Brisbane, Australia – ASX-listed coal producer TerraCom Limited (ASX: TER) has reported another strong operational quarter for the three months ended 30 September 2025, underpinned by disciplined cost control, consistent production across its diversified asset base, and continued strengthening of its corporate and financial framework.
Operational Highlights
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Group coal sales: 1.8 million tonnes, up 9% on the June quarter.
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Equity coal sales: 1.1 million tonnes, up 4%.
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Closing cash at bank: $4.95 million, plus $58.2 million in restricted cash for rehabilitation bonding.
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Strong safety performance: LTIFR of 0.6 and TRIFR of 1.7.
At the Company’s flagship Blair Athol Mine in Queensland, run-of-mine production rose 24% to 653kt, while saleable coal output increased 15% to 463kt. Average realised prices were in line with market movements at A$121.90 per tonne, with free-on-board (FOB) operating costs tracking within the targeted A$105-115 per tonne range.
TerraCom’s South African operations also performed strongly, delivering 1.39Mt of coal sales (+18% QoQ) on the back of improved processing efficiency and logistics performance.
Corporate and Strategic Progress
During the quarter, TerraCom achieved a $7.7 million reduction in its Blair Athol rehabilitation bonding requirements, with $3.9 million in cash already released and a further $3.8 million expected in the December 2025 quarter.
The Company also appointed Jen Williams as Chief Financial Officer and Company Secretary, marking a key step in strengthening its governance and financial management framework.
Following quarter-end, TerraCom announced an updated JORC Resource and Reserve Statement for Blair Athol, reaffirming its long life and low-cost production profile with a forecast mine life now extending to 2033.
TerraCom continues to advance its Cooperation Agreement with Wintime Energy Group Co. Ltd to jointly develop the Moorlands Thermal Coal Project in Queensland, with commercial completion targeted for November 2025.
Managing Director Comment
Managing Director Danny McCarthy said:
“TerraCom has delivered another solid quarter of operational performance across both our Australian and South African assets, demonstrating the resilience of our diversified business and the discipline of our people.
At Blair Athol, production, cost and sales outcomes remained in line with plan, supported by strong execution and careful capital management. The recently updated JORC Resource and Reserve statement reinforces its longevity and continued capacity to generate sustainable cashflows through market cycles.
With a clear focus on cost discipline, reliable production, and sustainable returns, TerraCom remains well positioned to deliver long-term value for shareholders while advancing strategic growth initiatives.”
Outlook
TerraCom enters the December 2025 quarter with a stable operational profile, lean cost base and a clear focus on creating value through efficiency, disciplined capital management and targeted growth. The Company continues to pursue opportunities in both Australia and select international jurisdictions aligned with its diversification strategy.
For more information, please visit https://terracom.au
ENDS
About us:
About TerraCom Limited
TerraCom Limited (ASX:TER) is an Australian based mining resources company with a global footprint, comprising a large portfolio of operating assets in Australia and South Africa within the coal sectors. We are a renowned low-cost producer focused on delivering exceptional outcomes from our high yielding diversified asset portfolio for its investors.
Contact details:
Jane Morgan
Investor and Media Relations
E: [email protected]
M +61 405 555 618
