Yancoal Australia Ltd (YACAF) Q1 2026 Earnings Call Transcript

Operator

Good day, and thank you for standing by. Welcome to Yancoal First Quarter Production Report Conference Call and Webcast. [Operator Instructions] Please be advised that today’s call is being recorded.

I would now like to hand the call over to Mr. Brendan Fitzpatrick, Head of Investor Relations. Thank you, Brendan. Please go ahead.

Brendan Fitzpatrick
General Manager of Investor Relations

Thank you, Desmond, and thank you to everyone on the call for joining this briefing on Yancoal’s first quarterly production report for 2026. We have several members of Yancoal’s executive leadership team to recap the quarter and participate in the question-and-answer session. The commentary provided today is based on the quarterly production report published on the Australian Securities Exchange and the Stock Exchange of Hong Kong announcement platforms on the 20th of April. There is no presentation pack for this call. The Yancoal website holds past presentations for any participants who require additional information on the company.

I’ll hand over to our Chief Executive Officer, Sharif Burra, to provide the first quarter highlights.

Sharif Burra
Chief Executive Officer

Thank you, Brendan. I also welcome everyone joining us on today’s conference call. We would have spoken to some of you just a few days ago after announcing the Kestrel Coal Mine acquisition. The acquisition price for Kestrel is USD 1.85 billion plus a potential contingent cash consideration. Adding a long-life asset that produces hard coking coal at strong margins is a compelling step forward for Yancoal. We’re working with the vendors to reach completion in