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Stanmore Resources Limited (ASX:SMR)

ALERT: Price-sensitive ASX Announcement for SMR
Current share price for SMR : $2.625 -0.055 (-2.05%)+
Announcement
Release
24 Aug 2026 7:50AM
Price at Release
$2.680
Full Release
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Summary
In the first half of 2026, Stanmore Resources Limited maintained strong operational results despite challenging weather conditions. The company produced 6.5 million tonnes of saleable coal, aligning with their guidance. Sales reached 6.4 million tonnes with FOB cash costs maintained at US$101 per tonne. Financially, Stanmore improved its EBITDA by US$27 million year-on-year to US$174 million, bolstered by favorable market conditions. Despite headwinds from higher diesel prices and a stronger Australian Dollar, the company preserved its balance sheet resilience with a net debt of US$72 million. A key highlight was the completion of a corporate refinance, enhancing capital structure flexibility with an increased term debt facility of US$250 million. The period also marked the submission of the Isaac Downs Extension Environmental Impact Statement, a significant milestone in its project development.
Key Points
  • Saleable production of 6.5 million tonnes, tracking within guidance.
  • Sales tonnes of 6.4 million tonnes, with FOB cash costs of US$101 per tonne.
  • Underlying EBITDA of US$174 million, US$27 million higher than the previous year.
  • Net Debt of US$72 million supported by positive cash flows.
  • Corporate refinance completed with increased term debt facility to US$250 million.
  • Isaac Downs Extension EIS submitted in June.
  • 1H 2026 financial performance improved with coal sales revenue and EBITDA increases.
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.