Bathurst holds guidance as coal prices rebound despite profit dip

The latest update is out from Bathurst Resources Ltd ( (AU:BRL) ).

Bathurst Resources reported consolidated first-half FY26 EBITDA of NZ$16.2 million, ahead of forecasts but down from NZ$27.5 million a year earlier, and a loss after tax of NZ$3.4 million, despite a strong consolidated cash balance of NZ$155.6 million. The weaker result reflects lower hard coking coal benchmark prices, higher mining costs and softer South Island domestic demand, partially offsetting higher export volumes.

Management is maintaining full-year EBITDA guidance of NZ$35 million to NZ$45 million as hard coking coal prices rebound, supported by tight supply from Queensland and rising Indian demand. The company is advancing its long-life Buller Plateaux Continuation Project in New Zealand and the Tenas Project in Canada, both expected to underpin future steelmaking coal production and regional employment while North Island operations continue intensive overburden stripping to secure medium-term domestic supply.

The most recent analyst rating on (AU:BRL) stock is a Hold with a A$0.60 price target. To see the full list of analyst forecasts on Bathurst Resources Ltd stock, see the AU:BRL Stock Forecast page.

More about Bathurst Resources Ltd

Bathurst Resources is a New Zealand-based coal producer with domestic operations in both the North and South Islands and an export segment focused on hard coking coal for steelmaking. The company also holds international growth options, including the 100%-owned Tenas Project in British Columbia, Canada, positioning it as a regional supplier of high-quality metallurgical coal.

Average Trading Volume: 28,788

Technical Sentiment Signal: Sell

Current Market Cap: A$150M

For an in-depth examination of BRL stock, go to TipRanks’ Overview page.