CODQL Coronado Global Resources Inc.

Overview and Growth

Coronado Global Resources Inc.'s fiscal 2025 revenue totaled $1.95B. The $1.95B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Revenue was 22.2% below fiscal 2024 revenue of $2.51B, marking a top-line contraction. On a per-share basis, diluted EPS was -$2.58, which connects the reported earnings outcome with the company’s diluted share count. The diluted weighted-average share count was 167.65M, linking total earnings with the per-share result received by shareholders. The diluted share count was 0.3% lower than fiscal 2024, when diluted shares averaged 168.07M, adding context to the EPS comparison. The company employed $2.63B of total assets, the balance-sheet base supporting its current operating and cash-flow results. Asset turnover was 0.74x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The first profit layer was $425.22M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross margin was 21.8%, so that share of each revenue unit remained after the cost of revenue reported for the period. The company reported a pretax loss of $444.42M, before the effect of income taxes. Pretax margin was -22.8%, reflecting a pre-tax loss equal to 22.8% of revenue. The reported tax benefit was $12.36M, favorably bridging the pretax and after-tax results.

Liquidity and Capital Structure

Total assets were $2.63B, supported by $1.98B of liabilities and $649.75M of shareholder equity. Current assets were $706.80M against $457.05M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. At 1.55x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Reported cash and equivalents were $173.03M, separating immediately recognizable cash resources from the rest of the current-asset base. The cash balance equaled 37.9% of current liabilities, showing how much near-term coverage came from cash alone. Total debt was $686.66M, establishing the amount of borrowing carried within the company’s capital structure. Against book equity, debt measured 1.06x, placing the company’s financial leverage in clear balance-sheet terms. Relative to total assets, debt measured 26.2%, showing how much of the asset base was matched by borrowing. The equity-to-assets relationship was 24.7%, placing book capital against the total resource base. Liabilities represented 75.3% of total assets, quantifying the liability-funded share of the company’s resource base. Measured against total assets, cash and equivalents represented 6.6%, a balance-sheet composition measure rather than a liquidity forecast. The asset base changed 4.3% from $2.52B in fiscal 2024, leaving current total assets higher year over year. Book equity was 39.4% lower than fiscal 2024 equity of $1.07B, showing how shareholder capital changed year over year. Cash and equivalents were 49.1% lower than fiscal 2024 cash of $339.62M, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

Cash flow from operations was an outflow of $80.00M, showing that operations absorbed cash during the period. Capital expenditures used $244.78M in addition to the operating cash outflow, increasing the total cash consumed by operations and investment during the period. Negative free cash flow was $324.78M, leaving a cash deficit after capital spending and reducing financial flexibility. The free-cash-flow deficit equaled 16.7% of revenue, showing the post-investment cash shortfall relative to sales. The cash deficit after capital spending represented 12.4% of the period-end asset base. Operating cash flow moved from a $74.04M inflow in fiscal 2024 to a $80.00M outflow.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.