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TerraCom Limited (ASX:TER)

ALERT: Price-sensitive ASX Announcement for TER
Current share price for TER : $0.070 0.004 (6.06%)+
Announcement
Release
27 Feb 2026 5:34PM
Price at Release
$0.066
Full Release
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Summary
TerraCom Limited released its interim financial results for the first half of FY2026, reporting a net loss due to lower benchmark coal prices impacting revenues, while maintaining strong operational performance at the Blair Athol mine. The company reported increased sales volumes and reduced costs, emphasizing a resilient business model with flexibility to adapt to market conditions. TerraCom plans to focus on maximizing value from existing operations, divesting South African assets, and progressing the Moorlands Project to enhance its financial standing and shareholder value.
Key Points
  • TerraCom reported EBITDA of $(7.0) million and a net loss after tax of $(13.8) million for H1 FY26.
  • The decline was due to lower thermal benchmark coal prices, with Blair Athol's average realised price down to A$121.94 per tonne.
  • Despite price drops, Blair Athol's operational performance was strong with increased sales volumes and reduced FOB cash costs.
  • Sales volumes increased 13% to 809kt, supported by strong customer demand.
  • TerraCom focuses on maximising value from Blair Athol, divesting South African operations, and advancing the Moorlands Project.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.