Whitehaven Coal Ltd. (WHC.AX) Thursday said that its net profit after tax fell in the first half of fiscal 2026, impacted by non-recurring items and lower sales. The Australian coal mining company also reaffirmed its outlook for the year ahead.
On the ASX, WHC.AX is currently trading down 4.9 percent on Thursday at A$8.03.
The company posted statutory net profit after tax or NPAT of A$69 million in the first six months ended December 31, 2025, down 31 percent from A$100 million in the same period last year. This is after excluding $88 million of non-recurring items, mainly associated with the acquisition of Daunia and Blackwater from BMA and subsequent 30% sell down of Blackwater.
According to Whitehaven Coal, underlying loss after tax or NLAT came in at A$19 million in the first half, compared to underlying NPAT of A$350 million in the prior-year period.
Whitehaven Coal said that half-yearly revenues declined 28 percent to A$2.48 billion from A$3.43 billion in the corresponding period a year ago. The company's underlying EBITDA fell 54 percent to A$446 million in the six-month period from A$960 million last year.
Looking ahead, the company reaffirmed its fiscal 2026 guidance. ROM coal production and coal sales are on track to be at the upper end of expectations, it added. Whitehaven Coal said that an interim dividend of 4.0 cents per share will be paid on March 13.
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