The Stanmore Resources Ltd (ASX: SMR) share price is in focus today, after the company revealed record production of 20.5 million tonnes in FY25 and delivered underlying EBITDA of US$385 million despite coal market headwinds.
What did Stanmore Resources report?
- Total revenue fell to US$1.88 billion, down from US$2.40 billion last year, reflecting a 21% drop in average realised sale prices.
- Underlying EBITDA came in at US$385 million, supported by lower FOB cash costs of US$88 per tonne.
- Net loss after tax of US$47 million, down from a profit of US$192 million in FY24.
- Free cash flow of US$296 million, with closing cash of US$212 million.
- A fully franked final dividend of 8.9 US cents per share was declared.
- Net debt finished the year at just US$33 million, with total liquidity of US$482 million.
What else do investors need to know?
Stanmore Resources’ record output was achieved despite a challenging first half hampered by severe weather, with strong operational recovery in the second half. The company’s major projects, including the Isaac Downs Extension, made regulatory progress, while South Walker Creek and Poitrel mines continued to drive performance.
Management highlighted cost discipline as a key factor in offsetting falling coal prices, with FOB cash costs slightly below the prior year. Operational efficiencies and a return to lower, steady-state capital expenditure supported robust cash generation and ongoing shareholder returns.
What did Stanmore Resources management say?
Chief Executive Officer & Executive Director Marcelo Matos said:
The 2025 full year was another expansionary year for Stanmore, with production increasing following the completion of our recent capital investment program… Stanmore remains uniquely positioned to benefit as an Australian-based pure-play producer.
What’s next for Stanmore Resources?
Looking ahead, Stanmore is forecasting a modest step down in consolidated production to 12.8â13.4 million tonnes in FY26, mainly due to changes at the Isaac Plains Complex. The company expects slightly higher FOB cash costs in 2026, reflecting industry-wide pressure from inflation and FX movements, though ongoing operational improvements are expected to mitigate these impacts.
Stanmore intends to maintain its focus on operational efficiency, cost management, and advancing development projects such as the Isaac Downs Extension. It also remains committed to returning capital to shareholders, supported by its strong balance sheet and liquidity.
Stanmore Resources share price snapshot
Over the past 12 months, Stanmore Resources shares have risen 6%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 9% over the same period.
The post Stanmore Resources FY25 earnings: Record output appeared first on The Motley Fool Australia.
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