Yancoal Australia Ltd (ASX:YAL) Reports 2024 Financials and Declares Dividend at AGM
Financial Performance
Yancoal Australia Ltd reported revenues of $6.86 billion for 2024, achieving an Operating EBITDA of $2.58 billion at a 37% margin. The company recorded a profit after tax of $1.22 billion, translating to earnings per share of $0.92. By the end of 2024, Yancoal held $2.46 billion in cash with no interest-bearing loans.
Dividend Declaration
The Board declared dividends amounting to $687 million for 2024, equating to $0.52 per share at a 56% payout ratio, based on a year-end share price of $4.95.
Operational Achievements
Yancoal achieved total ROM production of 62.7Mt and saleable production of 47.8Mt, with attributable production reaching 36.9Mt, marking a 10% increase compared to 2023.
Safety and Sustainability
Yancoal maintained a stable Lost Time Injury Frequency Rate (LTIFR) and reported a 12-month rolling Total Recordable Injury Frequency Rate (TRIFR) of 6.73, below the industry average. The company also published its 2024 Sustainability Report, integrating Environment, Social & Governance (ESG) information, and initiated systems development for increased disclosure compliance.
Motley Fool contributor Aaron Shaw has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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