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Stanmore Resources Limited (ASX:SMR)

ALERT: Price-sensitive ASX Announcement for SMR
Current share price for SMR : $2.690 0.06 (2.28%)+
Announcement
Release
23 Feb 2026 8:28AM
Price at Release
$2.630
Full Release
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Summary
In 2025, Stanmore Resources Limited achieved record operational performance despite challenging weather conditions in the first half of the year. The company produced 20.5 million tonnes of run-of-mine coal and 14.0 million tonnes of saleable coal. Total sales reached 14.1 million tonnes, generating revenues of US$1.9 billion, although this was impacted by a 21% decrease in average sale prices. Cost reduction efforts lowered FOB cash costs, contributing to an Underlying EBITDA of US$385 million. Stanmore declared a fully franked dividend of 8.9 US cents per share and ended the year with a strong balance sheet, with a closing cash balance of US$212 million and net debt of US$33 million. The company also announced a maiden JORC compliant Reserves statement for the Isaac Downs Extension Project. Looking ahead, 2026 guidance reflects a planned production decrease at the Isaac Plains Complex, with an emphasis on optimizing cost structures.
Key Points
  • Record operational performance with run-of-mine production of 20.5 million tonnes and saleable production of 14.0 million tonnes.
  • Total sales of 14.1 million tonnes resulted in revenues of US$1.9 billion, affected by a 21% reduction in average realised sale prices.
  • FOB cash costs were lower than the previous year due to cost reduction initiatives, supporting an Underlying EBITDA of US$385 million.
  • Positive free cash flow and a closing cash balance of US$212 million, with net debt of US$33 million.
  • Declaration of a fully franked dividend of 8.9 US cents per share.
  • Maiden JORC compliant Reserves statement for the Isaac Downs Extension Project.
  • Total revenues decreased due to a reduction in average realised sales price.
  • Free cash flow remained robust with a liquidity of US$500 million.
  • Guidance for 2026 anticipates a decline in saleable production due to adjustments at the Isaac Plains Complex.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.