Australia's Whitehaven falls as FY profit drops 29%

Whitehaven Coal

19/08/2026 01:37

** Shares of Australia's Whitehaven Coal WHC.AX fall as much as 4.6% to A$7.400, heading for their weakest intraday session since July 28, if current losses hold
** Stock hits lowest level since August 10
** Coal producer posts 29% drop in FY underlying net profit after tax to A$227 million ($160.83 million), lower than A$319 million a year earlier and Visible Alpha estimate of A$247.6 million
** Average achieved coal price fell 6% to A$202 per metric ton
** Stock down 2.7% YTD, including sessions' moves

($1 = 1.4114 Australian dollars)

 (Reporting by Shravya Marakini in Bengaluru)
 ((shravya.marakini@thomsonreuters.com;))