Stanmore Resources Delivers Stable H1 Results Amid Market Volatility
Stanmore Resources reported solid first-half 2026 results, with run-of-mine coal output of 9.1 million tonnes and saleable production of 6.5 million tonnes broadly flat year-on-year.
The company attributed the stable performance to strong contributions from its Poitrel and South Walker Creek mines, as well as healthy inventories that leave it on track to meet its reaffirmed full-year guidance.
Stanmore's coal sales revenue rose to US$978 million and underlying EBITDA to US$174 million, supported by firmer market prices despite FOB cash costs climbing to US$101 per tonne due to higher diesel and a stronger Australian dollar.
The company generated positive free cash flow before dividends and debt servicing of US$47 million, which helped keep net debt at a modest US$72 million. The board withheld an interim dividend to preserve balance sheet flexibility.