Pembroke Olive Downs Pty Ltd - 2Q-2025 Results Announcement

29 Aug 2025 10:12 CEST

Enclosed is the Pembroke’s company update for the second quarter of 2025.

This will be presented on Wednesday 03 September 2025 at 14:00 (CET). The
presentation and Q&A session will be held in English presented by Chairman & CEO
Barry Tudor and CFO Yoko Kosugi through audio conference call. The link to the
conference call will be available on:

https://events.teams.microsoft.com/event/20d7e765-f40e-41f8-a2aa-1356b935f0aa@ce
d47db0-d73a-4514-a74d-63af7885ff7d

Highlights of 2Q-2025:
• 2Q-2025 marked the steady stage of the Olive Downs Complex, with production
consistently exceeding 500k tonne per month (ROM).
• In H1-2025, 2.0Mt product was sold to the global market.
• In the current volatile global economic environment, the major coal indices
(PLV HCC and HCCAU00) declined by 23% and 29% respectively compared with FY2024.
Notwithstanding, demand for our HCC remained strong, demonstrating continued
global customer confidence in the Olive Downs brand. The average price
relativity to HCCAU00 was maintained at ~100%, with an average realised coking
coal price of ~USD144/tonne in 1H-2025.
• The Pembroke Olive Downs team continues to demonstrate operational discipline,
with a strong focus on controlling the controllable – including improving coal
mining practices, enhancing yield, maximising processing plant performance and
maintaining competitive production costs.
• In 2Q-2025, we achieved a positive EBITDA of USD3m. As the first quarter at
steady stage, this result represents an encouraging milestone. Cash balance as
of 30 June 2025 was USD201m.

More information:
Access the news on Oslo Bors NewsWeb site

654240_2Q-202~1.PDF