FINANCIAL PERFORMANCE
Operating EBITDA (excluding significant items) of $130.3 million for the year, 44% higher than the previous year.
Sales revenue of $763.3 million, in line with the prior year.
Net loss before significant items of $10.7m, an improvement of 62% compared with the loss of $28.4m in the previous year.
Net profit recorded in the second half.
Net loss after significant items of $342.7 million. This was due predominantly to three non-cash significant items including an impairment of early stage exploration assets, a charge arising following the enactment of legislation to repeal the MRRT and the successful refinance of the Group’s debt facility.
FOB unit costs down by 12% to $61/t (excluding royalties) in FY2015 compared $69/t in FY2014.
Operating cash flow of $213.4 million, 96% higher than previous year.
Net debt increased to $935.8 million as spending on Maules Creek comes to an end.
Successfully re-financed debt facility with improved terms.
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