Coronado Global Resources Inc. (ASX: $CRN) Half-Year Financial Report

Coronado Global Resources Inc. (ASX: $CRN) has released its Appendix 4D - Half Year Report for the half-year ended 30 June 2024. The company also filed its Form 10-Q - Quarterly Report with the U.S. Securities Exchange Commission. The financial information provided includes the consolidated results for the half-year ended 30 June 2024, dividends, financial statements, net tangible asset backing per Ordinary Share/CDI, and other significant accounting policies. The company's financial statements are denominated in United States dollars (USD) unless otherwise indicated.

Executive Commentary on Financial Performance

The company's net income for the three and six months ended June 30, 2024, decreased compared to the same periods in 2023, primarily due to lower average realized Met coal prices. Coronado's Australian Operations saw an increase in coal revenues for the three and six months ended June 30, 2024, driven by higher sales volumes, while its U.S. Operations experienced a decrease in coal revenues due to lower sales volumes and average realized prices. The report provides detailed financial and operational metrics, including safety and environmental metrics, Adjusted EBITDA, total sales volumes, average realized prices, and net debt. It also discusses the company's liquidity, dividends, and segment reporting, providing a breakdown of financial data for the Australian and U.S. operations, as well as corporate and other costs.

Summary of Financial Report and Outlook

Coronado Global Resources Inc. has released its Appendix 4D - Half Year Report and Form 10-Q, providing unaudited financial statements, dividends, and segment information. The company's net income for the three and six months ended June 30, 2024, decreased compared to the same periods in 2023, primarily due to lower average realized Met coal prices. However, the Australian Operations saw an increase in coal revenues driven by higher sales volumes. The company aims to maintain a prudent capital structure and ensure sufficient liquid assets and funding to meet financial obligations. Coronado's liquidity as of June 30, 2024, and December 31, 2023, includes details about its ABL Facility, cash and cash equivalents, and senior secured notes. The company declared a bi-annual fully franked fixed ordinary dividend of $8.4 million, or 0.5 cents per CDI, payable on September 18, 2024. The report also covers the Curragh Housing Transaction, ABL Facility, surety bonds, letters of credit, and bank guarantees. Coronado's historical cash flows for the six months ended June 30, 2024, and 2023, were summarized, including operating activities, investing activities, and financing activities. The company's disclosure controls and procedures were evaluated and found to be effective, and there were no changes to its internal control over financial reporting during the period.