Stanmore Resources Limited (SMR) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to the Stanmore Resources Limited 2025 Half-Year Financial Results Investor Briefing. All participants are in listen-only mode. There will be a presentation followed by a question and answer session. If you wish to ask a question, you will need to press the star key followed by the number one on your telephone keypad. I would now like to hand the conference over to Mr. Marcelo Matos, Executive Director and CEO. Please go ahead. Thank you. Good morning, everyone. Thank you for joining the call today as we present our 2025 half a year results. I'm joined here by Shane, our CFO. And we open today's presentation by running through the highlights of the first half on slide number three. Overall, we are really pleased to present our half a year results today, which demonstrates the resilience of our platform in light of the challenging first half operational conditions and a soft market environment generally. Starting with safety, our role in 12 months, serious accident frequency rate reduced to the ultimate benchmark level of zero, which is very pleasing. This is a tremendous achievement for the business and reinforces our strong safety culture and our commitment to safety across all aspects of our business, including the benefits of our focus on targeting lead indicators. As pre-reported in our quarter list, saleable production was 6.5 million tons, which demonstrates the responsiveness of our portfolio. On the financial side, despite the low volumes, FOB cash costs reduced compared to the first half of 2024 and remained within the guidance range of 2025, supported by disciplinary efforts across the platform. It helped to support underlying EBITDA of $147 million, which was impacted by the decline in average realized prices from the ...