Whitehaven Coal Limited ( (WHITF) ) has released its Q2 earnings. Here is a breakdown of the information Whitehaven Coal Limited presented to its investors.
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Whitehaven Coal Limited is an Australian company focused on the development and operation of coal mines, predominantly in Queensland and New South Wales, and has recently expanded into the metallurgical coal market. In its latest earnings report for the half year ended December 2024, Whitehaven Coal Limited reported a substantial increase in revenue to $3.428 billion, up 116% from the previous year, although net profit after tax declined by 70% to $77 million. The underlying EBITDA for the period was notably strong at $960 million, driven by increased production and sales, particularly in the newly acquired metallurgical coal sector, with managed ROM coal production rising by 87% to 19.4Mt. The company declared a fully franked interim dividend of 9 cents per share, highlighting its commitment to shareholder returns. Looking ahead, Whitehaven Coal’s strategic transaction to sell a 30% stake in the Blackwater coal mine is expected to bolster its financial flexibility, as the company anticipates receiving US$1.08 billion in cash proceeds upon completion at the end of March 2025.
