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2026-11-06
◂ Monitor CRN ASX

Coronado Global Resources Inc.

Producer · Others · AU · US Rating locked: sign in to view v8.1 · crn-20261104t223134-full
Last 2026-11-06
A$0.135
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$226.3M
EV
—
Cash
US$155M
Debt
US$708.1M

Funding, performance and ownership

Financials & Capital

As of 2026-09-30
Cash US$155M Not Meaningful
Debt US$708.1M Net cash US$-553.1M
Basic shares 1.7B 2026-10-14
Runway Not Meaningful Operating cash flow was negative in FY2025 and H1 2026; no runway is computed here.

Liquidity

Financial position

Available liquidity US$155.0m at 30 Sep 2026 with ABL and notes outstanding; net debt US$553.1m (company definition, excludes Glencore prepayment and Stanwell balances).

Capital structure

Ownership and dilution

Ordinary shares
1.7B
Fully diluted
1.7B

Quoted CDIs 1,676,453,730 at 14 Oct 2026 (same as 31 Dec 2025 and 31 Dec 2024 on the 10:1 basis). Fully diluted adds 33,065,263 PSUs assumed convertible 1:1 into CDIs (conservative).

Security classes1
ClassTypeQuantityStrikeExpiry
Performance stock units (CRNAB), 33,065,263 on issue at 14 Oct 2026; assumed to convert 1:1 into CDIsPerformance Right33.1M——

Actuals and forecasts

Financial statements

Reported years only; our forecasts are available to subscribers
AUDUnitTrendFY2024AAFY2025AA
Operations
Group saleable production (100%)tFY2024A: 15,300,000 tFY2025A: 16,000,000 t15,300,00016,000,000
Unit costs
Mining cash cost per tonne produced (AUD)AUD/t136.7136.7
Profit and loss
Revenue (total)AUDmFY2024A: 3,569,980,227 AUDFY2025A: 2,775,716,773 AUD3,570.02,775.7
EBITDA (company adjusted for actuals; forecast model)AUDmFY2024A: 163,913,304 AUDFY2025A: -205,236,141 AUD163.9(205.2)
Net profit after tax (attributable)AUDmFY2024A: -155,002,992 AUDFY2025A: -615,074,922 AUD(155.0)(615.1)
Cash flow
Operating cash flowAUDmFY2024A: 105,401,920 AUDFY2025A: -113,883,729 AUD105.4(113.9)
Capex (negative)AUDmFY2024A: -353,254,951 AUDFY2025A: -348,474,502 AUD(353.3)(348.5)
Free cash flow (OCF plus capex)AUDmFY2024A: -247,853,031 AUDFY2025A: -462,358,232 AUD(247.9)(462.4)
Balance sheet
Cash (unrestricted, period end)AUDm—246.3
Interest-bearing debt (carrying value)AUDm—977.5
Net debt (debt less cash)AUDm—731.2
Per share
CDIs on issue (10 CDIs = 1 common share)m shares1,676.51,676.5
Multiples and ratios
P / E (x, current market cap)xFY2024A: -1.41 xFY2025A: -0.35 x(1.4)(0.4)
FCF yield (current market cap)%FY2024A: -1.14 fractionFY2025A: -2.12 fraction-113.7%-212.2%
EBITDA margin%FY2024A: 0.05 fractionFY2025A: -0.07 fraction4.6%-7.4%
Net debt / EBITDA (x)x—(3.6)

KPI history

Operating metrics

Source values by period
Operating metric source table2
MetricProjectPeriodPeriod typeValueStatus
Group saleable production (Curragh, Buchanan, Logan) FY2025Curragh ComplexFY2025Year16 MtReported
Group saleable production 9 months to 30 Sep 2026Curragh Complex9M 2026Other10.5 MtReported
Company guidance3
MetricProjectPeriodLowHighStatus
Saleable ProductionCompanyFY20261414.5 MtCurrent
Mining Cash Cost Per Tonne ProducedCompanyFY2026105110 USD/tCurrent
CAPEXCompanyFY2026150175 USD mCurrent

Contracts and ownership

Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.

Complete As Disclosed · as of 2026-10-30

Stanwell arrangements and Glencore prepayment as disclosed in the 10-K and H1 2026 documents read; Logan sale terms not in the documents read.

Thermal coal supply to Stanwell under ACSA and NCSA; rebates waived from 2026; prepayments settled through deliveries.

Offtake · Active
Counterparties
Stanwell Corporation Limited
Applies to
Curragh Mine Complex (open cut and Mammoth underground), Queensland · Others
Economic direction
Mixed
Period
2018-08-14 to 2043-12-31
Key terms
Fixed thermal supply pricing and rebate waiver to H1 2027: 0 USD
How it affects our valuation

No valuation treatment is available for this arrangement.

Deferred consideration for Stanwell Reserved Area rights.

Other · Active
Counterparties
Stanwell Corporation Limited
Applies to
Curragh Mine Complex (open cut and Mammoth underground), Queensland · Others
Economic direction
Burden
Period
From 2018-08-14; no end date stated
Key terms
Carrying value at 31 Dec 2025: 346.77 USD m
How it affects our valuation

No valuation treatment is available for this arrangement.

Prepaid thermal coal supply liability settled by future coal deliveries.

Offtake · Active
Counterparties
Stanwell Corporation Limited
Applies to
Curragh Mine Complex (open cut and Mammoth underground), Queensland · Others
Economic direction
Burden
Period
From 2025-06-10; no end date stated
Key terms
Carrying value at 31 Dec 2025: 155.03 USD m
How it affects our valuation

No valuation treatment is available for this arrangement.

Offtake prepayment settled through future coal deliveries.

Offtake · Active
Counterparties
Glencore AG
Applies to
Curragh Mine Complex (open cut and Mammoth underground), Queensland · Buchanan Mine Complex, West Virginia · Others
Economic direction
Burden
Period
2026-08-07 to 2027-08-07
Key terms
Prepayment principal: 75 USD m
How it affects our valuation

No valuation treatment is available for this arrangement.

Asset-based lending facility provided by Stanwell.

Other · Active
Counterparties
Stanwell Corporation Limited
Applies to
Curragh Mine Complex (open cut and Mammoth underground), Queensland · Others
Economic direction
Burden
Period
2025-11-27 to 2030-11-27
Key terms
Outstanding at 30 Sep 2026: 283.66 USD m
How it affects our valuation

No valuation treatment is available for this arrangement.

9.250% senior secured notes due 2029.

Other · Active
Counterparties
Noteholders
Applies to
Curragh Mine Complex (open cut and Mammoth underground), Queensland · Buchanan Mine Complex, West Virginia · Others
Economic direction
Burden
Period
Through 2029-12-31; start date not stated
Key terms
Principal at 30 Sep 2026: 400 USD m
How it affects our valuation

No valuation treatment is available for this arrangement.