Australia · Delayed Price · Currency is AUD Bathurst Resources Earnings Call Transcripts
Fiscal Year 2026
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Operations remain profitable with strong cash reserves and no debt, despite a slight loss due to heavy investment in growth projects. Export pricing and demand are robust, with major expansion projects underway in NZ and Canada, targeting long-term production and cash flow.
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Revenue and EBITDA declined year-over-year due to lower coal prices and higher costs, but cash reserves remain strong after a capital raise. Guidance for FY 2026 EBITDA is NZD 35–45 million, with growth focused on export markets and new projects in NZ and Canada.
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Quarterly results were steady, with higher sales volumes offset by lower export prices, leading to improved cash flow and profits. Major development projects in New Zealand and Canada are advancing, supported by strong cash reserves and no significant debt.
Fiscal Year 2025
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Revenue and profit declined year-over-year due to lower export prices and logistics disruptions, but strong cash reserves and zero debt position the business for growth. Major development projects (Buller, Tenas) are advancing, with future profitability tied to rising coal prices.
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Strong cash position and no debt underpin growth, with a successful NZD 34 million capital raise funding Buller and Tenas coking coal projects. EBITDA guidance is NZD 45–55 million, and regulatory approvals are progressing for major expansions.
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Revenue and EBITDA remain steady despite export disruptions and lower coal prices, with full-year EBITDA projected at NZD 45–55 million. Major projects advance under new fast-track approvals, and strong cash reserves support ongoing development.
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Operations remain cash-strong with no significant debt, but FY25 EBITDA is forecast to drop due to lower export prices and tunnel-related disruptions. Growth projects in New Zealand and Canada are expected to boost production, with key projects advancing under supportive legislation.
Fiscal Year 2024
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The meeting approved all resolutions, including director re-election and executive performance rights, and reviewed a year of strong cash generation but lower EBITDA due to coal prices and expansion. Strategic focus is on the Bulla project and Canadian growth, with ongoing safety and community initiatives.