Whitehaven Coal (ASX:WHC) said managed run-of-mine (ROM) production reached 9.5 million tonnes in the fiscal third quarter ended March, including 4.1 million tonnes from Queensland and 5.4 million tonnes from New South Wales, according to a Thursday Australian bourse filing.
The company's March quarter 2025 managed ROM was 9.2 million tonnes with total equity sales of produced coal of 6.3 million tonnes, an earlier filing showed.
The company reported March quarter equity sales of produced coal of 6.8 million tonnes.
The company said ROM coal production and coal sales are tracking to be firmly in the upper half of fiscal year 2026 guidance of 37 million tonnes to 41 million tonnes, with unit costs tracking around the midpoint of the AU$130 to AU$145 per tonne guidance range and capital expenditure on track to be around the low end of AU$340 million to AU$440 million.
Net debt stood at AU$600 million at March 31, before a second deferred acquisition payment to BMA of $500 million made on April 2, with refinancing of acquisition debt completed in April via $900 million of senior secured notes and $600 million of bank funding, delivering interest savings of AU$50 million to AU$55 million per year from May, the filing added.
The company remains on track to deliver AU$60 million to AU$80 million of annualized cost savings by June 30, the filing added.
Whitehaven continued its share buyback during the quarter, repurchasing 1.4 million shares for AU$11 million, with 7.7 million shares bought back for AU$56 million in the fiscal year to date, it added.