Whitehaven Coal Reports Strong Growth and Strategic Divestiture

Whitehaven Coal Limited (AU:WHC) has released an update.

Whitehaven Coal Limited reports strong FY24 financial results, with $1.4 billion in underlying EBITDA and a net profit of $740 million before significant acquisition-related costs. The company declared a fully franked final dividend of 13 cents per share, reflecting an increase in production and revenue, and announced a strategic divestiture agreement with Nippon Steel and JFE Steel for joint venture interests that’s expected to bring in US$1.08 billion. These moves are part of a transformative year for Whitehaven, marked by the acquisition of Daunia and Blackwater mines that promise to add value and scale benefits to the company.

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