Australia's TerraCom eyes worst day in 9-months after annual loss widens
01/09/2026 06:42
BUZZ-Australia's TerraCom eyes worst day in 9-months after annual loss widens ** Shares of Terracom Ltd TER.AX fall 15% to A$0.068, on track for worst day since December 24, 2025
** On Monday after market hours, the coal miner reported preliminary annual loss attributable to owners at A$45.5 million ($32.61 million), higher than A$42.7 million last year
** Co flags Blair Athol mine encountering weather disruptions for two quarters, falling short of its 1.6 mt coal guidance with 1.45 mt of coal sales in FY26
** FY26 preliminary revenue 21.1% lower at A$178.9 million
** 14.7 million shares change hands, 7.4x the 30-day average volume
** YTD, stock up 3% including moves in current session
($1 = 1.3955 Australian dollars)
(Reporting by Rudrannsh Mehra in Bengaluru)
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