Whitehaven Coal Earnings: Weaker Than Expected but Long-Term Value Remains

Whitehaven's fiscal 2025 adjusted NPAT is down 57% on last year, to AUD 319 million or AUD 39 cps. A full year's ownership of Blackwater and Daunia saw volumes up 61%, offsetting lower coal prices and higher unit cash costs. But the resulting higher depreciation and interest costs drove the decline.