In the first quarter, the company's coal production totaled 9.04 million tons, a decrease of 14.5%, while coal sales totaled 7.48 million tons, an increase of 0.6% year-on-year.
According to statements, Indian demand for metallurgical coal from Australia continued to be disrupted by a decline in Chinese steel exports. However, China's efforts to curb steel production and combat oversupply are supporting early signs of a recovery in metallurgical coal prices and improving sentiment. During this period of softer pricing, demand for Whitehaven coal products continues to be strong. Whitehaven remains focused on margin optimization, cost management, and prudent capital allocation.
The expected structural shortfall in global metallurgical coal production, combined with increased offshore demand from India, is expected to lead to higher prices for metallurgical coal in the long term. Whitehaven's metallurgical coal portfolio is expected to benefit from this supply-constrained market dynamics.
The company's forecast for coal production for the 2025-26 fiscal year is in the range of 37.0-41.0 million tons, and the forecast for coal sales is in the range of 29.5-33.0 million tons.
