Stanmore Resources
SMR.ASXMaterials
Metallurgical coal producer.
Market Data
$2.780
+0.0%$2.5B
-100000.0x
$-0.073
4.54%
+0.1%
Latest Earnings
2025 Annual Financial Report and Appendix 4E
23 February 2026
Stanmore Resources reported significant challenges in FY2025, with revenue declining 21% to US$1.88B due to lower coal prices, resulting in a net loss of US$47M compared to US$192M profit in 2024. Despite adverse weather impacts and market headwinds, the company delivered record production volumes and maintained strong cost discipline with underlying EBITDA of US$385M, while declaring a final dividend of US 8.9 cents per share. Key points: Record production volumes achieved despite significant weather challenges in first half; Underlying EBITDA of US$384.6M demonstrating operational resilience; FOB cash costs improved to US$87.8/t from US$89.4/t, achieving mid-range of revised guidance
Recent Announcements
2025 Annual Financial Report and Appendix 4E
Stanmore Resources reported significant challenges in FY2025, with revenue declining 21% to US$1.88B due to lower coal prices, resulting in a net loss of US$47M compared to US$192M profit in 2024. Despite adverse weather impacts and market headwinds, the company delivered record production volumes and maintained strong cost discipline with underlying EBITDA of US$385M, while declaring a final dividend of US 8.9 cents per share. Key points: Record production volumes achieved despite significant weather challenges in first half; Underlying EBITDA of US$384.6M demonstrating operational resilience; FOB cash costs improved to US$87.8/t from US$89.4/t, achieving mid-range of revised guidance
2025 Full Year Results
Stanmore Resources delivered record production of 14.0 million tonnes despite early weather disruptions, but revenue fell 21% to US$1.9 billion due to lower coal prices averaging US$133/t versus US$168/t prior year. The company reported Underlying EBITDA of US$385 million and maintained strong cash generation with US$296 million free cash flow, supporting an 8.9 US cents fully franked dividend. Key points: Record operational performance with 20.5 million tonnes ROM production and 14.0 million tonnes saleable production; Strong cost discipline with FOB cash costs reduced to US$88/t from US$89/t despite inflationary pressures; Robust cash generation with US$296 million free cash flow and strong liquidity of US$482 million
2025 Full Year Financial Results Investor Presentation
Stanmore delivered record production of 14.0Mt (+25% growth) with improved safety performance, despite experiencing five-year average rainfall in early 2025. However, underlying EBITDA fell to US$385M from US$700M due to lower coal prices, with average selling prices down US$35/t year-on-year despite reduced FOB cash costs. Key points: Record annual production of 14.0Mt (+25% growth) achieved despite challenging wet weather conditions; Strong safety performance with SAFR of 0.30, remaining below industry average of 0.73; FOB cash costs reduced to US$88/t from US$89/t through operational improvements and cost savings
Appendix 4D and Interim Financial Report
Stanmore Resources reported a net loss of $50.5M for H1 2025 (vs $136.3M profit in H1 2024), driven by a significant 29% decline in revenue to $867.2M due to lower coal prices ($132/tonne vs $175/tonne) and reduced sales volumes impacted by severe weather. Underlying EBITDA fell 61% to $146.8M, though the company maintained positive operating cash flow of $150.6M and partially offset headwinds through cost reduction initiatives. Key points: Underlying EBITDA of $146.8M demonstrates underlying operational profitability despite commodity price headwinds; Operating cash flow of $150.6M remains solid, supporting capital flexibility and debt management; FOB cash costs reduced to $89/tonne (from $91/tonne) through cost discipline and operational efficiencies
2025 Half Year Financial Results Investor Presentation
Stanmore reported 1H 2025 financial results with saleable production of 6.5Mt, FOB cash cost of US$89/t, underlying EBITDA of US$147m, and operating cash flow of US$151m, impacted by significant wet weather but with recovery expected in 2H 2025 and full-year guidance reaffirmed.
2025 Half Year Results
Stanmore Resources delivered resilient 1H 2025 results with Underlying EBITDA of US$147M despite significant weather disruptions early in the year, generating positive operating cash flows of US$151M. Revenue declined 29% to US$867M due to lower coal prices (US$132/t vs US$175/t) and reduced volumes, but FOB cash costs improved to US$89/t. The company reaffirmed full-year guidance, held the interim dividend given macro uncertainty, and maintains a strong balance sheet with US$181M cash and US$401M total liquidity. Key points: Exceptional safety performance with Serious Accident Frequency Rate returning to zero for first time since late 2023; Strong cost management with FOB cash costs of US$89/t within guidance despite weather disruptions and lower production volumes; Robust balance sheet and liquidity position with US$181M cash, US$99M net debt, and US$401M total liquidity
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