Page 1

G YANCOAL 兖 煤 澳大利亚 有限公司 1H 2026 Financial and Production Results For the six - month period ending 30 June 2026 Issued 19 August 2026 ROM coal production of 32.5 million tonnes ( 100 % basis ) , up 1 % from 1H 2025 . Saleable production of 25.7 million tonnes ( 100 % basis ) , up 4 % from 1H 2025 . Attributable saleable coal production of 19.8 million tonnes , up 5 % from 1H 2025 . Realised coal price of $ 154 per tonne , up 3 % from 1H 2025 . Operating cash cost of $ 96 per tonne ( exc . Government royalties ) , just 3 % higher than 1H 2025 despite elevated diesel prices . Revenue of $ 3.02 billion¹ , up 13 % from 1H 2025 . Operating EBITDA of $ 767 million , up 29 % from 1H 2025 , at an EBITDA margin of 24 % as coal price recovery continues . Operating Profit of $ 328 million , up 42 % , while Profit After Tax of $ 17 million was down 90 % due to non - operating items , most of which are non - cash accounting items . Cash balance of $ 2.1 billion at 30 June 2026 . Fully - franked interim dividend of $ 92.4 million , or A $ 0.0700 per share . 2026 Production Guidance² • 36.5-40.5Mt attributable saleable production - Operations performing strongly and output is likely to be in the upper half of the guidance range . • $ 90-98 / tonne cash operating costs - Higher diesel prices push costs into upper half of the range . . • $ 600-750 million attributable capital expenditure - Revised down from $ 750-900 million primarily on spend deferred to 2027 . CEO Comment We delivered a first - half production record of 19.8 million tonnes of attributable saleable coal and are tracking towards a new full - year production record . Despite the higher diesel costs our cash operating costs were just 3 % higher than 1H 2025 , and we expect to keep them within the guidance range . Higher sales volumes and higher realised prices lifted the Revenue and Operating EBITDA by 13 % and 29 % respectively compared to 1H 2025. The Operating Profit of $ 328 million was 42 % higher than 1H 2025 ; while Profit After Tax of $ 17 million was after $ 272 million of non - operating items including $ 188 million related to the annual accounting of USD denominated loans . Over recent years , we have built a strong net cash position , which stood at $ 2.1 billion at 30 June 2026. We will use approximately half the cash balance to fund the US $ 1.85 billion Kestrel acquisition announced in April , and debt fund the remainder . The combination of cash and debt funding delivers growth without equity dilution . This transaction does not exhaust our cash balance and does not deplete the Company's borrowing capacity . We will return A $ 0.07 per share to shareholders as a fully franked interim dividend . The dividend reflects confidence in the underlying earnings , cash generation , liquidity position and long - term financial strength . It also demonstrates our capacity to fund growth and reward shareholders simultaneously . We expect the addition of Kestrel into the portfolio will further enhance our financial strength . The international thermal coal indices we sell against increased through 1H 2026. We observed robust demand across most of our markets and constraints in most major seaborne market supplier countries . We are optimistic we can deliver strong operational performance in the second half and achieve robust realised coal prices . 1 All figures are Australian dollars , unless otherwise stated 2 Excludes any impact from the Kestrel Coal Mine acquisition 1