Yancoal Australia Ltd

Today, thank you for standing by. Welcome to Yanko's second quarter production report conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you need to press star 11 on your telephone. You'll then hear an automated message advising your hand is raised. You can also submit your questions via the webcast at the bottom of the page. Please be advised that today's conference is being recorded. I'd now like to hand the call over to your first speaker today, Brendan Fitzpatrick. Thank you. Please go ahead.

Thank you, Desmond, and thank you to everyone on the call for joining this briefing on Jan Cole's second quarter production report for 2025. We have several members of Jan Cole's executive leadership team on the call to recap the quarter and participate in the question and answer session. On the call, we have Mr. Yue, our Co-Vice Chairman and Acting CEO, Kevin Su, our Chief Financial Officer, Laura Jung, Company Secretary, David Bennett, EGM Operations, Mark Salem, EGM Marketing, Mike Wells, EGM Finance, Sheriff Burra, EGM Health, Safety and Sustainability, and Mark Jacobs, EGM Environment and External Affairs. The commentary provided today is based on the quarterly production report published to the Australian Securities Exchange and the Stock Exchange of Hong Kong yesterday, the 17th of July. There is no presentation pack for this call. The Yanko website holds past presentations for any participants who require additional information on the company. I'll hand over to our CFO, Kevin Hsu, to provide second quarter highlights.

Thanks, Brendan. I would also like to welcome everyone joining us on today's conference call. We have delivered the best first half operational performance of the past five years. During the second quarter, we were able to build on our strong first quarter, and halfway through the year, our long call and attributable sellable volume are 15 to 16% ahead of last year. This contrast with the past two years where we started the year slower and increased the production volume throughout the year. We are currently ahead of the midpoint of our attributable suitable production guidance range of 35 to 39 million tons with minimal disruptions over the remainder of the year where we should push towards the upper ends of the guidance range. As with past quarters, we don't include cash operating costs per ton in the quarter reports. However, we can say that we expect the cash operating costs for the first half will seep toward the middle of the guidance range of $89 to $97 per ton when we release our first half results in August. As most participants on the call are likely aware, Coal prices continued to decrease during the quarter. During such marked conditions, we focused on maximizing our operational efficiency and minimizing costs to navigate the typical low in coal prices. We finished the quarter with a cash balance of $1.8 billion after paying a fully frank final dividend of $687 million, or 52 cents per share, We also had a significant volume of sales from the second quarter to the third as a result of the temporary weather-related closure at the port of Newcastle. This massively impacted both the revenue and the cash generation we recorded in the second quarter. I'll hand over to other members of the executive team to share further details, starting with David Bennett, our executive GM operations.