In 2025, we loaded 96.5 million tonnes of coal across 1,144 vessels. Despite significant rainfall impacting the first half of the year, our terminal throughput finished strongly and was consistent with recent years.

Safety performance improved significantly compared to 2024, with an All-Injury Frequency Rate of 1.86, down from 6.04. Environmental performance highlights included a 94.4 per cent landfill diversion rate, the ninth consecutive year above 90 per cent, and a reduction in electricity intensity per tonne of coal handled compared to the previous three-year average.

Investment in our operating assets remains focused on delivering reliable and cost-effective terminal services long into the future. The 2025 capital programme totalled $86.9 million and included major electrical, mechanical and structural upgrades, as well as the successful delivery of the organisation’s Shiploader Investment Programme outage at Kooragang.

Port Waratah CEO, Hennie du Plooy, said the report demonstrated our commitment to operating sustainably while continuing to deliver safe, reliable and efficient terminal services.

“Our commitment to safety and environmental performance delivered improvements against most targets in 2025, and this report highlights the initiatives that supported that progress,” said Mr du Plooy.

“Despite challenging weather conditions, our people worked closely with coal chain partners to recover performance and finish the year strongly. The scale and success of the major outage at Kooragang demonstrated what can be achieved through strong planning, collaboration and a shared focus on safe, reliable operations.

“Trust is earned through our actions every day. We are proud of our safety culture, our focus on environmental performance and the relationships we have built with our workforce, the local community and our partners, and we remain committed to listening, engaging and contributing meaningfully to the Hunter Region.” said Mr du Plooy.

We continued to support the local economy and employment, spending $147 million with suppliers and contractors in the Hunter Region. More than 80 per cent of employees live locally across Newcastle, Lake Macquarie and Port Stephens.

An investment of $850,000 was given back to the community through the Community Investment and Partnership Programme, supporting more than 125 initiatives. More than 25 per cent focused on health outcomes while 20 per cent was dedicated to partnerships for reconciliation.

The Annual Report Suite includes the Sustainability Performance Report, Annual Financial Report, Sustainability Report and Modern Slavery Statement. The Sustainability Performance Report has been prepared in accordance with Global Reporting Initiative standards and aligned with the Mineral Council of Australia’s Enduring Value Framework.

The reports are available at. pwcs.com.au/about/annual-reports.