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DE Level 33, Central Plaza One 345 Queen Street Brisbane, Queensland AU 4000 61 7 3031 7777 Accelerated Filer true false true 73682480 167645373 <div id="TextBlockContainer2036" style="position:relative;line-height:normal;width:673px;height:67px;"><div id="TextContainer2036" style="position:relative;width:673px;z-index:1;font-size:13.28px;"><div id="a423" style="position:absolute;font-family:'Arial';font-size:11.36px;font-weight:bold;left:203px;top:0px;">DOCUMENTS INCORPORATED BY REFERENCE </div><div id="a432" style="position:absolute;font-family:'Arial';font-size:11.36px;left:4px;top:26px;">Portions<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>registrant’s<div style="display:inline-block;width:6px;white-space:pre"> </div>proxy<div style="display:inline-block;width:5px;white-space:pre"> </div>statement<div style="display:inline-block;width:5px;white-space:pre"> </div>to<div style="display:inline-block;width:5px;white-space:pre"> </div>be<div style="display:inline-block;width:5px;white-space:pre"> </div>filed<div style="display:inline-block;width:5px;white-space:pre"> </div>with<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>Securities<div style="display:inline-block;width:5px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>Exchange<div style="display:inline-block;width:5px;white-space:pre"> </div>Commission<div style="display:inline-block;width:5px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>connection<div style="display:inline-block;width:5px;white-space:pre"> </div>with<div style="display:inline-block;width:5px;white-space:pre"> </div>the </div><div id="a435" style="position:absolute;font-family:'Arial';font-size:11.36px;left:4px;top:39px;">registrant’s 2026 annual<div style="display:inline-block;width:5px;white-space:pre"> </div>general meeting of stockholders<div style="display:inline-block;width:5px;white-space:pre"> </div>are incorporated by reference<div style="display:inline-block;width:5px;white-space:pre"> </div>into Part III of<div style="display:inline-block;width:5px;white-space:pre"> </div>this Annual Report on<div style="display:inline-block;width:5px;white-space:pre"> </div>Form </div><div id="a443" style="position:absolute;font-family:'Arial';font-size:11.36px;left:4px;top:52px;">10-K. Documents incorporated by reference in this report are listed in the Exhibit Index of this<div style="display:inline-block;width:2px;white-space:pre"> </div>Annual Report on Form 10-K.</div></div></div> <div id="TextBlockContainer2045" style="position:relative;line-height:normal;width:676px;height:608px;"><div style="position:absolute; width:202.3px; height:1.4px; left:5px; top:13.7px; background-color:#000000; "> </div> <div id="TextContainer2045" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a13274" style="position:absolute;font-family:'Arial';font-weight:bold;font-style:italic;left:5px;top:0px;">Risk Management and Strategy: </div></div><div id="div_2039_XBRL_TS_c02afab7038c4b80b528c85ba84a04b3" style="position:absolute;left:0px;top:29px;float:left;"><div id="TextBlockContainer2040" style="position:relative;line-height:normal;width:676px;height:124px;"><div id="TextContainer2040" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a13276" style="position:absolute;font-family:'Arial';left:5px;top:0px;">Coronado<div style="display:inline-block;width:7px;white-space:pre"> </div>uses<div style="display:inline-block;width:7px;white-space:pre"> </div>software<div style="display:inline-block;width:8px;white-space:pre"> </div>tools<div style="display:inline-block;width:7px;white-space:pre"> </div>to<div style="display:inline-block;width:7px;white-space:pre"> </div>identify,<div style="display:inline-block;width:8px;white-space:pre"> </div>assess,<div style="display:inline-block;width:8px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>manage<div style="display:inline-block;width:8px;white-space:pre"> </div>material<div style="display:inline-block;width:7px;white-space:pre"> </div>risks<div style="display:inline-block;width:8px;white-space:pre"> </div>from<div style="display:inline-block;width:7px;white-space:pre"> </div>cybersecurity<div style="display:inline-block;width:8px;white-space:pre"> </div>threats. </div><div id="a13280" style="position:absolute;font-family:'Arial';left:5px;top:15px;">Coronado<div style="display:inline-block;width:6px;white-space:pre"> </div>heavily<div style="display:inline-block;width:6px;white-space:pre"> </div>relies<div style="display:inline-block;width:6px;white-space:pre"> </div>on<div style="display:inline-block;width:6px;white-space:pre"> </div>information<div style="display:inline-block;width:6px;white-space:pre"> </div>technology<div style="display:inline-block;width:6px;white-space:pre"> </div>systems<div style="display:inline-block;width:6px;white-space:pre"> </div>throughout<div style="display:inline-block;width:6px;white-space:pre"> </div>its<div style="display:inline-block;width:6px;white-space:pre"> </div>operations<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>acknowledges<div style="display:inline-block;width:6px;white-space:pre"> </div>the </div><div id="a13281" style="position:absolute;font-family:'Arial';left:5px;top:31px;">critical<div style="display:inline-block;width:7px;white-space:pre"> </div>importance<div style="display:inline-block;width:7px;white-space:pre"> </div>of<div style="display:inline-block;width:7px;white-space:pre"> </div>safeguarding<div style="display:inline-block;width:8px;white-space:pre"> </div>its<div style="display:inline-block;width:7px;white-space:pre"> </div>digital<div style="display:inline-block;width:7px;white-space:pre"> </div>assets<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>protecting<div style="display:inline-block;width:7px;white-space:pre"> </div>sensitive<div style="display:inline-block;width:7px;white-space:pre"> </div>information.<div style="display:inline-block;width:7px;white-space:pre"> </div>Regular<div style="display:inline-block;width:7px;white-space:pre"> </div>security </div><div id="a13283" style="position:absolute;font-family:'Arial';left:5px;top:46px;">assessments, including<div style="display:inline-block;width:5px;white-space:pre"> </div>penetration tests,<div style="display:inline-block;width:5px;white-space:pre"> </div>are conducted<div style="display:inline-block;width:5px;white-space:pre"> </div>to monitor<div style="display:inline-block;width:5px;white-space:pre"> </div>our data<div style="display:inline-block;width:5px;white-space:pre"> </div>security against<div style="display:inline-block;width:5px;white-space:pre"> </div>global standards. </div><div id="a13284" style="position:absolute;font-family:'Arial';left:5px;top:61px;">Coronado<div style="display:inline-block;width:8px;white-space:pre"> </div>also<div style="display:inline-block;width:8px;white-space:pre"> </div>maintains<div style="display:inline-block;width:8px;white-space:pre"> </div>a<div style="display:inline-block;width:7px;white-space:pre"> </div>suite<div style="display:inline-block;width:8px;white-space:pre"> </div>of<div style="display:inline-block;width:7px;white-space:pre"> </div>security<div style="display:inline-block;width:8px;white-space:pre"> </div>measures<div style="display:inline-block;width:8px;white-space:pre"> </div>to<div style="display:inline-block;width:7px;white-space:pre"> </div>help<div style="display:inline-block;width:8px;white-space:pre"> </div>defend<div style="display:inline-block;width:8px;white-space:pre"> </div>against<div style="display:inline-block;width:8px;white-space:pre"> </div>unauthorized<div style="display:inline-block;width:8px;white-space:pre"> </div>access<div style="display:inline-block;width:8px;white-space:pre"> </div>and </div><div id="a13285" style="position:absolute;font-family:'Arial';left:5px;top:77px;">misappropriation<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>technology.<div style="display:inline-block;width:7px;white-space:pre"> </div>Additionally,<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Coronado<div style="display:inline-block;width:6px;white-space:pre"> </div>IT<div style="display:inline-block;width:5px;white-space:pre"> </div>department<div style="display:inline-block;width:6px;white-space:pre"> </div>distributes<div style="display:inline-block;width:6px;white-space:pre"> </div>training<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>awareness </div><div id="a13289" style="position:absolute;font-family:'Arial';left:5px;top:92px;">information to personnel covering email<div style="display:inline-block;width:5px;white-space:pre"> </div>security,<div style="display:inline-block;width:5px;white-space:pre"> </div>password security,<div style="display:inline-block;width:5px;white-space:pre"> </div>data handling security,<div style="display:inline-block;width:6px;white-space:pre"> </div>enterprise resource </div><div id="a13290" style="position:absolute;font-family:'Arial';left:5px;top:107px;">planning systems and cloud security.</div></div></div></div><div id="TextContainer2046" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a13293" style="position:absolute;font-family:'Arial';left:5px;top:167px;">Coronado’s cybersecurity<div style="display:inline-block;width:5px;white-space:pre"> </div>risk management<div style="display:inline-block;width:5px;white-space:pre"> </div>is integrated<div style="display:inline-block;width:5px;white-space:pre"> </div>into its Group<div style="display:inline-block;width:6px;white-space:pre"> </div>risk management<div style="display:inline-block;width:5px;white-space:pre"> </div>processes, which<div style="display:inline-block;width:5px;white-space:pre"> </div>are </div><div id="a13294" style="position:absolute;font-family:'Arial';left:5px;top:183px;">governed<div style="display:inline-block;width:5px;white-space:pre"> </div>by<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>Group<div style="display:inline-block;width:6px;white-space:pre"> </div>Risk<div style="display:inline-block;width:6px;white-space:pre"> </div>Management<div style="display:inline-block;width:6px;white-space:pre"> </div>Framework<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>Risk<div style="display:inline-block;width:6px;white-space:pre"> </div>Management<div style="display:inline-block;width:6px;white-space:pre"> </div>Policy.<div style="display:inline-block;width:6px;white-space:pre"> </div>The<div style="display:inline-block;width:6px;white-space:pre"> </div>Risk<div style="display:inline-block;width:6px;white-space:pre"> </div>Management </div><div id="a13295" style="position:absolute;font-family:'Arial';left:5px;top:198px;">Framework and Risk Management Policy outline: </div><div id="a13298" style="position:absolute;font-family:'Arial';left:29px;top:229px;">•<div style="display:inline-block;width:19px;white-space:pre"> </div>Risk management responsibilities; </div><div id="a13303" style="position:absolute;font-family:'Arial';left:29px;top:253px;">•<div style="display:inline-block;width:19px;white-space:pre"> </div>Risk assessment frequency; </div><div id="a13308" style="position:absolute;font-family:'Arial';left:29px;top:276px;">•<div style="display:inline-block;width:19px;white-space:pre"> </div>Risk assessment criteria (likelihood and consequence); </div><div id="a13313" style="position:absolute;font-family:'Arial';left:29px;top:299px;">•<div style="display:inline-block;width:19px;white-space:pre"> </div>The requirement to implement internal controls; and </div><div id="a13317" style="position:absolute;font-family:'Arial';left:29px;top:323px;">•<div style="display:inline-block;width:19px;white-space:pre"> </div>The level within the organization risk assessments are<div style="display:inline-block;width:5px;white-space:pre"> </div>to be performed. </div></div><div id="div_2042_XBRL_TS_3d67513f54224d90a8a742bf81208f29" style="position:absolute;left:0px;top:346px;float:left;"><div id="TextBlockContainer2043" style="position:relative;line-height:normal;width:676px;height:262px;"><div id="TextContainer2043" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a13322" style="position:absolute;font-family:'Arial';left:5px;top:0px;">Certain<div style="display:inline-block;width:5px;white-space:pre"> </div>key<div style="display:inline-block;width:5px;white-space:pre"> </div>controls<div style="display:inline-block;width:5px;white-space:pre"> </div>incorporated<div style="display:inline-block;width:5px;white-space:pre"> </div>into Coronado’s<div style="display:inline-block;width:7px;white-space:pre"> </div>internal control<div style="display:inline-block;width:6px;white-space:pre"> </div>processes<div style="display:inline-block;width:5px;white-space:pre"> </div>are<div style="display:inline-block;width:5px;white-space:pre"> </div>linked to<div style="display:inline-block;width:6px;white-space:pre"> </div>cybersecurity<div style="display:inline-block;width:5px;white-space:pre"> </div>risks, </div><div id="a13326" style="position:absolute;font-family:'Arial';left:5px;top:15px;">including controls<div style="display:inline-block;width:6px;white-space:pre"> </div>over access<div style="display:inline-block;width:6px;white-space:pre"> </div>and change<div style="display:inline-block;width:5px;white-space:pre"> </div>management for<div style="display:inline-block;width:6px;white-space:pre"> </div>key financial<div style="display:inline-block;width:5px;white-space:pre"> </div>systems. Where<div style="display:inline-block;width:6px;white-space:pre"> </div>the management<div style="display:inline-block;width:6px;white-space:pre"> </div>of </div><div id="a13328" style="position:absolute;font-family:'Arial';left:5px;top:31px;">these<div style="display:inline-block;width:8px;white-space:pre"> </div>key<div style="display:inline-block;width:8px;white-space:pre"> </div>financial<div style="display:inline-block;width:8px;white-space:pre"> </div>systems<div style="display:inline-block;width:8px;white-space:pre"> </div>is<div style="display:inline-block;width:8px;white-space:pre"> </div>outsourced<div style="display:inline-block;width:8px;white-space:pre"> </div>to<div style="display:inline-block;width:8px;white-space:pre"> </div>third<div style="display:inline-block;width:8px;white-space:pre"> </div>parties,<div style="display:inline-block;width:8px;white-space:pre"> </div>Coronado<div style="display:inline-block;width:8px;white-space:pre"> </div>obtains<div style="display:inline-block;width:8px;white-space:pre"> </div>assurance<div style="display:inline-block;width:8px;white-space:pre"> </div>reports<div style="display:inline-block;width:8px;white-space:pre"> </div>on<div style="display:inline-block;width:8px;white-space:pre"> </div>the </div><div id="a13329" style="position:absolute;font-family:'Arial';left:5px;top:46px;">effectiveness<div style="display:inline-block;width:8px;white-space:pre"> </div>of<div style="display:inline-block;width:8px;white-space:pre"> </div>key<div style="display:inline-block;width:8px;white-space:pre"> </div>vendor<div style="display:inline-block;width:8px;white-space:pre"> </div>controls.<div style="display:inline-block;width:8px;white-space:pre"> </div>Additionally,<div style="display:inline-block;width:9px;white-space:pre"> </div>Coronado<div style="display:inline-block;width:8px;white-space:pre"> </div>uses<div style="display:inline-block;width:8px;white-space:pre"> </div>third<div style="display:inline-block;width:8px;white-space:pre"> </div>parties<div style="display:inline-block;width:8px;white-space:pre"> </div>to<div style="display:inline-block;width:8px;white-space:pre"> </div>conduct<div style="display:inline-block;width:8px;white-space:pre"> </div>cybersecurity </div><div id="a13332" style="position:absolute;font-family:'Arial';left:5px;top:61px;">penetration testing at Coronado's U.S.<div style="display:inline-block;width:2px;white-space:pre"> </div>and Australian operations. In 2023,<div style="display:inline-block;width:2px;white-space:pre"> </div>Coronado created the Digital Advisory </div><div id="a13333" style="position:absolute;font-family:'Arial';left:5px;top:77px;">Committee, or<div style="display:inline-block;width:6px;white-space:pre"> </div>DAC, which<div style="display:inline-block;width:6px;white-space:pre"> </div>is chaired<div style="display:inline-block;width:6px;white-space:pre"> </div>by the<div style="display:inline-block;width:6px;white-space:pre"> </div>Vice President<div style="display:inline-block;width:6px;white-space:pre"> </div>of Information<div style="display:inline-block;width:6px;white-space:pre"> </div>Technology.<div style="display:inline-block;width:8px;white-space:pre"> </div>As part<div style="display:inline-block;width:6px;white-space:pre"> </div>of Coronado’s </div><div id="a13336" style="position:absolute;font-family:'Arial';left:5px;top:92px;">processes to </div><div id="a13336_13_20" style="position:absolute;font-family:'Arial';left:85px;top:92px;">oversee and identify</div><div id="a13336_33_50" style="position:absolute;font-family:'Arial';left:206px;top:92px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>cybersecurity threats<div style="display:inline-block;width:5px;white-space:pre"> </div>associated with<div style="display:inline-block;width:5px;white-space:pre"> </div>its use of </div><div id="a13336_83_11" style="position:absolute;font-family:'Arial';left:493px;top:92px;">third-party</div><div id="a13336_94_20" style="position:absolute;font-family:'Arial';left:553px;top:92px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>service providers, </div><div id="a13339" style="position:absolute;font-family:'Arial';left:5px;top:107px;">the<div style="display:inline-block;width:7px;white-space:pre"> </div>DAC<div style="display:inline-block;width:7px;white-space:pre"> </div>is<div style="display:inline-block;width:7px;white-space:pre"> </div>tasked<div style="display:inline-block;width:7px;white-space:pre"> </div>with<div style="display:inline-block;width:7px;white-space:pre"> </div>reviewing<div style="display:inline-block;width:7px;white-space:pre"> </div>new<div style="display:inline-block;width:7px;white-space:pre"> </div>software<div style="display:inline-block;width:7px;white-space:pre"> </div>requests<div style="display:inline-block;width:7px;white-space:pre"> </div>from<div style="display:inline-block;width:7px;white-space:pre"> </div>Coronado’s<div style="display:inline-block;width:7px;white-space:pre"> </div>various<div style="display:inline-block;width:7px;white-space:pre"> </div>divisions.<div style="display:inline-block;width:7px;white-space:pre"> </div>The<div style="display:inline-block;width:7px;white-space:pre"> </div>DAC<div style="display:inline-block;width:7px;white-space:pre"> </div>is </div><div id="a13346" style="position:absolute;font-family:'Arial';left:5px;top:123px;">comprised<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>business<div style="display:inline-block;width:6px;white-space:pre"> </div>systems,<div style="display:inline-block;width:6px;white-space:pre"> </div>plant<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>operational<div style="display:inline-block;width:6px;white-space:pre"> </div>personnel<div style="display:inline-block;width:6px;white-space:pre"> </div>from<div style="display:inline-block;width:6px;white-space:pre"> </div>both<div style="display:inline-block;width:6px;white-space:pre"> </div>Coronado’s<div style="display:inline-block;width:6px;white-space:pre"> </div>U.S.<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>Australian </div><div id="a13347" style="position:absolute;font-family:'Arial';left:5px;top:138px;">operations. </div><div id="a13349" style="position:absolute;font-family:'Arial';left:5px;top:153px;">As of the<div style="display:inline-block;width:2px;white-space:pre"> </div>filing of this<div style="display:inline-block;width:2px;white-space:pre"> </div>Annual Report on<div style="display:inline-block;width:2px;white-space:pre"> </div>Form 10-K, Coronado<div style="display:inline-block;width:2px;white-space:pre"> </div>is not aware<div style="display:inline-block;width:2px;white-space:pre"> </div>of any risks<div style="display:inline-block;width:2px;white-space:pre"> </div>from cybersecurity threats, </div><div id="a13355" style="position:absolute;font-family:'Arial';left:5px;top:169px;">including as a result of any previous cybersecurity incidents<div style="display:inline-block;width:5px;white-space:pre"> </div>that have occurred since the beginning of 2025<div style="display:inline-block;width:5px;white-space:pre"> </div>that </div><div id="a13357" style="position:absolute;font-family:'Arial';left:5px;top:184px;">have materially affected,<div style="display:inline-block;width:6px;white-space:pre"> </div>or are reasonably<div style="display:inline-block;width:5px;white-space:pre"> </div>likely to </div><div id="a13357_54_10" style="position:absolute;font-family:'Arial';left:313px;top:184px;">materially</div><div id="a13357_64_49" style="position:absolute;font-family:'Arial';left:370px;top:184px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>affect, Coronado,<div style="display:inline-block;width:5px;white-space:pre"> </div>including Coronado’s<div style="display:inline-block;width:5px;white-space:pre"> </div>business </div><div id="a13360" style="position:absolute;font-family:'Arial';left:5px;top:199px;">strategy, results<div style="display:inline-block;width:5px;white-space:pre"> </div>of operations or financial condition. Coronado<div style="display:inline-block;width:5px;white-space:pre"> </div>could be subject to cybersecurity<div style="display:inline-block;width:5px;white-space:pre"> </div>incidents in the </div><div id="a13361" style="position:absolute;font-family:'Arial';left:5px;top:215px;">future<div style="display:inline-block;width:6px;white-space:pre"> </div>which<div style="display:inline-block;width:6px;white-space:pre"> </div>may<div style="display:inline-block;width:6px;white-space:pre"> </div>have<div style="display:inline-block;width:6px;white-space:pre"> </div>a<div style="display:inline-block;width:6px;white-space:pre"> </div>material<div style="display:inline-block;width:6px;white-space:pre"> </div>adverse<div style="display:inline-block;width:6px;white-space:pre"> </div>effect<div style="display:inline-block;width:6px;white-space:pre"> </div>on<div style="display:inline-block;width:6px;white-space:pre"> </div>Coronado’s<div style="display:inline-block;width:6px;white-space:pre"> </div>business<div style="display:inline-block;width:6px;white-space:pre"> </div>strategy,<div style="display:inline-block;width:7px;white-space:pre"> </div>results<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>operations<div style="display:inline-block;width:6px;white-space:pre"> </div>or </div><div id="a13363" style="position:absolute;font-family:'Arial';left:5px;top:230px;">financial condition. For<div style="display:inline-block;width:6px;white-space:pre"> </div>further information<div style="display:inline-block;width:5px;white-space:pre"> </div>on Coronado’s<div style="display:inline-block;width:5px;white-space:pre"> </div>risks relating to<div style="display:inline-block;width:5px;white-space:pre"> </div>cybersecurity threats,<div style="display:inline-block;width:5px;white-space:pre"> </div>see “Operation </div><div id="a13364" style="position:absolute;font-family:'Arial';left:5px;top:245px;">and Technology<div style="display:inline-block;width:5px;white-space:pre"> </div>Risks” in the “Risk Factors” section of this Form<div style="display:inline-block;width:5px;white-space:pre"> </div>10-K.</div></div></div></div></div> <div id="TextBlockContainer2040" style="position:relative;line-height:normal;width:676px;height:124px;"><div id="TextContainer2040" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a13276" style="position:absolute;font-family:'Arial';left:5px;top:0px;">Coronado<div style="display:inline-block;width:7px;white-space:pre"> </div>uses<div style="display:inline-block;width:7px;white-space:pre"> </div>software<div style="display:inline-block;width:8px;white-space:pre"> </div>tools<div style="display:inline-block;width:7px;white-space:pre"> </div>to<div style="display:inline-block;width:7px;white-space:pre"> </div>identify,<div style="display:inline-block;width:8px;white-space:pre"> </div>assess,<div style="display:inline-block;width:8px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>manage<div style="display:inline-block;width:8px;white-space:pre"> </div>material<div style="display:inline-block;width:7px;white-space:pre"> </div>risks<div style="display:inline-block;width:8px;white-space:pre"> </div>from<div style="display:inline-block;width:7px;white-space:pre"> </div>cybersecurity<div style="display:inline-block;width:8px;white-space:pre"> </div>threats. </div><div id="a13280" style="position:absolute;font-family:'Arial';left:5px;top:15px;">Coronado<div style="display:inline-block;width:6px;white-space:pre"> </div>heavily<div style="display:inline-block;width:6px;white-space:pre"> </div>relies<div style="display:inline-block;width:6px;white-space:pre"> </div>on<div style="display:inline-block;width:6px;white-space:pre"> </div>information<div style="display:inline-block;width:6px;white-space:pre"> </div>technology<div style="display:inline-block;width:6px;white-space:pre"> </div>systems<div style="display:inline-block;width:6px;white-space:pre"> </div>throughout<div style="display:inline-block;width:6px;white-space:pre"> </div>its<div style="display:inline-block;width:6px;white-space:pre"> </div>operations<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>acknowledges<div style="display:inline-block;width:6px;white-space:pre"> </div>the </div><div id="a13281" style="position:absolute;font-family:'Arial';left:5px;top:31px;">critical<div style="display:inline-block;width:7px;white-space:pre"> </div>importance<div style="display:inline-block;width:7px;white-space:pre"> </div>of<div style="display:inline-block;width:7px;white-space:pre"> </div>safeguarding<div style="display:inline-block;width:8px;white-space:pre"> </div>its<div style="display:inline-block;width:7px;white-space:pre"> </div>digital<div style="display:inline-block;width:7px;white-space:pre"> </div>assets<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>protecting<div style="display:inline-block;width:7px;white-space:pre"> </div>sensitive<div style="display:inline-block;width:7px;white-space:pre"> </div>information.<div style="display:inline-block;width:7px;white-space:pre"> </div>Regular<div style="display:inline-block;width:7px;white-space:pre"> </div>security </div><div id="a13283" style="position:absolute;font-family:'Arial';left:5px;top:46px;">assessments, including<div style="display:inline-block;width:5px;white-space:pre"> </div>penetration tests,<div style="display:inline-block;width:5px;white-space:pre"> </div>are conducted<div style="display:inline-block;width:5px;white-space:pre"> </div>to monitor<div style="display:inline-block;width:5px;white-space:pre"> </div>our data<div style="display:inline-block;width:5px;white-space:pre"> </div>security against<div style="display:inline-block;width:5px;white-space:pre"> </div>global standards. </div><div id="a13284" style="position:absolute;font-family:'Arial';left:5px;top:61px;">Coronado<div style="display:inline-block;width:8px;white-space:pre"> </div>also<div style="display:inline-block;width:8px;white-space:pre"> </div>maintains<div style="display:inline-block;width:8px;white-space:pre"> </div>a<div style="display:inline-block;width:7px;white-space:pre"> </div>suite<div style="display:inline-block;width:8px;white-space:pre"> </div>of<div style="display:inline-block;width:7px;white-space:pre"> </div>security<div style="display:inline-block;width:8px;white-space:pre"> </div>measures<div style="display:inline-block;width:8px;white-space:pre"> </div>to<div style="display:inline-block;width:7px;white-space:pre"> </div>help<div style="display:inline-block;width:8px;white-space:pre"> </div>defend<div style="display:inline-block;width:8px;white-space:pre"> </div>against<div style="display:inline-block;width:8px;white-space:pre"> </div>unauthorized<div style="display:inline-block;width:8px;white-space:pre"> </div>access<div style="display:inline-block;width:8px;white-space:pre"> </div>and </div><div id="a13285" style="position:absolute;font-family:'Arial';left:5px;top:77px;">misappropriation<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>technology.<div style="display:inline-block;width:7px;white-space:pre"> </div>Additionally,<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Coronado<div style="display:inline-block;width:6px;white-space:pre"> </div>IT<div style="display:inline-block;width:5px;white-space:pre"> </div>department<div style="display:inline-block;width:6px;white-space:pre"> </div>distributes<div style="display:inline-block;width:6px;white-space:pre"> </div>training<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>awareness </div><div id="a13289" style="position:absolute;font-family:'Arial';left:5px;top:92px;">information to personnel covering email<div style="display:inline-block;width:5px;white-space:pre"> </div>security,<div style="display:inline-block;width:5px;white-space:pre"> </div>password security,<div style="display:inline-block;width:5px;white-space:pre"> </div>data handling security,<div style="display:inline-block;width:6px;white-space:pre"> </div>enterprise resource </div><div id="a13290" style="position:absolute;font-family:'Arial';left:5px;top:107px;">planning systems and cloud security.</div></div></div> <div id="TextBlockContainer2043" style="position:relative;line-height:normal;width:676px;height:262px;"><div id="TextContainer2043" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a13322" style="position:absolute;font-family:'Arial';left:5px;top:0px;">Certain<div style="display:inline-block;width:5px;white-space:pre"> </div>key<div style="display:inline-block;width:5px;white-space:pre"> </div>controls<div style="display:inline-block;width:5px;white-space:pre"> </div>incorporated<div style="display:inline-block;width:5px;white-space:pre"> </div>into Coronado’s<div style="display:inline-block;width:7px;white-space:pre"> </div>internal control<div style="display:inline-block;width:6px;white-space:pre"> </div>processes<div style="display:inline-block;width:5px;white-space:pre"> </div>are<div style="display:inline-block;width:5px;white-space:pre"> </div>linked to<div style="display:inline-block;width:6px;white-space:pre"> </div>cybersecurity<div style="display:inline-block;width:5px;white-space:pre"> </div>risks, </div><div id="a13326" style="position:absolute;font-family:'Arial';left:5px;top:15px;">including controls<div style="display:inline-block;width:6px;white-space:pre"> </div>over access<div style="display:inline-block;width:6px;white-space:pre"> </div>and change<div style="display:inline-block;width:5px;white-space:pre"> </div>management for<div style="display:inline-block;width:6px;white-space:pre"> </div>key financial<div style="display:inline-block;width:5px;white-space:pre"> </div>systems. Where<div style="display:inline-block;width:6px;white-space:pre"> </div>the management<div style="display:inline-block;width:6px;white-space:pre"> </div>of </div><div id="a13328" style="position:absolute;font-family:'Arial';left:5px;top:31px;">these<div style="display:inline-block;width:8px;white-space:pre"> </div>key<div style="display:inline-block;width:8px;white-space:pre"> </div>financial<div style="display:inline-block;width:8px;white-space:pre"> </div>systems<div style="display:inline-block;width:8px;white-space:pre"> </div>is<div style="display:inline-block;width:8px;white-space:pre"> </div>outsourced<div style="display:inline-block;width:8px;white-space:pre"> </div>to<div style="display:inline-block;width:8px;white-space:pre"> </div>third<div style="display:inline-block;width:8px;white-space:pre"> </div>parties,<div style="display:inline-block;width:8px;white-space:pre"> </div>Coronado<div style="display:inline-block;width:8px;white-space:pre"> </div>obtains<div style="display:inline-block;width:8px;white-space:pre"> </div>assurance<div style="display:inline-block;width:8px;white-space:pre"> </div>reports<div style="display:inline-block;width:8px;white-space:pre"> </div>on<div style="display:inline-block;width:8px;white-space:pre"> </div>the </div><div id="a13329" style="position:absolute;font-family:'Arial';left:5px;top:46px;">effectiveness<div style="display:inline-block;width:8px;white-space:pre"> </div>of<div style="display:inline-block;width:8px;white-space:pre"> </div>key<div style="display:inline-block;width:8px;white-space:pre"> </div>vendor<div style="display:inline-block;width:8px;white-space:pre"> </div>controls.<div style="display:inline-block;width:8px;white-space:pre"> </div>Additionally,<div style="display:inline-block;width:9px;white-space:pre"> </div>Coronado<div style="display:inline-block;width:8px;white-space:pre"> </div>uses<div style="display:inline-block;width:8px;white-space:pre"> </div>third<div style="display:inline-block;width:8px;white-space:pre"> </div>parties<div style="display:inline-block;width:8px;white-space:pre"> </div>to<div style="display:inline-block;width:8px;white-space:pre"> </div>conduct<div style="display:inline-block;width:8px;white-space:pre"> </div>cybersecurity </div><div id="a13332" style="position:absolute;font-family:'Arial';left:5px;top:61px;">penetration testing at Coronado's U.S.<div style="display:inline-block;width:2px;white-space:pre"> </div>and Australian operations. In 2023,<div style="display:inline-block;width:2px;white-space:pre"> </div>Coronado created the Digital Advisory </div><div id="a13333" style="position:absolute;font-family:'Arial';left:5px;top:77px;">Committee, or<div style="display:inline-block;width:6px;white-space:pre"> </div>DAC, which<div style="display:inline-block;width:6px;white-space:pre"> </div>is chaired<div style="display:inline-block;width:6px;white-space:pre"> </div>by the<div style="display:inline-block;width:6px;white-space:pre"> </div>Vice President<div style="display:inline-block;width:6px;white-space:pre"> </div>of Information<div style="display:inline-block;width:6px;white-space:pre"> </div>Technology.<div style="display:inline-block;width:8px;white-space:pre"> </div>As part<div style="display:inline-block;width:6px;white-space:pre"> </div>of Coronado’s </div><div id="a13336" style="position:absolute;font-family:'Arial';left:5px;top:92px;">processes to </div><div id="a13336_13_20" style="position:absolute;font-family:'Arial';left:85px;top:92px;">oversee and identify</div><div id="a13336_33_50" style="position:absolute;font-family:'Arial';left:206px;top:92px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>cybersecurity threats<div style="display:inline-block;width:5px;white-space:pre"> </div>associated with<div style="display:inline-block;width:5px;white-space:pre"> </div>its use of </div><div id="a13336_83_11" style="position:absolute;font-family:'Arial';left:493px;top:92px;">third-party</div><div id="a13336_94_20" style="position:absolute;font-family:'Arial';left:553px;top:92px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>service providers, </div><div id="a13339" style="position:absolute;font-family:'Arial';left:5px;top:107px;">the<div style="display:inline-block;width:7px;white-space:pre"> </div>DAC<div style="display:inline-block;width:7px;white-space:pre"> </div>is<div style="display:inline-block;width:7px;white-space:pre"> </div>tasked<div style="display:inline-block;width:7px;white-space:pre"> </div>with<div style="display:inline-block;width:7px;white-space:pre"> </div>reviewing<div style="display:inline-block;width:7px;white-space:pre"> </div>new<div style="display:inline-block;width:7px;white-space:pre"> </div>software<div style="display:inline-block;width:7px;white-space:pre"> </div>requests<div style="display:inline-block;width:7px;white-space:pre"> </div>from<div style="display:inline-block;width:7px;white-space:pre"> </div>Coronado’s<div style="display:inline-block;width:7px;white-space:pre"> </div>various<div style="display:inline-block;width:7px;white-space:pre"> </div>divisions.<div style="display:inline-block;width:7px;white-space:pre"> </div>The<div style="display:inline-block;width:7px;white-space:pre"> </div>DAC<div style="display:inline-block;width:7px;white-space:pre"> </div>is </div><div id="a13346" style="position:absolute;font-family:'Arial';left:5px;top:123px;">comprised<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>business<div style="display:inline-block;width:6px;white-space:pre"> </div>systems,<div style="display:inline-block;width:6px;white-space:pre"> </div>plant<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>operational<div style="display:inline-block;width:6px;white-space:pre"> </div>personnel<div style="display:inline-block;width:6px;white-space:pre"> </div>from<div style="display:inline-block;width:6px;white-space:pre"> </div>both<div style="display:inline-block;width:6px;white-space:pre"> </div>Coronado’s<div style="display:inline-block;width:6px;white-space:pre"> </div>U.S.<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>Australian </div><div id="a13347" style="position:absolute;font-family:'Arial';left:5px;top:138px;">operations. </div><div id="a13349" style="position:absolute;font-family:'Arial';left:5px;top:153px;">As of the<div style="display:inline-block;width:2px;white-space:pre"> </div>filing of this<div style="display:inline-block;width:2px;white-space:pre"> </div>Annual Report on<div style="display:inline-block;width:2px;white-space:pre"> </div>Form 10-K, Coronado<div style="display:inline-block;width:2px;white-space:pre"> </div>is not aware<div style="display:inline-block;width:2px;white-space:pre"> </div>of any risks<div style="display:inline-block;width:2px;white-space:pre"> </div>from cybersecurity threats, </div><div id="a13355" style="position:absolute;font-family:'Arial';left:5px;top:169px;">including as a result of any previous cybersecurity incidents<div style="display:inline-block;width:5px;white-space:pre"> </div>that have occurred since the beginning of 2025<div style="display:inline-block;width:5px;white-space:pre"> </div>that </div><div id="a13357" style="position:absolute;font-family:'Arial';left:5px;top:184px;">have materially affected,<div style="display:inline-block;width:6px;white-space:pre"> </div>or are reasonably<div style="display:inline-block;width:5px;white-space:pre"> </div>likely to </div><div id="a13357_54_10" style="position:absolute;font-family:'Arial';left:313px;top:184px;">materially</div><div id="a13357_64_49" style="position:absolute;font-family:'Arial';left:370px;top:184px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>affect, Coronado,<div style="display:inline-block;width:5px;white-space:pre"> </div>including Coronado’s<div style="display:inline-block;width:5px;white-space:pre"> </div>business </div><div id="a13360" style="position:absolute;font-family:'Arial';left:5px;top:199px;">strategy, results<div style="display:inline-block;width:5px;white-space:pre"> </div>of operations or financial condition. Coronado<div style="display:inline-block;width:5px;white-space:pre"> </div>could be subject to cybersecurity<div style="display:inline-block;width:5px;white-space:pre"> </div>incidents in the </div><div id="a13361" style="position:absolute;font-family:'Arial';left:5px;top:215px;">future<div style="display:inline-block;width:6px;white-space:pre"> </div>which<div style="display:inline-block;width:6px;white-space:pre"> </div>may<div style="display:inline-block;width:6px;white-space:pre"> </div>have<div style="display:inline-block;width:6px;white-space:pre"> </div>a<div style="display:inline-block;width:6px;white-space:pre"> </div>material<div style="display:inline-block;width:6px;white-space:pre"> </div>adverse<div style="display:inline-block;width:6px;white-space:pre"> </div>effect<div style="display:inline-block;width:6px;white-space:pre"> </div>on<div style="display:inline-block;width:6px;white-space:pre"> </div>Coronado’s<div style="display:inline-block;width:6px;white-space:pre"> </div>business<div style="display:inline-block;width:6px;white-space:pre"> </div>strategy,<div style="display:inline-block;width:7px;white-space:pre"> </div>results<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>operations<div style="display:inline-block;width:6px;white-space:pre"> </div>or </div><div id="a13363" style="position:absolute;font-family:'Arial';left:5px;top:230px;">financial condition. For<div style="display:inline-block;width:6px;white-space:pre"> </div>further information<div style="display:inline-block;width:5px;white-space:pre"> </div>on Coronado’s<div style="display:inline-block;width:5px;white-space:pre"> </div>risks relating to<div style="display:inline-block;width:5px;white-space:pre"> </div>cybersecurity threats,<div style="display:inline-block;width:5px;white-space:pre"> </div>see “Operation </div><div id="a13364" style="position:absolute;font-family:'Arial';left:5px;top:245px;">and Technology<div style="display:inline-block;width:5px;white-space:pre"> </div>Risks” in the “Risk Factors” section of this Form<div style="display:inline-block;width:5px;white-space:pre"> </div>10-K.</div></div></div> true true true <div id="TextBlockContainer2064" style="position:relative;line-height:normal;width:676px;height:183px;"><div style="position:absolute; width:81.6px; height:1.4px; left:8.7px; top:13.7px; background-color:#000000; "> </div> <div id="TextContainer2064" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a13375" style="position:absolute;font-family:'Arial';font-weight:bold;font-style:italic;left:9px;top:0px;">Governance: </div></div><div id="div_2050_XBRL_TS_94caf7c14c7349928aa99c8c0a8b09bb" style="position:absolute;left:0px;top:29px;float:left;"><div id="TextBlockContainer2061" style="position:relative;line-height:normal;width:676px;height:155px;"><div id="div_2051_XBRL_TS_b987a3a5429342ef8bc34cfe765ee580" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2052" style="position:relative;line-height:normal;width:676px;height:109px;"><div id="TextContainer2052" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a13377" style="position:absolute;font-family:'Arial';left:5px;top:0px;">The<div style="display:inline-block;width:6px;white-space:pre"> </div>Board<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>Directors<div style="display:inline-block;width:6px;white-space:pre"> </div>is<div style="display:inline-block;width:6px;white-space:pre"> </div>responsible<div style="display:inline-block;width:6px;white-space:pre"> </div>for<div style="display:inline-block;width:6px;white-space:pre"> </div>reviewing,<div style="display:inline-block;width:6px;white-space:pre"> </div>ratifying,<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>monitoring<div style="display:inline-block;width:6px;white-space:pre"> </div>systems<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>risk<div style="display:inline-block;width:6px;white-space:pre"> </div>management, </div><div id="a13378" style="position:absolute;font-family:'Arial';left:5px;top:15px;">internal<div style="display:inline-block;width:7px;white-space:pre"> </div>control,<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>legal<div style="display:inline-block;width:7px;white-space:pre"> </div>compliance.<div style="display:inline-block;width:7px;white-space:pre"> </div>This<div style="display:inline-block;width:7px;white-space:pre"> </div>includes<div style="display:inline-block;width:7px;white-space:pre"> </div>identifying<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>main<div style="display:inline-block;width:7px;white-space:pre"> </div>risks<div style="display:inline-block;width:7px;white-space:pre"> </div>associated<div style="display:inline-block;width:7px;white-space:pre"> </div>with<div style="display:inline-block;width:7px;white-space:pre"> </div>Coronado's </div><div id="a13379" style="position:absolute;font-family:'Arial';left:5px;top:31px;">businesses,<div style="display:inline-block;width:7px;white-space:pre"> </div>including<div style="display:inline-block;width:7px;white-space:pre"> </div>cybersecurity<div style="display:inline-block;width:7px;white-space:pre"> </div>risk,<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>implementing<div style="display:inline-block;width:7px;white-space:pre"> </div>appropriate<div style="display:inline-block;width:7px;white-space:pre"> </div>systems<div style="display:inline-block;width:7px;white-space:pre"> </div>to<div style="display:inline-block;width:7px;white-space:pre"> </div>manage<div style="display:inline-block;width:7px;white-space:pre"> </div>such<div style="display:inline-block;width:7px;white-space:pre"> </div>risks.<div style="display:inline-block;width:7px;white-space:pre"> </div>As </div><div id="a13382" style="position:absolute;font-family:'Arial';left:5px;top:46px;">outlined in<div style="display:inline-block;width:5px;white-space:pre"> </div>the charter<div style="display:inline-block;width:5px;white-space:pre"> </div>of the<div style="display:inline-block;width:5px;white-space:pre"> </div>Audit Governance<div style="display:inline-block;width:6px;white-space:pre"> </div>and Risk<div style="display:inline-block;width:5px;white-space:pre"> </div>Committee, or<div style="display:inline-block;width:5px;white-space:pre"> </div>the AGRC,<div style="display:inline-block;width:5px;white-space:pre"> </div>the Board<div style="display:inline-block;width:5px;white-space:pre"> </div>of Directors<div style="display:inline-block;width:5px;white-space:pre"> </div>has </div><div id="a13390" style="position:absolute;font-family:'Arial';left:5px;top:61px;">delegated to the<div style="display:inline-block;width:5px;white-space:pre"> </div>AGRC responsibility for<div style="display:inline-block;width:5px;white-space:pre"> </div>overseeing corporate and<div style="display:inline-block;width:6px;white-space:pre"> </div>governance risk management,<div style="display:inline-block;width:5px;white-space:pre"> </div>financial risk </div><div id="a13392" style="position:absolute;font-family:'Arial';left:5px;top:77px;">management, and compliance<div style="display:inline-block;width:5px;white-space:pre"> </div>with applicable laws,<div style="display:inline-block;width:5px;white-space:pre"> </div>regulations, standards,<div style="display:inline-block;width:5px;white-space:pre"> </div>and best practice<div style="display:inline-block;width:5px;white-space:pre"> </div>guidelines, which </div><div id="a13394" style="position:absolute;font-family:'Arial';left:5px;top:92px;">includes the oversight of cybersecurity risk.</div></div></div></div><div id="TextContainer2061" style="position:relative;width:676px;z-index:1;font-size:13.28px;"></div><div id="div_2054_XBRL_TS_3be91b8890fc40fda69eac7d135cebcf" style="position:absolute;left:0px;top:92px;float:left;"><div id="TextBlockContainer2058" style="position:relative;line-height:normal;width:676px;height:63px;"><div id="TextContainer2058" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a13394_46_65" style="position:absolute;font-family:'Arial';left:262px;top:0px;">The AGRC is informed of cybersecurity risks by management, which </div><div id="a13397" style="position:absolute;font-family:'Arial';left:5px;top:15px;">includes an<div style="display:inline-block;width:2px;white-space:pre"> </div>annual cybersecurity risk<div style="display:inline-block;width:2px;white-space:pre"> </div>presentation. </div></div><div id="div_2055_XBRL_TS_1d5622ec6c884e78b409a0ad30445397" style="position:absolute;left:0px;top:15px;float:left;"><div id="TextBlockContainer2056" style="position:relative;line-height:normal;width:676px;height:47px;"><div id="TextContainer2056" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a13397_52_27" style="position:absolute;font-family:'Arial';left:302px;top:0px;">As part<div style="display:inline-block;width:2px;white-space:pre"> </div>of their<div style="display:inline-block;width:2px;white-space:pre"> </div>review of </div><div id="a13397_79_7" style="position:absolute;font-family:'Arial';left:445px;top:0px;">reports</div><div id="a13397_86_22" style="position:absolute;font-family:'Arial';left:486px;top:0px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>from management,<div style="display:inline-block;width:2px;white-space:pre"> </div>the </div><div id="a13397_108_5" style="position:absolute;font-family:'Arial';left:624px;top:0px;">AGRC </div><div id="a13399" style="position:absolute;font-family:'Arial';left:5px;top:15px;">and IT function</div><div id="a13399_15_100" style="position:absolute;font-family:'Arial';left:92px;top:15px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>provide cybersecurity risk updates to<div style="display:inline-block;width:2px;white-space:pre"> </div>the Board of Directors,<div style="display:inline-block;width:2px;white-space:pre"> </div>which enables the Board<div style="display:inline-block;width:2px;white-space:pre"> </div>of Directors </div><div id="a13404" style="position:absolute;font-family:'Arial';left:5px;top:31px;">to incorporate the insights of such reports into its overall<div style="display:inline-block;width:5px;white-space:pre"> </div>risk oversight analysis.</div></div></div></div></div></div></div></div><div id="TextContainer2065" style="position:relative;width:676px;z-index:1;font-size:13.28px;"></div></div><div id="TextBlockContainer2071" style="position:relative;line-height:normal;width:676px;height:199px;"><div style="position:absolute; width:115.9px; height:1.1px; left:5px; top:-30.2px; background-color:#0563C1; "> </div> <div id="div_2068_XBRL_TS_c86e36cb9c14447f99cf4cc23a869b29" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2069" style="position:relative;line-height:normal;width:676px;height:199px;"><div id="TextContainer2069" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a13414" style="position:absolute;font-family:'Arial';left:5px;top:0px;">Supporting this governance<div style="display:inline-block;width:6px;white-space:pre"> </div>framework, the<div style="display:inline-block;width:5px;white-space:pre"> </div>Executive Leadership<div style="display:inline-block;width:5px;white-space:pre"> </div>Team,<div style="display:inline-block;width:6px;white-space:pre"> </div>or ELT,<div style="display:inline-block;width:7px;white-space:pre"> </div>is responsible<div style="display:inline-block;width:5px;white-space:pre"> </div>for maintaining </div><div id="a13415" style="position:absolute;font-family:'Arial';left:5px;top:15px;">effective<div style="display:inline-block;width:8px;white-space:pre"> </div>systems<div style="display:inline-block;width:8px;white-space:pre"> </div>of<div style="display:inline-block;width:7px;white-space:pre"> </div>risk<div style="display:inline-block;width:8px;white-space:pre"> </div>management<div style="display:inline-block;width:8px;white-space:pre"> </div>and<div style="display:inline-block;width:8px;white-space:pre"> </div>internal<div style="display:inline-block;width:8px;white-space:pre"> </div>control.<div style="display:inline-block;width:8px;white-space:pre"> </div>Within<div style="display:inline-block;width:7px;white-space:pre"> </div>this<div style="display:inline-block;width:7px;white-space:pre"> </div>framework,<div style="display:inline-block;width:8px;white-space:pre"> </div>the<div style="display:inline-block;width:8px;white-space:pre"> </div>Vice<div style="display:inline-block;width:8px;white-space:pre"> </div>President<div style="display:inline-block;width:8px;white-space:pre"> </div>of </div><div id="a13416" style="position:absolute;font-family:'Arial';left:5px;top:31px;">Information<div style="display:inline-block;width:8px;white-space:pre"> </div>Technology<div style="display:inline-block;width:10px;white-space:pre"> </div>is<div style="display:inline-block;width:8px;white-space:pre"> </div>responsible<div style="display:inline-block;width:8px;white-space:pre"> </div>for<div style="display:inline-block;width:8px;white-space:pre"> </div>the<div style="display:inline-block;width:8px;white-space:pre"> </div>cybersecurity<div style="display:inline-block;width:9px;white-space:pre"> </div>function.<div style="display:inline-block;width:8px;white-space:pre"> </div>The<div style="display:inline-block;width:8px;white-space:pre"> </div>Vice<div style="display:inline-block;width:9px;white-space:pre"> </div>President<div style="display:inline-block;width:8px;white-space:pre"> </div>of<div style="display:inline-block;width:8px;white-space:pre"> </div>Information </div><div id="a13418" style="position:absolute;font-family:'Arial';left:5px;top:46px;">Technology has experience in various roles involving managing information systems and cybersecurity functions </div><div id="a13419" style="position:absolute;font-family:'Arial';left:5px;top:61px;">and<div style="display:inline-block;width:5px;white-space:pre"> </div>developing<div style="display:inline-block;width:6px;white-space:pre"> </div>cybersecurity<div style="display:inline-block;width:6px;white-space:pre"> </div>strategies.<div style="display:inline-block;width:6px;white-space:pre"> </div>The<div style="display:inline-block;width:6px;white-space:pre"> </div>Vice<div style="display:inline-block;width:6px;white-space:pre"> </div>President<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>Information<div style="display:inline-block;width:6px;white-space:pre"> </div>Technology<div style="display:inline-block;width:7px;white-space:pre"> </div>reports<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Group </div><div id="a13421" style="position:absolute;font-family:'Arial';left:5px;top:77px;">Chief Financial Officer,<div style="display:inline-block;width:5px;white-space:pre"> </div>or Group CFO, who is a member of the ELT<div style="display:inline-block;width:2px;white-space:pre"> </div>.<div style="display:inline-block;width:4px;white-space:pre"> </div></div><div id="a13424" style="position:absolute;font-family:'Arial';left:5px;top:105px;">In order to prevent, detect, mitigate and<div style="display:inline-block;width:2px;white-space:pre"> </div>remediate cybersecurity incidents, Coronado maintains a Cyber Incident </div><div id="a13425" style="position:absolute;font-family:'Arial';left:5px;top:121px;">Response Plan, or the Plan.<div style="display:inline-block;width:5px;white-space:pre"> </div>The Plan outlines Coronado's<div style="display:inline-block;width:5px;white-space:pre"> </div>approach to identifying and<div style="display:inline-block;width:5px;white-space:pre"> </div>containing cybersecurity </div><div id="a13428" style="position:absolute;font-family:'Arial';left:5px;top:136px;">incidents, along with recovery<div style="display:inline-block;width:6px;white-space:pre"> </div>and improvement processes.<div style="display:inline-block;width:5px;white-space:pre"> </div>The Plan includes incident<div style="display:inline-block;width:5px;white-space:pre"> </div>assessment criteria that </div><div id="a13429" style="position:absolute;font-family:'Arial';left:5px;top:151px;">allow for<div style="display:inline-block;width:5px;white-space:pre"> </div>escalation of<div style="display:inline-block;width:6px;white-space:pre"> </div>potentially material<div style="display:inline-block;width:6px;white-space:pre"> </div>cybersecurity<div style="display:inline-block;width:5px;white-space:pre"> </div>incidents. The<div style="display:inline-block;width:5px;white-space:pre"> </div>Group CFO<div style="display:inline-block;width:6px;white-space:pre"> </div>reports to<div style="display:inline-block;width:5px;white-space:pre"> </div>the AGRC<div style="display:inline-block;width:5px;white-space:pre"> </div>in the </div><div id="a13432" style="position:absolute;font-family:'Arial';left:5px;top:167px;">event<div style="display:inline-block;width:8px;white-space:pre"> </div>of<div style="display:inline-block;width:8px;white-space:pre"> </div>a<div style="display:inline-block;width:8px;white-space:pre"> </div>potentially<div style="display:inline-block;width:8px;white-space:pre"> </div>material<div style="display:inline-block;width:8px;white-space:pre"> </div>cybersecurity<div style="display:inline-block;width:8px;white-space:pre"> </div>incident.<div style="display:inline-block;width:8px;white-space:pre"> </div>Additionally,<div style="display:inline-block;width:9px;white-space:pre"> </div>annual<div style="display:inline-block;width:8px;white-space:pre"> </div>reviews<div style="display:inline-block;width:8px;white-space:pre"> </div>of<div style="display:inline-block;width:8px;white-space:pre"> </div>Coronado’s<div style="display:inline-block;width:8px;white-space:pre"> </div>current </div><div id="a13434" style="position:absolute;font-family:'Arial';left:5px;top:182px;">cybersecurity status and strategy are presented to the Board<div style="display:inline-block;width:5px;white-space:pre"> </div>of Directors and the AGRC by management.</div></div></div></div></div> <div id="TextBlockContainer2061" style="position:relative;line-height:normal;width:676px;height:155px;"><div id="div_2051_XBRL_TS_b987a3a5429342ef8bc34cfe765ee580" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2052" style="position:relative;line-height:normal;width:676px;height:109px;"><div id="TextContainer2052" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a13377" style="position:absolute;font-family:'Arial';left:5px;top:0px;">The<div style="display:inline-block;width:6px;white-space:pre"> </div>Board<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>Directors<div style="display:inline-block;width:6px;white-space:pre"> </div>is<div style="display:inline-block;width:6px;white-space:pre"> </div>responsible<div style="display:inline-block;width:6px;white-space:pre"> </div>for<div style="display:inline-block;width:6px;white-space:pre"> </div>reviewing,<div style="display:inline-block;width:6px;white-space:pre"> </div>ratifying,<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>monitoring<div style="display:inline-block;width:6px;white-space:pre"> </div>systems<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>risk<div style="display:inline-block;width:6px;white-space:pre"> </div>management, </div><div id="a13378" style="position:absolute;font-family:'Arial';left:5px;top:15px;">internal<div style="display:inline-block;width:7px;white-space:pre"> </div>control,<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>legal<div style="display:inline-block;width:7px;white-space:pre"> </div>compliance.<div style="display:inline-block;width:7px;white-space:pre"> </div>This<div style="display:inline-block;width:7px;white-space:pre"> </div>includes<div style="display:inline-block;width:7px;white-space:pre"> </div>identifying<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>main<div style="display:inline-block;width:7px;white-space:pre"> </div>risks<div style="display:inline-block;width:7px;white-space:pre"> </div>associated<div style="display:inline-block;width:7px;white-space:pre"> </div>with<div style="display:inline-block;width:7px;white-space:pre"> </div>Coronado's </div><div id="a13379" style="position:absolute;font-family:'Arial';left:5px;top:31px;">businesses,<div style="display:inline-block;width:7px;white-space:pre"> </div>including<div style="display:inline-block;width:7px;white-space:pre"> </div>cybersecurity<div style="display:inline-block;width:7px;white-space:pre"> </div>risk,<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>implementing<div style="display:inline-block;width:7px;white-space:pre"> </div>appropriate<div style="display:inline-block;width:7px;white-space:pre"> </div>systems<div style="display:inline-block;width:7px;white-space:pre"> </div>to<div style="display:inline-block;width:7px;white-space:pre"> </div>manage<div style="display:inline-block;width:7px;white-space:pre"> </div>such<div style="display:inline-block;width:7px;white-space:pre"> </div>risks.<div style="display:inline-block;width:7px;white-space:pre"> </div>As </div><div id="a13382" style="position:absolute;font-family:'Arial';left:5px;top:46px;">outlined in<div style="display:inline-block;width:5px;white-space:pre"> </div>the charter<div style="display:inline-block;width:5px;white-space:pre"> </div>of the<div style="display:inline-block;width:5px;white-space:pre"> </div>Audit Governance<div style="display:inline-block;width:6px;white-space:pre"> </div>and Risk<div style="display:inline-block;width:5px;white-space:pre"> </div>Committee, or<div style="display:inline-block;width:5px;white-space:pre"> </div>the AGRC,<div style="display:inline-block;width:5px;white-space:pre"> </div>the Board<div style="display:inline-block;width:5px;white-space:pre"> </div>of Directors<div style="display:inline-block;width:5px;white-space:pre"> </div>has </div><div id="a13390" style="position:absolute;font-family:'Arial';left:5px;top:61px;">delegated to the<div style="display:inline-block;width:5px;white-space:pre"> </div>AGRC responsibility for<div style="display:inline-block;width:5px;white-space:pre"> </div>overseeing corporate and<div style="display:inline-block;width:6px;white-space:pre"> </div>governance risk management,<div style="display:inline-block;width:5px;white-space:pre"> </div>financial risk </div><div id="a13392" style="position:absolute;font-family:'Arial';left:5px;top:77px;">management, and compliance<div style="display:inline-block;width:5px;white-space:pre"> </div>with applicable laws,<div style="display:inline-block;width:5px;white-space:pre"> </div>regulations, standards,<div style="display:inline-block;width:5px;white-space:pre"> </div>and best practice<div style="display:inline-block;width:5px;white-space:pre"> </div>guidelines, which </div><div id="a13394" style="position:absolute;font-family:'Arial';left:5px;top:92px;">includes the oversight of cybersecurity risk.</div></div></div></div><div id="TextContainer2061" style="position:relative;width:676px;z-index:1;font-size:13.28px;"></div><div id="div_2054_XBRL_TS_3be91b8890fc40fda69eac7d135cebcf" style="position:absolute;left:0px;top:92px;float:left;"><div id="TextBlockContainer2058" style="position:relative;line-height:normal;width:676px;height:63px;"><div id="TextContainer2058" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a13394_46_65" style="position:absolute;font-family:'Arial';left:262px;top:0px;">The AGRC is informed of cybersecurity risks by management, which </div><div id="a13397" style="position:absolute;font-family:'Arial';left:5px;top:15px;">includes an<div style="display:inline-block;width:2px;white-space:pre"> </div>annual cybersecurity risk<div style="display:inline-block;width:2px;white-space:pre"> </div>presentation. </div></div><div id="div_2055_XBRL_TS_1d5622ec6c884e78b409a0ad30445397" style="position:absolute;left:0px;top:15px;float:left;"><div id="TextBlockContainer2056" style="position:relative;line-height:normal;width:676px;height:47px;"><div id="TextContainer2056" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a13397_52_27" style="position:absolute;font-family:'Arial';left:302px;top:0px;">As part<div style="display:inline-block;width:2px;white-space:pre"> </div>of their<div style="display:inline-block;width:2px;white-space:pre"> </div>review of </div><div id="a13397_79_7" style="position:absolute;font-family:'Arial';left:445px;top:0px;">reports</div><div id="a13397_86_22" style="position:absolute;font-family:'Arial';left:486px;top:0px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>from management,<div style="display:inline-block;width:2px;white-space:pre"> </div>the </div><div id="a13397_108_5" style="position:absolute;font-family:'Arial';left:624px;top:0px;">AGRC </div><div id="a13399" style="position:absolute;font-family:'Arial';left:5px;top:15px;">and IT function</div><div id="a13399_15_100" style="position:absolute;font-family:'Arial';left:92px;top:15px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>provide cybersecurity risk updates to<div style="display:inline-block;width:2px;white-space:pre"> </div>the Board of Directors,<div style="display:inline-block;width:2px;white-space:pre"> </div>which enables the Board<div style="display:inline-block;width:2px;white-space:pre"> </div>of Directors </div><div id="a13404" style="position:absolute;font-family:'Arial';left:5px;top:31px;">to incorporate the insights of such reports into its overall<div style="display:inline-block;width:5px;white-space:pre"> </div>risk oversight analysis.</div></div></div></div></div></div></div> <div id="TextBlockContainer2052" style="position:relative;line-height:normal;width:676px;height:109px;"><div id="TextContainer2052" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a13377" style="position:absolute;font-family:'Arial';left:5px;top:0px;">The<div style="display:inline-block;width:6px;white-space:pre"> </div>Board<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>Directors<div style="display:inline-block;width:6px;white-space:pre"> </div>is<div style="display:inline-block;width:6px;white-space:pre"> </div>responsible<div style="display:inline-block;width:6px;white-space:pre"> </div>for<div style="display:inline-block;width:6px;white-space:pre"> </div>reviewing,<div style="display:inline-block;width:6px;white-space:pre"> </div>ratifying,<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>monitoring<div style="display:inline-block;width:6px;white-space:pre"> </div>systems<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>risk<div style="display:inline-block;width:6px;white-space:pre"> </div>management, </div><div id="a13378" style="position:absolute;font-family:'Arial';left:5px;top:15px;">internal<div style="display:inline-block;width:7px;white-space:pre"> </div>control,<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>legal<div style="display:inline-block;width:7px;white-space:pre"> </div>compliance.<div style="display:inline-block;width:7px;white-space:pre"> </div>This<div style="display:inline-block;width:7px;white-space:pre"> </div>includes<div style="display:inline-block;width:7px;white-space:pre"> </div>identifying<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>main<div style="display:inline-block;width:7px;white-space:pre"> </div>risks<div style="display:inline-block;width:7px;white-space:pre"> </div>associated<div style="display:inline-block;width:7px;white-space:pre"> </div>with<div style="display:inline-block;width:7px;white-space:pre"> </div>Coronado's </div><div id="a13379" style="position:absolute;font-family:'Arial';left:5px;top:31px;">businesses,<div style="display:inline-block;width:7px;white-space:pre"> </div>including<div style="display:inline-block;width:7px;white-space:pre"> </div>cybersecurity<div style="display:inline-block;width:7px;white-space:pre"> </div>risk,<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>implementing<div style="display:inline-block;width:7px;white-space:pre"> </div>appropriate<div style="display:inline-block;width:7px;white-space:pre"> </div>systems<div style="display:inline-block;width:7px;white-space:pre"> </div>to<div style="display:inline-block;width:7px;white-space:pre"> </div>manage<div style="display:inline-block;width:7px;white-space:pre"> </div>such<div style="display:inline-block;width:7px;white-space:pre"> </div>risks.<div style="display:inline-block;width:7px;white-space:pre"> </div>As </div><div id="a13382" style="position:absolute;font-family:'Arial';left:5px;top:46px;">outlined in<div style="display:inline-block;width:5px;white-space:pre"> </div>the charter<div style="display:inline-block;width:5px;white-space:pre"> </div>of the<div style="display:inline-block;width:5px;white-space:pre"> </div>Audit Governance<div style="display:inline-block;width:6px;white-space:pre"> </div>and Risk<div style="display:inline-block;width:5px;white-space:pre"> </div>Committee, or<div style="display:inline-block;width:5px;white-space:pre"> </div>the AGRC,<div style="display:inline-block;width:5px;white-space:pre"> </div>the Board<div style="display:inline-block;width:5px;white-space:pre"> </div>of Directors<div style="display:inline-block;width:5px;white-space:pre"> </div>has </div><div id="a13390" style="position:absolute;font-family:'Arial';left:5px;top:61px;">delegated to the<div style="display:inline-block;width:5px;white-space:pre"> </div>AGRC responsibility for<div style="display:inline-block;width:5px;white-space:pre"> </div>overseeing corporate and<div style="display:inline-block;width:6px;white-space:pre"> </div>governance risk management,<div style="display:inline-block;width:5px;white-space:pre"> </div>financial risk </div><div id="a13392" style="position:absolute;font-family:'Arial';left:5px;top:77px;">management, and compliance<div style="display:inline-block;width:5px;white-space:pre"> </div>with applicable laws,<div style="display:inline-block;width:5px;white-space:pre"> </div>regulations, standards,<div style="display:inline-block;width:5px;white-space:pre"> </div>and best practice<div style="display:inline-block;width:5px;white-space:pre"> </div>guidelines, which </div><div id="a13394" style="position:absolute;font-family:'Arial';left:5px;top:92px;">includes the oversight of cybersecurity risk.</div></div></div> <div id="TextBlockContainer2058" style="position:relative;line-height:normal;width:676px;height:63px;"><div id="TextContainer2058" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a13394_46_65" style="position:absolute;font-family:'Arial';left:262px;top:0px;">The AGRC is informed of cybersecurity risks by management, which </div><div id="a13397" style="position:absolute;font-family:'Arial';left:5px;top:15px;">includes an<div style="display:inline-block;width:2px;white-space:pre"> </div>annual cybersecurity risk<div style="display:inline-block;width:2px;white-space:pre"> </div>presentation. </div></div><div id="div_2055_XBRL_TS_1d5622ec6c884e78b409a0ad30445397" style="position:absolute;left:0px;top:15px;float:left;"><div id="TextBlockContainer2056" style="position:relative;line-height:normal;width:676px;height:47px;"><div id="TextContainer2056" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a13397_52_27" style="position:absolute;font-family:'Arial';left:302px;top:0px;">As part<div style="display:inline-block;width:2px;white-space:pre"> </div>of their<div style="display:inline-block;width:2px;white-space:pre"> </div>review of </div><div id="a13397_79_7" style="position:absolute;font-family:'Arial';left:445px;top:0px;">reports</div><div id="a13397_86_22" style="position:absolute;font-family:'Arial';left:486px;top:0px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>from management,<div style="display:inline-block;width:2px;white-space:pre"> </div>the </div><div id="a13397_108_5" style="position:absolute;font-family:'Arial';left:624px;top:0px;">AGRC </div><div id="a13399" style="position:absolute;font-family:'Arial';left:5px;top:15px;">and IT function</div><div id="a13399_15_100" style="position:absolute;font-family:'Arial';left:92px;top:15px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>provide cybersecurity risk updates to<div style="display:inline-block;width:2px;white-space:pre"> </div>the Board of Directors,<div style="display:inline-block;width:2px;white-space:pre"> </div>which enables the Board<div style="display:inline-block;width:2px;white-space:pre"> </div>of Directors </div><div id="a13404" style="position:absolute;font-family:'Arial';left:5px;top:31px;">to incorporate the insights of such reports into its overall<div style="display:inline-block;width:5px;white-space:pre"> </div>risk oversight analysis.</div></div></div></div></div> <div id="TextBlockContainer2056" style="position:relative;line-height:normal;width:676px;height:47px;"><div id="TextContainer2056" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a13397_52_27" style="position:absolute;font-family:'Arial';left:302px;top:0px;">As part<div style="display:inline-block;width:2px;white-space:pre"> </div>of their<div style="display:inline-block;width:2px;white-space:pre"> </div>review of </div><div id="a13397_79_7" style="position:absolute;font-family:'Arial';left:445px;top:0px;">reports</div><div id="a13397_86_22" style="position:absolute;font-family:'Arial';left:486px;top:0px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>from management,<div style="display:inline-block;width:2px;white-space:pre"> </div>the </div><div id="a13397_108_5" style="position:absolute;font-family:'Arial';left:624px;top:0px;">AGRC </div><div id="a13399" style="position:absolute;font-family:'Arial';left:5px;top:15px;">and IT function</div><div id="a13399_15_100" style="position:absolute;font-family:'Arial';left:92px;top:15px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>provide cybersecurity risk updates to<div style="display:inline-block;width:2px;white-space:pre"> </div>the Board of Directors,<div style="display:inline-block;width:2px;white-space:pre"> </div>which enables the Board<div style="display:inline-block;width:2px;white-space:pre"> </div>of Directors </div><div id="a13404" style="position:absolute;font-family:'Arial';left:5px;top:31px;">to incorporate the insights of such reports into its overall<div style="display:inline-block;width:5px;white-space:pre"> </div>risk oversight analysis.</div></div></div> true true <div id="TextBlockContainer2069" style="position:relative;line-height:normal;width:676px;height:199px;"><div id="TextContainer2069" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a13414" style="position:absolute;font-family:'Arial';left:5px;top:0px;">Supporting this governance<div style="display:inline-block;width:6px;white-space:pre"> </div>framework, the<div style="display:inline-block;width:5px;white-space:pre"> </div>Executive Leadership<div style="display:inline-block;width:5px;white-space:pre"> </div>Team,<div style="display:inline-block;width:6px;white-space:pre"> </div>or ELT,<div style="display:inline-block;width:7px;white-space:pre"> </div>is responsible<div style="display:inline-block;width:5px;white-space:pre"> </div>for maintaining </div><div id="a13415" style="position:absolute;font-family:'Arial';left:5px;top:15px;">effective<div style="display:inline-block;width:8px;white-space:pre"> </div>systems<div style="display:inline-block;width:8px;white-space:pre"> </div>of<div style="display:inline-block;width:7px;white-space:pre"> </div>risk<div style="display:inline-block;width:8px;white-space:pre"> </div>management<div style="display:inline-block;width:8px;white-space:pre"> </div>and<div style="display:inline-block;width:8px;white-space:pre"> </div>internal<div style="display:inline-block;width:8px;white-space:pre"> </div>control.<div style="display:inline-block;width:8px;white-space:pre"> </div>Within<div style="display:inline-block;width:7px;white-space:pre"> </div>this<div style="display:inline-block;width:7px;white-space:pre"> </div>framework,<div style="display:inline-block;width:8px;white-space:pre"> </div>the<div style="display:inline-block;width:8px;white-space:pre"> </div>Vice<div style="display:inline-block;width:8px;white-space:pre"> </div>President<div style="display:inline-block;width:8px;white-space:pre"> </div>of </div><div id="a13416" style="position:absolute;font-family:'Arial';left:5px;top:31px;">Information<div style="display:inline-block;width:8px;white-space:pre"> </div>Technology<div style="display:inline-block;width:10px;white-space:pre"> </div>is<div style="display:inline-block;width:8px;white-space:pre"> </div>responsible<div style="display:inline-block;width:8px;white-space:pre"> </div>for<div style="display:inline-block;width:8px;white-space:pre"> </div>the<div style="display:inline-block;width:8px;white-space:pre"> </div>cybersecurity<div style="display:inline-block;width:9px;white-space:pre"> </div>function.<div style="display:inline-block;width:8px;white-space:pre"> </div>The<div style="display:inline-block;width:8px;white-space:pre"> </div>Vice<div style="display:inline-block;width:9px;white-space:pre"> </div>President<div style="display:inline-block;width:8px;white-space:pre"> </div>of<div style="display:inline-block;width:8px;white-space:pre"> </div>Information </div><div id="a13418" style="position:absolute;font-family:'Arial';left:5px;top:46px;">Technology has experience in various roles involving managing information systems and cybersecurity functions </div><div id="a13419" style="position:absolute;font-family:'Arial';left:5px;top:61px;">and<div style="display:inline-block;width:5px;white-space:pre"> </div>developing<div style="display:inline-block;width:6px;white-space:pre"> </div>cybersecurity<div style="display:inline-block;width:6px;white-space:pre"> </div>strategies.<div style="display:inline-block;width:6px;white-space:pre"> </div>The<div style="display:inline-block;width:6px;white-space:pre"> </div>Vice<div style="display:inline-block;width:6px;white-space:pre"> </div>President<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>Information<div style="display:inline-block;width:6px;white-space:pre"> </div>Technology<div style="display:inline-block;width:7px;white-space:pre"> </div>reports<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Group </div><div id="a13421" style="position:absolute;font-family:'Arial';left:5px;top:77px;">Chief Financial Officer,<div style="display:inline-block;width:5px;white-space:pre"> </div>or Group CFO, who is a member of the ELT<div style="display:inline-block;width:2px;white-space:pre"> </div>.<div style="display:inline-block;width:4px;white-space:pre"> </div></div><div id="a13424" style="position:absolute;font-family:'Arial';left:5px;top:105px;">In order to prevent, detect, mitigate and<div style="display:inline-block;width:2px;white-space:pre"> </div>remediate cybersecurity incidents, Coronado maintains a Cyber Incident </div><div id="a13425" style="position:absolute;font-family:'Arial';left:5px;top:121px;">Response Plan, or the Plan.<div style="display:inline-block;width:5px;white-space:pre"> </div>The Plan outlines Coronado's<div style="display:inline-block;width:5px;white-space:pre"> </div>approach to identifying and<div style="display:inline-block;width:5px;white-space:pre"> </div>containing cybersecurity </div><div id="a13428" style="position:absolute;font-family:'Arial';left:5px;top:136px;">incidents, along with recovery<div style="display:inline-block;width:6px;white-space:pre"> </div>and improvement processes.<div style="display:inline-block;width:5px;white-space:pre"> </div>The Plan includes incident<div style="display:inline-block;width:5px;white-space:pre"> </div>assessment criteria that </div><div id="a13429" style="position:absolute;font-family:'Arial';left:5px;top:151px;">allow for<div style="display:inline-block;width:5px;white-space:pre"> </div>escalation of<div style="display:inline-block;width:6px;white-space:pre"> </div>potentially material<div style="display:inline-block;width:6px;white-space:pre"> </div>cybersecurity<div style="display:inline-block;width:5px;white-space:pre"> </div>incidents. The<div style="display:inline-block;width:5px;white-space:pre"> </div>Group CFO<div style="display:inline-block;width:6px;white-space:pre"> </div>reports to<div style="display:inline-block;width:5px;white-space:pre"> </div>the AGRC<div style="display:inline-block;width:5px;white-space:pre"> </div>in the </div><div id="a13432" style="position:absolute;font-family:'Arial';left:5px;top:167px;">event<div style="display:inline-block;width:8px;white-space:pre"> </div>of<div style="display:inline-block;width:8px;white-space:pre"> </div>a<div style="display:inline-block;width:8px;white-space:pre"> </div>potentially<div style="display:inline-block;width:8px;white-space:pre"> </div>material<div style="display:inline-block;width:8px;white-space:pre"> </div>cybersecurity<div style="display:inline-block;width:8px;white-space:pre"> </div>incident.<div style="display:inline-block;width:8px;white-space:pre"> </div>Additionally,<div style="display:inline-block;width:9px;white-space:pre"> </div>annual<div style="display:inline-block;width:8px;white-space:pre"> </div>reviews<div style="display:inline-block;width:8px;white-space:pre"> </div>of<div style="display:inline-block;width:8px;white-space:pre"> </div>Coronado’s<div style="display:inline-block;width:8px;white-space:pre"> </div>current </div><div id="a13434" style="position:absolute;font-family:'Arial';left:5px;top:182px;">cybersecurity status and strategy are presented to the Board<div style="display:inline-block;width:5px;white-space:pre"> </div>of Directors and the AGRC by management.</div></div></div> 1435 173032000 339625000 250921000 209110000 195165000 155743000 87678000 110275000 706796000 814753000 1654455000 1507130000 86481000 90143000 28008000 28008000 2708000 2905000 141696000 68471000 0 0 5411000 6342000 2625555000 2517752000 89178000 101743000 276032000 206798000 10978000 15523000 22445000 37090000 34300000 19502000 1671000 1363000 21024000 17568000 1424000 5988000 457052000 405575000 143388000 149275000 522968000 312822000 684989000 410944000 18888000 18881000 83866000 74241000 23249000 36737000 41409000 36392000 1975809000 1444867000 0.01 1000000000 167645373 1677000 1677000 0.01 100000000 1 0 0 1094743000 1094560000 -120444000 -137560000 -326230000 114208000 649746000 1072885000 2625555000 2517752000 1920416000 2444862000 2830689000 29371000 62851000 59914000 1949787000 2507713000 2890603000 1524569000 1714987000 1731630000 185350000 187400000 160711000 268015000 241377000 259710000 100542000 116870000 136523000 163747000 289678000 345882000 39250000 36944000 84177000 2281473000 2587256000 2718633000 -99291000 -58856000 -56751000 -19258000 -14732000 -1385000 4758000 -207000 -4216000 10578000 3734000 5764000 -112729000 -69647000 -48156000 -444415000 -149190000 123814000 -12359000 -40309000 -32251000 -432056000 -108881000 156065000 14637000 -47633000 1496000 2479000 0 0 17116000 -47633000 1496000 -414940000 -156514000 157561000 -2.58 -0.65 0.93 -2.58 -0.65 0.93 167645373 1677000 1 0 1092282000 -91423000 100554000 1103090000 0 0 0 0 156065000 156065000 0 0 0 1496000 0 1496000 0 0 0 1496000 156065000 157561000 0 0 -2149000 0 0 -2149000 0 0 0 0 16765000 16765000 167645373 1677000 1 0 1094431000 -89927000 239854000 1246035000 0 0 0 0 -108881000 -108881000 0 0 0 -47633000 0 -47633000 0 0 0 -47633000 -108881000 -156514000 0 0 -129000 0 0 -129000 0 0 0 0 16765000 16765000 167645373 1677000 1 0 1094560000 -137560000 114208000 1072885000 0 0 0 0 -432056000 -432056000 0 0 0 17116000 0 17116000 0 0 0 17116000 -432056000 -414940000 0 0 183000 0 0 183000 0 0 0 0 8382000 8382000 167645373 1677000 1 0 1094743000 -120444000 -326230000 649746000 -432056000 -108881000 156065000 187359000 190923000 163862000 -2009000 -3523000 -3151000 0 10585000 0 25990000 22091000 12415000 3679000 3989000 4300000 -46568000 -34912000 -30997000 -23739000 -31443000 -33026000 8817000 0 0 183000 129000 2149000 -19258000 -14732000 -1385000 -14276000 -39526000 -21338000 5106000 9724000 5334000 4758000 -207000 -4216000 -4490000 10028000 0 -181000 -694000 516000 35340000 -35451000 -155056000 32704000 -27644000 32774000 -10672000 2778000 477000 142771000 0 0 -13795000 -9366000 40159000 63399000 -97895000 -25435000 -24761000 -21050000 -14597000 -351000 66665000 -164834000 4011000 2033000 6560000 -79997000 74039000 268282000 244784000 248142000 237205000 18837000 0 0 111723000 2462000 27213000 38933000 24268000 26250000 -298737000 -226336000 -238168000 340000000 449860000 0 8116000 13912000 3436000 99574000 246668000 4361000 12250000 9768000 0 3747000 68000 127000 8333000 16679000 16755000 207980000 162765000 -24679000 -170754000 10468000 5435000 4161000 -10138000 -769000 339625000 339295000 334629000 173032000 339625000 339295000 58815000 29727000 28632000 -1695000 -67842000 147106000 251000 251000 251000 <div id="TextBlockContainer2083" style="position:relative;line-height:normal;width:676px;height:674px;"><div id="TextContainer2083" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a35864" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">1.<div style="display:inline-block;width:15px;white-space:pre"> </div>Description of Business, Basis of Presentation </div><div id="a35868" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:29px;">(a)</div></div><div id="div_2074_XBRL_TS_b3ce6a7cb8a24cfcb7a280f466ff8800" style="position:absolute;left:0px;top:29px;float:left;"><div id="TextBlockContainer2075" style="position:relative;line-height:normal;width:676px;height:110px;"><div id="TextContainer2075" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a35869_1_21" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:28px;top:0px;">Nature of operations </div><div id="a35872" style="position:absolute;font-family:'Arial';left:5px;top:32px;">Coronado<div style="display:inline-block;width:7px;white-space:pre"> </div>Global<div style="display:inline-block;width:7px;white-space:pre"> </div>Resources Inc.<div style="display:inline-block;width:7px;white-space:pre"> </div>(together<div style="display:inline-block;width:7px;white-space:pre"> </div>with<div style="display:inline-block;width:7px;white-space:pre"> </div>its<div style="display:inline-block;width:7px;white-space:pre"> </div>subsidiaries,<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>“Company”<div style="display:inline-block;width:7px;white-space:pre"> </div>or<div style="display:inline-block;width:7px;white-space:pre"> </div>“Coronado”)<div style="display:inline-block;width:7px;white-space:pre"> </div>is<div style="display:inline-block;width:7px;white-space:pre"> </div>a<div style="display:inline-block;width:7px;white-space:pre"> </div>global </div><div id="a35875" style="position:absolute;font-family:'Arial';left:5px;top:48px;">producer, marketer,<div style="display:inline-block;width:6px;white-space:pre"> </div>and exporter of a full range<div style="display:inline-block;width:5px;white-space:pre"> </div>of metallurgical coals, an<div style="display:inline-block;width:5px;white-space:pre"> </div>essential element in the production<div style="display:inline-block;width:6px;white-space:pre"> </div>of </div><div id="a35876" style="position:absolute;font-family:'Arial';left:5px;top:63px;">steel. The Company<div style="display:inline-block;width:5px;white-space:pre"> </div>has a portfolio<div style="display:inline-block;width:5px;white-space:pre"> </div>of operating mines<div style="display:inline-block;width:6px;white-space:pre"> </div>and development projects<div style="display:inline-block;width:6px;white-space:pre"> </div>in Queensland, Australia<div style="display:inline-block;width:5px;white-space:pre"> </div>and </div><div id="a35878" style="position:absolute;font-family:'Arial';left:5px;top:78px;">in the<div style="display:inline-block;width:2px;white-space:pre"> </div>states of Pennsylvania,<div style="display:inline-block;width:2px;white-space:pre"> </div>Virginia and West<div style="display:inline-block;width:2px;white-space:pre"> </div>Virginia in the<div style="display:inline-block;width:2px;white-space:pre"> </div>United States, or<div style="display:inline-block;width:2px;white-space:pre"> </div>U.S. For details<div style="display:inline-block;width:2px;white-space:pre"> </div>of the<div style="display:inline-block;width:2px;white-space:pre"> </div>Company’s </div><div id="a35880" style="position:absolute;font-family:'Arial';left:5px;top:94px;">capital structure, refer to Note 5 “Capital Structure” for<div style="display:inline-block;width:5px;white-space:pre"> </div>further information.</div></div></div></div><div id="TextContainer2084" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a35884" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:154px;">(b) </div></div><div id="div_2077_XBRL_TS_80da7af251614d729af641e5bf075f7c" style="position:absolute;left:0px;top:154px;float:left;"><div id="TextBlockContainer2078" style="position:relative;line-height:normal;width:676px;height:152px;"><div id="TextContainer2078" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a35884_4_22" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:28px;top:0px;">Basis of Presentation </div><div id="a35888" style="position:absolute;font-family:'Arial';left:5px;top:30px;">The<div style="display:inline-block;width:7px;white-space:pre"> </div>Consolidated<div style="display:inline-block;width:7px;white-space:pre"> </div>Financial<div style="display:inline-block;width:7px;white-space:pre"> </div>Statements<div style="display:inline-block;width:7px;white-space:pre"> </div>have<div style="display:inline-block;width:7px;white-space:pre"> </div>been<div style="display:inline-block;width:7px;white-space:pre"> </div>prepared<div style="display:inline-block;width:7px;white-space:pre"> </div>in<div style="display:inline-block;width:7px;white-space:pre"> </div>accordance<div style="display:inline-block;width:7px;white-space:pre"> </div>with<div style="display:inline-block;width:7px;white-space:pre"> </div>requirements<div style="display:inline-block;width:7px;white-space:pre"> </div>of<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>U.S. </div><div id="a35891" style="position:absolute;font-family:'Arial';left:5px;top:45px;">Generally Accepted<div style="display:inline-block;width:6px;white-space:pre"> </div>Accounting Principles,<div style="display:inline-block;width:6px;white-space:pre"> </div>or U.S.<div style="display:inline-block;width:5px;white-space:pre"> </div>GAAP,<div style="display:inline-block;width:5px;white-space:pre"> </div>and are<div style="display:inline-block;width:6px;white-space:pre"> </div>presented in<div style="display:inline-block;width:6px;white-space:pre"> </div>U.S. dollars,<div style="display:inline-block;width:6px;white-space:pre"> </div>unless otherwise </div><div id="a35898" style="position:absolute;font-family:'Arial';left:5px;top:61px;">stated. </div><div id="a35900" style="position:absolute;font-family:'Arial';left:5px;top:89px;">The Consolidated Financial<div style="display:inline-block;width:2px;white-space:pre"> </div>Statements include the<div style="display:inline-block;width:2px;white-space:pre"> </div>accounts of the<div style="display:inline-block;width:2px;white-space:pre"> </div>Company and its<div style="display:inline-block;width:2px;white-space:pre"> </div>subsidiaries. The Company, </div><div id="a35905" style="position:absolute;font-family:'Arial';left:5px;top:105px;">or<div style="display:inline-block;width:7px;white-space:pre"> </div>Coronado,<div style="display:inline-block;width:7px;white-space:pre"> </div>are<div style="display:inline-block;width:7px;white-space:pre"> </div>used<div style="display:inline-block;width:7px;white-space:pre"> </div>interchangeably<div style="display:inline-block;width:8px;white-space:pre"> </div>to<div style="display:inline-block;width:7px;white-space:pre"> </div>refer<div style="display:inline-block;width:7px;white-space:pre"> </div>to<div style="display:inline-block;width:7px;white-space:pre"> </div>Coronado<div style="display:inline-block;width:7px;white-space:pre"> </div>Global<div style="display:inline-block;width:7px;white-space:pre"> </div>Resources<div style="display:inline-block;width:8px;white-space:pre"> </div>Inc.<div style="display:inline-block;width:7px;white-space:pre"> </div>or<div style="display:inline-block;width:7px;white-space:pre"> </div>Coronado<div style="display:inline-block;width:7px;white-space:pre"> </div>Global </div><div id="a35910" style="position:absolute;font-family:'Arial';left:5px;top:120px;">Resources Inc.<div style="display:inline-block;width:6px;white-space:pre"> </div>and its<div style="display:inline-block;width:5px;white-space:pre"> </div>subsidiaries, as<div style="display:inline-block;width:6px;white-space:pre"> </div>appropriate to<div style="display:inline-block;width:6px;white-space:pre"> </div>the context.<div style="display:inline-block;width:5px;white-space:pre"> </div>All intercompany<div style="display:inline-block;width:6px;white-space:pre"> </div>balances and<div style="display:inline-block;width:5px;white-space:pre"> </div>transactions </div><div id="a35911" style="position:absolute;font-family:'Arial';left:5px;top:135px;">have been eliminated on consolidation.</div></div></div></div><div id="TextContainer2085" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a35916" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:318px;">(c)</div></div><div id="div_2080_XBRL_TS_d6814ba3047d4de98ad4fe8010ebb7fa" style="position:absolute;left:0px;top:318px;float:left;"><div id="TextBlockContainer2081" style="position:relative;line-height:normal;width:676px;height:357px;"><div id="TextContainer2081" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a35917_1_43" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:28px;top:0px;">Certain Significant Risks and Uncertainties</div><div id="a35920" style="position:absolute;font-family:'Arial';left:5px;top:30px;">External<div style="display:inline-block;width:6px;white-space:pre"> </div>factors,<div style="display:inline-block;width:7px;white-space:pre"> </div>including<div style="display:inline-block;width:6px;white-space:pre"> </div>general<div style="display:inline-block;width:6px;white-space:pre"> </div>economic<div style="display:inline-block;width:6px;white-space:pre"> </div>conditions,<div style="display:inline-block;width:7px;white-space:pre"> </div>international<div style="display:inline-block;width:6px;white-space:pre"> </div>events<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>circumstances,<div style="display:inline-block;width:7px;white-space:pre"> </div>competitor </div><div id="a35921" style="position:absolute;font-family:'Arial';left:5px;top:45px;">actions, governmental actions<div style="display:inline-block;width:5px;white-space:pre"> </div>and regulations are beyond<div style="display:inline-block;width:5px;white-space:pre"> </div>the Company’s control<div style="display:inline-block;width:5px;white-space:pre"> </div>and can cause fluctuations<div style="display:inline-block;width:5px;white-space:pre"> </div>in </div><div id="a35922" style="position:absolute;font-family:'Arial';left:5px;top:61px;">demand<div style="display:inline-block;width:5px;white-space:pre"> </div>for<div style="display:inline-block;width:5px;white-space:pre"> </div>coal<div style="display:inline-block;width:5px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>volatility<div style="display:inline-block;width:5px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>price<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>commodities.<div style="display:inline-block;width:5px;white-space:pre"> </div>This<div style="display:inline-block;width:5px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>turn<div style="display:inline-block;width:5px;white-space:pre"> </div>may<div style="display:inline-block;width:5px;white-space:pre"> </div>adversely<div style="display:inline-block;width:5px;white-space:pre"> </div>impact<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company’s </div><div id="a35924" style="position:absolute;font-family:'Arial';left:5px;top:76px;">future operating results and purchase or investment opportunities<div style="display:inline-block;width:5px;white-space:pre"> </div>in the coal mining industry. </div><div id="a35929" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:107px;">Concentration of customers </div><div id="a35931" style="position:absolute;font-family:'Arial';left:5px;top:139px;">The Company has a credit<div style="display:inline-block;width:5px;white-space:pre"> </div>policy that establishes procedures<div style="display:inline-block;width:5px;white-space:pre"> </div>to determine creditworthiness<div style="display:inline-block;width:5px;white-space:pre"> </div>and credit limits for </div><div id="a35932" style="position:absolute;font-family:'Arial';left:5px;top:154px;">trade customers and counterparties<div style="display:inline-block;width:5px;white-space:pre"> </div>in the over-the-counter coal<div style="display:inline-block;width:5px;white-space:pre"> </div>market. Generally,<div style="display:inline-block;width:5px;white-space:pre"> </div>credit is extended based on </div><div id="a35937" style="position:absolute;font-family:'Arial';left:5px;top:169px;">an evaluation<div style="display:inline-block;width:5px;white-space:pre"> </div>of the customer’s<div style="display:inline-block;width:6px;white-space:pre"> </div>financial condition.<div style="display:inline-block;width:5px;white-space:pre"> </div>Collateral is<div style="display:inline-block;width:5px;white-space:pre"> </div>not generally<div style="display:inline-block;width:5px;white-space:pre"> </div>required, unless<div style="display:inline-block;width:5px;white-space:pre"> </div>credit cannot<div style="display:inline-block;width:5px;white-space:pre"> </div>be </div><div id="a35939" style="position:absolute;font-family:'Arial';left:5px;top:185px;">established.<div style="display:inline-block;width:4px;white-space:pre"> </div></div><div id="a35941" style="position:absolute;font-family:'Arial';left:5px;top:216px;">Payments from customers are generally due between </div><div id="a35941_50_2" style="position:absolute;font-family:'Arial';left:322px;top:216px;">21</div><div id="a35941_52_4" style="position:absolute;font-family:'Arial';left:336px;top:216px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>to </div><div id="a35941_56_2" style="position:absolute;font-family:'Arial';left:354px;top:216px;">90</div><div id="a35941_58_54" style="position:absolute;font-family:'Arial';left:369px;top:216px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>days after invoicing. Invoicing usually occurs after </div><div id="a35949" style="position:absolute;font-family:'Arial';left:5px;top:231px;">shipment or delivery of goods.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a35951" style="position:absolute;font-family:'Arial';left:5px;top:263px;">The Company had certain customers<div style="display:inline-block;width:2px;white-space:pre"> </div>whose accounts receivable balances individually represented </div><div id="a35951_94_2" style="position:absolute;font-family:'Arial';left:587px;top:263px;">10</div><div id="a35951_96_10" style="position:absolute;font-family:'Arial';left:602px;top:263px;">% or more </div><div id="a35952" style="position:absolute;font-family:'Arial';left:5px;top:278px;">of<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company’s<div style="display:inline-block;width:6px;white-space:pre"> </div>total<div style="display:inline-block;width:6px;white-space:pre"> </div>accounts<div style="display:inline-block;width:6px;white-space:pre"> </div>receivable,<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:6px;white-space:pre"> </div>whose<div style="display:inline-block;width:6px;white-space:pre"> </div>revenue<div style="display:inline-block;width:6px;white-space:pre"> </div>individually<div style="display:inline-block;width:6px;white-space:pre"> </div>represented </div><div id="a35952_86_2" style="position:absolute;font-family:'Arial';left:541px;top:278px;">10</div><div id="a35952_88_17" style="position:absolute;font-family:'Arial';left:556px;top:278px;">%<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:6px;white-space:pre"> </div>more<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>the </div><div id="a35953" style="position:absolute;font-family:'Arial';left:5px;top:293px;">Company’s total revenue. </div><div id="a35956" style="position:absolute;font-family:'Arial';left:5px;top:325px;">The<div style="display:inline-block;width:6px;white-space:pre"> </div>following<div style="display:inline-block;width:6px;white-space:pre"> </div>table<div style="display:inline-block;width:6px;white-space:pre"> </div>summarizes<div style="display:inline-block;width:6px;white-space:pre"> </div>any<div style="display:inline-block;width:6px;white-space:pre"> </div>customer<div style="display:inline-block;width:6px;white-space:pre"> </div>whose<div style="display:inline-block;width:6px;white-space:pre"> </div>revenue<div style="display:inline-block;width:6px;white-space:pre"> </div>individually<div style="display:inline-block;width:6px;white-space:pre"> </div>represented </div><div id="a35956_83_2" style="position:absolute;font-family:'Arial';left:540px;top:325px;">10</div><div id="a35956_85_17" style="position:absolute;font-family:'Arial';left:555px;top:325px;">%<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:6px;white-space:pre"> </div>more<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>the </div><div id="a35957" style="position:absolute;font-family:'Arial';left:5px;top:340px;">Company’s total coal revenues in the year ended<div style="display:inline-block;width:5px;white-space:pre"> </div>December 31, 2025.</div></div></div></div></div><div id="TextBlockContainer2093" style="position:relative;line-height:normal;width:667px;height:75px;"><div id="div_2090_XBRL_TS_55a32cc7caed4c2fb231ea270c6e7b06" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2091" style="position:relative;line-height:normal;width:667px;height:75px;"><div style="position:absolute; width:80px; height:1px; left:410.2px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:490.2px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:490.8px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:496.1px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:496.7px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:576.1px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.4px; height:1px; left:576.8px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:582.2px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:582.9px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:80px; height:1px; left:410.2px; top:32.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:80px; height:1px; left:496.1px; top:32.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:80px; height:1px; left:582.2px; top:32.8px; background-color:#407EC9; "> </div> <div id="TextContainer2091" style="position:relative;width:667px;z-index:1;font-size:13.28px;"><div id="a35966" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:471px;top:0px;">Year Ended December 31, </div><div id="a35970" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:438px;top:21px;">2025 </div><div id="a35973" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:524px;top:21px;">2024 </div><div id="a35976" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:610px;top:21px;">2023 </div><div id="a35978" style="position:absolute;font-family:'Arial';left:7px;top:38px;">Tata<div style="display:inline-block;width:5px;white-space:pre"> </div>Steel </div><div id="a35981" style="position:absolute;font-family:'Arial';left:457px;top:38px;display:flex;">18%</div><div id="a35984" style="position:absolute;font-family:'Arial';left:543px;top:38px;display:flex;">20%</div><div id="a35987" style="position:absolute;font-family:'Arial';left:629px;top:38px;display:flex;">21%</div><div id="a35989" style="position:absolute;font-family:'Arial';left:7px;top:58px;">ArcelorMittal </div><div id="a35992" style="position:absolute;font-family:'Arial';left:457px;top:58px;display:flex;">12%</div><div id="a35995" style="position:absolute;font-family:'Arial';left:550px;top:58px;display:flex;">9%</div><div id="a35998" style="position:absolute;font-family:'Arial';left:629px;top:58px;display:flex;">10%</div></div></div></div></div><div id="TextBlockContainer2101" style="position:relative;line-height:normal;width:676px;height:93px;"><div id="div_2098_XBRL_TS_0e1ab2d5ef674cc2868dcbe1161eca99" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2099" style="position:relative;line-height:normal;width:676px;height:93px;"><div id="TextContainer2099" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a36001" style="position:absolute;font-family:'Arial';left:5px;top:0px;">For the year ended December 31, 2025, $</div><div id="a36001_39_5" style="position:absolute;font-family:'Arial';left:252px;top:0px;">985.0</div><div id="a36001_44_13" style="position:absolute;font-family:'Arial';left:286px;top:0px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million, or </div><div id="a36001_57_4" style="position:absolute;font-family:'Arial';left:350px;top:0px;">51.1</div><div id="a36001_61_47" style="position:absolute;font-family:'Arial';left:376px;top:0px;">%, of total coal revenues were attributable to </div><div id="a36001_108_4" style="position:absolute;font-family:'Arial';left:642px;top:0px;">five</div><div id="a36013" style="position:absolute;font-family:'Arial';left:5px;top:15px;">customers.<div style="display:inline-block;width:6px;white-space:pre"> </div>In<div style="display:inline-block;width:6px;white-space:pre"> </div>comparison,<div style="display:inline-block;width:6px;white-space:pre"> </div>for<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>year<div style="display:inline-block;width:6px;white-space:pre"> </div>ended<div style="display:inline-block;width:6px;white-space:pre"> </div>December<div style="display:inline-block;width:6px;white-space:pre"> </div>31,<div style="display:inline-block;width:6px;white-space:pre"> </div>2024,<div style="display:inline-block;width:6px;white-space:pre"> </div>$</div><div id="a36013_65_7" style="position:absolute;font-family:'Arial';left:430px;top:15px;">1,330.4</div><div id="a36013_72_13" style="position:absolute;font-family:'Arial';left:474px;top:15px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million,<div style="display:inline-block;width:6px;white-space:pre"> </div>or </div><div id="a36013_85_4" style="position:absolute;font-family:'Arial';left:543px;top:15px;">54.6</div><div id="a36013_89_17" style="position:absolute;font-family:'Arial';left:569px;top:15px;">%,<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>total<div style="display:inline-block;width:6px;white-space:pre"> </div>coal </div><div id="a36023" style="position:absolute;font-family:'Arial';left:5px;top:31px;">revenues were<div style="display:inline-block;width:6px;white-space:pre"> </div>attributable to </div><div id="a36023_30_4" style="position:absolute;font-family:'Arial';left:184px;top:31px;">five</div><div id="a36023_34_55" style="position:absolute;font-family:'Arial';left:205px;top:31px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>customers, and<div style="display:inline-block;width:6px;white-space:pre"> </div>for the<div style="display:inline-block;width:6px;white-space:pre"> </div>year ended<div style="display:inline-block;width:6px;white-space:pre"> </div>December 31,<div style="display:inline-block;width:6px;white-space:pre"> </div>2023, $</div><div id="a36023_89_7" style="position:absolute;font-family:'Arial';left:556px;top:31px;">1,509.1</div><div id="a36023_96_13" style="position:absolute;font-family:'Arial';left:600px;top:31px;"><div style="display:inline-block;width:5px;white-space:pre"> </div>million, or </div><div id="a36037" style="position:absolute;font-family:'Arial';left:5px;top:46px;">53.3</div><div id="a36037_4_47" style="position:absolute;font-family:'Arial';left:31px;top:46px;">%, of total<div style="display:inline-block;width:5px;white-space:pre"> </div>coal revenues<div style="display:inline-block;width:5px;white-space:pre"> </div>were attributable to </div><div id="a36037_51_4" style="position:absolute;font-family:'Arial';left:301px;top:46px;">five</div><div id="a36037_55_53" style="position:absolute;font-family:'Arial';left:322px;top:46px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>customers. As of<div style="display:inline-block;width:5px;white-space:pre"> </div>December 31, 2025,<div style="display:inline-block;width:6px;white-space:pre"> </div>the Company had </div><div id="a36049" style="position:absolute;font-family:'Arial';left:5px;top:61px;">four</div><div id="a36049_4_31" style="position:absolute;font-family:'Arial';left:28px;top:61px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>customers that<div style="display:inline-block;width:5px;white-space:pre"> </div>accounted for<div style="display:inline-block;width:5px;white-space:pre"> </div>$</div><div id="a36049_35_5" style="position:absolute;font-family:'Arial';left:218px;top:61px;">130.7</div><div id="a36049_40_13" style="position:absolute;font-family:'Arial';left:251px;top:61px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million, or </div><div id="a36049_53_4" style="position:absolute;font-family:'Arial';left:317px;top:61px;">51.3</div><div id="a36049_57_52" style="position:absolute;font-family:'Arial';left:343px;top:61px;">%, of<div style="display:inline-block;width:5px;white-space:pre"> </div>accounts receivable.<div style="display:inline-block;width:6px;white-space:pre"> </div>As of<div style="display:inline-block;width:5px;white-space:pre"> </div>December 31,<div style="display:inline-block;width:5px;white-space:pre"> </div>2024, </div><div id="a36060" style="position:absolute;font-family:'Arial';left:5px;top:77px;">the Company had </div><div id="a36060_16_4" style="position:absolute;font-family:'Arial';left:114px;top:77px;">four</div><div id="a36060_20_31" style="position:absolute;font-family:'Arial';left:137px;top:77px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>customers that accounted for $</div><div id="a36060_51_5" style="position:absolute;font-family:'Arial';left:324px;top:77px;">119.2</div><div id="a36060_56_13" style="position:absolute;font-family:'Arial';left:357px;top:77px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million, or </div><div id="a36060_69_4" style="position:absolute;font-family:'Arial';left:421px;top:77px;">56.9</div><div id="a36060_73_26" style="position:absolute;font-family:'Arial';left:447px;top:77px;">%, of accounts receivable.</div></div></div></div></div><div id="TextBlockContainer2107" style="position:relative;line-height:normal;width:676px;height:32px;"><div id="div_2104_XBRL_TS_e4ed131518ad4d59abd6f57655a78e5c" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2105" style="position:relative;line-height:normal;width:676px;height:32px;"><div id="TextContainer2105" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a36085" style="position:absolute;font-family:'Arial';left:5px;top:0px;">The<div style="display:inline-block;width:5px;white-space:pre"> </div>following<div style="display:inline-block;width:6px;white-space:pre"> </div>table<div style="display:inline-block;width:6px;white-space:pre"> </div>presents<div style="display:inline-block;width:6px;white-space:pre"> </div>revenues<div style="display:inline-block;width:6px;white-space:pre"> </div>as<div style="display:inline-block;width:5px;white-space:pre"> </div>a<div style="display:inline-block;width:6px;white-space:pre"> </div>percent<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>total<div style="display:inline-block;width:5px;white-space:pre"> </div>revenue<div style="display:inline-block;width:6px;white-space:pre"> </div>from<div style="display:inline-block;width:6px;white-space:pre"> </div>external<div style="display:inline-block;width:6px;white-space:pre"> </div>customers<div style="display:inline-block;width:6px;white-space:pre"> </div>by<div style="display:inline-block;width:5px;white-space:pre"> </div>geographic </div><div id="a36086" style="position:absolute;font-family:'Arial';left:5px;top:15px;">region:</div></div></div></div></div><div id="TextBlockContainer2116" style="position:relative;line-height:normal;width:667px;height:165px;"><div id="div_2110_XBRL_TS_8e49e14d733f45499fabe10b868a412a" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2114" style="position:relative;line-height:normal;width:667px;height:165px;"><div id="div_2111_XBRL_TS_1b290bf1199c4d8e9e312f06dcdab0ab" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2112" style="position:relative;line-height:normal;width:667px;height:165px;"><div style="position:absolute; width:80px; height:1px; left:410.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:490.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:490.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:496.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:496.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:576.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.4px; height:1px; left:576.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:582.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:582.9px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:80px; height:1px; left:410.2px; top:31.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:80px; height:1px; left:496.1px; top:31.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:80px; height:1px; left:582.2px; top:31.3px; background-color:#407EC9; "> </div> <div id="TextContainer2112" style="position:relative;width:667px;z-index:1;font-size:13.28px;"><div id="a36090" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:471px;top:0px;">Year Ended December 31, </div><div id="a36094" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:438px;top:19px;">2025 </div><div id="a36097" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:524px;top:19px;">2024 </div><div id="a36100" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:610px;top:19px;">2023 </div><div id="a36102" style="position:absolute;font-family:'Arial';left:7px;top:36px;">Asia </div><div id="a36105" style="position:absolute;font-family:'Arial';left:457px;top:36px;display:flex;">50%</div><div id="a36108" style="position:absolute;font-family:'Arial';left:543px;top:36px;display:flex;">59%</div><div id="a36111" style="position:absolute;font-family:'Arial';left:629px;top:36px;display:flex;">50%</div><div id="a36113" style="position:absolute;font-family:'Arial';left:7px;top:54px;">North America </div><div id="a36116" style="position:absolute;font-family:'Arial';left:457px;top:54px;display:flex;">16%</div><div id="a36119" style="position:absolute;font-family:'Arial';left:543px;top:54px;display:flex;">14%</div><div id="a36122" style="position:absolute;font-family:'Arial';left:629px;top:54px;display:flex;">11%</div><div id="a36124" style="position:absolute;font-family:'Arial';left:7px;top:73px;">South America </div><div id="a36127" style="position:absolute;font-family:'Arial';left:457px;top:73px;display:flex;">10%</div><div id="a36130" style="position:absolute;font-family:'Arial';left:550px;top:73px;display:flex;">8%</div><div id="a36133" style="position:absolute;font-family:'Arial';left:636px;top:73px;display:flex;">8%</div><div id="a36135" style="position:absolute;font-family:'Arial';left:7px;top:92px;">Europe </div><div id="a36138" style="position:absolute;font-family:'Arial';left:464px;top:92px;display:flex;">9%</div><div id="a36141" style="position:absolute;font-family:'Arial';left:550px;top:92px;display:flex;">7%</div><div id="a36144" style="position:absolute;font-family:'Arial';left:636px;top:92px;display:flex;">6%</div><div id="a36146" style="position:absolute;font-family:'Arial';left:7px;top:110px;">Australia </div><div id="a36149" style="position:absolute;font-family:'Arial';left:464px;top:110px;display:flex;">6%</div><div id="a36152" style="position:absolute;font-family:'Arial';left:550px;top:110px;display:flex;">3%</div><div id="a36155" style="position:absolute;font-family:'Arial';left:636px;top:110px;display:flex;">4%</div><div id="a36157" style="position:absolute;font-family:'Arial';left:7px;top:129px;">Brokered sales </div><div id="a36160" style="position:absolute;font-family:'Arial';left:464px;top:129px;display:flex;">9%</div><div id="a36163" style="position:absolute;font-family:'Arial';left:550px;top:129px;display:flex;">9%</div><div id="a36166" style="position:absolute;font-family:'Arial';left:629px;top:129px;display:flex;">21%</div><div id="a36168" style="position:absolute;font-family:'Arial';left:7px;top:148px;">Total </div><div id="a36171" style="position:absolute;font-family:'Arial';left:450px;top:148px;display:flex;">100%</div><div id="a36174" style="position:absolute;font-family:'Arial';left:535px;top:148px;display:flex;">100%</div><div id="a36177" style="position:absolute;font-family:'Arial';left:622px;top:148px;display:flex;">100%</div></div></div></div></div></div></div><div id="TextBlockContainer2122" style="position:relative;line-height:normal;width:676px;height:47px;"><div id="div_2119_XBRL_TS_8af839622ae247448cd535d4f72e5ec9" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2120" style="position:relative;line-height:normal;width:676px;height:47px;"><div id="TextContainer2120" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a36179" style="position:absolute;font-family:'Arial';left:5px;top:0px;">The Company uses shipping destination as the<div style="display:inline-block;width:5px;white-space:pre"> </div>basis for attributing revenue to individual<div style="display:inline-block;width:5px;white-space:pre"> </div>countries. The transfer </div><div id="a36183" style="position:absolute;font-family:'Arial';left:5px;top:15px;">of title on<div style="display:inline-block;width:5px;white-space:pre"> </div>brokered transactions<div style="display:inline-block;width:5px;white-space:pre"> </div>may occur at<div style="display:inline-block;width:6px;white-space:pre"> </div>a point that<div style="display:inline-block;width:5px;white-space:pre"> </div>does not reflect<div style="display:inline-block;width:6px;white-space:pre"> </div>the end usage<div style="display:inline-block;width:6px;white-space:pre"> </div>point, therefore<div style="display:inline-block;width:5px;white-space:pre"> </div>these </div><div id="a36184" style="position:absolute;font-family:'Arial';left:5px;top:31px;">sales are reflected as exports and classified as brokerage sales.</div></div></div></div></div><div id="TextBlockContainer2128" style="position:relative;line-height:normal;width:676px;height:215px;"><div id="div_2125_XBRL_TS_ffc4da6167a34ae1aac7c857d1f7e282" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2126" style="position:relative;line-height:normal;width:676px;height:215px;"><div id="TextContainer2126" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a36188" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:0px;">Concentration of labor </div><div id="a36190" style="position:absolute;font-family:'Arial';left:5px;top:31px;">As of December 31, 2025, </div><div id="a36190_25_4" style="position:absolute;font-family:'Arial';left:164px;top:31px;">10.7</div><div id="a36190_29_78" style="position:absolute;font-family:'Arial';left:190px;top:31px;">% of the Company’s total<div style="display:inline-block;width:5px;white-space:pre"> </div>employees are subject to the Curragh<div style="display:inline-block;width:5px;white-space:pre"> </div>Mine Enterprise </div><div id="a36196" style="position:absolute;font-family:'Arial';left:5px;top:47px;">Agreement 2023.<div style="display:inline-block;width:6px;white-space:pre"> </div>This agreement<div style="display:inline-block;width:6px;white-space:pre"> </div>covers work<div style="display:inline-block;width:6px;white-space:pre"> </div>carried out<div style="display:inline-block;width:5px;white-space:pre"> </div>by permanent,<div style="display:inline-block;width:6px;white-space:pre"> </div>full-time, temporary,<div style="display:inline-block;width:7px;white-space:pre"> </div>and casual<div style="display:inline-block;width:6px;white-space:pre"> </div>coal </div><div id="a36201" style="position:absolute;font-family:'Arial';left:5px;top:62px;">mining employees<div style="display:inline-block;width:6px;white-space:pre"> </div>engaged by<div style="display:inline-block;width:6px;white-space:pre"> </div>Curragh to<div style="display:inline-block;width:6px;white-space:pre"> </div>fulfill<div style="display:inline-block;width:5px;white-space:pre"> </div>production, maintenance<div style="display:inline-block;width:6px;white-space:pre"> </div>and processing<div style="display:inline-block;width:6px;white-space:pre"> </div>activities. Other<div style="display:inline-block;width:6px;white-space:pre"> </div>than </div><div id="a36205" style="position:absolute;font-family:'Arial';left:5px;top:77px;">the<div style="display:inline-block;width:5px;white-space:pre"> </div>Curragh<div style="display:inline-block;width:6px;white-space:pre"> </div>Mine<div style="display:inline-block;width:6px;white-space:pre"> </div>Enterprise<div style="display:inline-block;width:6px;white-space:pre"> </div>Agreement<div style="display:inline-block;width:6px;white-space:pre"> </div>2023,<div style="display:inline-block;width:6px;white-space:pre"> </div>there<div style="display:inline-block;width:6px;white-space:pre"> </div>are<div style="display:inline-block;width:5px;white-space:pre"> </div>no<div style="display:inline-block;width:5px;white-space:pre"> </div>other<div style="display:inline-block;width:6px;white-space:pre"> </div>collective<div style="display:inline-block;width:6px;white-space:pre"> </div>bargaining<div style="display:inline-block;width:6px;white-space:pre"> </div>agreements<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:5px;white-space:pre"> </div>union </div><div id="a36208" style="position:absolute;font-family:'Arial';left:5px;top:93px;">contracts covering employees of the Company. </div><div id="a36211" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:121px;">Transportation </div><div id="a36213" style="position:absolute;font-family:'Arial';left:5px;top:153px;">The Company depends<div style="display:inline-block;width:6px;white-space:pre"> </div>upon port and<div style="display:inline-block;width:6px;white-space:pre"> </div>rail transportation<div style="display:inline-block;width:5px;white-space:pre"> </div>systems to deliver<div style="display:inline-block;width:6px;white-space:pre"> </div>coal to<div style="display:inline-block;width:5px;white-space:pre"> </div>its customers.<div style="display:inline-block;width:5px;white-space:pre"> </div>Disruption of </div><div id="a36214" style="position:absolute;font-family:'Arial';left:5px;top:168px;">these<div style="display:inline-block;width:8px;white-space:pre"> </div>transportation<div style="display:inline-block;width:9px;white-space:pre"> </div>services<div style="display:inline-block;width:9px;white-space:pre"> </div>due<div style="display:inline-block;width:9px;white-space:pre"> </div>to<div style="display:inline-block;width:9px;white-space:pre"> </div>weather-related<div style="display:inline-block;width:9px;white-space:pre"> </div>problems,<div style="display:inline-block;width:9px;white-space:pre"> </div>mechanical<div style="display:inline-block;width:9px;white-space:pre"> </div>difficulties,<div style="display:inline-block;width:9px;white-space:pre"> </div>strikes,<div style="display:inline-block;width:9px;white-space:pre"> </div>lockouts, </div><div id="a36217" style="position:absolute;font-family:'Arial';left:5px;top:183px;">bottlenecks, and other<div style="display:inline-block;width:5px;white-space:pre"> </div>events could temporarily<div style="display:inline-block;width:6px;white-space:pre"> </div>impair the Company’s<div style="display:inline-block;width:6px;white-space:pre"> </div>ability to supply<div style="display:inline-block;width:5px;white-space:pre"> </div>coal to its<div style="display:inline-block;width:5px;white-space:pre"> </div>customers. In </div><div id="a36219" style="position:absolute;font-family:'Arial';left:5px;top:199px;">the past, disruptions in these services have resulted in<div style="display:inline-block;width:5px;white-space:pre"> </div>delayed shipments and production interruptions.</div></div></div></div></div><div id="TextBlockContainer2134" style="position:relative;line-height:normal;width:676px;height:403px;"><div id="div_2131_XBRL_TS_0ba0f3af1047439c8ed29c0ff08c4087" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2132" style="position:relative;line-height:normal;width:676px;height:403px;"><div id="TextContainer2132" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a36223_1_14" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:28px;top:0px;">Going concern </div><div id="a36227" style="position:absolute;font-family:'Arial';left:5px;top:32px;">During the<div style="display:inline-block;width:6px;white-space:pre"> </div>year ended<div style="display:inline-block;width:6px;white-space:pre"> </div>December 31,<div style="display:inline-block;width:6px;white-space:pre"> </div>2025, the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company took<div style="display:inline-block;width:6px;white-space:pre"> </div>decisive actions<div style="display:inline-block;width:6px;white-space:pre"> </div>to enhance<div style="display:inline-block;width:6px;white-space:pre"> </div>liquidity,<div style="display:inline-block;width:6px;white-space:pre"> </div>including </div><div id="a36232" style="position:absolute;font-family:'Arial';left:5px;top:48px;">securing incremental funding and concurrently amending the<div style="display:inline-block;width:2px;white-space:pre"> </div>terms of its financial covenants, materially reducing </div><div id="a36233" style="position:absolute;font-family:'Arial';left:5px;top:63px;">operating and capital costs, and completing other financial support<div style="display:inline-block;width:5px;white-space:pre"> </div>arrangements with Stanwell. </div><div id="a36237" style="position:absolute;font-family:'Arial';left:5px;top:94px;">On November 27,<div style="display:inline-block;width:5px;white-space:pre"> </div>2025, the Company<div style="display:inline-block;width:5px;white-space:pre"> </div>completed refinancing of<div style="display:inline-block;width:5px;white-space:pre"> </div>its existing credit<div style="display:inline-block;width:5px;white-space:pre"> </div>facility with Highland<div style="display:inline-block;width:5px;white-space:pre"> </div>Park XII </div><div id="a36239" style="position:absolute;font-family:'Arial';left:5px;top:110px;">Pte. Ltd, an<div style="display:inline-block;width:5px;white-space:pre"> </div>affiliate of<div style="display:inline-block;width:5px;white-space:pre"> </div>Oaktree Capital Management<div style="display:inline-block;width:6px;white-space:pre"> </div>L.P.,<div style="display:inline-block;width:6px;white-space:pre"> </div>through a new<div style="display:inline-block;width:6px;white-space:pre"> </div>senior secured<div style="display:inline-block;width:5px;white-space:pre"> </div>asset-based revolving </div><div id="a36243" style="position:absolute;font-family:'Arial';left:5px;top:125px;">credit agreement with Stanwell Corporation Limited, or Stanwell, for an aggregate principal amount up to $</div><div id="a36243_106_5" style="position:absolute;font-family:'Arial';left:629px;top:125px;">265.0</div><div id="a36248" style="position:absolute;font-family:'Arial';left:5px;top:140px;">million, or the<div style="display:inline-block;width:5px;white-space:pre"> </div>ABL Facility.<div style="display:inline-block;width:6px;white-space:pre"> </div>The ABL Facility<div style="display:inline-block;width:5px;white-space:pre"> </div>matures in </div><div id="a36248_58_10" style="position:absolute;font-family:'Arial';left:337px;top:140px;">five years</div><div id="a36248_68_20" style="position:absolute;font-family:'Arial';left:394px;top:140px;">, bears interest<div style="display:inline-block;width:5px;white-space:pre"> </div>at </div><div id="a36248_88_1" style="position:absolute;font-family:'Arial';left:502px;top:140px;">9</div><div id="a36248_89_25" style="position:absolute;font-family:'Arial';left:510px;top:140px;">%, which may<div style="display:inline-block;width:5px;white-space:pre"> </div>increase to </div><div id="a36250" style="position:absolute;font-family:'Arial';left:5px;top:156px;">12</div><div id="a36250_2_106" style="position:absolute;font-family:'Arial';left:20px;top:156px;">% per annum<div style="display:inline-block;width:2px;white-space:pre"> </div>depending on the level<div style="display:inline-block;width:2px;white-space:pre"> </div>of the Borrowing<div style="display:inline-block;width:2px;white-space:pre"> </div>Base Ratio and is<div style="display:inline-block;width:2px;white-space:pre"> </div>subject to a<div style="display:inline-block;width:2px;white-space:pre"> </div>minimum Borrowing Base </div><div id="a36252" style="position:absolute;font-family:'Arial';left:5px;top:171px;">Ratio and, from December 31, 2027, the maintenance of gearing ratio and interest coverage<div style="display:inline-block;width:5px;white-space:pre"> </div>ratio. Refer to Note </div><div id="a36255" style="position:absolute;font-family:'Arial';left:5px;top:186px;">15 “Interest Bearing Liabilities” for further information.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a36259" style="position:absolute;font-family:'Arial';left:5px;top:218px;">Concurrently with<div style="display:inline-block;width:6px;white-space:pre"> </div>the entry<div style="display:inline-block;width:6px;white-space:pre"> </div>into the<div style="display:inline-block;width:6px;white-space:pre"> </div>ABL Facility,<div style="display:inline-block;width:7px;white-space:pre"> </div>the Company<div style="display:inline-block;width:6px;white-space:pre"> </div>entered into<div style="display:inline-block;width:6px;white-space:pre"> </div>a Second<div style="display:inline-block;width:6px;white-space:pre"> </div>Amendment Deed<div style="display:inline-block;width:6px;white-space:pre"> </div>that, </div><div id="a36262" style="position:absolute;font-family:'Arial';left:5px;top:233px;">among other matters, amends the terms of its existing Amended Coal Supply Agreement, dated<div style="display:inline-block;width:2px;white-space:pre"> </div>as of November </div><div id="a36263" style="position:absolute;font-family:'Arial';left:5px;top:249px;">6,<div style="display:inline-block;width:5px;white-space:pre"> </div>2009,<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>ACSA,<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>New<div style="display:inline-block;width:5px;white-space:pre"> </div>Coal<div style="display:inline-block;width:6px;white-space:pre"> </div>Supply<div style="display:inline-block;width:6px;white-space:pre"> </div>Agreement,<div style="display:inline-block;width:6px;white-space:pre"> </div>dated<div style="display:inline-block;width:5px;white-space:pre"> </div>as<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>July<div style="display:inline-block;width:6px;white-space:pre"> </div>12,<div style="display:inline-block;width:5px;white-space:pre"> </div>2019,<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>NCSA,<div style="display:inline-block;width:6px;white-space:pre"> </div>with </div><div id="a36266" style="position:absolute;font-family:'Arial';left:5px;top:264px;">Stanwell. These amendments<div style="display:inline-block;width:2px;white-space:pre"> </div>are expected to<div style="display:inline-block;width:2px;white-space:pre"> </div>have a positive<div style="display:inline-block;width:2px;white-space:pre"> </div>incremental impact on<div style="display:inline-block;width:2px;white-space:pre"> </div>operating cashflows through </div><div id="a36269" style="position:absolute;font-family:'Arial';left:5px;top:279px;">the waiver of rebate amounts otherwise payable<div style="display:inline-block;width:2px;white-space:pre"> </div>under the ACSA, deferral of other obligations with<div style="display:inline-block;width:2px;white-space:pre"> </div>Stanwell, and </div><div id="a36271" style="position:absolute;font-family:'Arial';left:5px;top:294px;">prepayments in relation to<div style="display:inline-block;width:5px;white-space:pre"> </div>future annual nominated<div style="display:inline-block;width:5px;white-space:pre"> </div>contract tonnage,<div style="display:inline-block;width:4px;white-space:pre"> </div>and provide material downside<div style="display:inline-block;width:5px;white-space:pre"> </div>protection </div><div id="a36275" style="position:absolute;font-family:'Arial';left:5px;top:310px;">during periods when the Company’s<div style="display:inline-block;width:5px;white-space:pre"> </div>cash balance is below $</div><div id="a36275_57_5" style="position:absolute;font-family:'Arial';left:364px;top:310px;">250.0</div><div id="a36275_62_45" style="position:absolute;font-family:'Arial';left:397px;top:310px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million. These arrangements are<div style="display:inline-block;width:5px;white-space:pre"> </div>intended to </div><div id="a36283" style="position:absolute;font-family:'Arial';left:5px;top:325px;">provide<div style="display:inline-block;width:8px;white-space:pre"> </div>critical<div style="display:inline-block;width:8px;white-space:pre"> </div>cash<div style="display:inline-block;width:8px;white-space:pre"> </div>flow<div style="display:inline-block;width:8px;white-space:pre"> </div>support<div style="display:inline-block;width:8px;white-space:pre"> </div>and<div style="display:inline-block;width:8px;white-space:pre"> </div>financial<div style="display:inline-block;width:8px;white-space:pre"> </div>stability<div style="display:inline-block;width:8px;white-space:pre"> </div>for<div style="display:inline-block;width:8px;white-space:pre"> </div>the<div style="display:inline-block;width:8px;white-space:pre"> </div>Company.<div style="display:inline-block;width:9px;white-space:pre"> </div>The<div style="display:inline-block;width:8px;white-space:pre"> </div>Curragh<div style="display:inline-block;width:8px;white-space:pre"> </div>mine’s<div style="display:inline-block;width:8px;white-space:pre"> </div>strategic </div><div id="a36285" style="position:absolute;font-family:'Arial';left:5px;top:341px;">importance,<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>both<div style="display:inline-block;width:6px;white-space:pre"> </div>Stanwell’s<div style="display:inline-block;width:6px;white-space:pre"> </div>ability<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>economically<div style="display:inline-block;width:6px;white-space:pre"> </div>generate<div style="display:inline-block;width:6px;white-space:pre"> </div>electricity<div style="display:inline-block;width:6px;white-space:pre"> </div>for<div style="display:inline-block;width:6px;white-space:pre"> </div>Queensland<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>Queensland’s </div><div id="a36286" style="position:absolute;font-family:'Arial';left:5px;top:356px;">overall energy<div style="display:inline-block;width:5px;white-space:pre"> </div>security,<div style="display:inline-block;width:5px;white-space:pre"> </div>was the<div style="display:inline-block;width:5px;white-space:pre"> </div>primary motivating<div style="display:inline-block;width:5px;white-space:pre"> </div>factor in<div style="display:inline-block;width:5px;white-space:pre"> </div>Stanwell providing<div style="display:inline-block;width:5px;white-space:pre"> </div>substantial financial<div style="display:inline-block;width:5px;white-space:pre"> </div>assistance </div><div id="a36288" style="position:absolute;font-family:'Arial';left:5px;top:371px;">and concessions<div style="display:inline-block;width:6px;white-space:pre"> </div>to the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company and<div style="display:inline-block;width:5px;white-space:pre"> </div>supporting the<div style="display:inline-block;width:6px;white-space:pre"> </div>ongoing viability<div style="display:inline-block;width:6px;white-space:pre"> </div>of the<div style="display:inline-block;width:5px;white-space:pre"> </div>Curragh mine<div style="display:inline-block;width:6px;white-space:pre"> </div>and the<div style="display:inline-block;width:5px;white-space:pre"> </div>security of </div><div id="a36289" style="position:absolute;font-family:'Arial';left:5px;top:386px;">coal supply to the Stanwell Power Station.<div style="display:inline-block;width:8px;white-space:pre"> </div>Refer to Note 14 “Contract Obligations” for further information. </div></div></div></div></div><div id="TextBlockContainer2138" style="position:relative;line-height:normal;width:676px;height:665px;"><div id="TextContainer2138" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a36305" style="position:absolute;font-family:'Arial';left:5px;top:0px;">On<div style="display:inline-block;width:6px;white-space:pre"> </div>October<div style="display:inline-block;width:7px;white-space:pre"> </div>23,<div style="display:inline-block;width:6px;white-space:pre"> </div>2025,<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>manager<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Financial<div style="display:inline-block;width:7px;white-space:pre"> </div>Provisioning<div style="display:inline-block;width:7px;white-space:pre"> </div>Act,<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Scheme<div style="display:inline-block;width:6px;white-space:pre"> </div>Manager,<div style="display:inline-block;width:7px;white-space:pre"> </div>issued<div style="display:inline-block;width:7px;white-space:pre"> </div>an </div><div id="a36306" style="position:absolute;font-family:'Arial';left:5px;top:15px;">indicative Annual<div style="display:inline-block;width:6px;white-space:pre"> </div>Review<div style="display:inline-block;width:5px;white-space:pre"> </div>Allocation of<div style="display:inline-block;width:6px;white-space:pre"> </div>“High” for<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>Curragh mine<div style="display:inline-block;width:6px;white-space:pre"> </div>complex’s<div style="display:inline-block;width:5px;white-space:pre"> </div>Environmental<div style="display:inline-block;width:5px;white-space:pre"> </div>Authority,<div style="display:inline-block;width:6px;white-space:pre"> </div>or EA, </div><div id="a36307" style="position:absolute;font-family:'Arial';left:5px;top:31px;">number<div style="display:inline-block;width:8px;white-space:pre"> </div>EPML00643713.<div style="display:inline-block;width:8px;white-space:pre"> </div>As<div style="display:inline-block;width:8px;white-space:pre"> </div>permitted<div style="display:inline-block;width:8px;white-space:pre"> </div>under<div style="display:inline-block;width:8px;white-space:pre"> </div>the<div style="display:inline-block;width:8px;white-space:pre"> </div>Financial<div style="display:inline-block;width:8px;white-space:pre"> </div>Provisioning<div style="display:inline-block;width:8px;white-space:pre"> </div>Act,<div style="display:inline-block;width:8px;white-space:pre"> </div>the<div style="display:inline-block;width:8px;white-space:pre"> </div>Company<div style="display:inline-block;width:8px;white-space:pre"> </div>made<div style="display:inline-block;width:8px;white-space:pre"> </div>formal </div><div id="a36309" style="position:absolute;font-family:'Arial';left:5px;top:46px;">submissions to the Scheme manager requesting a review of this indicative rating.<div style="display:inline-block;width:5px;white-space:pre"> </div>Following consideration of the </div><div id="a36310" style="position:absolute;font-family:'Arial';left:5px;top:61px;">Company’s<div style="display:inline-block;width:8px;white-space:pre"> </div>formal<div style="display:inline-block;width:7px;white-space:pre"> </div>submission,<div style="display:inline-block;width:8px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>Scheme<div style="display:inline-block;width:7px;white-space:pre"> </div>Manager<div style="display:inline-block;width:8px;white-space:pre"> </div>applied<div style="display:inline-block;width:7px;white-space:pre"> </div>discretion<div style="display:inline-block;width:7px;white-space:pre"> </div>as<div style="display:inline-block;width:7px;white-space:pre"> </div>permitted<div style="display:inline-block;width:8px;white-space:pre"> </div>under<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>Financial </div><div id="a36314" style="position:absolute;font-family:'Arial';left:5px;top:77px;">Provisioning Act to grant transitional relief allowing the application of the “Moderate-High” risk category. This risk </div><div id="a36317" style="position:absolute;font-family:'Arial';left:5px;top:92px;">category will apply<div style="display:inline-block;width:6px;white-space:pre"> </div>until the next<div style="display:inline-block;width:5px;white-space:pre"> </div>Annual Review Allocation<div style="display:inline-block;width:6px;white-space:pre"> </div>for the Curragh<div style="display:inline-block;width:6px;white-space:pre"> </div>mine complex, which<div style="display:inline-block;width:6px;white-space:pre"> </div>is expected to </div><div id="a36318" style="position:absolute;font-family:'Arial';left:5px;top:107px;">occur in November 2026. </div><div id="a36322" style="position:absolute;font-family:'Arial';left:5px;top:139px;">Under the<div style="display:inline-block;width:5px;white-space:pre"> </div>transitional “Moderate–High”<div style="display:inline-block;width:6px;white-space:pre"> </div>risk category,<div style="display:inline-block;width:6px;white-space:pre"> </div>the Company<div style="display:inline-block;width:5px;white-space:pre"> </div>is required<div style="display:inline-block;width:5px;white-space:pre"> </div>to make<div style="display:inline-block;width:5px;white-space:pre"> </div>an annual<div style="display:inline-block;width:5px;white-space:pre"> </div>contribution </div><div id="a36325" style="position:absolute;font-family:'Arial';left:5px;top:154px;">to the<div style="display:inline-block;width:5px;white-space:pre"> </div>Scheme equivalent<div style="display:inline-block;width:5px;white-space:pre"> </div>to </div><div id="a36325_28_3" style="position:absolute;font-family:'Arial';left:177px;top:154px;">6.5</div><div id="a36325_31_78" style="position:absolute;font-family:'Arial';left:196px;top:154px;">% of<div style="display:inline-block;width:5px;white-space:pre"> </div>Curragh’s Estimated<div style="display:inline-block;width:6px;white-space:pre"> </div>Rehabilitation Cost,<div style="display:inline-block;width:6px;white-space:pre"> </div>or the<div style="display:inline-block;width:5px;white-space:pre"> </div>ERC, rather<div style="display:inline-block;width:5px;white-space:pre"> </div>than provide </div><div id="a36334" style="position:absolute;font-family:'Arial';left:5px;top:169px;">financial<div style="display:inline-block;width:7px;white-space:pre"> </div>assurance<div style="display:inline-block;width:7px;white-space:pre"> </div>in<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>form<div style="display:inline-block;width:7px;white-space:pre"> </div>of<div style="display:inline-block;width:7px;white-space:pre"> </div>bank<div style="display:inline-block;width:7px;white-space:pre"> </div>guarantees,<div style="display:inline-block;width:7px;white-space:pre"> </div>insurance<div style="display:inline-block;width:7px;white-space:pre"> </div>bonds<div style="display:inline-block;width:7px;white-space:pre"> </div>or<div style="display:inline-block;width:7px;white-space:pre"> </div>cash<div style="display:inline-block;width:7px;white-space:pre"> </div>collateral<div style="display:inline-block;width:7px;white-space:pre"> </div>equal<div style="display:inline-block;width:7px;white-space:pre"> </div>to </div><div id="a36334_96_3" style="position:absolute;font-family:'Arial';left:611px;top:169px;">100</div><div id="a36334_99_5" style="position:absolute;font-family:'Arial';left:633px;top:169px;">%<div style="display:inline-block;width:7px;white-space:pre"> </div>of </div><div id="a36335" style="position:absolute;font-family:'Arial';left:5px;top:185px;">Curragh’s ERC. </div><div id="a36338" style="position:absolute;font-family:'Arial';left:5px;top:216px;">The Company’s<div style="display:inline-block;width:5px;white-space:pre"> </div>earnings and cash<div style="display:inline-block;width:6px;white-space:pre"> </div>flows from operating<div style="display:inline-block;width:6px;white-space:pre"> </div>activities for the<div style="display:inline-block;width:6px;white-space:pre"> </div>year ended December<div style="display:inline-block;width:6px;white-space:pre"> </div>31, 2025 were </div><div id="a36342" style="position:absolute;font-family:'Arial';left:5px;top:231px;">significantly<div style="display:inline-block;width:5px;white-space:pre"> </div>impacted<div style="display:inline-block;width:6px;white-space:pre"> </div>by<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>continued<div style="display:inline-block;width:5px;white-space:pre"> </div>subdued<div style="display:inline-block;width:6px;white-space:pre"> </div>performance<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>Met<div style="display:inline-block;width:5px;white-space:pre"> </div>coal<div style="display:inline-block;width:5px;white-space:pre"> </div>markets,<div style="display:inline-block;width:6px;white-space:pre"> </div>which<div style="display:inline-block;width:5px;white-space:pre"> </div>led<div style="display:inline-block;width:5px;white-space:pre"> </div>to<div style="display:inline-block;width:5px;white-space:pre"> </div>low<div style="display:inline-block;width:5px;white-space:pre"> </div>realized </div><div id="a36343" style="position:absolute;font-family:'Arial';left:5px;top:247px;">prices for the coal the Company sells. For the year ended December 31,<div style="display:inline-block;width:2px;white-space:pre"> </div>2025, the Company incurred net losses </div><div id="a36346" style="position:absolute;font-family:'Arial';left:5px;top:262px;">of $</div><div id="a36346_4_5" style="position:absolute;font-family:'Arial';left:27px;top:262px;">432.1</div><div id="a36346_9_103" style="position:absolute;font-family:'Arial';left:61px;top:262px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million. Despite this, the Company<div style="display:inline-block;width:5px;white-space:pre"> </div>was in a materially improved<div style="display:inline-block;width:5px;white-space:pre"> </div>financial position as of December<div style="display:inline-block;width:5px;white-space:pre"> </div>31, </div><div id="a36354" style="position:absolute;font-family:'Arial';left:5px;top:277px;">2025. Since<div style="display:inline-block;width:5px;white-space:pre"> </div>the previous<div style="display:inline-block;width:5px;white-space:pre"> </div>interim period<div style="display:inline-block;width:5px;white-space:pre"> </div>reporting assessment,<div style="display:inline-block;width:5px;white-space:pre"> </div>the Company<div style="display:inline-block;width:5px;white-space:pre"> </div>executed and<div style="display:inline-block;width:5px;white-space:pre"> </div>received significant </div><div id="a36358" style="position:absolute;font-family:'Arial';left:5px;top:293px;">liquidity<div style="display:inline-block;width:5px;white-space:pre"> </div>support<div style="display:inline-block;width:6px;white-space:pre"> </div>from<div style="display:inline-block;width:6px;white-space:pre"> </div>Stanwell,<div style="display:inline-block;width:6px;white-space:pre"> </div>entered<div style="display:inline-block;width:6px;white-space:pre"> </div>into<div style="display:inline-block;width:6px;white-space:pre"> </div>a<div style="display:inline-block;width:5px;white-space:pre"> </div>new<div style="display:inline-block;width:6px;white-space:pre"> </div>ABL<div style="display:inline-block;width:5px;white-space:pre"> </div>Facility<div style="display:inline-block;width:6px;white-space:pre"> </div>with<div style="display:inline-block;width:6px;white-space:pre"> </div>an<div style="display:inline-block;width:5px;white-space:pre"> </div>extended<div style="display:inline-block;width:6px;white-space:pre"> </div>maturity<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>more<div style="display:inline-block;width:6px;white-space:pre"> </div>flexible </div><div id="a36361" style="position:absolute;font-family:'Arial';left:5px;top:308px;">covenant terms (including reducing cross<div style="display:inline-block;width:2px;white-space:pre"> </div>default risk with the<div style="display:inline-block;width:2px;white-space:pre"> </div>Notes), benefited from improving metallurgical coal </div><div id="a36362" style="position:absolute;font-family:'Arial';left:5px;top:323px;">market conditions, demonstrated<div style="display:inline-block;width:2px;white-space:pre"> </div>operational recovery, and obtained<div style="display:inline-block;width:2px;white-space:pre"> </div>clarity regarding the<div style="display:inline-block;width:2px;white-space:pre"> </div>outcome of the<div style="display:inline-block;width:2px;white-space:pre"> </div>Scheme </div><div id="a36364" style="position:absolute;font-family:'Arial';left:5px;top:339px;">Manager’s final Annual Review Allocation. </div><div id="a36367" style="position:absolute;font-family:'Arial';left:5px;top:370px;">As of December 31, 2025, the Company’s available liquidity,<div style="display:inline-block;width:5px;white-space:pre"> </div>consisting of cash and cash equivalents (excluding </div><div id="a36371" style="position:absolute;font-family:'Arial';left:5px;top:385px;">restricted cash), was $</div><div id="a36371_23_5" style="position:absolute;font-family:'Arial';left:138px;top:385px;">172.8</div><div id="a36371_28_10" style="position:absolute;font-family:'Arial';left:172px;top:385px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million. </div><div id="a36375" style="position:absolute;font-family:'Arial';left:5px;top:417px;">After<div style="display:inline-block;width:6px;white-space:pre"> </div>evaluating<div style="display:inline-block;width:6px;white-space:pre"> </div>these<div style="display:inline-block;width:6px;white-space:pre"> </div>factors,<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company<div style="display:inline-block;width:6px;white-space:pre"> </div>has<div style="display:inline-block;width:6px;white-space:pre"> </div>concluded<div style="display:inline-block;width:6px;white-space:pre"> </div>that<div style="display:inline-block;width:6px;white-space:pre"> </div>its<div style="display:inline-block;width:6px;white-space:pre"> </div>current<div style="display:inline-block;width:6px;white-space:pre"> </div>cash<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>cash<div style="display:inline-block;width:6px;white-space:pre"> </div>equivalents<div style="display:inline-block;width:6px;white-space:pre"> </div>and </div><div id="a36376" style="position:absolute;font-family:'Arial';left:5px;top:432px;">forecasted cashflows will be<div style="display:inline-block;width:5px;white-space:pre"> </div>sufficient to fund<div style="display:inline-block;width:5px;white-space:pre"> </div>its operations and satisfy<div style="display:inline-block;width:5px;white-space:pre"> </div>its obligations for at<div style="display:inline-block;width:5px;white-space:pre"> </div>least one year from </div><div id="a36380" style="position:absolute;font-family:'Arial';left:5px;top:447px;">the issuance date of these financial statements.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a36382" style="position:absolute;font-family:'Arial';left:5px;top:479px;">In<div style="display:inline-block;width:7px;white-space:pre"> </div>prior<div style="display:inline-block;width:7px;white-space:pre"> </div>interim<div style="display:inline-block;width:7px;white-space:pre"> </div>reporting<div style="display:inline-block;width:7px;white-space:pre"> </div>periods,<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>Company<div style="display:inline-block;width:7px;white-space:pre"> </div>concluded<div style="display:inline-block;width:7px;white-space:pre"> </div>that<div style="display:inline-block;width:7px;white-space:pre"> </div>conditions<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>events<div style="display:inline-block;width:7px;white-space:pre"> </div>existed<div style="display:inline-block;width:7px;white-space:pre"> </div>that<div style="display:inline-block;width:7px;white-space:pre"> </div>caused </div><div id="a36383" style="position:absolute;font-family:'Arial';left:5px;top:494px;">substantial doubt<div style="display:inline-block;width:6px;white-space:pre"> </div>about its<div style="display:inline-block;width:6px;white-space:pre"> </div>ability to<div style="display:inline-block;width:6px;white-space:pre"> </div>continue<div style="display:inline-block;width:5px;white-space:pre"> </div>as a<div style="display:inline-block;width:6px;white-space:pre"> </div>going concern,<div style="display:inline-block;width:6px;white-space:pre"> </div>primarily<div style="display:inline-block;width:5px;white-space:pre"> </div>due to<div style="display:inline-block;width:6px;white-space:pre"> </div>uncertainty regarding<div style="display:inline-block;width:6px;white-space:pre"> </div>near-</div><div id="a36385" style="position:absolute;font-family:'Arial';left:5px;top:509px;">term liquidity,<div style="display:inline-block;width:5px;white-space:pre"> </div>refinancing of its asse<div style="display:inline-block;width:1px;white-space:pre"> </div>t-based revolving credit facility<div style="display:inline-block;width:5px;white-space:pre"> </div>(which included financial<div style="display:inline-block;width:5px;white-space:pre"> </div>covenants that had </div><div id="a36391" style="position:absolute;font-family:'Arial';left:5px;top:525px;">the potential to result in<div style="display:inline-block;width:2px;white-space:pre"> </div>a cross default with the Company’s Senior Secured<div style="display:inline-block;width:2px;white-space:pre"> </div>Notes) and the potential requirement </div><div id="a36392" style="position:absolute;font-family:'Arial';left:5px;top:540px;">to provide financial assurance under the Mineral and Energy Resources (Financial Provisioning)<div style="display:inline-block;width:5px;white-space:pre"> </div>Act 2018 (Qld), </div><div id="a36394" style="position:absolute;font-family:'Arial';left:5px;top:555px;">or the Financial<div style="display:inline-block;width:2px;white-space:pre"> </div>Provisioning Act. This has<div style="display:inline-block;width:2px;white-space:pre"> </div>now been alleviated as<div style="display:inline-block;width:2px;white-space:pre"> </div>is described above and<div style="display:inline-block;width:2px;white-space:pre"> </div>as such the<div style="display:inline-block;width:2px;white-space:pre"> </div>substantial </div><div id="a36397" style="position:absolute;font-family:'Arial';left:5px;top:571px;">doubt identified in prior interim reporting periods no longer exist<div style="display:inline-block;width:5px;white-space:pre"> </div>at December 31, 2025. </div><div id="a36399" style="position:absolute;font-family:'Arial';left:5px;top:602px;">The<div style="display:inline-block;width:5px;white-space:pre"> </div>Company’s<div style="display:inline-block;width:6px;white-space:pre"> </div>forecasts<div style="display:inline-block;width:6px;white-space:pre"> </div>are<div style="display:inline-block;width:5px;white-space:pre"> </div>subject<div style="display:inline-block;width:5px;white-space:pre"> </div>to<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>achievement<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>production<div style="display:inline-block;width:6px;white-space:pre"> </div>targets,<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>other<div style="display:inline-block;width:5px;white-space:pre"> </div>factors<div style="display:inline-block;width:5px;white-space:pre"> </div>beyond<div style="display:inline-block;width:6px;white-space:pre"> </div>its </div><div id="a36400" style="position:absolute;font-family:'Arial';left:5px;top:617px;">control,<div style="display:inline-block;width:5px;white-space:pre"> </div>including<div style="display:inline-block;width:5px;white-space:pre"> </div>general<div style="display:inline-block;width:5px;white-space:pre"> </div>economic<div style="display:inline-block;width:5px;white-space:pre"> </div>conditions,<div style="display:inline-block;width:5px;white-space:pre"> </div>metallurgical<div style="display:inline-block;width:5px;white-space:pre"> </div>coal<div style="display:inline-block;width:5px;white-space:pre"> </div>pricing,<div style="display:inline-block;width:5px;white-space:pre"> </div>competitive<div style="display:inline-block;width:5px;white-space:pre"> </div>dynamics<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>weather-</div><div id="a36402" style="position:absolute;font-family:'Arial';left:5px;top:633px;">related impacts.<div style="display:inline-block;width:5px;white-space:pre"> </div>The Company’s<div style="display:inline-block;width:6px;white-space:pre"> </div>working capital<div style="display:inline-block;width:5px;white-space:pre"> </div>requirements in<div style="display:inline-block;width:5px;white-space:pre"> </div>the short<div style="display:inline-block;width:5px;white-space:pre"> </div>to medium<div style="display:inline-block;width:5px;white-space:pre"> </div>term are<div style="display:inline-block;width:5px;white-space:pre"> </div>also dependent </div><div id="a36404" style="position:absolute;font-family:'Arial';left:5px;top:648px;">on variations in these factors and the preparation of forecasts<div style="display:inline-block;width:5px;white-space:pre"> </div>requires management judgement.</div></div></div> <div id="TextBlockContainer2075" style="position:relative;line-height:normal;width:676px;height:110px;"><div id="TextContainer2075" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a35869_1_21" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:28px;top:0px;">Nature of operations </div><div id="a35872" style="position:absolute;font-family:'Arial';left:5px;top:32px;">Coronado<div style="display:inline-block;width:7px;white-space:pre"> </div>Global<div style="display:inline-block;width:7px;white-space:pre"> </div>Resources Inc.<div style="display:inline-block;width:7px;white-space:pre"> </div>(together<div style="display:inline-block;width:7px;white-space:pre"> </div>with<div style="display:inline-block;width:7px;white-space:pre"> </div>its<div style="display:inline-block;width:7px;white-space:pre"> </div>subsidiaries,<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>“Company”<div style="display:inline-block;width:7px;white-space:pre"> </div>or<div style="display:inline-block;width:7px;white-space:pre"> </div>“Coronado”)<div style="display:inline-block;width:7px;white-space:pre"> </div>is<div style="display:inline-block;width:7px;white-space:pre"> </div>a<div style="display:inline-block;width:7px;white-space:pre"> </div>global </div><div id="a35875" style="position:absolute;font-family:'Arial';left:5px;top:48px;">producer, marketer,<div style="display:inline-block;width:6px;white-space:pre"> </div>and exporter of a full range<div style="display:inline-block;width:5px;white-space:pre"> </div>of metallurgical coals, an<div style="display:inline-block;width:5px;white-space:pre"> </div>essential element in the production<div style="display:inline-block;width:6px;white-space:pre"> </div>of </div><div id="a35876" style="position:absolute;font-family:'Arial';left:5px;top:63px;">steel. The Company<div style="display:inline-block;width:5px;white-space:pre"> </div>has a portfolio<div style="display:inline-block;width:5px;white-space:pre"> </div>of operating mines<div style="display:inline-block;width:6px;white-space:pre"> </div>and development projects<div style="display:inline-block;width:6px;white-space:pre"> </div>in Queensland, Australia<div style="display:inline-block;width:5px;white-space:pre"> </div>and </div><div id="a35878" style="position:absolute;font-family:'Arial';left:5px;top:78px;">in the<div style="display:inline-block;width:2px;white-space:pre"> </div>states of Pennsylvania,<div style="display:inline-block;width:2px;white-space:pre"> </div>Virginia and West<div style="display:inline-block;width:2px;white-space:pre"> </div>Virginia in the<div style="display:inline-block;width:2px;white-space:pre"> </div>United States, or<div style="display:inline-block;width:2px;white-space:pre"> </div>U.S. For details<div style="display:inline-block;width:2px;white-space:pre"> </div>of the<div style="display:inline-block;width:2px;white-space:pre"> </div>Company’s </div><div id="a35880" style="position:absolute;font-family:'Arial';left:5px;top:94px;">capital structure, refer to Note 5 “Capital Structure” for<div style="display:inline-block;width:5px;white-space:pre"> </div>further information.</div></div></div> <div id="TextBlockContainer2078" style="position:relative;line-height:normal;width:676px;height:152px;"><div id="TextContainer2078" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a35884_4_22" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:28px;top:0px;">Basis of Presentation </div><div id="a35888" style="position:absolute;font-family:'Arial';left:5px;top:30px;">The<div style="display:inline-block;width:7px;white-space:pre"> </div>Consolidated<div style="display:inline-block;width:7px;white-space:pre"> </div>Financial<div style="display:inline-block;width:7px;white-space:pre"> </div>Statements<div style="display:inline-block;width:7px;white-space:pre"> </div>have<div style="display:inline-block;width:7px;white-space:pre"> </div>been<div style="display:inline-block;width:7px;white-space:pre"> </div>prepared<div style="display:inline-block;width:7px;white-space:pre"> </div>in<div style="display:inline-block;width:7px;white-space:pre"> </div>accordance<div style="display:inline-block;width:7px;white-space:pre"> </div>with<div style="display:inline-block;width:7px;white-space:pre"> </div>requirements<div style="display:inline-block;width:7px;white-space:pre"> </div>of<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>U.S. </div><div id="a35891" style="position:absolute;font-family:'Arial';left:5px;top:45px;">Generally Accepted<div style="display:inline-block;width:6px;white-space:pre"> </div>Accounting Principles,<div style="display:inline-block;width:6px;white-space:pre"> </div>or U.S.<div style="display:inline-block;width:5px;white-space:pre"> </div>GAAP,<div style="display:inline-block;width:5px;white-space:pre"> </div>and are<div style="display:inline-block;width:6px;white-space:pre"> </div>presented in<div style="display:inline-block;width:6px;white-space:pre"> </div>U.S. dollars,<div style="display:inline-block;width:6px;white-space:pre"> </div>unless otherwise </div><div id="a35898" style="position:absolute;font-family:'Arial';left:5px;top:61px;">stated. </div><div id="a35900" style="position:absolute;font-family:'Arial';left:5px;top:89px;">The Consolidated Financial<div style="display:inline-block;width:2px;white-space:pre"> </div>Statements include the<div style="display:inline-block;width:2px;white-space:pre"> </div>accounts of the<div style="display:inline-block;width:2px;white-space:pre"> </div>Company and its<div style="display:inline-block;width:2px;white-space:pre"> </div>subsidiaries. The Company, </div><div id="a35905" style="position:absolute;font-family:'Arial';left:5px;top:105px;">or<div style="display:inline-block;width:7px;white-space:pre"> </div>Coronado,<div style="display:inline-block;width:7px;white-space:pre"> </div>are<div style="display:inline-block;width:7px;white-space:pre"> </div>used<div style="display:inline-block;width:7px;white-space:pre"> </div>interchangeably<div style="display:inline-block;width:8px;white-space:pre"> </div>to<div style="display:inline-block;width:7px;white-space:pre"> </div>refer<div style="display:inline-block;width:7px;white-space:pre"> </div>to<div style="display:inline-block;width:7px;white-space:pre"> </div>Coronado<div style="display:inline-block;width:7px;white-space:pre"> </div>Global<div style="display:inline-block;width:7px;white-space:pre"> </div>Resources<div style="display:inline-block;width:8px;white-space:pre"> </div>Inc.<div style="display:inline-block;width:7px;white-space:pre"> </div>or<div style="display:inline-block;width:7px;white-space:pre"> </div>Coronado<div style="display:inline-block;width:7px;white-space:pre"> </div>Global </div><div id="a35910" style="position:absolute;font-family:'Arial';left:5px;top:120px;">Resources Inc.<div style="display:inline-block;width:6px;white-space:pre"> </div>and its<div style="display:inline-block;width:5px;white-space:pre"> </div>subsidiaries, as<div style="display:inline-block;width:6px;white-space:pre"> </div>appropriate to<div style="display:inline-block;width:6px;white-space:pre"> </div>the context.<div style="display:inline-block;width:5px;white-space:pre"> </div>All intercompany<div style="display:inline-block;width:6px;white-space:pre"> </div>balances and<div style="display:inline-block;width:5px;white-space:pre"> </div>transactions </div><div id="a35911" style="position:absolute;font-family:'Arial';left:5px;top:135px;">have been eliminated on consolidation.</div></div></div> <div id="TextBlockContainer2081" style="position:relative;line-height:normal;width:676px;height:357px;"><div id="TextContainer2081" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a35917_1_43" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:28px;top:0px;">Certain Significant Risks and Uncertainties</div><div id="a35920" style="position:absolute;font-family:'Arial';left:5px;top:30px;">External<div style="display:inline-block;width:6px;white-space:pre"> </div>factors,<div style="display:inline-block;width:7px;white-space:pre"> </div>including<div style="display:inline-block;width:6px;white-space:pre"> </div>general<div style="display:inline-block;width:6px;white-space:pre"> </div>economic<div style="display:inline-block;width:6px;white-space:pre"> </div>conditions,<div style="display:inline-block;width:7px;white-space:pre"> </div>international<div style="display:inline-block;width:6px;white-space:pre"> </div>events<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>circumstances,<div style="display:inline-block;width:7px;white-space:pre"> </div>competitor </div><div id="a35921" style="position:absolute;font-family:'Arial';left:5px;top:45px;">actions, governmental actions<div style="display:inline-block;width:5px;white-space:pre"> </div>and regulations are beyond<div style="display:inline-block;width:5px;white-space:pre"> </div>the Company’s control<div style="display:inline-block;width:5px;white-space:pre"> </div>and can cause fluctuations<div style="display:inline-block;width:5px;white-space:pre"> </div>in </div><div id="a35922" style="position:absolute;font-family:'Arial';left:5px;top:61px;">demand<div style="display:inline-block;width:5px;white-space:pre"> </div>for<div style="display:inline-block;width:5px;white-space:pre"> </div>coal<div style="display:inline-block;width:5px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>volatility<div style="display:inline-block;width:5px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>price<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>commodities.<div style="display:inline-block;width:5px;white-space:pre"> </div>This<div style="display:inline-block;width:5px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>turn<div style="display:inline-block;width:5px;white-space:pre"> </div>may<div style="display:inline-block;width:5px;white-space:pre"> </div>adversely<div style="display:inline-block;width:5px;white-space:pre"> </div>impact<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company’s </div><div id="a35924" style="position:absolute;font-family:'Arial';left:5px;top:76px;">future operating results and purchase or investment opportunities<div style="display:inline-block;width:5px;white-space:pre"> </div>in the coal mining industry. </div><div id="a35929" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:107px;">Concentration of customers </div><div id="a35931" style="position:absolute;font-family:'Arial';left:5px;top:139px;">The Company has a credit<div style="display:inline-block;width:5px;white-space:pre"> </div>policy that establishes procedures<div style="display:inline-block;width:5px;white-space:pre"> </div>to determine creditworthiness<div style="display:inline-block;width:5px;white-space:pre"> </div>and credit limits for </div><div id="a35932" style="position:absolute;font-family:'Arial';left:5px;top:154px;">trade customers and counterparties<div style="display:inline-block;width:5px;white-space:pre"> </div>in the over-the-counter coal<div style="display:inline-block;width:5px;white-space:pre"> </div>market. Generally,<div style="display:inline-block;width:5px;white-space:pre"> </div>credit is extended based on </div><div id="a35937" style="position:absolute;font-family:'Arial';left:5px;top:169px;">an evaluation<div style="display:inline-block;width:5px;white-space:pre"> </div>of the customer’s<div style="display:inline-block;width:6px;white-space:pre"> </div>financial condition.<div style="display:inline-block;width:5px;white-space:pre"> </div>Collateral is<div style="display:inline-block;width:5px;white-space:pre"> </div>not generally<div style="display:inline-block;width:5px;white-space:pre"> </div>required, unless<div style="display:inline-block;width:5px;white-space:pre"> </div>credit cannot<div style="display:inline-block;width:5px;white-space:pre"> </div>be </div><div id="a35939" style="position:absolute;font-family:'Arial';left:5px;top:185px;">established.<div style="display:inline-block;width:4px;white-space:pre"> </div></div><div id="a35941" style="position:absolute;font-family:'Arial';left:5px;top:216px;">Payments from customers are generally due between </div><div id="a35941_50_2" style="position:absolute;font-family:'Arial';left:322px;top:216px;">21</div><div id="a35941_52_4" style="position:absolute;font-family:'Arial';left:336px;top:216px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>to </div><div id="a35941_56_2" style="position:absolute;font-family:'Arial';left:354px;top:216px;">90</div><div id="a35941_58_54" style="position:absolute;font-family:'Arial';left:369px;top:216px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>days after invoicing. Invoicing usually occurs after </div><div id="a35949" style="position:absolute;font-family:'Arial';left:5px;top:231px;">shipment or delivery of goods.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a35951" style="position:absolute;font-family:'Arial';left:5px;top:263px;">The Company had certain customers<div style="display:inline-block;width:2px;white-space:pre"> </div>whose accounts receivable balances individually represented </div><div id="a35951_94_2" style="position:absolute;font-family:'Arial';left:587px;top:263px;">10</div><div id="a35951_96_10" style="position:absolute;font-family:'Arial';left:602px;top:263px;">% or more </div><div id="a35952" style="position:absolute;font-family:'Arial';left:5px;top:278px;">of<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company’s<div style="display:inline-block;width:6px;white-space:pre"> </div>total<div style="display:inline-block;width:6px;white-space:pre"> </div>accounts<div style="display:inline-block;width:6px;white-space:pre"> </div>receivable,<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:6px;white-space:pre"> </div>whose<div style="display:inline-block;width:6px;white-space:pre"> </div>revenue<div style="display:inline-block;width:6px;white-space:pre"> </div>individually<div style="display:inline-block;width:6px;white-space:pre"> </div>represented </div><div id="a35952_86_2" style="position:absolute;font-family:'Arial';left:541px;top:278px;">10</div><div id="a35952_88_17" style="position:absolute;font-family:'Arial';left:556px;top:278px;">%<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:6px;white-space:pre"> </div>more<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>the </div><div id="a35953" style="position:absolute;font-family:'Arial';left:5px;top:293px;">Company’s total revenue. </div><div id="a35956" style="position:absolute;font-family:'Arial';left:5px;top:325px;">The<div style="display:inline-block;width:6px;white-space:pre"> </div>following<div style="display:inline-block;width:6px;white-space:pre"> </div>table<div style="display:inline-block;width:6px;white-space:pre"> </div>summarizes<div style="display:inline-block;width:6px;white-space:pre"> </div>any<div style="display:inline-block;width:6px;white-space:pre"> </div>customer<div style="display:inline-block;width:6px;white-space:pre"> </div>whose<div style="display:inline-block;width:6px;white-space:pre"> </div>revenue<div style="display:inline-block;width:6px;white-space:pre"> </div>individually<div style="display:inline-block;width:6px;white-space:pre"> </div>represented </div><div id="a35956_83_2" style="position:absolute;font-family:'Arial';left:540px;top:325px;">10</div><div id="a35956_85_17" style="position:absolute;font-family:'Arial';left:555px;top:325px;">%<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:6px;white-space:pre"> </div>more<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>the </div><div id="a35957" style="position:absolute;font-family:'Arial';left:5px;top:340px;">Company’s total coal revenues in the year ended<div style="display:inline-block;width:5px;white-space:pre"> </div>December 31, 2025.</div></div></div><div id="TextBlockContainer2091" style="position:relative;line-height:normal;width:667px;height:75px;"><div style="position:absolute; width:80px; height:1px; left:410.2px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:490.2px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:490.8px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:496.1px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:496.7px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:576.1px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.4px; height:1px; left:576.8px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:582.2px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:582.9px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:80px; height:1px; left:410.2px; top:32.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:80px; height:1px; left:496.1px; top:32.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:80px; height:1px; left:582.2px; top:32.8px; background-color:#407EC9; "> </div> <div id="TextContainer2091" style="position:relative;width:667px;z-index:1;font-size:13.28px;"><div id="a35966" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:471px;top:0px;">Year Ended December 31, </div><div id="a35970" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:438px;top:21px;">2025 </div><div id="a35973" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:524px;top:21px;">2024 </div><div id="a35976" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:610px;top:21px;">2023 </div><div id="a35978" style="position:absolute;font-family:'Arial';left:7px;top:38px;">Tata<div style="display:inline-block;width:5px;white-space:pre"> </div>Steel </div><div id="a35981" style="position:absolute;font-family:'Arial';left:457px;top:38px;display:flex;">18%</div><div id="a35984" style="position:absolute;font-family:'Arial';left:543px;top:38px;display:flex;">20%</div><div id="a35987" style="position:absolute;font-family:'Arial';left:629px;top:38px;display:flex;">21%</div><div id="a35989" style="position:absolute;font-family:'Arial';left:7px;top:58px;">ArcelorMittal </div><div id="a35992" style="position:absolute;font-family:'Arial';left:457px;top:58px;display:flex;">12%</div><div id="a35995" style="position:absolute;font-family:'Arial';left:550px;top:58px;display:flex;">9%</div><div id="a35998" style="position:absolute;font-family:'Arial';left:629px;top:58px;display:flex;">10%</div></div></div><div id="TextBlockContainer2099" style="position:relative;line-height:normal;width:676px;height:93px;"><div id="TextContainer2099" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a36001" style="position:absolute;font-family:'Arial';left:5px;top:0px;">For the year ended December 31, 2025, $</div><div id="a36001_39_5" style="position:absolute;font-family:'Arial';left:252px;top:0px;">985.0</div><div id="a36001_44_13" style="position:absolute;font-family:'Arial';left:286px;top:0px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million, or </div><div id="a36001_57_4" style="position:absolute;font-family:'Arial';left:350px;top:0px;">51.1</div><div id="a36001_61_47" style="position:absolute;font-family:'Arial';left:376px;top:0px;">%, of total coal revenues were attributable to </div><div id="a36001_108_4" style="position:absolute;font-family:'Arial';left:642px;top:0px;">five</div><div id="a36013" style="position:absolute;font-family:'Arial';left:5px;top:15px;">customers.<div style="display:inline-block;width:6px;white-space:pre"> </div>In<div style="display:inline-block;width:6px;white-space:pre"> </div>comparison,<div style="display:inline-block;width:6px;white-space:pre"> </div>for<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>year<div style="display:inline-block;width:6px;white-space:pre"> </div>ended<div style="display:inline-block;width:6px;white-space:pre"> </div>December<div style="display:inline-block;width:6px;white-space:pre"> </div>31,<div style="display:inline-block;width:6px;white-space:pre"> </div>2024,<div style="display:inline-block;width:6px;white-space:pre"> </div>$</div><div id="a36013_65_7" style="position:absolute;font-family:'Arial';left:430px;top:15px;">1,330.4</div><div id="a36013_72_13" style="position:absolute;font-family:'Arial';left:474px;top:15px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million,<div style="display:inline-block;width:6px;white-space:pre"> </div>or </div><div id="a36013_85_4" style="position:absolute;font-family:'Arial';left:543px;top:15px;">54.6</div><div id="a36013_89_17" style="position:absolute;font-family:'Arial';left:569px;top:15px;">%,<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>total<div style="display:inline-block;width:6px;white-space:pre"> </div>coal </div><div id="a36023" style="position:absolute;font-family:'Arial';left:5px;top:31px;">revenues were<div style="display:inline-block;width:6px;white-space:pre"> </div>attributable to </div><div id="a36023_30_4" style="position:absolute;font-family:'Arial';left:184px;top:31px;">five</div><div id="a36023_34_55" style="position:absolute;font-family:'Arial';left:205px;top:31px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>customers, and<div style="display:inline-block;width:6px;white-space:pre"> </div>for the<div style="display:inline-block;width:6px;white-space:pre"> </div>year ended<div style="display:inline-block;width:6px;white-space:pre"> </div>December 31,<div style="display:inline-block;width:6px;white-space:pre"> </div>2023, $</div><div id="a36023_89_7" style="position:absolute;font-family:'Arial';left:556px;top:31px;">1,509.1</div><div id="a36023_96_13" style="position:absolute;font-family:'Arial';left:600px;top:31px;"><div style="display:inline-block;width:5px;white-space:pre"> </div>million, or </div><div id="a36037" style="position:absolute;font-family:'Arial';left:5px;top:46px;">53.3</div><div id="a36037_4_47" style="position:absolute;font-family:'Arial';left:31px;top:46px;">%, of total<div style="display:inline-block;width:5px;white-space:pre"> </div>coal revenues<div style="display:inline-block;width:5px;white-space:pre"> </div>were attributable to </div><div id="a36037_51_4" style="position:absolute;font-family:'Arial';left:301px;top:46px;">five</div><div id="a36037_55_53" style="position:absolute;font-family:'Arial';left:322px;top:46px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>customers. As of<div style="display:inline-block;width:5px;white-space:pre"> </div>December 31, 2025,<div style="display:inline-block;width:6px;white-space:pre"> </div>the Company had </div><div id="a36049" style="position:absolute;font-family:'Arial';left:5px;top:61px;">four</div><div id="a36049_4_31" style="position:absolute;font-family:'Arial';left:28px;top:61px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>customers that<div style="display:inline-block;width:5px;white-space:pre"> </div>accounted for<div style="display:inline-block;width:5px;white-space:pre"> </div>$</div><div id="a36049_35_5" style="position:absolute;font-family:'Arial';left:218px;top:61px;">130.7</div><div id="a36049_40_13" style="position:absolute;font-family:'Arial';left:251px;top:61px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million, or </div><div id="a36049_53_4" style="position:absolute;font-family:'Arial';left:317px;top:61px;">51.3</div><div id="a36049_57_52" style="position:absolute;font-family:'Arial';left:343px;top:61px;">%, of<div style="display:inline-block;width:5px;white-space:pre"> </div>accounts receivable.<div style="display:inline-block;width:6px;white-space:pre"> </div>As of<div style="display:inline-block;width:5px;white-space:pre"> </div>December 31,<div style="display:inline-block;width:5px;white-space:pre"> </div>2024, </div><div id="a36060" style="position:absolute;font-family:'Arial';left:5px;top:77px;">the Company had </div><div id="a36060_16_4" style="position:absolute;font-family:'Arial';left:114px;top:77px;">four</div><div id="a36060_20_31" style="position:absolute;font-family:'Arial';left:137px;top:77px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>customers that accounted for $</div><div id="a36060_51_5" style="position:absolute;font-family:'Arial';left:324px;top:77px;">119.2</div><div id="a36060_56_13" style="position:absolute;font-family:'Arial';left:357px;top:77px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million, or </div><div id="a36060_69_4" style="position:absolute;font-family:'Arial';left:421px;top:77px;">56.9</div><div id="a36060_73_26" style="position:absolute;font-family:'Arial';left:447px;top:77px;">%, of accounts receivable.</div></div></div><div id="TextBlockContainer2105" style="position:relative;line-height:normal;width:676px;height:32px;"><div id="TextContainer2105" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a36085" style="position:absolute;font-family:'Arial';left:5px;top:0px;">The<div style="display:inline-block;width:5px;white-space:pre"> </div>following<div style="display:inline-block;width:6px;white-space:pre"> </div>table<div style="display:inline-block;width:6px;white-space:pre"> </div>presents<div style="display:inline-block;width:6px;white-space:pre"> </div>revenues<div style="display:inline-block;width:6px;white-space:pre"> </div>as<div style="display:inline-block;width:5px;white-space:pre"> </div>a<div style="display:inline-block;width:6px;white-space:pre"> </div>percent<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>total<div style="display:inline-block;width:5px;white-space:pre"> </div>revenue<div style="display:inline-block;width:6px;white-space:pre"> </div>from<div style="display:inline-block;width:6px;white-space:pre"> </div>external<div style="display:inline-block;width:6px;white-space:pre"> </div>customers<div style="display:inline-block;width:6px;white-space:pre"> </div>by<div style="display:inline-block;width:5px;white-space:pre"> </div>geographic </div><div id="a36086" style="position:absolute;font-family:'Arial';left:5px;top:15px;">region:</div></div></div><div id="TextBlockContainer2114" style="position:relative;line-height:normal;width:667px;height:165px;"><div id="div_2111_XBRL_TS_1b290bf1199c4d8e9e312f06dcdab0ab" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2112" style="position:relative;line-height:normal;width:667px;height:165px;"><div style="position:absolute; width:80px; height:1px; left:410.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:490.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:490.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:496.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:496.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:576.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.4px; height:1px; left:576.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:582.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:582.9px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:80px; height:1px; left:410.2px; top:31.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:80px; height:1px; left:496.1px; top:31.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:80px; height:1px; left:582.2px; top:31.3px; background-color:#407EC9; "> </div> <div id="TextContainer2112" style="position:relative;width:667px;z-index:1;font-size:13.28px;"><div id="a36090" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:471px;top:0px;">Year Ended December 31, </div><div id="a36094" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:438px;top:19px;">2025 </div><div id="a36097" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:524px;top:19px;">2024 </div><div id="a36100" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:610px;top:19px;">2023 </div><div id="a36102" style="position:absolute;font-family:'Arial';left:7px;top:36px;">Asia </div><div id="a36105" style="position:absolute;font-family:'Arial';left:457px;top:36px;display:flex;">50%</div><div id="a36108" style="position:absolute;font-family:'Arial';left:543px;top:36px;display:flex;">59%</div><div id="a36111" style="position:absolute;font-family:'Arial';left:629px;top:36px;display:flex;">50%</div><div id="a36113" style="position:absolute;font-family:'Arial';left:7px;top:54px;">North America </div><div id="a36116" style="position:absolute;font-family:'Arial';left:457px;top:54px;display:flex;">16%</div><div id="a36119" style="position:absolute;font-family:'Arial';left:543px;top:54px;display:flex;">14%</div><div id="a36122" style="position:absolute;font-family:'Arial';left:629px;top:54px;display:flex;">11%</div><div id="a36124" style="position:absolute;font-family:'Arial';left:7px;top:73px;">South America </div><div id="a36127" style="position:absolute;font-family:'Arial';left:457px;top:73px;display:flex;">10%</div><div id="a36130" style="position:absolute;font-family:'Arial';left:550px;top:73px;display:flex;">8%</div><div id="a36133" style="position:absolute;font-family:'Arial';left:636px;top:73px;display:flex;">8%</div><div id="a36135" style="position:absolute;font-family:'Arial';left:7px;top:92px;">Europe </div><div id="a36138" style="position:absolute;font-family:'Arial';left:464px;top:92px;display:flex;">9%</div><div id="a36141" style="position:absolute;font-family:'Arial';left:550px;top:92px;display:flex;">7%</div><div id="a36144" style="position:absolute;font-family:'Arial';left:636px;top:92px;display:flex;">6%</div><div id="a36146" style="position:absolute;font-family:'Arial';left:7px;top:110px;">Australia </div><div id="a36149" style="position:absolute;font-family:'Arial';left:464px;top:110px;display:flex;">6%</div><div id="a36152" style="position:absolute;font-family:'Arial';left:550px;top:110px;display:flex;">3%</div><div id="a36155" style="position:absolute;font-family:'Arial';left:636px;top:110px;display:flex;">4%</div><div id="a36157" style="position:absolute;font-family:'Arial';left:7px;top:129px;">Brokered sales </div><div id="a36160" style="position:absolute;font-family:'Arial';left:464px;top:129px;display:flex;">9%</div><div id="a36163" style="position:absolute;font-family:'Arial';left:550px;top:129px;display:flex;">9%</div><div id="a36166" style="position:absolute;font-family:'Arial';left:629px;top:129px;display:flex;">21%</div><div id="a36168" style="position:absolute;font-family:'Arial';left:7px;top:148px;">Total </div><div id="a36171" style="position:absolute;font-family:'Arial';left:450px;top:148px;display:flex;">100%</div><div id="a36174" style="position:absolute;font-family:'Arial';left:535px;top:148px;display:flex;">100%</div><div id="a36177" style="position:absolute;font-family:'Arial';left:622px;top:148px;display:flex;">100%</div></div></div></div></div><div id="TextBlockContainer2120" style="position:relative;line-height:normal;width:676px;height:47px;"><div id="TextContainer2120" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a36179" style="position:absolute;font-family:'Arial';left:5px;top:0px;">The Company uses shipping destination as the<div style="display:inline-block;width:5px;white-space:pre"> </div>basis for attributing revenue to individual<div style="display:inline-block;width:5px;white-space:pre"> </div>countries. The transfer </div><div id="a36183" style="position:absolute;font-family:'Arial';left:5px;top:15px;">of title on<div style="display:inline-block;width:5px;white-space:pre"> </div>brokered transactions<div style="display:inline-block;width:5px;white-space:pre"> </div>may occur at<div style="display:inline-block;width:6px;white-space:pre"> </div>a point that<div style="display:inline-block;width:5px;white-space:pre"> </div>does not reflect<div style="display:inline-block;width:6px;white-space:pre"> </div>the end usage<div style="display:inline-block;width:6px;white-space:pre"> </div>point, therefore<div style="display:inline-block;width:5px;white-space:pre"> </div>these </div><div id="a36184" style="position:absolute;font-family:'Arial';left:5px;top:31px;">sales are reflected as exports and classified as brokerage sales.</div></div></div><div id="TextBlockContainer2126" style="position:relative;line-height:normal;width:676px;height:215px;"><div id="TextContainer2126" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a36188" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:0px;">Concentration of labor </div><div id="a36190" style="position:absolute;font-family:'Arial';left:5px;top:31px;">As of December 31, 2025, </div><div id="a36190_25_4" style="position:absolute;font-family:'Arial';left:164px;top:31px;">10.7</div><div id="a36190_29_78" style="position:absolute;font-family:'Arial';left:190px;top:31px;">% of the Company’s total<div style="display:inline-block;width:5px;white-space:pre"> </div>employees are subject to the Curragh<div style="display:inline-block;width:5px;white-space:pre"> </div>Mine Enterprise </div><div id="a36196" style="position:absolute;font-family:'Arial';left:5px;top:47px;">Agreement 2023.<div style="display:inline-block;width:6px;white-space:pre"> </div>This agreement<div style="display:inline-block;width:6px;white-space:pre"> </div>covers work<div style="display:inline-block;width:6px;white-space:pre"> </div>carried out<div style="display:inline-block;width:5px;white-space:pre"> </div>by permanent,<div style="display:inline-block;width:6px;white-space:pre"> </div>full-time, temporary,<div style="display:inline-block;width:7px;white-space:pre"> </div>and casual<div style="display:inline-block;width:6px;white-space:pre"> </div>coal </div><div id="a36201" style="position:absolute;font-family:'Arial';left:5px;top:62px;">mining employees<div style="display:inline-block;width:6px;white-space:pre"> </div>engaged by<div style="display:inline-block;width:6px;white-space:pre"> </div>Curragh to<div style="display:inline-block;width:6px;white-space:pre"> </div>fulfill<div style="display:inline-block;width:5px;white-space:pre"> </div>production, maintenance<div style="display:inline-block;width:6px;white-space:pre"> </div>and processing<div style="display:inline-block;width:6px;white-space:pre"> </div>activities. Other<div style="display:inline-block;width:6px;white-space:pre"> </div>than </div><div id="a36205" style="position:absolute;font-family:'Arial';left:5px;top:77px;">the<div style="display:inline-block;width:5px;white-space:pre"> </div>Curragh<div style="display:inline-block;width:6px;white-space:pre"> </div>Mine<div style="display:inline-block;width:6px;white-space:pre"> </div>Enterprise<div style="display:inline-block;width:6px;white-space:pre"> </div>Agreement<div style="display:inline-block;width:6px;white-space:pre"> </div>2023,<div style="display:inline-block;width:6px;white-space:pre"> </div>there<div style="display:inline-block;width:6px;white-space:pre"> </div>are<div style="display:inline-block;width:5px;white-space:pre"> </div>no<div style="display:inline-block;width:5px;white-space:pre"> </div>other<div style="display:inline-block;width:6px;white-space:pre"> </div>collective<div style="display:inline-block;width:6px;white-space:pre"> </div>bargaining<div style="display:inline-block;width:6px;white-space:pre"> </div>agreements<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:5px;white-space:pre"> </div>union </div><div id="a36208" style="position:absolute;font-family:'Arial';left:5px;top:93px;">contracts covering employees of the Company. </div><div id="a36211" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:121px;">Transportation </div><div id="a36213" style="position:absolute;font-family:'Arial';left:5px;top:153px;">The Company depends<div style="display:inline-block;width:6px;white-space:pre"> </div>upon port and<div style="display:inline-block;width:6px;white-space:pre"> </div>rail transportation<div style="display:inline-block;width:5px;white-space:pre"> </div>systems to deliver<div style="display:inline-block;width:6px;white-space:pre"> </div>coal to<div style="display:inline-block;width:5px;white-space:pre"> </div>its customers.<div style="display:inline-block;width:5px;white-space:pre"> </div>Disruption of </div><div id="a36214" style="position:absolute;font-family:'Arial';left:5px;top:168px;">these<div style="display:inline-block;width:8px;white-space:pre"> </div>transportation<div style="display:inline-block;width:9px;white-space:pre"> </div>services<div style="display:inline-block;width:9px;white-space:pre"> </div>due<div style="display:inline-block;width:9px;white-space:pre"> </div>to<div style="display:inline-block;width:9px;white-space:pre"> </div>weather-related<div style="display:inline-block;width:9px;white-space:pre"> </div>problems,<div style="display:inline-block;width:9px;white-space:pre"> </div>mechanical<div style="display:inline-block;width:9px;white-space:pre"> </div>difficulties,<div style="display:inline-block;width:9px;white-space:pre"> </div>strikes,<div style="display:inline-block;width:9px;white-space:pre"> </div>lockouts, </div><div id="a36217" style="position:absolute;font-family:'Arial';left:5px;top:183px;">bottlenecks, and other<div style="display:inline-block;width:5px;white-space:pre"> </div>events could temporarily<div style="display:inline-block;width:6px;white-space:pre"> </div>impair the Company’s<div style="display:inline-block;width:6px;white-space:pre"> </div>ability to supply<div style="display:inline-block;width:5px;white-space:pre"> </div>coal to its<div style="display:inline-block;width:5px;white-space:pre"> </div>customers. In </div><div id="a36219" style="position:absolute;font-family:'Arial';left:5px;top:199px;">the past, disruptions in these services have resulted in<div style="display:inline-block;width:5px;white-space:pre"> </div>delayed shipments and production interruptions.</div></div></div> P21D P90D 0.10 0.10 0.10 <div id="TextBlockContainer2095" style="position:relative;line-height:normal;width:667px;height:75px;"><div id="div_2089_XBRL_TS_7e75c6df0f6648c480c1164953f05321" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2093" style="position:relative;line-height:normal;width:667px;height:75px;"><div id="div_2090_XBRL_TS_55a32cc7caed4c2fb231ea270c6e7b06" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2091" style="position:relative;line-height:normal;width:667px;height:75px;"><div style="position:absolute; width:80px; height:1px; left:410.2px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:490.2px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:490.8px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:496.1px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:496.7px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:576.1px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.4px; height:1px; left:576.8px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:582.2px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:582.9px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:80px; height:1px; left:410.2px; top:32.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:80px; height:1px; left:496.1px; top:32.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:80px; height:1px; left:582.2px; top:32.8px; background-color:#407EC9; "> </div> <div id="TextContainer2091" style="position:relative;width:667px;z-index:1;font-size:13.28px;"><div id="a35966" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:471px;top:0px;">Year Ended December 31, </div><div id="a35970" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:438px;top:21px;">2025 </div><div id="a35973" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:524px;top:21px;">2024 </div><div id="a35976" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:610px;top:21px;">2023 </div><div id="a35978" style="position:absolute;font-family:'Arial';left:7px;top:38px;">Tata<div style="display:inline-block;width:5px;white-space:pre"> </div>Steel </div><div id="a35981" style="position:absolute;font-family:'Arial';left:457px;top:38px;display:flex;">18%</div><div id="a35984" style="position:absolute;font-family:'Arial';left:543px;top:38px;display:flex;">20%</div><div id="a35987" style="position:absolute;font-family:'Arial';left:629px;top:38px;display:flex;">21%</div><div id="a35989" style="position:absolute;font-family:'Arial';left:7px;top:58px;">ArcelorMittal </div><div id="a35992" style="position:absolute;font-family:'Arial';left:457px;top:58px;display:flex;">12%</div><div id="a35995" style="position:absolute;font-family:'Arial';left:550px;top:58px;display:flex;">9%</div><div id="a35998" style="position:absolute;font-family:'Arial';left:629px;top:58px;display:flex;">10%</div></div></div></div></div></div></div> 0.18 0.20 0.21 0.12 0.09 0.10 985000000.0 0.511 5 1330400000 0.546 5 1509100000 0.533 5 4 130700000 0.513 4 119200000 0.569 <div id="TextBlockContainer2112" style="position:relative;line-height:normal;width:667px;height:165px;"><div style="position:absolute; width:80px; height:1px; left:410.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:490.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:490.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:496.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:496.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:576.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.4px; height:1px; left:576.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:582.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:582.9px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:80px; height:1px; left:410.2px; top:31.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:80px; height:1px; left:496.1px; top:31.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:80px; height:1px; left:582.2px; top:31.3px; background-color:#407EC9; "> </div> <div id="TextContainer2112" style="position:relative;width:667px;z-index:1;font-size:13.28px;"><div id="a36090" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:471px;top:0px;">Year Ended December 31, </div><div id="a36094" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:438px;top:19px;">2025 </div><div id="a36097" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:524px;top:19px;">2024 </div><div id="a36100" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:610px;top:19px;">2023 </div><div id="a36102" style="position:absolute;font-family:'Arial';left:7px;top:36px;">Asia </div><div id="a36105" style="position:absolute;font-family:'Arial';left:457px;top:36px;display:flex;">50%</div><div id="a36108" style="position:absolute;font-family:'Arial';left:543px;top:36px;display:flex;">59%</div><div id="a36111" style="position:absolute;font-family:'Arial';left:629px;top:36px;display:flex;">50%</div><div id="a36113" style="position:absolute;font-family:'Arial';left:7px;top:54px;">North America </div><div id="a36116" style="position:absolute;font-family:'Arial';left:457px;top:54px;display:flex;">16%</div><div id="a36119" style="position:absolute;font-family:'Arial';left:543px;top:54px;display:flex;">14%</div><div id="a36122" style="position:absolute;font-family:'Arial';left:629px;top:54px;display:flex;">11%</div><div id="a36124" style="position:absolute;font-family:'Arial';left:7px;top:73px;">South America </div><div id="a36127" style="position:absolute;font-family:'Arial';left:457px;top:73px;display:flex;">10%</div><div id="a36130" style="position:absolute;font-family:'Arial';left:550px;top:73px;display:flex;">8%</div><div id="a36133" style="position:absolute;font-family:'Arial';left:636px;top:73px;display:flex;">8%</div><div id="a36135" style="position:absolute;font-family:'Arial';left:7px;top:92px;">Europe </div><div id="a36138" style="position:absolute;font-family:'Arial';left:464px;top:92px;display:flex;">9%</div><div id="a36141" style="position:absolute;font-family:'Arial';left:550px;top:92px;display:flex;">7%</div><div id="a36144" style="position:absolute;font-family:'Arial';left:636px;top:92px;display:flex;">6%</div><div id="a36146" style="position:absolute;font-family:'Arial';left:7px;top:110px;">Australia </div><div id="a36149" style="position:absolute;font-family:'Arial';left:464px;top:110px;display:flex;">6%</div><div id="a36152" style="position:absolute;font-family:'Arial';left:550px;top:110px;display:flex;">3%</div><div id="a36155" style="position:absolute;font-family:'Arial';left:636px;top:110px;display:flex;">4%</div><div id="a36157" style="position:absolute;font-family:'Arial';left:7px;top:129px;">Brokered sales </div><div id="a36160" style="position:absolute;font-family:'Arial';left:464px;top:129px;display:flex;">9%</div><div id="a36163" style="position:absolute;font-family:'Arial';left:550px;top:129px;display:flex;">9%</div><div id="a36166" style="position:absolute;font-family:'Arial';left:629px;top:129px;display:flex;">21%</div><div id="a36168" style="position:absolute;font-family:'Arial';left:7px;top:148px;">Total </div><div id="a36171" style="position:absolute;font-family:'Arial';left:450px;top:148px;display:flex;">100%</div><div id="a36174" style="position:absolute;font-family:'Arial';left:535px;top:148px;display:flex;">100%</div><div id="a36177" style="position:absolute;font-family:'Arial';left:622px;top:148px;display:flex;">100%</div></div></div> 0.50 0.59 0.50 0.16 0.14 0.11 0.10 0.08 0.08 0.09 0.07 0.06 0.06 0.03 0.04 0.09 0.09 0.21 1 1 1 0.107 <div id="TextBlockContainer2132" style="position:relative;line-height:normal;width:676px;height:403px;"><div id="TextContainer2132" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a36223_1_14" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:28px;top:0px;">Going concern </div><div id="a36227" style="position:absolute;font-family:'Arial';left:5px;top:32px;">During the<div style="display:inline-block;width:6px;white-space:pre"> </div>year ended<div style="display:inline-block;width:6px;white-space:pre"> </div>December 31,<div style="display:inline-block;width:6px;white-space:pre"> </div>2025, the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company took<div style="display:inline-block;width:6px;white-space:pre"> </div>decisive actions<div style="display:inline-block;width:6px;white-space:pre"> </div>to enhance<div style="display:inline-block;width:6px;white-space:pre"> </div>liquidity,<div style="display:inline-block;width:6px;white-space:pre"> </div>including </div><div id="a36232" style="position:absolute;font-family:'Arial';left:5px;top:48px;">securing incremental funding and concurrently amending the<div style="display:inline-block;width:2px;white-space:pre"> </div>terms of its financial covenants, materially reducing </div><div id="a36233" style="position:absolute;font-family:'Arial';left:5px;top:63px;">operating and capital costs, and completing other financial support<div style="display:inline-block;width:5px;white-space:pre"> </div>arrangements with Stanwell. </div><div id="a36237" style="position:absolute;font-family:'Arial';left:5px;top:94px;">On November 27,<div style="display:inline-block;width:5px;white-space:pre"> </div>2025, the Company<div style="display:inline-block;width:5px;white-space:pre"> </div>completed refinancing of<div style="display:inline-block;width:5px;white-space:pre"> </div>its existing credit<div style="display:inline-block;width:5px;white-space:pre"> </div>facility with Highland<div style="display:inline-block;width:5px;white-space:pre"> </div>Park XII </div><div id="a36239" style="position:absolute;font-family:'Arial';left:5px;top:110px;">Pte. Ltd, an<div style="display:inline-block;width:5px;white-space:pre"> </div>affiliate of<div style="display:inline-block;width:5px;white-space:pre"> </div>Oaktree Capital Management<div style="display:inline-block;width:6px;white-space:pre"> </div>L.P.,<div style="display:inline-block;width:6px;white-space:pre"> </div>through a new<div style="display:inline-block;width:6px;white-space:pre"> </div>senior secured<div style="display:inline-block;width:5px;white-space:pre"> </div>asset-based revolving </div><div id="a36243" style="position:absolute;font-family:'Arial';left:5px;top:125px;">credit agreement with Stanwell Corporation Limited, or Stanwell, for an aggregate principal amount up to $</div><div id="a36243_106_5" style="position:absolute;font-family:'Arial';left:629px;top:125px;">265.0</div><div id="a36248" style="position:absolute;font-family:'Arial';left:5px;top:140px;">million, or the<div style="display:inline-block;width:5px;white-space:pre"> </div>ABL Facility.<div style="display:inline-block;width:6px;white-space:pre"> </div>The ABL Facility<div style="display:inline-block;width:5px;white-space:pre"> </div>matures in </div><div id="a36248_58_10" style="position:absolute;font-family:'Arial';left:337px;top:140px;">five years</div><div id="a36248_68_20" style="position:absolute;font-family:'Arial';left:394px;top:140px;">, bears interest<div style="display:inline-block;width:5px;white-space:pre"> </div>at </div><div id="a36248_88_1" style="position:absolute;font-family:'Arial';left:502px;top:140px;">9</div><div id="a36248_89_25" style="position:absolute;font-family:'Arial';left:510px;top:140px;">%, which may<div style="display:inline-block;width:5px;white-space:pre"> </div>increase to </div><div id="a36250" style="position:absolute;font-family:'Arial';left:5px;top:156px;">12</div><div id="a36250_2_106" style="position:absolute;font-family:'Arial';left:20px;top:156px;">% per annum<div style="display:inline-block;width:2px;white-space:pre"> </div>depending on the level<div style="display:inline-block;width:2px;white-space:pre"> </div>of the Borrowing<div style="display:inline-block;width:2px;white-space:pre"> </div>Base Ratio and is<div style="display:inline-block;width:2px;white-space:pre"> </div>subject to a<div style="display:inline-block;width:2px;white-space:pre"> </div>minimum Borrowing Base </div><div id="a36252" style="position:absolute;font-family:'Arial';left:5px;top:171px;">Ratio and, from December 31, 2027, the maintenance of gearing ratio and interest coverage<div style="display:inline-block;width:5px;white-space:pre"> </div>ratio. Refer to Note </div><div id="a36255" style="position:absolute;font-family:'Arial';left:5px;top:186px;">15 “Interest Bearing Liabilities” for further information.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a36259" style="position:absolute;font-family:'Arial';left:5px;top:218px;">Concurrently with<div style="display:inline-block;width:6px;white-space:pre"> </div>the entry<div style="display:inline-block;width:6px;white-space:pre"> </div>into the<div style="display:inline-block;width:6px;white-space:pre"> </div>ABL Facility,<div style="display:inline-block;width:7px;white-space:pre"> </div>the Company<div style="display:inline-block;width:6px;white-space:pre"> </div>entered into<div style="display:inline-block;width:6px;white-space:pre"> </div>a Second<div style="display:inline-block;width:6px;white-space:pre"> </div>Amendment Deed<div style="display:inline-block;width:6px;white-space:pre"> </div>that, </div><div id="a36262" style="position:absolute;font-family:'Arial';left:5px;top:233px;">among other matters, amends the terms of its existing Amended Coal Supply Agreement, dated<div style="display:inline-block;width:2px;white-space:pre"> </div>as of November </div><div id="a36263" style="position:absolute;font-family:'Arial';left:5px;top:249px;">6,<div style="display:inline-block;width:5px;white-space:pre"> </div>2009,<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>ACSA,<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>New<div style="display:inline-block;width:5px;white-space:pre"> </div>Coal<div style="display:inline-block;width:6px;white-space:pre"> </div>Supply<div style="display:inline-block;width:6px;white-space:pre"> </div>Agreement,<div style="display:inline-block;width:6px;white-space:pre"> </div>dated<div style="display:inline-block;width:5px;white-space:pre"> </div>as<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>July<div style="display:inline-block;width:6px;white-space:pre"> </div>12,<div style="display:inline-block;width:5px;white-space:pre"> </div>2019,<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>NCSA,<div style="display:inline-block;width:6px;white-space:pre"> </div>with </div><div id="a36266" style="position:absolute;font-family:'Arial';left:5px;top:264px;">Stanwell. These amendments<div style="display:inline-block;width:2px;white-space:pre"> </div>are expected to<div style="display:inline-block;width:2px;white-space:pre"> </div>have a positive<div style="display:inline-block;width:2px;white-space:pre"> </div>incremental impact on<div style="display:inline-block;width:2px;white-space:pre"> </div>operating cashflows through </div><div id="a36269" style="position:absolute;font-family:'Arial';left:5px;top:279px;">the waiver of rebate amounts otherwise payable<div style="display:inline-block;width:2px;white-space:pre"> </div>under the ACSA, deferral of other obligations with<div style="display:inline-block;width:2px;white-space:pre"> </div>Stanwell, and </div><div id="a36271" style="position:absolute;font-family:'Arial';left:5px;top:294px;">prepayments in relation to<div style="display:inline-block;width:5px;white-space:pre"> </div>future annual nominated<div style="display:inline-block;width:5px;white-space:pre"> </div>contract tonnage,<div style="display:inline-block;width:4px;white-space:pre"> </div>and provide material downside<div style="display:inline-block;width:5px;white-space:pre"> </div>protection </div><div id="a36275" style="position:absolute;font-family:'Arial';left:5px;top:310px;">during periods when the Company’s<div style="display:inline-block;width:5px;white-space:pre"> </div>cash balance is below $</div><div id="a36275_57_5" style="position:absolute;font-family:'Arial';left:364px;top:310px;">250.0</div><div id="a36275_62_45" style="position:absolute;font-family:'Arial';left:397px;top:310px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million. These arrangements are<div style="display:inline-block;width:5px;white-space:pre"> </div>intended to </div><div id="a36283" style="position:absolute;font-family:'Arial';left:5px;top:325px;">provide<div style="display:inline-block;width:8px;white-space:pre"> </div>critical<div style="display:inline-block;width:8px;white-space:pre"> </div>cash<div style="display:inline-block;width:8px;white-space:pre"> </div>flow<div style="display:inline-block;width:8px;white-space:pre"> </div>support<div style="display:inline-block;width:8px;white-space:pre"> </div>and<div style="display:inline-block;width:8px;white-space:pre"> </div>financial<div style="display:inline-block;width:8px;white-space:pre"> </div>stability<div style="display:inline-block;width:8px;white-space:pre"> </div>for<div style="display:inline-block;width:8px;white-space:pre"> </div>the<div style="display:inline-block;width:8px;white-space:pre"> </div>Company.<div style="display:inline-block;width:9px;white-space:pre"> </div>The<div style="display:inline-block;width:8px;white-space:pre"> </div>Curragh<div style="display:inline-block;width:8px;white-space:pre"> </div>mine’s<div style="display:inline-block;width:8px;white-space:pre"> </div>strategic </div><div id="a36285" style="position:absolute;font-family:'Arial';left:5px;top:341px;">importance,<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>both<div style="display:inline-block;width:6px;white-space:pre"> </div>Stanwell’s<div style="display:inline-block;width:6px;white-space:pre"> </div>ability<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>economically<div style="display:inline-block;width:6px;white-space:pre"> </div>generate<div style="display:inline-block;width:6px;white-space:pre"> </div>electricity<div style="display:inline-block;width:6px;white-space:pre"> </div>for<div style="display:inline-block;width:6px;white-space:pre"> </div>Queensland<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>Queensland’s </div><div id="a36286" style="position:absolute;font-family:'Arial';left:5px;top:356px;">overall energy<div style="display:inline-block;width:5px;white-space:pre"> </div>security,<div style="display:inline-block;width:5px;white-space:pre"> </div>was the<div style="display:inline-block;width:5px;white-space:pre"> </div>primary motivating<div style="display:inline-block;width:5px;white-space:pre"> </div>factor in<div style="display:inline-block;width:5px;white-space:pre"> </div>Stanwell providing<div style="display:inline-block;width:5px;white-space:pre"> </div>substantial financial<div style="display:inline-block;width:5px;white-space:pre"> </div>assistance </div><div id="a36288" style="position:absolute;font-family:'Arial';left:5px;top:371px;">and concessions<div style="display:inline-block;width:6px;white-space:pre"> </div>to the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company and<div style="display:inline-block;width:5px;white-space:pre"> </div>supporting the<div style="display:inline-block;width:6px;white-space:pre"> </div>ongoing viability<div style="display:inline-block;width:6px;white-space:pre"> </div>of the<div style="display:inline-block;width:5px;white-space:pre"> </div>Curragh mine<div style="display:inline-block;width:6px;white-space:pre"> </div>and the<div style="display:inline-block;width:5px;white-space:pre"> </div>security of </div><div id="a36289" style="position:absolute;font-family:'Arial';left:5px;top:386px;">coal supply to the Stanwell Power Station.<div style="display:inline-block;width:8px;white-space:pre"> </div>Refer to Note 14 “Contract Obligations” for further information. </div></div></div><div id="TextBlockContainer2140" style="position:relative;line-height:normal;width:676px;height:665px;"><div id="div_2137_XBRL_TS_59916bb828ce4f35a4015902447962df_1" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2138" style="position:relative;line-height:normal;width:676px;height:665px;"><div id="TextContainer2138" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a36305" style="position:absolute;font-family:'Arial';left:5px;top:0px;">On<div style="display:inline-block;width:6px;white-space:pre"> </div>October<div style="display:inline-block;width:7px;white-space:pre"> </div>23,<div style="display:inline-block;width:6px;white-space:pre"> </div>2025,<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>manager<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Financial<div style="display:inline-block;width:7px;white-space:pre"> </div>Provisioning<div style="display:inline-block;width:7px;white-space:pre"> </div>Act,<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Scheme<div style="display:inline-block;width:6px;white-space:pre"> </div>Manager,<div style="display:inline-block;width:7px;white-space:pre"> </div>issued<div style="display:inline-block;width:7px;white-space:pre"> </div>an </div><div id="a36306" style="position:absolute;font-family:'Arial';left:5px;top:15px;">indicative Annual<div style="display:inline-block;width:6px;white-space:pre"> </div>Review<div style="display:inline-block;width:5px;white-space:pre"> </div>Allocation of<div style="display:inline-block;width:6px;white-space:pre"> </div>“High” for<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>Curragh mine<div style="display:inline-block;width:6px;white-space:pre"> </div>complex’s<div style="display:inline-block;width:5px;white-space:pre"> </div>Environmental<div style="display:inline-block;width:5px;white-space:pre"> </div>Authority,<div style="display:inline-block;width:6px;white-space:pre"> </div>or EA, </div><div id="a36307" style="position:absolute;font-family:'Arial';left:5px;top:31px;">number<div style="display:inline-block;width:8px;white-space:pre"> </div>EPML00643713.<div style="display:inline-block;width:8px;white-space:pre"> </div>As<div style="display:inline-block;width:8px;white-space:pre"> </div>permitted<div style="display:inline-block;width:8px;white-space:pre"> </div>under<div style="display:inline-block;width:8px;white-space:pre"> </div>the<div style="display:inline-block;width:8px;white-space:pre"> </div>Financial<div style="display:inline-block;width:8px;white-space:pre"> </div>Provisioning<div style="display:inline-block;width:8px;white-space:pre"> </div>Act,<div style="display:inline-block;width:8px;white-space:pre"> </div>the<div style="display:inline-block;width:8px;white-space:pre"> </div>Company<div style="display:inline-block;width:8px;white-space:pre"> </div>made<div style="display:inline-block;width:8px;white-space:pre"> </div>formal </div><div id="a36309" style="position:absolute;font-family:'Arial';left:5px;top:46px;">submissions to the Scheme manager requesting a review of this indicative rating.<div style="display:inline-block;width:5px;white-space:pre"> </div>Following consideration of the </div><div id="a36310" style="position:absolute;font-family:'Arial';left:5px;top:61px;">Company’s<div style="display:inline-block;width:8px;white-space:pre"> </div>formal<div style="display:inline-block;width:7px;white-space:pre"> </div>submission,<div style="display:inline-block;width:8px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>Scheme<div style="display:inline-block;width:7px;white-space:pre"> </div>Manager<div style="display:inline-block;width:8px;white-space:pre"> </div>applied<div style="display:inline-block;width:7px;white-space:pre"> </div>discretion<div style="display:inline-block;width:7px;white-space:pre"> </div>as<div style="display:inline-block;width:7px;white-space:pre"> </div>permitted<div style="display:inline-block;width:8px;white-space:pre"> </div>under<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>Financial </div><div id="a36314" style="position:absolute;font-family:'Arial';left:5px;top:77px;">Provisioning Act to grant transitional relief allowing the application of the “Moderate-High” risk category. This risk </div><div id="a36317" style="position:absolute;font-family:'Arial';left:5px;top:92px;">category will apply<div style="display:inline-block;width:6px;white-space:pre"> </div>until the next<div style="display:inline-block;width:5px;white-space:pre"> </div>Annual Review Allocation<div style="display:inline-block;width:6px;white-space:pre"> </div>for the Curragh<div style="display:inline-block;width:6px;white-space:pre"> </div>mine complex, which<div style="display:inline-block;width:6px;white-space:pre"> </div>is expected to </div><div id="a36318" style="position:absolute;font-family:'Arial';left:5px;top:107px;">occur in November 2026. </div><div id="a36322" style="position:absolute;font-family:'Arial';left:5px;top:139px;">Under the<div style="display:inline-block;width:5px;white-space:pre"> </div>transitional “Moderate–High”<div style="display:inline-block;width:6px;white-space:pre"> </div>risk category,<div style="display:inline-block;width:6px;white-space:pre"> </div>the Company<div style="display:inline-block;width:5px;white-space:pre"> </div>is required<div style="display:inline-block;width:5px;white-space:pre"> </div>to make<div style="display:inline-block;width:5px;white-space:pre"> </div>an annual<div style="display:inline-block;width:5px;white-space:pre"> </div>contribution </div><div id="a36325" style="position:absolute;font-family:'Arial';left:5px;top:154px;">to the<div style="display:inline-block;width:5px;white-space:pre"> </div>Scheme equivalent<div style="display:inline-block;width:5px;white-space:pre"> </div>to </div><div id="a36325_28_3" style="position:absolute;font-family:'Arial';left:177px;top:154px;">6.5</div><div id="a36325_31_78" style="position:absolute;font-family:'Arial';left:196px;top:154px;">% of<div style="display:inline-block;width:5px;white-space:pre"> </div>Curragh’s Estimated<div style="display:inline-block;width:6px;white-space:pre"> </div>Rehabilitation Cost,<div style="display:inline-block;width:6px;white-space:pre"> </div>or the<div style="display:inline-block;width:5px;white-space:pre"> </div>ERC, rather<div style="display:inline-block;width:5px;white-space:pre"> </div>than provide </div><div id="a36334" style="position:absolute;font-family:'Arial';left:5px;top:169px;">financial<div style="display:inline-block;width:7px;white-space:pre"> </div>assurance<div style="display:inline-block;width:7px;white-space:pre"> </div>in<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>form<div style="display:inline-block;width:7px;white-space:pre"> </div>of<div style="display:inline-block;width:7px;white-space:pre"> </div>bank<div style="display:inline-block;width:7px;white-space:pre"> </div>guarantees,<div style="display:inline-block;width:7px;white-space:pre"> </div>insurance<div style="display:inline-block;width:7px;white-space:pre"> </div>bonds<div style="display:inline-block;width:7px;white-space:pre"> </div>or<div style="display:inline-block;width:7px;white-space:pre"> </div>cash<div style="display:inline-block;width:7px;white-space:pre"> </div>collateral<div style="display:inline-block;width:7px;white-space:pre"> </div>equal<div style="display:inline-block;width:7px;white-space:pre"> </div>to </div><div id="a36334_96_3" style="position:absolute;font-family:'Arial';left:611px;top:169px;">100</div><div id="a36334_99_5" style="position:absolute;font-family:'Arial';left:633px;top:169px;">%<div style="display:inline-block;width:7px;white-space:pre"> </div>of </div><div id="a36335" style="position:absolute;font-family:'Arial';left:5px;top:185px;">Curragh’s ERC. </div><div id="a36338" style="position:absolute;font-family:'Arial';left:5px;top:216px;">The Company’s<div style="display:inline-block;width:5px;white-space:pre"> </div>earnings and cash<div style="display:inline-block;width:6px;white-space:pre"> </div>flows from operating<div style="display:inline-block;width:6px;white-space:pre"> </div>activities for the<div style="display:inline-block;width:6px;white-space:pre"> </div>year ended December<div style="display:inline-block;width:6px;white-space:pre"> </div>31, 2025 were </div><div id="a36342" style="position:absolute;font-family:'Arial';left:5px;top:231px;">significantly<div style="display:inline-block;width:5px;white-space:pre"> </div>impacted<div style="display:inline-block;width:6px;white-space:pre"> </div>by<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>continued<div style="display:inline-block;width:5px;white-space:pre"> </div>subdued<div style="display:inline-block;width:6px;white-space:pre"> </div>performance<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>Met<div style="display:inline-block;width:5px;white-space:pre"> </div>coal<div style="display:inline-block;width:5px;white-space:pre"> </div>markets,<div style="display:inline-block;width:6px;white-space:pre"> </div>which<div style="display:inline-block;width:5px;white-space:pre"> </div>led<div style="display:inline-block;width:5px;white-space:pre"> </div>to<div style="display:inline-block;width:5px;white-space:pre"> </div>low<div style="display:inline-block;width:5px;white-space:pre"> </div>realized </div><div id="a36343" style="position:absolute;font-family:'Arial';left:5px;top:247px;">prices for the coal the Company sells. For the year ended December 31,<div style="display:inline-block;width:2px;white-space:pre"> </div>2025, the Company incurred net losses </div><div id="a36346" style="position:absolute;font-family:'Arial';left:5px;top:262px;">of $</div><div id="a36346_4_5" style="position:absolute;font-family:'Arial';left:27px;top:262px;">432.1</div><div id="a36346_9_103" style="position:absolute;font-family:'Arial';left:61px;top:262px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million. Despite this, the Company<div style="display:inline-block;width:5px;white-space:pre"> </div>was in a materially improved<div style="display:inline-block;width:5px;white-space:pre"> </div>financial position as of December<div style="display:inline-block;width:5px;white-space:pre"> </div>31, </div><div id="a36354" style="position:absolute;font-family:'Arial';left:5px;top:277px;">2025. Since<div style="display:inline-block;width:5px;white-space:pre"> </div>the previous<div style="display:inline-block;width:5px;white-space:pre"> </div>interim period<div style="display:inline-block;width:5px;white-space:pre"> </div>reporting assessment,<div style="display:inline-block;width:5px;white-space:pre"> </div>the Company<div style="display:inline-block;width:5px;white-space:pre"> </div>executed and<div style="display:inline-block;width:5px;white-space:pre"> </div>received significant </div><div id="a36358" style="position:absolute;font-family:'Arial';left:5px;top:293px;">liquidity<div style="display:inline-block;width:5px;white-space:pre"> </div>support<div style="display:inline-block;width:6px;white-space:pre"> </div>from<div style="display:inline-block;width:6px;white-space:pre"> </div>Stanwell,<div style="display:inline-block;width:6px;white-space:pre"> </div>entered<div style="display:inline-block;width:6px;white-space:pre"> </div>into<div style="display:inline-block;width:6px;white-space:pre"> </div>a<div style="display:inline-block;width:5px;white-space:pre"> </div>new<div style="display:inline-block;width:6px;white-space:pre"> </div>ABL<div style="display:inline-block;width:5px;white-space:pre"> </div>Facility<div style="display:inline-block;width:6px;white-space:pre"> </div>with<div style="display:inline-block;width:6px;white-space:pre"> </div>an<div style="display:inline-block;width:5px;white-space:pre"> </div>extended<div style="display:inline-block;width:6px;white-space:pre"> </div>maturity<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>more<div style="display:inline-block;width:6px;white-space:pre"> </div>flexible </div><div id="a36361" style="position:absolute;font-family:'Arial';left:5px;top:308px;">covenant terms (including reducing cross<div style="display:inline-block;width:2px;white-space:pre"> </div>default risk with the<div style="display:inline-block;width:2px;white-space:pre"> </div>Notes), benefited from improving metallurgical coal </div><div id="a36362" style="position:absolute;font-family:'Arial';left:5px;top:323px;">market conditions, demonstrated<div style="display:inline-block;width:2px;white-space:pre"> </div>operational recovery, and obtained<div style="display:inline-block;width:2px;white-space:pre"> </div>clarity regarding the<div style="display:inline-block;width:2px;white-space:pre"> </div>outcome of the<div style="display:inline-block;width:2px;white-space:pre"> </div>Scheme </div><div id="a36364" style="position:absolute;font-family:'Arial';left:5px;top:339px;">Manager’s final Annual Review Allocation. </div><div id="a36367" style="position:absolute;font-family:'Arial';left:5px;top:370px;">As of December 31, 2025, the Company’s available liquidity,<div style="display:inline-block;width:5px;white-space:pre"> </div>consisting of cash and cash equivalents (excluding </div><div id="a36371" style="position:absolute;font-family:'Arial';left:5px;top:385px;">restricted cash), was $</div><div id="a36371_23_5" style="position:absolute;font-family:'Arial';left:138px;top:385px;">172.8</div><div id="a36371_28_10" style="position:absolute;font-family:'Arial';left:172px;top:385px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million. </div><div id="a36375" style="position:absolute;font-family:'Arial';left:5px;top:417px;">After<div style="display:inline-block;width:6px;white-space:pre"> </div>evaluating<div style="display:inline-block;width:6px;white-space:pre"> </div>these<div style="display:inline-block;width:6px;white-space:pre"> </div>factors,<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company<div style="display:inline-block;width:6px;white-space:pre"> </div>has<div style="display:inline-block;width:6px;white-space:pre"> </div>concluded<div style="display:inline-block;width:6px;white-space:pre"> </div>that<div style="display:inline-block;width:6px;white-space:pre"> </div>its<div style="display:inline-block;width:6px;white-space:pre"> </div>current<div style="display:inline-block;width:6px;white-space:pre"> </div>cash<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>cash<div style="display:inline-block;width:6px;white-space:pre"> </div>equivalents<div style="display:inline-block;width:6px;white-space:pre"> </div>and </div><div id="a36376" style="position:absolute;font-family:'Arial';left:5px;top:432px;">forecasted cashflows will be<div style="display:inline-block;width:5px;white-space:pre"> </div>sufficient to fund<div style="display:inline-block;width:5px;white-space:pre"> </div>its operations and satisfy<div style="display:inline-block;width:5px;white-space:pre"> </div>its obligations for at<div style="display:inline-block;width:5px;white-space:pre"> </div>least one year from </div><div id="a36380" style="position:absolute;font-family:'Arial';left:5px;top:447px;">the issuance date of these financial statements.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a36382" style="position:absolute;font-family:'Arial';left:5px;top:479px;">In<div style="display:inline-block;width:7px;white-space:pre"> </div>prior<div style="display:inline-block;width:7px;white-space:pre"> </div>interim<div style="display:inline-block;width:7px;white-space:pre"> </div>reporting<div style="display:inline-block;width:7px;white-space:pre"> </div>periods,<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>Company<div style="display:inline-block;width:7px;white-space:pre"> </div>concluded<div style="display:inline-block;width:7px;white-space:pre"> </div>that<div style="display:inline-block;width:7px;white-space:pre"> </div>conditions<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>events<div style="display:inline-block;width:7px;white-space:pre"> </div>existed<div style="display:inline-block;width:7px;white-space:pre"> </div>that<div style="display:inline-block;width:7px;white-space:pre"> </div>caused </div><div id="a36383" style="position:absolute;font-family:'Arial';left:5px;top:494px;">substantial doubt<div style="display:inline-block;width:6px;white-space:pre"> </div>about its<div style="display:inline-block;width:6px;white-space:pre"> </div>ability to<div style="display:inline-block;width:6px;white-space:pre"> </div>continue<div style="display:inline-block;width:5px;white-space:pre"> </div>as a<div style="display:inline-block;width:6px;white-space:pre"> </div>going concern,<div style="display:inline-block;width:6px;white-space:pre"> </div>primarily<div style="display:inline-block;width:5px;white-space:pre"> </div>due to<div style="display:inline-block;width:6px;white-space:pre"> </div>uncertainty regarding<div style="display:inline-block;width:6px;white-space:pre"> </div>near-</div><div id="a36385" style="position:absolute;font-family:'Arial';left:5px;top:509px;">term liquidity,<div style="display:inline-block;width:5px;white-space:pre"> </div>refinancing of its asse<div style="display:inline-block;width:1px;white-space:pre"> </div>t-based revolving credit facility<div style="display:inline-block;width:5px;white-space:pre"> </div>(which included financial<div style="display:inline-block;width:5px;white-space:pre"> </div>covenants that had </div><div id="a36391" style="position:absolute;font-family:'Arial';left:5px;top:525px;">the potential to result in<div style="display:inline-block;width:2px;white-space:pre"> </div>a cross default with the Company’s Senior Secured<div style="display:inline-block;width:2px;white-space:pre"> </div>Notes) and the potential requirement </div><div id="a36392" style="position:absolute;font-family:'Arial';left:5px;top:540px;">to provide financial assurance under the Mineral and Energy Resources (Financial Provisioning)<div style="display:inline-block;width:5px;white-space:pre"> </div>Act 2018 (Qld), </div><div id="a36394" style="position:absolute;font-family:'Arial';left:5px;top:555px;">or the Financial<div style="display:inline-block;width:2px;white-space:pre"> </div>Provisioning Act. This has<div style="display:inline-block;width:2px;white-space:pre"> </div>now been alleviated as<div style="display:inline-block;width:2px;white-space:pre"> </div>is described above and<div style="display:inline-block;width:2px;white-space:pre"> </div>as such the<div style="display:inline-block;width:2px;white-space:pre"> </div>substantial </div><div id="a36397" style="position:absolute;font-family:'Arial';left:5px;top:571px;">doubt identified in prior interim reporting periods no longer exist<div style="display:inline-block;width:5px;white-space:pre"> </div>at December 31, 2025. </div><div id="a36399" style="position:absolute;font-family:'Arial';left:5px;top:602px;">The<div style="display:inline-block;width:5px;white-space:pre"> </div>Company’s<div style="display:inline-block;width:6px;white-space:pre"> </div>forecasts<div style="display:inline-block;width:6px;white-space:pre"> </div>are<div style="display:inline-block;width:5px;white-space:pre"> </div>subject<div style="display:inline-block;width:5px;white-space:pre"> </div>to<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>achievement<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>production<div style="display:inline-block;width:6px;white-space:pre"> </div>targets,<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>other<div style="display:inline-block;width:5px;white-space:pre"> </div>factors<div style="display:inline-block;width:5px;white-space:pre"> </div>beyond<div style="display:inline-block;width:6px;white-space:pre"> </div>its </div><div id="a36400" style="position:absolute;font-family:'Arial';left:5px;top:617px;">control,<div style="display:inline-block;width:5px;white-space:pre"> </div>including<div style="display:inline-block;width:5px;white-space:pre"> </div>general<div style="display:inline-block;width:5px;white-space:pre"> </div>economic<div style="display:inline-block;width:5px;white-space:pre"> </div>conditions,<div style="display:inline-block;width:5px;white-space:pre"> </div>metallurgical<div style="display:inline-block;width:5px;white-space:pre"> </div>coal<div style="display:inline-block;width:5px;white-space:pre"> </div>pricing,<div style="display:inline-block;width:5px;white-space:pre"> </div>competitive<div style="display:inline-block;width:5px;white-space:pre"> </div>dynamics<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>weather-</div><div id="a36402" style="position:absolute;font-family:'Arial';left:5px;top:633px;">related impacts.<div style="display:inline-block;width:5px;white-space:pre"> </div>The Company’s<div style="display:inline-block;width:6px;white-space:pre"> </div>working capital<div style="display:inline-block;width:5px;white-space:pre"> </div>requirements in<div style="display:inline-block;width:5px;white-space:pre"> </div>the short<div style="display:inline-block;width:5px;white-space:pre"> </div>to medium<div style="display:inline-block;width:5px;white-space:pre"> </div>term are<div style="display:inline-block;width:5px;white-space:pre"> </div>also dependent </div><div id="a36404" style="position:absolute;font-family:'Arial';left:5px;top:648px;">on variations in these factors and the preparation of forecasts<div style="display:inline-block;width:5px;white-space:pre"> </div>requires management judgement.</div></div></div></div></div> 265000000.0 P5Y 0.09 0.12 250000000.0 0.065 1 -432100000 172800000 <div id="TextBlockContainer2146" style="position:relative;line-height:normal;width:676px;height:229px;"><div id="TextContainer2146" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a36407" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">2.<div style="display:inline-block;width:15px;white-space:pre"> </div>Summary of Significant Accounting Policies </div></div><div id="div_2143_XBRL_TS_4617595a6eab4b9a81810aa4519684a0" style="position:absolute;left:0px;top:29px;float:left;"><div id="TextBlockContainer2144" style="position:relative;line-height:normal;width:676px;height:200px;"><div id="TextContainer2144" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a36411" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(a)<div style="display:inline-block;width:8px;white-space:pre"> </div>Newly Adopted Accounting Standards</div><div id="a36415" style="position:absolute;font-family:'Arial';font-style:italic;left:5px;top:29px;">Accounting<div style="display:inline-block;width:6px;white-space:pre"> </div>Standards<div style="display:inline-block;width:6px;white-space:pre"> </div>Update,<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:6px;white-space:pre"> </div>ASU,<div style="display:inline-block;width:6px;white-space:pre"> </div>2023-09<div style="display:inline-block;width:6px;white-space:pre"> </div>-<div style="display:inline-block;width:6px;white-space:pre"> </div>Income<div style="display:inline-block;width:6px;white-space:pre"> </div>Taxes<div style="display:inline-block;width:7px;white-space:pre"> </div>(Topic<div style="display:inline-block;width:7px;white-space:pre"> </div>740):<div style="display:inline-block;width:6px;white-space:pre"> </div>Improvements<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>Income<div style="display:inline-block;width:6px;white-space:pre"> </div>Tax </div><div id="a36421" style="position:absolute;font-family:'Arial';font-style:italic;left:5px;top:44px;">Disclosures.</div><div id="a36422" style="position:absolute;font-family:'Arial';left:77px;top:44px;"><div style="display:inline-block;width:7px;white-space:pre"> </div>In<div style="display:inline-block;width:7px;white-space:pre"> </div>December<div style="display:inline-block;width:7px;white-space:pre"> </div>2023,<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>FASB<div style="display:inline-block;width:8px;white-space:pre"> </div>issued<div style="display:inline-block;width:7px;white-space:pre"> </div>ASU<div style="display:inline-block;width:7px;white-space:pre"> </div>2023-09,<div style="display:inline-block;width:7px;white-space:pre"> </div>which<div style="display:inline-block;width:7px;white-space:pre"> </div>modifies<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>rules<div style="display:inline-block;width:7px;white-space:pre"> </div>on<div style="display:inline-block;width:7px;white-space:pre"> </div>income<div style="display:inline-block;width:7px;white-space:pre"> </div>tax </div><div id="a36426" style="position:absolute;font-family:'Arial';left:5px;top:59px;">disclosures to require companies to<div style="display:inline-block;width:2px;white-space:pre"> </div>disclose specific categories in the<div style="display:inline-block;width:2px;white-space:pre"> </div>rate reconciliation, the income or<div style="display:inline-block;width:2px;white-space:pre"> </div>loss from </div><div id="a36427" style="position:absolute;font-family:'Arial';left:5px;top:75px;">continuing<div style="display:inline-block;width:6px;white-space:pre"> </div>operations<div style="display:inline-block;width:6px;white-space:pre"> </div>before<div style="display:inline-block;width:6px;white-space:pre"> </div>income<div style="display:inline-block;width:6px;white-space:pre"> </div>tax<div style="display:inline-block;width:6px;white-space:pre"> </div>expense<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:6px;white-space:pre"> </div>benefit<div style="display:inline-block;width:6px;white-space:pre"> </div>(separated<div style="display:inline-block;width:6px;white-space:pre"> </div>between<div style="display:inline-block;width:6px;white-space:pre"> </div>domestic<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>foreign)<div style="display:inline-block;width:6px;white-space:pre"> </div>and </div><div id="a36429" style="position:absolute;font-family:'Arial';left:5px;top:90px;">income tax expense or<div style="display:inline-block;width:2px;white-space:pre"> </div>benefit from continuing operations<div style="display:inline-block;width:2px;white-space:pre"> </div>(separated by federal, state,<div style="display:inline-block;width:2px;white-space:pre"> </div>and foreign). The updated </div><div id="a36431" style="position:absolute;font-family:'Arial';left:5px;top:105px;">standard was effective for annual periods beginning<div style="display:inline-block;width:5px;white-space:pre"> </div>after December 15, 2024.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a36436" style="position:absolute;font-family:'Arial';left:5px;top:137px;">The updated<div style="display:inline-block;width:2px;white-space:pre"> </div>standard impacted only<div style="display:inline-block;width:2px;white-space:pre"> </div>the financial<div style="display:inline-block;width:2px;white-space:pre"> </div>statement disclosures,<div style="display:inline-block;width:2px;white-space:pre"> </div>with no<div style="display:inline-block;width:2px;white-space:pre"> </div>impact on<div style="display:inline-block;width:2px;white-space:pre"> </div>the Company’s results </div><div id="a36440" style="position:absolute;font-family:'Arial';left:5px;top:152px;">of operation, cash flows and financial position.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a36442" style="position:absolute;font-family:'Arial';left:5px;top:183px;">The required disclosures are included in Note 20. “Income<div style="display:inline-block;width:5px;white-space:pre"> </div>Taxes.”</div></div></div></div><div id="TextContainer2147" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a36442_65_2" style="position:absolute;font-family:'Arial';left:396px;top:212px;"><div style="display:inline-block;width:4px;white-space:pre"> </div></div></div></div><div id="TextBlockContainer2162" style="position:relative;line-height:normal;width:676px;height:953px;"><div id="div_2150_XBRL_TS_da52bf47140f4e2fa147959d44f60c87" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2151" style="position:relative;line-height:normal;width:676px;height:371px;"><div id="TextContainer2151" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a36459" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(b)<div style="display:inline-block;width:31px;white-space:pre"> </div>Accounting Standards Not Yet<div style="display:inline-block;width:5px;white-space:pre"> </div>Implemented</div><div id="a36465" style="position:absolute;font-family:'Arial';font-style:italic;left:5px;top:31px;">ASU 2024-03<div style="display:inline-block;width:5px;white-space:pre"> </div>- Income<div style="display:inline-block;width:5px;white-space:pre"> </div>Statement –<div style="display:inline-block;width:5px;white-space:pre"> </div>Reporting Comprehensive<div style="display:inline-block;width:6px;white-space:pre"> </div>Income –<div style="display:inline-block;width:5px;white-space:pre"> </div>Expense Disaggregation<div style="display:inline-block;width:6px;white-space:pre"> </div>Disclosures </div><div id="a36477" style="position:absolute;font-family:'Arial';font-style:italic;left:5px;top:47px;">(Subtopic 220-40):<div style="display:inline-block;width:6px;white-space:pre"> </div>Disaggregation of<div style="display:inline-block;width:6px;white-space:pre"> </div>Income Statement<div style="display:inline-block;width:6px;white-space:pre"> </div>Expenses</div><div id="a36481" style="position:absolute;font-family:'Arial';left:402px;top:47px;">. In<div style="display:inline-block;width:5px;white-space:pre"> </div>November 2024,<div style="display:inline-block;width:6px;white-space:pre"> </div>the FASB<div style="display:inline-block;width:6px;white-space:pre"> </div>issued ASU </div><div id="a36483" style="position:absolute;font-family:'Arial';left:5px;top:62px;">2024-03,<div style="display:inline-block;width:5px;white-space:pre"> </div>which<div style="display:inline-block;width:5px;white-space:pre"> </div>require<div style="display:inline-block;width:5px;white-space:pre"> </div>disclosure,<div style="display:inline-block;width:6px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>notes<div style="display:inline-block;width:5px;white-space:pre"> </div>to<div style="display:inline-block;width:5px;white-space:pre"> </div>financial<div style="display:inline-block;width:5px;white-space:pre"> </div>statements,<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>specified<div style="display:inline-block;width:5px;white-space:pre"> </div>information<div style="display:inline-block;width:5px;white-space:pre"> </div>about<div style="display:inline-block;width:5px;white-space:pre"> </div>certain </div><div id="a36487" style="position:absolute;font-family:'Arial';left:5px;top:77px;">costs and expenses.<div style="display:inline-block;width:2px;white-space:pre"> </div>The amendments aim<div style="display:inline-block;width:2px;white-space:pre"> </div>to improve financial<div style="display:inline-block;width:2px;white-space:pre"> </div>reporting by requiring<div style="display:inline-block;width:2px;white-space:pre"> </div>that public business<div style="display:inline-block;width:2px;white-space:pre"> </div>entities </div><div id="a36493" style="position:absolute;font-family:'Arial';left:5px;top:93px;">disclose additional<div style="display:inline-block;width:5px;white-space:pre"> </div>information about specific<div style="display:inline-block;width:6px;white-space:pre"> </div>expense categories<div style="display:inline-block;width:5px;white-space:pre"> </div>in the notes<div style="display:inline-block;width:5px;white-space:pre"> </div>to financial statements<div style="display:inline-block;width:6px;white-space:pre"> </div>at interim </div><div id="a36494" style="position:absolute;font-family:'Arial';left:5px;top:108px;">and<div style="display:inline-block;width:6px;white-space:pre"> </div>annual<div style="display:inline-block;width:6px;white-space:pre"> </div>reporting<div style="display:inline-block;width:6px;white-space:pre"> </div>periods.<div style="display:inline-block;width:6px;white-space:pre"> </div>The<div style="display:inline-block;width:6px;white-space:pre"> </div>updated<div style="display:inline-block;width:6px;white-space:pre"> </div>standard<div style="display:inline-block;width:6px;white-space:pre"> </div>is<div style="display:inline-block;width:5px;white-space:pre"> </div>effective<div style="display:inline-block;width:6px;white-space:pre"> </div>for<div style="display:inline-block;width:6px;white-space:pre"> </div>annual<div style="display:inline-block;width:6px;white-space:pre"> </div>reporting<div style="display:inline-block;width:6px;white-space:pre"> </div>periods<div style="display:inline-block;width:6px;white-space:pre"> </div>beginning<div style="display:inline-block;width:6px;white-space:pre"> </div>after </div><div id="a36500" style="position:absolute;font-family:'Arial';left:5px;top:123px;">December<div style="display:inline-block;width:7px;white-space:pre"> </div>15,<div style="display:inline-block;width:7px;white-space:pre"> </div>2026,<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>interim<div style="display:inline-block;width:7px;white-space:pre"> </div>reporting<div style="display:inline-block;width:7px;white-space:pre"> </div>periods<div style="display:inline-block;width:7px;white-space:pre"> </div>beginning<div style="display:inline-block;width:7px;white-space:pre"> </div>after<div style="display:inline-block;width:7px;white-space:pre"> </div>December<div style="display:inline-block;width:7px;white-space:pre"> </div>15,<div style="display:inline-block;width:7px;white-space:pre"> </div>2027.<div style="display:inline-block;width:7px;white-space:pre"> </div>Early<div style="display:inline-block;width:7px;white-space:pre"> </div>adoption<div style="display:inline-block;width:7px;white-space:pre"> </div>is </div><div id="a36502" style="position:absolute;font-family:'Arial';left:5px;top:139px;">permitted. The<div style="display:inline-block;width:6px;white-space:pre"> </div>Company is<div style="display:inline-block;width:6px;white-space:pre"> </div>currently evaluating<div style="display:inline-block;width:6px;white-space:pre"> </div>the impact<div style="display:inline-block;width:6px;white-space:pre"> </div>that the<div style="display:inline-block;width:6px;white-space:pre"> </div>updated standard<div style="display:inline-block;width:6px;white-space:pre"> </div>will have<div style="display:inline-block;width:6px;white-space:pre"> </div>on its<div style="display:inline-block;width:6px;white-space:pre"> </div>financial </div><div id="a36508" style="position:absolute;font-family:'Arial';left:5px;top:154px;">statement disclosures. </div><div id="a36510" style="position:absolute;font-family:'Arial';font-style:italic;left:5px;top:185px;">ASU 2025-11<div style="display:inline-block;width:6px;white-space:pre"> </div>- Interim<div style="display:inline-block;width:6px;white-space:pre"> </div>Reporting (Topic<div style="display:inline-block;width:7px;white-space:pre"> </div>270</div><div id="a36520" style="position:absolute;font-family:'Arial';left:270px;top:185px;">): </div><div id="a36521" style="position:absolute;font-family:'Arial';font-style:italic;left:283px;top:185px;">Narrow-Scope Improvements</div><div id="a36524" style="position:absolute;font-family:'Arial';left:457px;top:185px;">. In<div style="display:inline-block;width:6px;white-space:pre"> </div>December 2025,<div style="display:inline-block;width:6px;white-space:pre"> </div>FASB<div style="display:inline-block;width:5px;white-space:pre"> </div>issued </div><div id="a36528" style="position:absolute;font-family:'Arial';left:5px;top:201px;">ASU 2025-11<div style="display:inline-block;width:5px;white-space:pre"> </div>to clarify interim financial<div style="display:inline-block;width:5px;white-space:pre"> </div>reporting guidance under<div style="display:inline-block;width:5px;white-space:pre"> </div>Topic<div style="display:inline-block;width:5px;white-space:pre"> </div>270. The amendments<div style="display:inline-block;width:5px;white-space:pre"> </div>aim to make the </div><div id="a36531" style="position:absolute;font-family:'Arial';left:5px;top:216px;">interim reporting requirements<div style="display:inline-block;width:6px;white-space:pre"> </div>easier to<div style="display:inline-block;width:5px;white-space:pre"> </div>navigate and<div style="display:inline-block;width:5px;white-space:pre"> </div>apply.<div style="display:inline-block;width:5px;white-space:pre"> </div>The amendments<div style="display:inline-block;width:5px;white-space:pre"> </div>do not change<div style="display:inline-block;width:6px;white-space:pre"> </div>the substance<div style="display:inline-block;width:5px;white-space:pre"> </div>of </div><div id="a36532" style="position:absolute;font-family:'Arial';left:5px;top:231px;">existing<div style="display:inline-block;width:6px;white-space:pre"> </div>interim<div style="display:inline-block;width:6px;white-space:pre"> </div>reporting<div style="display:inline-block;width:6px;white-space:pre"> </div>requirements<div style="display:inline-block;width:6px;white-space:pre"> </div>but<div style="display:inline-block;width:6px;white-space:pre"> </div>reorganize<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>clarify<div style="display:inline-block;width:6px;white-space:pre"> </div>when<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>how<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>guidance<div style="display:inline-block;width:6px;white-space:pre"> </div>applies.<div style="display:inline-block;width:6px;white-space:pre"> </div>The </div><div id="a36537" style="position:absolute;font-family:'Arial';left:5px;top:247px;">amendments also<div style="display:inline-block;width:2px;white-space:pre"> </div>introduce a<div style="display:inline-block;width:2px;white-space:pre"> </div>new disclosure<div style="display:inline-block;width:2px;white-space:pre"> </div>principle requiring entities<div style="display:inline-block;width:2px;white-space:pre"> </div>to disclose events<div style="display:inline-block;width:2px;white-space:pre"> </div>and changes<div style="display:inline-block;width:2px;white-space:pre"> </div>occurring </div><div id="a36541" style="position:absolute;font-family:'Arial';left:5px;top:262px;">since the end of the last annual reporting period that have a material impact on the entity. The updated standard </div><div id="a36545" style="position:absolute;font-family:'Arial';left:5px;top:277px;">will be effective for annual<div style="display:inline-block;width:2px;white-space:pre"> </div>periods beginning after December 15, 2027,<div style="display:inline-block;width:2px;white-space:pre"> </div>and interim reporting periods within<div style="display:inline-block;width:2px;white-space:pre"> </div>those </div><div id="a36550" style="position:absolute;font-family:'Arial';left:5px;top:293px;">annual reporting periods. The Company is currently evaluating the impact that the updated<div style="display:inline-block;width:2px;white-space:pre"> </div>standard will have on </div><div id="a36553" style="position:absolute;font-family:'Arial';left:5px;top:308px;">its financial statement disclosures.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a36555" style="position:absolute;font-family:'Arial';left:5px;top:339px;">There have been<div style="display:inline-block;width:2px;white-space:pre"> </div>no other recent<div style="display:inline-block;width:2px;white-space:pre"> </div>accounting pronouncements not yet<div style="display:inline-block;width:2px;white-space:pre"> </div>effective that have significance,<div style="display:inline-block;width:2px;white-space:pre"> </div>or potential </div><div id="a36559" style="position:absolute;font-family:'Arial';left:5px;top:355px;">significance, to the Company’s Consolidated Financial<div style="display:inline-block;width:5px;white-space:pre"> </div>Statements.</div></div></div></div><div id="TextContainer2162" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a36559_65_2" style="position:absolute;font-family:'Arial';left:399px;top:355px;"><div style="display:inline-block;width:4px;white-space:pre"> </div></div></div><div id="div_2153_XBRL_TS_b2a9fae12dcb499fbe565ca919e6fa9d" style="position:absolute;left:0px;top:386px;float:left;"><div id="TextBlockContainer2154" style="position:relative;line-height:normal;width:676px;height:94px;"><div id="TextContainer2154" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a36562" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(c) Reclassifications </div><div id="a36564" style="position:absolute;font-family:'Arial';left:5px;top:31px;">Certain amounts in the prior period Consolidated Balance Sheet have<div style="display:inline-block;width:2px;white-space:pre"> </div>been reclassified to conform to the current </div><div id="a36567" style="position:absolute;font-family:'Arial';left:5px;top:47px;">period<div style="display:inline-block;width:8px;white-space:pre"> </div>presentation.<div style="display:inline-block;width:8px;white-space:pre"> </div>These<div style="display:inline-block;width:8px;white-space:pre"> </div>reclassifications<div style="display:inline-block;width:8px;white-space:pre"> </div>relate<div style="display:inline-block;width:8px;white-space:pre"> </div>to<div style="display:inline-block;width:8px;white-space:pre"> </div>the<div style="display:inline-block;width:8px;white-space:pre"> </div>presentation<div style="display:inline-block;width:8px;white-space:pre"> </div>of<div style="display:inline-block;width:7px;white-space:pre"> </div>contract<div style="display:inline-block;width:8px;white-space:pre"> </div>obligations<div style="display:inline-block;width:8px;white-space:pre"> </div>which<div style="display:inline-block;width:8px;white-space:pre"> </div>were </div><div id="a36569" style="position:absolute;font-family:'Arial';left:5px;top:62px;">previously<div style="display:inline-block;width:7px;white-space:pre"> </div>reported<div style="display:inline-block;width:7px;white-space:pre"> </div>within<div style="display:inline-block;width:7px;white-space:pre"> </div>a<div style="display:inline-block;width:7px;white-space:pre"> </div>different<div style="display:inline-block;width:7px;white-space:pre"> </div>financial<div style="display:inline-block;width:7px;white-space:pre"> </div>statement<div style="display:inline-block;width:7px;white-space:pre"> </div>line<div style="display:inline-block;width:7px;white-space:pre"> </div>item.<div style="display:inline-block;width:7px;white-space:pre"> </div>These<div style="display:inline-block;width:7px;white-space:pre"> </div>changes<div style="display:inline-block;width:7px;white-space:pre"> </div>had<div style="display:inline-block;width:7px;white-space:pre"> </div>no<div style="display:inline-block;width:7px;white-space:pre"> </div>impact<div style="display:inline-block;width:7px;white-space:pre"> </div>on<div style="display:inline-block;width:7px;white-space:pre"> </div>the </div><div id="a36572" style="position:absolute;font-family:'Arial';left:5px;top:77px;">Company’s previously reported net income (loss).</div></div></div></div><div id="TextContainer2163" style="position:relative;width:676px;z-index:1;font-size:13.28px;"></div><div id="div_2156_XBRL_TS_f468ef12e34b4b6e9422240c113da0b1" style="position:absolute;left:0px;top:495px;float:left;"><div id="TextBlockContainer2157" style="position:relative;line-height:normal;width:676px;height:153px;"><div id="TextContainer2157" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a36574" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(d)<div style="display:inline-block;width:7px;white-space:pre"> </div>Use of Estimates</div><div id="a36580" style="position:absolute;font-family:'Arial';left:5px;top:29px;">The preparation<div style="display:inline-block;width:6px;white-space:pre"> </div>of Consolidated<div style="display:inline-block;width:6px;white-space:pre"> </div>Financial<div style="display:inline-block;width:5px;white-space:pre"> </div>Statements<div style="display:inline-block;width:5px;white-space:pre"> </div>in conformity<div style="display:inline-block;width:6px;white-space:pre"> </div>with U.S. GAAP<div style="display:inline-block;width:6px;white-space:pre"> </div>requires<div style="display:inline-block;width:5px;white-space:pre"> </div>management<div style="display:inline-block;width:5px;white-space:pre"> </div>to </div><div id="a36589" style="position:absolute;font-family:'Arial';left:5px;top:44px;">make certain<div style="display:inline-block;width:5px;white-space:pre"> </div>judgements, estimates<div style="display:inline-block;width:6px;white-space:pre"> </div>and assumptions<div style="display:inline-block;width:6px;white-space:pre"> </div>that affect<div style="display:inline-block;width:6px;white-space:pre"> </div>the reported<div style="display:inline-block;width:5px;white-space:pre"> </div>amounts of<div style="display:inline-block;width:6px;white-space:pre"> </div>assets and<div style="display:inline-block;width:5px;white-space:pre"> </div>liabilities </div><div id="a36594" style="position:absolute;font-family:'Arial';left:5px;top:59px;">and disclosure of<div style="display:inline-block;width:2px;white-space:pre"> </div>contingent assets and contingent<div style="display:inline-block;width:2px;white-space:pre"> </div>liabilities at the<div style="display:inline-block;width:2px;white-space:pre"> </div>date of the<div style="display:inline-block;width:2px;white-space:pre"> </div>Consolidated Financial Statements </div><div id="a36598" style="position:absolute;font-family:'Arial';left:5px;top:75px;">and<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>reported<div style="display:inline-block;width:5px;white-space:pre"> </div>amounts<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>revenues<div style="display:inline-block;width:5px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>expenses<div style="display:inline-block;width:6px;white-space:pre"> </div>during<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>reporting<div style="display:inline-block;width:6px;white-space:pre"> </div>periods.<div style="display:inline-block;width:5px;white-space:pre"> </div>Actual<div style="display:inline-block;width:5px;white-space:pre"> </div>results<div style="display:inline-block;width:5px;white-space:pre"> </div>could<div style="display:inline-block;width:5px;white-space:pre"> </div>differ </div><div id="a36600" style="position:absolute;font-family:'Arial';left:5px;top:90px;">materially<div style="display:inline-block;width:6px;white-space:pre"> </div>from<div style="display:inline-block;width:6px;white-space:pre"> </div>those<div style="display:inline-block;width:6px;white-space:pre"> </div>estimates.<div style="display:inline-block;width:6px;white-space:pre"> </div>Significant<div style="display:inline-block;width:6px;white-space:pre"> </div>items<div style="display:inline-block;width:6px;white-space:pre"> </div>subject<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>such<div style="display:inline-block;width:6px;white-space:pre"> </div>estimates<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>assumptions<div style="display:inline-block;width:6px;white-space:pre"> </div>include<div style="display:inline-block;width:6px;white-space:pre"> </div>asset </div><div id="a36603" style="position:absolute;font-family:'Arial';left:5px;top:105px;">retirement obligations; useful lives for depreci<div style="display:inline-block;width:1px;white-space:pre"> </div>ation, depletion and amortization; expected<div style="display:inline-block;width:5px;white-space:pre"> </div>credit losses; deferred </div><div id="a36607" style="position:absolute;font-family:'Arial';left:5px;top:121px;">income tax<div style="display:inline-block;width:6px;white-space:pre"> </div>assets and<div style="display:inline-block;width:6px;white-space:pre"> </div>liabilities; values<div style="display:inline-block;width:6px;white-space:pre"> </div>of coal<div style="display:inline-block;width:6px;white-space:pre"> </div>properties; goodwill;<div style="display:inline-block;width:6px;white-space:pre"> </div>workers’ compensation<div style="display:inline-block;width:6px;white-space:pre"> </div>liability; and<div style="display:inline-block;width:6px;white-space:pre"> </div>other </div><div id="a36614" style="position:absolute;font-family:'Arial';left:5px;top:136px;">contingencies.</div></div></div></div><div id="TextContainer2164" style="position:relative;width:676px;z-index:1;font-size:13.28px;"></div><div id="div_2159_XBRL_TS_0d9f4d18538c45149a21b6bfc32dc88e" style="position:absolute;left:0px;top:659px;float:left;"><div id="TextBlockContainer2160" style="position:relative;line-height:normal;width:676px;height:294px;"><div id="TextContainer2160" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a36616" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(e)<div style="display:inline-block;width:8px;white-space:pre"> </div>Foreign Currency </div><div id="a36622" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:29px;">Financial Statements of Foreign Operations </div><div id="a36630" style="position:absolute;font-family:'Arial';left:5px;top:60px;">The reporting currency of the Company is the U.S. Dollar,<div style="display:inline-block;width:5px;white-space:pre"> </div>or US$. </div><div id="a36641" style="position:absolute;font-family:'Arial';left:5px;top:91px;">Functional<div style="display:inline-block;width:7px;white-space:pre"> </div>currency<div style="display:inline-block;width:7px;white-space:pre"> </div>is<div style="display:inline-block;width:7px;white-space:pre"> </div>determined<div style="display:inline-block;width:7px;white-space:pre"> </div>by<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>primary<div style="display:inline-block;width:7px;white-space:pre"> </div>economic<div style="display:inline-block;width:7px;white-space:pre"> </div>environment<div style="display:inline-block;width:7px;white-space:pre"> </div>in<div style="display:inline-block;width:6px;white-space:pre"> </div>which<div style="display:inline-block;width:7px;white-space:pre"> </div>an<div style="display:inline-block;width:7px;white-space:pre"> </div>entity<div style="display:inline-block;width:7px;white-space:pre"> </div>operates.<div style="display:inline-block;width:7px;white-space:pre"> </div>The </div><div id="a36642" style="position:absolute;font-family:'Arial';left:5px;top:107px;">functional currency of<div style="display:inline-block;width:6px;white-space:pre"> </div>the Company<div style="display:inline-block;width:5px;white-space:pre"> </div>and its subsidiaries<div style="display:inline-block;width:6px;white-space:pre"> </div>is the US$,<div style="display:inline-block;width:5px;white-space:pre"> </div>with the exception<div style="display:inline-block;width:6px;white-space:pre"> </div>of two foreign<div style="display:inline-block;width:5px;white-space:pre"> </div>operating </div><div id="a36647" style="position:absolute;font-family:'Arial';left:5px;top:122px;">subsidiaries, Coronado Curragh Pty Ltd, or Curragh, and its immediate<div style="display:inline-block;width:5px;white-space:pre"> </div>parent, Coronado Australia Holdings Pty </div><div id="a36659" style="position:absolute;font-family:'Arial';left:5px;top:137px;">Ltd, or CAH,<div style="display:inline-block;width:6px;white-space:pre"> </div>whose functional<div style="display:inline-block;width:5px;white-space:pre"> </div>currency is<div style="display:inline-block;width:5px;white-space:pre"> </div>the Australian<div style="display:inline-block;width:5px;white-space:pre"> </div>dollar,<div style="display:inline-block;width:5px;white-space:pre"> </div>or A$, since<div style="display:inline-block;width:6px;white-space:pre"> </div>Curragh’s predominant<div style="display:inline-block;width:6px;white-space:pre"> </div>sources of </div><div id="a36671" style="position:absolute;font-family:'Arial';left:5px;top:153px;">operating expenses are denominated in that currency. </div><div id="a36673" style="position:absolute;font-family:'Arial';left:5px;top:184px;">Assets and liabilities<div style="display:inline-block;width:5px;white-space:pre"> </div>are translated at<div style="display:inline-block;width:5px;white-space:pre"> </div>the year-end exchange<div style="display:inline-block;width:5px;white-space:pre"> </div>rate and items<div style="display:inline-block;width:5px;white-space:pre"> </div>in the statement<div style="display:inline-block;width:5px;white-space:pre"> </div>of operations are </div><div id="a36676" style="position:absolute;font-family:'Arial';left:5px;top:199px;">translated at average rates with gains and losses from<div style="display:inline-block;width:5px;white-space:pre"> </div>translation recorded in other comprehensive losses. </div><div id="a36681" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:231px;">Foreign Currency Transactions </div><div id="a36683" style="position:absolute;font-family:'Arial';left:5px;top:262px;">Monetary<div style="display:inline-block;width:7px;white-space:pre"> </div>assets<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>liabilities<div style="display:inline-block;width:7px;white-space:pre"> </div>are<div style="display:inline-block;width:7px;white-space:pre"> </div>remeasured<div style="display:inline-block;width:7px;white-space:pre"> </div>at<div style="display:inline-block;width:7px;white-space:pre"> </div>year-end<div style="display:inline-block;width:7px;white-space:pre"> </div>exchange<div style="display:inline-block;width:7px;white-space:pre"> </div>rates<div style="display:inline-block;width:7px;white-space:pre"> </div>while<div style="display:inline-block;width:7px;white-space:pre"> </div>non-monetary<div style="display:inline-block;width:7px;white-space:pre"> </div>items<div style="display:inline-block;width:7px;white-space:pre"> </div>are </div><div id="a36688" style="position:absolute;font-family:'Arial';left:5px;top:277px;">remeasured at historical rates.<div style="display:inline-block;width:5px;white-space:pre"> </div></div></div></div></div></div><div id="TextBlockContainer2180" style="position:relative;line-height:normal;width:676px;height:967px;"><div id="div_2168_XBRL_TS_0d9f4d18538c45149a21b6bfc32dc88e_1" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2169" style="position:relative;line-height:normal;width:676px;height:233px;"><div id="TextContainer2169" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a36703" style="position:absolute;font-family:'Arial';left:5px;top:0px;">Gains and<div style="display:inline-block;width:6px;white-space:pre"> </div>losses<div style="display:inline-block;width:5px;white-space:pre"> </div>from foreign<div style="display:inline-block;width:6px;white-space:pre"> </div>currency<div style="display:inline-block;width:5px;white-space:pre"> </div>remeasurement<div style="display:inline-block;width:5px;white-space:pre"> </div>related<div style="display:inline-block;width:5px;white-space:pre"> </div>to Curragh’s<div style="display:inline-block;width:7px;white-space:pre"> </div>US$ receivables<div style="display:inline-block;width:7px;white-space:pre"> </div>are included<div style="display:inline-block;width:6px;white-space:pre"> </div>in </div><div id="a36708" style="position:absolute;font-family:'Arial';left:5px;top:15px;">coal revenues.<div style="display:inline-block;width:6px;white-space:pre"> </div>All other<div style="display:inline-block;width:6px;white-space:pre"> </div>gains<div style="display:inline-block;width:5px;white-space:pre"> </div>and losses<div style="display:inline-block;width:6px;white-space:pre"> </div>from foreign<div style="display:inline-block;width:6px;white-space:pre"> </div>currency<div style="display:inline-block;width:5px;white-space:pre"> </div>remeasurement<div style="display:inline-block;width:5px;white-space:pre"> </div>and foreign<div style="display:inline-block;width:6px;white-space:pre"> </div>currency<div style="display:inline-block;width:5px;white-space:pre"> </div>forward </div><div id="a36710" style="position:absolute;font-family:'Arial';left:5px;top:31px;">contracts<div style="display:inline-block;width:6px;white-space:pre"> </div>are<div style="display:inline-block;width:6px;white-space:pre"> </div>included<div style="display:inline-block;width:7px;white-space:pre"> </div>in<div style="display:inline-block;width:6px;white-space:pre"> </div>“Other,<div style="display:inline-block;width:7px;white-space:pre"> </div>net,”<div style="display:inline-block;width:6px;white-space:pre"> </div>with<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>exception<div style="display:inline-block;width:7px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>foreign<div style="display:inline-block;width:6px;white-space:pre"> </div>currency<div style="display:inline-block;width:7px;white-space:pre"> </div>gains<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:6px;white-space:pre"> </div>losses<div style="display:inline-block;width:6px;white-space:pre"> </div>on<div style="display:inline-block;width:7px;white-space:pre"> </div>long-term </div><div id="a36725" style="position:absolute;font-family:'Arial';left:5px;top:46px;">intercompany loan balances which are classified within “Accumulated<div style="display:inline-block;width:5px;white-space:pre"> </div>other comprehensive losses.”<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a36732" style="position:absolute;font-family:'Arial';left:5px;top:77px;">The<div style="display:inline-block;width:5px;white-space:pre"> </div>Company<div style="display:inline-block;width:6px;white-space:pre"> </div>may<div style="display:inline-block;width:5px;white-space:pre"> </div>periodically<div style="display:inline-block;width:5px;white-space:pre"> </div>enter<div style="display:inline-block;width:5px;white-space:pre"> </div>into<div style="display:inline-block;width:5px;white-space:pre"> </div>arrangements<div style="display:inline-block;width:6px;white-space:pre"> </div>that<div style="display:inline-block;width:5px;white-space:pre"> </div>protect<div style="display:inline-block;width:5px;white-space:pre"> </div>against<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>volatility<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>foreign<div style="display:inline-block;width:5px;white-space:pre"> </div>currency, </div><div id="a36733" style="position:absolute;font-family:'Arial';left:5px;top:93px;">including forward currency derivative contracts. Refer<div style="display:inline-block;width:5px;white-space:pre"> </div>to Note 21. “Derivatives and Fair<div style="display:inline-block;width:5px;white-space:pre"> </div>Value Measurement”<div style="display:inline-block;width:5px;white-space:pre"> </div>for </div><div id="a36736" style="position:absolute;font-family:'Arial';left:5px;top:108px;">further information.<div style="display:inline-block;width:4px;white-space:pre"> </div></div><div id="a36738" style="position:absolute;font-family:'Arial';left:5px;top:139px;">The total<div style="display:inline-block;width:6px;white-space:pre"> </div>aggregate impact<div style="display:inline-block;width:6px;white-space:pre"> </div>of foreign<div style="display:inline-block;width:6px;white-space:pre"> </div>currency transaction<div style="display:inline-block;width:6px;white-space:pre"> </div>gains or<div style="display:inline-block;width:6px;white-space:pre"> </div>losses on<div style="display:inline-block;width:6px;white-space:pre"> </div>the Consolidated<div style="display:inline-block;width:6px;white-space:pre"> </div>Statements of </div><div id="a36743" style="position:absolute;font-family:'Arial';left:5px;top:155px;">Operations and Comprehensive<div style="display:inline-block;width:5px;white-space:pre"> </div>Income was a<div style="display:inline-block;width:5px;white-space:pre"> </div>net loss of<div style="display:inline-block;width:5px;white-space:pre"> </div>$</div><div id="a36743_55_3" style="position:absolute;font-family:'Arial';left:358px;top:155px;">6.2</div><div id="a36743_58_23" style="position:absolute;font-family:'Arial';left:377px;top:155px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million, net gain<div style="display:inline-block;width:5px;white-space:pre"> </div>of $</div><div id="a36743_81_4" style="position:absolute;font-family:'Arial';left:501px;top:155px;">21.6</div><div id="a36743_85_25" style="position:absolute;font-family:'Arial';left:527px;top:155px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million and net<div style="display:inline-block;width:5px;white-space:pre"> </div>gain of </div><div id="a36764" style="position:absolute;font-family:'Arial';left:5px;top:170px;">$</div><div id="a36764_1_3" style="position:absolute;font-family:'Arial';left:12px;top:170px;">2.5</div><div id="a36764_4_105" style="position:absolute;font-family:'Arial';left:31px;top:170px;"><div style="display:inline-block;width:5px;white-space:pre"> </div>million for<div style="display:inline-block;width:6px;white-space:pre"> </div>the years<div style="display:inline-block;width:6px;white-space:pre"> </div>ended December<div style="display:inline-block;width:6px;white-space:pre"> </div>31, 2025,<div style="display:inline-block;width:6px;white-space:pre"> </div>2024 and<div style="display:inline-block;width:6px;white-space:pre"> </div>2023, respectively.<div style="display:inline-block;width:7px;white-space:pre"> </div>The total<div style="display:inline-block;width:5px;white-space:pre"> </div>impact of<div style="display:inline-block;width:6px;white-space:pre"> </div>foreign </div><div id="a36775" style="position:absolute;font-family:'Arial';left:5px;top:185px;">currency<div style="display:inline-block;width:6px;white-space:pre"> </div>transactions<div style="display:inline-block;width:6px;white-space:pre"> </div>related<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>US$<div style="display:inline-block;width:6px;white-space:pre"> </div>coal<div style="display:inline-block;width:6px;white-space:pre"> </div>sales<div style="display:inline-block;width:6px;white-space:pre"> </div>in<div style="display:inline-block;width:6px;white-space:pre"> </div>Australia<div style="display:inline-block;width:6px;white-space:pre"> </div>(included<div style="display:inline-block;width:6px;white-space:pre"> </div>in<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>total<div style="display:inline-block;width:6px;white-space:pre"> </div>above)<div style="display:inline-block;width:6px;white-space:pre"> </div>was<div style="display:inline-block;width:6px;white-space:pre"> </div>a<div style="display:inline-block;width:6px;white-space:pre"> </div>net<div style="display:inline-block;width:6px;white-space:pre"> </div>loss<div style="display:inline-block;width:6px;white-space:pre"> </div>of </div><div id="a36778" style="position:absolute;font-family:'Arial';left:5px;top:201px;">$</div><div id="a36778_1_3" style="position:absolute;font-family:'Arial';left:12px;top:201px;">8.8</div><div id="a36778_4_23" style="position:absolute;font-family:'Arial';left:31px;top:201px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million, net<div style="display:inline-block;width:5px;white-space:pre"> </div>gain of $</div><div id="a36778_27_3" style="position:absolute;font-family:'Arial';left:156px;top:201px;">8.4</div><div id="a36778_30_26" style="position:absolute;font-family:'Arial';left:174px;top:201px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million and<div style="display:inline-block;width:5px;white-space:pre"> </div>net loss<div style="display:inline-block;width:5px;white-space:pre"> </div>of $</div><div id="a36778_56_3" style="position:absolute;font-family:'Arial';left:321px;top:201px;">1.0</div><div id="a36778_59_53" style="position:absolute;font-family:'Arial';left:339px;top:201px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million for<div style="display:inline-block;width:5px;white-space:pre"> </div>the years<div style="display:inline-block;width:5px;white-space:pre"> </div>ended December<div style="display:inline-block;width:5px;white-space:pre"> </div>31, 2025,<div style="display:inline-block;width:5px;white-space:pre"> </div>2024 </div><div id="a36804" style="position:absolute;font-family:'Arial';left:5px;top:216px;">and 2023, respectively.</div></div></div></div><div id="TextContainer2180" style="position:relative;width:676px;z-index:1;font-size:13.28px;"></div><div id="div_2171_XBRL_TS_b71f052359d34c62a67afbb0a14ad6df" style="position:absolute;left:0px;top:247px;float:left;"><div id="TextBlockContainer2172" style="position:relative;line-height:normal;width:676px;height:123px;"><div id="TextContainer2172" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a36808" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(f)<div style="display:inline-block;width:11px;white-space:pre"> </div>Cash and Cash Equivalents</div><div id="a36818" style="position:absolute;font-family:'Arial';left:5px;top:29px;">Cash and<div style="display:inline-block;width:2px;white-space:pre"> </div>cash equivalents include<div style="display:inline-block;width:2px;white-space:pre"> </div>cash at<div style="display:inline-block;width:2px;white-space:pre"> </div>bank and<div style="display:inline-block;width:2px;white-space:pre"> </div>short-term, highly liquid<div style="display:inline-block;width:2px;white-space:pre"> </div>investments with<div style="display:inline-block;width:2px;white-space:pre"> </div>an original<div style="display:inline-block;width:2px;white-space:pre"> </div>maturity </div><div id="a36824" style="position:absolute;font-family:'Arial';left:5px;top:44px;">date of<div style="display:inline-block;width:6px;white-space:pre"> </div>three<div style="display:inline-block;width:5px;white-space:pre"> </div>months<div style="display:inline-block;width:5px;white-space:pre"> </div>or less.<div style="display:inline-block;width:7px;white-space:pre"> </div>The Company<div style="display:inline-block;width:6px;white-space:pre"> </div>had<div style="display:inline-block;width:5px;white-space:pre"> </div>$</div><div id="a36824_47_5" style="position:absolute;font-family:'Arial';left:309px;top:44px;">106.9</div><div id="a36824_52_14" style="position:absolute;font-family:'Arial';left:343px;top:44px;"><div style="display:inline-block;width:5px;white-space:pre"> </div>million<div style="display:inline-block;width:5px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>$</div><div id="a36824_66_5" style="position:absolute;font-family:'Arial';left:425px;top:44px;">221.4</div><div id="a36824_71_38" style="position:absolute;font-family:'Arial';left:458px;top:44px;"><div style="display:inline-block;width:5px;white-space:pre"> </div>million<div style="display:inline-block;width:5px;white-space:pre"> </div>of short-term,<div style="display:inline-block;width:7px;white-space:pre"> </div>highly<div style="display:inline-block;width:5px;white-space:pre"> </div>liquid </div><div id="a36841" style="position:absolute;font-family:'Arial';left:5px;top:59px;">investments classified as cash equivalents as of December<div style="display:inline-block;width:5px;white-space:pre"> </div>31, 2025 and 2024, respectively. </div><div id="a36850" style="position:absolute;font-family:'Arial';left:5px;top:91px;">“Cash<div style="display:inline-block;width:5px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>cash<div style="display:inline-block;width:5px;white-space:pre"> </div>equivalents,”<div style="display:inline-block;width:6px;white-space:pre"> </div>as disclosed<div style="display:inline-block;width:7px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>accompanying<div style="display:inline-block;width:5px;white-space:pre"> </div>Consolidated<div style="display:inline-block;width:6px;white-space:pre"> </div>Balance<div style="display:inline-block;width:5px;white-space:pre"> </div>Sheets,<div style="display:inline-block;width:5px;white-space:pre"> </div>includes<div style="display:inline-block;width:5px;white-space:pre"> </div>$</div><div id="a36850_101_3" style="position:absolute;font-family:'Arial';left:644px;top:91px;">0.3</div><div id="a36870" style="position:absolute;font-family:'Arial';left:5px;top:106px;">million of restricted cash at December 31, 2025 and<div style="display:inline-block;width:5px;white-space:pre"> </div>2024.</div></div></div></div><div id="TextContainer2181" style="position:relative;width:676px;z-index:1;font-size:13.28px;"></div><div id="div_2174_XBRL_TS_7b8f3ce290e34697ac0f9bf40e8779b6" style="position:absolute;left:0px;top:382px;float:left;"><div id="TextBlockContainer2175" style="position:relative;line-height:normal;width:676px;height:317px;"><div id="TextContainer2175" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a36877" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(g)<div style="display:inline-block;width:7px;white-space:pre"> </div>Trade Accounts Receivables</div><div id="a36884" style="position:absolute;font-family:'Arial';left:5px;top:29px;">Trade<div style="display:inline-block;width:7px;white-space:pre"> </div>accounts<div style="display:inline-block;width:7px;white-space:pre"> </div>receivables<div style="display:inline-block;width:7px;white-space:pre"> </div>represent<div style="display:inline-block;width:6px;white-space:pre"> </div>customer<div style="display:inline-block;width:7px;white-space:pre"> </div>obligations<div style="display:inline-block;width:6px;white-space:pre"> </div>that<div style="display:inline-block;width:6px;white-space:pre"> </div>are<div style="display:inline-block;width:6px;white-space:pre"> </div>derived<div style="display:inline-block;width:6px;white-space:pre"> </div>from<div style="display:inline-block;width:6px;white-space:pre"> </div>revenue<div style="display:inline-block;width:6px;white-space:pre"> </div>recognized<div style="display:inline-block;width:7px;white-space:pre"> </div>from </div><div id="a36911" style="position:absolute;font-family:'Arial';left:5px;top:44px;">contracts with customers. The Company extends trade credit to its customers in the ordinary<div style="display:inline-block;width:5px;white-space:pre"> </div>course of business </div><div id="a36945" style="position:absolute;font-family:'Arial';left:5px;top:59px;">based on<div style="display:inline-block;width:5px;white-space:pre"> </div>an evaluation<div style="display:inline-block;width:5px;white-space:pre"> </div>of the<div style="display:inline-block;width:5px;white-space:pre"> </div>individual customer’s<div style="display:inline-block;width:5px;white-space:pre"> </div>financial condition.<div style="display:inline-block;width:6px;white-space:pre"> </div>Trade receivables<div style="display:inline-block;width:6px;white-space:pre"> </div>are initially<div style="display:inline-block;width:5px;white-space:pre"> </div>recorded </div><div id="a36976" style="position:absolute;font-family:'Arial';left:5px;top:75px;">at fair value and subsequently at amortized cost, less<div style="display:inline-block;width:5px;white-space:pre"> </div>any Expected Credit Losses, or ECL.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a37007" style="position:absolute;font-family:'Arial';left:5px;top:103px;">The Company<div style="display:inline-block;width:7px;white-space:pre"> </div>determines<div style="display:inline-block;width:5px;white-space:pre"> </div>ECL on<div style="display:inline-block;width:6px;white-space:pre"> </div>a forward<div style="display:inline-block;width:1px;white-space:pre"> </div>-looking<div style="display:inline-block;width:5px;white-space:pre"> </div>basis<div style="display:inline-block;width:5px;white-space:pre"> </div>for the<div style="display:inline-block;width:6px;white-space:pre"> </div>expected<div style="display:inline-block;width:5px;white-space:pre"> </div>lifetime<div style="display:inline-block;width:5px;white-space:pre"> </div>losses<div style="display:inline-block;width:5px;white-space:pre"> </div>on trade<div style="display:inline-block;width:6px;white-space:pre"> </div>accounts </div><div id="a37042" style="position:absolute;font-family:'Arial';left:5px;top:119px;">receivable.<div style="display:inline-block;width:5px;white-space:pre"> </div>The<div style="display:inline-block;width:5px;white-space:pre"> </div>amount<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>ECL<div style="display:inline-block;width:5px;white-space:pre"> </div>is updated<div style="display:inline-block;width:6px;white-space:pre"> </div>at each<div style="display:inline-block;width:6px;white-space:pre"> </div>reporting<div style="display:inline-block;width:5px;white-space:pre"> </div>date<div style="display:inline-block;width:5px;white-space:pre"> </div>to reflect<div style="display:inline-block;width:6px;white-space:pre"> </div>changes<div style="display:inline-block;width:5px;white-space:pre"> </div>in credit<div style="display:inline-block;width:6px;white-space:pre"> </div>risk<div style="display:inline-block;width:5px;white-space:pre"> </div>since initial </div><div id="a37081" style="position:absolute;font-family:'Arial';left:5px;top:134px;">recognition of the respective<div style="display:inline-block;width:5px;white-space:pre"> </div>financial instrument. The<div style="display:inline-block;width:5px;white-space:pre"> </div>ECL is estimated based<div style="display:inline-block;width:5px;white-space:pre"> </div>on the Company’s<div style="display:inline-block;width:5px;white-space:pre"> </div>historic credit </div><div id="a37113" style="position:absolute;font-family:'Arial';left:5px;top:149px;">loss experience, adjusted<div style="display:inline-block;width:2px;white-space:pre"> </div>for factors that<div style="display:inline-block;width:2px;white-space:pre"> </div>are specific to<div style="display:inline-block;width:2px;white-space:pre"> </div>the financial asset,<div style="display:inline-block;width:2px;white-space:pre"> </div>general economic conditions,<div style="display:inline-block;width:2px;white-space:pre"> </div>financial </div><div id="a37145" style="position:absolute;font-family:'Arial';left:5px;top:165px;">asset type, term and an assessment of both the current as well as forecast conditions, including expected timing </div><div id="a37182" style="position:absolute;font-family:'Arial';left:5px;top:180px;">of<div style="display:inline-block;width:6px;white-space:pre"> </div>collection,<div style="display:inline-block;width:6px;white-space:pre"> </div>at<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>reporting<div style="display:inline-block;width:6px;white-space:pre"> </div>date,<div style="display:inline-block;width:6px;white-space:pre"> </div>modified<div style="display:inline-block;width:6px;white-space:pre"> </div>for<div style="display:inline-block;width:6px;white-space:pre"> </div>credit<div style="display:inline-block;width:6px;white-space:pre"> </div>enhancements<div style="display:inline-block;width:6px;white-space:pre"> </div>such<div style="display:inline-block;width:6px;white-space:pre"> </div>as<div style="display:inline-block;width:6px;white-space:pre"> </div>letters<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>credit<div style="display:inline-block;width:6px;white-space:pre"> </div>obtained. </div><div id="a37214" style="position:absolute;font-family:'Arial';left:647px;top:180px;">To </div><div id="a37216" style="position:absolute;font-family:'Arial';left:5px;top:195px;">measure ECL,<div style="display:inline-block;width:6px;white-space:pre"> </div>trade receivables<div style="display:inline-block;width:6px;white-space:pre"> </div>have been<div style="display:inline-block;width:6px;white-space:pre"> </div>grouped<div style="display:inline-block;width:5px;white-space:pre"> </div>based on<div style="display:inline-block;width:6px;white-space:pre"> </div>shared credit<div style="display:inline-block;width:6px;white-space:pre"> </div>risk characteristics<div style="display:inline-block;width:6px;white-space:pre"> </div>and the<div style="display:inline-block;width:6px;white-space:pre"> </div>days </div><div id="a37248" style="position:absolute;font-family:'Arial';left:5px;top:211px;">past due.<div style="display:inline-block;width:4px;white-space:pre"> </div></div><div id="a37253" style="position:absolute;font-family:'Arial';left:5px;top:239px;">The<div style="display:inline-block;width:6px;white-space:pre"> </div>amount<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>credit<div style="display:inline-block;width:6px;white-space:pre"> </div>loss<div style="display:inline-block;width:6px;white-space:pre"> </div>is<div style="display:inline-block;width:6px;white-space:pre"> </div>recognized<div style="display:inline-block;width:6px;white-space:pre"> </div>in<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Consolidated<div style="display:inline-block;width:6px;white-space:pre"> </div>Statements<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>Operations<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>Comprehensive </div><div id="a37288" style="position:absolute;font-family:'Arial';left:5px;top:255px;">Income within “Provision for discounting and credit losses.” The Company writes off a financial asset when there </div><div id="a37327" style="position:absolute;font-family:'Arial';left:5px;top:270px;">is information indicating there is no realistic prospect of recovery of the asset from the counterparty. Subsequent </div><div id="a37361" style="position:absolute;font-family:'Arial';left:5px;top:285px;">recoveries of amounts<div style="display:inline-block;width:5px;white-space:pre"> </div>previously written off<div style="display:inline-block;width:5px;white-space:pre"> </div>are credited against “Provision<div style="display:inline-block;width:6px;white-space:pre"> </div>for discounting and<div style="display:inline-block;width:5px;white-space:pre"> </div>credit losses” in </div><div id="a37396" style="position:absolute;font-family:'Arial';left:5px;top:301px;">the Consolidated Statements of Operations and Comprehensive<div style="display:inline-block;width:5px;white-space:pre"> </div>Income.</div></div></div></div><div id="TextContainer2182" style="position:relative;width:676px;z-index:1;font-size:13.28px;"></div><div id="div_2177_XBRL_TS_12f7a9fd4bc846c7b775fe3c801a5a13" style="position:absolute;left:0px;top:711px;float:left;"><div id="TextBlockContainer2178" style="position:relative;line-height:normal;width:676px;height:256px;"><div id="TextContainer2178" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a37419" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(h)<div style="display:inline-block;width:7px;white-space:pre"> </div>Inventories</div><div id="a37425" style="position:absolute;font-family:'Arial';left:5px;top:29px;">Coal is recorded<div style="display:inline-block;width:5px;white-space:pre"> </div>as inventory at the<div style="display:inline-block;width:6px;white-space:pre"> </div>point in time<div style="display:inline-block;width:5px;white-space:pre"> </div>the coal is<div style="display:inline-block;width:5px;white-space:pre"> </div>extracted from the<div style="display:inline-block;width:5px;white-space:pre"> </div>mine. Raw coal<div style="display:inline-block;width:5px;white-space:pre"> </div>represents coal </div><div id="a37426" style="position:absolute;font-family:'Arial';left:5px;top:44px;">stockpiles that<div style="display:inline-block;width:6px;white-space:pre"> </div>may be<div style="display:inline-block;width:6px;white-space:pre"> </div>sold in<div style="display:inline-block;width:6px;white-space:pre"> </div>current condition<div style="display:inline-block;width:6px;white-space:pre"> </div>or may<div style="display:inline-block;width:6px;white-space:pre"> </div>be further<div style="display:inline-block;width:6px;white-space:pre"> </div>processed prior<div style="display:inline-block;width:6px;white-space:pre"> </div>to shipment<div style="display:inline-block;width:6px;white-space:pre"> </div>to a<div style="display:inline-block;width:6px;white-space:pre"> </div>customer. </div><div id="a37427" style="position:absolute;font-family:'Arial';left:5px;top:59px;">Saleable coal represents coal stockpiles which require<div style="display:inline-block;width:5px;white-space:pre"> </div>no further processing prior to shipment to a customer. </div><div id="a37430" style="position:absolute;font-family:'Arial';left:5px;top:88px;">Coal inventories are stated<div style="display:inline-block;width:5px;white-space:pre"> </div>at the lower of average<div style="display:inline-block;width:5px;white-space:pre"> </div>cost and net realizable<div style="display:inline-block;width:5px;white-space:pre"> </div>value. The cost of coal<div style="display:inline-block;width:5px;white-space:pre"> </div>inventories is </div><div id="a37431" style="position:absolute;font-family:'Arial';left:5px;top:103px;">determined based<div style="display:inline-block;width:5px;white-space:pre"> </div>on an<div style="display:inline-block;width:5px;white-space:pre"> </div>average cost<div style="display:inline-block;width:5px;white-space:pre"> </div>of production,<div style="display:inline-block;width:5px;white-space:pre"> </div>which includes<div style="display:inline-block;width:5px;white-space:pre"> </div>all costs<div style="display:inline-block;width:5px;white-space:pre"> </div>incurred to<div style="display:inline-block;width:5px;white-space:pre"> </div>extract, transport<div style="display:inline-block;width:5px;white-space:pre"> </div>and </div><div id="a37432" style="position:absolute;font-family:'Arial';left:5px;top:119px;">process<div style="display:inline-block;width:5px;white-space:pre"> </div>the coal.<div style="display:inline-block;width:6px;white-space:pre"> </div>Net<div style="display:inline-block;width:5px;white-space:pre"> </div>realizable<div style="display:inline-block;width:5px;white-space:pre"> </div>value<div style="display:inline-block;width:5px;white-space:pre"> </div>considers<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>estimated<div style="display:inline-block;width:5px;white-space:pre"> </div>sales<div style="display:inline-block;width:5px;white-space:pre"> </div>price<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>particular<div style="display:inline-block;width:5px;white-space:pre"> </div>coal<div style="display:inline-block;width:5px;white-space:pre"> </div>product,<div style="display:inline-block;width:5px;white-space:pre"> </div>less </div><div id="a37434" style="position:absolute;font-family:'Arial';left:5px;top:134px;">applicable selling costs,<div style="display:inline-block;width:5px;white-space:pre"> </div>depending on the<div style="display:inline-block;width:5px;white-space:pre"> </div>location of the coal<div style="display:inline-block;width:5px;white-space:pre"> </div>stockpile, and, in the<div style="display:inline-block;width:6px;white-space:pre"> </div>case of raw coal,<div style="display:inline-block;width:5px;white-space:pre"> </div>estimated </div><div id="a37437" style="position:absolute;font-family:'Arial';left:5px;top:149px;">remaining processing costs. </div><div id="a37439" style="position:absolute;font-family:'Arial';left:5px;top:178px;">Supplies<div style="display:inline-block;width:7px;white-space:pre"> </div>inventory<div style="display:inline-block;width:7px;white-space:pre"> </div>is<div style="display:inline-block;width:7px;white-space:pre"> </div>comprised<div style="display:inline-block;width:7px;white-space:pre"> </div>of<div style="display:inline-block;width:7px;white-space:pre"> </div>replacement<div style="display:inline-block;width:8px;white-space:pre"> </div>parts<div style="display:inline-block;width:7px;white-space:pre"> </div>for<div style="display:inline-block;width:7px;white-space:pre"> </div>operational<div style="display:inline-block;width:7px;white-space:pre"> </div>equipment<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>other<div style="display:inline-block;width:7px;white-space:pre"> </div>miscellaneous </div><div id="a37440" style="position:absolute;font-family:'Arial';left:5px;top:193px;">materials and supplies required for<div style="display:inline-block;width:5px;white-space:pre"> </div>mining, which are stated at cost<div style="display:inline-block;width:5px;white-space:pre"> </div>on the date of purchase.<div style="display:inline-block;width:5px;white-space:pre"> </div>Supplies inventory </div><div id="a37444" style="position:absolute;font-family:'Arial';left:5px;top:209px;">is valued at<div style="display:inline-block;width:5px;white-space:pre"> </div>the lower of<div style="display:inline-block;width:5px;white-space:pre"> </div>average cost or<div style="display:inline-block;width:5px;white-space:pre"> </div>net realizable<div style="display:inline-block;width:5px;white-space:pre"> </div>value, less a<div style="display:inline-block;width:5px;white-space:pre"> </div>reserve for obsolete<div style="display:inline-block;width:6px;white-space:pre"> </div>or surplus items.<div style="display:inline-block;width:5px;white-space:pre"> </div>This </div><div id="a37445" style="position:absolute;font-family:'Arial';left:5px;top:224px;">reserve incorporates several factors, such as anticipated usage, inventory turnover and inventory levels. It is not </div><div id="a37447" style="position:absolute;font-family:'Arial';left:5px;top:239px;">customary to sell these inventories; the Company plans<div style="display:inline-block;width:5px;white-space:pre"> </div>to use them in mining operations as needed.</div></div></div></div><div id="TextContainer2183" style="position:relative;width:676px;z-index:1;font-size:13.28px;"></div></div><div id="TextBlockContainer2189" style="position:relative;line-height:normal;width:676px;height:809px;"><div id="div_2186_XBRL_TS_58eaa564909a4d4eb00d4bbef67cff94" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2187" style="position:relative;line-height:normal;width:676px;height:809px;"><div id="TextContainer2187" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a37463" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(i)<div style="display:inline-block;width:11px;white-space:pre"> </div>Property, Plant and<div style="display:inline-block;width:5px;white-space:pre"> </div>Equipment, Impairment of Long-Lived Assets and Goodwill</div><div id="a37471" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:29px;">Property, Plant, and<div style="display:inline-block;width:5px;white-space:pre"> </div>Equipment </div><div id="a37473" style="position:absolute;font-family:'Arial';left:5px;top:57px;">Costs for mine development incurred to<div style="display:inline-block;width:2px;white-space:pre"> </div>expand capacity of operating mines or to<div style="display:inline-block;width:2px;white-space:pre"> </div>develop new mines and certain </div><div id="a37475" style="position:absolute;font-family:'Arial';left:5px;top:73px;">mining equipment are capitalized and charged to operations on the<div style="display:inline-block;width:2px;white-space:pre"> </div>hours of usage or units of production method </div><div id="a37479" style="position:absolute;font-family:'Arial';left:5px;top:88px;">over<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>estimated<div style="display:inline-block;width:6px;white-space:pre"> </div>proven<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>probable<div style="display:inline-block;width:6px;white-space:pre"> </div>reserve<div style="display:inline-block;width:6px;white-space:pre"> </div>tons<div style="display:inline-block;width:6px;white-space:pre"> </div>directly<div style="display:inline-block;width:6px;white-space:pre"> </div>benefiting<div style="display:inline-block;width:6px;white-space:pre"> </div>from<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>capital<div style="display:inline-block;width:6px;white-space:pre"> </div>expenditures.<div style="display:inline-block;width:6px;white-space:pre"> </div>Mine </div><div id="a37480" style="position:absolute;font-family:'Arial';left:5px;top:103px;">development<div style="display:inline-block;width:8px;white-space:pre"> </div>costs<div style="display:inline-block;width:8px;white-space:pre"> </div>include<div style="display:inline-block;width:8px;white-space:pre"> </div>costs<div style="display:inline-block;width:8px;white-space:pre"> </div>incurred<div style="display:inline-block;width:8px;white-space:pre"> </div>for<div style="display:inline-block;width:8px;white-space:pre"> </div>site<div style="display:inline-block;width:8px;white-space:pre"> </div>preparation<div style="display:inline-block;width:8px;white-space:pre"> </div>and<div style="display:inline-block;width:8px;white-space:pre"> </div>development<div style="display:inline-block;width:8px;white-space:pre"> </div>of<div style="display:inline-block;width:8px;white-space:pre"> </div>the<div style="display:inline-block;width:8px;white-space:pre"> </div>mines<div style="display:inline-block;width:8px;white-space:pre"> </div>during<div style="display:inline-block;width:8px;white-space:pre"> </div>the </div><div id="a37481" style="position:absolute;font-family:'Arial';left:5px;top:119px;">development stage.<div style="display:inline-block;width:5px;white-space:pre"> </div>Mineral rights and<div style="display:inline-block;width:5px;white-space:pre"> </div>reserves acquired are<div style="display:inline-block;width:6px;white-space:pre"> </div>measured at cost<div style="display:inline-block;width:5px;white-space:pre"> </div>and are depleted<div style="display:inline-block;width:6px;white-space:pre"> </div>on a units-of-</div><div id="a37487" style="position:absolute;font-family:'Arial';left:5px;top:134px;">production<div style="display:inline-block;width:7px;white-space:pre"> </div>method<div style="display:inline-block;width:7px;white-space:pre"> </div>over<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>estimated<div style="display:inline-block;width:7px;white-space:pre"> </div>proven<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>probable<div style="display:inline-block;width:7px;white-space:pre"> </div>reserve<div style="display:inline-block;width:7px;white-space:pre"> </div>tons<div style="display:inline-block;width:7px;white-space:pre"> </div>of<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>relevant<div style="display:inline-block;width:7px;white-space:pre"> </div>mineral<div style="display:inline-block;width:7px;white-space:pre"> </div>property. </div><div id="a37488" style="position:absolute;font-family:'Arial';left:5px;top:149px;">Capitalized costs related to internal-use software are amortized<div style="display:inline-block;width:2px;white-space:pre"> </div>on a straight-line basis over the estimated useful </div><div id="a37494" style="position:absolute;font-family:'Arial';left:5px;top:165px;">lives of the assets. </div><div id="a37496" style="position:absolute;font-family:'Arial';left:5px;top:193px;">Property,<div style="display:inline-block;width:7px;white-space:pre"> </div>plant,<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>equipment<div style="display:inline-block;width:6px;white-space:pre"> </div>are<div style="display:inline-block;width:6px;white-space:pre"> </div>recorded<div style="display:inline-block;width:6px;white-space:pre"> </div>at<div style="display:inline-block;width:6px;white-space:pre"> </div>cost<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>include<div style="display:inline-block;width:6px;white-space:pre"> </div>expenditures<div style="display:inline-block;width:6px;white-space:pre"> </div>for<div style="display:inline-block;width:6px;white-space:pre"> </div>improvements<div style="display:inline-block;width:6px;white-space:pre"> </div>when<div style="display:inline-block;width:6px;white-space:pre"> </div>they </div><div id="a37497" style="position:absolute;font-family:'Arial';left:5px;top:209px;">substantially<div style="display:inline-block;width:5px;white-space:pre"> </div>increase<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>productive<div style="display:inline-block;width:5px;white-space:pre"> </div>lives<div style="display:inline-block;width:5px;white-space:pre"> </div>of existing<div style="display:inline-block;width:7px;white-space:pre"> </div>assets.<div style="display:inline-block;width:5px;white-space:pre"> </div>Depreciation<div style="display:inline-block;width:5px;white-space:pre"> </div>is calculated<div style="display:inline-block;width:6px;white-space:pre"> </div>using<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>straight-line </div><div id="a37500" style="position:absolute;font-family:'Arial';left:5px;top:224px;">method over<div style="display:inline-block;width:2px;white-space:pre"> </div>the estimated<div style="display:inline-block;width:2px;white-space:pre"> </div>useful lives<div style="display:inline-block;width:2px;white-space:pre"> </div>of the<div style="display:inline-block;width:2px;white-space:pre"> </div>depreciable assets of </div><div id="a37500_68_1" style="position:absolute;font-family:'Arial';left:393px;top:224px;">3</div><div id="a37500_69_4" style="position:absolute;font-family:'Arial';left:401px;top:224px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>to </div><div id="a37500_73_2" style="position:absolute;font-family:'Arial';left:418px;top:224px;">10</div><div id="a37500_75_39" style="position:absolute;font-family:'Arial';left:433px;top:224px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>years for machinery, mining<div style="display:inline-block;width:2px;white-space:pre"> </div>equipment </div><div id="a37504" style="position:absolute;font-family:'Arial';left:5px;top:239px;">and<div style="display:inline-block;width:6px;white-space:pre"> </div>transportation<div style="display:inline-block;width:6px;white-space:pre"> </div>vehicles, </div><div id="a37504_29_1" style="position:absolute;font-family:'Arial';left:179px;top:239px;">5</div><div id="a37504_30_4" style="position:absolute;font-family:'Arial';left:186px;top:239px;"><div style="display:inline-block;width:6px;white-space:pre"> </div>to </div><div id="a37504_34_2" style="position:absolute;font-family:'Arial';left:209px;top:239px;">10</div><div id="a37504_36_33" style="position:absolute;font-family:'Arial';left:224px;top:239px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>years<div style="display:inline-block;width:6px;white-space:pre"> </div>for<div style="display:inline-block;width:6px;white-space:pre"> </div>office<div style="display:inline-block;width:6px;white-space:pre"> </div>equipment,<div style="display:inline-block;width:6px;white-space:pre"> </div>and </div><div id="a37504_69_2" style="position:absolute;font-family:'Arial';left:426px;top:239px;">10</div><div id="a37504_71_4" style="position:absolute;font-family:'Arial';left:441px;top:239px;"><div style="display:inline-block;width:6px;white-space:pre"> </div>to </div><div id="a37504_75_2" style="position:absolute;font-family:'Arial';left:464px;top:239px;">20</div><div id="a37504_77_32" style="position:absolute;font-family:'Arial';left:479px;top:239px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>years<div style="display:inline-block;width:6px;white-space:pre"> </div>for<div style="display:inline-block;width:6px;white-space:pre"> </div>plant,<div style="display:inline-block;width:6px;white-space:pre"> </div>buildings<div style="display:inline-block;width:6px;white-space:pre"> </div>and </div><div id="a37509" style="position:absolute;font-family:'Arial';left:5px;top:255px;">improvements. </div><div id="a37511" style="position:absolute;font-family:'Arial';left:5px;top:283px;">Maintenance and<div style="display:inline-block;width:5px;white-space:pre"> </div>repair costs<div style="display:inline-block;width:5px;white-space:pre"> </div>are expensed to<div style="display:inline-block;width:6px;white-space:pre"> </div>operations as<div style="display:inline-block;width:5px;white-space:pre"> </div>incurred. When<div style="display:inline-block;width:5px;white-space:pre"> </div>equipment is<div style="display:inline-block;width:5px;white-space:pre"> </div>retired or<div style="display:inline-block;width:5px;white-space:pre"> </div>disposed, </div><div id="a37512" style="position:absolute;font-family:'Arial';left:5px;top:299px;">the related cost<div style="display:inline-block;width:6px;white-space:pre"> </div>and accumulated<div style="display:inline-block;width:5px;white-space:pre"> </div>depreciation are<div style="display:inline-block;width:5px;white-space:pre"> </div>removed from<div style="display:inline-block;width:5px;white-space:pre"> </div>the respective<div style="display:inline-block;width:5px;white-space:pre"> </div>accounts and any<div style="display:inline-block;width:6px;white-space:pre"> </div>gain or loss </div><div id="a37513" style="position:absolute;font-family:'Arial';left:5px;top:314px;">on disposal is recognized in operations. </div><div id="a37515" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:343px;">Impairment of long-lived assets </div><div id="a37519" style="position:absolute;font-family:'Arial';left:5px;top:371px;">Long-lived<div style="display:inline-block;width:8px;white-space:pre"> </div>assets,<div style="display:inline-block;width:8px;white-space:pre"> </div>such<div style="display:inline-block;width:8px;white-space:pre"> </div>as<div style="display:inline-block;width:8px;white-space:pre"> </div>property,<div style="display:inline-block;width:9px;white-space:pre"> </div>plant,<div style="display:inline-block;width:8px;white-space:pre"> </div>and<div style="display:inline-block;width:8px;white-space:pre"> </div>equipment,<div style="display:inline-block;width:8px;white-space:pre"> </div>and<div style="display:inline-block;width:8px;white-space:pre"> </div>purchased<div style="display:inline-block;width:8px;white-space:pre"> </div>intangible<div style="display:inline-block;width:8px;white-space:pre"> </div>assets<div style="display:inline-block;width:8px;white-space:pre"> </div>subject<div style="display:inline-block;width:8px;white-space:pre"> </div>to </div><div id="a37522" style="position:absolute;font-family:'Arial';left:5px;top:387px;">amortization,<div style="display:inline-block;width:7px;white-space:pre"> </div>are<div style="display:inline-block;width:7px;white-space:pre"> </div>reviewed<div style="display:inline-block;width:7px;white-space:pre"> </div>for<div style="display:inline-block;width:7px;white-space:pre"> </div>impairment<div style="display:inline-block;width:7px;white-space:pre"> </div>whenever<div style="display:inline-block;width:7px;white-space:pre"> </div>events<div style="display:inline-block;width:7px;white-space:pre"> </div>or<div style="display:inline-block;width:7px;white-space:pre"> </div>changes<div style="display:inline-block;width:7px;white-space:pre"> </div>in<div style="display:inline-block;width:6px;white-space:pre"> </div>circumstances<div style="display:inline-block;width:7px;white-space:pre"> </div>indicate<div style="display:inline-block;width:7px;white-space:pre"> </div>that<div style="display:inline-block;width:7px;white-space:pre"> </div>the </div><div id="a37523" style="position:absolute;font-family:'Arial';left:5px;top:402px;">carrying amount of an<div style="display:inline-block;width:5px;white-space:pre"> </div>asset may not be<div style="display:inline-block;width:5px;white-space:pre"> </div>recoverable.<div style="display:inline-block;width:4px;white-space:pre"> </div>If circumstances require<div style="display:inline-block;width:5px;white-space:pre"> </div>a long-lived asset or<div style="display:inline-block;width:5px;white-space:pre"> </div>asset group </div><div id="a37527" style="position:absolute;font-family:'Arial';left:5px;top:417px;">be<div style="display:inline-block;width:7px;white-space:pre"> </div>tested<div style="display:inline-block;width:7px;white-space:pre"> </div>for<div style="display:inline-block;width:7px;white-space:pre"> </div>possible<div style="display:inline-block;width:7px;white-space:pre"> </div>impairment,<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>Company<div style="display:inline-block;width:7px;white-space:pre"> </div>first<div style="display:inline-block;width:7px;white-space:pre"> </div>compares<div style="display:inline-block;width:7px;white-space:pre"> </div>undiscounted<div style="display:inline-block;width:8px;white-space:pre"> </div>cash<div style="display:inline-block;width:7px;white-space:pre"> </div>flows<div style="display:inline-block;width:7px;white-space:pre"> </div>expected<div style="display:inline-block;width:7px;white-space:pre"> </div>to<div style="display:inline-block;width:7px;white-space:pre"> </div>be </div><div id="a37528" style="position:absolute;font-family:'Arial';left:5px;top:433px;">generated by<div style="display:inline-block;width:5px;white-space:pre"> </div>that asset<div style="display:inline-block;width:5px;white-space:pre"> </div>or asset<div style="display:inline-block;width:5px;white-space:pre"> </div>group to<div style="display:inline-block;width:5px;white-space:pre"> </div>its carrying<div style="display:inline-block;width:5px;white-space:pre"> </div>amount. If<div style="display:inline-block;width:5px;white-space:pre"> </div>the carrying<div style="display:inline-block;width:5px;white-space:pre"> </div>amount of<div style="display:inline-block;width:5px;white-space:pre"> </div>the long-lived<div style="display:inline-block;width:5px;white-space:pre"> </div>asset or </div><div id="a37537" style="position:absolute;font-family:'Arial';left:5px;top:448px;">asset group<div style="display:inline-block;width:5px;white-space:pre"> </div>is not<div style="display:inline-block;width:5px;white-space:pre"> </div>recoverable on<div style="display:inline-block;width:6px;white-space:pre"> </div>an undiscounted<div style="display:inline-block;width:6px;white-space:pre"> </div>cash flow<div style="display:inline-block;width:6px;white-space:pre"> </div>basis, an<div style="display:inline-block;width:6px;white-space:pre"> </div>impairment is<div style="display:inline-block;width:6px;white-space:pre"> </div>recognized to<div style="display:inline-block;width:6px;white-space:pre"> </div>the extent </div><div id="a37538" style="position:absolute;font-family:'Arial';left:5px;top:463px;">that the<div style="display:inline-block;width:6px;white-space:pre"> </div>carrying amount<div style="display:inline-block;width:6px;white-space:pre"> </div>exceeds its<div style="display:inline-block;width:6px;white-space:pre"> </div>fair value.<div style="display:inline-block;width:6px;white-space:pre"> </div>Fair value<div style="display:inline-block;width:6px;white-space:pre"> </div>is determined<div style="display:inline-block;width:6px;white-space:pre"> </div>through<div style="display:inline-block;width:5px;white-space:pre"> </div>various valuation<div style="display:inline-block;width:6px;white-space:pre"> </div>techniques </div><div id="a37542" style="position:absolute;font-family:'Arial';left:5px;top:479px;">including<div style="display:inline-block;width:7px;white-space:pre"> </div>discounted<div style="display:inline-block;width:7px;white-space:pre"> </div>cash<div style="display:inline-block;width:7px;white-space:pre"> </div>flow<div style="display:inline-block;width:7px;white-space:pre"> </div>models,<div style="display:inline-block;width:7px;white-space:pre"> </div>quoted<div style="display:inline-block;width:8px;white-space:pre"> </div>market<div style="display:inline-block;width:7px;white-space:pre"> </div>values<div style="display:inline-block;width:8px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>third-party<div style="display:inline-block;width:8px;white-space:pre"> </div>independent<div style="display:inline-block;width:8px;white-space:pre"> </div>appraisals,<div style="display:inline-block;width:8px;white-space:pre"> </div>as </div><div id="a37545" style="position:absolute;font-family:'Arial';left:5px;top:494px;">considered necessary.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a37548" style="position:absolute;font-family:'Arial';left:5px;top:523px;">In circumstances in which the Company intends to sell a long-lived<div style="display:inline-block;width:5px;white-space:pre"> </div>or asset group that did not satisfy the criteria </div><div id="a37556" style="position:absolute;font-family:'Arial';left:5px;top:538px;">to be<div style="display:inline-block;width:5px;white-space:pre"> </div>classified as<div style="display:inline-block;width:6px;white-space:pre"> </div>“held-for-sale,” an<div style="display:inline-block;width:6px;white-space:pre"> </div>impairment charge<div style="display:inline-block;width:6px;white-space:pre"> </div>is recorded<div style="display:inline-block;width:6px;white-space:pre"> </div>when the<div style="display:inline-block;width:5px;white-space:pre"> </div>carrying amount<div style="display:inline-block;width:6px;white-space:pre"> </div>of the<div style="display:inline-block;width:5px;white-space:pre"> </div>disposal </div><div id="a37566" style="position:absolute;font-family:'Arial';left:5px;top:553px;">group exceeds its estimated fair value, less costs to sell. </div><div id="a37568" style="position:absolute;font-family:'Arial';left:5px;top:582px;">The Company recognized<div style="display:inline-block;width:5px;white-space:pre"> </div>an impairment charge of<div style="display:inline-block;width:5px;white-space:pre"> </div>$</div><div id="a37568_48_4" style="position:absolute;font-family:'Arial';left:318px;top:582px;">10.6</div><div id="a37568_52_56" style="position:absolute;font-family:'Arial';left:344px;top:582px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million against property,<div style="display:inline-block;width:6px;white-space:pre"> </div>plant and equipment relating </div><div id="a37569" style="position:absolute;font-family:'Arial';left:5px;top:597px;">to a<div style="display:inline-block;width:6px;white-space:pre"> </div>long-standing<div style="display:inline-block;width:5px;white-space:pre"> </div>non-core<div style="display:inline-block;width:5px;white-space:pre"> </div>idle<div style="display:inline-block;width:5px;white-space:pre"> </div>asset within<div style="display:inline-block;width:6px;white-space:pre"> </div>the U.S.<div style="display:inline-block;width:6px;white-space:pre"> </div>Operation<div style="display:inline-block;width:5px;white-space:pre"> </div>for the<div style="display:inline-block;width:6px;white-space:pre"> </div>year<div style="display:inline-block;width:5px;white-space:pre"> </div>ended<div style="display:inline-block;width:5px;white-space:pre"> </div>December<div style="display:inline-block;width:5px;white-space:pre"> </div>31, 2024.<div style="display:inline-block;width:6px;white-space:pre"> </div>The </div><div id="a37574" style="position:absolute;font-family:'Arial';left:5px;top:613px;">Company concluded<div style="display:inline-block;width:5px;white-space:pre"> </div>that </div><div id="a37574_23_2" style="position:absolute;font-family:'Arial';left:158px;top:613px;">no</div><div id="a37574_25_80" style="position:absolute;font-family:'Arial';left:173px;top:613px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>impairment charges<div style="display:inline-block;width:6px;white-space:pre"> </div>were required<div style="display:inline-block;width:5px;white-space:pre"> </div>at any<div style="display:inline-block;width:5px;white-space:pre"> </div>of the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company’s mining<div style="display:inline-block;width:6px;white-space:pre"> </div>assets for<div style="display:inline-block;width:5px;white-space:pre"> </div>the </div><div id="a37576" style="position:absolute;font-family:'Arial';left:5px;top:628px;">years ended December 31, 2025 and 2023.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a37578" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:657px;">Goodwill </div><div id="a37580" style="position:absolute;font-family:'Arial';left:5px;top:685px;">Goodwill is an asset<div style="display:inline-block;width:5px;white-space:pre"> </div>representing the future economic<div style="display:inline-block;width:6px;white-space:pre"> </div>benefits arising from other<div style="display:inline-block;width:5px;white-space:pre"> </div>assets acquired in a<div style="display:inline-block;width:5px;white-space:pre"> </div>business </div><div id="a37581" style="position:absolute;font-family:'Arial';left:5px;top:701px;">combination<div style="display:inline-block;width:6px;white-space:pre"> </div>that<div style="display:inline-block;width:6px;white-space:pre"> </div>are<div style="display:inline-block;width:6px;white-space:pre"> </div>not<div style="display:inline-block;width:6px;white-space:pre"> </div>individually<div style="display:inline-block;width:6px;white-space:pre"> </div>identified<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>separately<div style="display:inline-block;width:6px;white-space:pre"> </div>recognized.<div style="display:inline-block;width:6px;white-space:pre"> </div>In<div style="display:inline-block;width:6px;white-space:pre"> </div>connection<div style="display:inline-block;width:6px;white-space:pre"> </div>with<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Buchanan </div><div id="a37582" style="position:absolute;font-family:'Arial';left:5px;top:716px;">acquisition on<div style="display:inline-block;width:6px;white-space:pre"> </div>March 31,<div style="display:inline-block;width:5px;white-space:pre"> </div>2016, the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company recorded<div style="display:inline-block;width:6px;white-space:pre"> </div>goodwill in<div style="display:inline-block;width:6px;white-space:pre"> </div>the amount<div style="display:inline-block;width:6px;white-space:pre"> </div>of $</div><div id="a37582_79_4" style="position:absolute;font-family:'Arial';left:502px;top:716px;">28.0</div><div id="a37582_83_22" style="position:absolute;font-family:'Arial';left:528px;top:716px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million.<div style="display:inline-block;width:5px;white-space:pre"> </div>The Company </div><div id="a37589" style="position:absolute;font-family:'Arial';left:5px;top:731px;">performed a<div style="display:inline-block;width:5px;white-space:pre"> </div>qualitative assessment<div style="display:inline-block;width:6px;white-space:pre"> </div>to determine<div style="display:inline-block;width:6px;white-space:pre"> </div>if impairment<div style="display:inline-block;width:5px;white-space:pre"> </div>was required<div style="display:inline-block;width:6px;white-space:pre"> </div>at December 31,<div style="display:inline-block;width:6px;white-space:pre"> </div>2025 and<div style="display:inline-block;width:6px;white-space:pre"> </div>2024. </div><div id="a37597" style="position:absolute;font-family:'Arial';left:5px;top:747px;">Based upon the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company’s qualitative<div style="display:inline-block;width:6px;white-space:pre"> </div>assessment, it<div style="display:inline-block;width:5px;white-space:pre"> </div>is more likely<div style="display:inline-block;width:5px;white-space:pre"> </div>than not that<div style="display:inline-block;width:6px;white-space:pre"> </div>the fair value<div style="display:inline-block;width:5px;white-space:pre"> </div>of the reporting </div><div id="a37599" style="position:absolute;font-family:'Arial';left:5px;top:762px;">unit is greater<div style="display:inline-block;width:2px;white-space:pre"> </div>than its carrying amount<div style="display:inline-block;width:2px;white-space:pre"> </div>at December 31, 2025 and<div style="display:inline-block;width:2px;white-space:pre"> </div>2024. As a<div style="display:inline-block;width:2px;white-space:pre"> </div>result, </div><div id="a37599_85_2" style="position:absolute;font-family:'Arial';left:496px;top:762px;">no</div><div id="a37599_87_26" style="position:absolute;font-family:'Arial';left:511px;top:762px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>impairment was required, </div><div id="a37607" style="position:absolute;font-family:'Arial';left:5px;top:777px;">and the balance<div style="display:inline-block;width:2px;white-space:pre"> </div>of goodwill at<div style="display:inline-block;width:2px;white-space:pre"> </div>both December 31, 2025 and<div style="display:inline-block;width:2px;white-space:pre"> </div>2024 was $</div><div id="a37607_68_4" style="position:absolute;font-family:'Arial';left:422px;top:777px;">28.0</div><div id="a37607_72_36" style="position:absolute;font-family:'Arial';left:448px;top:777px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million. The Company has<div style="display:inline-block;width:2px;white-space:pre"> </div>not noted </div><div id="a37618" style="position:absolute;font-family:'Arial';left:5px;top:793px;">any indicators of impairment since the acquisition date.<div style="display:inline-block;width:5px;white-space:pre"> </div></div></div></div></div></div><div id="TextBlockContainer2204" style="position:relative;line-height:normal;width:676px;height:955px;"><div id="div_2192_XBRL_TS_58eaa564909a4d4eb00d4bbef67cff94_1" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2193" style="position:relative;line-height:normal;width:676px;height:229px;"><div id="TextContainer2193" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a37634" style="position:absolute;font-family:'Arial';left:5px;top:0px;">Goodwill is not<div style="display:inline-block;width:2px;white-space:pre"> </div>amortized but is reviewed<div style="display:inline-block;width:2px;white-space:pre"> </div>for impairment annually or<div style="display:inline-block;width:2px;white-space:pre"> </div>when circumstances or other<div style="display:inline-block;width:2px;white-space:pre"> </div>events indicate </div><div id="a37635" style="position:absolute;font-family:'Arial';left:5px;top:15px;">that impairment may have occurred. The Company follows the<div style="display:inline-block;width:5px;white-space:pre"> </div>guidance in Accounting Standards Update 2017-</div><div id="a37637" style="position:absolute;font-family:'Arial';left:5px;top:31px;">04<div style="display:inline-block;width:7px;white-space:pre"> </div>- </div><div id="a37641" style="position:absolute;font-family:'Arial';font-style:italic;left:38px;top:31px;">Intangibles<div style="display:inline-block;width:7px;white-space:pre"> </div>–<div style="display:inline-block;width:7px;white-space:pre"> </div>Goodwill<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>Other:<div style="display:inline-block;width:7px;white-space:pre"> </div>Simplifying<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>Test<div style="display:inline-block;width:8px;white-space:pre"> </div>for<div style="display:inline-block;width:7px;white-space:pre"> </div>Goodwill<div style="display:inline-block;width:7px;white-space:pre"> </div>Impairment</div><div id="a37645" style="position:absolute;font-family:'Arial';left:533px;top:31px;"><div style="display:inline-block;width:7px;white-space:pre"> </div>(ASU 2017-04).<div style="display:inline-block;width:7px;white-space:pre"> </div>The </div><div id="a37651" style="position:absolute;font-family:'Arial';left:5px;top:46px;">Company makes a qualitative assessment of whether it is more<div style="display:inline-block;width:5px;white-space:pre"> </div>likely than not that a reporting unit’s fair value is </div><div id="a37652" style="position:absolute;font-family:'Arial';left:5px;top:61px;">less than its carrying<div style="display:inline-block;width:2px;white-space:pre"> </div>amount. Circumstances that are considered as<div style="display:inline-block;width:2px;white-space:pre"> </div>part of the qualitative assessment<div style="display:inline-block;width:2px;white-space:pre"> </div>and could </div><div id="a37654" style="position:absolute;font-family:'Arial';left:5px;top:77px;">trigger a quantitative impairment test include,<div style="display:inline-block;width:4px;white-space:pre"> </div>but are not limited to, a significant adverse change in the business </div><div id="a37661" style="position:absolute;font-family:'Arial';left:5px;top:92px;">climate; a significant<div style="display:inline-block;width:6px;white-space:pre"> </div>adverse legal<div style="display:inline-block;width:5px;white-space:pre"> </div>judgment; adverse<div style="display:inline-block;width:5px;white-space:pre"> </div>cash flow trends;<div style="display:inline-block;width:6px;white-space:pre"> </div>an adverse<div style="display:inline-block;width:5px;white-space:pre"> </div>action or assessment<div style="display:inline-block;width:6px;white-space:pre"> </div>by a </div><div id="a37662" style="position:absolute;font-family:'Arial';left:5px;top:107px;">government agency; unanticipated competition; and a significant restructuring<div style="display:inline-block;width:5px;white-space:pre"> </div>charge within a reporting unit. If a </div><div id="a37664" style="position:absolute;font-family:'Arial';left:5px;top:123px;">quantitative assessment is determined to be necessary, the Company compares the fair value of a reporting unit </div><div id="a37665" style="position:absolute;font-family:'Arial';left:5px;top:138px;">with its carrying<div style="display:inline-block;width:5px;white-space:pre"> </div>amount, including goodwill.<div style="display:inline-block;width:6px;white-space:pre"> </div>If the carrying<div style="display:inline-block;width:5px;white-space:pre"> </div>amount of a<div style="display:inline-block;width:5px;white-space:pre"> </div>reporting unit<div style="display:inline-block;width:5px;white-space:pre"> </div>exceeds its fair<div style="display:inline-block;width:5px;white-space:pre"> </div>value, the </div><div id="a37667" style="position:absolute;font-family:'Arial';left:5px;top:153px;">Company recognizes an<div style="display:inline-block;width:5px;white-space:pre"> </div>impairment charge for<div style="display:inline-block;width:5px;white-space:pre"> </div>the amount by which<div style="display:inline-block;width:5px;white-space:pre"> </div>the carrying amount<div style="display:inline-block;width:5px;white-space:pre"> </div>exceeds its fair<div style="display:inline-block;width:5px;white-space:pre"> </div>value </div><div id="a37668" style="position:absolute;font-family:'Arial';left:5px;top:169px;">to the extent of the amount of goodwill allocated to that<div style="display:inline-block;width:5px;white-space:pre"> </div>reporting unit. </div><div id="a37671" style="position:absolute;font-family:'Arial';left:5px;top:197px;">The Company defines reporting<div style="display:inline-block;width:5px;white-space:pre"> </div>units at the mining<div style="display:inline-block;width:5px;white-space:pre"> </div>asset level. For purposes<div style="display:inline-block;width:5px;white-space:pre"> </div>of testing goodwill for<div style="display:inline-block;width:5px;white-space:pre"> </div>impairment, </div><div id="a37674" style="position:absolute;font-family:'Arial';left:5px;top:213px;">goodwill has been allocated to the reporting units to the<div style="display:inline-block;width:5px;white-space:pre"> </div>extent it relates to each reporting unit.</div></div></div></div><div id="TextContainer2204" style="position:relative;width:676px;z-index:1;font-size:13.28px;"></div><div id="div_2195_XBRL_TS_34dfe4f5c1974eb597fc4ee00eff3ea7" style="position:absolute;left:0px;top:241px;float:left;"><div id="TextBlockContainer2196" style="position:relative;line-height:normal;width:676px;height:307px;"><div id="TextContainer2196" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a37676" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(j)<div style="display:inline-block;width:11px;white-space:pre"> </div>Asset Retirement Obligations </div><div id="a37682" style="position:absolute;font-family:'Arial';left:5px;top:29px;">The<div style="display:inline-block;width:6px;white-space:pre"> </div>Company’s<div style="display:inline-block;width:7px;white-space:pre"> </div>asset<div style="display:inline-block;width:6px;white-space:pre"> </div>retirement<div style="display:inline-block;width:7px;white-space:pre"> </div>obligation,<div style="display:inline-block;width:7px;white-space:pre"> </div>or<div style="display:inline-block;width:6px;white-space:pre"> </div>ARO,<div style="display:inline-block;width:6px;white-space:pre"> </div>liabilities<div style="display:inline-block;width:7px;white-space:pre"> </div>primarily<div style="display:inline-block;width:6px;white-space:pre"> </div>consist<div style="display:inline-block;width:7px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>estimates<div style="display:inline-block;width:7px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>cost<div style="display:inline-block;width:7px;white-space:pre"> </div>of </div><div id="a37690" style="position:absolute;font-family:'Arial';left:5px;top:44px;">reclamation<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>surface<div style="display:inline-block;width:5px;white-space:pre"> </div>land<div style="display:inline-block;width:5px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>support<div style="display:inline-block;width:5px;white-space:pre"> </div>facilities<div style="display:inline-block;width:5px;white-space:pre"> </div>at<div style="display:inline-block;width:5px;white-space:pre"> </div>both<div style="display:inline-block;width:5px;white-space:pre"> </div>surface<div style="display:inline-block;width:5px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>underground<div style="display:inline-block;width:6px;white-space:pre"> </div>mines<div style="display:inline-block;width:5px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>accordance<div style="display:inline-block;width:6px;white-space:pre"> </div>with </div><div id="a37692" style="position:absolute;font-family:'Arial';left:5px;top:59px;">applicable reclamation laws and regulations in the U.S.<div style="display:inline-block;width:5px;white-space:pre"> </div>and Australia as defined by each mining permit. </div><div id="a37699" style="position:absolute;font-family:'Arial';left:5px;top:91px;">The Company<div style="display:inline-block;width:2px;white-space:pre"> </div>estimates its ARO<div style="display:inline-block;width:2px;white-space:pre"> </div>liabilities for<div style="display:inline-block;width:2px;white-space:pre"> </div>final reclamation<div style="display:inline-block;width:2px;white-space:pre"> </div>and mine<div style="display:inline-block;width:2px;white-space:pre"> </div>closure based upon<div style="display:inline-block;width:2px;white-space:pre"> </div>detailed engineering </div><div id="a37700" style="position:absolute;font-family:'Arial';left:5px;top:106px;">calculations of the amount<div style="display:inline-block;width:5px;white-space:pre"> </div>and timing of the future<div style="display:inline-block;width:5px;white-space:pre"> </div>cash spending for a<div style="display:inline-block;width:5px;white-space:pre"> </div>third party to perform<div style="display:inline-block;width:5px;white-space:pre"> </div>the required work. </div><div id="a37701" style="position:absolute;font-family:'Arial';left:5px;top:121px;">Spending<div style="display:inline-block;width:5px;white-space:pre"> </div>estimates<div style="display:inline-block;width:6px;white-space:pre"> </div>are<div style="display:inline-block;width:5px;white-space:pre"> </div>escalated<div style="display:inline-block;width:6px;white-space:pre"> </div>for<div style="display:inline-block;width:6px;white-space:pre"> </div>inflation<div style="display:inline-block;width:5px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>then<div style="display:inline-block;width:6px;white-space:pre"> </div>discounted<div style="display:inline-block;width:6px;white-space:pre"> </div>at<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>credit-adjusted,<div style="display:inline-block;width:6px;white-space:pre"> </div>risk-free<div style="display:inline-block;width:6px;white-space:pre"> </div>rate.<div style="display:inline-block;width:5px;white-space:pre"> </div>The </div><div id="a37707" style="position:absolute;font-family:'Arial';left:5px;top:137px;">Company records<div style="display:inline-block;width:5px;white-space:pre"> </div>an ARO asset<div style="display:inline-block;width:5px;white-space:pre"> </div>associated with<div style="display:inline-block;width:5px;white-space:pre"> </div>the discounted<div style="display:inline-block;width:5px;white-space:pre"> </div>liability for final<div style="display:inline-block;width:5px;white-space:pre"> </div>reclamation and<div style="display:inline-block;width:5px;white-space:pre"> </div>mine closure. </div><div id="a37708" style="position:absolute;font-family:'Arial';left:5px;top:152px;">The obligation<div style="display:inline-block;width:5px;white-space:pre"> </div>and corresponding<div style="display:inline-block;width:5px;white-space:pre"> </div>asset are recognized<div style="display:inline-block;width:6px;white-space:pre"> </div>in the period<div style="display:inline-block;width:6px;white-space:pre"> </div>in which the<div style="display:inline-block;width:6px;white-space:pre"> </div>liability is incurred.<div style="display:inline-block;width:6px;white-space:pre"> </div>The ARO </div><div id="a37710" style="position:absolute;font-family:'Arial';left:5px;top:167px;">asset is<div style="display:inline-block;width:6px;white-space:pre"> </div>amortized<div style="display:inline-block;width:5px;white-space:pre"> </div>on the<div style="display:inline-block;width:6px;white-space:pre"> </div>units-of-production<div style="display:inline-block;width:5px;white-space:pre"> </div>method over<div style="display:inline-block;width:6px;white-space:pre"> </div>the expected<div style="display:inline-block;width:6px;white-space:pre"> </div>life of<div style="display:inline-block;width:6px;white-space:pre"> </div>the related<div style="display:inline-block;width:6px;white-space:pre"> </div>asset and<div style="display:inline-block;width:6px;white-space:pre"> </div>the ARO </div><div id="a37718" style="position:absolute;font-family:'Arial';left:5px;top:183px;">liability is accreted to the projected<div style="display:inline-block;width:5px;white-space:pre"> </div>spending date. As changes<div style="display:inline-block;width:5px;white-space:pre"> </div>in estimates occur (such as<div style="display:inline-block;width:5px;white-space:pre"> </div>mine plan revisions, </div><div id="a37719" style="position:absolute;font-family:'Arial';left:5px;top:198px;">changes in<div style="display:inline-block;width:6px;white-space:pre"> </div>estimated costs<div style="display:inline-block;width:6px;white-space:pre"> </div>or changes<div style="display:inline-block;width:6px;white-space:pre"> </div>in timing<div style="display:inline-block;width:6px;white-space:pre"> </div>of the<div style="display:inline-block;width:6px;white-space:pre"> </div>performance of<div style="display:inline-block;width:6px;white-space:pre"> </div>reclamation activities),<div style="display:inline-block;width:6px;white-space:pre"> </div>the revisions<div style="display:inline-block;width:6px;white-space:pre"> </div>to </div><div id="a37722" style="position:absolute;font-family:'Arial';left:5px;top:213px;">the<div style="display:inline-block;width:5px;white-space:pre"> </div>obligation<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>asset<div style="display:inline-block;width:6px;white-space:pre"> </div>are<div style="display:inline-block;width:5px;white-space:pre"> </div>recognized<div style="display:inline-block;width:6px;white-space:pre"> </div>at<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>appropriate<div style="display:inline-block;width:6px;white-space:pre"> </div>credit-adjusted,<div style="display:inline-block;width:6px;white-space:pre"> </div>risk-free<div style="display:inline-block;width:6px;white-space:pre"> </div>rate.<div style="display:inline-block;width:5px;white-space:pre"> </div>The<div style="display:inline-block;width:6px;white-space:pre"> </div>Company<div style="display:inline-block;width:6px;white-space:pre"> </div>also </div><div id="a37727" style="position:absolute;font-family:'Arial';left:5px;top:229px;">recognizes<div style="display:inline-block;width:6px;white-space:pre"> </div>an<div style="display:inline-block;width:6px;white-space:pre"> </div>obligation<div style="display:inline-block;width:6px;white-space:pre"> </div>for<div style="display:inline-block;width:6px;white-space:pre"> </div>contemporaneous<div style="display:inline-block;width:6px;white-space:pre"> </div>reclamation<div style="display:inline-block;width:6px;white-space:pre"> </div>liabilities<div style="display:inline-block;width:6px;white-space:pre"> </div>incurred<div style="display:inline-block;width:6px;white-space:pre"> </div>as<div style="display:inline-block;width:6px;white-space:pre"> </div>a<div style="display:inline-block;width:6px;white-space:pre"> </div>result<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>surface<div style="display:inline-block;width:6px;white-space:pre"> </div>mining. </div><div id="a37729" style="position:absolute;font-family:'Arial';left:5px;top:244px;">Contemporaneous reclamation consists primarily<div style="display:inline-block;width:5px;white-space:pre"> </div>of grading, topsoil replacement<div style="display:inline-block;width:5px;white-space:pre"> </div>and re-vegetation of backfilled </div><div id="a37732" style="position:absolute;font-family:'Arial';left:5px;top:259px;">pit areas. To<div style="display:inline-block;width:6px;white-space:pre"> </div>settle the liability,<div style="display:inline-block;width:6px;white-space:pre"> </div>the obligation is paid,<div style="display:inline-block;width:5px;white-space:pre"> </div>and to the extent<div style="display:inline-block;width:5px;white-space:pre"> </div>there is a difference<div style="display:inline-block;width:6px;white-space:pre"> </div>between the liability </div><div id="a37734" style="position:absolute;font-family:'Arial';left:5px;top:275px;">and<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>amount<div style="display:inline-block;width:5px;white-space:pre"> </div>of cash<div style="display:inline-block;width:6px;white-space:pre"> </div>paid,<div style="display:inline-block;width:5px;white-space:pre"> </div>a<div style="display:inline-block;width:5px;white-space:pre"> </div>gain<div style="display:inline-block;width:5px;white-space:pre"> </div>or<div style="display:inline-block;width:5px;white-space:pre"> </div>loss<div style="display:inline-block;width:5px;white-space:pre"> </div>upon<div style="display:inline-block;width:5px;white-space:pre"> </div>settlement<div style="display:inline-block;width:5px;white-space:pre"> </div>is<div style="display:inline-block;width:5px;white-space:pre"> </div>recorded.<div style="display:inline-block;width:5px;white-space:pre"> </div>The<div style="display:inline-block;width:5px;white-space:pre"> </div>Company<div style="display:inline-block;width:5px;white-space:pre"> </div>annually<div style="display:inline-block;width:5px;white-space:pre"> </div>reviews<div style="display:inline-block;width:5px;white-space:pre"> </div>its </div><div id="a37735" style="position:absolute;font-family:'Arial';left:5px;top:290px;">estimated future cash flows for its asset retirement obligations.</div></div></div></div><div id="TextContainer2205" style="position:relative;width:676px;z-index:1;font-size:13.28px;"></div><div id="div_2198_XBRL_TS_8efb0e92e331482ab7734f25d1bf5075" style="position:absolute;left:0px;top:560px;float:left;"><div id="TextBlockContainer2199" style="position:relative;line-height:normal;width:676px;height:76px;"><div id="TextContainer2199" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a37737" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(k)<div style="display:inline-block;width:8px;white-space:pre"> </div>Borrowing Costs</div><div id="a37745" style="position:absolute;font-family:'Arial';left:5px;top:29px;">Borrowing costs are<div style="display:inline-block;width:5px;white-space:pre"> </div>recognized as an<div style="display:inline-block;width:6px;white-space:pre"> </div>expense when they<div style="display:inline-block;width:6px;white-space:pre"> </div>are incurred, except<div style="display:inline-block;width:6px;white-space:pre"> </div>for interest charges<div style="display:inline-block;width:6px;white-space:pre"> </div>attributable </div><div id="a37746" style="position:absolute;font-family:'Arial';left:5px;top:44px;">to major projects with substantial development and construction phases, which are<div style="display:inline-block;width:2px;white-space:pre"> </div>capitalized as part of the cost </div><div id="a37750" style="position:absolute;font-family:'Arial';left:5px;top:59px;">of the asset. There was </div><div id="a37750_24_2" style="position:absolute;font-family:'Arial';left:147px;top:59px;">no</div><div id="a37750_26_78" style="position:absolute;font-family:'Arial';left:162px;top:59px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>interest capitalized during the years ended December<div style="display:inline-block;width:5px;white-space:pre"> </div>31, 2025, 2024 and 2023.</div></div></div></div><div id="TextContainer2206" style="position:relative;width:676px;z-index:1;font-size:13.28px;"></div><div id="div_2201_XBRL_TS_32d0c01a7afc4cc29b5c861107a96902" style="position:absolute;left:0px;top:648px;float:left;"><div id="TextBlockContainer2202" style="position:relative;line-height:normal;width:676px;height:307px;"><div id="TextContainer2202" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a37762" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(l)<div style="display:inline-block;width:11px;white-space:pre"> </div>Leases</div><div id="a37768" style="position:absolute;font-family:'Arial';left:5px;top:29px;">From time to<div style="display:inline-block;width:5px;white-space:pre"> </div>time, the Company<div style="display:inline-block;width:6px;white-space:pre"> </div>enters into contractual<div style="display:inline-block;width:6px;white-space:pre"> </div>agreements to<div style="display:inline-block;width:5px;white-space:pre"> </div>lease property,<div style="display:inline-block;width:6px;white-space:pre"> </div>plant and equipment.<div style="display:inline-block;width:6px;white-space:pre"> </div>In </div><div id="a37770" style="position:absolute;font-family:'Arial';left:5px;top:45px;">addition, the Company also enters into mining services contracts which may include embedded leases of mining </div><div id="a37772" style="position:absolute;font-family:'Arial';left:5px;top:61px;">equipment. Based<div style="display:inline-block;width:6px;white-space:pre"> </div>upon the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company’s assessment<div style="display:inline-block;width:6px;white-space:pre"> </div>of the<div style="display:inline-block;width:5px;white-space:pre"> </div>terms of<div style="display:inline-block;width:5px;white-space:pre"> </div>a specific<div style="display:inline-block;width:5px;white-space:pre"> </div>lease agreement,<div style="display:inline-block;width:6px;white-space:pre"> </div>the Company </div><div id="a37783" style="position:absolute;font-family:'Arial';left:5px;top:78px;">classifies a lease as either finance or operating. </div><div id="a37799" style="position:absolute;font-family:'Arial';font-style:italic;left:5px;top:107px;">Finance Leases </div><div id="a37803" style="position:absolute;font-family:'Arial';left:5px;top:139px;">Right of Use, or ROU, assets<div style="display:inline-block;width:5px;white-space:pre"> </div>related to finance leases are presented<div style="display:inline-block;width:5px;white-space:pre"> </div>in “Property,<div style="display:inline-block;width:5px;white-space:pre"> </div>plant and equipment, net” on </div><div id="a37845" style="position:absolute;font-family:'Arial';left:5px;top:154px;">the Consolidated Balance<div style="display:inline-block;width:6px;white-space:pre"> </div>Sheets. Lease<div style="display:inline-block;width:5px;white-space:pre"> </div>liabilities related<div style="display:inline-block;width:5px;white-space:pre"> </div>to finance leases<div style="display:inline-block;width:6px;white-space:pre"> </div>are presented in<div style="display:inline-block;width:6px;white-space:pre"> </div>“Lease Liabilities” </div><div id="a37877" style="position:absolute;font-family:'Arial';left:5px;top:169px;">(current) and “Lease Liabilities” (non-current) on the Consolidated<div style="display:inline-block;width:5px;white-space:pre"> </div>Balance Sheets. </div><div id="a37899" style="position:absolute;font-family:'Arial';left:5px;top:198px;">Finance lease ROU assets and lease liabilities are recognized at the commencement date based on the present </div><div id="a37933" style="position:absolute;font-family:'Arial';left:5px;top:213px;">value of the<div style="display:inline-block;width:5px;white-space:pre"> </div>future lease payments<div style="display:inline-block;width:6px;white-space:pre"> </div>over the lease<div style="display:inline-block;width:6px;white-space:pre"> </div>term. The<div style="display:inline-block;width:5px;white-space:pre"> </div>discount rate used<div style="display:inline-block;width:6px;white-space:pre"> </div>to determine<div style="display:inline-block;width:5px;white-space:pre"> </div>the present<div style="display:inline-block;width:5px;white-space:pre"> </div>value </div><div id="a37971" style="position:absolute;font-family:'Arial';left:5px;top:229px;">of the lease payments<div style="display:inline-block;width:2px;white-space:pre"> </div>is the rate implicit<div style="display:inline-block;width:2px;white-space:pre"> </div>in the lease unless that<div style="display:inline-block;width:2px;white-space:pre"> </div>rate cannot be readily determined,<div style="display:inline-block;width:2px;white-space:pre"> </div>in which case </div><div id="a38014" style="position:absolute;font-family:'Arial';left:5px;top:244px;">the Company<div style="display:inline-block;width:2px;white-space:pre"> </div>utilizes its<div style="display:inline-block;width:2px;white-space:pre"> </div>incremental borrowing rate<div style="display:inline-block;width:2px;white-space:pre"> </div>in determining<div style="display:inline-block;width:2px;white-space:pre"> </div>the present<div style="display:inline-block;width:2px;white-space:pre"> </div>value of<div style="display:inline-block;width:2px;white-space:pre"> </div>the future<div style="display:inline-block;width:2px;white-space:pre"> </div>lease payments. </div><div id="a38048" style="position:absolute;font-family:'Arial';left:5px;top:259px;">The<div style="display:inline-block;width:6px;white-space:pre"> </div>incremental<div style="display:inline-block;width:6px;white-space:pre"> </div>borrowing<div style="display:inline-block;width:6px;white-space:pre"> </div>rate<div style="display:inline-block;width:6px;white-space:pre"> </div>is<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>rate<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>interest<div style="display:inline-block;width:6px;white-space:pre"> </div>that<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company<div style="display:inline-block;width:6px;white-space:pre"> </div>would<div style="display:inline-block;width:6px;white-space:pre"> </div>have<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>pay<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>borrow,<div style="display:inline-block;width:6px;white-space:pre"> </div>on<div style="display:inline-block;width:6px;white-space:pre"> </div>a </div><div id="a38090" style="position:absolute;font-family:'Arial';left:5px;top:275px;">collateralized<div style="display:inline-block;width:8px;white-space:pre"> </div>basis<div style="display:inline-block;width:8px;white-space:pre"> </div>over<div style="display:inline-block;width:8px;white-space:pre"> </div>a<div style="display:inline-block;width:7px;white-space:pre"> </div>similar<div style="display:inline-block;width:8px;white-space:pre"> </div>term,<div style="display:inline-block;width:8px;white-space:pre"> </div>an<div style="display:inline-block;width:8px;white-space:pre"> </div>amount<div style="display:inline-block;width:8px;white-space:pre"> </div>equal<div style="display:inline-block;width:8px;white-space:pre"> </div>to<div style="display:inline-block;width:8px;white-space:pre"> </div>the<div style="display:inline-block;width:8px;white-space:pre"> </div>lease<div style="display:inline-block;width:8px;white-space:pre"> </div>payments<div style="display:inline-block;width:8px;white-space:pre"> </div>in<div style="display:inline-block;width:8px;white-space:pre"> </div>a<div style="display:inline-block;width:8px;white-space:pre"> </div>similar<div style="display:inline-block;width:8px;white-space:pre"> </div>economic </div><div id="a38125" style="position:absolute;font-family:'Arial';left:5px;top:290px;">environment. </div></div></div></div></div><div id="TextBlockContainer2222" style="position:relative;line-height:normal;width:676px;height:963px;"><div id="div_2210_XBRL_TS_32d0c01a7afc4cc29b5c861107a96902_1" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2211" style="position:relative;line-height:normal;width:676px;height:322px;"><div id="TextContainer2211" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a38141" style="position:absolute;font-family:'Arial';font-style:italic;left:5px;top:0px;">Operating Leases </div><div id="a38145" style="position:absolute;font-family:'Arial';left:5px;top:31px;">ROU assets<div style="display:inline-block;width:6px;white-space:pre"> </div>related to<div style="display:inline-block;width:5px;white-space:pre"> </div>operating leases<div style="display:inline-block;width:6px;white-space:pre"> </div>are presented<div style="display:inline-block;width:6px;white-space:pre"> </div>as “Right<div style="display:inline-block;width:5px;white-space:pre"> </div>of Use<div style="display:inline-block;width:5px;white-space:pre"> </div>assets –<div style="display:inline-block;width:5px;white-space:pre"> </div>operating leases,<div style="display:inline-block;width:6px;white-space:pre"> </div>net” on<div style="display:inline-block;width:6px;white-space:pre"> </div>the </div><div id="a38185" style="position:absolute;font-family:'Arial';left:5px;top:47px;">Consolidated<div style="display:inline-block;width:6px;white-space:pre"> </div>Balance<div style="display:inline-block;width:6px;white-space:pre"> </div>Sheets.<div style="display:inline-block;width:5px;white-space:pre"> </div>Lease<div style="display:inline-block;width:5px;white-space:pre"> </div>liabilities<div style="display:inline-block;width:5px;white-space:pre"> </div>related<div style="display:inline-block;width:5px;white-space:pre"> </div>to<div style="display:inline-block;width:5px;white-space:pre"> </div>operating<div style="display:inline-block;width:6px;white-space:pre"> </div>leases<div style="display:inline-block;width:5px;white-space:pre"> </div>that<div style="display:inline-block;width:6px;white-space:pre"> </div>are<div style="display:inline-block;width:5px;white-space:pre"> </div>subject<div style="display:inline-block;width:5px;white-space:pre"> </div>to<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>Accounting </div><div id="a38217" style="position:absolute;font-family:'Arial';left:5px;top:62px;">Standards<div style="display:inline-block;width:6px;white-space:pre"> </div>Codification,<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:5px;white-space:pre"> </div>ASC,<div style="display:inline-block;width:5px;white-space:pre"> </div>842<div style="display:inline-block;width:6px;white-space:pre"> </div>measurement<div style="display:inline-block;width:6px;white-space:pre"> </div>requirements,<div style="display:inline-block;width:6px;white-space:pre"> </div>such<div style="display:inline-block;width:6px;white-space:pre"> </div>as<div style="display:inline-block;width:5px;white-space:pre"> </div>operating<div style="display:inline-block;width:5px;white-space:pre"> </div>leases<div style="display:inline-block;width:6px;white-space:pre"> </div>with<div style="display:inline-block;width:6px;white-space:pre"> </div>lease<div style="display:inline-block;width:5px;white-space:pre"> </div>terms </div><div id="a38247" style="position:absolute;font-family:'Arial';left:5px;top:77px;">greater than twelve months, are presented in “Lease Liabilities” (current) and “Lease Liabilities” (non<div style="display:inline-block;width:1px;white-space:pre"> </div>-current) on </div><div id="a38280" style="position:absolute;font-family:'Arial';left:5px;top:93px;">the Consolidated Balance Sheets.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a38289" style="position:absolute;font-family:'Arial';left:5px;top:121px;">Operating lease<div style="display:inline-block;width:2px;white-space:pre"> </div>ROU assets and<div style="display:inline-block;width:2px;white-space:pre"> </div>lease liabilities<div style="display:inline-block;width:2px;white-space:pre"> </div>are recognized at<div style="display:inline-block;width:2px;white-space:pre"> </div>the commencement date<div style="display:inline-block;width:2px;white-space:pre"> </div>based on<div style="display:inline-block;width:2px;white-space:pre"> </div>the present </div><div id="a38323" style="position:absolute;font-family:'Arial';left:5px;top:137px;">value of the<div style="display:inline-block;width:5px;white-space:pre"> </div>future lease payments<div style="display:inline-block;width:6px;white-space:pre"> </div>over the lease<div style="display:inline-block;width:6px;white-space:pre"> </div>term. The<div style="display:inline-block;width:5px;white-space:pre"> </div>discount rate used<div style="display:inline-block;width:6px;white-space:pre"> </div>to determine<div style="display:inline-block;width:5px;white-space:pre"> </div>the present<div style="display:inline-block;width:5px;white-space:pre"> </div>value </div><div id="a38361" style="position:absolute;font-family:'Arial';left:5px;top:152px;">of the<div style="display:inline-block;width:6px;white-space:pre"> </div>lease<div style="display:inline-block;width:5px;white-space:pre"> </div>payments<div style="display:inline-block;width:5px;white-space:pre"> </div>is the<div style="display:inline-block;width:6px;white-space:pre"> </div>rate<div style="display:inline-block;width:5px;white-space:pre"> </div>implicit in<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>lease unless<div style="display:inline-block;width:6px;white-space:pre"> </div>that<div style="display:inline-block;width:5px;white-space:pre"> </div>rate cannot<div style="display:inline-block;width:6px;white-space:pre"> </div>be readily<div style="display:inline-block;width:6px;white-space:pre"> </div>determined,<div style="display:inline-block;width:5px;white-space:pre"> </div>in which </div><div id="a38402" style="position:absolute;font-family:'Arial';left:5px;top:167px;">case, the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company utilizes<div style="display:inline-block;width:6px;white-space:pre"> </div>its incremental<div style="display:inline-block;width:6px;white-space:pre"> </div>borrowing<div style="display:inline-block;width:5px;white-space:pre"> </div>rate in<div style="display:inline-block;width:6px;white-space:pre"> </div>determining the<div style="display:inline-block;width:6px;white-space:pre"> </div>present value<div style="display:inline-block;width:6px;white-space:pre"> </div>of the<div style="display:inline-block;width:6px;white-space:pre"> </div>future lease </div><div id="a38436" style="position:absolute;font-family:'Arial';left:5px;top:183px;">payments. The incremental borrowing rate is the rate<div style="display:inline-block;width:5px;white-space:pre"> </div>of interest that the Company would have to pay<div style="display:inline-block;width:5px;white-space:pre"> </div>to borrow, </div><div id="a38475" style="position:absolute;font-family:'Arial';left:5px;top:198px;">on<div style="display:inline-block;width:6px;white-space:pre"> </div>a<div style="display:inline-block;width:5px;white-space:pre"> </div>collateralized<div style="display:inline-block;width:6px;white-space:pre"> </div>basis<div style="display:inline-block;width:6px;white-space:pre"> </div>over<div style="display:inline-block;width:6px;white-space:pre"> </div>a<div style="display:inline-block;width:5px;white-space:pre"> </div>similar<div style="display:inline-block;width:6px;white-space:pre"> </div>term,<div style="display:inline-block;width:6px;white-space:pre"> </div>an<div style="display:inline-block;width:6px;white-space:pre"> </div>amount<div style="display:inline-block;width:6px;white-space:pre"> </div>equal<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>lease<div style="display:inline-block;width:6px;white-space:pre"> </div>payments<div style="display:inline-block;width:6px;white-space:pre"> </div>in<div style="display:inline-block;width:6px;white-space:pre"> </div>a<div style="display:inline-block;width:6px;white-space:pre"> </div>similar<div style="display:inline-block;width:6px;white-space:pre"> </div>economic </div><div id="a38514" style="position:absolute;font-family:'Arial';left:5px;top:213px;">environment. Operating<div style="display:inline-block;width:6px;white-space:pre"> </div>lease ROU<div style="display:inline-block;width:5px;white-space:pre"> </div>assets may<div style="display:inline-block;width:6px;white-space:pre"> </div>also include<div style="display:inline-block;width:6px;white-space:pre"> </div>any cumulative<div style="display:inline-block;width:6px;white-space:pre"> </div>prepaid or<div style="display:inline-block;width:6px;white-space:pre"> </div>accrued rent<div style="display:inline-block;width:6px;white-space:pre"> </div>when the </div><div id="a38546" style="position:absolute;font-family:'Arial';left:5px;top:229px;">lease payments<div style="display:inline-block;width:6px;white-space:pre"> </div>are uneven<div style="display:inline-block;width:6px;white-space:pre"> </div>throughout the<div style="display:inline-block;width:6px;white-space:pre"> </div>lease term.<div style="display:inline-block;width:6px;white-space:pre"> </div>The ROU<div style="display:inline-block;width:6px;white-space:pre"> </div>assets and<div style="display:inline-block;width:6px;white-space:pre"> </div>lease liabilities<div style="display:inline-block;width:6px;white-space:pre"> </div>may also<div style="display:inline-block;width:6px;white-space:pre"> </div>include </div><div id="a38580" style="position:absolute;font-family:'Arial';left:5px;top:244px;">options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. </div><div id="a38618" style="position:absolute;font-family:'Arial';left:5px;top:259px;">The ROU<div style="display:inline-block;width:5px;white-space:pre"> </div>asset includes<div style="display:inline-block;width:5px;white-space:pre"> </div>any lease<div style="display:inline-block;width:5px;white-space:pre"> </div>payments made<div style="display:inline-block;width:5px;white-space:pre"> </div>and lease<div style="display:inline-block;width:5px;white-space:pre"> </div>incentives received<div style="display:inline-block;width:5px;white-space:pre"> </div>prior to<div style="display:inline-block;width:5px;white-space:pre"> </div>the commencement </div><div id="a38651" style="position:absolute;font-family:'Arial';left:5px;top:275px;">date.<div style="display:inline-block;width:5px;white-space:pre"> </div>The<div style="display:inline-block;width:5px;white-space:pre"> </div>Company<div style="display:inline-block;width:5px;white-space:pre"> </div>has<div style="display:inline-block;width:5px;white-space:pre"> </div>lease<div style="display:inline-block;width:5px;white-space:pre"> </div>arrangements<div style="display:inline-block;width:6px;white-space:pre"> </div>with<div style="display:inline-block;width:5px;white-space:pre"> </div>lease<div style="display:inline-block;width:5px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>non-lease<div style="display:inline-block;width:6px;white-space:pre"> </div>components<div style="display:inline-block;width:5px;white-space:pre"> </div>which<div style="display:inline-block;width:5px;white-space:pre"> </div>are<div style="display:inline-block;width:5px;white-space:pre"> </div>accounted<div style="display:inline-block;width:6px;white-space:pre"> </div>for </div><div id="a38683" style="position:absolute;font-family:'Arial';left:5px;top:290px;">separately.<div style="display:inline-block;width:6px;white-space:pre"> </div>Non-lease<div style="display:inline-block;width:6px;white-space:pre"> </div>components<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>lease<div style="display:inline-block;width:5px;white-space:pre"> </div>payments<div style="display:inline-block;width:6px;white-space:pre"> </div>are<div style="display:inline-block;width:5px;white-space:pre"> </div>expensed<div style="display:inline-block;width:6px;white-space:pre"> </div>as<div style="display:inline-block;width:5px;white-space:pre"> </div>incurred<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>are<div style="display:inline-block;width:5px;white-space:pre"> </div>not<div style="display:inline-block;width:6px;white-space:pre"> </div>included<div style="display:inline-block;width:6px;white-space:pre"> </div>in </div><div id="a38717" style="position:absolute;font-family:'Arial';left:5px;top:305px;">determining the present value.</div></div></div></div><div id="TextContainer2222" style="position:relative;width:676px;z-index:1;font-size:13.28px;"></div><div id="div_2213_XBRL_TS_c998e5ad177f446a8a0c07b4a43fd48d" style="position:absolute;left:0px;top:334px;float:left;"><div id="TextBlockContainer2214" style="position:relative;line-height:normal;width:676px;height:137px;"><div id="TextContainer2214" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a38725" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(m) Royalties</div><div id="a38731" style="position:absolute;font-family:'Arial';left:5px;top:29px;">Lease rights<div style="display:inline-block;width:5px;white-space:pre"> </div>to coal<div style="display:inline-block;width:5px;white-space:pre"> </div>lands are<div style="display:inline-block;width:5px;white-space:pre"> </div>often acquired<div style="display:inline-block;width:5px;white-space:pre"> </div>in exchange<div style="display:inline-block;width:5px;white-space:pre"> </div>for royalty<div style="display:inline-block;width:5px;white-space:pre"> </div>payments. For<div style="display:inline-block;width:5px;white-space:pre"> </div>our Australian<div style="display:inline-block;width:5px;white-space:pre"> </div>Operations, </div><div id="a38733" style="position:absolute;font-family:'Arial';left:5px;top:44px;">royalties<div style="display:inline-block;width:5px;white-space:pre"> </div>are<div style="display:inline-block;width:5px;white-space:pre"> </div>payable<div style="display:inline-block;width:5px;white-space:pre"> </div>monthly<div style="display:inline-block;width:5px;white-space:pre"> </div>as<div style="display:inline-block;width:5px;white-space:pre"> </div>a<div style="display:inline-block;width:5px;white-space:pre"> </div>percentage<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>gross<div style="display:inline-block;width:5px;white-space:pre"> </div>realization<div style="display:inline-block;width:5px;white-space:pre"> </div>from<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>sale<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>coal<div style="display:inline-block;width:5px;white-space:pre"> </div>mined<div style="display:inline-block;width:5px;white-space:pre"> </div>using </div><div id="a38735" style="position:absolute;font-family:'Arial';left:5px;top:59px;">surface mining methods<div style="display:inline-block;width:5px;white-space:pre"> </div>and underground methods.<div style="display:inline-block;width:5px;white-space:pre"> </div>At our U.S. Operations,<div style="display:inline-block;width:5px;white-space:pre"> </div>royalties are payable<div style="display:inline-block;width:5px;white-space:pre"> </div>monthly as a </div><div id="a38737" style="position:absolute;font-family:'Arial';left:5px;top:75px;">percentage<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>gross<div style="display:inline-block;width:6px;white-space:pre"> </div>realization<div style="display:inline-block;width:6px;white-space:pre"> </div>for<div style="display:inline-block;width:6px;white-space:pre"> </div>coal<div style="display:inline-block;width:6px;white-space:pre"> </div>produced<div style="display:inline-block;width:6px;white-space:pre"> </div>using<div style="display:inline-block;width:6px;white-space:pre"> </div>underground<div style="display:inline-block;width:6px;white-space:pre"> </div>mining<div style="display:inline-block;width:6px;white-space:pre"> </div>methods.<div style="display:inline-block;width:6px;white-space:pre"> </div>Advance<div style="display:inline-block;width:6px;white-space:pre"> </div>mining </div><div id="a38740" style="position:absolute;font-family:'Arial';left:5px;top:90px;">royalties are advance<div style="display:inline-block;width:5px;white-space:pre"> </div>payments made to<div style="display:inline-block;width:5px;white-space:pre"> </div>lessors under terms<div style="display:inline-block;width:5px;white-space:pre"> </div>of mineral lease<div style="display:inline-block;width:5px;white-space:pre"> </div>agreements that are<div style="display:inline-block;width:5px;white-space:pre"> </div>recoupable </div><div id="a38741" style="position:absolute;font-family:'Arial';left:5px;top:105px;">against<div style="display:inline-block;width:9px;white-space:pre"> </div>future<div style="display:inline-block;width:9px;white-space:pre"> </div>production.<div style="display:inline-block;width:9px;white-space:pre"> </div>The<div style="display:inline-block;width:9px;white-space:pre"> </div>Company<div style="display:inline-block;width:9px;white-space:pre"> </div>had<div style="display:inline-block;width:9px;white-space:pre"> </div>advance<div style="display:inline-block;width:9px;white-space:pre"> </div>mining<div style="display:inline-block;width:9px;white-space:pre"> </div>royalties<div style="display:inline-block;width:9px;white-space:pre"> </div>of<div style="display:inline-block;width:9px;white-space:pre"> </div>$</div><div id="a38741_72_3" style="position:absolute;font-family:'Arial';left:495px;top:105px;">5.7</div><div id="a38741_75_14" style="position:absolute;font-family:'Arial';left:514px;top:105px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million<div style="display:inline-block;width:9px;white-space:pre"> </div>and<div style="display:inline-block;width:9px;white-space:pre"> </div>$</div><div id="a38741_89_3" style="position:absolute;font-family:'Arial';left:603px;top:105px;">9.8</div><div id="a38741_92_9" style="position:absolute;font-family:'Arial';left:621px;top:105px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million </div><div id="a38752" style="position:absolute;font-family:'Arial';left:5px;top:121px;">respectively, included<div style="display:inline-block;width:5px;white-space:pre"> </div>in “Other current assets” as of December 31, 2025<div style="display:inline-block;width:5px;white-space:pre"> </div>and 2024.</div></div></div></div><div id="TextContainer2223" style="position:relative;width:676px;z-index:1;font-size:13.28px;"></div><div id="div_2216_XBRL_TS_14724043547a4ae6a9e34a71d0be5fa7" style="position:absolute;left:0px;top:486px;float:left;"><div id="TextBlockContainer2217" style="position:relative;line-height:normal;width:676px;height:166px;"><div id="TextContainer2217" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a38765" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(n)<div style="display:inline-block;width:7px;white-space:pre"> </div>Stanwell Rebate</div><div id="a38771" style="position:absolute;font-family:'Arial';left:5px;top:29px;">The Stanwell rebate relates to<div style="display:inline-block;width:2px;white-space:pre"> </div>a contractual arrangement entered into<div style="display:inline-block;width:2px;white-space:pre"> </div>by the Company and<div style="display:inline-block;width:2px;white-space:pre"> </div>Stanwell Corporation </div><div id="a38776" style="position:absolute;font-family:'Arial';left:5px;top:44px;">Limited, a State<div style="display:inline-block;width:5px;white-space:pre"> </div>of Queensland-owned<div style="display:inline-block;width:5px;white-space:pre"> </div>electricity generator,<div style="display:inline-block;width:6px;white-space:pre"> </div>which required payment<div style="display:inline-block;width:5px;white-space:pre"> </div>of a rebate<div style="display:inline-block;width:5px;white-space:pre"> </div>for export coal </div><div id="a38782" style="position:absolute;font-family:'Arial';left:5px;top:59px;">sold from some of Curragh’s<div style="display:inline-block;width:5px;white-space:pre"> </div>mining tenements. The rebate obligation is<div style="display:inline-block;width:5px;white-space:pre"> </div>accounted for as an executory<div style="display:inline-block;width:5px;white-space:pre"> </div>contract </div><div id="a38783" style="position:absolute;font-family:'Arial';left:5px;top:75px;">and the expense is recognized as incurred. </div><div id="a38786" style="position:absolute;font-family:'Arial';left:5px;top:103px;">On November 27, 2025, the Company entered into a Second Amendment Deed with Stanwell that, among other </div><div id="a38789" style="position:absolute;font-family:'Arial';left:5px;top:119px;">matters, waived the<div style="display:inline-block;width:5px;white-space:pre"> </div>rebate amounts that<div style="display:inline-block;width:6px;white-space:pre"> </div>would have otherwise<div style="display:inline-block;width:6px;white-space:pre"> </div>been payable by<div style="display:inline-block;width:5px;white-space:pre"> </div>the Company from<div style="display:inline-block;width:5px;white-space:pre"> </div>January 1, </div><div id="a38795" style="position:absolute;font-family:'Arial';left:5px;top:134px;">2026 until the final delivery<div style="display:inline-block;width:6px;white-space:pre"> </div>date pursuant to the<div style="display:inline-block;width:5px;white-space:pre"> </div>ACSA, which date is<div style="display:inline-block;width:5px;white-space:pre"> </div>expected to occur<div style="display:inline-block;width:5px;white-space:pre"> </div>in the first half of<div style="display:inline-block;width:5px;white-space:pre"> </div>2027. </div><div id="a38796" style="position:absolute;font-family:'Arial';left:5px;top:149px;">Refer to Note 14. “Contract Obligations” for further<div style="display:inline-block;width:5px;white-space:pre"> </div>information.</div></div></div></div><div id="TextContainer2224" style="position:relative;width:676px;z-index:1;font-size:13.28px;"></div><div id="div_2219_XBRL_TS_6ef81b9e331c4b92884ad868fb9e727c" style="position:absolute;left:0px;top:664px;float:left;"><div id="TextBlockContainer2220" style="position:relative;line-height:normal;width:676px;height:299px;"><div id="TextContainer2220" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a38803" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(o)<div style="display:inline-block;width:7px;white-space:pre"> </div>Revenue Recognition</div><div id="a38809" style="position:absolute;font-family:'Arial';left:5px;top:29px;">The Company accounts for<div style="display:inline-block;width:5px;white-space:pre"> </div>a contract when it<div style="display:inline-block;width:5px;white-space:pre"> </div>has approval and commitment<div style="display:inline-block;width:5px;white-space:pre"> </div>from both parties, the<div style="display:inline-block;width:5px;white-space:pre"> </div>rights of the </div><div id="a38810" style="position:absolute;font-family:'Arial';left:5px;top:44px;">parties are identified,<div style="display:inline-block;width:6px;white-space:pre"> </div>payment terms<div style="display:inline-block;width:5px;white-space:pre"> </div>are identified,<div style="display:inline-block;width:5px;white-space:pre"> </div>the contract has<div style="display:inline-block;width:6px;white-space:pre"> </div>commercial substance<div style="display:inline-block;width:5px;white-space:pre"> </div>and collectability<div style="display:inline-block;width:5px;white-space:pre"> </div>of </div><div id="a38811" style="position:absolute;font-family:'Arial';left:5px;top:59px;">consideration is probable. Once a contract<div style="display:inline-block;width:5px;white-space:pre"> </div>is identified, the Company evaluates<div style="display:inline-block;width:5px;white-space:pre"> </div>whether the combined or single </div><div id="a38814" style="position:absolute;font-family:'Arial';left:5px;top:75px;">contract should be accounted for as more than one performance<div style="display:inline-block;width:5px;white-space:pre"> </div>obligation. </div><div id="a38816" style="position:absolute;font-family:'Arial';left:5px;top:102px;">The Company recognizes revenue when<div style="display:inline-block;width:5px;white-space:pre"> </div>control is transferred to the customer.<div style="display:inline-block;width:6px;white-space:pre"> </div>For the Company’s contracts,<div style="display:inline-block;width:5px;white-space:pre"> </div>in </div><div id="a38817" style="position:absolute;font-family:'Arial';left:5px;top:117px;">order to determine<div style="display:inline-block;width:6px;white-space:pre"> </div>the point<div style="display:inline-block;width:5px;white-space:pre"> </div>in time when<div style="display:inline-block;width:5px;white-space:pre"> </div>control transfers<div style="display:inline-block;width:5px;white-space:pre"> </div>to customers, the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company uses<div style="display:inline-block;width:5px;white-space:pre"> </div>standard shipping </div><div id="a38818" style="position:absolute;font-family:'Arial';left:5px;top:133px;">terms to<div style="display:inline-block;width:6px;white-space:pre"> </div>determine<div style="display:inline-block;width:5px;white-space:pre"> </div>the timing<div style="display:inline-block;width:6px;white-space:pre"> </div>of transfer<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>legal title<div style="display:inline-block;width:6px;white-space:pre"> </div>and the<div style="display:inline-block;width:6px;white-space:pre"> </div>significant<div style="display:inline-block;width:5px;white-space:pre"> </div>risks<div style="display:inline-block;width:5px;white-space:pre"> </div>and rewards<div style="display:inline-block;width:6px;white-space:pre"> </div>of ownership.<div style="display:inline-block;width:6px;white-space:pre"> </div>The </div><div id="a38820" style="position:absolute;font-family:'Arial';left:5px;top:148px;">Company also considers other<div style="display:inline-block;width:5px;white-space:pre"> </div>indicators including timing<div style="display:inline-block;width:5px;white-space:pre"> </div>of when the Company<div style="display:inline-block;width:5px;white-space:pre"> </div>has a present right<div style="display:inline-block;width:5px;white-space:pre"> </div>to payment </div><div id="a38821" style="position:absolute;font-family:'Arial';left:5px;top:163px;">and<div style="display:inline-block;width:6px;white-space:pre"> </div>when<div style="display:inline-block;width:6px;white-space:pre"> </div>physical<div style="display:inline-block;width:6px;white-space:pre"> </div>possession<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>products<div style="display:inline-block;width:6px;white-space:pre"> </div>is<div style="display:inline-block;width:6px;white-space:pre"> </div>transferred<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>customers.<div style="display:inline-block;width:6px;white-space:pre"> </div>The<div style="display:inline-block;width:6px;white-space:pre"> </div>amount<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>revenue<div style="display:inline-block;width:6px;white-space:pre"> </div>recognized </div><div id="a38823" style="position:absolute;font-family:'Arial';left:5px;top:179px;">includes any<div style="display:inline-block;width:5px;white-space:pre"> </div>adjustments for<div style="display:inline-block;width:6px;white-space:pre"> </div>variable consideration,<div style="display:inline-block;width:6px;white-space:pre"> </div>which is<div style="display:inline-block;width:5px;white-space:pre"> </div>included in<div style="display:inline-block;width:5px;white-space:pre"> </div>the transaction<div style="display:inline-block;width:6px;white-space:pre"> </div>price and<div style="display:inline-block;width:5px;white-space:pre"> </div>allocated to </div><div id="a38824" style="position:absolute;font-family:'Arial';left:5px;top:194px;">each<div style="display:inline-block;width:7px;white-space:pre"> </div>performance<div style="display:inline-block;width:7px;white-space:pre"> </div>obligation<div style="display:inline-block;width:7px;white-space:pre"> </div>based<div style="display:inline-block;width:7px;white-space:pre"> </div>on<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>relative<div style="display:inline-block;width:7px;white-space:pre"> </div>standalone<div style="display:inline-block;width:7px;white-space:pre"> </div>selling<div style="display:inline-block;width:7px;white-space:pre"> </div>price.<div style="display:inline-block;width:7px;white-space:pre"> </div>The<div style="display:inline-block;width:7px;white-space:pre"> </div>variable<div style="display:inline-block;width:7px;white-space:pre"> </div>consideration<div style="display:inline-block;width:7px;white-space:pre"> </div>is </div><div id="a38825" style="position:absolute;font-family:'Arial';left:5px;top:209px;">estimated through the course of the contract using management’s<div style="display:inline-block;width:5px;white-space:pre"> </div>best estimates. </div><div id="a38828" style="position:absolute;font-family:'Arial';left:5px;top:237px;">The majority of<div style="display:inline-block;width:2px;white-space:pre"> </div>the Company’s revenue is<div style="display:inline-block;width:2px;white-space:pre"> </div>derived from short-term contracts<div style="display:inline-block;width:2px;white-space:pre"> </div>where the time<div style="display:inline-block;width:2px;white-space:pre"> </div>between confirmation </div><div id="a38832" style="position:absolute;font-family:'Arial';left:5px;top:252px;">of sales orders and collection<div style="display:inline-block;width:6px;white-space:pre"> </div>of cash is not more<div style="display:inline-block;width:5px;white-space:pre"> </div>than a few months.<div style="display:inline-block;width:5px;white-space:pre"> </div>During 2025, the Company<div style="display:inline-block;width:5px;white-space:pre"> </div>secured long-</div><div id="a38836" style="position:absolute;font-family:'Arial';left:5px;top:267px;">term<div style="display:inline-block;width:7px;white-space:pre"> </div>contracts<div style="display:inline-block;width:7px;white-space:pre"> </div>with<div style="display:inline-block;width:7px;white-space:pre"> </div>varying<div style="display:inline-block;width:7px;white-space:pre"> </div>pricing<div style="display:inline-block;width:7px;white-space:pre"> </div>arrangements<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>including<div style="display:inline-block;width:7px;white-space:pre"> </div>prepayments.<div style="display:inline-block;width:7px;white-space:pre"> </div>Refer<div style="display:inline-block;width:7px;white-space:pre"> </div>to<div style="display:inline-block;width:7px;white-space:pre"> </div>Note<div style="display:inline-block;width:7px;white-space:pre"> </div>14.<div style="display:inline-block;width:7px;white-space:pre"> </div>“Contract </div><div id="a38841" style="position:absolute;font-family:'Arial';left:5px;top:283px;">Obligations” for further information.<div style="display:inline-block;width:4px;white-space:pre"> </div></div></div></div></div></div><div id="TextBlockContainer2234" style="position:relative;line-height:normal;width:676px;height:906px;"><div id="div_2228_XBRL_TS_6ef81b9e331c4b92884ad868fb9e727c_1" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2229" style="position:relative;line-height:normal;width:676px;height:659px;"><div id="TextContainer2229" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a38858" style="position:absolute;font-family:'Arial';left:5px;top:0px;">Taxes<div style="display:inline-block;width:9px;white-space:pre"> </div>assessed<div style="display:inline-block;width:8px;white-space:pre"> </div>by<div style="display:inline-block;width:8px;white-space:pre"> </div>a<div style="display:inline-block;width:8px;white-space:pre"> </div>governmental<div style="display:inline-block;width:8px;white-space:pre"> </div>authority<div style="display:inline-block;width:8px;white-space:pre"> </div>that<div style="display:inline-block;width:8px;white-space:pre"> </div>are<div style="display:inline-block;width:8px;white-space:pre"> </div>both<div style="display:inline-block;width:8px;white-space:pre"> </div>imposed<div style="display:inline-block;width:8px;white-space:pre"> </div>on<div style="display:inline-block;width:8px;white-space:pre"> </div>and<div style="display:inline-block;width:8px;white-space:pre"> </div>concurrent<div style="display:inline-block;width:8px;white-space:pre"> </div>with<div style="display:inline-block;width:8px;white-space:pre"> </div>a<div style="display:inline-block;width:8px;white-space:pre"> </div>specific </div><div id="a38859" style="position:absolute;font-family:'Arial';left:5px;top:15px;">revenue-producing transaction that are collected by the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company from a customer are excluded from revenue. </div><div id="a38863" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:43px;">Performance Obligations </div><div id="a38867" style="position:absolute;font-family:'Arial';left:5px;top:70px;">A<div style="display:inline-block;width:5px;white-space:pre"> </div>performance<div style="display:inline-block;width:6px;white-space:pre"> </div>obligation<div style="display:inline-block;width:6px;white-space:pre"> </div>is<div style="display:inline-block;width:5px;white-space:pre"> </div>a<div style="display:inline-block;width:5px;white-space:pre"> </div>promise<div style="display:inline-block;width:6px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>a<div style="display:inline-block;width:5px;white-space:pre"> </div>contract<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:5px;white-space:pre"> </div>transfer<div style="display:inline-block;width:6px;white-space:pre"> </div>a<div style="display:inline-block;width:5px;white-space:pre"> </div>distinct<div style="display:inline-block;width:6px;white-space:pre"> </div>good<div style="display:inline-block;width:5px;white-space:pre"> </div>or<div style="display:inline-block;width:5px;white-space:pre"> </div>service<div style="display:inline-block;width:5px;white-space:pre"> </div>to<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>customer.<div style="display:inline-block;width:6px;white-space:pre"> </div>A </div><div id="a38869" style="position:absolute;font-family:'Arial';left:5px;top:85px;">contract’s transaction price is allocated<div style="display:inline-block;width:2px;white-space:pre"> </div>to each distinct performance obligation<div style="display:inline-block;width:2px;white-space:pre"> </div>and recognized as revenue<div style="display:inline-block;width:2px;white-space:pre"> </div>when, </div><div id="a38870" style="position:absolute;font-family:'Arial';left:5px;top:101px;">or as, the performance obligation is satisfied. Revenue<div style="display:inline-block;width:5px;white-space:pre"> </div>is recognized at a point in time. </div><div id="a38875" style="position:absolute;font-family:'Arial';left:5px;top:128px;">The Company’s contracts have<div style="display:inline-block;width:5px;white-space:pre"> </div>multiple performance obligations as the<div style="display:inline-block;width:5px;white-space:pre"> </div>promise to transfer the individual<div style="display:inline-block;width:5px;white-space:pre"> </div>unit of </div><div id="a38876" style="position:absolute;font-family:'Arial';left:5px;top:143px;">coal<div style="display:inline-block;width:7px;white-space:pre"> </div>is<div style="display:inline-block;width:7px;white-space:pre"> </div>separately<div style="display:inline-block;width:8px;white-space:pre"> </div>identifiable<div style="display:inline-block;width:8px;white-space:pre"> </div>from<div style="display:inline-block;width:8px;white-space:pre"> </div>other<div style="display:inline-block;width:8px;white-space:pre"> </div>units<div style="display:inline-block;width:7px;white-space:pre"> </div>of<div style="display:inline-block;width:8px;white-space:pre"> </div>coal<div style="display:inline-block;width:7px;white-space:pre"> </div>promised<div style="display:inline-block;width:8px;white-space:pre"> </div>in<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>contracts<div style="display:inline-block;width:8px;white-space:pre"> </div>and,<div style="display:inline-block;width:7px;white-space:pre"> </div>therefore,<div style="display:inline-block;width:8px;white-space:pre"> </div>distinct. </div><div id="a38877" style="position:absolute;font-family:'Arial';left:5px;top:159px;">Performance obligations, as described above, primarily relate to the Company’s<div style="display:inline-block;width:5px;white-space:pre"> </div>promise to deliver a designated </div><div id="a38879" style="position:absolute;font-family:'Arial';left:5px;top:174px;">quantity and type of coal within the quality specifications<div style="display:inline-block;width:5px;white-space:pre"> </div>stated in the contract. </div><div id="a38881" style="position:absolute;font-family:'Arial';left:5px;top:201px;">For<div style="display:inline-block;width:8px;white-space:pre"> </div>contracts<div style="display:inline-block;width:8px;white-space:pre"> </div>with<div style="display:inline-block;width:8px;white-space:pre"> </div>multiple<div style="display:inline-block;width:8px;white-space:pre"> </div>performance<div style="display:inline-block;width:8px;white-space:pre"> </div>obligations,<div style="display:inline-block;width:8px;white-space:pre"> </div>we<div style="display:inline-block;width:8px;white-space:pre"> </div>allocate<div style="display:inline-block;width:8px;white-space:pre"> </div>the<div style="display:inline-block;width:8px;white-space:pre"> </div>contract’s<div style="display:inline-block;width:8px;white-space:pre"> </div>transaction<div style="display:inline-block;width:8px;white-space:pre"> </div>price<div style="display:inline-block;width:8px;white-space:pre"> </div>to<div style="display:inline-block;width:8px;white-space:pre"> </div>each </div><div id="a38882" style="position:absolute;font-family:'Arial';left:5px;top:217px;">performance obligation on a relative standalone selling price basis. The<div style="display:inline-block;width:2px;white-space:pre"> </div>standalone selling price is determined at </div><div id="a38883" style="position:absolute;font-family:'Arial';left:5px;top:232px;">each contract inception using<div style="display:inline-block;width:5px;white-space:pre"> </div>an adjusted market assessment<div style="display:inline-block;width:5px;white-space:pre"> </div>approach. This approach focuses<div style="display:inline-block;width:5px;white-space:pre"> </div>on the amount </div><div id="a38885" style="position:absolute;font-family:'Arial';left:5px;top:247px;">that the Company believes the market is willing to pay<div style="display:inline-block;width:2px;white-space:pre"> </div>for a good or service, considering market conditions, such </div><div id="a38886" style="position:absolute;font-family:'Arial';left:5px;top:263px;">as benchmark pricing, competitor pricing, market awareness of the product and current market trends that affect </div><div id="a38891" style="position:absolute;font-family:'Arial';left:5px;top:278px;">the pricing. </div><div id="a38893" style="position:absolute;font-family:'Arial';left:5px;top:305px;">Warranties provided<div style="display:inline-block;width:6px;white-space:pre"> </div>to customers are<div style="display:inline-block;width:6px;white-space:pre"> </div>assurance-type warranties<div style="display:inline-block;width:5px;white-space:pre"> </div>on the fitness<div style="display:inline-block;width:5px;white-space:pre"> </div>of purpose and<div style="display:inline-block;width:5px;white-space:pre"> </div>merchantability </div><div id="a38896" style="position:absolute;font-family:'Arial';left:5px;top:321px;">of the Company’s goods. The Company does not<div style="display:inline-block;width:5px;white-space:pre"> </div>provide service-type warranties to customers. </div><div id="a38900" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:348px;">Shipping and Handling </div><div id="a38902" style="position:absolute;font-family:'Arial';left:5px;top:379px;">For Free<div style="display:inline-block;width:5px;white-space:pre"> </div>on Rail<div style="display:inline-block;width:5px;white-space:pre"> </div>sales, the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company accounts<div style="display:inline-block;width:6px;white-space:pre"> </div>for shipping<div style="display:inline-block;width:6px;white-space:pre"> </div>and handling<div style="display:inline-block;width:6px;white-space:pre"> </div>activities as<div style="display:inline-block;width:6px;white-space:pre"> </div>a separate<div style="display:inline-block;width:5px;white-space:pre"> </div>performance </div><div id="a38903" style="position:absolute;font-family:'Arial';left:5px;top:395px;">obligation after<div style="display:inline-block;width:6px;white-space:pre"> </div>the customer<div style="display:inline-block;width:6px;white-space:pre"> </div>obtains control<div style="display:inline-block;width:6px;white-space:pre"> </div>of the<div style="display:inline-block;width:6px;white-space:pre"> </div>good. In<div style="display:inline-block;width:6px;white-space:pre"> </div>this instance,<div style="display:inline-block;width:6px;white-space:pre"> </div>shipping and<div style="display:inline-block;width:6px;white-space:pre"> </div>handling costs<div style="display:inline-block;width:6px;white-space:pre"> </div>paid to </div><div id="a38904" style="position:absolute;font-family:'Arial';left:5px;top:410px;">third<div style="display:inline-block;width:7px;white-space:pre"> </div>party<div style="display:inline-block;width:7px;white-space:pre"> </div>carriers<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>invoiced<div style="display:inline-block;width:7px;white-space:pre"> </div>to<div style="display:inline-block;width:7px;white-space:pre"> </div>coal<div style="display:inline-block;width:7px;white-space:pre"> </div>customers<div style="display:inline-block;width:7px;white-space:pre"> </div>are<div style="display:inline-block;width:7px;white-space:pre"> </div>recorded<div style="display:inline-block;width:7px;white-space:pre"> </div>as<div style="display:inline-block;width:7px;white-space:pre"> </div>freight<div style="display:inline-block;width:7px;white-space:pre"> </div>expense<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>other<div style="display:inline-block;width:7px;white-space:pre"> </div>revenues, </div><div id="a38906" style="position:absolute;font-family:'Arial';left:5px;top:425px;">respectively. </div><div id="a38909" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:457px;">Contract Balances </div><div id="a38911" style="position:absolute;font-family:'Arial';left:5px;top:488px;">Contract assets, when<div style="display:inline-block;width:5px;white-space:pre"> </div>present, are recorded<div style="display:inline-block;width:6px;white-space:pre"> </div>separately from<div style="display:inline-block;width:5px;white-space:pre"> </div>trade receivables in<div style="display:inline-block;width:5px;white-space:pre"> </div>the Company's Consolidated </div><div id="a38912" style="position:absolute;font-family:'Arial';left:5px;top:503px;">Balance Sheets and are reclassified to<div style="display:inline-block;width:2px;white-space:pre"> </div>trade receivables as title passes to<div style="display:inline-block;width:2px;white-space:pre"> </div>the customer and the Company's right </div><div id="a38915" style="position:absolute;font-family:'Arial';left:5px;top:519px;">to<div style="display:inline-block;width:5px;white-space:pre"> </div>consideration<div style="display:inline-block;width:5px;white-space:pre"> </div>becomes<div style="display:inline-block;width:5px;white-space:pre"> </div>unconditional.<div style="display:inline-block;width:5px;white-space:pre"> </div>Credit<div style="display:inline-block;width:5px;white-space:pre"> </div>is<div style="display:inline-block;width:5px;white-space:pre"> </div>extended<div style="display:inline-block;width:5px;white-space:pre"> </div>based<div style="display:inline-block;width:5px;white-space:pre"> </div>on<div style="display:inline-block;width:5px;white-space:pre"> </div>an<div style="display:inline-block;width:5px;white-space:pre"> </div>evaluation<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>a<div style="display:inline-block;width:5px;white-space:pre"> </div>customer's<div style="display:inline-block;width:5px;white-space:pre"> </div>financial </div><div id="a38917" style="position:absolute;font-family:'Arial';left:5px;top:534px;">condition and a<div style="display:inline-block;width:2px;white-space:pre"> </div>customer's ability to perform<div style="display:inline-block;width:2px;white-space:pre"> </div>its obligations. The<div style="display:inline-block;width:2px;white-space:pre"> </div>Company typically does<div style="display:inline-block;width:2px;white-space:pre"> </div>not have contract<div style="display:inline-block;width:2px;white-space:pre"> </div>assets </div><div id="a38918" style="position:absolute;font-family:'Arial';left:5px;top:549px;">that are stated separately<div style="display:inline-block;width:6px;white-space:pre"> </div>from trade receivables<div style="display:inline-block;width:5px;white-space:pre"> </div>since the Company's<div style="display:inline-block;width:5px;white-space:pre"> </div>performance obligations are<div style="display:inline-block;width:5px;white-space:pre"> </div>satisfied as </div><div id="a38921" style="position:absolute;font-family:'Arial';left:5px;top:565px;">control of the goods or services passes to the customer,<div style="display:inline-block;width:5px;white-space:pre"> </div>thereby granting the Company an unconditional right to </div><div id="a38924" style="position:absolute;font-family:'Arial';left:5px;top:580px;">receive<div style="display:inline-block;width:5px;white-space:pre"> </div>consideration.<div style="display:inline-block;width:5px;white-space:pre"> </div>Contract<div style="display:inline-block;width:5px;white-space:pre"> </div>liabilities<div style="display:inline-block;width:5px;white-space:pre"> </div>relate to<div style="display:inline-block;width:6px;white-space:pre"> </div>consideration<div style="display:inline-block;width:5px;white-space:pre"> </div>received<div style="display:inline-block;width:5px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>advance<div style="display:inline-block;width:5px;white-space:pre"> </div>of the<div style="display:inline-block;width:6px;white-space:pre"> </div>satisfaction<div style="display:inline-block;width:5px;white-space:pre"> </div>of the </div><div id="a38926" style="position:absolute;font-family:'Arial';left:5px;top:595px;">Company's<div style="display:inline-block;width:6px;white-space:pre"> </div>performance<div style="display:inline-block;width:6px;white-space:pre"> </div>obligations.<div style="display:inline-block;width:6px;white-space:pre"> </div>Contract<div style="display:inline-block;width:6px;white-space:pre"> </div>liabilities<div style="display:inline-block;width:6px;white-space:pre"> </div>are<div style="display:inline-block;width:5px;white-space:pre"> </div>recognized<div style="display:inline-block;width:6px;white-space:pre"> </div>as<div style="display:inline-block;width:5px;white-space:pre"> </div>revenue<div style="display:inline-block;width:5px;white-space:pre"> </div>at<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>point<div style="display:inline-block;width:5px;white-space:pre"> </div>in<div style="display:inline-block;width:6px;white-space:pre"> </div>time<div style="display:inline-block;width:5px;white-space:pre"> </div>when </div><div id="a38929" style="position:absolute;font-family:'Arial';left:5px;top:611px;">control of the goods passes to the customer.<div style="display:inline-block;width:6px;white-space:pre"> </div></div><div id="a38932" style="position:absolute;font-family:'Arial';left:5px;top:642px;">Refer to Note 14. “Contract Obligations” for further<div style="display:inline-block;width:5px;white-space:pre"> </div>information.</div></div></div></div><div id="TextContainer2234" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a38932_65_2" style="position:absolute;font-family:'Arial';left:375px;top:642px;"><div style="display:inline-block;width:4px;white-space:pre"> </div></div></div><div id="div_2231_XBRL_TS_0ad15c09bab14b57813cd1c1981ed9d2" style="position:absolute;left:0px;top:673px;float:left;"><div id="TextBlockContainer2232" style="position:relative;line-height:normal;width:676px;height:233px;"><div id="TextContainer2232" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a38937" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(p)<div style="display:inline-block;width:7px;white-space:pre"> </div>Commodity Price Risk</div><div id="a38943" style="position:absolute;font-family:'Arial';left:5px;top:29px;">The Company has commodity price risk arising from fluctuations<div style="display:inline-block;width:5px;white-space:pre"> </div>in domestic and global coal prices.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a38946" style="position:absolute;font-family:'Arial';left:5px;top:60px;">The<div style="display:inline-block;width:7px;white-space:pre"> </div>Company’s<div style="display:inline-block;width:8px;white-space:pre"> </div>principal<div style="display:inline-block;width:7px;white-space:pre"> </div>philosophy<div style="display:inline-block;width:7px;white-space:pre"> </div>is<div style="display:inline-block;width:7px;white-space:pre"> </div>not<div style="display:inline-block;width:7px;white-space:pre"> </div>to<div style="display:inline-block;width:7px;white-space:pre"> </div>hedge<div style="display:inline-block;width:7px;white-space:pre"> </div>against<div style="display:inline-block;width:7px;white-space:pre"> </div>movements<div style="display:inline-block;width:8px;white-space:pre"> </div>in<div style="display:inline-block;width:7px;white-space:pre"> </div>coal<div style="display:inline-block;width:7px;white-space:pre"> </div>prices<div style="display:inline-block;width:7px;white-space:pre"> </div>unless<div style="display:inline-block;width:7px;white-space:pre"> </div>there<div style="display:inline-block;width:7px;white-space:pre"> </div>are </div><div id="a38947" style="position:absolute;font-family:'Arial';left:5px;top:75px;">exceptional circumstances.<div style="display:inline-block;width:8px;white-space:pre"> </div>Any potential hedging of coal prices would be through fixed<div style="display:inline-block;width:5px;white-space:pre"> </div>price contracts.<div style="display:inline-block;width:4px;white-space:pre"> </div></div><div id="a38949" style="position:absolute;font-family:'Arial';left:5px;top:107px;">The<div style="display:inline-block;width:6px;white-space:pre"> </div>Company<div style="display:inline-block;width:6px;white-space:pre"> </div>is<div style="display:inline-block;width:6px;white-space:pre"> </div>also<div style="display:inline-block;width:6px;white-space:pre"> </div>exposed<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>commodity<div style="display:inline-block;width:6px;white-space:pre"> </div>price<div style="display:inline-block;width:6px;white-space:pre"> </div>risk<div style="display:inline-block;width:6px;white-space:pre"> </div>related<div style="display:inline-block;width:5px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>diesel<div style="display:inline-block;width:6px;white-space:pre"> </div>fuel<div style="display:inline-block;width:6px;white-space:pre"> </div>purchases.<div style="display:inline-block;width:6px;white-space:pre"> </div>The<div style="display:inline-block;width:6px;white-space:pre"> </div>Company<div style="display:inline-block;width:6px;white-space:pre"> </div>may </div><div id="a38952" style="position:absolute;font-family:'Arial';left:5px;top:122px;">periodically enter into arrangements that protect against<div style="display:inline-block;width:5px;white-space:pre"> </div>the volatility in fuel prices as follows: </div><div id="a38954" style="position:absolute;font-family:'Arial';left:29px;top:153px;">•<div style="display:inline-block;width:19px;white-space:pre"> </div>entering into fixed price contracts to purchase fuel for the<div style="display:inline-block;width:5px;white-space:pre"> </div>U.S. Operations. </div><div id="a38962" style="position:absolute;font-family:'Arial';left:29px;top:185px;">•<div style="display:inline-block;width:19px;white-space:pre"> </div>entering into derivative financial instruments to hedge<div style="display:inline-block;width:5px;white-space:pre"> </div>exposures to fuel price fluctuations.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a38970" style="position:absolute;font-family:'Arial';left:5px;top:216px;">Refer to Note 21. “Derivatives and Fair Value<div style="display:inline-block;width:6px;white-space:pre"> </div>Measurement”.</div></div></div></div><div id="TextContainer2235" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a38970_59_2" style="position:absolute;font-family:'Arial';left:364px;top:889px;"><div style="display:inline-block;width:4px;white-space:pre"> </div></div></div></div><div id="TextBlockContainer2250" style="position:relative;line-height:normal;width:676px;height:921px;"><div id="div_2238_XBRL_TS_32f803b749644bb88dd09edfc7b8ebdc" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2239" style="position:relative;line-height:normal;width:676px;height:292px;"><div id="TextContainer2239" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a38993" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(q)<div style="display:inline-block;width:7px;white-space:pre"> </div>Derivative Accounting </div><div id="a38999" style="position:absolute;font-family:'Arial';left:5px;top:29px;">The Company recognizes at fair value all contracts meeting the definition of a derivative as assets or liabilities in </div><div id="a39000" style="position:absolute;font-family:'Arial';left:5px;top:44px;">the Consolidated Balance Sheets. </div><div id="a39010" style="position:absolute;font-family:'Arial';left:5px;top:75px;">With<div style="display:inline-block;width:5px;white-space:pre"> </div>respect<div style="display:inline-block;width:5px;white-space:pre"> </div>to<div style="display:inline-block;width:5px;white-space:pre"> </div>derivatives<div style="display:inline-block;width:6px;white-space:pre"> </div>used<div style="display:inline-block;width:5px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>hedging<div style="display:inline-block;width:6px;white-space:pre"> </div>activities,<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company<div style="display:inline-block;width:5px;white-space:pre"> </div>assesses,<div style="display:inline-block;width:6px;white-space:pre"> </div>both<div style="display:inline-block;width:5px;white-space:pre"> </div>at<div style="display:inline-block;width:5px;white-space:pre"> </div>inception<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>at<div style="display:inline-block;width:5px;white-space:pre"> </div>least </div><div id="a39011" style="position:absolute;font-family:'Arial';left:5px;top:91px;">quarterly<div style="display:inline-block;width:5px;white-space:pre"> </div>thereafter,<div style="display:inline-block;width:6px;white-space:pre"> </div>whether<div style="display:inline-block;width:6px;white-space:pre"> </div>such<div style="display:inline-block;width:5px;white-space:pre"> </div>derivatives<div style="display:inline-block;width:5px;white-space:pre"> </div>are<div style="display:inline-block;width:5px;white-space:pre"> </div>highly<div style="display:inline-block;width:5px;white-space:pre"> </div>effective<div style="display:inline-block;width:6px;white-space:pre"> </div>at<div style="display:inline-block;width:5px;white-space:pre"> </div>offsetting<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>changes<div style="display:inline-block;width:6px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>anticipated </div><div id="a39012" style="position:absolute;font-family:'Arial';left:5px;top:106px;">exposure of the hedged item. The effective<div style="display:inline-block;width:6px;white-space:pre"> </div>portion of the change in the fair<div style="display:inline-block;width:5px;white-space:pre"> </div>value of derivatives designated as<div style="display:inline-block;width:5px;white-space:pre"> </div>a </div><div id="a39014" style="position:absolute;font-family:'Arial';left:5px;top:121px;">cash flow<div style="display:inline-block;width:5px;white-space:pre"> </div>hedge is<div style="display:inline-block;width:5px;white-space:pre"> </div>recorded in<div style="display:inline-block;width:5px;white-space:pre"> </div>“Accumulated other<div style="display:inline-block;width:5px;white-space:pre"> </div>comprehensive income<div style="display:inline-block;width:6px;white-space:pre"> </div>(loss)” until<div style="display:inline-block;width:5px;white-space:pre"> </div>the hedged<div style="display:inline-block;width:5px;white-space:pre"> </div>transaction </div><div id="a39015" style="position:absolute;font-family:'Arial';left:5px;top:137px;">impacts reported earnings,<div style="display:inline-block;width:5px;white-space:pre"> </div>at which time any<div style="display:inline-block;width:5px;white-space:pre"> </div>gain or loss<div style="display:inline-block;width:5px;white-space:pre"> </div>is reclassified to earnings.<div style="display:inline-block;width:6px;white-space:pre"> </div>To<div style="display:inline-block;width:5px;white-space:pre"> </div>the extent that<div style="display:inline-block;width:5px;white-space:pre"> </div>periodic </div><div id="a39017" style="position:absolute;font-family:'Arial';left:5px;top:152px;">changes in the<div style="display:inline-block;width:5px;white-space:pre"> </div>fair value of<div style="display:inline-block;width:5px;white-space:pre"> </div>derivatives deemed highly<div style="display:inline-block;width:6px;white-space:pre"> </div>effective exceeds<div style="display:inline-block;width:5px;white-space:pre"> </div>such changes<div style="display:inline-block;width:5px;white-space:pre"> </div>in the hedged<div style="display:inline-block;width:6px;white-space:pre"> </div>item, the </div><div id="a39018" style="position:absolute;font-family:'Arial';left:5px;top:167px;">ineffective portion of<div style="display:inline-block;width:5px;white-space:pre"> </div>the periodic non-cash<div style="display:inline-block;width:5px;white-space:pre"> </div>changes are recorded<div style="display:inline-block;width:5px;white-space:pre"> </div>in earnings in the<div style="display:inline-block;width:6px;white-space:pre"> </div>period of the change.<div style="display:inline-block;width:6px;white-space:pre"> </div>If the </div><div id="a39022" style="position:absolute;font-family:'Arial';left:5px;top:183px;">hedge ceases to qualify<div style="display:inline-block;width:5px;white-space:pre"> </div>for hedge accounting,<div style="display:inline-block;width:5px;white-space:pre"> </div>the Company prospectively<div style="display:inline-block;width:5px;white-space:pre"> </div>recognizes changes in<div style="display:inline-block;width:5px;white-space:pre"> </div>the fair value </div><div id="a39023" style="position:absolute;font-family:'Arial';left:5px;top:198px;">of the instrument in earnings in<div style="display:inline-block;width:2px;white-space:pre"> </div>the period of the change. The<div style="display:inline-block;width:2px;white-space:pre"> </div>potential for hedge ineffectiveness is present in the </div><div id="a39024" style="position:absolute;font-family:'Arial';left:5px;top:213px;">design of certain of the Company’s cash flow hedge<div style="display:inline-block;width:5px;white-space:pre"> </div>relationships. </div><div id="a39027" style="position:absolute;font-family:'Arial';left:5px;top:245px;">The Company’s<div style="display:inline-block;width:6px;white-space:pre"> </div>asset and<div style="display:inline-block;width:5px;white-space:pre"> </div>liability derivative<div style="display:inline-block;width:6px;white-space:pre"> </div>positions are<div style="display:inline-block;width:6px;white-space:pre"> </div>offset on<div style="display:inline-block;width:6px;white-space:pre"> </div>a counterparty-by-counterparty<div style="display:inline-block;width:6px;white-space:pre"> </div>basis if<div style="display:inline-block;width:5px;white-space:pre"> </div>the </div><div id="a39032" style="position:absolute;font-family:'Arial';left:5px;top:260px;">contractual agreement provides for the net settlement of contracts with the<div style="display:inline-block;width:2px;white-space:pre"> </div>counterparty in the event of default or </div><div id="a39033" style="position:absolute;font-family:'Arial';left:5px;top:275px;">termination of any one contract.</div></div></div></div><div id="TextContainer2250" style="position:relative;width:676px;z-index:1;font-size:13.28px;"></div><div id="div_2241_XBRL_TS_2f245fcf202d4bff8923fe4d42e6d80a" style="position:absolute;left:0px;top:307px;float:left;"><div id="TextBlockContainer2242" style="position:relative;line-height:normal;width:676px;height:277px;"><div id="TextContainer2242" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a39036" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(r)<div style="display:inline-block;width:10px;white-space:pre"> </div>Income Taxes </div><div id="a39042" style="position:absolute;font-family:'Arial';left:5px;top:29px;">The Company uses the asset<div style="display:inline-block;width:2px;white-space:pre"> </div>and liability approach to account<div style="display:inline-block;width:2px;white-space:pre"> </div>for income taxes as required by<div style="display:inline-block;width:2px;white-space:pre"> </div>ASC 740, Income </div><div id="a39043" style="position:absolute;font-family:'Arial';left:5px;top:44px;">Taxes,<div style="display:inline-block;width:7px;white-space:pre"> </div>which requires<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>recognition<div style="display:inline-block;width:5px;white-space:pre"> </div>of deferred<div style="display:inline-block;width:6px;white-space:pre"> </div>income<div style="display:inline-block;width:5px;white-space:pre"> </div>tax assets<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>liabilities<div style="display:inline-block;width:5px;white-space:pre"> </div>for the<div style="display:inline-block;width:6px;white-space:pre"> </div>expected<div style="display:inline-block;width:5px;white-space:pre"> </div>future<div style="display:inline-block;width:5px;white-space:pre"> </div>tax </div><div id="a39044" style="position:absolute;font-family:'Arial';left:5px;top:59px;">consequences<div style="display:inline-block;width:5px;white-space:pre"> </div>attributable<div style="display:inline-block;width:5px;white-space:pre"> </div>to differences<div style="display:inline-block;width:7px;white-space:pre"> </div>between<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>financial<div style="display:inline-block;width:5px;white-space:pre"> </div>statement<div style="display:inline-block;width:5px;white-space:pre"> </div>carrying<div style="display:inline-block;width:5px;white-space:pre"> </div>amounts<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>existing<div style="display:inline-block;width:5px;white-space:pre"> </div>assets </div><div id="a39046" style="position:absolute;font-family:'Arial';left:5px;top:75px;">and liabilities and their respective tax bases. </div><div id="a39048" style="position:absolute;font-family:'Arial';left:5px;top:106px;">Valuation allowances are provided<div style="display:inline-block;width:2px;white-space:pre"> </div>when necessary to<div style="display:inline-block;width:2px;white-space:pre"> </div>reduce deferred income<div style="display:inline-block;width:2px;white-space:pre"> </div>tax assets to<div style="display:inline-block;width:2px;white-space:pre"> </div>the amount expected </div><div id="a39049" style="position:absolute;font-family:'Arial';left:5px;top:121px;">to be realized, on a “more likely than not” basis. </div><div id="a39056" style="position:absolute;font-family:'Arial';left:5px;top:153px;">The Company recognizes the<div style="display:inline-block;width:5px;white-space:pre"> </div>benefit of an uncertain<div style="display:inline-block;width:5px;white-space:pre"> </div>tax position that it has<div style="display:inline-block;width:5px;white-space:pre"> </div>taken or expects<div style="display:inline-block;width:5px;white-space:pre"> </div>to take on income </div><div id="a39057" style="position:absolute;font-family:'Arial';left:5px;top:168px;">tax<div style="display:inline-block;width:6px;white-space:pre"> </div>returns<div style="display:inline-block;width:6px;white-space:pre"> </div>it<div style="display:inline-block;width:6px;white-space:pre"> </div>files<div style="display:inline-block;width:6px;white-space:pre"> </div>if<div style="display:inline-block;width:6px;white-space:pre"> </div>such<div style="display:inline-block;width:6px;white-space:pre"> </div>tax<div style="display:inline-block;width:6px;white-space:pre"> </div>position<div style="display:inline-block;width:6px;white-space:pre"> </div>is<div style="display:inline-block;width:6px;white-space:pre"> </div>more<div style="display:inline-block;width:6px;white-space:pre"> </div>likely<div style="display:inline-block;width:6px;white-space:pre"> </div>than<div style="display:inline-block;width:6px;white-space:pre"> </div>not<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>be<div style="display:inline-block;width:6px;white-space:pre"> </div>sustained<div style="display:inline-block;width:6px;white-space:pre"> </div>on<div style="display:inline-block;width:6px;white-space:pre"> </div>examination<div style="display:inline-block;width:6px;white-space:pre"> </div>by<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>taxing </div><div id="a39058" style="position:absolute;font-family:'Arial';left:5px;top:183px;">authorities, based on the technical<div style="display:inline-block;width:5px;white-space:pre"> </div>merits of the position. These tax<div style="display:inline-block;width:5px;white-space:pre"> </div>benefits are measured based on the<div style="display:inline-block;width:5px;white-space:pre"> </div>largest </div><div id="a39060" style="position:absolute;font-family:'Arial';left:5px;top:199px;">benefit that has a greater than 50% likelihood of being realized<div style="display:inline-block;width:5px;white-space:pre"> </div>upon ultimate resolution. </div><div id="a39062" style="position:absolute;font-family:'Arial';left:5px;top:230px;">The Company’s foreign<div style="display:inline-block;width:6px;white-space:pre"> </div>structure consists of<div style="display:inline-block;width:5px;white-space:pre"> </div>Australian entities which<div style="display:inline-block;width:5px;white-space:pre"> </div>are treated as<div style="display:inline-block;width:5px;white-space:pre"> </div>corporations subject to<div style="display:inline-block;width:5px;white-space:pre"> </div>tax </div><div id="a39063" style="position:absolute;font-family:'Arial';left:5px;top:245px;">under Australian taxing authorities.<div style="display:inline-block;width:5px;white-space:pre"> </div>The Australian entities are<div style="display:inline-block;width:5px;white-space:pre"> </div>treated as a branch for<div style="display:inline-block;width:5px;white-space:pre"> </div>U.S. tax purposes and<div style="display:inline-block;width:5px;white-space:pre"> </div>all </div><div id="a39065" style="position:absolute;font-family:'Arial';left:5px;top:261px;">income flows through the ultimate parent (the Company).</div></div></div></div><div id="TextContainer2251" style="position:relative;width:676px;z-index:1;font-size:13.28px;"></div><div id="div_2244_XBRL_TS_fda2f3084cba4481bd5d1aa413bd2420" style="position:absolute;left:0px;top:595px;float:left;"><div id="TextBlockContainer2245" style="position:relative;line-height:normal;width:676px;height:149px;"><div id="TextContainer2245" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a39068" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(s)<div style="display:inline-block;width:8px;white-space:pre"> </div>Fair Value Measurements </div><div id="a39074" style="position:absolute;font-family:'Arial';left:5px;top:29px;">The Company utilizes valuation<div style="display:inline-block;width:5px;white-space:pre"> </div>techniques that maximize<div style="display:inline-block;width:5px;white-space:pre"> </div>the use of observable inputs<div style="display:inline-block;width:5px;white-space:pre"> </div>and minimize the use of </div><div id="a39075" style="position:absolute;font-family:'Arial';left:5px;top:44px;">unobservable<div style="display:inline-block;width:6px;white-space:pre"> </div>inputs<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>extent<div style="display:inline-block;width:6px;white-space:pre"> </div>possible.<div style="display:inline-block;width:6px;white-space:pre"> </div>The<div style="display:inline-block;width:6px;white-space:pre"> </div>Company<div style="display:inline-block;width:6px;white-space:pre"> </div>determines<div style="display:inline-block;width:6px;white-space:pre"> </div>fair<div style="display:inline-block;width:6px;white-space:pre"> </div>value<div style="display:inline-block;width:6px;white-space:pre"> </div>based<div style="display:inline-block;width:6px;white-space:pre"> </div>on<div style="display:inline-block;width:6px;white-space:pre"> </div>assumptions<div style="display:inline-block;width:6px;white-space:pre"> </div>that </div><div id="a39076" style="position:absolute;font-family:'Arial';left:5px;top:59px;">market<div style="display:inline-block;width:6px;white-space:pre"> </div>participants<div style="display:inline-block;width:6px;white-space:pre"> </div>would<div style="display:inline-block;width:6px;white-space:pre"> </div>use<div style="display:inline-block;width:6px;white-space:pre"> </div>in<div style="display:inline-block;width:6px;white-space:pre"> </div>pricing<div style="display:inline-block;width:6px;white-space:pre"> </div>an<div style="display:inline-block;width:6px;white-space:pre"> </div>asset<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:6px;white-space:pre"> </div>liability<div style="display:inline-block;width:6px;white-space:pre"> </div>in<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>principal<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:6px;white-space:pre"> </div>most<div style="display:inline-block;width:6px;white-space:pre"> </div>relevant<div style="display:inline-block;width:6px;white-space:pre"> </div>market.<div style="display:inline-block;width:6px;white-space:pre"> </div>When </div><div id="a39079" style="position:absolute;font-family:'Arial';left:5px;top:75px;">considering<div style="display:inline-block;width:5px;white-space:pre"> </div>market<div style="display:inline-block;width:5px;white-space:pre"> </div>participant<div style="display:inline-block;width:5px;white-space:pre"> </div>assumptions<div style="display:inline-block;width:5px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>fair<div style="display:inline-block;width:5px;white-space:pre"> </div>value<div style="display:inline-block;width:5px;white-space:pre"> </div>measurements,<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company<div style="display:inline-block;width:6px;white-space:pre"> </div>distinguishes<div style="display:inline-block;width:5px;white-space:pre"> </div>between </div><div id="a39080" style="position:absolute;font-family:'Arial';left:5px;top:90px;">observable and unobservable inputs, which are categorized<div style="display:inline-block;width:5px;white-space:pre"> </div>in one of three levels of inputs. </div><div id="a39085" style="position:absolute;font-family:'Arial';left:5px;top:117px;">Refer to<div style="display:inline-block;width:5px;white-space:pre"> </div>Note 21.<div style="display:inline-block;width:5px;white-space:pre"> </div>“Derivatives and<div style="display:inline-block;width:5px;white-space:pre"> </div>Fair Value<div style="display:inline-block;width:6px;white-space:pre"> </div>Measurement” for<div style="display:inline-block;width:6px;white-space:pre"> </div>detailed information<div style="display:inline-block;width:6px;white-space:pre"> </div>related to<div style="display:inline-block;width:5px;white-space:pre"> </div>the Company’s </div><div id="a39093" style="position:absolute;font-family:'Arial';left:5px;top:133px;">fair value policies and disclosures.</div></div></div></div><div id="TextContainer2252" style="position:relative;width:676px;z-index:1;font-size:13.28px;"></div><div id="div_2247_XBRL_TS_5d3b187b709041419d04c70eddbc670a" style="position:absolute;left:0px;top:756px;float:left;"><div id="TextBlockContainer2248" style="position:relative;line-height:normal;width:676px;height:165px;"><div id="TextContainer2248" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a39095" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(t)<div style="display:inline-block;width:11px;white-space:pre"> </div>Stock-based Compensation </div><div id="a39104" style="position:absolute;font-family:'Arial';left:5px;top:29px;">The Company has<div style="display:inline-block;width:2px;white-space:pre"> </div>a stock-based compensation plan<div style="display:inline-block;width:2px;white-space:pre"> </div>which allows for<div style="display:inline-block;width:2px;white-space:pre"> </div>the grant of<div style="display:inline-block;width:2px;white-space:pre"> </div>certain equity-based incentives </div><div id="a39110" style="position:absolute;font-family:'Arial';left:5px;top:44px;">including stock options, performance stock<div style="display:inline-block;width:2px;white-space:pre"> </div>units, or PSUs, and<div style="display:inline-block;width:2px;white-space:pre"> </div>restricted stock units,<div style="display:inline-block;width:3px;white-space:pre"> </div>or RSUs, to employees<div style="display:inline-block;width:2px;white-space:pre"> </div>and </div><div id="a39119" style="position:absolute;font-family:'Arial';left:5px;top:59px;">executive<div style="display:inline-block;width:5px;white-space:pre"> </div>directors,<div style="display:inline-block;width:6px;white-space:pre"> </div>valued<div style="display:inline-block;width:6px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>whole<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:5px;white-space:pre"> </div>in<div style="display:inline-block;width:6px;white-space:pre"> </div>part<div style="display:inline-block;width:5px;white-space:pre"> </div>with<div style="display:inline-block;width:6px;white-space:pre"> </div>reference<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company’s<div style="display:inline-block;width:6px;white-space:pre"> </div>CDIs<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:5px;white-space:pre"> </div>equivalent<div style="display:inline-block;width:6px;white-space:pre"> </div>common </div><div id="a39120" style="position:absolute;font-family:'Arial';left:5px;top:75px;">shares (on a </div><div id="a39120_13_2" style="position:absolute;font-family:'Arial';left:83px;top:75px;">10</div><div id="a39120_15_31" style="position:absolute;font-family:'Arial';left:97px;top:75px;">:1 CDI to common share ratio). </div><div id="a39125" style="position:absolute;font-family:'Arial';left:5px;top:102px;">The grant-date<div style="display:inline-block;width:6px;white-space:pre"> </div>fair value<div style="display:inline-block;width:6px;white-space:pre"> </div>of stock<div style="display:inline-block;width:6px;white-space:pre"> </div>option<div style="display:inline-block;width:5px;white-space:pre"> </div>award is<div style="display:inline-block;width:6px;white-space:pre"> </div>estimated on<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>date<div style="display:inline-block;width:5px;white-space:pre"> </div>of grant<div style="display:inline-block;width:6px;white-space:pre"> </div>using<div style="display:inline-block;width:5px;white-space:pre"> </div>Black-Scholes-Merton </div><div id="a39132" style="position:absolute;font-family:'Arial';left:5px;top:117px;">option-pricing model. For<div style="display:inline-block;width:5px;white-space:pre"> </div>certain options and<div style="display:inline-block;width:5px;white-space:pre"> </div>PSUs, the Company includes<div style="display:inline-block;width:6px;white-space:pre"> </div>a relative Total<div style="display:inline-block;width:6px;white-space:pre"> </div>Stockholder Return, </div><div id="a39136" style="position:absolute;font-family:'Arial';left:5px;top:133px;">or TSR, modifier to determine the number of shares<div style="display:inline-block;width:5px;white-space:pre"> </div>earned at the end of the performance period. The<div style="display:inline-block;width:5px;white-space:pre"> </div>fair value </div><div id="a39141" style="position:absolute;font-family:'Arial';left:5px;top:148px;">of awards that include the TSR modifier is determined<div style="display:inline-block;width:5px;white-space:pre"> </div>using a Monte Carlo valuation model. </div></div></div></div></div><div id="TextBlockContainer2265" style="position:relative;line-height:normal;width:676px;height:410px;"><div id="div_2256_XBRL_TS_5d3b187b709041419d04c70eddbc670a_1" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2257" style="position:relative;line-height:normal;width:676px;height:90px;"><div id="TextContainer2257" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a39156" style="position:absolute;font-family:'Arial';left:5px;top:0px;">The expense for these equity-based incentives is based on their fair value at date of grant and is amortized over </div><div id="a39159" style="position:absolute;font-family:'Arial';left:5px;top:15px;">the required service<div style="display:inline-block;width:2px;white-space:pre"> </div>period, generally the vesting<div style="display:inline-block;width:2px;white-space:pre"> </div>period. The Company accounts<div style="display:inline-block;width:2px;white-space:pre"> </div>for forfeitures as<div style="display:inline-block;width:2px;white-space:pre"> </div>and when they </div><div id="a39160" style="position:absolute;font-family:'Arial';left:5px;top:31px;">occur. </div><div id="a39162" style="position:absolute;font-family:'Arial';left:5px;top:58px;">Refer to<div style="display:inline-block;width:6px;white-space:pre"> </div>Note 19.<div style="display:inline-block;width:6px;white-space:pre"> </div>“Stock-Based Compensation”</div><div id="a39172" style="position:absolute;font-family:'Arial';left:293px;top:58px;">for detailed<div style="display:inline-block;width:6px;white-space:pre"> </div>information related<div style="display:inline-block;width:6px;white-space:pre"> </div>to the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company’s<div style="display:inline-block;width:5px;white-space:pre"> </div>stock-based </div><div id="a39176" style="position:absolute;font-family:'Arial';left:5px;top:73px;">compensation plans.</div></div></div></div><div id="TextContainer2265" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a39178" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:102px;">(</div></div><div id="div_2259_XBRL_TS_f7739fe94937440bb365694974ebf7f5" style="position:absolute;left:0px;top:102px;float:left;"><div id="TextBlockContainer2260" style="position:relative;line-height:normal;width:676px;height:117px;"><div id="TextContainer2260" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a39178_1_29" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:9px;top:0px;">u)<div style="display:inline-block;width:7px;white-space:pre"> </div>(Loss) Earnings per Share </div><div id="a39185" style="position:absolute;font-family:'Arial';left:5px;top:29px;">Basic earnings per share is computed by dividing net income attributable to stockholders of the Company by the </div><div id="a39188" style="position:absolute;font-family:'Arial';left:5px;top:44px;">weighted-average number of shares of common stock<div style="display:inline-block;width:5px;white-space:pre"> </div>outstanding during the reporting period. </div><div id="a39192" style="position:absolute;font-family:'Arial';left:5px;top:70px;">Diluted net income<div style="display:inline-block;width:5px;white-space:pre"> </div>per share is computed<div style="display:inline-block;width:6px;white-space:pre"> </div>using the weighted-average<div style="display:inline-block;width:6px;white-space:pre"> </div>number of shares<div style="display:inline-block;width:5px;white-space:pre"> </div>of common stock<div style="display:inline-block;width:5px;white-space:pre"> </div>and </div><div id="a39195" style="position:absolute;font-family:'Arial';left:5px;top:85px;">dilutive<div style="display:inline-block;width:5px;white-space:pre"> </div>potential<div style="display:inline-block;width:5px;white-space:pre"> </div>shares<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>common<div style="display:inline-block;width:5px;white-space:pre"> </div>stock<div style="display:inline-block;width:5px;white-space:pre"> </div>outstanding<div style="display:inline-block;width:5px;white-space:pre"> </div>during<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>period.<div style="display:inline-block;width:5px;white-space:pre"> </div>Dilutive<div style="display:inline-block;width:5px;white-space:pre"> </div>potential<div style="display:inline-block;width:5px;white-space:pre"> </div>shares<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>common </div><div id="a39196" style="position:absolute;font-family:'Arial';left:5px;top:101px;">stock primarily consist of employee stock options and<div style="display:inline-block;width:5px;white-space:pre"> </div>restricted stock.</div></div></div></div><div id="TextContainer2266" style="position:relative;width:676px;z-index:1;font-size:13.28px;"></div><div id="div_2262_XBRL_TS_7b89cc3693514314be57fdd0475b6e10" style="position:absolute;left:0px;top:231px;float:left;"><div id="TextBlockContainer2263" style="position:relative;line-height:normal;width:676px;height:179px;"><div id="TextContainer2263" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a39199" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(v)<div style="display:inline-block;width:8px;white-space:pre"> </div>Deferred Debt Issuance Costs </div><div id="a39208" style="position:absolute;font-family:'Arial';left:5px;top:29px;">The Company capitalizes costs<div style="display:inline-block;width:5px;white-space:pre"> </div>incurred in connection with new<div style="display:inline-block;width:5px;white-space:pre"> </div>borrowings, the establishment or<div style="display:inline-block;width:5px;white-space:pre"> </div>enhancement </div><div id="a39209" style="position:absolute;font-family:'Arial';left:5px;top:44px;">of credit<div style="display:inline-block;width:6px;white-space:pre"> </div>facilities<div style="display:inline-block;width:5px;white-space:pre"> </div>and the<div style="display:inline-block;width:6px;white-space:pre"> </div>issuance<div style="display:inline-block;width:5px;white-space:pre"> </div>of debt<div style="display:inline-block;width:6px;white-space:pre"> </div>securities.<div style="display:inline-block;width:5px;white-space:pre"> </div>These costs<div style="display:inline-block;width:6px;white-space:pre"> </div>are amortized<div style="display:inline-block;width:6px;white-space:pre"> </div>as an<div style="display:inline-block;width:6px;white-space:pre"> </div>adjustment to<div style="display:inline-block;width:6px;white-space:pre"> </div>interest </div><div id="a39210" style="position:absolute;font-family:'Arial';left:5px;top:59px;">expense over the<div style="display:inline-block;width:6px;white-space:pre"> </div>life of the<div style="display:inline-block;width:5px;white-space:pre"> </div>borrowing or term<div style="display:inline-block;width:6px;white-space:pre"> </div>of the credit<div style="display:inline-block;width:5px;white-space:pre"> </div>facility using the<div style="display:inline-block;width:6px;white-space:pre"> </div>effective interest<div style="display:inline-block;width:5px;white-space:pre"> </div>method. Deferred </div><div id="a39214" style="position:absolute;font-family:'Arial';left:5px;top:75px;">debt issuance costs related<div style="display:inline-block;width:2px;white-space:pre"> </div>to a recognized liability<div style="display:inline-block;width:2px;white-space:pre"> </div>are presented in the<div style="display:inline-block;width:2px;white-space:pre"> </div>Consolidated Balance Sheets as a<div style="display:inline-block;width:2px;white-space:pre"> </div>direct </div><div id="a39223" style="position:absolute;font-family:'Arial';left:5px;top:90px;">reduction from<div style="display:inline-block;width:2px;white-space:pre"> </div>the carrying amount<div style="display:inline-block;width:2px;white-space:pre"> </div>of that<div style="display:inline-block;width:2px;white-space:pre"> </div>liability whereas debt<div style="display:inline-block;width:2px;white-space:pre"> </div>issuance costs related<div style="display:inline-block;width:2px;white-space:pre"> </div>to a<div style="display:inline-block;width:2px;white-space:pre"> </div>revolving credit facility </div><div id="a39226" style="position:absolute;font-family:'Arial';left:5px;top:105px;">are shown as an asset and<div style="display:inline-block;width:5px;white-space:pre"> </div>amortized over the life of the<div style="display:inline-block;width:5px;white-space:pre"> </div>facility on a straight-line basis<div style="display:inline-block;width:5px;white-space:pre"> </div>and included in “Interest </div><div id="a39232" style="position:absolute;font-family:'Arial';left:5px;top:121px;">expense, net” in the Company’s Consolidated Statements<div style="display:inline-block;width:5px;white-space:pre"> </div>of Operations and Comprehensive Income.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a39235" style="position:absolute;font-family:'Arial';left:5px;top:147px;">For<div style="display:inline-block;width:5px;white-space:pre"> </div>information<div style="display:inline-block;width:5px;white-space:pre"> </div>on<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>unamortized<div style="display:inline-block;width:5px;white-space:pre"> </div>balance<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>deferred<div style="display:inline-block;width:5px;white-space:pre"> </div>debt<div style="display:inline-block;width:5px;white-space:pre"> </div>issuance<div style="display:inline-block;width:5px;white-space:pre"> </div>costs<div style="display:inline-block;width:5px;white-space:pre"> </div>related<div style="display:inline-block;width:5px;white-space:pre"> </div>to<div style="display:inline-block;width:5px;white-space:pre"> </div>outstanding<div style="display:inline-block;width:5px;white-space:pre"> </div>debt,<div style="display:inline-block;width:5px;white-space:pre"> </div>see </div><div id="a39239" style="position:absolute;font-family:'Arial';left:5px;top:162px;">Note 15. “Interest Bearing Liabilities”.</div></div></div></div></div> <div id="TextBlockContainer2144" style="position:relative;line-height:normal;width:676px;height:200px;"><div id="TextContainer2144" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a36411" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(a)<div style="display:inline-block;width:8px;white-space:pre"> </div>Newly Adopted Accounting Standards</div><div id="a36415" style="position:absolute;font-family:'Arial';font-style:italic;left:5px;top:29px;">Accounting<div style="display:inline-block;width:6px;white-space:pre"> </div>Standards<div style="display:inline-block;width:6px;white-space:pre"> </div>Update,<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:6px;white-space:pre"> </div>ASU,<div style="display:inline-block;width:6px;white-space:pre"> </div>2023-09<div style="display:inline-block;width:6px;white-space:pre"> </div>-<div style="display:inline-block;width:6px;white-space:pre"> </div>Income<div style="display:inline-block;width:6px;white-space:pre"> </div>Taxes<div style="display:inline-block;width:7px;white-space:pre"> </div>(Topic<div style="display:inline-block;width:7px;white-space:pre"> </div>740):<div style="display:inline-block;width:6px;white-space:pre"> </div>Improvements<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>Income<div style="display:inline-block;width:6px;white-space:pre"> </div>Tax </div><div id="a36421" style="position:absolute;font-family:'Arial';font-style:italic;left:5px;top:44px;">Disclosures.</div><div id="a36422" style="position:absolute;font-family:'Arial';left:77px;top:44px;"><div style="display:inline-block;width:7px;white-space:pre"> </div>In<div style="display:inline-block;width:7px;white-space:pre"> </div>December<div style="display:inline-block;width:7px;white-space:pre"> </div>2023,<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>FASB<div style="display:inline-block;width:8px;white-space:pre"> </div>issued<div style="display:inline-block;width:7px;white-space:pre"> </div>ASU<div style="display:inline-block;width:7px;white-space:pre"> </div>2023-09,<div style="display:inline-block;width:7px;white-space:pre"> </div>which<div style="display:inline-block;width:7px;white-space:pre"> </div>modifies<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>rules<div style="display:inline-block;width:7px;white-space:pre"> </div>on<div style="display:inline-block;width:7px;white-space:pre"> </div>income<div style="display:inline-block;width:7px;white-space:pre"> </div>tax </div><div id="a36426" style="position:absolute;font-family:'Arial';left:5px;top:59px;">disclosures to require companies to<div style="display:inline-block;width:2px;white-space:pre"> </div>disclose specific categories in the<div style="display:inline-block;width:2px;white-space:pre"> </div>rate reconciliation, the income or<div style="display:inline-block;width:2px;white-space:pre"> </div>loss from </div><div id="a36427" style="position:absolute;font-family:'Arial';left:5px;top:75px;">continuing<div style="display:inline-block;width:6px;white-space:pre"> </div>operations<div style="display:inline-block;width:6px;white-space:pre"> </div>before<div style="display:inline-block;width:6px;white-space:pre"> </div>income<div style="display:inline-block;width:6px;white-space:pre"> </div>tax<div style="display:inline-block;width:6px;white-space:pre"> </div>expense<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:6px;white-space:pre"> </div>benefit<div style="display:inline-block;width:6px;white-space:pre"> </div>(separated<div style="display:inline-block;width:6px;white-space:pre"> </div>between<div style="display:inline-block;width:6px;white-space:pre"> </div>domestic<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>foreign)<div style="display:inline-block;width:6px;white-space:pre"> </div>and </div><div id="a36429" style="position:absolute;font-family:'Arial';left:5px;top:90px;">income tax expense or<div style="display:inline-block;width:2px;white-space:pre"> </div>benefit from continuing operations<div style="display:inline-block;width:2px;white-space:pre"> </div>(separated by federal, state,<div style="display:inline-block;width:2px;white-space:pre"> </div>and foreign). The updated </div><div id="a36431" style="position:absolute;font-family:'Arial';left:5px;top:105px;">standard was effective for annual periods beginning<div style="display:inline-block;width:5px;white-space:pre"> </div>after December 15, 2024.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a36436" style="position:absolute;font-family:'Arial';left:5px;top:137px;">The updated<div style="display:inline-block;width:2px;white-space:pre"> </div>standard impacted only<div style="display:inline-block;width:2px;white-space:pre"> </div>the financial<div style="display:inline-block;width:2px;white-space:pre"> </div>statement disclosures,<div style="display:inline-block;width:2px;white-space:pre"> </div>with no<div style="display:inline-block;width:2px;white-space:pre"> </div>impact on<div style="display:inline-block;width:2px;white-space:pre"> </div>the Company’s results </div><div id="a36440" style="position:absolute;font-family:'Arial';left:5px;top:152px;">of operation, cash flows and financial position.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a36442" style="position:absolute;font-family:'Arial';left:5px;top:183px;">The required disclosures are included in Note 20. “Income<div style="display:inline-block;width:5px;white-space:pre"> </div>Taxes.”</div></div></div> <div id="TextBlockContainer2151" style="position:relative;line-height:normal;width:676px;height:371px;"><div id="TextContainer2151" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a36459" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(b)<div style="display:inline-block;width:31px;white-space:pre"> </div>Accounting Standards Not Yet<div style="display:inline-block;width:5px;white-space:pre"> </div>Implemented</div><div id="a36465" style="position:absolute;font-family:'Arial';font-style:italic;left:5px;top:31px;">ASU 2024-03<div style="display:inline-block;width:5px;white-space:pre"> </div>- Income<div style="display:inline-block;width:5px;white-space:pre"> </div>Statement –<div style="display:inline-block;width:5px;white-space:pre"> </div>Reporting Comprehensive<div style="display:inline-block;width:6px;white-space:pre"> </div>Income –<div style="display:inline-block;width:5px;white-space:pre"> </div>Expense Disaggregation<div style="display:inline-block;width:6px;white-space:pre"> </div>Disclosures </div><div id="a36477" style="position:absolute;font-family:'Arial';font-style:italic;left:5px;top:47px;">(Subtopic 220-40):<div style="display:inline-block;width:6px;white-space:pre"> </div>Disaggregation of<div style="display:inline-block;width:6px;white-space:pre"> </div>Income Statement<div style="display:inline-block;width:6px;white-space:pre"> </div>Expenses</div><div id="a36481" style="position:absolute;font-family:'Arial';left:402px;top:47px;">. In<div style="display:inline-block;width:5px;white-space:pre"> </div>November 2024,<div style="display:inline-block;width:6px;white-space:pre"> </div>the FASB<div style="display:inline-block;width:6px;white-space:pre"> </div>issued ASU </div><div id="a36483" style="position:absolute;font-family:'Arial';left:5px;top:62px;">2024-03,<div style="display:inline-block;width:5px;white-space:pre"> </div>which<div style="display:inline-block;width:5px;white-space:pre"> </div>require<div style="display:inline-block;width:5px;white-space:pre"> </div>disclosure,<div style="display:inline-block;width:6px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>notes<div style="display:inline-block;width:5px;white-space:pre"> </div>to<div style="display:inline-block;width:5px;white-space:pre"> </div>financial<div style="display:inline-block;width:5px;white-space:pre"> </div>statements,<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>specified<div style="display:inline-block;width:5px;white-space:pre"> </div>information<div style="display:inline-block;width:5px;white-space:pre"> </div>about<div style="display:inline-block;width:5px;white-space:pre"> </div>certain </div><div id="a36487" style="position:absolute;font-family:'Arial';left:5px;top:77px;">costs and expenses.<div style="display:inline-block;width:2px;white-space:pre"> </div>The amendments aim<div style="display:inline-block;width:2px;white-space:pre"> </div>to improve financial<div style="display:inline-block;width:2px;white-space:pre"> </div>reporting by requiring<div style="display:inline-block;width:2px;white-space:pre"> </div>that public business<div style="display:inline-block;width:2px;white-space:pre"> </div>entities </div><div id="a36493" style="position:absolute;font-family:'Arial';left:5px;top:93px;">disclose additional<div style="display:inline-block;width:5px;white-space:pre"> </div>information about specific<div style="display:inline-block;width:6px;white-space:pre"> </div>expense categories<div style="display:inline-block;width:5px;white-space:pre"> </div>in the notes<div style="display:inline-block;width:5px;white-space:pre"> </div>to financial statements<div style="display:inline-block;width:6px;white-space:pre"> </div>at interim </div><div id="a36494" style="position:absolute;font-family:'Arial';left:5px;top:108px;">and<div style="display:inline-block;width:6px;white-space:pre"> </div>annual<div style="display:inline-block;width:6px;white-space:pre"> </div>reporting<div style="display:inline-block;width:6px;white-space:pre"> </div>periods.<div style="display:inline-block;width:6px;white-space:pre"> </div>The<div style="display:inline-block;width:6px;white-space:pre"> </div>updated<div style="display:inline-block;width:6px;white-space:pre"> </div>standard<div style="display:inline-block;width:6px;white-space:pre"> </div>is<div style="display:inline-block;width:5px;white-space:pre"> </div>effective<div style="display:inline-block;width:6px;white-space:pre"> </div>for<div style="display:inline-block;width:6px;white-space:pre"> </div>annual<div style="display:inline-block;width:6px;white-space:pre"> </div>reporting<div style="display:inline-block;width:6px;white-space:pre"> </div>periods<div style="display:inline-block;width:6px;white-space:pre"> </div>beginning<div style="display:inline-block;width:6px;white-space:pre"> </div>after </div><div id="a36500" style="position:absolute;font-family:'Arial';left:5px;top:123px;">December<div style="display:inline-block;width:7px;white-space:pre"> </div>15,<div style="display:inline-block;width:7px;white-space:pre"> </div>2026,<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>interim<div style="display:inline-block;width:7px;white-space:pre"> </div>reporting<div style="display:inline-block;width:7px;white-space:pre"> </div>periods<div style="display:inline-block;width:7px;white-space:pre"> </div>beginning<div style="display:inline-block;width:7px;white-space:pre"> </div>after<div style="display:inline-block;width:7px;white-space:pre"> </div>December<div style="display:inline-block;width:7px;white-space:pre"> </div>15,<div style="display:inline-block;width:7px;white-space:pre"> </div>2027.<div style="display:inline-block;width:7px;white-space:pre"> </div>Early<div style="display:inline-block;width:7px;white-space:pre"> </div>adoption<div style="display:inline-block;width:7px;white-space:pre"> </div>is </div><div id="a36502" style="position:absolute;font-family:'Arial';left:5px;top:139px;">permitted. The<div style="display:inline-block;width:6px;white-space:pre"> </div>Company is<div style="display:inline-block;width:6px;white-space:pre"> </div>currently evaluating<div style="display:inline-block;width:6px;white-space:pre"> </div>the impact<div style="display:inline-block;width:6px;white-space:pre"> </div>that the<div style="display:inline-block;width:6px;white-space:pre"> </div>updated standard<div style="display:inline-block;width:6px;white-space:pre"> </div>will have<div style="display:inline-block;width:6px;white-space:pre"> </div>on its<div style="display:inline-block;width:6px;white-space:pre"> </div>financial </div><div id="a36508" style="position:absolute;font-family:'Arial';left:5px;top:154px;">statement disclosures. </div><div id="a36510" style="position:absolute;font-family:'Arial';font-style:italic;left:5px;top:185px;">ASU 2025-11<div style="display:inline-block;width:6px;white-space:pre"> </div>- Interim<div style="display:inline-block;width:6px;white-space:pre"> </div>Reporting (Topic<div style="display:inline-block;width:7px;white-space:pre"> </div>270</div><div id="a36520" style="position:absolute;font-family:'Arial';left:270px;top:185px;">): </div><div id="a36521" style="position:absolute;font-family:'Arial';font-style:italic;left:283px;top:185px;">Narrow-Scope Improvements</div><div id="a36524" style="position:absolute;font-family:'Arial';left:457px;top:185px;">. In<div style="display:inline-block;width:6px;white-space:pre"> </div>December 2025,<div style="display:inline-block;width:6px;white-space:pre"> </div>FASB<div style="display:inline-block;width:5px;white-space:pre"> </div>issued </div><div id="a36528" style="position:absolute;font-family:'Arial';left:5px;top:201px;">ASU 2025-11<div style="display:inline-block;width:5px;white-space:pre"> </div>to clarify interim financial<div style="display:inline-block;width:5px;white-space:pre"> </div>reporting guidance under<div style="display:inline-block;width:5px;white-space:pre"> </div>Topic<div style="display:inline-block;width:5px;white-space:pre"> </div>270. The amendments<div style="display:inline-block;width:5px;white-space:pre"> </div>aim to make the </div><div id="a36531" style="position:absolute;font-family:'Arial';left:5px;top:216px;">interim reporting requirements<div style="display:inline-block;width:6px;white-space:pre"> </div>easier to<div style="display:inline-block;width:5px;white-space:pre"> </div>navigate and<div style="display:inline-block;width:5px;white-space:pre"> </div>apply.<div style="display:inline-block;width:5px;white-space:pre"> </div>The amendments<div style="display:inline-block;width:5px;white-space:pre"> </div>do not change<div style="display:inline-block;width:6px;white-space:pre"> </div>the substance<div style="display:inline-block;width:5px;white-space:pre"> </div>of </div><div id="a36532" style="position:absolute;font-family:'Arial';left:5px;top:231px;">existing<div style="display:inline-block;width:6px;white-space:pre"> </div>interim<div style="display:inline-block;width:6px;white-space:pre"> </div>reporting<div style="display:inline-block;width:6px;white-space:pre"> </div>requirements<div style="display:inline-block;width:6px;white-space:pre"> </div>but<div style="display:inline-block;width:6px;white-space:pre"> </div>reorganize<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>clarify<div style="display:inline-block;width:6px;white-space:pre"> </div>when<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>how<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>guidance<div style="display:inline-block;width:6px;white-space:pre"> </div>applies.<div style="display:inline-block;width:6px;white-space:pre"> </div>The </div><div id="a36537" style="position:absolute;font-family:'Arial';left:5px;top:247px;">amendments also<div style="display:inline-block;width:2px;white-space:pre"> </div>introduce a<div style="display:inline-block;width:2px;white-space:pre"> </div>new disclosure<div style="display:inline-block;width:2px;white-space:pre"> </div>principle requiring entities<div style="display:inline-block;width:2px;white-space:pre"> </div>to disclose events<div style="display:inline-block;width:2px;white-space:pre"> </div>and changes<div style="display:inline-block;width:2px;white-space:pre"> </div>occurring </div><div id="a36541" style="position:absolute;font-family:'Arial';left:5px;top:262px;">since the end of the last annual reporting period that have a material impact on the entity. The updated standard </div><div id="a36545" style="position:absolute;font-family:'Arial';left:5px;top:277px;">will be effective for annual<div style="display:inline-block;width:2px;white-space:pre"> </div>periods beginning after December 15, 2027,<div style="display:inline-block;width:2px;white-space:pre"> </div>and interim reporting periods within<div style="display:inline-block;width:2px;white-space:pre"> </div>those </div><div id="a36550" style="position:absolute;font-family:'Arial';left:5px;top:293px;">annual reporting periods. The Company is currently evaluating the impact that the updated<div style="display:inline-block;width:2px;white-space:pre"> </div>standard will have on </div><div id="a36553" style="position:absolute;font-family:'Arial';left:5px;top:308px;">its financial statement disclosures.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a36555" style="position:absolute;font-family:'Arial';left:5px;top:339px;">There have been<div style="display:inline-block;width:2px;white-space:pre"> </div>no other recent<div style="display:inline-block;width:2px;white-space:pre"> </div>accounting pronouncements not yet<div style="display:inline-block;width:2px;white-space:pre"> </div>effective that have significance,<div style="display:inline-block;width:2px;white-space:pre"> </div>or potential </div><div id="a36559" style="position:absolute;font-family:'Arial';left:5px;top:355px;">significance, to the Company’s Consolidated Financial<div style="display:inline-block;width:5px;white-space:pre"> </div>Statements.</div></div></div> <div id="TextBlockContainer2154" style="position:relative;line-height:normal;width:676px;height:94px;"><div id="TextContainer2154" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a36562" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(c) Reclassifications </div><div id="a36564" style="position:absolute;font-family:'Arial';left:5px;top:31px;">Certain amounts in the prior period Consolidated Balance Sheet have<div style="display:inline-block;width:2px;white-space:pre"> </div>been reclassified to conform to the current </div><div id="a36567" style="position:absolute;font-family:'Arial';left:5px;top:47px;">period<div style="display:inline-block;width:8px;white-space:pre"> </div>presentation.<div style="display:inline-block;width:8px;white-space:pre"> </div>These<div style="display:inline-block;width:8px;white-space:pre"> </div>reclassifications<div style="display:inline-block;width:8px;white-space:pre"> </div>relate<div style="display:inline-block;width:8px;white-space:pre"> </div>to<div style="display:inline-block;width:8px;white-space:pre"> </div>the<div style="display:inline-block;width:8px;white-space:pre"> </div>presentation<div style="display:inline-block;width:8px;white-space:pre"> </div>of<div style="display:inline-block;width:7px;white-space:pre"> </div>contract<div style="display:inline-block;width:8px;white-space:pre"> </div>obligations<div style="display:inline-block;width:8px;white-space:pre"> </div>which<div style="display:inline-block;width:8px;white-space:pre"> </div>were </div><div id="a36569" style="position:absolute;font-family:'Arial';left:5px;top:62px;">previously<div style="display:inline-block;width:7px;white-space:pre"> </div>reported<div style="display:inline-block;width:7px;white-space:pre"> </div>within<div style="display:inline-block;width:7px;white-space:pre"> </div>a<div style="display:inline-block;width:7px;white-space:pre"> </div>different<div style="display:inline-block;width:7px;white-space:pre"> </div>financial<div style="display:inline-block;width:7px;white-space:pre"> </div>statement<div style="display:inline-block;width:7px;white-space:pre"> </div>line<div style="display:inline-block;width:7px;white-space:pre"> </div>item.<div style="display:inline-block;width:7px;white-space:pre"> </div>These<div style="display:inline-block;width:7px;white-space:pre"> </div>changes<div style="display:inline-block;width:7px;white-space:pre"> </div>had<div style="display:inline-block;width:7px;white-space:pre"> </div>no<div style="display:inline-block;width:7px;white-space:pre"> </div>impact<div style="display:inline-block;width:7px;white-space:pre"> </div>on<div style="display:inline-block;width:7px;white-space:pre"> </div>the </div><div id="a36572" style="position:absolute;font-family:'Arial';left:5px;top:77px;">Company’s previously reported net income (loss).</div></div></div> <div id="TextBlockContainer2157" style="position:relative;line-height:normal;width:676px;height:153px;"><div id="TextContainer2157" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a36574" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(d)<div style="display:inline-block;width:7px;white-space:pre"> </div>Use of Estimates</div><div id="a36580" style="position:absolute;font-family:'Arial';left:5px;top:29px;">The preparation<div style="display:inline-block;width:6px;white-space:pre"> </div>of Consolidated<div style="display:inline-block;width:6px;white-space:pre"> </div>Financial<div style="display:inline-block;width:5px;white-space:pre"> </div>Statements<div style="display:inline-block;width:5px;white-space:pre"> </div>in conformity<div style="display:inline-block;width:6px;white-space:pre"> </div>with U.S. GAAP<div style="display:inline-block;width:6px;white-space:pre"> </div>requires<div style="display:inline-block;width:5px;white-space:pre"> </div>management<div style="display:inline-block;width:5px;white-space:pre"> </div>to </div><div id="a36589" style="position:absolute;font-family:'Arial';left:5px;top:44px;">make certain<div style="display:inline-block;width:5px;white-space:pre"> </div>judgements, estimates<div style="display:inline-block;width:6px;white-space:pre"> </div>and assumptions<div style="display:inline-block;width:6px;white-space:pre"> </div>that affect<div style="display:inline-block;width:6px;white-space:pre"> </div>the reported<div style="display:inline-block;width:5px;white-space:pre"> </div>amounts of<div style="display:inline-block;width:6px;white-space:pre"> </div>assets and<div style="display:inline-block;width:5px;white-space:pre"> </div>liabilities </div><div id="a36594" style="position:absolute;font-family:'Arial';left:5px;top:59px;">and disclosure of<div style="display:inline-block;width:2px;white-space:pre"> </div>contingent assets and contingent<div style="display:inline-block;width:2px;white-space:pre"> </div>liabilities at the<div style="display:inline-block;width:2px;white-space:pre"> </div>date of the<div style="display:inline-block;width:2px;white-space:pre"> </div>Consolidated Financial Statements </div><div id="a36598" style="position:absolute;font-family:'Arial';left:5px;top:75px;">and<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>reported<div style="display:inline-block;width:5px;white-space:pre"> </div>amounts<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>revenues<div style="display:inline-block;width:5px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>expenses<div style="display:inline-block;width:6px;white-space:pre"> </div>during<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>reporting<div style="display:inline-block;width:6px;white-space:pre"> </div>periods.<div style="display:inline-block;width:5px;white-space:pre"> </div>Actual<div style="display:inline-block;width:5px;white-space:pre"> </div>results<div style="display:inline-block;width:5px;white-space:pre"> </div>could<div style="display:inline-block;width:5px;white-space:pre"> </div>differ </div><div id="a36600" style="position:absolute;font-family:'Arial';left:5px;top:90px;">materially<div style="display:inline-block;width:6px;white-space:pre"> </div>from<div style="display:inline-block;width:6px;white-space:pre"> </div>those<div style="display:inline-block;width:6px;white-space:pre"> </div>estimates.<div style="display:inline-block;width:6px;white-space:pre"> </div>Significant<div style="display:inline-block;width:6px;white-space:pre"> </div>items<div style="display:inline-block;width:6px;white-space:pre"> </div>subject<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>such<div style="display:inline-block;width:6px;white-space:pre"> </div>estimates<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>assumptions<div style="display:inline-block;width:6px;white-space:pre"> </div>include<div style="display:inline-block;width:6px;white-space:pre"> </div>asset </div><div id="a36603" style="position:absolute;font-family:'Arial';left:5px;top:105px;">retirement obligations; useful lives for depreci<div style="display:inline-block;width:1px;white-space:pre"> </div>ation, depletion and amortization; expected<div style="display:inline-block;width:5px;white-space:pre"> </div>credit losses; deferred </div><div id="a36607" style="position:absolute;font-family:'Arial';left:5px;top:121px;">income tax<div style="display:inline-block;width:6px;white-space:pre"> </div>assets and<div style="display:inline-block;width:6px;white-space:pre"> </div>liabilities; values<div style="display:inline-block;width:6px;white-space:pre"> </div>of coal<div style="display:inline-block;width:6px;white-space:pre"> </div>properties; goodwill;<div style="display:inline-block;width:6px;white-space:pre"> </div>workers’ compensation<div style="display:inline-block;width:6px;white-space:pre"> </div>liability; and<div style="display:inline-block;width:6px;white-space:pre"> </div>other </div><div id="a36614" style="position:absolute;font-family:'Arial';left:5px;top:136px;">contingencies.</div></div></div> <div id="TextBlockContainer2160" style="position:relative;line-height:normal;width:676px;height:294px;"><div id="TextContainer2160" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a36616" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(e)<div style="display:inline-block;width:8px;white-space:pre"> </div>Foreign Currency </div><div id="a36622" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:29px;">Financial Statements of Foreign Operations </div><div id="a36630" style="position:absolute;font-family:'Arial';left:5px;top:60px;">The reporting currency of the Company is the U.S. Dollar,<div style="display:inline-block;width:5px;white-space:pre"> </div>or US$. </div><div id="a36641" style="position:absolute;font-family:'Arial';left:5px;top:91px;">Functional<div style="display:inline-block;width:7px;white-space:pre"> </div>currency<div style="display:inline-block;width:7px;white-space:pre"> </div>is<div style="display:inline-block;width:7px;white-space:pre"> </div>determined<div style="display:inline-block;width:7px;white-space:pre"> </div>by<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>primary<div style="display:inline-block;width:7px;white-space:pre"> </div>economic<div style="display:inline-block;width:7px;white-space:pre"> </div>environment<div style="display:inline-block;width:7px;white-space:pre"> </div>in<div style="display:inline-block;width:6px;white-space:pre"> </div>which<div style="display:inline-block;width:7px;white-space:pre"> </div>an<div style="display:inline-block;width:7px;white-space:pre"> </div>entity<div style="display:inline-block;width:7px;white-space:pre"> </div>operates.<div style="display:inline-block;width:7px;white-space:pre"> </div>The </div><div id="a36642" style="position:absolute;font-family:'Arial';left:5px;top:107px;">functional currency of<div style="display:inline-block;width:6px;white-space:pre"> </div>the Company<div style="display:inline-block;width:5px;white-space:pre"> </div>and its subsidiaries<div style="display:inline-block;width:6px;white-space:pre"> </div>is the US$,<div style="display:inline-block;width:5px;white-space:pre"> </div>with the exception<div style="display:inline-block;width:6px;white-space:pre"> </div>of two foreign<div style="display:inline-block;width:5px;white-space:pre"> </div>operating </div><div id="a36647" style="position:absolute;font-family:'Arial';left:5px;top:122px;">subsidiaries, Coronado Curragh Pty Ltd, or Curragh, and its immediate<div style="display:inline-block;width:5px;white-space:pre"> </div>parent, Coronado Australia Holdings Pty </div><div id="a36659" style="position:absolute;font-family:'Arial';left:5px;top:137px;">Ltd, or CAH,<div style="display:inline-block;width:6px;white-space:pre"> </div>whose functional<div style="display:inline-block;width:5px;white-space:pre"> </div>currency is<div style="display:inline-block;width:5px;white-space:pre"> </div>the Australian<div style="display:inline-block;width:5px;white-space:pre"> </div>dollar,<div style="display:inline-block;width:5px;white-space:pre"> </div>or A$, since<div style="display:inline-block;width:6px;white-space:pre"> </div>Curragh’s predominant<div style="display:inline-block;width:6px;white-space:pre"> </div>sources of </div><div id="a36671" style="position:absolute;font-family:'Arial';left:5px;top:153px;">operating expenses are denominated in that currency. </div><div id="a36673" style="position:absolute;font-family:'Arial';left:5px;top:184px;">Assets and liabilities<div style="display:inline-block;width:5px;white-space:pre"> </div>are translated at<div style="display:inline-block;width:5px;white-space:pre"> </div>the year-end exchange<div style="display:inline-block;width:5px;white-space:pre"> </div>rate and items<div style="display:inline-block;width:5px;white-space:pre"> </div>in the statement<div style="display:inline-block;width:5px;white-space:pre"> </div>of operations are </div><div id="a36676" style="position:absolute;font-family:'Arial';left:5px;top:199px;">translated at average rates with gains and losses from<div style="display:inline-block;width:5px;white-space:pre"> </div>translation recorded in other comprehensive losses. </div><div id="a36681" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:231px;">Foreign Currency Transactions </div><div id="a36683" style="position:absolute;font-family:'Arial';left:5px;top:262px;">Monetary<div style="display:inline-block;width:7px;white-space:pre"> </div>assets<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>liabilities<div style="display:inline-block;width:7px;white-space:pre"> </div>are<div style="display:inline-block;width:7px;white-space:pre"> </div>remeasured<div style="display:inline-block;width:7px;white-space:pre"> </div>at<div style="display:inline-block;width:7px;white-space:pre"> </div>year-end<div style="display:inline-block;width:7px;white-space:pre"> </div>exchange<div style="display:inline-block;width:7px;white-space:pre"> </div>rates<div style="display:inline-block;width:7px;white-space:pre"> </div>while<div style="display:inline-block;width:7px;white-space:pre"> </div>non-monetary<div style="display:inline-block;width:7px;white-space:pre"> </div>items<div style="display:inline-block;width:7px;white-space:pre"> </div>are </div><div id="a36688" style="position:absolute;font-family:'Arial';left:5px;top:277px;">remeasured at historical rates.<div style="display:inline-block;width:5px;white-space:pre"> </div></div></div></div><div id="TextBlockContainer2169" style="position:relative;line-height:normal;width:676px;height:233px;"><div id="TextContainer2169" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a36703" style="position:absolute;font-family:'Arial';left:5px;top:0px;">Gains and<div style="display:inline-block;width:6px;white-space:pre"> </div>losses<div style="display:inline-block;width:5px;white-space:pre"> </div>from foreign<div style="display:inline-block;width:6px;white-space:pre"> </div>currency<div style="display:inline-block;width:5px;white-space:pre"> </div>remeasurement<div style="display:inline-block;width:5px;white-space:pre"> </div>related<div style="display:inline-block;width:5px;white-space:pre"> </div>to Curragh’s<div style="display:inline-block;width:7px;white-space:pre"> </div>US$ receivables<div style="display:inline-block;width:7px;white-space:pre"> </div>are included<div style="display:inline-block;width:6px;white-space:pre"> </div>in </div><div id="a36708" style="position:absolute;font-family:'Arial';left:5px;top:15px;">coal revenues.<div style="display:inline-block;width:6px;white-space:pre"> </div>All other<div style="display:inline-block;width:6px;white-space:pre"> </div>gains<div style="display:inline-block;width:5px;white-space:pre"> </div>and losses<div style="display:inline-block;width:6px;white-space:pre"> </div>from foreign<div style="display:inline-block;width:6px;white-space:pre"> </div>currency<div style="display:inline-block;width:5px;white-space:pre"> </div>remeasurement<div style="display:inline-block;width:5px;white-space:pre"> </div>and foreign<div style="display:inline-block;width:6px;white-space:pre"> </div>currency<div style="display:inline-block;width:5px;white-space:pre"> </div>forward </div><div id="a36710" style="position:absolute;font-family:'Arial';left:5px;top:31px;">contracts<div style="display:inline-block;width:6px;white-space:pre"> </div>are<div style="display:inline-block;width:6px;white-space:pre"> </div>included<div style="display:inline-block;width:7px;white-space:pre"> </div>in<div style="display:inline-block;width:6px;white-space:pre"> </div>“Other,<div style="display:inline-block;width:7px;white-space:pre"> </div>net,”<div style="display:inline-block;width:6px;white-space:pre"> </div>with<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>exception<div style="display:inline-block;width:7px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>foreign<div style="display:inline-block;width:6px;white-space:pre"> </div>currency<div style="display:inline-block;width:7px;white-space:pre"> </div>gains<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:6px;white-space:pre"> </div>losses<div style="display:inline-block;width:6px;white-space:pre"> </div>on<div style="display:inline-block;width:7px;white-space:pre"> </div>long-term </div><div id="a36725" style="position:absolute;font-family:'Arial';left:5px;top:46px;">intercompany loan balances which are classified within “Accumulated<div style="display:inline-block;width:5px;white-space:pre"> </div>other comprehensive losses.”<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a36732" style="position:absolute;font-family:'Arial';left:5px;top:77px;">The<div style="display:inline-block;width:5px;white-space:pre"> </div>Company<div style="display:inline-block;width:6px;white-space:pre"> </div>may<div style="display:inline-block;width:5px;white-space:pre"> </div>periodically<div style="display:inline-block;width:5px;white-space:pre"> </div>enter<div style="display:inline-block;width:5px;white-space:pre"> </div>into<div style="display:inline-block;width:5px;white-space:pre"> </div>arrangements<div style="display:inline-block;width:6px;white-space:pre"> </div>that<div style="display:inline-block;width:5px;white-space:pre"> </div>protect<div style="display:inline-block;width:5px;white-space:pre"> </div>against<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>volatility<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>foreign<div style="display:inline-block;width:5px;white-space:pre"> </div>currency, </div><div id="a36733" style="position:absolute;font-family:'Arial';left:5px;top:93px;">including forward currency derivative contracts. Refer<div style="display:inline-block;width:5px;white-space:pre"> </div>to Note 21. “Derivatives and Fair<div style="display:inline-block;width:5px;white-space:pre"> </div>Value Measurement”<div style="display:inline-block;width:5px;white-space:pre"> </div>for </div><div id="a36736" style="position:absolute;font-family:'Arial';left:5px;top:108px;">further information.<div style="display:inline-block;width:4px;white-space:pre"> </div></div><div id="a36738" style="position:absolute;font-family:'Arial';left:5px;top:139px;">The total<div style="display:inline-block;width:6px;white-space:pre"> </div>aggregate impact<div style="display:inline-block;width:6px;white-space:pre"> </div>of foreign<div style="display:inline-block;width:6px;white-space:pre"> </div>currency transaction<div style="display:inline-block;width:6px;white-space:pre"> </div>gains or<div style="display:inline-block;width:6px;white-space:pre"> </div>losses on<div style="display:inline-block;width:6px;white-space:pre"> </div>the Consolidated<div style="display:inline-block;width:6px;white-space:pre"> </div>Statements of </div><div id="a36743" style="position:absolute;font-family:'Arial';left:5px;top:155px;">Operations and Comprehensive<div style="display:inline-block;width:5px;white-space:pre"> </div>Income was a<div style="display:inline-block;width:5px;white-space:pre"> </div>net loss of<div style="display:inline-block;width:5px;white-space:pre"> </div>$</div><div id="a36743_55_3" style="position:absolute;font-family:'Arial';left:358px;top:155px;">6.2</div><div id="a36743_58_23" style="position:absolute;font-family:'Arial';left:377px;top:155px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million, net gain<div style="display:inline-block;width:5px;white-space:pre"> </div>of $</div><div id="a36743_81_4" style="position:absolute;font-family:'Arial';left:501px;top:155px;">21.6</div><div id="a36743_85_25" style="position:absolute;font-family:'Arial';left:527px;top:155px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million and net<div style="display:inline-block;width:5px;white-space:pre"> </div>gain of </div><div id="a36764" style="position:absolute;font-family:'Arial';left:5px;top:170px;">$</div><div id="a36764_1_3" style="position:absolute;font-family:'Arial';left:12px;top:170px;">2.5</div><div id="a36764_4_105" style="position:absolute;font-family:'Arial';left:31px;top:170px;"><div style="display:inline-block;width:5px;white-space:pre"> </div>million for<div style="display:inline-block;width:6px;white-space:pre"> </div>the years<div style="display:inline-block;width:6px;white-space:pre"> </div>ended December<div style="display:inline-block;width:6px;white-space:pre"> </div>31, 2025,<div style="display:inline-block;width:6px;white-space:pre"> </div>2024 and<div style="display:inline-block;width:6px;white-space:pre"> </div>2023, respectively.<div style="display:inline-block;width:7px;white-space:pre"> </div>The total<div style="display:inline-block;width:5px;white-space:pre"> </div>impact of<div style="display:inline-block;width:6px;white-space:pre"> </div>foreign </div><div id="a36775" style="position:absolute;font-family:'Arial';left:5px;top:185px;">currency<div style="display:inline-block;width:6px;white-space:pre"> </div>transactions<div style="display:inline-block;width:6px;white-space:pre"> </div>related<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>US$<div style="display:inline-block;width:6px;white-space:pre"> </div>coal<div style="display:inline-block;width:6px;white-space:pre"> </div>sales<div style="display:inline-block;width:6px;white-space:pre"> </div>in<div style="display:inline-block;width:6px;white-space:pre"> </div>Australia<div style="display:inline-block;width:6px;white-space:pre"> </div>(included<div style="display:inline-block;width:6px;white-space:pre"> </div>in<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>total<div style="display:inline-block;width:6px;white-space:pre"> </div>above)<div style="display:inline-block;width:6px;white-space:pre"> </div>was<div style="display:inline-block;width:6px;white-space:pre"> </div>a<div style="display:inline-block;width:6px;white-space:pre"> </div>net<div style="display:inline-block;width:6px;white-space:pre"> </div>loss<div style="display:inline-block;width:6px;white-space:pre"> </div>of </div><div id="a36778" style="position:absolute;font-family:'Arial';left:5px;top:201px;">$</div><div id="a36778_1_3" style="position:absolute;font-family:'Arial';left:12px;top:201px;">8.8</div><div id="a36778_4_23" style="position:absolute;font-family:'Arial';left:31px;top:201px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million, net<div style="display:inline-block;width:5px;white-space:pre"> </div>gain of $</div><div id="a36778_27_3" style="position:absolute;font-family:'Arial';left:156px;top:201px;">8.4</div><div id="a36778_30_26" style="position:absolute;font-family:'Arial';left:174px;top:201px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million and<div style="display:inline-block;width:5px;white-space:pre"> </div>net loss<div style="display:inline-block;width:5px;white-space:pre"> </div>of $</div><div id="a36778_56_3" style="position:absolute;font-family:'Arial';left:321px;top:201px;">1.0</div><div id="a36778_59_53" style="position:absolute;font-family:'Arial';left:339px;top:201px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million for<div style="display:inline-block;width:5px;white-space:pre"> </div>the years<div style="display:inline-block;width:5px;white-space:pre"> </div>ended December<div style="display:inline-block;width:5px;white-space:pre"> </div>31, 2025,<div style="display:inline-block;width:5px;white-space:pre"> </div>2024 </div><div id="a36804" style="position:absolute;font-family:'Arial';left:5px;top:216px;">and 2023, respectively.</div></div></div> 6200000 21600000 2500000 -8800000 8400000 -1000000.0 <div id="TextBlockContainer2172" style="position:relative;line-height:normal;width:676px;height:123px;"><div id="TextContainer2172" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a36808" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(f)<div style="display:inline-block;width:11px;white-space:pre"> </div>Cash and Cash Equivalents</div><div id="a36818" style="position:absolute;font-family:'Arial';left:5px;top:29px;">Cash and<div style="display:inline-block;width:2px;white-space:pre"> </div>cash equivalents include<div style="display:inline-block;width:2px;white-space:pre"> </div>cash at<div style="display:inline-block;width:2px;white-space:pre"> </div>bank and<div style="display:inline-block;width:2px;white-space:pre"> </div>short-term, highly liquid<div style="display:inline-block;width:2px;white-space:pre"> </div>investments with<div style="display:inline-block;width:2px;white-space:pre"> </div>an original<div style="display:inline-block;width:2px;white-space:pre"> </div>maturity </div><div id="a36824" style="position:absolute;font-family:'Arial';left:5px;top:44px;">date of<div style="display:inline-block;width:6px;white-space:pre"> </div>three<div style="display:inline-block;width:5px;white-space:pre"> </div>months<div style="display:inline-block;width:5px;white-space:pre"> </div>or less.<div style="display:inline-block;width:7px;white-space:pre"> </div>The Company<div style="display:inline-block;width:6px;white-space:pre"> </div>had<div style="display:inline-block;width:5px;white-space:pre"> </div>$</div><div id="a36824_47_5" style="position:absolute;font-family:'Arial';left:309px;top:44px;">106.9</div><div id="a36824_52_14" style="position:absolute;font-family:'Arial';left:343px;top:44px;"><div style="display:inline-block;width:5px;white-space:pre"> </div>million<div style="display:inline-block;width:5px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>$</div><div id="a36824_66_5" style="position:absolute;font-family:'Arial';left:425px;top:44px;">221.4</div><div id="a36824_71_38" style="position:absolute;font-family:'Arial';left:458px;top:44px;"><div style="display:inline-block;width:5px;white-space:pre"> </div>million<div style="display:inline-block;width:5px;white-space:pre"> </div>of short-term,<div style="display:inline-block;width:7px;white-space:pre"> </div>highly<div style="display:inline-block;width:5px;white-space:pre"> </div>liquid </div><div id="a36841" style="position:absolute;font-family:'Arial';left:5px;top:59px;">investments classified as cash equivalents as of December<div style="display:inline-block;width:5px;white-space:pre"> </div>31, 2025 and 2024, respectively. </div><div id="a36850" style="position:absolute;font-family:'Arial';left:5px;top:91px;">“Cash<div style="display:inline-block;width:5px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>cash<div style="display:inline-block;width:5px;white-space:pre"> </div>equivalents,”<div style="display:inline-block;width:6px;white-space:pre"> </div>as disclosed<div style="display:inline-block;width:7px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>accompanying<div style="display:inline-block;width:5px;white-space:pre"> </div>Consolidated<div style="display:inline-block;width:6px;white-space:pre"> </div>Balance<div style="display:inline-block;width:5px;white-space:pre"> </div>Sheets,<div style="display:inline-block;width:5px;white-space:pre"> </div>includes<div style="display:inline-block;width:5px;white-space:pre"> </div>$</div><div id="a36850_101_3" style="position:absolute;font-family:'Arial';left:644px;top:91px;">0.3</div><div id="a36870" style="position:absolute;font-family:'Arial';left:5px;top:106px;">million of restricted cash at December 31, 2025 and<div style="display:inline-block;width:5px;white-space:pre"> </div>2024.</div></div></div> 106900000 221400000 300000 300000 <div id="TextBlockContainer2175" style="position:relative;line-height:normal;width:676px;height:317px;"><div id="TextContainer2175" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a36877" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(g)<div style="display:inline-block;width:7px;white-space:pre"> </div>Trade Accounts Receivables</div><div id="a36884" style="position:absolute;font-family:'Arial';left:5px;top:29px;">Trade<div style="display:inline-block;width:7px;white-space:pre"> </div>accounts<div style="display:inline-block;width:7px;white-space:pre"> </div>receivables<div style="display:inline-block;width:7px;white-space:pre"> </div>represent<div style="display:inline-block;width:6px;white-space:pre"> </div>customer<div style="display:inline-block;width:7px;white-space:pre"> </div>obligations<div style="display:inline-block;width:6px;white-space:pre"> </div>that<div style="display:inline-block;width:6px;white-space:pre"> </div>are<div style="display:inline-block;width:6px;white-space:pre"> </div>derived<div style="display:inline-block;width:6px;white-space:pre"> </div>from<div style="display:inline-block;width:6px;white-space:pre"> </div>revenue<div style="display:inline-block;width:6px;white-space:pre"> </div>recognized<div style="display:inline-block;width:7px;white-space:pre"> </div>from </div><div id="a36911" style="position:absolute;font-family:'Arial';left:5px;top:44px;">contracts with customers. The Company extends trade credit to its customers in the ordinary<div style="display:inline-block;width:5px;white-space:pre"> </div>course of business </div><div id="a36945" style="position:absolute;font-family:'Arial';left:5px;top:59px;">based on<div style="display:inline-block;width:5px;white-space:pre"> </div>an evaluation<div style="display:inline-block;width:5px;white-space:pre"> </div>of the<div style="display:inline-block;width:5px;white-space:pre"> </div>individual customer’s<div style="display:inline-block;width:5px;white-space:pre"> </div>financial condition.<div style="display:inline-block;width:6px;white-space:pre"> </div>Trade receivables<div style="display:inline-block;width:6px;white-space:pre"> </div>are initially<div style="display:inline-block;width:5px;white-space:pre"> </div>recorded </div><div id="a36976" style="position:absolute;font-family:'Arial';left:5px;top:75px;">at fair value and subsequently at amortized cost, less<div style="display:inline-block;width:5px;white-space:pre"> </div>any Expected Credit Losses, or ECL.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a37007" style="position:absolute;font-family:'Arial';left:5px;top:103px;">The Company<div style="display:inline-block;width:7px;white-space:pre"> </div>determines<div style="display:inline-block;width:5px;white-space:pre"> </div>ECL on<div style="display:inline-block;width:6px;white-space:pre"> </div>a forward<div style="display:inline-block;width:1px;white-space:pre"> </div>-looking<div style="display:inline-block;width:5px;white-space:pre"> </div>basis<div style="display:inline-block;width:5px;white-space:pre"> </div>for the<div style="display:inline-block;width:6px;white-space:pre"> </div>expected<div style="display:inline-block;width:5px;white-space:pre"> </div>lifetime<div style="display:inline-block;width:5px;white-space:pre"> </div>losses<div style="display:inline-block;width:5px;white-space:pre"> </div>on trade<div style="display:inline-block;width:6px;white-space:pre"> </div>accounts </div><div id="a37042" style="position:absolute;font-family:'Arial';left:5px;top:119px;">receivable.<div style="display:inline-block;width:5px;white-space:pre"> </div>The<div style="display:inline-block;width:5px;white-space:pre"> </div>amount<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>ECL<div style="display:inline-block;width:5px;white-space:pre"> </div>is updated<div style="display:inline-block;width:6px;white-space:pre"> </div>at each<div style="display:inline-block;width:6px;white-space:pre"> </div>reporting<div style="display:inline-block;width:5px;white-space:pre"> </div>date<div style="display:inline-block;width:5px;white-space:pre"> </div>to reflect<div style="display:inline-block;width:6px;white-space:pre"> </div>changes<div style="display:inline-block;width:5px;white-space:pre"> </div>in credit<div style="display:inline-block;width:6px;white-space:pre"> </div>risk<div style="display:inline-block;width:5px;white-space:pre"> </div>since initial </div><div id="a37081" style="position:absolute;font-family:'Arial';left:5px;top:134px;">recognition of the respective<div style="display:inline-block;width:5px;white-space:pre"> </div>financial instrument. The<div style="display:inline-block;width:5px;white-space:pre"> </div>ECL is estimated based<div style="display:inline-block;width:5px;white-space:pre"> </div>on the Company’s<div style="display:inline-block;width:5px;white-space:pre"> </div>historic credit </div><div id="a37113" style="position:absolute;font-family:'Arial';left:5px;top:149px;">loss experience, adjusted<div style="display:inline-block;width:2px;white-space:pre"> </div>for factors that<div style="display:inline-block;width:2px;white-space:pre"> </div>are specific to<div style="display:inline-block;width:2px;white-space:pre"> </div>the financial asset,<div style="display:inline-block;width:2px;white-space:pre"> </div>general economic conditions,<div style="display:inline-block;width:2px;white-space:pre"> </div>financial </div><div id="a37145" style="position:absolute;font-family:'Arial';left:5px;top:165px;">asset type, term and an assessment of both the current as well as forecast conditions, including expected timing </div><div id="a37182" style="position:absolute;font-family:'Arial';left:5px;top:180px;">of<div style="display:inline-block;width:6px;white-space:pre"> </div>collection,<div style="display:inline-block;width:6px;white-space:pre"> </div>at<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>reporting<div style="display:inline-block;width:6px;white-space:pre"> </div>date,<div style="display:inline-block;width:6px;white-space:pre"> </div>modified<div style="display:inline-block;width:6px;white-space:pre"> </div>for<div style="display:inline-block;width:6px;white-space:pre"> </div>credit<div style="display:inline-block;width:6px;white-space:pre"> </div>enhancements<div style="display:inline-block;width:6px;white-space:pre"> </div>such<div style="display:inline-block;width:6px;white-space:pre"> </div>as<div style="display:inline-block;width:6px;white-space:pre"> </div>letters<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>credit<div style="display:inline-block;width:6px;white-space:pre"> </div>obtained. </div><div id="a37214" style="position:absolute;font-family:'Arial';left:647px;top:180px;">To </div><div id="a37216" style="position:absolute;font-family:'Arial';left:5px;top:195px;">measure ECL,<div style="display:inline-block;width:6px;white-space:pre"> </div>trade receivables<div style="display:inline-block;width:6px;white-space:pre"> </div>have been<div style="display:inline-block;width:6px;white-space:pre"> </div>grouped<div style="display:inline-block;width:5px;white-space:pre"> </div>based on<div style="display:inline-block;width:6px;white-space:pre"> </div>shared credit<div style="display:inline-block;width:6px;white-space:pre"> </div>risk characteristics<div style="display:inline-block;width:6px;white-space:pre"> </div>and the<div style="display:inline-block;width:6px;white-space:pre"> </div>days </div><div id="a37248" style="position:absolute;font-family:'Arial';left:5px;top:211px;">past due.<div style="display:inline-block;width:4px;white-space:pre"> </div></div><div id="a37253" style="position:absolute;font-family:'Arial';left:5px;top:239px;">The<div style="display:inline-block;width:6px;white-space:pre"> </div>amount<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>credit<div style="display:inline-block;width:6px;white-space:pre"> </div>loss<div style="display:inline-block;width:6px;white-space:pre"> </div>is<div style="display:inline-block;width:6px;white-space:pre"> </div>recognized<div style="display:inline-block;width:6px;white-space:pre"> </div>in<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Consolidated<div style="display:inline-block;width:6px;white-space:pre"> </div>Statements<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>Operations<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>Comprehensive </div><div id="a37288" style="position:absolute;font-family:'Arial';left:5px;top:255px;">Income within “Provision for discounting and credit losses.” The Company writes off a financial asset when there </div><div id="a37327" style="position:absolute;font-family:'Arial';left:5px;top:270px;">is information indicating there is no realistic prospect of recovery of the asset from the counterparty. Subsequent </div><div id="a37361" style="position:absolute;font-family:'Arial';left:5px;top:285px;">recoveries of amounts<div style="display:inline-block;width:5px;white-space:pre"> </div>previously written off<div style="display:inline-block;width:5px;white-space:pre"> </div>are credited against “Provision<div style="display:inline-block;width:6px;white-space:pre"> </div>for discounting and<div style="display:inline-block;width:5px;white-space:pre"> </div>credit losses” in </div><div id="a37396" style="position:absolute;font-family:'Arial';left:5px;top:301px;">the Consolidated Statements of Operations and Comprehensive<div style="display:inline-block;width:5px;white-space:pre"> </div>Income.</div></div></div> <div id="TextBlockContainer2178" style="position:relative;line-height:normal;width:676px;height:256px;"><div id="TextContainer2178" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a37419" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(h)<div style="display:inline-block;width:7px;white-space:pre"> </div>Inventories</div><div id="a37425" style="position:absolute;font-family:'Arial';left:5px;top:29px;">Coal is recorded<div style="display:inline-block;width:5px;white-space:pre"> </div>as inventory at the<div style="display:inline-block;width:6px;white-space:pre"> </div>point in time<div style="display:inline-block;width:5px;white-space:pre"> </div>the coal is<div style="display:inline-block;width:5px;white-space:pre"> </div>extracted from the<div style="display:inline-block;width:5px;white-space:pre"> </div>mine. Raw coal<div style="display:inline-block;width:5px;white-space:pre"> </div>represents coal </div><div id="a37426" style="position:absolute;font-family:'Arial';left:5px;top:44px;">stockpiles that<div style="display:inline-block;width:6px;white-space:pre"> </div>may be<div style="display:inline-block;width:6px;white-space:pre"> </div>sold in<div style="display:inline-block;width:6px;white-space:pre"> </div>current condition<div style="display:inline-block;width:6px;white-space:pre"> </div>or may<div style="display:inline-block;width:6px;white-space:pre"> </div>be further<div style="display:inline-block;width:6px;white-space:pre"> </div>processed prior<div style="display:inline-block;width:6px;white-space:pre"> </div>to shipment<div style="display:inline-block;width:6px;white-space:pre"> </div>to a<div style="display:inline-block;width:6px;white-space:pre"> </div>customer. </div><div id="a37427" style="position:absolute;font-family:'Arial';left:5px;top:59px;">Saleable coal represents coal stockpiles which require<div style="display:inline-block;width:5px;white-space:pre"> </div>no further processing prior to shipment to a customer. </div><div id="a37430" style="position:absolute;font-family:'Arial';left:5px;top:88px;">Coal inventories are stated<div style="display:inline-block;width:5px;white-space:pre"> </div>at the lower of average<div style="display:inline-block;width:5px;white-space:pre"> </div>cost and net realizable<div style="display:inline-block;width:5px;white-space:pre"> </div>value. The cost of coal<div style="display:inline-block;width:5px;white-space:pre"> </div>inventories is </div><div id="a37431" style="position:absolute;font-family:'Arial';left:5px;top:103px;">determined based<div style="display:inline-block;width:5px;white-space:pre"> </div>on an<div style="display:inline-block;width:5px;white-space:pre"> </div>average cost<div style="display:inline-block;width:5px;white-space:pre"> </div>of production,<div style="display:inline-block;width:5px;white-space:pre"> </div>which includes<div style="display:inline-block;width:5px;white-space:pre"> </div>all costs<div style="display:inline-block;width:5px;white-space:pre"> </div>incurred to<div style="display:inline-block;width:5px;white-space:pre"> </div>extract, transport<div style="display:inline-block;width:5px;white-space:pre"> </div>and </div><div id="a37432" style="position:absolute;font-family:'Arial';left:5px;top:119px;">process<div style="display:inline-block;width:5px;white-space:pre"> </div>the coal.<div style="display:inline-block;width:6px;white-space:pre"> </div>Net<div style="display:inline-block;width:5px;white-space:pre"> </div>realizable<div style="display:inline-block;width:5px;white-space:pre"> </div>value<div style="display:inline-block;width:5px;white-space:pre"> </div>considers<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>estimated<div style="display:inline-block;width:5px;white-space:pre"> </div>sales<div style="display:inline-block;width:5px;white-space:pre"> </div>price<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>particular<div style="display:inline-block;width:5px;white-space:pre"> </div>coal<div style="display:inline-block;width:5px;white-space:pre"> </div>product,<div style="display:inline-block;width:5px;white-space:pre"> </div>less </div><div id="a37434" style="position:absolute;font-family:'Arial';left:5px;top:134px;">applicable selling costs,<div style="display:inline-block;width:5px;white-space:pre"> </div>depending on the<div style="display:inline-block;width:5px;white-space:pre"> </div>location of the coal<div style="display:inline-block;width:5px;white-space:pre"> </div>stockpile, and, in the<div style="display:inline-block;width:6px;white-space:pre"> </div>case of raw coal,<div style="display:inline-block;width:5px;white-space:pre"> </div>estimated </div><div id="a37437" style="position:absolute;font-family:'Arial';left:5px;top:149px;">remaining processing costs. </div><div id="a37439" style="position:absolute;font-family:'Arial';left:5px;top:178px;">Supplies<div style="display:inline-block;width:7px;white-space:pre"> </div>inventory<div style="display:inline-block;width:7px;white-space:pre"> </div>is<div style="display:inline-block;width:7px;white-space:pre"> </div>comprised<div style="display:inline-block;width:7px;white-space:pre"> </div>of<div style="display:inline-block;width:7px;white-space:pre"> </div>replacement<div style="display:inline-block;width:8px;white-space:pre"> </div>parts<div style="display:inline-block;width:7px;white-space:pre"> </div>for<div style="display:inline-block;width:7px;white-space:pre"> </div>operational<div style="display:inline-block;width:7px;white-space:pre"> </div>equipment<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>other<div style="display:inline-block;width:7px;white-space:pre"> </div>miscellaneous </div><div id="a37440" style="position:absolute;font-family:'Arial';left:5px;top:193px;">materials and supplies required for<div style="display:inline-block;width:5px;white-space:pre"> </div>mining, which are stated at cost<div style="display:inline-block;width:5px;white-space:pre"> </div>on the date of purchase.<div style="display:inline-block;width:5px;white-space:pre"> </div>Supplies inventory </div><div id="a37444" style="position:absolute;font-family:'Arial';left:5px;top:209px;">is valued at<div style="display:inline-block;width:5px;white-space:pre"> </div>the lower of<div style="display:inline-block;width:5px;white-space:pre"> </div>average cost or<div style="display:inline-block;width:5px;white-space:pre"> </div>net realizable<div style="display:inline-block;width:5px;white-space:pre"> </div>value, less a<div style="display:inline-block;width:5px;white-space:pre"> </div>reserve for obsolete<div style="display:inline-block;width:6px;white-space:pre"> </div>or surplus items.<div style="display:inline-block;width:5px;white-space:pre"> </div>This </div><div id="a37445" style="position:absolute;font-family:'Arial';left:5px;top:224px;">reserve incorporates several factors, such as anticipated usage, inventory turnover and inventory levels. It is not </div><div id="a37447" style="position:absolute;font-family:'Arial';left:5px;top:239px;">customary to sell these inventories; the Company plans<div style="display:inline-block;width:5px;white-space:pre"> </div>to use them in mining operations as needed.</div></div></div> <div id="TextBlockContainer2187" style="position:relative;line-height:normal;width:676px;height:809px;"><div id="TextContainer2187" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a37463" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(i)<div style="display:inline-block;width:11px;white-space:pre"> </div>Property, Plant and<div style="display:inline-block;width:5px;white-space:pre"> </div>Equipment, Impairment of Long-Lived Assets and Goodwill</div><div id="a37471" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:29px;">Property, Plant, and<div style="display:inline-block;width:5px;white-space:pre"> </div>Equipment </div><div id="a37473" style="position:absolute;font-family:'Arial';left:5px;top:57px;">Costs for mine development incurred to<div style="display:inline-block;width:2px;white-space:pre"> </div>expand capacity of operating mines or to<div style="display:inline-block;width:2px;white-space:pre"> </div>develop new mines and certain </div><div id="a37475" style="position:absolute;font-family:'Arial';left:5px;top:73px;">mining equipment are capitalized and charged to operations on the<div style="display:inline-block;width:2px;white-space:pre"> </div>hours of usage or units of production method </div><div id="a37479" style="position:absolute;font-family:'Arial';left:5px;top:88px;">over<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>estimated<div style="display:inline-block;width:6px;white-space:pre"> </div>proven<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>probable<div style="display:inline-block;width:6px;white-space:pre"> </div>reserve<div style="display:inline-block;width:6px;white-space:pre"> </div>tons<div style="display:inline-block;width:6px;white-space:pre"> </div>directly<div style="display:inline-block;width:6px;white-space:pre"> </div>benefiting<div style="display:inline-block;width:6px;white-space:pre"> </div>from<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>capital<div style="display:inline-block;width:6px;white-space:pre"> </div>expenditures.<div style="display:inline-block;width:6px;white-space:pre"> </div>Mine </div><div id="a37480" style="position:absolute;font-family:'Arial';left:5px;top:103px;">development<div style="display:inline-block;width:8px;white-space:pre"> </div>costs<div style="display:inline-block;width:8px;white-space:pre"> </div>include<div style="display:inline-block;width:8px;white-space:pre"> </div>costs<div style="display:inline-block;width:8px;white-space:pre"> </div>incurred<div style="display:inline-block;width:8px;white-space:pre"> </div>for<div style="display:inline-block;width:8px;white-space:pre"> </div>site<div style="display:inline-block;width:8px;white-space:pre"> </div>preparation<div style="display:inline-block;width:8px;white-space:pre"> </div>and<div style="display:inline-block;width:8px;white-space:pre"> </div>development<div style="display:inline-block;width:8px;white-space:pre"> </div>of<div style="display:inline-block;width:8px;white-space:pre"> </div>the<div style="display:inline-block;width:8px;white-space:pre"> </div>mines<div style="display:inline-block;width:8px;white-space:pre"> </div>during<div style="display:inline-block;width:8px;white-space:pre"> </div>the </div><div id="a37481" style="position:absolute;font-family:'Arial';left:5px;top:119px;">development stage.<div style="display:inline-block;width:5px;white-space:pre"> </div>Mineral rights and<div style="display:inline-block;width:5px;white-space:pre"> </div>reserves acquired are<div style="display:inline-block;width:6px;white-space:pre"> </div>measured at cost<div style="display:inline-block;width:5px;white-space:pre"> </div>and are depleted<div style="display:inline-block;width:6px;white-space:pre"> </div>on a units-of-</div><div id="a37487" style="position:absolute;font-family:'Arial';left:5px;top:134px;">production<div style="display:inline-block;width:7px;white-space:pre"> </div>method<div style="display:inline-block;width:7px;white-space:pre"> </div>over<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>estimated<div style="display:inline-block;width:7px;white-space:pre"> </div>proven<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>probable<div style="display:inline-block;width:7px;white-space:pre"> </div>reserve<div style="display:inline-block;width:7px;white-space:pre"> </div>tons<div style="display:inline-block;width:7px;white-space:pre"> </div>of<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>relevant<div style="display:inline-block;width:7px;white-space:pre"> </div>mineral<div style="display:inline-block;width:7px;white-space:pre"> </div>property. </div><div id="a37488" style="position:absolute;font-family:'Arial';left:5px;top:149px;">Capitalized costs related to internal-use software are amortized<div style="display:inline-block;width:2px;white-space:pre"> </div>on a straight-line basis over the estimated useful </div><div id="a37494" style="position:absolute;font-family:'Arial';left:5px;top:165px;">lives of the assets. </div><div id="a37496" style="position:absolute;font-family:'Arial';left:5px;top:193px;">Property,<div style="display:inline-block;width:7px;white-space:pre"> </div>plant,<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>equipment<div style="display:inline-block;width:6px;white-space:pre"> </div>are<div style="display:inline-block;width:6px;white-space:pre"> </div>recorded<div style="display:inline-block;width:6px;white-space:pre"> </div>at<div style="display:inline-block;width:6px;white-space:pre"> </div>cost<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>include<div style="display:inline-block;width:6px;white-space:pre"> </div>expenditures<div style="display:inline-block;width:6px;white-space:pre"> </div>for<div style="display:inline-block;width:6px;white-space:pre"> </div>improvements<div style="display:inline-block;width:6px;white-space:pre"> </div>when<div style="display:inline-block;width:6px;white-space:pre"> </div>they </div><div id="a37497" style="position:absolute;font-family:'Arial';left:5px;top:209px;">substantially<div style="display:inline-block;width:5px;white-space:pre"> </div>increase<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>productive<div style="display:inline-block;width:5px;white-space:pre"> </div>lives<div style="display:inline-block;width:5px;white-space:pre"> </div>of existing<div style="display:inline-block;width:7px;white-space:pre"> </div>assets.<div style="display:inline-block;width:5px;white-space:pre"> </div>Depreciation<div style="display:inline-block;width:5px;white-space:pre"> </div>is calculated<div style="display:inline-block;width:6px;white-space:pre"> </div>using<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>straight-line </div><div id="a37500" style="position:absolute;font-family:'Arial';left:5px;top:224px;">method over<div style="display:inline-block;width:2px;white-space:pre"> </div>the estimated<div style="display:inline-block;width:2px;white-space:pre"> </div>useful lives<div style="display:inline-block;width:2px;white-space:pre"> </div>of the<div style="display:inline-block;width:2px;white-space:pre"> </div>depreciable assets of </div><div id="a37500_68_1" style="position:absolute;font-family:'Arial';left:393px;top:224px;">3</div><div id="a37500_69_4" style="position:absolute;font-family:'Arial';left:401px;top:224px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>to </div><div id="a37500_73_2" style="position:absolute;font-family:'Arial';left:418px;top:224px;">10</div><div id="a37500_75_39" style="position:absolute;font-family:'Arial';left:433px;top:224px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>years for machinery, mining<div style="display:inline-block;width:2px;white-space:pre"> </div>equipment </div><div id="a37504" style="position:absolute;font-family:'Arial';left:5px;top:239px;">and<div style="display:inline-block;width:6px;white-space:pre"> </div>transportation<div style="display:inline-block;width:6px;white-space:pre"> </div>vehicles, </div><div id="a37504_29_1" style="position:absolute;font-family:'Arial';left:179px;top:239px;">5</div><div id="a37504_30_4" style="position:absolute;font-family:'Arial';left:186px;top:239px;"><div style="display:inline-block;width:6px;white-space:pre"> </div>to </div><div id="a37504_34_2" style="position:absolute;font-family:'Arial';left:209px;top:239px;">10</div><div id="a37504_36_33" style="position:absolute;font-family:'Arial';left:224px;top:239px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>years<div style="display:inline-block;width:6px;white-space:pre"> </div>for<div style="display:inline-block;width:6px;white-space:pre"> </div>office<div style="display:inline-block;width:6px;white-space:pre"> </div>equipment,<div style="display:inline-block;width:6px;white-space:pre"> </div>and </div><div id="a37504_69_2" style="position:absolute;font-family:'Arial';left:426px;top:239px;">10</div><div id="a37504_71_4" style="position:absolute;font-family:'Arial';left:441px;top:239px;"><div style="display:inline-block;width:6px;white-space:pre"> </div>to </div><div id="a37504_75_2" style="position:absolute;font-family:'Arial';left:464px;top:239px;">20</div><div id="a37504_77_32" style="position:absolute;font-family:'Arial';left:479px;top:239px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>years<div style="display:inline-block;width:6px;white-space:pre"> </div>for<div style="display:inline-block;width:6px;white-space:pre"> </div>plant,<div style="display:inline-block;width:6px;white-space:pre"> </div>buildings<div style="display:inline-block;width:6px;white-space:pre"> </div>and </div><div id="a37509" style="position:absolute;font-family:'Arial';left:5px;top:255px;">improvements. </div><div id="a37511" style="position:absolute;font-family:'Arial';left:5px;top:283px;">Maintenance and<div style="display:inline-block;width:5px;white-space:pre"> </div>repair costs<div style="display:inline-block;width:5px;white-space:pre"> </div>are expensed to<div style="display:inline-block;width:6px;white-space:pre"> </div>operations as<div style="display:inline-block;width:5px;white-space:pre"> </div>incurred. When<div style="display:inline-block;width:5px;white-space:pre"> </div>equipment is<div style="display:inline-block;width:5px;white-space:pre"> </div>retired or<div style="display:inline-block;width:5px;white-space:pre"> </div>disposed, </div><div id="a37512" style="position:absolute;font-family:'Arial';left:5px;top:299px;">the related cost<div style="display:inline-block;width:6px;white-space:pre"> </div>and accumulated<div style="display:inline-block;width:5px;white-space:pre"> </div>depreciation are<div style="display:inline-block;width:5px;white-space:pre"> </div>removed from<div style="display:inline-block;width:5px;white-space:pre"> </div>the respective<div style="display:inline-block;width:5px;white-space:pre"> </div>accounts and any<div style="display:inline-block;width:6px;white-space:pre"> </div>gain or loss </div><div id="a37513" style="position:absolute;font-family:'Arial';left:5px;top:314px;">on disposal is recognized in operations. </div><div id="a37515" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:343px;">Impairment of long-lived assets </div><div id="a37519" style="position:absolute;font-family:'Arial';left:5px;top:371px;">Long-lived<div style="display:inline-block;width:8px;white-space:pre"> </div>assets,<div style="display:inline-block;width:8px;white-space:pre"> </div>such<div style="display:inline-block;width:8px;white-space:pre"> </div>as<div style="display:inline-block;width:8px;white-space:pre"> </div>property,<div style="display:inline-block;width:9px;white-space:pre"> </div>plant,<div style="display:inline-block;width:8px;white-space:pre"> </div>and<div style="display:inline-block;width:8px;white-space:pre"> </div>equipment,<div style="display:inline-block;width:8px;white-space:pre"> </div>and<div style="display:inline-block;width:8px;white-space:pre"> </div>purchased<div style="display:inline-block;width:8px;white-space:pre"> </div>intangible<div style="display:inline-block;width:8px;white-space:pre"> </div>assets<div style="display:inline-block;width:8px;white-space:pre"> </div>subject<div style="display:inline-block;width:8px;white-space:pre"> </div>to </div><div id="a37522" style="position:absolute;font-family:'Arial';left:5px;top:387px;">amortization,<div style="display:inline-block;width:7px;white-space:pre"> </div>are<div style="display:inline-block;width:7px;white-space:pre"> </div>reviewed<div style="display:inline-block;width:7px;white-space:pre"> </div>for<div style="display:inline-block;width:7px;white-space:pre"> </div>impairment<div style="display:inline-block;width:7px;white-space:pre"> </div>whenever<div style="display:inline-block;width:7px;white-space:pre"> </div>events<div style="display:inline-block;width:7px;white-space:pre"> </div>or<div style="display:inline-block;width:7px;white-space:pre"> </div>changes<div style="display:inline-block;width:7px;white-space:pre"> </div>in<div style="display:inline-block;width:6px;white-space:pre"> </div>circumstances<div style="display:inline-block;width:7px;white-space:pre"> </div>indicate<div style="display:inline-block;width:7px;white-space:pre"> </div>that<div style="display:inline-block;width:7px;white-space:pre"> </div>the </div><div id="a37523" style="position:absolute;font-family:'Arial';left:5px;top:402px;">carrying amount of an<div style="display:inline-block;width:5px;white-space:pre"> </div>asset may not be<div style="display:inline-block;width:5px;white-space:pre"> </div>recoverable.<div style="display:inline-block;width:4px;white-space:pre"> </div>If circumstances require<div style="display:inline-block;width:5px;white-space:pre"> </div>a long-lived asset or<div style="display:inline-block;width:5px;white-space:pre"> </div>asset group </div><div id="a37527" style="position:absolute;font-family:'Arial';left:5px;top:417px;">be<div style="display:inline-block;width:7px;white-space:pre"> </div>tested<div style="display:inline-block;width:7px;white-space:pre"> </div>for<div style="display:inline-block;width:7px;white-space:pre"> </div>possible<div style="display:inline-block;width:7px;white-space:pre"> </div>impairment,<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>Company<div style="display:inline-block;width:7px;white-space:pre"> </div>first<div style="display:inline-block;width:7px;white-space:pre"> </div>compares<div style="display:inline-block;width:7px;white-space:pre"> </div>undiscounted<div style="display:inline-block;width:8px;white-space:pre"> </div>cash<div style="display:inline-block;width:7px;white-space:pre"> </div>flows<div style="display:inline-block;width:7px;white-space:pre"> </div>expected<div style="display:inline-block;width:7px;white-space:pre"> </div>to<div style="display:inline-block;width:7px;white-space:pre"> </div>be </div><div id="a37528" style="position:absolute;font-family:'Arial';left:5px;top:433px;">generated by<div style="display:inline-block;width:5px;white-space:pre"> </div>that asset<div style="display:inline-block;width:5px;white-space:pre"> </div>or asset<div style="display:inline-block;width:5px;white-space:pre"> </div>group to<div style="display:inline-block;width:5px;white-space:pre"> </div>its carrying<div style="display:inline-block;width:5px;white-space:pre"> </div>amount. If<div style="display:inline-block;width:5px;white-space:pre"> </div>the carrying<div style="display:inline-block;width:5px;white-space:pre"> </div>amount of<div style="display:inline-block;width:5px;white-space:pre"> </div>the long-lived<div style="display:inline-block;width:5px;white-space:pre"> </div>asset or </div><div id="a37537" style="position:absolute;font-family:'Arial';left:5px;top:448px;">asset group<div style="display:inline-block;width:5px;white-space:pre"> </div>is not<div style="display:inline-block;width:5px;white-space:pre"> </div>recoverable on<div style="display:inline-block;width:6px;white-space:pre"> </div>an undiscounted<div style="display:inline-block;width:6px;white-space:pre"> </div>cash flow<div style="display:inline-block;width:6px;white-space:pre"> </div>basis, an<div style="display:inline-block;width:6px;white-space:pre"> </div>impairment is<div style="display:inline-block;width:6px;white-space:pre"> </div>recognized to<div style="display:inline-block;width:6px;white-space:pre"> </div>the extent </div><div id="a37538" style="position:absolute;font-family:'Arial';left:5px;top:463px;">that the<div style="display:inline-block;width:6px;white-space:pre"> </div>carrying amount<div style="display:inline-block;width:6px;white-space:pre"> </div>exceeds its<div style="display:inline-block;width:6px;white-space:pre"> </div>fair value.<div style="display:inline-block;width:6px;white-space:pre"> </div>Fair value<div style="display:inline-block;width:6px;white-space:pre"> </div>is determined<div style="display:inline-block;width:6px;white-space:pre"> </div>through<div style="display:inline-block;width:5px;white-space:pre"> </div>various valuation<div style="display:inline-block;width:6px;white-space:pre"> </div>techniques </div><div id="a37542" style="position:absolute;font-family:'Arial';left:5px;top:479px;">including<div style="display:inline-block;width:7px;white-space:pre"> </div>discounted<div style="display:inline-block;width:7px;white-space:pre"> </div>cash<div style="display:inline-block;width:7px;white-space:pre"> </div>flow<div style="display:inline-block;width:7px;white-space:pre"> </div>models,<div style="display:inline-block;width:7px;white-space:pre"> </div>quoted<div style="display:inline-block;width:8px;white-space:pre"> </div>market<div style="display:inline-block;width:7px;white-space:pre"> </div>values<div style="display:inline-block;width:8px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>third-party<div style="display:inline-block;width:8px;white-space:pre"> </div>independent<div style="display:inline-block;width:8px;white-space:pre"> </div>appraisals,<div style="display:inline-block;width:8px;white-space:pre"> </div>as </div><div id="a37545" style="position:absolute;font-family:'Arial';left:5px;top:494px;">considered necessary.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a37548" style="position:absolute;font-family:'Arial';left:5px;top:523px;">In circumstances in which the Company intends to sell a long-lived<div style="display:inline-block;width:5px;white-space:pre"> </div>or asset group that did not satisfy the criteria </div><div id="a37556" style="position:absolute;font-family:'Arial';left:5px;top:538px;">to be<div style="display:inline-block;width:5px;white-space:pre"> </div>classified as<div style="display:inline-block;width:6px;white-space:pre"> </div>“held-for-sale,” an<div style="display:inline-block;width:6px;white-space:pre"> </div>impairment charge<div style="display:inline-block;width:6px;white-space:pre"> </div>is recorded<div style="display:inline-block;width:6px;white-space:pre"> </div>when the<div style="display:inline-block;width:5px;white-space:pre"> </div>carrying amount<div style="display:inline-block;width:6px;white-space:pre"> </div>of the<div style="display:inline-block;width:5px;white-space:pre"> </div>disposal </div><div id="a37566" style="position:absolute;font-family:'Arial';left:5px;top:553px;">group exceeds its estimated fair value, less costs to sell. </div><div id="a37568" style="position:absolute;font-family:'Arial';left:5px;top:582px;">The Company recognized<div style="display:inline-block;width:5px;white-space:pre"> </div>an impairment charge of<div style="display:inline-block;width:5px;white-space:pre"> </div>$</div><div id="a37568_48_4" style="position:absolute;font-family:'Arial';left:318px;top:582px;">10.6</div><div id="a37568_52_56" style="position:absolute;font-family:'Arial';left:344px;top:582px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million against property,<div style="display:inline-block;width:6px;white-space:pre"> </div>plant and equipment relating </div><div id="a37569" style="position:absolute;font-family:'Arial';left:5px;top:597px;">to a<div style="display:inline-block;width:6px;white-space:pre"> </div>long-standing<div style="display:inline-block;width:5px;white-space:pre"> </div>non-core<div style="display:inline-block;width:5px;white-space:pre"> </div>idle<div style="display:inline-block;width:5px;white-space:pre"> </div>asset within<div style="display:inline-block;width:6px;white-space:pre"> </div>the U.S.<div style="display:inline-block;width:6px;white-space:pre"> </div>Operation<div style="display:inline-block;width:5px;white-space:pre"> </div>for the<div style="display:inline-block;width:6px;white-space:pre"> </div>year<div style="display:inline-block;width:5px;white-space:pre"> </div>ended<div style="display:inline-block;width:5px;white-space:pre"> </div>December<div style="display:inline-block;width:5px;white-space:pre"> </div>31, 2024.<div style="display:inline-block;width:6px;white-space:pre"> </div>The </div><div id="a37574" style="position:absolute;font-family:'Arial';left:5px;top:613px;">Company concluded<div style="display:inline-block;width:5px;white-space:pre"> </div>that </div><div id="a37574_23_2" style="position:absolute;font-family:'Arial';left:158px;top:613px;">no</div><div id="a37574_25_80" style="position:absolute;font-family:'Arial';left:173px;top:613px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>impairment charges<div style="display:inline-block;width:6px;white-space:pre"> </div>were required<div style="display:inline-block;width:5px;white-space:pre"> </div>at any<div style="display:inline-block;width:5px;white-space:pre"> </div>of the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company’s mining<div style="display:inline-block;width:6px;white-space:pre"> </div>assets for<div style="display:inline-block;width:5px;white-space:pre"> </div>the </div><div id="a37576" style="position:absolute;font-family:'Arial';left:5px;top:628px;">years ended December 31, 2025 and 2023.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a37578" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:657px;">Goodwill </div><div id="a37580" style="position:absolute;font-family:'Arial';left:5px;top:685px;">Goodwill is an asset<div style="display:inline-block;width:5px;white-space:pre"> </div>representing the future economic<div style="display:inline-block;width:6px;white-space:pre"> </div>benefits arising from other<div style="display:inline-block;width:5px;white-space:pre"> </div>assets acquired in a<div style="display:inline-block;width:5px;white-space:pre"> </div>business </div><div id="a37581" style="position:absolute;font-family:'Arial';left:5px;top:701px;">combination<div style="display:inline-block;width:6px;white-space:pre"> </div>that<div style="display:inline-block;width:6px;white-space:pre"> </div>are<div style="display:inline-block;width:6px;white-space:pre"> </div>not<div style="display:inline-block;width:6px;white-space:pre"> </div>individually<div style="display:inline-block;width:6px;white-space:pre"> </div>identified<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>separately<div style="display:inline-block;width:6px;white-space:pre"> </div>recognized.<div style="display:inline-block;width:6px;white-space:pre"> </div>In<div style="display:inline-block;width:6px;white-space:pre"> </div>connection<div style="display:inline-block;width:6px;white-space:pre"> </div>with<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Buchanan </div><div id="a37582" style="position:absolute;font-family:'Arial';left:5px;top:716px;">acquisition on<div style="display:inline-block;width:6px;white-space:pre"> </div>March 31,<div style="display:inline-block;width:5px;white-space:pre"> </div>2016, the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company recorded<div style="display:inline-block;width:6px;white-space:pre"> </div>goodwill in<div style="display:inline-block;width:6px;white-space:pre"> </div>the amount<div style="display:inline-block;width:6px;white-space:pre"> </div>of $</div><div id="a37582_79_4" style="position:absolute;font-family:'Arial';left:502px;top:716px;">28.0</div><div id="a37582_83_22" style="position:absolute;font-family:'Arial';left:528px;top:716px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million.<div style="display:inline-block;width:5px;white-space:pre"> </div>The Company </div><div id="a37589" style="position:absolute;font-family:'Arial';left:5px;top:731px;">performed a<div style="display:inline-block;width:5px;white-space:pre"> </div>qualitative assessment<div style="display:inline-block;width:6px;white-space:pre"> </div>to determine<div style="display:inline-block;width:6px;white-space:pre"> </div>if impairment<div style="display:inline-block;width:5px;white-space:pre"> </div>was required<div style="display:inline-block;width:6px;white-space:pre"> </div>at December 31,<div style="display:inline-block;width:6px;white-space:pre"> </div>2025 and<div style="display:inline-block;width:6px;white-space:pre"> </div>2024. </div><div id="a37597" style="position:absolute;font-family:'Arial';left:5px;top:747px;">Based upon the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company’s qualitative<div style="display:inline-block;width:6px;white-space:pre"> </div>assessment, it<div style="display:inline-block;width:5px;white-space:pre"> </div>is more likely<div style="display:inline-block;width:5px;white-space:pre"> </div>than not that<div style="display:inline-block;width:6px;white-space:pre"> </div>the fair value<div style="display:inline-block;width:5px;white-space:pre"> </div>of the reporting </div><div id="a37599" style="position:absolute;font-family:'Arial';left:5px;top:762px;">unit is greater<div style="display:inline-block;width:2px;white-space:pre"> </div>than its carrying amount<div style="display:inline-block;width:2px;white-space:pre"> </div>at December 31, 2025 and<div style="display:inline-block;width:2px;white-space:pre"> </div>2024. As a<div style="display:inline-block;width:2px;white-space:pre"> </div>result, </div><div id="a37599_85_2" style="position:absolute;font-family:'Arial';left:496px;top:762px;">no</div><div id="a37599_87_26" style="position:absolute;font-family:'Arial';left:511px;top:762px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>impairment was required, </div><div id="a37607" style="position:absolute;font-family:'Arial';left:5px;top:777px;">and the balance<div style="display:inline-block;width:2px;white-space:pre"> </div>of goodwill at<div style="display:inline-block;width:2px;white-space:pre"> </div>both December 31, 2025 and<div style="display:inline-block;width:2px;white-space:pre"> </div>2024 was $</div><div id="a37607_68_4" style="position:absolute;font-family:'Arial';left:422px;top:777px;">28.0</div><div id="a37607_72_36" style="position:absolute;font-family:'Arial';left:448px;top:777px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million. The Company has<div style="display:inline-block;width:2px;white-space:pre"> </div>not noted </div><div id="a37618" style="position:absolute;font-family:'Arial';left:5px;top:793px;">any indicators of impairment since the acquisition date.<div style="display:inline-block;width:5px;white-space:pre"> </div></div></div></div><div id="TextBlockContainer2193" style="position:relative;line-height:normal;width:676px;height:229px;"><div id="TextContainer2193" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a37634" style="position:absolute;font-family:'Arial';left:5px;top:0px;">Goodwill is not<div style="display:inline-block;width:2px;white-space:pre"> </div>amortized but is reviewed<div style="display:inline-block;width:2px;white-space:pre"> </div>for impairment annually or<div style="display:inline-block;width:2px;white-space:pre"> </div>when circumstances or other<div style="display:inline-block;width:2px;white-space:pre"> </div>events indicate </div><div id="a37635" style="position:absolute;font-family:'Arial';left:5px;top:15px;">that impairment may have occurred. The Company follows the<div style="display:inline-block;width:5px;white-space:pre"> </div>guidance in Accounting Standards Update 2017-</div><div id="a37637" style="position:absolute;font-family:'Arial';left:5px;top:31px;">04<div style="display:inline-block;width:7px;white-space:pre"> </div>- </div><div id="a37641" style="position:absolute;font-family:'Arial';font-style:italic;left:38px;top:31px;">Intangibles<div style="display:inline-block;width:7px;white-space:pre"> </div>–<div style="display:inline-block;width:7px;white-space:pre"> </div>Goodwill<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>Other:<div style="display:inline-block;width:7px;white-space:pre"> </div>Simplifying<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>Test<div style="display:inline-block;width:8px;white-space:pre"> </div>for<div style="display:inline-block;width:7px;white-space:pre"> </div>Goodwill<div style="display:inline-block;width:7px;white-space:pre"> </div>Impairment</div><div id="a37645" style="position:absolute;font-family:'Arial';left:533px;top:31px;"><div style="display:inline-block;width:7px;white-space:pre"> </div>(ASU 2017-04).<div style="display:inline-block;width:7px;white-space:pre"> </div>The </div><div id="a37651" style="position:absolute;font-family:'Arial';left:5px;top:46px;">Company makes a qualitative assessment of whether it is more<div style="display:inline-block;width:5px;white-space:pre"> </div>likely than not that a reporting unit’s fair value is </div><div id="a37652" style="position:absolute;font-family:'Arial';left:5px;top:61px;">less than its carrying<div style="display:inline-block;width:2px;white-space:pre"> </div>amount. Circumstances that are considered as<div style="display:inline-block;width:2px;white-space:pre"> </div>part of the qualitative assessment<div style="display:inline-block;width:2px;white-space:pre"> </div>and could </div><div id="a37654" style="position:absolute;font-family:'Arial';left:5px;top:77px;">trigger a quantitative impairment test include,<div style="display:inline-block;width:4px;white-space:pre"> </div>but are not limited to, a significant adverse change in the business </div><div id="a37661" style="position:absolute;font-family:'Arial';left:5px;top:92px;">climate; a significant<div style="display:inline-block;width:6px;white-space:pre"> </div>adverse legal<div style="display:inline-block;width:5px;white-space:pre"> </div>judgment; adverse<div style="display:inline-block;width:5px;white-space:pre"> </div>cash flow trends;<div style="display:inline-block;width:6px;white-space:pre"> </div>an adverse<div style="display:inline-block;width:5px;white-space:pre"> </div>action or assessment<div style="display:inline-block;width:6px;white-space:pre"> </div>by a </div><div id="a37662" style="position:absolute;font-family:'Arial';left:5px;top:107px;">government agency; unanticipated competition; and a significant restructuring<div style="display:inline-block;width:5px;white-space:pre"> </div>charge within a reporting unit. If a </div><div id="a37664" style="position:absolute;font-family:'Arial';left:5px;top:123px;">quantitative assessment is determined to be necessary, the Company compares the fair value of a reporting unit </div><div id="a37665" style="position:absolute;font-family:'Arial';left:5px;top:138px;">with its carrying<div style="display:inline-block;width:5px;white-space:pre"> </div>amount, including goodwill.<div style="display:inline-block;width:6px;white-space:pre"> </div>If the carrying<div style="display:inline-block;width:5px;white-space:pre"> </div>amount of a<div style="display:inline-block;width:5px;white-space:pre"> </div>reporting unit<div style="display:inline-block;width:5px;white-space:pre"> </div>exceeds its fair<div style="display:inline-block;width:5px;white-space:pre"> </div>value, the </div><div id="a37667" style="position:absolute;font-family:'Arial';left:5px;top:153px;">Company recognizes an<div style="display:inline-block;width:5px;white-space:pre"> </div>impairment charge for<div style="display:inline-block;width:5px;white-space:pre"> </div>the amount by which<div style="display:inline-block;width:5px;white-space:pre"> </div>the carrying amount<div style="display:inline-block;width:5px;white-space:pre"> </div>exceeds its fair<div style="display:inline-block;width:5px;white-space:pre"> </div>value </div><div id="a37668" style="position:absolute;font-family:'Arial';left:5px;top:169px;">to the extent of the amount of goodwill allocated to that<div style="display:inline-block;width:5px;white-space:pre"> </div>reporting unit. </div><div id="a37671" style="position:absolute;font-family:'Arial';left:5px;top:197px;">The Company defines reporting<div style="display:inline-block;width:5px;white-space:pre"> </div>units at the mining<div style="display:inline-block;width:5px;white-space:pre"> </div>asset level. For purposes<div style="display:inline-block;width:5px;white-space:pre"> </div>of testing goodwill for<div style="display:inline-block;width:5px;white-space:pre"> </div>impairment, </div><div id="a37674" style="position:absolute;font-family:'Arial';left:5px;top:213px;">goodwill has been allocated to the reporting units to the<div style="display:inline-block;width:5px;white-space:pre"> </div>extent it relates to each reporting unit.</div></div></div> P3Y P10Y P5Y P10Y P10Y P20Y 10600000 0 0 28000000.0 0 0 28000000.0 28000000.0 <div id="TextBlockContainer2196" style="position:relative;line-height:normal;width:676px;height:307px;"><div id="TextContainer2196" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a37676" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(j)<div style="display:inline-block;width:11px;white-space:pre"> </div>Asset Retirement Obligations </div><div id="a37682" style="position:absolute;font-family:'Arial';left:5px;top:29px;">The<div style="display:inline-block;width:6px;white-space:pre"> </div>Company’s<div style="display:inline-block;width:7px;white-space:pre"> </div>asset<div style="display:inline-block;width:6px;white-space:pre"> </div>retirement<div style="display:inline-block;width:7px;white-space:pre"> </div>obligation,<div style="display:inline-block;width:7px;white-space:pre"> </div>or<div style="display:inline-block;width:6px;white-space:pre"> </div>ARO,<div style="display:inline-block;width:6px;white-space:pre"> </div>liabilities<div style="display:inline-block;width:7px;white-space:pre"> </div>primarily<div style="display:inline-block;width:6px;white-space:pre"> </div>consist<div style="display:inline-block;width:7px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>estimates<div style="display:inline-block;width:7px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>cost<div style="display:inline-block;width:7px;white-space:pre"> </div>of </div><div id="a37690" style="position:absolute;font-family:'Arial';left:5px;top:44px;">reclamation<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>surface<div style="display:inline-block;width:5px;white-space:pre"> </div>land<div style="display:inline-block;width:5px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>support<div style="display:inline-block;width:5px;white-space:pre"> </div>facilities<div style="display:inline-block;width:5px;white-space:pre"> </div>at<div style="display:inline-block;width:5px;white-space:pre"> </div>both<div style="display:inline-block;width:5px;white-space:pre"> </div>surface<div style="display:inline-block;width:5px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>underground<div style="display:inline-block;width:6px;white-space:pre"> </div>mines<div style="display:inline-block;width:5px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>accordance<div style="display:inline-block;width:6px;white-space:pre"> </div>with </div><div id="a37692" style="position:absolute;font-family:'Arial';left:5px;top:59px;">applicable reclamation laws and regulations in the U.S.<div style="display:inline-block;width:5px;white-space:pre"> </div>and Australia as defined by each mining permit. </div><div id="a37699" style="position:absolute;font-family:'Arial';left:5px;top:91px;">The Company<div style="display:inline-block;width:2px;white-space:pre"> </div>estimates its ARO<div style="display:inline-block;width:2px;white-space:pre"> </div>liabilities for<div style="display:inline-block;width:2px;white-space:pre"> </div>final reclamation<div style="display:inline-block;width:2px;white-space:pre"> </div>and mine<div style="display:inline-block;width:2px;white-space:pre"> </div>closure based upon<div style="display:inline-block;width:2px;white-space:pre"> </div>detailed engineering </div><div id="a37700" style="position:absolute;font-family:'Arial';left:5px;top:106px;">calculations of the amount<div style="display:inline-block;width:5px;white-space:pre"> </div>and timing of the future<div style="display:inline-block;width:5px;white-space:pre"> </div>cash spending for a<div style="display:inline-block;width:5px;white-space:pre"> </div>third party to perform<div style="display:inline-block;width:5px;white-space:pre"> </div>the required work. </div><div id="a37701" style="position:absolute;font-family:'Arial';left:5px;top:121px;">Spending<div style="display:inline-block;width:5px;white-space:pre"> </div>estimates<div style="display:inline-block;width:6px;white-space:pre"> </div>are<div style="display:inline-block;width:5px;white-space:pre"> </div>escalated<div style="display:inline-block;width:6px;white-space:pre"> </div>for<div style="display:inline-block;width:6px;white-space:pre"> </div>inflation<div style="display:inline-block;width:5px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>then<div style="display:inline-block;width:6px;white-space:pre"> </div>discounted<div style="display:inline-block;width:6px;white-space:pre"> </div>at<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>credit-adjusted,<div style="display:inline-block;width:6px;white-space:pre"> </div>risk-free<div style="display:inline-block;width:6px;white-space:pre"> </div>rate.<div style="display:inline-block;width:5px;white-space:pre"> </div>The </div><div id="a37707" style="position:absolute;font-family:'Arial';left:5px;top:137px;">Company records<div style="display:inline-block;width:5px;white-space:pre"> </div>an ARO asset<div style="display:inline-block;width:5px;white-space:pre"> </div>associated with<div style="display:inline-block;width:5px;white-space:pre"> </div>the discounted<div style="display:inline-block;width:5px;white-space:pre"> </div>liability for final<div style="display:inline-block;width:5px;white-space:pre"> </div>reclamation and<div style="display:inline-block;width:5px;white-space:pre"> </div>mine closure. </div><div id="a37708" style="position:absolute;font-family:'Arial';left:5px;top:152px;">The obligation<div style="display:inline-block;width:5px;white-space:pre"> </div>and corresponding<div style="display:inline-block;width:5px;white-space:pre"> </div>asset are recognized<div style="display:inline-block;width:6px;white-space:pre"> </div>in the period<div style="display:inline-block;width:6px;white-space:pre"> </div>in which the<div style="display:inline-block;width:6px;white-space:pre"> </div>liability is incurred.<div style="display:inline-block;width:6px;white-space:pre"> </div>The ARO </div><div id="a37710" style="position:absolute;font-family:'Arial';left:5px;top:167px;">asset is<div style="display:inline-block;width:6px;white-space:pre"> </div>amortized<div style="display:inline-block;width:5px;white-space:pre"> </div>on the<div style="display:inline-block;width:6px;white-space:pre"> </div>units-of-production<div style="display:inline-block;width:5px;white-space:pre"> </div>method over<div style="display:inline-block;width:6px;white-space:pre"> </div>the expected<div style="display:inline-block;width:6px;white-space:pre"> </div>life of<div style="display:inline-block;width:6px;white-space:pre"> </div>the related<div style="display:inline-block;width:6px;white-space:pre"> </div>asset and<div style="display:inline-block;width:6px;white-space:pre"> </div>the ARO </div><div id="a37718" style="position:absolute;font-family:'Arial';left:5px;top:183px;">liability is accreted to the projected<div style="display:inline-block;width:5px;white-space:pre"> </div>spending date. As changes<div style="display:inline-block;width:5px;white-space:pre"> </div>in estimates occur (such as<div style="display:inline-block;width:5px;white-space:pre"> </div>mine plan revisions, </div><div id="a37719" style="position:absolute;font-family:'Arial';left:5px;top:198px;">changes in<div style="display:inline-block;width:6px;white-space:pre"> </div>estimated costs<div style="display:inline-block;width:6px;white-space:pre"> </div>or changes<div style="display:inline-block;width:6px;white-space:pre"> </div>in timing<div style="display:inline-block;width:6px;white-space:pre"> </div>of the<div style="display:inline-block;width:6px;white-space:pre"> </div>performance of<div style="display:inline-block;width:6px;white-space:pre"> </div>reclamation activities),<div style="display:inline-block;width:6px;white-space:pre"> </div>the revisions<div style="display:inline-block;width:6px;white-space:pre"> </div>to </div><div id="a37722" style="position:absolute;font-family:'Arial';left:5px;top:213px;">the<div style="display:inline-block;width:5px;white-space:pre"> </div>obligation<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>asset<div style="display:inline-block;width:6px;white-space:pre"> </div>are<div style="display:inline-block;width:5px;white-space:pre"> </div>recognized<div style="display:inline-block;width:6px;white-space:pre"> </div>at<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>appropriate<div style="display:inline-block;width:6px;white-space:pre"> </div>credit-adjusted,<div style="display:inline-block;width:6px;white-space:pre"> </div>risk-free<div style="display:inline-block;width:6px;white-space:pre"> </div>rate.<div style="display:inline-block;width:5px;white-space:pre"> </div>The<div style="display:inline-block;width:6px;white-space:pre"> </div>Company<div style="display:inline-block;width:6px;white-space:pre"> </div>also </div><div id="a37727" style="position:absolute;font-family:'Arial';left:5px;top:229px;">recognizes<div style="display:inline-block;width:6px;white-space:pre"> </div>an<div style="display:inline-block;width:6px;white-space:pre"> </div>obligation<div style="display:inline-block;width:6px;white-space:pre"> </div>for<div style="display:inline-block;width:6px;white-space:pre"> </div>contemporaneous<div style="display:inline-block;width:6px;white-space:pre"> </div>reclamation<div style="display:inline-block;width:6px;white-space:pre"> </div>liabilities<div style="display:inline-block;width:6px;white-space:pre"> </div>incurred<div style="display:inline-block;width:6px;white-space:pre"> </div>as<div style="display:inline-block;width:6px;white-space:pre"> </div>a<div style="display:inline-block;width:6px;white-space:pre"> </div>result<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>surface<div style="display:inline-block;width:6px;white-space:pre"> </div>mining. </div><div id="a37729" style="position:absolute;font-family:'Arial';left:5px;top:244px;">Contemporaneous reclamation consists primarily<div style="display:inline-block;width:5px;white-space:pre"> </div>of grading, topsoil replacement<div style="display:inline-block;width:5px;white-space:pre"> </div>and re-vegetation of backfilled </div><div id="a37732" style="position:absolute;font-family:'Arial';left:5px;top:259px;">pit areas. To<div style="display:inline-block;width:6px;white-space:pre"> </div>settle the liability,<div style="display:inline-block;width:6px;white-space:pre"> </div>the obligation is paid,<div style="display:inline-block;width:5px;white-space:pre"> </div>and to the extent<div style="display:inline-block;width:5px;white-space:pre"> </div>there is a difference<div style="display:inline-block;width:6px;white-space:pre"> </div>between the liability </div><div id="a37734" style="position:absolute;font-family:'Arial';left:5px;top:275px;">and<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>amount<div style="display:inline-block;width:5px;white-space:pre"> </div>of cash<div style="display:inline-block;width:6px;white-space:pre"> </div>paid,<div style="display:inline-block;width:5px;white-space:pre"> </div>a<div style="display:inline-block;width:5px;white-space:pre"> </div>gain<div style="display:inline-block;width:5px;white-space:pre"> </div>or<div style="display:inline-block;width:5px;white-space:pre"> </div>loss<div style="display:inline-block;width:5px;white-space:pre"> </div>upon<div style="display:inline-block;width:5px;white-space:pre"> </div>settlement<div style="display:inline-block;width:5px;white-space:pre"> </div>is<div style="display:inline-block;width:5px;white-space:pre"> </div>recorded.<div style="display:inline-block;width:5px;white-space:pre"> </div>The<div style="display:inline-block;width:5px;white-space:pre"> </div>Company<div style="display:inline-block;width:5px;white-space:pre"> </div>annually<div style="display:inline-block;width:5px;white-space:pre"> </div>reviews<div style="display:inline-block;width:5px;white-space:pre"> </div>its </div><div id="a37735" style="position:absolute;font-family:'Arial';left:5px;top:290px;">estimated future cash flows for its asset retirement obligations.</div></div></div> <div id="TextBlockContainer2199" style="position:relative;line-height:normal;width:676px;height:76px;"><div id="TextContainer2199" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a37737" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(k)<div style="display:inline-block;width:8px;white-space:pre"> </div>Borrowing Costs</div><div id="a37745" style="position:absolute;font-family:'Arial';left:5px;top:29px;">Borrowing costs are<div style="display:inline-block;width:5px;white-space:pre"> </div>recognized as an<div style="display:inline-block;width:6px;white-space:pre"> </div>expense when they<div style="display:inline-block;width:6px;white-space:pre"> </div>are incurred, except<div style="display:inline-block;width:6px;white-space:pre"> </div>for interest charges<div style="display:inline-block;width:6px;white-space:pre"> </div>attributable </div><div id="a37746" style="position:absolute;font-family:'Arial';left:5px;top:44px;">to major projects with substantial development and construction phases, which are<div style="display:inline-block;width:2px;white-space:pre"> </div>capitalized as part of the cost </div><div id="a37750" style="position:absolute;font-family:'Arial';left:5px;top:59px;">of the asset. There was </div><div id="a37750_24_2" style="position:absolute;font-family:'Arial';left:147px;top:59px;">no</div><div id="a37750_26_78" style="position:absolute;font-family:'Arial';left:162px;top:59px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>interest capitalized during the years ended December<div style="display:inline-block;width:5px;white-space:pre"> </div>31, 2025, 2024 and 2023.</div></div></div> 0 0 <div id="TextBlockContainer2202" style="position:relative;line-height:normal;width:676px;height:307px;"><div id="TextContainer2202" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a37762" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(l)<div style="display:inline-block;width:11px;white-space:pre"> </div>Leases</div><div id="a37768" style="position:absolute;font-family:'Arial';left:5px;top:29px;">From time to<div style="display:inline-block;width:5px;white-space:pre"> </div>time, the Company<div style="display:inline-block;width:6px;white-space:pre"> </div>enters into contractual<div style="display:inline-block;width:6px;white-space:pre"> </div>agreements to<div style="display:inline-block;width:5px;white-space:pre"> </div>lease property,<div style="display:inline-block;width:6px;white-space:pre"> </div>plant and equipment.<div style="display:inline-block;width:6px;white-space:pre"> </div>In </div><div id="a37770" style="position:absolute;font-family:'Arial';left:5px;top:45px;">addition, the Company also enters into mining services contracts which may include embedded leases of mining </div><div id="a37772" style="position:absolute;font-family:'Arial';left:5px;top:61px;">equipment. Based<div style="display:inline-block;width:6px;white-space:pre"> </div>upon the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company’s assessment<div style="display:inline-block;width:6px;white-space:pre"> </div>of the<div style="display:inline-block;width:5px;white-space:pre"> </div>terms of<div style="display:inline-block;width:5px;white-space:pre"> </div>a specific<div style="display:inline-block;width:5px;white-space:pre"> </div>lease agreement,<div style="display:inline-block;width:6px;white-space:pre"> </div>the Company </div><div id="a37783" style="position:absolute;font-family:'Arial';left:5px;top:78px;">classifies a lease as either finance or operating. </div><div id="a37799" style="position:absolute;font-family:'Arial';font-style:italic;left:5px;top:107px;">Finance Leases </div><div id="a37803" style="position:absolute;font-family:'Arial';left:5px;top:139px;">Right of Use, or ROU, assets<div style="display:inline-block;width:5px;white-space:pre"> </div>related to finance leases are presented<div style="display:inline-block;width:5px;white-space:pre"> </div>in “Property,<div style="display:inline-block;width:5px;white-space:pre"> </div>plant and equipment, net” on </div><div id="a37845" style="position:absolute;font-family:'Arial';left:5px;top:154px;">the Consolidated Balance<div style="display:inline-block;width:6px;white-space:pre"> </div>Sheets. Lease<div style="display:inline-block;width:5px;white-space:pre"> </div>liabilities related<div style="display:inline-block;width:5px;white-space:pre"> </div>to finance leases<div style="display:inline-block;width:6px;white-space:pre"> </div>are presented in<div style="display:inline-block;width:6px;white-space:pre"> </div>“Lease Liabilities” </div><div id="a37877" style="position:absolute;font-family:'Arial';left:5px;top:169px;">(current) and “Lease Liabilities” (non-current) on the Consolidated<div style="display:inline-block;width:5px;white-space:pre"> </div>Balance Sheets. </div><div id="a37899" style="position:absolute;font-family:'Arial';left:5px;top:198px;">Finance lease ROU assets and lease liabilities are recognized at the commencement date based on the present </div><div id="a37933" style="position:absolute;font-family:'Arial';left:5px;top:213px;">value of the<div style="display:inline-block;width:5px;white-space:pre"> </div>future lease payments<div style="display:inline-block;width:6px;white-space:pre"> </div>over the lease<div style="display:inline-block;width:6px;white-space:pre"> </div>term. The<div style="display:inline-block;width:5px;white-space:pre"> </div>discount rate used<div style="display:inline-block;width:6px;white-space:pre"> </div>to determine<div style="display:inline-block;width:5px;white-space:pre"> </div>the present<div style="display:inline-block;width:5px;white-space:pre"> </div>value </div><div id="a37971" style="position:absolute;font-family:'Arial';left:5px;top:229px;">of the lease payments<div style="display:inline-block;width:2px;white-space:pre"> </div>is the rate implicit<div style="display:inline-block;width:2px;white-space:pre"> </div>in the lease unless that<div style="display:inline-block;width:2px;white-space:pre"> </div>rate cannot be readily determined,<div style="display:inline-block;width:2px;white-space:pre"> </div>in which case </div><div id="a38014" style="position:absolute;font-family:'Arial';left:5px;top:244px;">the Company<div style="display:inline-block;width:2px;white-space:pre"> </div>utilizes its<div style="display:inline-block;width:2px;white-space:pre"> </div>incremental borrowing rate<div style="display:inline-block;width:2px;white-space:pre"> </div>in determining<div style="display:inline-block;width:2px;white-space:pre"> </div>the present<div style="display:inline-block;width:2px;white-space:pre"> </div>value of<div style="display:inline-block;width:2px;white-space:pre"> </div>the future<div style="display:inline-block;width:2px;white-space:pre"> </div>lease payments. </div><div id="a38048" style="position:absolute;font-family:'Arial';left:5px;top:259px;">The<div style="display:inline-block;width:6px;white-space:pre"> </div>incremental<div style="display:inline-block;width:6px;white-space:pre"> </div>borrowing<div style="display:inline-block;width:6px;white-space:pre"> </div>rate<div style="display:inline-block;width:6px;white-space:pre"> </div>is<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>rate<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>interest<div style="display:inline-block;width:6px;white-space:pre"> </div>that<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company<div style="display:inline-block;width:6px;white-space:pre"> </div>would<div style="display:inline-block;width:6px;white-space:pre"> </div>have<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>pay<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>borrow,<div style="display:inline-block;width:6px;white-space:pre"> </div>on<div style="display:inline-block;width:6px;white-space:pre"> </div>a </div><div id="a38090" style="position:absolute;font-family:'Arial';left:5px;top:275px;">collateralized<div style="display:inline-block;width:8px;white-space:pre"> </div>basis<div style="display:inline-block;width:8px;white-space:pre"> </div>over<div style="display:inline-block;width:8px;white-space:pre"> </div>a<div style="display:inline-block;width:7px;white-space:pre"> </div>similar<div style="display:inline-block;width:8px;white-space:pre"> </div>term,<div style="display:inline-block;width:8px;white-space:pre"> </div>an<div style="display:inline-block;width:8px;white-space:pre"> </div>amount<div style="display:inline-block;width:8px;white-space:pre"> </div>equal<div style="display:inline-block;width:8px;white-space:pre"> </div>to<div style="display:inline-block;width:8px;white-space:pre"> </div>the<div style="display:inline-block;width:8px;white-space:pre"> </div>lease<div style="display:inline-block;width:8px;white-space:pre"> </div>payments<div style="display:inline-block;width:8px;white-space:pre"> </div>in<div style="display:inline-block;width:8px;white-space:pre"> </div>a<div style="display:inline-block;width:8px;white-space:pre"> </div>similar<div style="display:inline-block;width:8px;white-space:pre"> </div>economic </div><div id="a38125" style="position:absolute;font-family:'Arial';left:5px;top:290px;">environment. </div></div></div><div id="TextBlockContainer2211" style="position:relative;line-height:normal;width:676px;height:322px;"><div id="TextContainer2211" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a38141" style="position:absolute;font-family:'Arial';font-style:italic;left:5px;top:0px;">Operating Leases </div><div id="a38145" style="position:absolute;font-family:'Arial';left:5px;top:31px;">ROU assets<div style="display:inline-block;width:6px;white-space:pre"> </div>related to<div style="display:inline-block;width:5px;white-space:pre"> </div>operating leases<div style="display:inline-block;width:6px;white-space:pre"> </div>are presented<div style="display:inline-block;width:6px;white-space:pre"> </div>as “Right<div style="display:inline-block;width:5px;white-space:pre"> </div>of Use<div style="display:inline-block;width:5px;white-space:pre"> </div>assets –<div style="display:inline-block;width:5px;white-space:pre"> </div>operating leases,<div style="display:inline-block;width:6px;white-space:pre"> </div>net” on<div style="display:inline-block;width:6px;white-space:pre"> </div>the </div><div id="a38185" style="position:absolute;font-family:'Arial';left:5px;top:47px;">Consolidated<div style="display:inline-block;width:6px;white-space:pre"> </div>Balance<div style="display:inline-block;width:6px;white-space:pre"> </div>Sheets.<div style="display:inline-block;width:5px;white-space:pre"> </div>Lease<div style="display:inline-block;width:5px;white-space:pre"> </div>liabilities<div style="display:inline-block;width:5px;white-space:pre"> </div>related<div style="display:inline-block;width:5px;white-space:pre"> </div>to<div style="display:inline-block;width:5px;white-space:pre"> </div>operating<div style="display:inline-block;width:6px;white-space:pre"> </div>leases<div style="display:inline-block;width:5px;white-space:pre"> </div>that<div style="display:inline-block;width:6px;white-space:pre"> </div>are<div style="display:inline-block;width:5px;white-space:pre"> </div>subject<div style="display:inline-block;width:5px;white-space:pre"> </div>to<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>Accounting </div><div id="a38217" style="position:absolute;font-family:'Arial';left:5px;top:62px;">Standards<div style="display:inline-block;width:6px;white-space:pre"> </div>Codification,<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:5px;white-space:pre"> </div>ASC,<div style="display:inline-block;width:5px;white-space:pre"> </div>842<div style="display:inline-block;width:6px;white-space:pre"> </div>measurement<div style="display:inline-block;width:6px;white-space:pre"> </div>requirements,<div style="display:inline-block;width:6px;white-space:pre"> </div>such<div style="display:inline-block;width:6px;white-space:pre"> </div>as<div style="display:inline-block;width:5px;white-space:pre"> </div>operating<div style="display:inline-block;width:5px;white-space:pre"> </div>leases<div style="display:inline-block;width:6px;white-space:pre"> </div>with<div style="display:inline-block;width:6px;white-space:pre"> </div>lease<div style="display:inline-block;width:5px;white-space:pre"> </div>terms </div><div id="a38247" style="position:absolute;font-family:'Arial';left:5px;top:77px;">greater than twelve months, are presented in “Lease Liabilities” (current) and “Lease Liabilities” (non<div style="display:inline-block;width:1px;white-space:pre"> </div>-current) on </div><div id="a38280" style="position:absolute;font-family:'Arial';left:5px;top:93px;">the Consolidated Balance Sheets.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a38289" style="position:absolute;font-family:'Arial';left:5px;top:121px;">Operating lease<div style="display:inline-block;width:2px;white-space:pre"> </div>ROU assets and<div style="display:inline-block;width:2px;white-space:pre"> </div>lease liabilities<div style="display:inline-block;width:2px;white-space:pre"> </div>are recognized at<div style="display:inline-block;width:2px;white-space:pre"> </div>the commencement date<div style="display:inline-block;width:2px;white-space:pre"> </div>based on<div style="display:inline-block;width:2px;white-space:pre"> </div>the present </div><div id="a38323" style="position:absolute;font-family:'Arial';left:5px;top:137px;">value of the<div style="display:inline-block;width:5px;white-space:pre"> </div>future lease payments<div style="display:inline-block;width:6px;white-space:pre"> </div>over the lease<div style="display:inline-block;width:6px;white-space:pre"> </div>term. The<div style="display:inline-block;width:5px;white-space:pre"> </div>discount rate used<div style="display:inline-block;width:6px;white-space:pre"> </div>to determine<div style="display:inline-block;width:5px;white-space:pre"> </div>the present<div style="display:inline-block;width:5px;white-space:pre"> </div>value </div><div id="a38361" style="position:absolute;font-family:'Arial';left:5px;top:152px;">of the<div style="display:inline-block;width:6px;white-space:pre"> </div>lease<div style="display:inline-block;width:5px;white-space:pre"> </div>payments<div style="display:inline-block;width:5px;white-space:pre"> </div>is the<div style="display:inline-block;width:6px;white-space:pre"> </div>rate<div style="display:inline-block;width:5px;white-space:pre"> </div>implicit in<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>lease unless<div style="display:inline-block;width:6px;white-space:pre"> </div>that<div style="display:inline-block;width:5px;white-space:pre"> </div>rate cannot<div style="display:inline-block;width:6px;white-space:pre"> </div>be readily<div style="display:inline-block;width:6px;white-space:pre"> </div>determined,<div style="display:inline-block;width:5px;white-space:pre"> </div>in which </div><div id="a38402" style="position:absolute;font-family:'Arial';left:5px;top:167px;">case, the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company utilizes<div style="display:inline-block;width:6px;white-space:pre"> </div>its incremental<div style="display:inline-block;width:6px;white-space:pre"> </div>borrowing<div style="display:inline-block;width:5px;white-space:pre"> </div>rate in<div style="display:inline-block;width:6px;white-space:pre"> </div>determining the<div style="display:inline-block;width:6px;white-space:pre"> </div>present value<div style="display:inline-block;width:6px;white-space:pre"> </div>of the<div style="display:inline-block;width:6px;white-space:pre"> </div>future lease </div><div id="a38436" style="position:absolute;font-family:'Arial';left:5px;top:183px;">payments. The incremental borrowing rate is the rate<div style="display:inline-block;width:5px;white-space:pre"> </div>of interest that the Company would have to pay<div style="display:inline-block;width:5px;white-space:pre"> </div>to borrow, </div><div id="a38475" style="position:absolute;font-family:'Arial';left:5px;top:198px;">on<div style="display:inline-block;width:6px;white-space:pre"> </div>a<div style="display:inline-block;width:5px;white-space:pre"> </div>collateralized<div style="display:inline-block;width:6px;white-space:pre"> </div>basis<div style="display:inline-block;width:6px;white-space:pre"> </div>over<div style="display:inline-block;width:6px;white-space:pre"> </div>a<div style="display:inline-block;width:5px;white-space:pre"> </div>similar<div style="display:inline-block;width:6px;white-space:pre"> </div>term,<div style="display:inline-block;width:6px;white-space:pre"> </div>an<div style="display:inline-block;width:6px;white-space:pre"> </div>amount<div style="display:inline-block;width:6px;white-space:pre"> </div>equal<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>lease<div style="display:inline-block;width:6px;white-space:pre"> </div>payments<div style="display:inline-block;width:6px;white-space:pre"> </div>in<div style="display:inline-block;width:6px;white-space:pre"> </div>a<div style="display:inline-block;width:6px;white-space:pre"> </div>similar<div style="display:inline-block;width:6px;white-space:pre"> </div>economic </div><div id="a38514" style="position:absolute;font-family:'Arial';left:5px;top:213px;">environment. Operating<div style="display:inline-block;width:6px;white-space:pre"> </div>lease ROU<div style="display:inline-block;width:5px;white-space:pre"> </div>assets may<div style="display:inline-block;width:6px;white-space:pre"> </div>also include<div style="display:inline-block;width:6px;white-space:pre"> </div>any cumulative<div style="display:inline-block;width:6px;white-space:pre"> </div>prepaid or<div style="display:inline-block;width:6px;white-space:pre"> </div>accrued rent<div style="display:inline-block;width:6px;white-space:pre"> </div>when the </div><div id="a38546" style="position:absolute;font-family:'Arial';left:5px;top:229px;">lease payments<div style="display:inline-block;width:6px;white-space:pre"> </div>are uneven<div style="display:inline-block;width:6px;white-space:pre"> </div>throughout the<div style="display:inline-block;width:6px;white-space:pre"> </div>lease term.<div style="display:inline-block;width:6px;white-space:pre"> </div>The ROU<div style="display:inline-block;width:6px;white-space:pre"> </div>assets and<div style="display:inline-block;width:6px;white-space:pre"> </div>lease liabilities<div style="display:inline-block;width:6px;white-space:pre"> </div>may also<div style="display:inline-block;width:6px;white-space:pre"> </div>include </div><div id="a38580" style="position:absolute;font-family:'Arial';left:5px;top:244px;">options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. </div><div id="a38618" style="position:absolute;font-family:'Arial';left:5px;top:259px;">The ROU<div style="display:inline-block;width:5px;white-space:pre"> </div>asset includes<div style="display:inline-block;width:5px;white-space:pre"> </div>any lease<div style="display:inline-block;width:5px;white-space:pre"> </div>payments made<div style="display:inline-block;width:5px;white-space:pre"> </div>and lease<div style="display:inline-block;width:5px;white-space:pre"> </div>incentives received<div style="display:inline-block;width:5px;white-space:pre"> </div>prior to<div style="display:inline-block;width:5px;white-space:pre"> </div>the commencement </div><div id="a38651" style="position:absolute;font-family:'Arial';left:5px;top:275px;">date.<div style="display:inline-block;width:5px;white-space:pre"> </div>The<div style="display:inline-block;width:5px;white-space:pre"> </div>Company<div style="display:inline-block;width:5px;white-space:pre"> </div>has<div style="display:inline-block;width:5px;white-space:pre"> </div>lease<div style="display:inline-block;width:5px;white-space:pre"> </div>arrangements<div style="display:inline-block;width:6px;white-space:pre"> </div>with<div style="display:inline-block;width:5px;white-space:pre"> </div>lease<div style="display:inline-block;width:5px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>non-lease<div style="display:inline-block;width:6px;white-space:pre"> </div>components<div style="display:inline-block;width:5px;white-space:pre"> </div>which<div style="display:inline-block;width:5px;white-space:pre"> </div>are<div style="display:inline-block;width:5px;white-space:pre"> </div>accounted<div style="display:inline-block;width:6px;white-space:pre"> </div>for </div><div id="a38683" style="position:absolute;font-family:'Arial';left:5px;top:290px;">separately.<div style="display:inline-block;width:6px;white-space:pre"> </div>Non-lease<div style="display:inline-block;width:6px;white-space:pre"> </div>components<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>lease<div style="display:inline-block;width:5px;white-space:pre"> </div>payments<div style="display:inline-block;width:6px;white-space:pre"> </div>are<div style="display:inline-block;width:5px;white-space:pre"> </div>expensed<div style="display:inline-block;width:6px;white-space:pre"> </div>as<div style="display:inline-block;width:5px;white-space:pre"> </div>incurred<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>are<div style="display:inline-block;width:5px;white-space:pre"> </div>not<div style="display:inline-block;width:6px;white-space:pre"> </div>included<div style="display:inline-block;width:6px;white-space:pre"> </div>in </div><div id="a38717" style="position:absolute;font-family:'Arial';left:5px;top:305px;">determining the present value.</div></div></div> <div id="TextBlockContainer2214" style="position:relative;line-height:normal;width:676px;height:137px;"><div id="TextContainer2214" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a38725" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(m) Royalties</div><div id="a38731" style="position:absolute;font-family:'Arial';left:5px;top:29px;">Lease rights<div style="display:inline-block;width:5px;white-space:pre"> </div>to coal<div style="display:inline-block;width:5px;white-space:pre"> </div>lands are<div style="display:inline-block;width:5px;white-space:pre"> </div>often acquired<div style="display:inline-block;width:5px;white-space:pre"> </div>in exchange<div style="display:inline-block;width:5px;white-space:pre"> </div>for royalty<div style="display:inline-block;width:5px;white-space:pre"> </div>payments. For<div style="display:inline-block;width:5px;white-space:pre"> </div>our Australian<div style="display:inline-block;width:5px;white-space:pre"> </div>Operations, </div><div id="a38733" style="position:absolute;font-family:'Arial';left:5px;top:44px;">royalties<div style="display:inline-block;width:5px;white-space:pre"> </div>are<div style="display:inline-block;width:5px;white-space:pre"> </div>payable<div style="display:inline-block;width:5px;white-space:pre"> </div>monthly<div style="display:inline-block;width:5px;white-space:pre"> </div>as<div style="display:inline-block;width:5px;white-space:pre"> </div>a<div style="display:inline-block;width:5px;white-space:pre"> </div>percentage<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>gross<div style="display:inline-block;width:5px;white-space:pre"> </div>realization<div style="display:inline-block;width:5px;white-space:pre"> </div>from<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>sale<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>coal<div style="display:inline-block;width:5px;white-space:pre"> </div>mined<div style="display:inline-block;width:5px;white-space:pre"> </div>using </div><div id="a38735" style="position:absolute;font-family:'Arial';left:5px;top:59px;">surface mining methods<div style="display:inline-block;width:5px;white-space:pre"> </div>and underground methods.<div style="display:inline-block;width:5px;white-space:pre"> </div>At our U.S. Operations,<div style="display:inline-block;width:5px;white-space:pre"> </div>royalties are payable<div style="display:inline-block;width:5px;white-space:pre"> </div>monthly as a </div><div id="a38737" style="position:absolute;font-family:'Arial';left:5px;top:75px;">percentage<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>gross<div style="display:inline-block;width:6px;white-space:pre"> </div>realization<div style="display:inline-block;width:6px;white-space:pre"> </div>for<div style="display:inline-block;width:6px;white-space:pre"> </div>coal<div style="display:inline-block;width:6px;white-space:pre"> </div>produced<div style="display:inline-block;width:6px;white-space:pre"> </div>using<div style="display:inline-block;width:6px;white-space:pre"> </div>underground<div style="display:inline-block;width:6px;white-space:pre"> </div>mining<div style="display:inline-block;width:6px;white-space:pre"> </div>methods.<div style="display:inline-block;width:6px;white-space:pre"> </div>Advance<div style="display:inline-block;width:6px;white-space:pre"> </div>mining </div><div id="a38740" style="position:absolute;font-family:'Arial';left:5px;top:90px;">royalties are advance<div style="display:inline-block;width:5px;white-space:pre"> </div>payments made to<div style="display:inline-block;width:5px;white-space:pre"> </div>lessors under terms<div style="display:inline-block;width:5px;white-space:pre"> </div>of mineral lease<div style="display:inline-block;width:5px;white-space:pre"> </div>agreements that are<div style="display:inline-block;width:5px;white-space:pre"> </div>recoupable </div><div id="a38741" style="position:absolute;font-family:'Arial';left:5px;top:105px;">against<div style="display:inline-block;width:9px;white-space:pre"> </div>future<div style="display:inline-block;width:9px;white-space:pre"> </div>production.<div style="display:inline-block;width:9px;white-space:pre"> </div>The<div style="display:inline-block;width:9px;white-space:pre"> </div>Company<div style="display:inline-block;width:9px;white-space:pre"> </div>had<div style="display:inline-block;width:9px;white-space:pre"> </div>advance<div style="display:inline-block;width:9px;white-space:pre"> </div>mining<div style="display:inline-block;width:9px;white-space:pre"> </div>royalties<div style="display:inline-block;width:9px;white-space:pre"> </div>of<div style="display:inline-block;width:9px;white-space:pre"> </div>$</div><div id="a38741_72_3" style="position:absolute;font-family:'Arial';left:495px;top:105px;">5.7</div><div id="a38741_75_14" style="position:absolute;font-family:'Arial';left:514px;top:105px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million<div style="display:inline-block;width:9px;white-space:pre"> </div>and<div style="display:inline-block;width:9px;white-space:pre"> </div>$</div><div id="a38741_89_3" style="position:absolute;font-family:'Arial';left:603px;top:105px;">9.8</div><div id="a38741_92_9" style="position:absolute;font-family:'Arial';left:621px;top:105px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million </div><div id="a38752" style="position:absolute;font-family:'Arial';left:5px;top:121px;">respectively, included<div style="display:inline-block;width:5px;white-space:pre"> </div>in “Other current assets” as of December 31, 2025<div style="display:inline-block;width:5px;white-space:pre"> </div>and 2024.</div></div></div> 5700000 9800000 <div id="TextBlockContainer2217" style="position:relative;line-height:normal;width:676px;height:166px;"><div id="TextContainer2217" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a38765" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(n)<div style="display:inline-block;width:7px;white-space:pre"> </div>Stanwell Rebate</div><div id="a38771" style="position:absolute;font-family:'Arial';left:5px;top:29px;">The Stanwell rebate relates to<div style="display:inline-block;width:2px;white-space:pre"> </div>a contractual arrangement entered into<div style="display:inline-block;width:2px;white-space:pre"> </div>by the Company and<div style="display:inline-block;width:2px;white-space:pre"> </div>Stanwell Corporation </div><div id="a38776" style="position:absolute;font-family:'Arial';left:5px;top:44px;">Limited, a State<div style="display:inline-block;width:5px;white-space:pre"> </div>of Queensland-owned<div style="display:inline-block;width:5px;white-space:pre"> </div>electricity generator,<div style="display:inline-block;width:6px;white-space:pre"> </div>which required payment<div style="display:inline-block;width:5px;white-space:pre"> </div>of a rebate<div style="display:inline-block;width:5px;white-space:pre"> </div>for export coal </div><div id="a38782" style="position:absolute;font-family:'Arial';left:5px;top:59px;">sold from some of Curragh’s<div style="display:inline-block;width:5px;white-space:pre"> </div>mining tenements. The rebate obligation is<div style="display:inline-block;width:5px;white-space:pre"> </div>accounted for as an executory<div style="display:inline-block;width:5px;white-space:pre"> </div>contract </div><div id="a38783" style="position:absolute;font-family:'Arial';left:5px;top:75px;">and the expense is recognized as incurred. </div><div id="a38786" style="position:absolute;font-family:'Arial';left:5px;top:103px;">On November 27, 2025, the Company entered into a Second Amendment Deed with Stanwell that, among other </div><div id="a38789" style="position:absolute;font-family:'Arial';left:5px;top:119px;">matters, waived the<div style="display:inline-block;width:5px;white-space:pre"> </div>rebate amounts that<div style="display:inline-block;width:6px;white-space:pre"> </div>would have otherwise<div style="display:inline-block;width:6px;white-space:pre"> </div>been payable by<div style="display:inline-block;width:5px;white-space:pre"> </div>the Company from<div style="display:inline-block;width:5px;white-space:pre"> </div>January 1, </div><div id="a38795" style="position:absolute;font-family:'Arial';left:5px;top:134px;">2026 until the final delivery<div style="display:inline-block;width:6px;white-space:pre"> </div>date pursuant to the<div style="display:inline-block;width:5px;white-space:pre"> </div>ACSA, which date is<div style="display:inline-block;width:5px;white-space:pre"> </div>expected to occur<div style="display:inline-block;width:5px;white-space:pre"> </div>in the first half of<div style="display:inline-block;width:5px;white-space:pre"> </div>2027. </div><div id="a38796" style="position:absolute;font-family:'Arial';left:5px;top:149px;">Refer to Note 14. “Contract Obligations” for further<div style="display:inline-block;width:5px;white-space:pre"> </div>information.</div></div></div> <div id="TextBlockContainer2220" style="position:relative;line-height:normal;width:676px;height:299px;"><div id="TextContainer2220" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a38803" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(o)<div style="display:inline-block;width:7px;white-space:pre"> </div>Revenue Recognition</div><div id="a38809" style="position:absolute;font-family:'Arial';left:5px;top:29px;">The Company accounts for<div style="display:inline-block;width:5px;white-space:pre"> </div>a contract when it<div style="display:inline-block;width:5px;white-space:pre"> </div>has approval and commitment<div style="display:inline-block;width:5px;white-space:pre"> </div>from both parties, the<div style="display:inline-block;width:5px;white-space:pre"> </div>rights of the </div><div id="a38810" style="position:absolute;font-family:'Arial';left:5px;top:44px;">parties are identified,<div style="display:inline-block;width:6px;white-space:pre"> </div>payment terms<div style="display:inline-block;width:5px;white-space:pre"> </div>are identified,<div style="display:inline-block;width:5px;white-space:pre"> </div>the contract has<div style="display:inline-block;width:6px;white-space:pre"> </div>commercial substance<div style="display:inline-block;width:5px;white-space:pre"> </div>and collectability<div style="display:inline-block;width:5px;white-space:pre"> </div>of </div><div id="a38811" style="position:absolute;font-family:'Arial';left:5px;top:59px;">consideration is probable. Once a contract<div style="display:inline-block;width:5px;white-space:pre"> </div>is identified, the Company evaluates<div style="display:inline-block;width:5px;white-space:pre"> </div>whether the combined or single </div><div id="a38814" style="position:absolute;font-family:'Arial';left:5px;top:75px;">contract should be accounted for as more than one performance<div style="display:inline-block;width:5px;white-space:pre"> </div>obligation. </div><div id="a38816" style="position:absolute;font-family:'Arial';left:5px;top:102px;">The Company recognizes revenue when<div style="display:inline-block;width:5px;white-space:pre"> </div>control is transferred to the customer.<div style="display:inline-block;width:6px;white-space:pre"> </div>For the Company’s contracts,<div style="display:inline-block;width:5px;white-space:pre"> </div>in </div><div id="a38817" style="position:absolute;font-family:'Arial';left:5px;top:117px;">order to determine<div style="display:inline-block;width:6px;white-space:pre"> </div>the point<div style="display:inline-block;width:5px;white-space:pre"> </div>in time when<div style="display:inline-block;width:5px;white-space:pre"> </div>control transfers<div style="display:inline-block;width:5px;white-space:pre"> </div>to customers, the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company uses<div style="display:inline-block;width:5px;white-space:pre"> </div>standard shipping </div><div id="a38818" style="position:absolute;font-family:'Arial';left:5px;top:133px;">terms to<div style="display:inline-block;width:6px;white-space:pre"> </div>determine<div style="display:inline-block;width:5px;white-space:pre"> </div>the timing<div style="display:inline-block;width:6px;white-space:pre"> </div>of transfer<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>legal title<div style="display:inline-block;width:6px;white-space:pre"> </div>and the<div style="display:inline-block;width:6px;white-space:pre"> </div>significant<div style="display:inline-block;width:5px;white-space:pre"> </div>risks<div style="display:inline-block;width:5px;white-space:pre"> </div>and rewards<div style="display:inline-block;width:6px;white-space:pre"> </div>of ownership.<div style="display:inline-block;width:6px;white-space:pre"> </div>The </div><div id="a38820" style="position:absolute;font-family:'Arial';left:5px;top:148px;">Company also considers other<div style="display:inline-block;width:5px;white-space:pre"> </div>indicators including timing<div style="display:inline-block;width:5px;white-space:pre"> </div>of when the Company<div style="display:inline-block;width:5px;white-space:pre"> </div>has a present right<div style="display:inline-block;width:5px;white-space:pre"> </div>to payment </div><div id="a38821" style="position:absolute;font-family:'Arial';left:5px;top:163px;">and<div style="display:inline-block;width:6px;white-space:pre"> </div>when<div style="display:inline-block;width:6px;white-space:pre"> </div>physical<div style="display:inline-block;width:6px;white-space:pre"> </div>possession<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>products<div style="display:inline-block;width:6px;white-space:pre"> </div>is<div style="display:inline-block;width:6px;white-space:pre"> </div>transferred<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>customers.<div style="display:inline-block;width:6px;white-space:pre"> </div>The<div style="display:inline-block;width:6px;white-space:pre"> </div>amount<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>revenue<div style="display:inline-block;width:6px;white-space:pre"> </div>recognized </div><div id="a38823" style="position:absolute;font-family:'Arial';left:5px;top:179px;">includes any<div style="display:inline-block;width:5px;white-space:pre"> </div>adjustments for<div style="display:inline-block;width:6px;white-space:pre"> </div>variable consideration,<div style="display:inline-block;width:6px;white-space:pre"> </div>which is<div style="display:inline-block;width:5px;white-space:pre"> </div>included in<div style="display:inline-block;width:5px;white-space:pre"> </div>the transaction<div style="display:inline-block;width:6px;white-space:pre"> </div>price and<div style="display:inline-block;width:5px;white-space:pre"> </div>allocated to </div><div id="a38824" style="position:absolute;font-family:'Arial';left:5px;top:194px;">each<div style="display:inline-block;width:7px;white-space:pre"> </div>performance<div style="display:inline-block;width:7px;white-space:pre"> </div>obligation<div style="display:inline-block;width:7px;white-space:pre"> </div>based<div style="display:inline-block;width:7px;white-space:pre"> </div>on<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>relative<div style="display:inline-block;width:7px;white-space:pre"> </div>standalone<div style="display:inline-block;width:7px;white-space:pre"> </div>selling<div style="display:inline-block;width:7px;white-space:pre"> </div>price.<div style="display:inline-block;width:7px;white-space:pre"> </div>The<div style="display:inline-block;width:7px;white-space:pre"> </div>variable<div style="display:inline-block;width:7px;white-space:pre"> </div>consideration<div style="display:inline-block;width:7px;white-space:pre"> </div>is </div><div id="a38825" style="position:absolute;font-family:'Arial';left:5px;top:209px;">estimated through the course of the contract using management’s<div style="display:inline-block;width:5px;white-space:pre"> </div>best estimates. </div><div id="a38828" style="position:absolute;font-family:'Arial';left:5px;top:237px;">The majority of<div style="display:inline-block;width:2px;white-space:pre"> </div>the Company’s revenue is<div style="display:inline-block;width:2px;white-space:pre"> </div>derived from short-term contracts<div style="display:inline-block;width:2px;white-space:pre"> </div>where the time<div style="display:inline-block;width:2px;white-space:pre"> </div>between confirmation </div><div id="a38832" style="position:absolute;font-family:'Arial';left:5px;top:252px;">of sales orders and collection<div style="display:inline-block;width:6px;white-space:pre"> </div>of cash is not more<div style="display:inline-block;width:5px;white-space:pre"> </div>than a few months.<div style="display:inline-block;width:5px;white-space:pre"> </div>During 2025, the Company<div style="display:inline-block;width:5px;white-space:pre"> </div>secured long-</div><div id="a38836" style="position:absolute;font-family:'Arial';left:5px;top:267px;">term<div style="display:inline-block;width:7px;white-space:pre"> </div>contracts<div style="display:inline-block;width:7px;white-space:pre"> </div>with<div style="display:inline-block;width:7px;white-space:pre"> </div>varying<div style="display:inline-block;width:7px;white-space:pre"> </div>pricing<div style="display:inline-block;width:7px;white-space:pre"> </div>arrangements<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>including<div style="display:inline-block;width:7px;white-space:pre"> </div>prepayments.<div style="display:inline-block;width:7px;white-space:pre"> </div>Refer<div style="display:inline-block;width:7px;white-space:pre"> </div>to<div style="display:inline-block;width:7px;white-space:pre"> </div>Note<div style="display:inline-block;width:7px;white-space:pre"> </div>14.<div style="display:inline-block;width:7px;white-space:pre"> </div>“Contract </div><div id="a38841" style="position:absolute;font-family:'Arial';left:5px;top:283px;">Obligations” for further information.<div style="display:inline-block;width:4px;white-space:pre"> </div></div></div></div><div id="TextBlockContainer2229" style="position:relative;line-height:normal;width:676px;height:659px;"><div id="TextContainer2229" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a38858" style="position:absolute;font-family:'Arial';left:5px;top:0px;">Taxes<div style="display:inline-block;width:9px;white-space:pre"> </div>assessed<div style="display:inline-block;width:8px;white-space:pre"> </div>by<div style="display:inline-block;width:8px;white-space:pre"> </div>a<div style="display:inline-block;width:8px;white-space:pre"> </div>governmental<div style="display:inline-block;width:8px;white-space:pre"> </div>authority<div style="display:inline-block;width:8px;white-space:pre"> </div>that<div style="display:inline-block;width:8px;white-space:pre"> </div>are<div style="display:inline-block;width:8px;white-space:pre"> </div>both<div style="display:inline-block;width:8px;white-space:pre"> </div>imposed<div style="display:inline-block;width:8px;white-space:pre"> </div>on<div style="display:inline-block;width:8px;white-space:pre"> </div>and<div style="display:inline-block;width:8px;white-space:pre"> </div>concurrent<div style="display:inline-block;width:8px;white-space:pre"> </div>with<div style="display:inline-block;width:8px;white-space:pre"> </div>a<div style="display:inline-block;width:8px;white-space:pre"> </div>specific </div><div id="a38859" style="position:absolute;font-family:'Arial';left:5px;top:15px;">revenue-producing transaction that are collected by the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company from a customer are excluded from revenue. </div><div id="a38863" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:43px;">Performance Obligations </div><div id="a38867" style="position:absolute;font-family:'Arial';left:5px;top:70px;">A<div style="display:inline-block;width:5px;white-space:pre"> </div>performance<div style="display:inline-block;width:6px;white-space:pre"> </div>obligation<div style="display:inline-block;width:6px;white-space:pre"> </div>is<div style="display:inline-block;width:5px;white-space:pre"> </div>a<div style="display:inline-block;width:5px;white-space:pre"> </div>promise<div style="display:inline-block;width:6px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>a<div style="display:inline-block;width:5px;white-space:pre"> </div>contract<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:5px;white-space:pre"> </div>transfer<div style="display:inline-block;width:6px;white-space:pre"> </div>a<div style="display:inline-block;width:5px;white-space:pre"> </div>distinct<div style="display:inline-block;width:6px;white-space:pre"> </div>good<div style="display:inline-block;width:5px;white-space:pre"> </div>or<div style="display:inline-block;width:5px;white-space:pre"> </div>service<div style="display:inline-block;width:5px;white-space:pre"> </div>to<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>customer.<div style="display:inline-block;width:6px;white-space:pre"> </div>A </div><div id="a38869" style="position:absolute;font-family:'Arial';left:5px;top:85px;">contract’s transaction price is allocated<div style="display:inline-block;width:2px;white-space:pre"> </div>to each distinct performance obligation<div style="display:inline-block;width:2px;white-space:pre"> </div>and recognized as revenue<div style="display:inline-block;width:2px;white-space:pre"> </div>when, </div><div id="a38870" style="position:absolute;font-family:'Arial';left:5px;top:101px;">or as, the performance obligation is satisfied. Revenue<div style="display:inline-block;width:5px;white-space:pre"> </div>is recognized at a point in time. </div><div id="a38875" style="position:absolute;font-family:'Arial';left:5px;top:128px;">The Company’s contracts have<div style="display:inline-block;width:5px;white-space:pre"> </div>multiple performance obligations as the<div style="display:inline-block;width:5px;white-space:pre"> </div>promise to transfer the individual<div style="display:inline-block;width:5px;white-space:pre"> </div>unit of </div><div id="a38876" style="position:absolute;font-family:'Arial';left:5px;top:143px;">coal<div style="display:inline-block;width:7px;white-space:pre"> </div>is<div style="display:inline-block;width:7px;white-space:pre"> </div>separately<div style="display:inline-block;width:8px;white-space:pre"> </div>identifiable<div style="display:inline-block;width:8px;white-space:pre"> </div>from<div style="display:inline-block;width:8px;white-space:pre"> </div>other<div style="display:inline-block;width:8px;white-space:pre"> </div>units<div style="display:inline-block;width:7px;white-space:pre"> </div>of<div style="display:inline-block;width:8px;white-space:pre"> </div>coal<div style="display:inline-block;width:7px;white-space:pre"> </div>promised<div style="display:inline-block;width:8px;white-space:pre"> </div>in<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>contracts<div style="display:inline-block;width:8px;white-space:pre"> </div>and,<div style="display:inline-block;width:7px;white-space:pre"> </div>therefore,<div style="display:inline-block;width:8px;white-space:pre"> </div>distinct. </div><div id="a38877" style="position:absolute;font-family:'Arial';left:5px;top:159px;">Performance obligations, as described above, primarily relate to the Company’s<div style="display:inline-block;width:5px;white-space:pre"> </div>promise to deliver a designated </div><div id="a38879" style="position:absolute;font-family:'Arial';left:5px;top:174px;">quantity and type of coal within the quality specifications<div style="display:inline-block;width:5px;white-space:pre"> </div>stated in the contract. </div><div id="a38881" style="position:absolute;font-family:'Arial';left:5px;top:201px;">For<div style="display:inline-block;width:8px;white-space:pre"> </div>contracts<div style="display:inline-block;width:8px;white-space:pre"> </div>with<div style="display:inline-block;width:8px;white-space:pre"> </div>multiple<div style="display:inline-block;width:8px;white-space:pre"> </div>performance<div style="display:inline-block;width:8px;white-space:pre"> </div>obligations,<div style="display:inline-block;width:8px;white-space:pre"> </div>we<div style="display:inline-block;width:8px;white-space:pre"> </div>allocate<div style="display:inline-block;width:8px;white-space:pre"> </div>the<div style="display:inline-block;width:8px;white-space:pre"> </div>contract’s<div style="display:inline-block;width:8px;white-space:pre"> </div>transaction<div style="display:inline-block;width:8px;white-space:pre"> </div>price<div style="display:inline-block;width:8px;white-space:pre"> </div>to<div style="display:inline-block;width:8px;white-space:pre"> </div>each </div><div id="a38882" style="position:absolute;font-family:'Arial';left:5px;top:217px;">performance obligation on a relative standalone selling price basis. The<div style="display:inline-block;width:2px;white-space:pre"> </div>standalone selling price is determined at </div><div id="a38883" style="position:absolute;font-family:'Arial';left:5px;top:232px;">each contract inception using<div style="display:inline-block;width:5px;white-space:pre"> </div>an adjusted market assessment<div style="display:inline-block;width:5px;white-space:pre"> </div>approach. This approach focuses<div style="display:inline-block;width:5px;white-space:pre"> </div>on the amount </div><div id="a38885" style="position:absolute;font-family:'Arial';left:5px;top:247px;">that the Company believes the market is willing to pay<div style="display:inline-block;width:2px;white-space:pre"> </div>for a good or service, considering market conditions, such </div><div id="a38886" style="position:absolute;font-family:'Arial';left:5px;top:263px;">as benchmark pricing, competitor pricing, market awareness of the product and current market trends that affect </div><div id="a38891" style="position:absolute;font-family:'Arial';left:5px;top:278px;">the pricing. </div><div id="a38893" style="position:absolute;font-family:'Arial';left:5px;top:305px;">Warranties provided<div style="display:inline-block;width:6px;white-space:pre"> </div>to customers are<div style="display:inline-block;width:6px;white-space:pre"> </div>assurance-type warranties<div style="display:inline-block;width:5px;white-space:pre"> </div>on the fitness<div style="display:inline-block;width:5px;white-space:pre"> </div>of purpose and<div style="display:inline-block;width:5px;white-space:pre"> </div>merchantability </div><div id="a38896" style="position:absolute;font-family:'Arial';left:5px;top:321px;">of the Company’s goods. The Company does not<div style="display:inline-block;width:5px;white-space:pre"> </div>provide service-type warranties to customers. </div><div id="a38900" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:348px;">Shipping and Handling </div><div id="a38902" style="position:absolute;font-family:'Arial';left:5px;top:379px;">For Free<div style="display:inline-block;width:5px;white-space:pre"> </div>on Rail<div style="display:inline-block;width:5px;white-space:pre"> </div>sales, the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company accounts<div style="display:inline-block;width:6px;white-space:pre"> </div>for shipping<div style="display:inline-block;width:6px;white-space:pre"> </div>and handling<div style="display:inline-block;width:6px;white-space:pre"> </div>activities as<div style="display:inline-block;width:6px;white-space:pre"> </div>a separate<div style="display:inline-block;width:5px;white-space:pre"> </div>performance </div><div id="a38903" style="position:absolute;font-family:'Arial';left:5px;top:395px;">obligation after<div style="display:inline-block;width:6px;white-space:pre"> </div>the customer<div style="display:inline-block;width:6px;white-space:pre"> </div>obtains control<div style="display:inline-block;width:6px;white-space:pre"> </div>of the<div style="display:inline-block;width:6px;white-space:pre"> </div>good. In<div style="display:inline-block;width:6px;white-space:pre"> </div>this instance,<div style="display:inline-block;width:6px;white-space:pre"> </div>shipping and<div style="display:inline-block;width:6px;white-space:pre"> </div>handling costs<div style="display:inline-block;width:6px;white-space:pre"> </div>paid to </div><div id="a38904" style="position:absolute;font-family:'Arial';left:5px;top:410px;">third<div style="display:inline-block;width:7px;white-space:pre"> </div>party<div style="display:inline-block;width:7px;white-space:pre"> </div>carriers<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>invoiced<div style="display:inline-block;width:7px;white-space:pre"> </div>to<div style="display:inline-block;width:7px;white-space:pre"> </div>coal<div style="display:inline-block;width:7px;white-space:pre"> </div>customers<div style="display:inline-block;width:7px;white-space:pre"> </div>are<div style="display:inline-block;width:7px;white-space:pre"> </div>recorded<div style="display:inline-block;width:7px;white-space:pre"> </div>as<div style="display:inline-block;width:7px;white-space:pre"> </div>freight<div style="display:inline-block;width:7px;white-space:pre"> </div>expense<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>other<div style="display:inline-block;width:7px;white-space:pre"> </div>revenues, </div><div id="a38906" style="position:absolute;font-family:'Arial';left:5px;top:425px;">respectively. </div><div id="a38909" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:457px;">Contract Balances </div><div id="a38911" style="position:absolute;font-family:'Arial';left:5px;top:488px;">Contract assets, when<div style="display:inline-block;width:5px;white-space:pre"> </div>present, are recorded<div style="display:inline-block;width:6px;white-space:pre"> </div>separately from<div style="display:inline-block;width:5px;white-space:pre"> </div>trade receivables in<div style="display:inline-block;width:5px;white-space:pre"> </div>the Company's Consolidated </div><div id="a38912" style="position:absolute;font-family:'Arial';left:5px;top:503px;">Balance Sheets and are reclassified to<div style="display:inline-block;width:2px;white-space:pre"> </div>trade receivables as title passes to<div style="display:inline-block;width:2px;white-space:pre"> </div>the customer and the Company's right </div><div id="a38915" style="position:absolute;font-family:'Arial';left:5px;top:519px;">to<div style="display:inline-block;width:5px;white-space:pre"> </div>consideration<div style="display:inline-block;width:5px;white-space:pre"> </div>becomes<div style="display:inline-block;width:5px;white-space:pre"> </div>unconditional.<div style="display:inline-block;width:5px;white-space:pre"> </div>Credit<div style="display:inline-block;width:5px;white-space:pre"> </div>is<div style="display:inline-block;width:5px;white-space:pre"> </div>extended<div style="display:inline-block;width:5px;white-space:pre"> </div>based<div style="display:inline-block;width:5px;white-space:pre"> </div>on<div style="display:inline-block;width:5px;white-space:pre"> </div>an<div style="display:inline-block;width:5px;white-space:pre"> </div>evaluation<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>a<div style="display:inline-block;width:5px;white-space:pre"> </div>customer's<div style="display:inline-block;width:5px;white-space:pre"> </div>financial </div><div id="a38917" style="position:absolute;font-family:'Arial';left:5px;top:534px;">condition and a<div style="display:inline-block;width:2px;white-space:pre"> </div>customer's ability to perform<div style="display:inline-block;width:2px;white-space:pre"> </div>its obligations. The<div style="display:inline-block;width:2px;white-space:pre"> </div>Company typically does<div style="display:inline-block;width:2px;white-space:pre"> </div>not have contract<div style="display:inline-block;width:2px;white-space:pre"> </div>assets </div><div id="a38918" style="position:absolute;font-family:'Arial';left:5px;top:549px;">that are stated separately<div style="display:inline-block;width:6px;white-space:pre"> </div>from trade receivables<div style="display:inline-block;width:5px;white-space:pre"> </div>since the Company's<div style="display:inline-block;width:5px;white-space:pre"> </div>performance obligations are<div style="display:inline-block;width:5px;white-space:pre"> </div>satisfied as </div><div id="a38921" style="position:absolute;font-family:'Arial';left:5px;top:565px;">control of the goods or services passes to the customer,<div style="display:inline-block;width:5px;white-space:pre"> </div>thereby granting the Company an unconditional right to </div><div id="a38924" style="position:absolute;font-family:'Arial';left:5px;top:580px;">receive<div style="display:inline-block;width:5px;white-space:pre"> </div>consideration.<div style="display:inline-block;width:5px;white-space:pre"> </div>Contract<div style="display:inline-block;width:5px;white-space:pre"> </div>liabilities<div style="display:inline-block;width:5px;white-space:pre"> </div>relate to<div style="display:inline-block;width:6px;white-space:pre"> </div>consideration<div style="display:inline-block;width:5px;white-space:pre"> </div>received<div style="display:inline-block;width:5px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>advance<div style="display:inline-block;width:5px;white-space:pre"> </div>of the<div style="display:inline-block;width:6px;white-space:pre"> </div>satisfaction<div style="display:inline-block;width:5px;white-space:pre"> </div>of the </div><div id="a38926" style="position:absolute;font-family:'Arial';left:5px;top:595px;">Company's<div style="display:inline-block;width:6px;white-space:pre"> </div>performance<div style="display:inline-block;width:6px;white-space:pre"> </div>obligations.<div style="display:inline-block;width:6px;white-space:pre"> </div>Contract<div style="display:inline-block;width:6px;white-space:pre"> </div>liabilities<div style="display:inline-block;width:6px;white-space:pre"> </div>are<div style="display:inline-block;width:5px;white-space:pre"> </div>recognized<div style="display:inline-block;width:6px;white-space:pre"> </div>as<div style="display:inline-block;width:5px;white-space:pre"> </div>revenue<div style="display:inline-block;width:5px;white-space:pre"> </div>at<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>point<div style="display:inline-block;width:5px;white-space:pre"> </div>in<div style="display:inline-block;width:6px;white-space:pre"> </div>time<div style="display:inline-block;width:5px;white-space:pre"> </div>when </div><div id="a38929" style="position:absolute;font-family:'Arial';left:5px;top:611px;">control of the goods passes to the customer.<div style="display:inline-block;width:6px;white-space:pre"> </div></div><div id="a38932" style="position:absolute;font-family:'Arial';left:5px;top:642px;">Refer to Note 14. “Contract Obligations” for further<div style="display:inline-block;width:5px;white-space:pre"> </div>information.</div></div></div> <div id="TextBlockContainer2232" style="position:relative;line-height:normal;width:676px;height:233px;"><div id="TextContainer2232" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a38937" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(p)<div style="display:inline-block;width:7px;white-space:pre"> </div>Commodity Price Risk</div><div id="a38943" style="position:absolute;font-family:'Arial';left:5px;top:29px;">The Company has commodity price risk arising from fluctuations<div style="display:inline-block;width:5px;white-space:pre"> </div>in domestic and global coal prices.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a38946" style="position:absolute;font-family:'Arial';left:5px;top:60px;">The<div style="display:inline-block;width:7px;white-space:pre"> </div>Company’s<div style="display:inline-block;width:8px;white-space:pre"> </div>principal<div style="display:inline-block;width:7px;white-space:pre"> </div>philosophy<div style="display:inline-block;width:7px;white-space:pre"> </div>is<div style="display:inline-block;width:7px;white-space:pre"> </div>not<div style="display:inline-block;width:7px;white-space:pre"> </div>to<div style="display:inline-block;width:7px;white-space:pre"> </div>hedge<div style="display:inline-block;width:7px;white-space:pre"> </div>against<div style="display:inline-block;width:7px;white-space:pre"> </div>movements<div style="display:inline-block;width:8px;white-space:pre"> </div>in<div style="display:inline-block;width:7px;white-space:pre"> </div>coal<div style="display:inline-block;width:7px;white-space:pre"> </div>prices<div style="display:inline-block;width:7px;white-space:pre"> </div>unless<div style="display:inline-block;width:7px;white-space:pre"> </div>there<div style="display:inline-block;width:7px;white-space:pre"> </div>are </div><div id="a38947" style="position:absolute;font-family:'Arial';left:5px;top:75px;">exceptional circumstances.<div style="display:inline-block;width:8px;white-space:pre"> </div>Any potential hedging of coal prices would be through fixed<div style="display:inline-block;width:5px;white-space:pre"> </div>price contracts.<div style="display:inline-block;width:4px;white-space:pre"> </div></div><div id="a38949" style="position:absolute;font-family:'Arial';left:5px;top:107px;">The<div style="display:inline-block;width:6px;white-space:pre"> </div>Company<div style="display:inline-block;width:6px;white-space:pre"> </div>is<div style="display:inline-block;width:6px;white-space:pre"> </div>also<div style="display:inline-block;width:6px;white-space:pre"> </div>exposed<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>commodity<div style="display:inline-block;width:6px;white-space:pre"> </div>price<div style="display:inline-block;width:6px;white-space:pre"> </div>risk<div style="display:inline-block;width:6px;white-space:pre"> </div>related<div style="display:inline-block;width:5px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>diesel<div style="display:inline-block;width:6px;white-space:pre"> </div>fuel<div style="display:inline-block;width:6px;white-space:pre"> </div>purchases.<div style="display:inline-block;width:6px;white-space:pre"> </div>The<div style="display:inline-block;width:6px;white-space:pre"> </div>Company<div style="display:inline-block;width:6px;white-space:pre"> </div>may </div><div id="a38952" style="position:absolute;font-family:'Arial';left:5px;top:122px;">periodically enter into arrangements that protect against<div style="display:inline-block;width:5px;white-space:pre"> </div>the volatility in fuel prices as follows: </div><div id="a38954" style="position:absolute;font-family:'Arial';left:29px;top:153px;">•<div style="display:inline-block;width:19px;white-space:pre"> </div>entering into fixed price contracts to purchase fuel for the<div style="display:inline-block;width:5px;white-space:pre"> </div>U.S. Operations. </div><div id="a38962" style="position:absolute;font-family:'Arial';left:29px;top:185px;">•<div style="display:inline-block;width:19px;white-space:pre"> </div>entering into derivative financial instruments to hedge<div style="display:inline-block;width:5px;white-space:pre"> </div>exposures to fuel price fluctuations.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a38970" style="position:absolute;font-family:'Arial';left:5px;top:216px;">Refer to Note 21. “Derivatives and Fair Value<div style="display:inline-block;width:6px;white-space:pre"> </div>Measurement”.</div></div></div> <div id="TextBlockContainer2239" style="position:relative;line-height:normal;width:676px;height:292px;"><div id="TextContainer2239" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a38993" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(q)<div style="display:inline-block;width:7px;white-space:pre"> </div>Derivative Accounting </div><div id="a38999" style="position:absolute;font-family:'Arial';left:5px;top:29px;">The Company recognizes at fair value all contracts meeting the definition of a derivative as assets or liabilities in </div><div id="a39000" style="position:absolute;font-family:'Arial';left:5px;top:44px;">the Consolidated Balance Sheets. </div><div id="a39010" style="position:absolute;font-family:'Arial';left:5px;top:75px;">With<div style="display:inline-block;width:5px;white-space:pre"> </div>respect<div style="display:inline-block;width:5px;white-space:pre"> </div>to<div style="display:inline-block;width:5px;white-space:pre"> </div>derivatives<div style="display:inline-block;width:6px;white-space:pre"> </div>used<div style="display:inline-block;width:5px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>hedging<div style="display:inline-block;width:6px;white-space:pre"> </div>activities,<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company<div style="display:inline-block;width:5px;white-space:pre"> </div>assesses,<div style="display:inline-block;width:6px;white-space:pre"> </div>both<div style="display:inline-block;width:5px;white-space:pre"> </div>at<div style="display:inline-block;width:5px;white-space:pre"> </div>inception<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>at<div style="display:inline-block;width:5px;white-space:pre"> </div>least </div><div id="a39011" style="position:absolute;font-family:'Arial';left:5px;top:91px;">quarterly<div style="display:inline-block;width:5px;white-space:pre"> </div>thereafter,<div style="display:inline-block;width:6px;white-space:pre"> </div>whether<div style="display:inline-block;width:6px;white-space:pre"> </div>such<div style="display:inline-block;width:5px;white-space:pre"> </div>derivatives<div style="display:inline-block;width:5px;white-space:pre"> </div>are<div style="display:inline-block;width:5px;white-space:pre"> </div>highly<div style="display:inline-block;width:5px;white-space:pre"> </div>effective<div style="display:inline-block;width:6px;white-space:pre"> </div>at<div style="display:inline-block;width:5px;white-space:pre"> </div>offsetting<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>changes<div style="display:inline-block;width:6px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>anticipated </div><div id="a39012" style="position:absolute;font-family:'Arial';left:5px;top:106px;">exposure of the hedged item. The effective<div style="display:inline-block;width:6px;white-space:pre"> </div>portion of the change in the fair<div style="display:inline-block;width:5px;white-space:pre"> </div>value of derivatives designated as<div style="display:inline-block;width:5px;white-space:pre"> </div>a </div><div id="a39014" style="position:absolute;font-family:'Arial';left:5px;top:121px;">cash flow<div style="display:inline-block;width:5px;white-space:pre"> </div>hedge is<div style="display:inline-block;width:5px;white-space:pre"> </div>recorded in<div style="display:inline-block;width:5px;white-space:pre"> </div>“Accumulated other<div style="display:inline-block;width:5px;white-space:pre"> </div>comprehensive income<div style="display:inline-block;width:6px;white-space:pre"> </div>(loss)” until<div style="display:inline-block;width:5px;white-space:pre"> </div>the hedged<div style="display:inline-block;width:5px;white-space:pre"> </div>transaction </div><div id="a39015" style="position:absolute;font-family:'Arial';left:5px;top:137px;">impacts reported earnings,<div style="display:inline-block;width:5px;white-space:pre"> </div>at which time any<div style="display:inline-block;width:5px;white-space:pre"> </div>gain or loss<div style="display:inline-block;width:5px;white-space:pre"> </div>is reclassified to earnings.<div style="display:inline-block;width:6px;white-space:pre"> </div>To<div style="display:inline-block;width:5px;white-space:pre"> </div>the extent that<div style="display:inline-block;width:5px;white-space:pre"> </div>periodic </div><div id="a39017" style="position:absolute;font-family:'Arial';left:5px;top:152px;">changes in the<div style="display:inline-block;width:5px;white-space:pre"> </div>fair value of<div style="display:inline-block;width:5px;white-space:pre"> </div>derivatives deemed highly<div style="display:inline-block;width:6px;white-space:pre"> </div>effective exceeds<div style="display:inline-block;width:5px;white-space:pre"> </div>such changes<div style="display:inline-block;width:5px;white-space:pre"> </div>in the hedged<div style="display:inline-block;width:6px;white-space:pre"> </div>item, the </div><div id="a39018" style="position:absolute;font-family:'Arial';left:5px;top:167px;">ineffective portion of<div style="display:inline-block;width:5px;white-space:pre"> </div>the periodic non-cash<div style="display:inline-block;width:5px;white-space:pre"> </div>changes are recorded<div style="display:inline-block;width:5px;white-space:pre"> </div>in earnings in the<div style="display:inline-block;width:6px;white-space:pre"> </div>period of the change.<div style="display:inline-block;width:6px;white-space:pre"> </div>If the </div><div id="a39022" style="position:absolute;font-family:'Arial';left:5px;top:183px;">hedge ceases to qualify<div style="display:inline-block;width:5px;white-space:pre"> </div>for hedge accounting,<div style="display:inline-block;width:5px;white-space:pre"> </div>the Company prospectively<div style="display:inline-block;width:5px;white-space:pre"> </div>recognizes changes in<div style="display:inline-block;width:5px;white-space:pre"> </div>the fair value </div><div id="a39023" style="position:absolute;font-family:'Arial';left:5px;top:198px;">of the instrument in earnings in<div style="display:inline-block;width:2px;white-space:pre"> </div>the period of the change. The<div style="display:inline-block;width:2px;white-space:pre"> </div>potential for hedge ineffectiveness is present in the </div><div id="a39024" style="position:absolute;font-family:'Arial';left:5px;top:213px;">design of certain of the Company’s cash flow hedge<div style="display:inline-block;width:5px;white-space:pre"> </div>relationships. </div><div id="a39027" style="position:absolute;font-family:'Arial';left:5px;top:245px;">The Company’s<div style="display:inline-block;width:6px;white-space:pre"> </div>asset and<div style="display:inline-block;width:5px;white-space:pre"> </div>liability derivative<div style="display:inline-block;width:6px;white-space:pre"> </div>positions are<div style="display:inline-block;width:6px;white-space:pre"> </div>offset on<div style="display:inline-block;width:6px;white-space:pre"> </div>a counterparty-by-counterparty<div style="display:inline-block;width:6px;white-space:pre"> </div>basis if<div style="display:inline-block;width:5px;white-space:pre"> </div>the </div><div id="a39032" style="position:absolute;font-family:'Arial';left:5px;top:260px;">contractual agreement provides for the net settlement of contracts with the<div style="display:inline-block;width:2px;white-space:pre"> </div>counterparty in the event of default or </div><div id="a39033" style="position:absolute;font-family:'Arial';left:5px;top:275px;">termination of any one contract.</div></div></div> <div id="TextBlockContainer2242" style="position:relative;line-height:normal;width:676px;height:277px;"><div id="TextContainer2242" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a39036" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(r)<div style="display:inline-block;width:10px;white-space:pre"> </div>Income Taxes </div><div id="a39042" style="position:absolute;font-family:'Arial';left:5px;top:29px;">The Company uses the asset<div style="display:inline-block;width:2px;white-space:pre"> </div>and liability approach to account<div style="display:inline-block;width:2px;white-space:pre"> </div>for income taxes as required by<div style="display:inline-block;width:2px;white-space:pre"> </div>ASC 740, Income </div><div id="a39043" style="position:absolute;font-family:'Arial';left:5px;top:44px;">Taxes,<div style="display:inline-block;width:7px;white-space:pre"> </div>which requires<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>recognition<div style="display:inline-block;width:5px;white-space:pre"> </div>of deferred<div style="display:inline-block;width:6px;white-space:pre"> </div>income<div style="display:inline-block;width:5px;white-space:pre"> </div>tax assets<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>liabilities<div style="display:inline-block;width:5px;white-space:pre"> </div>for the<div style="display:inline-block;width:6px;white-space:pre"> </div>expected<div style="display:inline-block;width:5px;white-space:pre"> </div>future<div style="display:inline-block;width:5px;white-space:pre"> </div>tax </div><div id="a39044" style="position:absolute;font-family:'Arial';left:5px;top:59px;">consequences<div style="display:inline-block;width:5px;white-space:pre"> </div>attributable<div style="display:inline-block;width:5px;white-space:pre"> </div>to differences<div style="display:inline-block;width:7px;white-space:pre"> </div>between<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>financial<div style="display:inline-block;width:5px;white-space:pre"> </div>statement<div style="display:inline-block;width:5px;white-space:pre"> </div>carrying<div style="display:inline-block;width:5px;white-space:pre"> </div>amounts<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>existing<div style="display:inline-block;width:5px;white-space:pre"> </div>assets </div><div id="a39046" style="position:absolute;font-family:'Arial';left:5px;top:75px;">and liabilities and their respective tax bases. </div><div id="a39048" style="position:absolute;font-family:'Arial';left:5px;top:106px;">Valuation allowances are provided<div style="display:inline-block;width:2px;white-space:pre"> </div>when necessary to<div style="display:inline-block;width:2px;white-space:pre"> </div>reduce deferred income<div style="display:inline-block;width:2px;white-space:pre"> </div>tax assets to<div style="display:inline-block;width:2px;white-space:pre"> </div>the amount expected </div><div id="a39049" style="position:absolute;font-family:'Arial';left:5px;top:121px;">to be realized, on a “more likely than not” basis. </div><div id="a39056" style="position:absolute;font-family:'Arial';left:5px;top:153px;">The Company recognizes the<div style="display:inline-block;width:5px;white-space:pre"> </div>benefit of an uncertain<div style="display:inline-block;width:5px;white-space:pre"> </div>tax position that it has<div style="display:inline-block;width:5px;white-space:pre"> </div>taken or expects<div style="display:inline-block;width:5px;white-space:pre"> </div>to take on income </div><div id="a39057" style="position:absolute;font-family:'Arial';left:5px;top:168px;">tax<div style="display:inline-block;width:6px;white-space:pre"> </div>returns<div style="display:inline-block;width:6px;white-space:pre"> </div>it<div style="display:inline-block;width:6px;white-space:pre"> </div>files<div style="display:inline-block;width:6px;white-space:pre"> </div>if<div style="display:inline-block;width:6px;white-space:pre"> </div>such<div style="display:inline-block;width:6px;white-space:pre"> </div>tax<div style="display:inline-block;width:6px;white-space:pre"> </div>position<div style="display:inline-block;width:6px;white-space:pre"> </div>is<div style="display:inline-block;width:6px;white-space:pre"> </div>more<div style="display:inline-block;width:6px;white-space:pre"> </div>likely<div style="display:inline-block;width:6px;white-space:pre"> </div>than<div style="display:inline-block;width:6px;white-space:pre"> </div>not<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>be<div style="display:inline-block;width:6px;white-space:pre"> </div>sustained<div style="display:inline-block;width:6px;white-space:pre"> </div>on<div style="display:inline-block;width:6px;white-space:pre"> </div>examination<div style="display:inline-block;width:6px;white-space:pre"> </div>by<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>taxing </div><div id="a39058" style="position:absolute;font-family:'Arial';left:5px;top:183px;">authorities, based on the technical<div style="display:inline-block;width:5px;white-space:pre"> </div>merits of the position. These tax<div style="display:inline-block;width:5px;white-space:pre"> </div>benefits are measured based on the<div style="display:inline-block;width:5px;white-space:pre"> </div>largest </div><div id="a39060" style="position:absolute;font-family:'Arial';left:5px;top:199px;">benefit that has a greater than 50% likelihood of being realized<div style="display:inline-block;width:5px;white-space:pre"> </div>upon ultimate resolution. </div><div id="a39062" style="position:absolute;font-family:'Arial';left:5px;top:230px;">The Company’s foreign<div style="display:inline-block;width:6px;white-space:pre"> </div>structure consists of<div style="display:inline-block;width:5px;white-space:pre"> </div>Australian entities which<div style="display:inline-block;width:5px;white-space:pre"> </div>are treated as<div style="display:inline-block;width:5px;white-space:pre"> </div>corporations subject to<div style="display:inline-block;width:5px;white-space:pre"> </div>tax </div><div id="a39063" style="position:absolute;font-family:'Arial';left:5px;top:245px;">under Australian taxing authorities.<div style="display:inline-block;width:5px;white-space:pre"> </div>The Australian entities are<div style="display:inline-block;width:5px;white-space:pre"> </div>treated as a branch for<div style="display:inline-block;width:5px;white-space:pre"> </div>U.S. tax purposes and<div style="display:inline-block;width:5px;white-space:pre"> </div>all </div><div id="a39065" style="position:absolute;font-family:'Arial';left:5px;top:261px;">income flows through the ultimate parent (the Company).</div></div></div> <div id="TextBlockContainer2245" style="position:relative;line-height:normal;width:676px;height:149px;"><div id="TextContainer2245" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a39068" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(s)<div style="display:inline-block;width:8px;white-space:pre"> </div>Fair Value Measurements </div><div id="a39074" style="position:absolute;font-family:'Arial';left:5px;top:29px;">The Company utilizes valuation<div style="display:inline-block;width:5px;white-space:pre"> </div>techniques that maximize<div style="display:inline-block;width:5px;white-space:pre"> </div>the use of observable inputs<div style="display:inline-block;width:5px;white-space:pre"> </div>and minimize the use of </div><div id="a39075" style="position:absolute;font-family:'Arial';left:5px;top:44px;">unobservable<div style="display:inline-block;width:6px;white-space:pre"> </div>inputs<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>extent<div style="display:inline-block;width:6px;white-space:pre"> </div>possible.<div style="display:inline-block;width:6px;white-space:pre"> </div>The<div style="display:inline-block;width:6px;white-space:pre"> </div>Company<div style="display:inline-block;width:6px;white-space:pre"> </div>determines<div style="display:inline-block;width:6px;white-space:pre"> </div>fair<div style="display:inline-block;width:6px;white-space:pre"> </div>value<div style="display:inline-block;width:6px;white-space:pre"> </div>based<div style="display:inline-block;width:6px;white-space:pre"> </div>on<div style="display:inline-block;width:6px;white-space:pre"> </div>assumptions<div style="display:inline-block;width:6px;white-space:pre"> </div>that </div><div id="a39076" style="position:absolute;font-family:'Arial';left:5px;top:59px;">market<div style="display:inline-block;width:6px;white-space:pre"> </div>participants<div style="display:inline-block;width:6px;white-space:pre"> </div>would<div style="display:inline-block;width:6px;white-space:pre"> </div>use<div style="display:inline-block;width:6px;white-space:pre"> </div>in<div style="display:inline-block;width:6px;white-space:pre"> </div>pricing<div style="display:inline-block;width:6px;white-space:pre"> </div>an<div style="display:inline-block;width:6px;white-space:pre"> </div>asset<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:6px;white-space:pre"> </div>liability<div style="display:inline-block;width:6px;white-space:pre"> </div>in<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>principal<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:6px;white-space:pre"> </div>most<div style="display:inline-block;width:6px;white-space:pre"> </div>relevant<div style="display:inline-block;width:6px;white-space:pre"> </div>market.<div style="display:inline-block;width:6px;white-space:pre"> </div>When </div><div id="a39079" style="position:absolute;font-family:'Arial';left:5px;top:75px;">considering<div style="display:inline-block;width:5px;white-space:pre"> </div>market<div style="display:inline-block;width:5px;white-space:pre"> </div>participant<div style="display:inline-block;width:5px;white-space:pre"> </div>assumptions<div style="display:inline-block;width:5px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>fair<div style="display:inline-block;width:5px;white-space:pre"> </div>value<div style="display:inline-block;width:5px;white-space:pre"> </div>measurements,<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company<div style="display:inline-block;width:6px;white-space:pre"> </div>distinguishes<div style="display:inline-block;width:5px;white-space:pre"> </div>between </div><div id="a39080" style="position:absolute;font-family:'Arial';left:5px;top:90px;">observable and unobservable inputs, which are categorized<div style="display:inline-block;width:5px;white-space:pre"> </div>in one of three levels of inputs. </div><div id="a39085" style="position:absolute;font-family:'Arial';left:5px;top:117px;">Refer to<div style="display:inline-block;width:5px;white-space:pre"> </div>Note 21.<div style="display:inline-block;width:5px;white-space:pre"> </div>“Derivatives and<div style="display:inline-block;width:5px;white-space:pre"> </div>Fair Value<div style="display:inline-block;width:6px;white-space:pre"> </div>Measurement” for<div style="display:inline-block;width:6px;white-space:pre"> </div>detailed information<div style="display:inline-block;width:6px;white-space:pre"> </div>related to<div style="display:inline-block;width:5px;white-space:pre"> </div>the Company’s </div><div id="a39093" style="position:absolute;font-family:'Arial';left:5px;top:133px;">fair value policies and disclosures.</div></div></div> <div id="TextBlockContainer2248" style="position:relative;line-height:normal;width:676px;height:165px;"><div id="TextContainer2248" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a39095" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(t)<div style="display:inline-block;width:11px;white-space:pre"> </div>Stock-based Compensation </div><div id="a39104" style="position:absolute;font-family:'Arial';left:5px;top:29px;">The Company has<div style="display:inline-block;width:2px;white-space:pre"> </div>a stock-based compensation plan<div style="display:inline-block;width:2px;white-space:pre"> </div>which allows for<div style="display:inline-block;width:2px;white-space:pre"> </div>the grant of<div style="display:inline-block;width:2px;white-space:pre"> </div>certain equity-based incentives </div><div id="a39110" style="position:absolute;font-family:'Arial';left:5px;top:44px;">including stock options, performance stock<div style="display:inline-block;width:2px;white-space:pre"> </div>units, or PSUs, and<div style="display:inline-block;width:2px;white-space:pre"> </div>restricted stock units,<div style="display:inline-block;width:3px;white-space:pre"> </div>or RSUs, to employees<div style="display:inline-block;width:2px;white-space:pre"> </div>and </div><div id="a39119" style="position:absolute;font-family:'Arial';left:5px;top:59px;">executive<div style="display:inline-block;width:5px;white-space:pre"> </div>directors,<div style="display:inline-block;width:6px;white-space:pre"> </div>valued<div style="display:inline-block;width:6px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>whole<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:5px;white-space:pre"> </div>in<div style="display:inline-block;width:6px;white-space:pre"> </div>part<div style="display:inline-block;width:5px;white-space:pre"> </div>with<div style="display:inline-block;width:6px;white-space:pre"> </div>reference<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company’s<div style="display:inline-block;width:6px;white-space:pre"> </div>CDIs<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:5px;white-space:pre"> </div>equivalent<div style="display:inline-block;width:6px;white-space:pre"> </div>common </div><div id="a39120" style="position:absolute;font-family:'Arial';left:5px;top:75px;">shares (on a </div><div id="a39120_13_2" style="position:absolute;font-family:'Arial';left:83px;top:75px;">10</div><div id="a39120_15_31" style="position:absolute;font-family:'Arial';left:97px;top:75px;">:1 CDI to common share ratio). </div><div id="a39125" style="position:absolute;font-family:'Arial';left:5px;top:102px;">The grant-date<div style="display:inline-block;width:6px;white-space:pre"> </div>fair value<div style="display:inline-block;width:6px;white-space:pre"> </div>of stock<div style="display:inline-block;width:6px;white-space:pre"> </div>option<div style="display:inline-block;width:5px;white-space:pre"> </div>award is<div style="display:inline-block;width:6px;white-space:pre"> </div>estimated on<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>date<div style="display:inline-block;width:5px;white-space:pre"> </div>of grant<div style="display:inline-block;width:6px;white-space:pre"> </div>using<div style="display:inline-block;width:5px;white-space:pre"> </div>Black-Scholes-Merton </div><div id="a39132" style="position:absolute;font-family:'Arial';left:5px;top:117px;">option-pricing model. For<div style="display:inline-block;width:5px;white-space:pre"> </div>certain options and<div style="display:inline-block;width:5px;white-space:pre"> </div>PSUs, the Company includes<div style="display:inline-block;width:6px;white-space:pre"> </div>a relative Total<div style="display:inline-block;width:6px;white-space:pre"> </div>Stockholder Return, </div><div id="a39136" style="position:absolute;font-family:'Arial';left:5px;top:133px;">or TSR, modifier to determine the number of shares<div style="display:inline-block;width:5px;white-space:pre"> </div>earned at the end of the performance period. The<div style="display:inline-block;width:5px;white-space:pre"> </div>fair value </div><div id="a39141" style="position:absolute;font-family:'Arial';left:5px;top:148px;">of awards that include the TSR modifier is determined<div style="display:inline-block;width:5px;white-space:pre"> </div>using a Monte Carlo valuation model. </div></div></div><div id="TextBlockContainer2257" style="position:relative;line-height:normal;width:676px;height:90px;"><div id="TextContainer2257" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a39156" style="position:absolute;font-family:'Arial';left:5px;top:0px;">The expense for these equity-based incentives is based on their fair value at date of grant and is amortized over </div><div id="a39159" style="position:absolute;font-family:'Arial';left:5px;top:15px;">the required service<div style="display:inline-block;width:2px;white-space:pre"> </div>period, generally the vesting<div style="display:inline-block;width:2px;white-space:pre"> </div>period. The Company accounts<div style="display:inline-block;width:2px;white-space:pre"> </div>for forfeitures as<div style="display:inline-block;width:2px;white-space:pre"> </div>and when they </div><div id="a39160" style="position:absolute;font-family:'Arial';left:5px;top:31px;">occur. </div><div id="a39162" style="position:absolute;font-family:'Arial';left:5px;top:58px;">Refer to<div style="display:inline-block;width:6px;white-space:pre"> </div>Note 19.<div style="display:inline-block;width:6px;white-space:pre"> </div>“Stock-Based Compensation”</div><div id="a39172" style="position:absolute;font-family:'Arial';left:293px;top:58px;">for detailed<div style="display:inline-block;width:6px;white-space:pre"> </div>information related<div style="display:inline-block;width:6px;white-space:pre"> </div>to the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company’s<div style="display:inline-block;width:5px;white-space:pre"> </div>stock-based </div><div id="a39176" style="position:absolute;font-family:'Arial';left:5px;top:73px;">compensation plans.</div></div></div> 10 <div id="TextBlockContainer2260" style="position:relative;line-height:normal;width:676px;height:117px;"><div id="TextContainer2260" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a39178_1_29" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:9px;top:0px;">u)<div style="display:inline-block;width:7px;white-space:pre"> </div>(Loss) Earnings per Share </div><div id="a39185" style="position:absolute;font-family:'Arial';left:5px;top:29px;">Basic earnings per share is computed by dividing net income attributable to stockholders of the Company by the </div><div id="a39188" style="position:absolute;font-family:'Arial';left:5px;top:44px;">weighted-average number of shares of common stock<div style="display:inline-block;width:5px;white-space:pre"> </div>outstanding during the reporting period. </div><div id="a39192" style="position:absolute;font-family:'Arial';left:5px;top:70px;">Diluted net income<div style="display:inline-block;width:5px;white-space:pre"> </div>per share is computed<div style="display:inline-block;width:6px;white-space:pre"> </div>using the weighted-average<div style="display:inline-block;width:6px;white-space:pre"> </div>number of shares<div style="display:inline-block;width:5px;white-space:pre"> </div>of common stock<div style="display:inline-block;width:5px;white-space:pre"> </div>and </div><div id="a39195" style="position:absolute;font-family:'Arial';left:5px;top:85px;">dilutive<div style="display:inline-block;width:5px;white-space:pre"> </div>potential<div style="display:inline-block;width:5px;white-space:pre"> </div>shares<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>common<div style="display:inline-block;width:5px;white-space:pre"> </div>stock<div style="display:inline-block;width:5px;white-space:pre"> </div>outstanding<div style="display:inline-block;width:5px;white-space:pre"> </div>during<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>period.<div style="display:inline-block;width:5px;white-space:pre"> </div>Dilutive<div style="display:inline-block;width:5px;white-space:pre"> </div>potential<div style="display:inline-block;width:5px;white-space:pre"> </div>shares<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>common </div><div id="a39196" style="position:absolute;font-family:'Arial';left:5px;top:101px;">stock primarily consist of employee stock options and<div style="display:inline-block;width:5px;white-space:pre"> </div>restricted stock.</div></div></div> <div id="TextBlockContainer2263" style="position:relative;line-height:normal;width:676px;height:179px;"><div id="TextContainer2263" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a39199" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">(v)<div style="display:inline-block;width:8px;white-space:pre"> </div>Deferred Debt Issuance Costs </div><div id="a39208" style="position:absolute;font-family:'Arial';left:5px;top:29px;">The Company capitalizes costs<div style="display:inline-block;width:5px;white-space:pre"> </div>incurred in connection with new<div style="display:inline-block;width:5px;white-space:pre"> </div>borrowings, the establishment or<div style="display:inline-block;width:5px;white-space:pre"> </div>enhancement </div><div id="a39209" style="position:absolute;font-family:'Arial';left:5px;top:44px;">of credit<div style="display:inline-block;width:6px;white-space:pre"> </div>facilities<div style="display:inline-block;width:5px;white-space:pre"> </div>and the<div style="display:inline-block;width:6px;white-space:pre"> </div>issuance<div style="display:inline-block;width:5px;white-space:pre"> </div>of debt<div style="display:inline-block;width:6px;white-space:pre"> </div>securities.<div style="display:inline-block;width:5px;white-space:pre"> </div>These costs<div style="display:inline-block;width:6px;white-space:pre"> </div>are amortized<div style="display:inline-block;width:6px;white-space:pre"> </div>as an<div style="display:inline-block;width:6px;white-space:pre"> </div>adjustment to<div style="display:inline-block;width:6px;white-space:pre"> </div>interest </div><div id="a39210" style="position:absolute;font-family:'Arial';left:5px;top:59px;">expense over the<div style="display:inline-block;width:6px;white-space:pre"> </div>life of the<div style="display:inline-block;width:5px;white-space:pre"> </div>borrowing or term<div style="display:inline-block;width:6px;white-space:pre"> </div>of the credit<div style="display:inline-block;width:5px;white-space:pre"> </div>facility using the<div style="display:inline-block;width:6px;white-space:pre"> </div>effective interest<div style="display:inline-block;width:5px;white-space:pre"> </div>method. Deferred </div><div id="a39214" style="position:absolute;font-family:'Arial';left:5px;top:75px;">debt issuance costs related<div style="display:inline-block;width:2px;white-space:pre"> </div>to a recognized liability<div style="display:inline-block;width:2px;white-space:pre"> </div>are presented in the<div style="display:inline-block;width:2px;white-space:pre"> </div>Consolidated Balance Sheets as a<div style="display:inline-block;width:2px;white-space:pre"> </div>direct </div><div id="a39223" style="position:absolute;font-family:'Arial';left:5px;top:90px;">reduction from<div style="display:inline-block;width:2px;white-space:pre"> </div>the carrying amount<div style="display:inline-block;width:2px;white-space:pre"> </div>of that<div style="display:inline-block;width:2px;white-space:pre"> </div>liability whereas debt<div style="display:inline-block;width:2px;white-space:pre"> </div>issuance costs related<div style="display:inline-block;width:2px;white-space:pre"> </div>to a<div style="display:inline-block;width:2px;white-space:pre"> </div>revolving credit facility </div><div id="a39226" style="position:absolute;font-family:'Arial';left:5px;top:105px;">are shown as an asset and<div style="display:inline-block;width:5px;white-space:pre"> </div>amortized over the life of the<div style="display:inline-block;width:5px;white-space:pre"> </div>facility on a straight-line basis<div style="display:inline-block;width:5px;white-space:pre"> </div>and included in “Interest </div><div id="a39232" style="position:absolute;font-family:'Arial';left:5px;top:121px;">expense, net” in the Company’s Consolidated Statements<div style="display:inline-block;width:5px;white-space:pre"> </div>of Operations and Comprehensive Income.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a39235" style="position:absolute;font-family:'Arial';left:5px;top:147px;">For<div style="display:inline-block;width:5px;white-space:pre"> </div>information<div style="display:inline-block;width:5px;white-space:pre"> </div>on<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>unamortized<div style="display:inline-block;width:5px;white-space:pre"> </div>balance<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>deferred<div style="display:inline-block;width:5px;white-space:pre"> </div>debt<div style="display:inline-block;width:5px;white-space:pre"> </div>issuance<div style="display:inline-block;width:5px;white-space:pre"> </div>costs<div style="display:inline-block;width:5px;white-space:pre"> </div>related<div style="display:inline-block;width:5px;white-space:pre"> </div>to<div style="display:inline-block;width:5px;white-space:pre"> </div>outstanding<div style="display:inline-block;width:5px;white-space:pre"> </div>debt,<div style="display:inline-block;width:5px;white-space:pre"> </div>see </div><div id="a39239" style="position:absolute;font-family:'Arial';left:5px;top:162px;">Note 15. “Interest Bearing Liabilities”.</div></div></div> <div id="TextBlockContainer2270" style="position:relative;line-height:normal;width:676px;height:406px;"><div id="TextContainer2270" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a39245" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">3.<div style="display:inline-block;width:13px;white-space:pre"> </div>Segment Information </div><div id="a39249" style="position:absolute;font-family:'Arial';left:5px;top:29px;">The Company has<div style="display:inline-block;width:5px;white-space:pre"> </div>a portfolio of operating<div style="display:inline-block;width:6px;white-space:pre"> </div>mines and development<div style="display:inline-block;width:5px;white-space:pre"> </div>projects in Queensland,<div style="display:inline-block;width:5px;white-space:pre"> </div>Australia and in the </div><div id="a39250" style="position:absolute;font-family:'Arial';left:5px;top:44px;">states of<div style="display:inline-block;width:6px;white-space:pre"> </div>Pennsylvania, Virginia<div style="display:inline-block;width:6px;white-space:pre"> </div>and West<div style="display:inline-block;width:6px;white-space:pre"> </div>Virginia in<div style="display:inline-block;width:6px;white-space:pre"> </div>the U.S.<div style="display:inline-block;width:6px;white-space:pre"> </div>The Australian<div style="display:inline-block;width:6px;white-space:pre"> </div>Operations<div style="display:inline-block;width:5px;white-space:pre"> </div>are comprised<div style="display:inline-block;width:6px;white-space:pre"> </div>of the </div><div id="a39256" style="position:absolute;font-family:'Arial';left:5px;top:59px;">100%-owned<div style="display:inline-block;width:6px;white-space:pre"> </div>Curragh<div style="display:inline-block;width:6px;white-space:pre"> </div>producing<div style="display:inline-block;width:6px;white-space:pre"> </div>mine<div style="display:inline-block;width:6px;white-space:pre"> </div>complex.<div style="display:inline-block;width:6px;white-space:pre"> </div>The<div style="display:inline-block;width:6px;white-space:pre"> </div>U.S.<div style="display:inline-block;width:6px;white-space:pre"> </div>Operations<div style="display:inline-block;width:6px;white-space:pre"> </div>are<div style="display:inline-block;width:6px;white-space:pre"> </div>comprised<div style="display:inline-block;width:6px;white-space:pre"> </div>of </div><div id="a39256_80_3" style="position:absolute;font-family:'Arial';left:543px;top:59px;">two</div><div id="a39256_83_16" style="position:absolute;font-family:'Arial';left:563px;top:59px;"><div style="display:inline-block;width:6px;white-space:pre"> </div>producing<div style="display:inline-block;width:6px;white-space:pre"> </div>mine </div><div id="a39267" style="position:absolute;font-family:'Arial';left:5px;top:75px;">complexes (Buchanan and Logan) and </div><div id="a39267_35_3" style="position:absolute;font-family:'Arial';left:238px;top:75px;">one</div><div id="a39267_38_66" style="position:absolute;font-family:'Arial';left:260px;top:75px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>development property (Mon Valley),<div style="display:inline-block;width:6px;white-space:pre"> </div>all of which are 100% owned.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a39282" style="position:absolute;font-family:'Arial';left:5px;top:103px;">On January 14, 2025, and November 21, 2025, the Company completed the sale of its idled Greenbrier property </div><div id="a39283" style="position:absolute;font-family:'Arial';left:5px;top:119px;">and<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>Russell<div style="display:inline-block;width:5px;white-space:pre"> </div>County<div style="display:inline-block;width:5px;white-space:pre"> </div>development<div style="display:inline-block;width:5px;white-space:pre"> </div>mining<div style="display:inline-block;width:5px;white-space:pre"> </div>property,<div style="display:inline-block;width:6px;white-space:pre"> </div>respectively,<div style="display:inline-block;width:6px;white-space:pre"> </div>both<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>which<div style="display:inline-block;width:5px;white-space:pre"> </div>were<div style="display:inline-block;width:5px;white-space:pre"> </div>previously<div style="display:inline-block;width:5px;white-space:pre"> </div>part<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>the </div><div id="a39288" style="position:absolute;font-family:'Arial';left:5px;top:134px;">Company’s U.S. Operations. </div><div id="a39292" style="position:absolute;font-family:'Arial';left:5px;top:163px;">The<div style="display:inline-block;width:8px;white-space:pre"> </div>Company<div style="display:inline-block;width:8px;white-space:pre"> </div>operates<div style="display:inline-block;width:8px;white-space:pre"> </div>its<div style="display:inline-block;width:9px;white-space:pre"> </div>business<div style="display:inline-block;width:8px;white-space:pre"> </div>along </div><div id="a39292_40_3" style="position:absolute;font-family:'Arial';left:285px;top:163px;">two</div><div id="a39292_43_55" style="position:absolute;font-family:'Arial';left:306px;top:163px;"><div style="display:inline-block;width:8px;white-space:pre"> </div>reportable<div style="display:inline-block;width:9px;white-space:pre"> </div>segments:<div style="display:inline-block;width:9px;white-space:pre"> </div>Australia<div style="display:inline-block;width:8px;white-space:pre"> </div>and<div style="display:inline-block;width:8px;white-space:pre"> </div>United<div style="display:inline-block;width:8px;white-space:pre"> </div>States.<div style="display:inline-block;width:8px;white-space:pre"> </div>The </div><div id="a39295" style="position:absolute;font-family:'Arial';left:5px;top:178px;">organization<div style="display:inline-block;width:7px;white-space:pre"> </div>of<div style="display:inline-block;width:7px;white-space:pre"> </div>the </div><div id="a39295_20_3" style="position:absolute;font-family:'Arial';left:128px;top:178px;">two</div><div id="a39295_23_81" style="position:absolute;font-family:'Arial';left:149px;top:178px;"><div style="display:inline-block;width:7px;white-space:pre"> </div>reportable<div style="display:inline-block;width:7px;white-space:pre"> </div>segments<div style="display:inline-block;width:7px;white-space:pre"> </div>reflects<div style="display:inline-block;width:7px;white-space:pre"> </div>how<div style="display:inline-block;width:7px;white-space:pre"> </div>Coronado’s<div style="display:inline-block;width:8px;white-space:pre"> </div>Chief<div style="display:inline-block;width:7px;white-space:pre"> </div>Executive<div style="display:inline-block;width:7px;white-space:pre"> </div>Officer,<div style="display:inline-block;width:8px;white-space:pre"> </div>who<div style="display:inline-block;width:7px;white-space:pre"> </div>is<div style="display:inline-block;width:7px;white-space:pre"> </div>the </div><div id="a39297" style="position:absolute;font-family:'Arial';left:5px;top:193px;">Company’s<div style="display:inline-block;width:8px;white-space:pre"> </div>chief<div style="display:inline-block;width:8px;white-space:pre"> </div>operating<div style="display:inline-block;width:8px;white-space:pre"> </div>decision<div style="display:inline-block;width:8px;white-space:pre"> </div>maker,<div style="display:inline-block;width:9px;white-space:pre"> </div>or<div style="display:inline-block;width:8px;white-space:pre"> </div>CODM,<div style="display:inline-block;width:8px;white-space:pre"> </div>manages<div style="display:inline-block;width:8px;white-space:pre"> </div>and<div style="display:inline-block;width:8px;white-space:pre"> </div>allocates<div style="display:inline-block;width:8px;white-space:pre"> </div>resources<div style="display:inline-block;width:8px;white-space:pre"> </div>to<div style="display:inline-block;width:8px;white-space:pre"> </div>the<div style="display:inline-block;width:8px;white-space:pre"> </div>various </div><div id="a39299" style="position:absolute;font-family:'Arial';left:5px;top:209px;">components of the Company’s business.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a39301" style="position:absolute;font-family:'Arial';left:5px;top:237px;">The CODM<div style="display:inline-block;width:6px;white-space:pre"> </div>uses Adjusted<div style="display:inline-block;width:6px;white-space:pre"> </div>EBITDA as<div style="display:inline-block;width:6px;white-space:pre"> </div>the primary<div style="display:inline-block;width:6px;white-space:pre"> </div>metric to<div style="display:inline-block;width:6px;white-space:pre"> </div>measure each<div style="display:inline-block;width:6px;white-space:pre"> </div>segment’s<div style="display:inline-block;width:5px;white-space:pre"> </div>operating performance. </div><div id="a39302" style="position:absolute;font-family:'Arial';left:5px;top:253px;">Adjusted EBITDA is not a measure of financial performance calculated in accordance<div style="display:inline-block;width:2px;white-space:pre"> </div>with U.S. GAAP.<div style="display:inline-block;width:5px;white-space:pre"> </div>Investors </div><div id="a39307" style="position:absolute;font-family:'Arial';left:5px;top:268px;">should be aware that the Company’s presentation<div style="display:inline-block;width:5px;white-space:pre"> </div>of Adjusted EBITDA may not be comparable to similarly<div style="display:inline-block;width:5px;white-space:pre"> </div>titled </div><div id="a39308" style="position:absolute;font-family:'Arial';left:5px;top:283px;">financial measures used by other companies.<div style="display:inline-block;width:9px;white-space:pre"> </div></div><div id="a39310" style="position:absolute;font-family:'Arial';left:5px;top:312px;">Adjusted EBITDA is<div style="display:inline-block;width:2px;white-space:pre"> </div>defined as earnings<div style="display:inline-block;width:2px;white-space:pre"> </div>before interest, taxes,<div style="display:inline-block;width:2px;white-space:pre"> </div>depreciation, depletion and<div style="display:inline-block;width:2px;white-space:pre"> </div>amortization and other </div><div id="a39315" style="position:absolute;font-family:'Arial';left:5px;top:327px;">foreign exchange losses. Adjusted EBITDA is<div style="display:inline-block;width:2px;white-space:pre"> </div>also adjusted for certain discrete items<div style="display:inline-block;width:2px;white-space:pre"> </div>that management excludes </div><div id="a39318" style="position:absolute;font-family:'Arial';left:5px;top:343px;">in analyzing each<div style="display:inline-block;width:2px;white-space:pre"> </div>of the<div style="display:inline-block;width:2px;white-space:pre"> </div>Company’s segments’ operating performance.<div style="display:inline-block;width:2px;white-space:pre"> </div>“Other and corporate”<div style="display:inline-block;width:2px;white-space:pre"> </div>relates to additional </div><div id="a39319" style="position:absolute;font-family:'Arial';left:5px;top:358px;">financial information<div style="display:inline-block;width:6px;white-space:pre"> </div>for corporate<div style="display:inline-block;width:6px;white-space:pre"> </div>functions such<div style="display:inline-block;width:6px;white-space:pre"> </div>as financial<div style="display:inline-block;width:6px;white-space:pre"> </div>reporting and<div style="display:inline-block;width:6px;white-space:pre"> </div>accounting, treasury,<div style="display:inline-block;width:7px;white-space:pre"> </div>legal, human </div><div id="a39325" style="position:absolute;font-family:'Arial';left:5px;top:373px;">resources, compliance,<div style="display:inline-block;width:5px;white-space:pre"> </div>and tax.<div style="display:inline-block;width:9px;white-space:pre"> </div>As such, the<div style="display:inline-block;width:5px;white-space:pre"> </div>corporate function<div style="display:inline-block;width:5px;white-space:pre"> </div>is not determined<div style="display:inline-block;width:6px;white-space:pre"> </div>to be<div style="display:inline-block;width:5px;white-space:pre"> </div>a reportable segment </div><div id="a39327" style="position:absolute;font-family:'Arial';left:5px;top:389px;">but is discretely disclosed for purposes of reconciliation to the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company’s Consolidated Financial Statements. </div></div></div><div id="TextBlockContainer2273" style="position:relative;line-height:normal;width:642px;height:17px;"><div id="TextContainer2273" style="position:relative;width:642px;z-index:1;font-size:13.28px;"><div id="a39344" style="position:absolute;font-family:'Arial';left:5px;top:0px;">Reportable segment results for the years ended December 31,<div style="display:inline-block;width:5px;white-space:pre"> </div>2025, 2024 and 2023 are presented below:</div></div></div><div id="TextBlockContainer2277" style="position:relative;line-height:normal;width:672px;height:674px;"><div style="position:absolute; width:265px; height:1px; left:1.4px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:13px; height:1px; left:272.5px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:285.5px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:286.1px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:13px; height:1px; left:371.6px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:384.5px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:385.2px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:13.1px; height:1px; left:470.5px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:483.6px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:484.2px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:13px; height:1px; left:569.5px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:582.5px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:583.1px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:80px; height:1px; left:285.5px; top:118.1px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:384.5px; top:118.1px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:483.6px; top:118.1px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:582.5px; top:118.1px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:285.5px; top:156.6px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:384.5px; top:156.6px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:483.6px; top:156.6px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:582.5px; top:156.6px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1.9px; left:285.5px; top:175.3px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1.9px; left:384.5px; top:175.3px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1.9px; left:483.6px; top:175.3px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1.9px; left:582.5px; top:175.3px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:285.5px; top:338.4px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:384.5px; top:338.4px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:483.6px; top:338.4px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:582.5px; top:338.4px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:285.5px; top:377px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:384.5px; top:377px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:483.6px; top:377px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:582.5px; top:377px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1.9px; left:285.5px; top:395.7px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1.9px; left:384.5px; top:395.7px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1.9px; left:483.6px; top:395.7px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1.9px; left:582.5px; top:395.7px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:285.5px; top:561.8px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:384.5px; top:561.8px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:483.6px; top:561.8px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:582.5px; top:561.8px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:285.5px; top:600.4px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:384.5px; top:600.4px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:483.6px; top:600.4px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:582.5px; top:600.4px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1.9px; left:285.5px; top:619.1px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1.9px; left:384.5px; top:619.1px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1.9px; left:483.6px; top:619.1px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1.9px; left:582.5px; top:619.1px; background-color:#000000; "> </div> <div id="TextContainer2277" style="position:relative;width:672px;z-index:1;font-size:13.28px;"><div id="a39352" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:12px;">(US$ thousands) </div><div id="a39356" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:303px;top:12px;">Australia </div><div id="a39360" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:390px;top:12px;">United States </div><div id="a39364" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:498px;top:0px;">Other and </div><div id="a39365" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:498px;top:12px;">Corporate </div><div id="a39369" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:610px;top:12px;">Total </div><div id="a39371" style="position:absolute;font-family:'Arial';font-style:italic;left:4px;top:27px;">Year ended December 31,<div style="display:inline-block;width:5px;white-space:pre"> </div>2025 </div><div id="a39387" style="position:absolute;font-family:'Arial';left:22px;top:44px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>revenues </div><div id="a39390" style="position:absolute;font-family:'Arial';left:275px;top:43px;">$ </div><div id="a39392" style="position:absolute;font-family:'Arial';left:299px;top:44px;">1,185,298</div><div id="a39395" style="position:absolute;font-family:'Arial';left:374px;top:43px;">$ </div><div id="a39397" style="position:absolute;font-family:'Arial';left:410px;top:44px;">764,489</div><div id="a39400" style="position:absolute;font-family:'Arial';left:473px;top:43px;">$ </div><div id="a39402" style="position:absolute;font-family:'Arial';left:544px;top:44px;">—</div><div id="a39405" style="position:absolute;font-family:'Arial';left:572px;top:43px;">$ </div><div id="a39407" style="position:absolute;font-family:'Arial';left:597px;top:44px;">1,949,787</div><div id="a39409" style="position:absolute;font-family:'Arial';font-style:italic;left:22px;top:61px;">Less: </div><div id="a39423" style="position:absolute;font-family:'Arial';left:22px;top:82px;">Mining costs</div><div id="a39424" style="position:absolute;font-family:'Arial';font-size:8.64px;left:96px;top:82px;"><div style="display:inline-block;width:2px;white-space:pre"> </div>(1)</div><div id="a39429" style="position:absolute;font-family:'Arial';left:306px;top:82px;display:flex;">(932,030)</div><div id="a39433" style="position:absolute;font-family:'Arial';left:405px;top:82px;display:flex;">(585,509)</div><div id="a39437" style="position:absolute;font-family:'Arial';left:544px;top:82px;">—</div><div id="a39441" style="position:absolute;font-family:'Arial';left:592px;top:82px;display:flex;">(1,517,539)</div><div id="a39443" style="position:absolute;font-family:'Arial';left:22px;top:103px;">Other operating costs </div><div id="a39444" style="position:absolute;font-family:'Arial';font-size:8.64px;left:153px;top:103px;">(1)</div><div id="a39448" style="position:absolute;font-family:'Arial';left:306px;top:103px;display:flex;">(412,869)</div><div id="a39452" style="position:absolute;font-family:'Arial';left:405px;top:103px;display:flex;">(126,465)</div><div id="a39456" style="position:absolute;font-family:'Arial';left:544px;top:103px;">—</div><div id="a39460" style="position:absolute;font-family:'Arial';left:603px;top:103px;display:flex;">(539,334)</div><div id="a39462" style="position:absolute;font-family:'Arial';left:22px;top:121px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>operating costs </div><div id="a39466" style="position:absolute;font-family:'Arial';left:295px;top:121px;display:flex;">(1,344,899)</div><div id="a39470" style="position:absolute;font-family:'Arial';left:405px;top:121px;display:flex;">(711,974)</div><div id="a39474" style="position:absolute;font-family:'Arial';left:544px;top:121px;">—</div><div id="a39478" style="position:absolute;font-family:'Arial';left:592px;top:121px;display:flex;">(2,056,873)</div><div id="a39480" style="position:absolute;font-family:'Arial';left:22px;top:141px;">Other and unallocated items </div><div id="a39481" style="position:absolute;font-family:'Arial';font-size:8.64px;left:193px;top:142px;">(2)</div><div id="a39485" style="position:absolute;font-family:'Arial';left:325px;top:141px;">2,215</div><div id="a39489" style="position:absolute;font-family:'Arial';left:438px;top:141px;display:flex;">(39)</div><div id="a39493" style="position:absolute;font-family:'Arial';left:511px;top:141px;display:flex;">(39,257)</div><div id="a39497" style="position:absolute;font-family:'Arial';left:610px;top:141px;display:flex;">(37,081)</div><div id="a39499" style="position:absolute;font-family:'Arial';left:22px;top:160px;">Segment adjusted EBITDA </div><div id="a39503" style="position:absolute;font-family:'Arial';left:306px;top:160px;display:flex;">(157,386)</div><div id="a39507" style="position:absolute;font-family:'Arial';left:417px;top:160px;">52,476</div><div id="a39511" style="position:absolute;font-family:'Arial';left:511px;top:160px;display:flex;">(39,257)</div><div id="a39515" style="position:absolute;font-family:'Arial';left:603px;top:160px;display:flex;">(144,167)</div><div id="a39530" style="position:absolute;font-family:'Arial';left:22px;top:196px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>assets </div><div id="a39534" style="position:absolute;font-family:'Arial';left:299px;top:196px;">1,354,590</div><div id="a39538" style="position:absolute;font-family:'Arial';left:398px;top:196px;">1,075,270</div><div id="a39542" style="position:absolute;font-family:'Arial';left:509px;top:196px;">195,695</div><div id="a39546" style="position:absolute;font-family:'Arial';left:597px;top:196px;">2,625,555</div><div id="a39548" style="position:absolute;font-family:'Arial';left:22px;top:213px;">Capital expenditures </div><div id="a39552" style="position:absolute;font-family:'Arial';left:311px;top:213px;">148,842</div><div id="a39556" style="position:absolute;font-family:'Arial';left:410px;top:213px;">136,620</div><div id="a39560" style="position:absolute;font-family:'Arial';left:523px;top:213px;">5,342</div><div id="a39564" style="position:absolute;font-family:'Arial';left:608px;top:213px;">290,804</div><div id="a39579" style="position:absolute;font-family:'Arial';font-style:italic;left:4px;top:247px;">Year ended December 31,<div style="display:inline-block;width:5px;white-space:pre"> </div>2024 </div><div id="a39595" style="position:absolute;font-family:'Arial';left:22px;top:264px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>revenues </div><div id="a39598" style="position:absolute;font-family:'Arial';left:275px;top:263px;">$ </div><div id="a39600" style="position:absolute;font-family:'Arial';left:299px;top:264px;">1,594,981</div><div id="a39603" style="position:absolute;font-family:'Arial';left:374px;top:263px;">$ </div><div id="a39605" style="position:absolute;font-family:'Arial';left:410px;top:264px;">912,732</div><div id="a39608" style="position:absolute;font-family:'Arial';left:473px;top:263px;">$ </div><div id="a39610" style="position:absolute;font-family:'Arial';left:544px;top:264px;">—</div><div id="a39613" style="position:absolute;font-family:'Arial';left:572px;top:263px;">$ </div><div id="a39615" style="position:absolute;font-family:'Arial';left:597px;top:264px;">2,507,713</div><div id="a39617" style="position:absolute;font-family:'Arial';font-style:italic;left:22px;top:281px;">Less: </div><div id="a39631" style="position:absolute;font-family:'Arial';left:22px;top:302px;">Mining costs</div><div id="a39632" style="position:absolute;font-family:'Arial';font-size:8.64px;left:96px;top:303px;"><div style="display:inline-block;width:2px;white-space:pre"> </div>(1)</div><div id="a39637" style="position:absolute;font-family:'Arial';left:295px;top:302px;display:flex;">(1,054,066)</div><div id="a39641" style="position:absolute;font-family:'Arial';left:405px;top:302px;display:flex;">(629,242)</div><div id="a39645" style="position:absolute;font-family:'Arial';left:544px;top:302px;">—</div><div id="a39649" style="position:absolute;font-family:'Arial';left:592px;top:302px;display:flex;">(1,683,308)</div><div id="a39651" style="position:absolute;font-family:'Arial';left:22px;top:323px;">Other operating costs </div><div id="a39652" style="position:absolute;font-family:'Arial';font-size:8.64px;left:153px;top:324px;">(1)</div><div id="a39656" style="position:absolute;font-family:'Arial';left:306px;top:323px;display:flex;">(538,365)</div><div id="a39660" style="position:absolute;font-family:'Arial';left:405px;top:323px;display:flex;">(141,239)</div><div id="a39664" style="position:absolute;font-family:'Arial';left:544px;top:323px;">—</div><div id="a39668" style="position:absolute;font-family:'Arial';left:603px;top:323px;display:flex;">(679,604)</div><div id="a39670" style="position:absolute;font-family:'Arial';left:22px;top:341px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>operating costs </div><div id="a39674" style="position:absolute;font-family:'Arial';left:295px;top:341px;display:flex;">(1,592,431)</div><div id="a39678" style="position:absolute;font-family:'Arial';left:405px;top:341px;display:flex;">(770,481)</div><div id="a39682" style="position:absolute;font-family:'Arial';left:544px;top:341px;">—</div><div id="a39686" style="position:absolute;font-family:'Arial';left:592px;top:341px;display:flex;">(2,362,912)</div><div id="a39688" style="position:absolute;font-family:'Arial';left:22px;top:362px;">Other and unallocated items </div><div id="a39689" style="position:absolute;font-family:'Arial';font-size:8.64px;left:193px;top:362px;">(2)</div><div id="a39693" style="position:absolute;font-family:'Arial';left:337px;top:362px;">851</div><div id="a39697" style="position:absolute;font-family:'Arial';left:424px;top:362px;">4,982</div><div id="a39701" style="position:absolute;font-family:'Arial';left:511px;top:362px;display:flex;">(35,494)</div><div id="a39705" style="position:absolute;font-family:'Arial';left:610px;top:362px;display:flex;">(29,661)</div><div id="a39707" style="position:absolute;font-family:'Arial';left:22px;top:381px;">Segment adjusted EBITDA </div><div id="a39711" style="position:absolute;font-family:'Arial';left:325px;top:381px;">3,401</div><div id="a39715" style="position:absolute;font-family:'Arial';left:410px;top:381px;">147,233</div><div id="a39719" style="position:absolute;font-family:'Arial';left:511px;top:381px;display:flex;">(35,494)</div><div id="a39723" style="position:absolute;font-family:'Arial';left:608px;top:381px;">115,140</div><div id="a39738" style="position:absolute;font-family:'Arial';left:22px;top:420px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>assets </div><div id="a39742" style="position:absolute;font-family:'Arial';left:299px;top:420px;">1,213,903</div><div id="a39746" style="position:absolute;font-family:'Arial';left:398px;top:420px;">1,048,117</div><div id="a39750" style="position:absolute;font-family:'Arial';left:509px;top:420px;">255,732</div><div id="a39754" style="position:absolute;font-family:'Arial';left:597px;top:420px;">2,517,752</div><div id="a39756" style="position:absolute;font-family:'Arial';left:22px;top:437px;">Capital expenditures </div><div id="a39760" style="position:absolute;font-family:'Arial';left:318px;top:437px;">89,343</div><div id="a39764" style="position:absolute;font-family:'Arial';left:410px;top:437px;">156,401</div><div id="a39768" style="position:absolute;font-family:'Arial';left:523px;top:437px;">4,127</div><div id="a39772" style="position:absolute;font-family:'Arial';left:608px;top:437px;">249,871</div><div id="a39787" style="position:absolute;font-family:'Arial';font-style:italic;left:4px;top:471px;">Year ended December 31,<div style="display:inline-block;width:5px;white-space:pre"> </div>2023 </div><div id="a39803" style="position:absolute;font-family:'Arial';left:22px;top:488px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>revenues </div><div id="a39806" style="position:absolute;font-family:'Arial';left:275px;top:487px;">$ </div><div id="a39808" style="position:absolute;font-family:'Arial';left:299px;top:488px;">1,681,522</div><div id="a39811" style="position:absolute;font-family:'Arial';left:374px;top:487px;">$ </div><div id="a39813" style="position:absolute;font-family:'Arial';left:398px;top:488px;">1,209,081</div><div id="a39816" style="position:absolute;font-family:'Arial';left:473px;top:487px;">$ </div><div id="a39818" style="position:absolute;font-family:'Arial';left:544px;top:488px;">—</div><div id="a39821" style="position:absolute;font-family:'Arial';left:572px;top:487px;">$ </div><div id="a39823" style="position:absolute;font-family:'Arial';left:597px;top:488px;">2,890,603</div><div id="a39825" style="position:absolute;font-family:'Arial';font-style:italic;left:22px;top:505px;">Less: </div><div id="a39839" style="position:absolute;font-family:'Arial';left:22px;top:526px;">Mining costs</div><div id="a39840" style="position:absolute;font-family:'Arial';font-size:8.64px;left:96px;top:526px;"><div style="display:inline-block;width:2px;white-space:pre"> </div>(1)</div><div id="a39845" style="position:absolute;font-family:'Arial';left:295px;top:526px;display:flex;">(1,058,598)</div><div id="a39849" style="position:absolute;font-family:'Arial';left:405px;top:526px;display:flex;">(610,925)</div><div id="a39853" style="position:absolute;font-family:'Arial';left:544px;top:526px;">—</div><div id="a39857" style="position:absolute;font-family:'Arial';left:592px;top:526px;display:flex;">(1,669,523)</div><div id="a39859" style="position:absolute;font-family:'Arial';left:22px;top:547px;">Other operating costs </div><div id="a39860" style="position:absolute;font-family:'Arial';font-size:8.64px;left:153px;top:547px;">(1)</div><div id="a39864" style="position:absolute;font-family:'Arial';left:306px;top:547px;display:flex;">(621,356)</div><div id="a39868" style="position:absolute;font-family:'Arial';left:405px;top:547px;display:flex;">(182,866)</div><div id="a39872" style="position:absolute;font-family:'Arial';left:544px;top:547px;">—</div><div id="a39876" style="position:absolute;font-family:'Arial';left:603px;top:547px;display:flex;">(804,222)</div><div id="a39878" style="position:absolute;font-family:'Arial';left:22px;top:564px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>operating costs </div><div id="a39882" style="position:absolute;font-family:'Arial';left:295px;top:564px;display:flex;">(1,679,954)</div><div id="a39886" style="position:absolute;font-family:'Arial';left:405px;top:564px;display:flex;">(793,791)</div><div id="a39890" style="position:absolute;font-family:'Arial';left:544px;top:564px;">—</div><div id="a39894" style="position:absolute;font-family:'Arial';left:592px;top:564px;display:flex;">(2,473,745)</div><div id="a39896" style="position:absolute;font-family:'Arial';left:22px;top:585px;">Other and unallocated items </div><div id="a39897" style="position:absolute;font-family:'Arial';font-size:8.64px;left:193px;top:585px;">(2)</div><div id="a39901" style="position:absolute;font-family:'Arial';left:337px;top:585px;">680</div><div id="a39905" style="position:absolute;font-family:'Arial';left:424px;top:585px;">5,803</div><div id="a39909" style="position:absolute;font-family:'Arial';left:511px;top:585px;display:flex;">(41,629)</div><div id="a39913" style="position:absolute;font-family:'Arial';left:610px;top:585px;display:flex;">(35,146)</div><div id="a39915" style="position:absolute;font-family:'Arial';left:22px;top:604px;">Segment adjusted EBITDA </div><div id="a39919" style="position:absolute;font-family:'Arial';left:325px;top:604px;">2,249</div><div id="a39923" style="position:absolute;font-family:'Arial';left:410px;top:604px;">421,093</div><div id="a39927" style="position:absolute;font-family:'Arial';left:511px;top:604px;display:flex;">(41,629)</div><div id="a39931" style="position:absolute;font-family:'Arial';left:608px;top:604px;">381,713</div><div id="a39946" style="position:absolute;font-family:'Arial';left:22px;top:640px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>assets </div><div id="a39950" style="position:absolute;font-family:'Arial';left:299px;top:640px;">1,322,610</div><div id="a39954" style="position:absolute;font-family:'Arial';left:398px;top:640px;">1,010,199</div><div id="a39958" style="position:absolute;font-family:'Arial';left:509px;top:640px;">345,229</div><div id="a39962" style="position:absolute;font-family:'Arial';left:597px;top:640px;">2,678,038</div><div id="a39964" style="position:absolute;font-family:'Arial';left:22px;top:657px;">Capital expenditures </div><div id="a39968" style="position:absolute;font-family:'Arial';left:318px;top:657px;">55,412</div><div id="a39972" style="position:absolute;font-family:'Arial';left:410px;top:657px;">171,686</div><div id="a39976" style="position:absolute;font-family:'Arial';left:535px;top:657px;">660</div><div id="a39980" style="position:absolute;font-family:'Arial';left:608px;top:657px;">227,758</div></div></div><div id="TextBlockContainer2285" style="position:relative;line-height:normal;width:670px;height:46px;"><div id="div_2282_XBRL_TS_770bd24191d345b3bbcd37b60fd86c42" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2283" style="position:relative;line-height:normal;width:670px;height:46px;"><div id="TextContainer2283" style="position:relative;width:670px;z-index:1;font-size:13.28px;"><div id="a39983" style="position:absolute;font-family:'Arial';font-size:8.64px;left:3px;top:0px;">(1)</div><div id="a39985" style="position:absolute;font-family:'Arial';font-size:10.72px;left:19px;top:2px;">The<div style="display:inline-block;width:4px;white-space:pre"> </div>significant<div style="display:inline-block;width:4px;white-space:pre"> </div>expense category<div style="display:inline-block;width:5px;white-space:pre"> </div>and<div style="display:inline-block;width:4px;white-space:pre"> </div>amount aligns<div style="display:inline-block;width:5px;white-space:pre"> </div>with the<div style="display:inline-block;width:5px;white-space:pre"> </div>segment-level information<div style="display:inline-block;width:5px;white-space:pre"> </div>that<div style="display:inline-block;width:4px;white-space:pre"> </div>is regularly<div style="display:inline-block;width:6px;white-space:pre"> </div>provided to<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:4px;white-space:pre"> </div>CODM and </div><div id="a39990" style="position:absolute;font-family:'Arial';font-size:10.72px;left:3px;top:17px;">excludes Depreciation, Depletion and Amortization</div><div id="a39991" style="position:absolute;font-family:'Arial';left:242px;top:15px;">. </div><div id="a39993" style="position:absolute;font-family:'Arial';font-size:8.64px;left:3px;top:31px;">(2)</div><div id="a39997" style="position:absolute;font-family:'Arial';font-size:10.72px;left:17px;top:33px;">Other and unallocated items for Other and Corporate includes<div style="display:inline-block;width:1px;white-space:pre"> </div>selling, general and administrative expenses.</div></div></div></div></div><div id="TextBlockContainer2288" style="position:relative;line-height:normal;width:676px;height:32px;"><div id="TextContainer2288" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a40017" style="position:absolute;font-family:'Arial';left:5px;top:0px;">The reconciliation<div style="display:inline-block;width:1px;white-space:pre"> </div>s<div style="display:inline-block;width:5px;white-space:pre"> </div>of net<div style="display:inline-block;width:6px;white-space:pre"> </div>(loss)<div style="display:inline-block;width:5px;white-space:pre"> </div>income attributable<div style="display:inline-block;width:6px;white-space:pre"> </div>to the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company<div style="display:inline-block;width:5px;white-space:pre"> </div>to Adjusted<div style="display:inline-block;width:6px;white-space:pre"> </div>EBITDA for<div style="display:inline-block;width:6px;white-space:pre"> </div>the years<div style="display:inline-block;width:6px;white-space:pre"> </div>ended </div><div id="a40028" style="position:absolute;font-family:'Arial';left:5px;top:15px;">December 31, 2025, 2024 and 2023 are as follows:</div></div></div><div id="TextBlockContainer2294" style="position:relative;line-height:normal;width:669px;height:303px;"><div id="div_2291_XBRL_TS_5a17b17cffd14169a2bd3ad444d2b156" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2292" style="position:relative;line-height:normal;width:669px;height:303px;"><div style="position:absolute; width:92px; height:1px; left:371.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:463.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:463.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:469.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:91.4px; height:1px; left:469.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:561.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.4px; height:1px; left:561.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:567.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:91.4px; height:1px; left:567.9px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:364.1px; height:1px; left:1px; top:29.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:371.2px; top:29.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:383.2px; top:29.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:383.8px; top:29.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:469.1px; top:29.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:481.1px; top:29.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:481.7px; top:29.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:567.2px; top:29.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:579.2px; top:29.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:579.9px; top:29.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:371.2px; top:247.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:383.2px; top:247.5px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:383.8px; top:247.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:469.1px; top:247.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:481.1px; top:247.5px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:481.7px; top:247.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:567.2px; top:247.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:579.2px; top:247.5px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:579.9px; top:247.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:371.2px; top:282.3px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:383.2px; top:282.3px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:383.8px; top:282.3px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:469.1px; top:282.3px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:481.1px; top:282.3px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:481.7px; top:282.3px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:567.2px; top:282.3px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:579.2px; top:282.3px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:579.9px; top:282.3px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:370.2px; top:301px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:382.2px; top:301px; background-color:#000000; "> </div> <div style="position:absolute; width:78.1px; height:1px; left:385.1px; top:301px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:468.1px; top:301px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:480.1px; top:301px; background-color:#000000; "> </div> <div style="position:absolute; width:78.1px; height:1px; left:483px; top:301px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:566.3px; top:301px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:578.3px; top:301px; background-color:#000000; "> </div> <div style="position:absolute; width:78.1px; height:1px; left:581.1px; top:301px; background-color:#000000; "> </div> <div id="TextContainer2292" style="position:relative;width:669px;z-index:1;font-size:13.28px;"><div id="a40039" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:450px;top:0px;">Year Ended December 31, </div><div id="a40041" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:18px;">(US$ thousands) </div><div id="a40044" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:406px;top:18px;">2025 </div><div id="a40047" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:504px;top:18px;">2024 </div><div id="a40050" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:602px;top:18px;">2023 </div><div id="a40052" style="position:absolute;font-family:'Arial';left:4px;top:32px;">Consolidated Adjusted EBITDA </div><div id="a40055" style="position:absolute;font-family:'Arial';left:374px;top:32px;">$ </div><div id="a40057" style="position:absolute;font-family:'Arial';left:404px;top:32px;display:flex;">(144,167)</div><div id="a40060" style="position:absolute;font-family:'Arial';left:472px;top:32px;">$ </div><div id="a40062" style="position:absolute;font-family:'Arial';left:507px;top:32px;">115,140</div><div id="a40065" style="position:absolute;font-family:'Arial';left:570px;top:32px;">$ </div><div id="a40067" style="position:absolute;font-family:'Arial';left:605px;top:32px;">381,713</div><div id="a40069" style="position:absolute;font-family:'Arial';left:4px;top:49px;">Depreciation, depletion and amortization </div><div id="a40073" style="position:absolute;font-family:'Arial';left:404px;top:49px;display:flex;">(185,350)</div><div id="a40077" style="position:absolute;font-family:'Arial';left:502px;top:49px;display:flex;">(187,400)</div><div id="a40081" style="position:absolute;font-family:'Arial';left:600px;top:49px;display:flex;">(160,711)</div><div id="a40083" style="position:absolute;font-family:'Arial';left:4px;top:68px;">Interest expense, net</div><div id="a40084" style="position:absolute;font-family:'Arial';font-size:8.64px;left:128px;top:69px;">(1)</div><div id="a40088" style="position:absolute;font-family:'Arial';left:411px;top:68px;display:flex;">(99,291)</div><div id="a40092" style="position:absolute;font-family:'Arial';left:509px;top:68px;display:flex;">(58,856)</div><div id="a40096" style="position:absolute;font-family:'Arial';left:607px;top:68px;display:flex;">(56,751)</div><div id="a40098" style="position:absolute;font-family:'Arial';left:4px;top:85px;">Loss on debt extinguishment </div><div id="a40102" style="position:absolute;font-family:'Arial';left:411px;top:85px;display:flex;">(19,258)</div><div id="a40106" style="position:absolute;font-family:'Arial';left:509px;top:85px;display:flex;">(14,732)</div><div id="a40110" style="position:absolute;font-family:'Arial';left:615px;top:85px;display:flex;">(1,385)</div><div id="a40112" style="position:absolute;font-family:'Arial';left:4px;top:104px;">Other foreign exchange gains</div><div id="a40113" style="position:absolute;font-family:'Arial';font-size:8.64px;left:179px;top:105px;">(2)</div><div id="a40117" style="position:absolute;font-family:'Arial';left:435px;top:104px;">585</div><div id="a40121" style="position:absolute;font-family:'Arial';left:514px;top:104px;">12,339</div><div id="a40125" style="position:absolute;font-family:'Arial';left:619px;top:104px;">2,899</div><div id="a40127" style="position:absolute;font-family:'Arial';left:4px;top:123px;">Uncertain stamp duty position</div><div id="a40128" style="position:absolute;font-family:'Arial';font-size:8.64px;left:180px;top:124px;">(3)</div><div id="a40132" style="position:absolute;font-family:'Arial';left:444px;top:123px;">—</div><div id="a40136" style="position:absolute;font-family:'Arial';left:542px;top:123px;">—</div><div id="a40140" style="position:absolute;font-family:'Arial';left:607px;top:123px;display:flex;">(41,321)</div><div id="a40142" style="position:absolute;font-family:'Arial';left:4px;top:143px;">Impairment of assets </div><div id="a40146" style="position:absolute;font-family:'Arial';left:444px;top:143px;">—</div><div id="a40150" style="position:absolute;font-family:'Arial';left:509px;top:143px;display:flex;">(10,585)</div><div id="a40154" style="position:absolute;font-family:'Arial';left:640px;top:143px;">—</div><div id="a40156" style="position:absolute;font-family:'Arial';left:4px;top:162px;">Restructuring costs</div><div id="a40157" style="position:absolute;font-family:'Arial';font-size:8.64px;left:118px;top:163px;">(4)</div><div id="a40161" style="position:absolute;font-family:'Arial';left:444px;top:162px;">—</div><div id="a40165" style="position:absolute;font-family:'Arial';left:528px;top:162px;display:flex;">(729)</div><div id="a40169" style="position:absolute;font-family:'Arial';left:640px;top:162px;">—</div><div id="a40171" style="position:absolute;font-family:'Arial';left:4px;top:181px;">Gains (losses) on sale of assets</div><div id="a40172" style="position:absolute;font-family:'Arial';font-size:8.64px;left:193px;top:182px;">(5)</div><div id="a40176" style="position:absolute;font-family:'Arial';left:423px;top:181px;">8,817</div><div id="a40180" style="position:absolute;font-family:'Arial';left:517px;top:181px;display:flex;">(4,574)</div><div id="a40184" style="position:absolute;font-family:'Arial';left:615px;top:181px;display:flex;">(4,846)</div><div id="a40186" style="position:absolute;font-family:'Arial';left:4px;top:200px;">(Increase) decrease in provision for discounting </div><div id="a40188" style="position:absolute;font-family:'Arial';left:4px;top:215px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>and credit losses </div><div id="a40193" style="position:absolute;font-family:'Arial';left:419px;top:215px;display:flex;">(4,758)</div><div id="a40197" style="position:absolute;font-family:'Arial';left:533px;top:215px;">207</div><div id="a40201" style="position:absolute;font-family:'Arial';left:619px;top:215px;">4,216</div><div id="a40203" style="position:absolute;font-family:'Arial';left:4px;top:232px;">Other </div><div id="a40207" style="position:absolute;font-family:'Arial';left:430px;top:232px;display:flex;">(993)</div><div id="a40211" style="position:absolute;font-family:'Arial';left:542px;top:232px;">—</div><div id="a40215" style="position:absolute;font-family:'Arial';left:640px;top:232px;">—</div><div id="a40217" style="position:absolute;font-family:'Arial';left:4px;top:250px;">Net (loss) income before tax </div><div id="a40220" style="position:absolute;font-family:'Arial';left:374px;top:250px;">$ </div><div id="a40222" style="position:absolute;font-family:'Arial';left:404px;top:250px;display:flex;">(444,415)</div><div id="a40225" style="position:absolute;font-family:'Arial';left:472px;top:250px;">$ </div><div id="a40227" style="position:absolute;font-family:'Arial';left:502px;top:250px;display:flex;">(149,190)</div><div id="a40230" style="position:absolute;font-family:'Arial';left:570px;top:250px;">$ </div><div id="a40232" style="position:absolute;font-family:'Arial';left:605px;top:250px;">123,814</div><div id="a40234" style="position:absolute;font-family:'Arial';left:4px;top:267px;">Income tax benefit </div><div id="a40238" style="position:absolute;font-family:'Arial';left:416px;top:267px;">12,359</div><div id="a40242" style="position:absolute;font-family:'Arial';left:514px;top:267px;">40,309</div><div id="a40246" style="position:absolute;font-family:'Arial';left:612px;top:267px;">32,251</div><div id="a40248" style="position:absolute;font-family:'Arial';left:4px;top:286px;">Net (loss) income </div><div id="a40251" style="position:absolute;font-family:'Arial';left:374px;top:286px;">$ </div><div id="a40253" style="position:absolute;font-family:'Arial';left:404px;top:286px;display:flex;">(432,056)</div><div id="a40256" style="position:absolute;font-family:'Arial';left:472px;top:286px;">$ </div><div id="a40258" style="position:absolute;font-family:'Arial';left:502px;top:286px;display:flex;">(108,881)</div><div id="a40261" style="position:absolute;font-family:'Arial';left:570px;top:286px;">$ </div><div id="a40263" style="position:absolute;font-family:'Arial';left:605px;top:286px;">156,065</div></div></div></div></div><div id="TextBlockContainer2300" style="position:relative;line-height:normal;width:668px;height:148px;"><div id="div_2297_XBRL_TS_eedbe642f552465985e0d54c927acb5d" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2298" style="position:relative;line-height:normal;width:668px;height:148px;"><div id="TextContainer2298" style="position:relative;width:668px;z-index:1;font-size:13.28px;"><div id="a40266" style="position:absolute;font-family:'Arial';font-size:6.72px;left:2px;top:1px;">(1)</div><div id="a40268" style="position:absolute;font-family:'Arial';font-size:10.08px;left:13px;top:1px;">Includes interest income of $</div><div id="a40268_29_3" style="position:absolute;font-family:'Arial';font-size:10.08px;left:140px;top:1px;">9.4</div><div id="a40268_32_11" style="position:absolute;font-family:'Arial';font-size:10.08px;left:154px;top:1px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>million, $</div><div id="a40268_43_4" style="position:absolute;font-family:'Arial';font-size:10.08px;left:197px;top:1px;">15.4</div><div id="a40268_47_15" style="position:absolute;font-family:'Arial';font-size:10.08px;left:216px;top:1px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>million, and $</div><div id="a40268_62_3" style="position:absolute;font-family:'Arial';font-size:10.08px;left:278px;top:1px;">7.6</div><div id="a40268_65_72" style="position:absolute;font-family:'Arial';font-size:10.08px;left:292px;top:1px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>million for the years ended December 31,<div style="display:inline-block;width:1px;white-space:pre"> </div>2025, 2024, 2023 respectively.</div><div id="a40291" style="position:absolute;font-family:'Arial';font-size:6.72px;left:2px;top:25px;">(2)</div><div id="a40293" style="position:absolute;font-family:'Arial';font-size:10.08px;left:13px;top:26px;">Refer to Note 4. “Other, net” for further discussion. </div><div id="a40303" style="position:absolute;font-family:'Arial';font-size:6.72px;left:2px;top:50px;">(3)</div><div id="a40304" style="position:absolute;font-family:'Arial';font-size:10.08px;left:11px;top:51px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>Relates to stamp duty on Curragh’s acquisition.<div style="display:inline-block;width:1px;white-space:pre"> </div></div><div id="a40307" style="position:absolute;font-family:'Arial';font-size:6.72px;left:2px;top:75px;">(4)</div><div id="a40311" style="position:absolute;font-family:'Arial';font-size:10.08px;left:13px;top:75px;">During the year ended December 31, 2024, a restructuring and cost transformation initiative commenced at the Australian Operations to focus on </div><div id="a40313" style="position:absolute;font-family:'Arial';font-size:10.08px;left:2px;top:87px;">repositioning the Company’s efforts to align its cost<div style="display:inline-block;width:1px;white-space:pre"> </div>structures and optimize its operations. </div><div id="a40315" style="position:absolute;font-family:'Arial';font-size:6.72px;left:2px;top:111px;">(5)</div><div id="a40319" style="position:absolute;font-family:'Arial';font-size:10.08px;left:13px;top:112px;">During the year ended<div style="display:inline-block;width:1px;white-space:pre"> </div>December 31, 2025,<div style="display:inline-block;width:1px;white-space:pre"> </div>the Company recognized<div style="display:inline-block;width:1px;white-space:pre"> </div>an $</div><div id="a40319_68_4" style="position:absolute;font-family:'Arial';font-size:10.08px;left:339px;top:112px;">11.0</div><div id="a40319_72_69" style="position:absolute;font-family:'Arial';font-size:10.08px;left:359px;top:112px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>million gain on disposal<div style="display:inline-block;width:1px;white-space:pre"> </div>of the Russell County<div style="display:inline-block;width:1px;white-space:pre"> </div>development property </div><div id="a40325" style="position:absolute;font-family:'Arial';font-size:10.08px;left:2px;top:123px;">and a $</div><div id="a40325_7_3" style="position:absolute;font-family:'Arial';font-size:10.08px;left:35px;top:123px;">2.2</div><div id="a40325_10_142" style="position:absolute;font-family:'Arial';font-size:10.08px;left:49px;top:123px;"><div style="display:inline-block;width:2px;white-space:pre"> </div>million loss on disposal<div style="display:inline-block;width:1px;white-space:pre"> </div>of the Greenbrier<div style="display:inline-block;width:1px;white-space:pre"> </div>idle asset, both<div style="display:inline-block;width:1px;white-space:pre"> </div>of which previously<div style="display:inline-block;width:1px;white-space:pre"> </div>part of its U.S.<div style="display:inline-block;width:1px;white-space:pre"> </div>Operations. During the<div style="display:inline-block;width:1px;white-space:pre"> </div>years ended December </div><div id="a40332" style="position:absolute;font-family:'Arial';font-size:10.08px;left:2px;top:135px;">31, 2024 and 2023, it included care and<div style="display:inline-block;width:1px;white-space:pre"> </div>maintenance costs of the idled non-core asset<div style="display:inline-block;width:1px;white-space:pre"> </div>Greenbrier that was sold on January 14,<div style="display:inline-block;width:1px;white-space:pre"> </div>2025.</div></div></div></div></div><div id="TextBlockContainer2303" style="position:relative;line-height:normal;width:676px;height:47px;"><div id="TextContainer2303" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a40341" style="position:absolute;font-family:'Arial';left:5px;top:0px;">The<div style="display:inline-block;width:6px;white-space:pre"> </div>reconciliations<div style="display:inline-block;width:7px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>capital<div style="display:inline-block;width:7px;white-space:pre"> </div>expenditures<div style="display:inline-block;width:7px;white-space:pre"> </div>per<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company’s<div style="display:inline-block;width:7px;white-space:pre"> </div>segment<div style="display:inline-block;width:7px;white-space:pre"> </div>information<div style="display:inline-block;width:7px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>capital<div style="display:inline-block;width:7px;white-space:pre"> </div>expenditures </div><div id="a40347" style="position:absolute;font-family:'Arial';left:5px;top:15px;">disclosed on<div style="display:inline-block;width:6px;white-space:pre"> </div>the Consolidated<div style="display:inline-block;width:6px;white-space:pre"> </div>Statements of<div style="display:inline-block;width:6px;white-space:pre"> </div>Cash Flows<div style="display:inline-block;width:6px;white-space:pre"> </div>for the<div style="display:inline-block;width:6px;white-space:pre"> </div>years ended<div style="display:inline-block;width:6px;white-space:pre"> </div>December<div style="display:inline-block;width:5px;white-space:pre"> </div>31, 2025,<div style="display:inline-block;width:6px;white-space:pre"> </div>2024 and </div><div id="a40359" style="position:absolute;font-family:'Arial';left:5px;top:31px;">2023 are as follows:</div></div></div><div id="TextBlockContainer2309" style="position:relative;line-height:normal;width:670px;height:135px;"><div id="div_2306_XBRL_TS_49211f9c2a4149df8b8025fab338380c" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2307" style="position:relative;line-height:normal;width:670px;height:135px;"><div style="position:absolute; width:91px; height:1px; left:376.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:467.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:467.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:473.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:90.4px; height:1px; left:473.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:564.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:564.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:570.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:90.4px; height:1px; left:570.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:371.1px; height:1px; left:1px; top:28.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:11px; height:1px; left:376.1px; top:28.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:387.2px; top:28.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:387.8px; top:28.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:11px; height:1px; left:473.1px; top:28.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:484.1px; top:28.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:484.8px; top:28.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:11px; height:1px; left:570.1px; top:28.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:581.1px; top:28.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:581.8px; top:28.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:11px; height:1px; left:376.1px; top:114.6px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:387.2px; top:114.6px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:387.8px; top:114.6px; background-color:#000000; "> </div> <div style="position:absolute; width:11px; height:1px; left:473.1px; top:114.6px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:484.1px; top:114.6px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:484.8px; top:114.6px; background-color:#000000; "> </div> <div style="position:absolute; width:11px; height:1px; left:570.1px; top:114.6px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:581.1px; top:114.6px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:581.8px; top:114.6px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:375.2px; top:133.3px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:386.2px; top:133.3px; background-color:#000000; "> </div> <div style="position:absolute; width:78.1px; height:1px; left:389.1px; top:133.3px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:472.1px; top:133.3px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:483.2px; top:133.3px; background-color:#000000; "> </div> <div style="position:absolute; width:78.1px; height:1px; left:486.1px; top:133.3px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:569.1px; top:133.3px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:580.2px; top:133.3px; background-color:#000000; "> </div> <div style="position:absolute; width:78.1px; height:1px; left:583.1px; top:133.3px; background-color:#000000; "> </div> <div id="TextContainer2307" style="position:relative;width:670px;z-index:1;font-size:13.28px;"><div id="a40365" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:453px;top:0px;">Year Ended December 31, </div><div id="a40367" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:17px;">(US$ thousands) </div><div id="a40370" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:410px;top:17px;">2025 </div><div id="a40373" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:507px;top:17px;">2024 </div><div id="a40376" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:604px;top:17px;">2023 </div><div id="a40378" style="position:absolute;font-family:'Arial';left:4px;top:33px;">Capital expenditures per Consolidated Statement of<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a40380" style="position:absolute;font-family:'Arial';left:4px;top:48px;">Cash Flows </div><div id="a40383" style="position:absolute;font-family:'Arial';left:379px;top:48px;">$ </div><div id="a40385" style="position:absolute;font-family:'Arial';left:413px;top:48px;">244,784</div><div id="a40388" style="position:absolute;font-family:'Arial';left:476px;top:48px;">$ </div><div id="a40390" style="position:absolute;font-family:'Arial';left:510px;top:48px;">248,142</div><div id="a40393" style="position:absolute;font-family:'Arial';left:573px;top:48px;">$ </div><div id="a40395" style="position:absolute;font-family:'Arial';left:607px;top:48px;">237,205</div><div id="a40397" style="position:absolute;font-family:'Arial';left:4px;top:65px;">Net movement in accruals for capital expenditures </div><div id="a40401" style="position:absolute;font-family:'Arial';left:415px;top:65px;display:flex;">(10,173)</div><div id="a40405" style="position:absolute;font-family:'Arial';left:517px;top:65px;">12,497</div><div id="a40409" style="position:absolute;font-family:'Arial';left:628px;top:65px;display:flex;">(453)</div><div id="a40411" style="position:absolute;font-family:'Arial';left:4px;top:82px;">Capital acquired through finance leases </div><div id="a40415" style="position:absolute;font-family:'Arial';left:420px;top:82px;">29,072</div><div id="a40419" style="position:absolute;font-family:'Arial';left:545px;top:82px;">—</div><div id="a40423" style="position:absolute;font-family:'Arial';left:642px;top:82px;">—</div><div id="a40425" style="position:absolute;font-family:'Arial';left:4px;top:99px;">Net movement in deposits to acquire long lead capital<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a40429" style="position:absolute;font-family:'Arial';left:420px;top:99px;">27,121</div><div id="a40433" style="position:absolute;font-family:'Arial';left:512px;top:99px;display:flex;">(10,768)</div><div id="a40437" style="position:absolute;font-family:'Arial';left:617px;top:99px;display:flex;">(8,994)</div><div id="a40439" style="position:absolute;font-family:'Arial';left:4px;top:118px;">Capital expenditures per segment detail </div><div id="a40442" style="position:absolute;font-family:'Arial';left:379px;top:118px;">$ </div><div id="a40444" style="position:absolute;font-family:'Arial';left:413px;top:118px;">290,804</div><div id="a40447" style="position:absolute;font-family:'Arial';left:476px;top:118px;">$ </div><div id="a40449" style="position:absolute;font-family:'Arial';left:510px;top:118px;">249,871</div><div id="a40452" style="position:absolute;font-family:'Arial';left:573px;top:118px;">$ </div><div id="a40454" style="position:absolute;font-family:'Arial';left:607px;top:118px;">227,758</div></div></div></div></div><div id="TextBlockContainer2312" style="position:relative;line-height:normal;width:676px;height:76px;"><div id="TextContainer2312" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a40457" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:0px;">Disaggregation of Revenue </div><div id="a40459" style="position:absolute;font-family:'Arial';left:5px;top:29px;">The Company disaggregates the revenue<div style="display:inline-block;width:5px;white-space:pre"> </div>from contracts with customers by<div style="display:inline-block;width:5px;white-space:pre"> </div>major product group for each of<div style="display:inline-block;width:5px;white-space:pre"> </div>the </div><div id="a40460" style="position:absolute;font-family:'Arial';left:5px;top:44px;">Company’s<div style="display:inline-block;width:5px;white-space:pre"> </div>segments,<div style="display:inline-block;width:5px;white-space:pre"> </div>as the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company<div style="display:inline-block;width:5px;white-space:pre"> </div>believes<div style="display:inline-block;width:5px;white-space:pre"> </div>it best<div style="display:inline-block;width:6px;white-space:pre"> </div>depicts the<div style="display:inline-block;width:6px;white-space:pre"> </div>nature,<div style="display:inline-block;width:5px;white-space:pre"> </div>amount,<div style="display:inline-block;width:5px;white-space:pre"> </div>timing<div style="display:inline-block;width:5px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>uncertainty<div style="display:inline-block;width:5px;white-space:pre"> </div>of </div><div id="a40463" style="position:absolute;font-family:'Arial';left:5px;top:59px;">revenues and cash flows. All revenue is recognized at a point<div style="display:inline-block;width:5px;white-space:pre"> </div>in time.</div></div></div><div id="TextBlockContainer2318" style="position:relative;line-height:normal;width:666px;height:135px;"><div id="div_2315_XBRL_TS_45109c5e69bb49898c9db8e2b3459581" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2316" style="position:relative;line-height:normal;width:666px;height:135px;"><div style="position:absolute; width:13.1px; height:1px; left:369.9px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:383.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:383.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:463.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:463.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:469px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12.3px; height:1px; left:469.6px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:481.9px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:482.6px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:562px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.4px; height:1px; left:562.6px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:568.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12.3px; height:1px; left:568.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:581px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:581.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:363.1px; height:1px; left:0.9px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:13.1px; height:1px; left:369.9px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:383.1px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:383.7px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:13px; height:1px; left:469px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:481.9px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:482.6px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:13px; height:1px; left:568.1px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:581px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:581.7px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:13.1px; height:1px; left:369.9px; top:79.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:383.1px; top:79.8px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:383.7px; top:79.8px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:469px; top:79.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:481.9px; top:79.8px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:482.6px; top:79.8px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:568.1px; top:79.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:581px; top:79.8px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:581.7px; top:79.8px; background-color:#000000; "> </div> <div style="position:absolute; width:13.1px; height:1px; left:369.9px; top:114.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:383.1px; top:114.5px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:383.7px; top:114.5px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:469px; top:114.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:481.9px; top:114.5px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:482.6px; top:114.5px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:568.1px; top:114.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:581px; top:114.5px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:581.7px; top:114.5px; background-color:#000000; "> </div> <div style="position:absolute; width:14.1px; height:1px; left:369px; top:133.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:382.1px; top:133.2px; background-color:#000000; "> </div> <div style="position:absolute; width:78.1px; height:1px; left:385px; top:133.2px; background-color:#000000; "> </div> <div style="position:absolute; width:13.9px; height:1px; left:468px; top:133.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:481px; top:133.2px; background-color:#000000; "> </div> <div style="position:absolute; width:78.1px; height:1px; left:483.9px; top:133.2px; background-color:#000000; "> </div> <div style="position:absolute; width:13.9px; height:1px; left:567.1px; top:133.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:580.1px; top:133.2px; background-color:#000000; "> </div> <div style="position:absolute; width:78.1px; height:1px; left:582.9px; top:133.2px; background-color:#000000; "> </div> <div id="TextContainer2316" style="position:relative;width:666px;z-index:1;font-size:13.28px;"><div id="a40483" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:443px;top:0px;">Year Ended December 31, 2025 </div><div id="a40485" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:16px;">(US$ thousands) </div><div id="a40489" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:401px;top:16px;">Australia </div><div id="a40493" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:488px;top:16px;">United States </div><div id="a40497" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:609px;top:16px;">Total </div><div id="a40499" style="position:absolute;font-family:'Arial';left:4px;top:31px;">Product Groups: </div><div id="a40510" style="position:absolute;font-family:'Arial';left:4px;top:48px;">Metallurgical coal </div><div id="a40513" style="position:absolute;font-family:'Arial';left:373px;top:47px;">$ </div><div id="a40515" style="position:absolute;font-family:'Arial';left:397px;top:48px;">1,024,828</div><div id="a40518" style="position:absolute;font-family:'Arial';left:472px;top:47px;">$ </div><div id="a40520" style="position:absolute;font-family:'Arial';left:508px;top:48px;">734,277</div><div id="a40523" style="position:absolute;font-family:'Arial';left:571px;top:47px;">$ </div><div id="a40525" style="position:absolute;font-family:'Arial';left:595px;top:48px;">1,759,105</div><div id="a40527" style="position:absolute;font-family:'Arial';left:4px;top:65px;">Thermal coal </div><div id="a40531" style="position:absolute;font-family:'Arial';left:409px;top:65px;">131,901</div><div id="a40535" style="position:absolute;font-family:'Arial';left:515px;top:65px;">29,410</div><div id="a40539" style="position:absolute;font-family:'Arial';left:607px;top:65px;">161,311</div><div id="a40541" style="position:absolute;font-family:'Arial';left:4px;top:82px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>coal revenue </div><div id="a40545" style="position:absolute;font-family:'Arial';left:397px;top:82px;">1,156,729</div><div id="a40549" style="position:absolute;font-family:'Arial';left:508px;top:82px;">763,687</div><div id="a40553" style="position:absolute;font-family:'Arial';left:595px;top:82px;">1,920,416</div><div id="a40555" style="position:absolute;font-family:'Arial';left:4px;top:99px;">Other </div><div id="a40556" style="position:absolute;font-family:'Arial';font-size:8.64px;left:41px;top:100px;">(1)</div><div id="a40560" style="position:absolute;font-family:'Arial';left:416px;top:99px;">28,569</div><div id="a40564" style="position:absolute;font-family:'Arial';left:534px;top:99px;">802</div><div id="a40568" style="position:absolute;font-family:'Arial';left:614px;top:99px;">29,371</div><div id="a40570" style="position:absolute;font-family:'Arial';left:4px;top:118px;">Total </div><div id="a40573" style="position:absolute;font-family:'Arial';left:373px;top:117px;">$ </div><div id="a40575" style="position:absolute;font-family:'Arial';left:397px;top:118px;">1,185,298</div><div id="a40578" style="position:absolute;font-family:'Arial';left:472px;top:117px;">$ </div><div id="a40580" style="position:absolute;font-family:'Arial';left:508px;top:118px;">764,489</div><div id="a40583" style="position:absolute;font-family:'Arial';left:571px;top:117px;">$ </div><div id="a40585" style="position:absolute;font-family:'Arial';left:595px;top:118px;">1,949,787</div></div></div></div></div><div id="TextBlockContainer2322" style="position:relative;line-height:normal;width:669px;height:134px;"><div style="position:absolute; width:13px; height:1px; left:372.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:385px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:385.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:465px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.4px; height:1px; left:465.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:471.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12.3px; height:1px; left:471.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:484.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:484.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:564.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:564.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:570px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12.5px; height:1px; left:570.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:583.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:583.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:365.1px; height:1px; left:0.9px; top:27.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:13px; height:1px; left:372.1px; top:27.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:385px; top:27.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:385.7px; top:27.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:13px; height:1px; left:471.1px; top:27.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:484.1px; top:27.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:484.7px; top:27.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:13.1px; height:1px; left:570px; top:27.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:583.1px; top:27.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:583.8px; top:27.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:13px; height:1px; left:372.1px; top:79.3px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:385px; top:79.3px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:385.7px; top:79.3px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:471.1px; top:79.3px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:484.1px; top:79.3px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:484.7px; top:79.3px; background-color:#000000; "> </div> <div style="position:absolute; width:13.1px; height:1px; left:570px; top:79.3px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:583.1px; top:79.3px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:583.8px; top:79.3px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:372.1px; top:113.9px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:385px; top:113.9px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:385.7px; top:113.9px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:471.1px; top:113.9px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:484.1px; top:113.9px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:484.7px; top:113.9px; background-color:#000000; "> </div> <div style="position:absolute; width:13.1px; height:1px; left:570px; top:113.9px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:583.1px; top:113.9px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:583.8px; top:113.9px; background-color:#000000; "> </div> <div style="position:absolute; width:13.9px; height:1px; left:371.1px; top:132.8px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:384.1px; top:132.8px; background-color:#000000; "> </div> <div style="position:absolute; width:78.1px; height:1px; left:386.9px; top:132.8px; background-color:#000000; "> </div> <div style="position:absolute; width:13.9px; height:1px; left:470.1px; top:132.8px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:483.1px; top:132.8px; background-color:#000000; "> </div> <div style="position:absolute; width:78.1px; height:1px; left:486px; top:132.8px; background-color:#000000; "> </div> <div style="position:absolute; width:14.1px; height:1px; left:569.1px; top:132.8px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:582.2px; top:132.8px; background-color:#000000; "> </div> <div style="position:absolute; width:78.1px; height:1px; left:585.1px; top:132.8px; background-color:#000000; "> </div> <div id="TextContainer2322" style="position:relative;width:669px;z-index:1;font-size:13.28px;"><div id="a40590" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:439px;top:0px;">Year Ended December 31, 2024 </div><div id="a40592" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:16px;">(US$ thousands) </div><div id="a40596" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:403px;top:16px;">Australia </div><div id="a40600" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:490px;top:16px;">United States </div><div id="a40604" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:611px;top:16px;">Total </div><div id="a40606" style="position:absolute;font-family:'Arial';left:4px;top:30px;">Product Groups: </div><div id="a40617" style="position:absolute;font-family:'Arial';left:4px;top:47px;">Metallurgical coal </div><div id="a40620" style="position:absolute;font-family:'Arial';left:375px;top:46px;">$ </div><div id="a40622" style="position:absolute;font-family:'Arial';left:399px;top:47px;">1,472,477</div><div id="a40625" style="position:absolute;font-family:'Arial';left:474px;top:46px;">$ </div><div id="a40627" style="position:absolute;font-family:'Arial';left:510px;top:47px;">854,587</div><div id="a40630" style="position:absolute;font-family:'Arial';left:573px;top:46px;">$ </div><div id="a40632" style="position:absolute;font-family:'Arial';left:598px;top:47px;">2,327,064</div><div id="a40634" style="position:absolute;font-family:'Arial';left:4px;top:64px;">Thermal coal </div><div id="a40638" style="position:absolute;font-family:'Arial';left:418px;top:64px;">87,798</div><div id="a40642" style="position:absolute;font-family:'Arial';left:517px;top:64px;">30,000</div><div id="a40646" style="position:absolute;font-family:'Arial';left:609px;top:64px;">117,798</div><div id="a40648" style="position:absolute;font-family:'Arial';left:4px;top:82px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>coal revenue </div><div id="a40652" style="position:absolute;font-family:'Arial';left:399px;top:82px;">1,560,275</div><div id="a40656" style="position:absolute;font-family:'Arial';left:510px;top:82px;">884,587</div><div id="a40660" style="position:absolute;font-family:'Arial';left:598px;top:82px;">2,444,862</div><div id="a40662" style="position:absolute;font-family:'Arial';left:4px;top:99px;">Other </div><div id="a40663" style="position:absolute;font-family:'Arial';font-size:8.64px;left:41px;top:99px;">(1)(2)</div><div id="a40667" style="position:absolute;font-family:'Arial';left:418px;top:99px;">34,706</div><div id="a40671" style="position:absolute;font-family:'Arial';left:517px;top:99px;">28,145</div><div id="a40675" style="position:absolute;font-family:'Arial';left:616px;top:99px;">62,851</div><div id="a40677" style="position:absolute;font-family:'Arial';left:4px;top:118px;">Total </div><div id="a40680" style="position:absolute;font-family:'Arial';left:375px;top:116px;">$ </div><div id="a40682" style="position:absolute;font-family:'Arial';left:399px;top:118px;">1,594,981</div><div id="a40685" style="position:absolute;font-family:'Arial';left:474px;top:116px;">$ </div><div id="a40687" style="position:absolute;font-family:'Arial';left:510px;top:118px;">912,732</div><div id="a40690" style="position:absolute;font-family:'Arial';left:574px;top:116px;">$ </div><div id="a40692" style="position:absolute;font-family:'Arial';left:598px;top:118px;">2,507,713</div></div></div><div id="TextBlockContainer2328" style="position:relative;line-height:normal;width:669px;height:135px;"><div style="position:absolute; width:13.1px; height:1px; left:370.5px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:383.6px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:80.3px; height:1px; left:384.3px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:464.6px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:465.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:470.5px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12.5px; height:1px; left:471.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:483.6px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:80.4px; height:1px; left:484.3px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:564.6px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:565.3px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:570.5px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12.5px; height:1px; left:571.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:583.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:80.3px; height:1px; left:584.3px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:363.1px; height:1px; left:1.4px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:13.1px; height:1px; left:370.5px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:383.6px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:80.3px; height:1px; left:384.3px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:13.1px; height:1px; left:470.5px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:483.6px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:80.4px; height:1px; left:484.3px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:13.1px; height:1px; left:570.5px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:583.7px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:80.3px; height:1px; left:584.3px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:13.1px; height:1px; left:370.5px; top:79.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:383.6px; top:79.8px; background-color:#000000; "> </div> <div style="position:absolute; width:80.3px; height:1px; left:384.3px; top:79.8px; background-color:#000000; "> </div> <div style="position:absolute; width:13.1px; height:1px; left:470.5px; top:79.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:483.6px; top:79.8px; background-color:#000000; "> </div> <div style="position:absolute; width:80.4px; height:1px; left:484.3px; top:79.8px; background-color:#000000; "> </div> <div style="position:absolute; width:13.1px; height:1px; left:570.5px; top:79.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:583.7px; top:79.8px; background-color:#000000; "> </div> <div style="position:absolute; width:80.3px; height:1px; left:584.3px; top:79.8px; background-color:#000000; "> </div> <div style="position:absolute; width:13.1px; height:1px; left:370.5px; top:114.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:383.6px; top:114.5px; background-color:#000000; "> </div> <div style="position:absolute; width:80.3px; height:1px; left:384.3px; top:114.5px; background-color:#000000; "> </div> <div style="position:absolute; width:13.1px; height:1px; left:470.5px; top:114.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:483.6px; top:114.5px; background-color:#000000; "> </div> <div style="position:absolute; width:80.4px; height:1px; left:484.3px; top:114.5px; background-color:#000000; "> </div> <div style="position:absolute; width:13.1px; height:1px; left:570.5px; top:114.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:583.7px; top:114.5px; background-color:#000000; "> </div> <div style="position:absolute; width:80.3px; height:1px; left:584.3px; top:114.5px; background-color:#000000; "> </div> <div style="position:absolute; width:14.1px; height:1px; left:369.5px; top:133.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:382.7px; top:133.2px; background-color:#000000; "> </div> <div style="position:absolute; width:79px; height:1px; left:385.5px; top:133.2px; background-color:#000000; "> </div> <div style="position:absolute; width:14.1px; height:1px; left:469.5px; top:133.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:482.7px; top:133.2px; background-color:#000000; "> </div> <div style="position:absolute; width:79.1px; height:1px; left:485.5px; top:133.2px; background-color:#000000; "> </div> <div style="position:absolute; width:14.1px; height:1px; left:569.6px; top:133.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:582.7px; top:133.2px; background-color:#000000; "> </div> <div style="position:absolute; width:79px; height:1px; left:585.6px; top:133.2px; background-color:#000000; "> </div> <div id="TextContainer2328" style="position:relative;width:669px;z-index:1;font-size:13.28px;"><div id="a40698" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:445px;top:0px;">Year Ended December 31, 2023 </div><div id="a40700" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:16px;">(US$ thousands) </div><div id="a40704" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:401px;top:16px;">Australia </div><div id="a40708" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:490px;top:16px;">United States </div><div id="a40712" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:611px;top:16px;">Total </div><div id="a40714" style="position:absolute;font-family:'Arial';left:4px;top:31px;">Product Groups: </div><div id="a40725" style="position:absolute;font-family:'Arial';left:4px;top:48px;">Metallurgical coal </div><div id="a40728" style="position:absolute;font-family:'Arial';left:373px;top:47px;">$ </div><div id="a40730" style="position:absolute;font-family:'Arial';left:398px;top:48px;">1,557,471</div><div id="a40733" style="position:absolute;font-family:'Arial';left:473px;top:47px;">$ </div><div id="a40735" style="position:absolute;font-family:'Arial';left:498px;top:48px;">1,031,012</div><div id="a40738" style="position:absolute;font-family:'Arial';left:573px;top:47px;">$ </div><div id="a40740" style="position:absolute;font-family:'Arial';left:599px;top:48px;">2,588,483</div><div id="a40742" style="position:absolute;font-family:'Arial';left:4px;top:65px;">Thermal coal </div><div id="a40746" style="position:absolute;font-family:'Arial';left:417px;top:65px;">88,281</div><div id="a40750" style="position:absolute;font-family:'Arial';left:510px;top:65px;">153,925</div><div id="a40754" style="position:absolute;font-family:'Arial';left:610px;top:65px;">242,206</div><div id="a40756" style="position:absolute;font-family:'Arial';left:4px;top:82px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>coal revenue </div><div id="a40760" style="position:absolute;font-family:'Arial';left:398px;top:82px;">1,645,752</div><div id="a40764" style="position:absolute;font-family:'Arial';left:498px;top:82px;">1,184,937</div><div id="a40768" style="position:absolute;font-family:'Arial';left:599px;top:82px;">2,830,689</div><div id="a40770" style="position:absolute;font-family:'Arial';left:4px;top:99px;">Other </div><div id="a40771" style="position:absolute;font-family:'Arial';font-size:8.64px;left:41px;top:100px;">(1)(2)</div><div id="a40775" style="position:absolute;font-family:'Arial';left:417px;top:99px;">35,770</div><div id="a40779" style="position:absolute;font-family:'Arial';left:517px;top:99px;">24,144</div><div id="a40783" style="position:absolute;font-family:'Arial';left:617px;top:99px;">59,914</div><div id="a40785" style="position:absolute;font-family:'Arial';left:4px;top:118px;">Total </div><div id="a40788" style="position:absolute;font-family:'Arial';left:373px;top:117px;">$ </div><div id="a40790" style="position:absolute;font-family:'Arial';left:398px;top:118px;">1,681,522</div><div id="a40793" style="position:absolute;font-family:'Arial';left:473px;top:117px;">$ </div><div id="a40795" style="position:absolute;font-family:'Arial';left:498px;top:118px;">1,209,081</div><div id="a40798" style="position:absolute;font-family:'Arial';left:573px;top:117px;">$ </div><div id="a40800" style="position:absolute;font-family:'Arial';left:599px;top:118px;">2,890,603</div></div></div><div id="TextBlockContainer2336" style="position:relative;line-height:normal;width:669px;height:328px;"><div id="div_2333_XBRL_TS_6f163796bb004b8bb62f203cf6f169b4" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2334" style="position:relative;line-height:normal;width:668px;height:64px;"><div id="TextContainer2334" style="position:relative;width:668px;z-index:1;font-size:13.28px;"><div id="a40803" style="position:absolute;font-family:'Arial';font-size:6.72px;left:2px;top:0px;">(1) </div><div id="a40805" style="position:absolute;font-family:'Arial';font-size:10.08px;left:14px;top:0px;">Included<div style="display:inline-block;width:4px;white-space:pre"> </div>in<div style="display:inline-block;width:4px;white-space:pre"> </div>Other<div style="display:inline-block;width:4px;white-space:pre"> </div>revenue<div style="display:inline-block;width:4px;white-space:pre"> </div>for<div style="display:inline-block;width:5px;white-space:pre"> </div>Australian<div style="display:inline-block;width:4px;white-space:pre"> </div>Operation<div style="display:inline-block;width:4px;white-space:pre"> </div>is<div style="display:inline-block;width:4px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>amortization<div style="display:inline-block;width:4px;white-space:pre"> </div>of<div style="display:inline-block;width:4px;white-space:pre"> </div>Stanwell<div style="display:inline-block;width:4px;white-space:pre"> </div>non-market coal<div style="display:inline-block;width:6px;white-space:pre"> </div>supply<div style="display:inline-block;width:4px;white-space:pre"> </div>agreement<div style="display:inline-block;width:4px;white-space:pre"> </div>liability<div style="display:inline-block;width:4px;white-space:pre"> </div>recognized on </div><div id="a40845" style="position:absolute;font-family:'Arial';font-size:10.08px;left:2px;top:12px;">acquisition of Curragh. See further discussion<div style="display:inline-block;width:1px;white-space:pre"> </div>in Note 14 “Contract Obligations.” </div><div id="a40869" style="position:absolute;font-family:'Arial';font-size:6.72px;left:2px;top:39px;">(2) </div><div id="a40871" style="position:absolute;font-family:'Arial';font-size:10.08px;left:13px;top:39px;">Other revenue for the U.S.<div style="display:inline-block;width:4px;white-space:pre"> </div>segment includes $</div><div id="a40871_45_4" style="position:absolute;font-family:'Arial';font-size:10.08px;left:223px;top:39px;">25.0</div><div id="a40871_49_14" style="position:absolute;font-family:'Arial';font-size:10.08px;left:242px;top:39px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>million and $</div><div id="a40871_63_4" style="position:absolute;font-family:'Arial';font-size:10.08px;left:303px;top:39px;">17.5</div><div id="a40871_67_75" style="position:absolute;font-family:'Arial';font-size:10.08px;left:322px;top:39px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>for the years ended<div style="display:inline-block;width:4px;white-space:pre"> </div>December 31, 2024 and<div style="display:inline-block;width:4px;white-space:pre"> </div>2023, respectively, relating to </div><div id="a40917" style="position:absolute;font-family:'Arial';font-size:10.08px;left:2px;top:51px;">termination fee revenue from coal sales<div style="display:inline-block;width:1px;white-space:pre"> </div>contracts cancelled at the U.S. Operations.</div></div></div></div><div id="TextContainer2336" style="position:relative;width:669px;z-index:1;font-size:13.28px;"><div id="a40942" style="position:absolute;font-family:'Arial';font-weight:bold;left:2px;top:78px;">Further explanation to tables above: </div><div id="a40944" style="position:absolute;font-family:'Arial';left:2px;top:110px;">The following is a description of the principal activities<div style="display:inline-block;width:5px;white-space:pre"> </div>by reportable segments. </div><div id="a40946" style="position:absolute;font-family:'Arial';left:26px;top:141px;">•<div style="display:inline-block;width:19px;white-space:pre"> </div>The Company primarily offers two types of products to its<div style="display:inline-block;width:2px;white-space:pre"> </div>customers: metallurgical coal and thermal coal </div><div id="a40949" style="position:absolute;font-family:'Arial';left:50px;top:156px;">of<div style="display:inline-block;width:8px;white-space:pre"> </div>varying<div style="display:inline-block;width:8px;white-space:pre"> </div>qualities.<div style="display:inline-block;width:8px;white-space:pre"> </div>The<div style="display:inline-block;width:8px;white-space:pre"> </div>Company’s<div style="display:inline-block;width:8px;white-space:pre"> </div>metallurgical<div style="display:inline-block;width:8px;white-space:pre"> </div>coal<div style="display:inline-block;width:8px;white-space:pre"> </div>is<div style="display:inline-block;width:8px;white-space:pre"> </div>classified<div style="display:inline-block;width:8px;white-space:pre"> </div>as<div style="display:inline-block;width:8px;white-space:pre"> </div>hard<div style="display:inline-block;width:8px;white-space:pre"> </div>coking<div style="display:inline-block;width:8px;white-space:pre"> </div>coal,<div style="display:inline-block;width:8px;white-space:pre"> </div>further </div><div id="a40950" style="position:absolute;font-family:'Arial';left:50px;top:172px;">distinguished by its volatility (defined as high, mid, or<div style="display:inline-block;width:5px;white-space:pre"> </div>low), and pulverized coal injection. </div><div id="a40953" style="position:absolute;font-family:'Arial';left:26px;top:203px;">•<div style="display:inline-block;width:19px;white-space:pre"> </div>The<div style="display:inline-block;width:5px;white-space:pre"> </div>Australian<div style="display:inline-block;width:5px;white-space:pre"> </div>Operations<div style="display:inline-block;width:5px;white-space:pre"> </div>reportable<div style="display:inline-block;width:5px;white-space:pre"> </div>segment<div style="display:inline-block;width:5px;white-space:pre"> </div>includes<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>Curragh<div style="display:inline-block;width:5px;white-space:pre"> </div>mine. The<div style="display:inline-block;width:7px;white-space:pre"> </div>Australian<div style="display:inline-block;width:5px;white-space:pre"> </div>Operations </div><div id="a40956" style="position:absolute;font-family:'Arial';left:50px;top:218px;">are<div style="display:inline-block;width:8px;white-space:pre"> </div>a<div style="display:inline-block;width:8px;white-space:pre"> </div>separate<div style="display:inline-block;width:8px;white-space:pre"> </div>reportable<div style="display:inline-block;width:9px;white-space:pre"> </div>segment<div style="display:inline-block;width:8px;white-space:pre"> </div>due<div style="display:inline-block;width:8px;white-space:pre"> </div>to<div style="display:inline-block;width:8px;white-space:pre"> </div>having<div style="display:inline-block;width:9px;white-space:pre"> </div>separate<div style="display:inline-block;width:8px;white-space:pre"> </div>management,<div style="display:inline-block;width:9px;white-space:pre"> </div>location,<div style="display:inline-block;width:8px;white-space:pre"> </div>assets,<div style="display:inline-block;width:8px;white-space:pre"> </div>and </div><div id="a40959" style="position:absolute;font-family:'Arial';left:50px;top:234px;">operations.<div style="display:inline-block;width:9px;white-space:pre"> </div>The Curragh mine<div style="display:inline-block;width:5px;white-space:pre"> </div>is located in<div style="display:inline-block;width:5px;white-space:pre"> </div>central Queensland,<div style="display:inline-block;width:5px;white-space:pre"> </div>Australia and produces<div style="display:inline-block;width:6px;white-space:pre"> </div>a wide variety </div><div id="a40964" style="position:absolute;font-family:'Arial';left:50px;top:249px;">of<div style="display:inline-block;width:6px;white-space:pre"> </div>metallurgical<div style="display:inline-block;width:6px;white-space:pre"> </div>coal<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>thermal<div style="display:inline-block;width:6px;white-space:pre"> </div>coal<div style="display:inline-block;width:6px;white-space:pre"> </div>for<div style="display:inline-block;width:6px;white-space:pre"> </div>sale<div style="display:inline-block;width:6px;white-space:pre"> </div>internationally<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>fulfill<div style="display:inline-block;width:6px;white-space:pre"> </div>a<div style="display:inline-block;width:6px;white-space:pre"> </div>long-term<div style="display:inline-block;width:6px;white-space:pre"> </div>contract<div style="display:inline-block;width:6px;white-space:pre"> </div>with </div><div id="a40969" style="position:absolute;font-family:'Arial';left:50px;top:264px;">Stanwell. </div><div id="a40971" style="position:absolute;font-family:'Arial';left:26px;top:296px;">•<div style="display:inline-block;width:19px;white-space:pre"> </div>The United States<div style="display:inline-block;width:5px;white-space:pre"> </div>reportable segment<div style="display:inline-block;width:5px;white-space:pre"> </div>includes the Buchanan<div style="display:inline-block;width:6px;white-space:pre"> </div>and Logan coal<div style="display:inline-block;width:5px;white-space:pre"> </div>mine facilities located<div style="display:inline-block;width:6px;white-space:pre"> </div>in </div><div id="a40982" style="position:absolute;font-family:'Arial';left:50px;top:311px;">Virginia and West Virginia<div style="display:inline-block;width:5px;white-space:pre"> </div>in the United States. It produces high, mid and low volatility hard<div style="display:inline-block;width:5px;white-space:pre"> </div>coking coal.</div></div></div> 2 1 2 2 <div id="TextBlockContainer2279" style="position:relative;line-height:normal;width:672px;height:674px;"><div id="div_2276_XBRL_TS_33eb9fa813a94fa48a9c0a88c36f60c0" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2277" style="position:relative;line-height:normal;width:672px;height:674px;"><div style="position:absolute; width:265px; height:1px; left:1.4px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:13px; height:1px; left:272.5px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:285.5px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:286.1px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:13px; height:1px; left:371.6px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:384.5px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:385.2px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:13.1px; height:1px; left:470.5px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:483.6px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:484.2px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:13px; height:1px; left:569.5px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:582.5px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:583.1px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:80px; height:1px; left:285.5px; top:118.1px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:384.5px; top:118.1px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:483.6px; top:118.1px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:582.5px; top:118.1px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:285.5px; top:156.6px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:384.5px; top:156.6px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:483.6px; top:156.6px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:582.5px; top:156.6px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1.9px; left:285.5px; top:175.3px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1.9px; left:384.5px; top:175.3px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1.9px; left:483.6px; top:175.3px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1.9px; left:582.5px; top:175.3px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:285.5px; top:338.4px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:384.5px; top:338.4px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:483.6px; top:338.4px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:582.5px; top:338.4px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:285.5px; top:377px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:384.5px; top:377px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:483.6px; top:377px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:582.5px; top:377px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1.9px; left:285.5px; top:395.7px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1.9px; left:384.5px; top:395.7px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1.9px; left:483.6px; top:395.7px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1.9px; left:582.5px; top:395.7px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:285.5px; top:561.8px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:384.5px; top:561.8px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:483.6px; top:561.8px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:582.5px; top:561.8px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:285.5px; top:600.4px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:384.5px; top:600.4px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:483.6px; top:600.4px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:582.5px; top:600.4px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1.9px; left:285.5px; top:619.1px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1.9px; left:384.5px; top:619.1px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1.9px; left:483.6px; top:619.1px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1.9px; left:582.5px; top:619.1px; background-color:#000000; "> </div> <div id="TextContainer2277" style="position:relative;width:672px;z-index:1;font-size:13.28px;"><div id="a39352" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:12px;">(US$ thousands) </div><div id="a39356" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:303px;top:12px;">Australia </div><div id="a39360" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:390px;top:12px;">United States </div><div id="a39364" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:498px;top:0px;">Other and </div><div id="a39365" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:498px;top:12px;">Corporate </div><div id="a39369" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:610px;top:12px;">Total </div><div id="a39371" style="position:absolute;font-family:'Arial';font-style:italic;left:4px;top:27px;">Year ended December 31,<div style="display:inline-block;width:5px;white-space:pre"> </div>2025 </div><div id="a39387" style="position:absolute;font-family:'Arial';left:22px;top:44px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>revenues </div><div id="a39390" style="position:absolute;font-family:'Arial';left:275px;top:43px;">$ </div><div id="a39392" style="position:absolute;font-family:'Arial';left:299px;top:44px;">1,185,298</div><div id="a39395" style="position:absolute;font-family:'Arial';left:374px;top:43px;">$ </div><div id="a39397" style="position:absolute;font-family:'Arial';left:410px;top:44px;">764,489</div><div id="a39400" style="position:absolute;font-family:'Arial';left:473px;top:43px;">$ </div><div id="a39402" style="position:absolute;font-family:'Arial';left:544px;top:44px;">—</div><div id="a39405" style="position:absolute;font-family:'Arial';left:572px;top:43px;">$ </div><div id="a39407" style="position:absolute;font-family:'Arial';left:597px;top:44px;">1,949,787</div><div id="a39409" style="position:absolute;font-family:'Arial';font-style:italic;left:22px;top:61px;">Less: </div><div id="a39423" style="position:absolute;font-family:'Arial';left:22px;top:82px;">Mining costs</div><div id="a39424" style="position:absolute;font-family:'Arial';font-size:8.64px;left:96px;top:82px;"><div style="display:inline-block;width:2px;white-space:pre"> </div>(1)</div><div id="a39429" style="position:absolute;font-family:'Arial';left:306px;top:82px;display:flex;">(932,030)</div><div id="a39433" style="position:absolute;font-family:'Arial';left:405px;top:82px;display:flex;">(585,509)</div><div id="a39437" style="position:absolute;font-family:'Arial';left:544px;top:82px;">—</div><div id="a39441" style="position:absolute;font-family:'Arial';left:592px;top:82px;display:flex;">(1,517,539)</div><div id="a39443" style="position:absolute;font-family:'Arial';left:22px;top:103px;">Other operating costs </div><div id="a39444" style="position:absolute;font-family:'Arial';font-size:8.64px;left:153px;top:103px;">(1)</div><div id="a39448" style="position:absolute;font-family:'Arial';left:306px;top:103px;display:flex;">(412,869)</div><div id="a39452" style="position:absolute;font-family:'Arial';left:405px;top:103px;display:flex;">(126,465)</div><div id="a39456" style="position:absolute;font-family:'Arial';left:544px;top:103px;">—</div><div id="a39460" style="position:absolute;font-family:'Arial';left:603px;top:103px;display:flex;">(539,334)</div><div id="a39462" style="position:absolute;font-family:'Arial';left:22px;top:121px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>operating costs </div><div id="a39466" style="position:absolute;font-family:'Arial';left:295px;top:121px;display:flex;">(1,344,899)</div><div id="a39470" style="position:absolute;font-family:'Arial';left:405px;top:121px;display:flex;">(711,974)</div><div id="a39474" style="position:absolute;font-family:'Arial';left:544px;top:121px;">—</div><div id="a39478" style="position:absolute;font-family:'Arial';left:592px;top:121px;display:flex;">(2,056,873)</div><div id="a39480" style="position:absolute;font-family:'Arial';left:22px;top:141px;">Other and unallocated items </div><div id="a39481" style="position:absolute;font-family:'Arial';font-size:8.64px;left:193px;top:142px;">(2)</div><div id="a39485" style="position:absolute;font-family:'Arial';left:325px;top:141px;">2,215</div><div id="a39489" style="position:absolute;font-family:'Arial';left:438px;top:141px;display:flex;">(39)</div><div id="a39493" style="position:absolute;font-family:'Arial';left:511px;top:141px;display:flex;">(39,257)</div><div id="a39497" style="position:absolute;font-family:'Arial';left:610px;top:141px;display:flex;">(37,081)</div><div id="a39499" style="position:absolute;font-family:'Arial';left:22px;top:160px;">Segment adjusted EBITDA </div><div id="a39503" style="position:absolute;font-family:'Arial';left:306px;top:160px;display:flex;">(157,386)</div><div id="a39507" style="position:absolute;font-family:'Arial';left:417px;top:160px;">52,476</div><div id="a39511" style="position:absolute;font-family:'Arial';left:511px;top:160px;display:flex;">(39,257)</div><div id="a39515" style="position:absolute;font-family:'Arial';left:603px;top:160px;display:flex;">(144,167)</div><div id="a39530" style="position:absolute;font-family:'Arial';left:22px;top:196px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>assets </div><div id="a39534" style="position:absolute;font-family:'Arial';left:299px;top:196px;">1,354,590</div><div id="a39538" style="position:absolute;font-family:'Arial';left:398px;top:196px;">1,075,270</div><div id="a39542" style="position:absolute;font-family:'Arial';left:509px;top:196px;">195,695</div><div id="a39546" style="position:absolute;font-family:'Arial';left:597px;top:196px;">2,625,555</div><div id="a39548" style="position:absolute;font-family:'Arial';left:22px;top:213px;">Capital expenditures </div><div id="a39552" style="position:absolute;font-family:'Arial';left:311px;top:213px;">148,842</div><div id="a39556" style="position:absolute;font-family:'Arial';left:410px;top:213px;">136,620</div><div id="a39560" style="position:absolute;font-family:'Arial';left:523px;top:213px;">5,342</div><div id="a39564" style="position:absolute;font-family:'Arial';left:608px;top:213px;">290,804</div><div id="a39579" style="position:absolute;font-family:'Arial';font-style:italic;left:4px;top:247px;">Year ended December 31,<div style="display:inline-block;width:5px;white-space:pre"> </div>2024 </div><div id="a39595" style="position:absolute;font-family:'Arial';left:22px;top:264px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>revenues </div><div id="a39598" style="position:absolute;font-family:'Arial';left:275px;top:263px;">$ </div><div id="a39600" style="position:absolute;font-family:'Arial';left:299px;top:264px;">1,594,981</div><div id="a39603" style="position:absolute;font-family:'Arial';left:374px;top:263px;">$ </div><div id="a39605" style="position:absolute;font-family:'Arial';left:410px;top:264px;">912,732</div><div id="a39608" style="position:absolute;font-family:'Arial';left:473px;top:263px;">$ </div><div id="a39610" style="position:absolute;font-family:'Arial';left:544px;top:264px;">—</div><div id="a39613" style="position:absolute;font-family:'Arial';left:572px;top:263px;">$ </div><div id="a39615" style="position:absolute;font-family:'Arial';left:597px;top:264px;">2,507,713</div><div id="a39617" style="position:absolute;font-family:'Arial';font-style:italic;left:22px;top:281px;">Less: </div><div id="a39631" style="position:absolute;font-family:'Arial';left:22px;top:302px;">Mining costs</div><div id="a39632" style="position:absolute;font-family:'Arial';font-size:8.64px;left:96px;top:303px;"><div style="display:inline-block;width:2px;white-space:pre"> </div>(1)</div><div id="a39637" style="position:absolute;font-family:'Arial';left:295px;top:302px;display:flex;">(1,054,066)</div><div id="a39641" style="position:absolute;font-family:'Arial';left:405px;top:302px;display:flex;">(629,242)</div><div id="a39645" style="position:absolute;font-family:'Arial';left:544px;top:302px;">—</div><div id="a39649" style="position:absolute;font-family:'Arial';left:592px;top:302px;display:flex;">(1,683,308)</div><div id="a39651" style="position:absolute;font-family:'Arial';left:22px;top:323px;">Other operating costs </div><div id="a39652" style="position:absolute;font-family:'Arial';font-size:8.64px;left:153px;top:324px;">(1)</div><div id="a39656" style="position:absolute;font-family:'Arial';left:306px;top:323px;display:flex;">(538,365)</div><div id="a39660" style="position:absolute;font-family:'Arial';left:405px;top:323px;display:flex;">(141,239)</div><div id="a39664" style="position:absolute;font-family:'Arial';left:544px;top:323px;">—</div><div id="a39668" style="position:absolute;font-family:'Arial';left:603px;top:323px;display:flex;">(679,604)</div><div id="a39670" style="position:absolute;font-family:'Arial';left:22px;top:341px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>operating costs </div><div id="a39674" style="position:absolute;font-family:'Arial';left:295px;top:341px;display:flex;">(1,592,431)</div><div id="a39678" style="position:absolute;font-family:'Arial';left:405px;top:341px;display:flex;">(770,481)</div><div id="a39682" style="position:absolute;font-family:'Arial';left:544px;top:341px;">—</div><div id="a39686" style="position:absolute;font-family:'Arial';left:592px;top:341px;display:flex;">(2,362,912)</div><div id="a39688" style="position:absolute;font-family:'Arial';left:22px;top:362px;">Other and unallocated items </div><div id="a39689" style="position:absolute;font-family:'Arial';font-size:8.64px;left:193px;top:362px;">(2)</div><div id="a39693" style="position:absolute;font-family:'Arial';left:337px;top:362px;">851</div><div id="a39697" style="position:absolute;font-family:'Arial';left:424px;top:362px;">4,982</div><div id="a39701" style="position:absolute;font-family:'Arial';left:511px;top:362px;display:flex;">(35,494)</div><div id="a39705" style="position:absolute;font-family:'Arial';left:610px;top:362px;display:flex;">(29,661)</div><div id="a39707" style="position:absolute;font-family:'Arial';left:22px;top:381px;">Segment adjusted EBITDA </div><div id="a39711" style="position:absolute;font-family:'Arial';left:325px;top:381px;">3,401</div><div id="a39715" style="position:absolute;font-family:'Arial';left:410px;top:381px;">147,233</div><div id="a39719" style="position:absolute;font-family:'Arial';left:511px;top:381px;display:flex;">(35,494)</div><div id="a39723" style="position:absolute;font-family:'Arial';left:608px;top:381px;">115,140</div><div id="a39738" style="position:absolute;font-family:'Arial';left:22px;top:420px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>assets </div><div id="a39742" style="position:absolute;font-family:'Arial';left:299px;top:420px;">1,213,903</div><div id="a39746" style="position:absolute;font-family:'Arial';left:398px;top:420px;">1,048,117</div><div id="a39750" style="position:absolute;font-family:'Arial';left:509px;top:420px;">255,732</div><div id="a39754" style="position:absolute;font-family:'Arial';left:597px;top:420px;">2,517,752</div><div id="a39756" style="position:absolute;font-family:'Arial';left:22px;top:437px;">Capital expenditures </div><div id="a39760" style="position:absolute;font-family:'Arial';left:318px;top:437px;">89,343</div><div id="a39764" style="position:absolute;font-family:'Arial';left:410px;top:437px;">156,401</div><div id="a39768" style="position:absolute;font-family:'Arial';left:523px;top:437px;">4,127</div><div id="a39772" style="position:absolute;font-family:'Arial';left:608px;top:437px;">249,871</div><div id="a39787" style="position:absolute;font-family:'Arial';font-style:italic;left:4px;top:471px;">Year ended December 31,<div style="display:inline-block;width:5px;white-space:pre"> </div>2023 </div><div id="a39803" style="position:absolute;font-family:'Arial';left:22px;top:488px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>revenues </div><div id="a39806" style="position:absolute;font-family:'Arial';left:275px;top:487px;">$ </div><div id="a39808" style="position:absolute;font-family:'Arial';left:299px;top:488px;">1,681,522</div><div id="a39811" style="position:absolute;font-family:'Arial';left:374px;top:487px;">$ </div><div id="a39813" style="position:absolute;font-family:'Arial';left:398px;top:488px;">1,209,081</div><div id="a39816" style="position:absolute;font-family:'Arial';left:473px;top:487px;">$ </div><div id="a39818" style="position:absolute;font-family:'Arial';left:544px;top:488px;">—</div><div id="a39821" style="position:absolute;font-family:'Arial';left:572px;top:487px;">$ </div><div id="a39823" style="position:absolute;font-family:'Arial';left:597px;top:488px;">2,890,603</div><div id="a39825" style="position:absolute;font-family:'Arial';font-style:italic;left:22px;top:505px;">Less: </div><div id="a39839" style="position:absolute;font-family:'Arial';left:22px;top:526px;">Mining costs</div><div id="a39840" style="position:absolute;font-family:'Arial';font-size:8.64px;left:96px;top:526px;"><div style="display:inline-block;width:2px;white-space:pre"> </div>(1)</div><div id="a39845" style="position:absolute;font-family:'Arial';left:295px;top:526px;display:flex;">(1,058,598)</div><div id="a39849" style="position:absolute;font-family:'Arial';left:405px;top:526px;display:flex;">(610,925)</div><div id="a39853" style="position:absolute;font-family:'Arial';left:544px;top:526px;">—</div><div id="a39857" style="position:absolute;font-family:'Arial';left:592px;top:526px;display:flex;">(1,669,523)</div><div id="a39859" style="position:absolute;font-family:'Arial';left:22px;top:547px;">Other operating costs </div><div id="a39860" style="position:absolute;font-family:'Arial';font-size:8.64px;left:153px;top:547px;">(1)</div><div id="a39864" style="position:absolute;font-family:'Arial';left:306px;top:547px;display:flex;">(621,356)</div><div id="a39868" style="position:absolute;font-family:'Arial';left:405px;top:547px;display:flex;">(182,866)</div><div id="a39872" style="position:absolute;font-family:'Arial';left:544px;top:547px;">—</div><div id="a39876" style="position:absolute;font-family:'Arial';left:603px;top:547px;display:flex;">(804,222)</div><div id="a39878" style="position:absolute;font-family:'Arial';left:22px;top:564px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>operating costs </div><div id="a39882" style="position:absolute;font-family:'Arial';left:295px;top:564px;display:flex;">(1,679,954)</div><div id="a39886" style="position:absolute;font-family:'Arial';left:405px;top:564px;display:flex;">(793,791)</div><div id="a39890" style="position:absolute;font-family:'Arial';left:544px;top:564px;">—</div><div id="a39894" style="position:absolute;font-family:'Arial';left:592px;top:564px;display:flex;">(2,473,745)</div><div id="a39896" style="position:absolute;font-family:'Arial';left:22px;top:585px;">Other and unallocated items </div><div id="a39897" style="position:absolute;font-family:'Arial';font-size:8.64px;left:193px;top:585px;">(2)</div><div id="a39901" style="position:absolute;font-family:'Arial';left:337px;top:585px;">680</div><div id="a39905" style="position:absolute;font-family:'Arial';left:424px;top:585px;">5,803</div><div id="a39909" style="position:absolute;font-family:'Arial';left:511px;top:585px;display:flex;">(41,629)</div><div id="a39913" style="position:absolute;font-family:'Arial';left:610px;top:585px;display:flex;">(35,146)</div><div id="a39915" style="position:absolute;font-family:'Arial';left:22px;top:604px;">Segment adjusted EBITDA </div><div id="a39919" style="position:absolute;font-family:'Arial';left:325px;top:604px;">2,249</div><div id="a39923" style="position:absolute;font-family:'Arial';left:410px;top:604px;">421,093</div><div id="a39927" style="position:absolute;font-family:'Arial';left:511px;top:604px;display:flex;">(41,629)</div><div id="a39931" style="position:absolute;font-family:'Arial';left:608px;top:604px;">381,713</div><div id="a39946" style="position:absolute;font-family:'Arial';left:22px;top:640px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>assets </div><div id="a39950" style="position:absolute;font-family:'Arial';left:299px;top:640px;">1,322,610</div><div id="a39954" style="position:absolute;font-family:'Arial';left:398px;top:640px;">1,010,199</div><div id="a39958" style="position:absolute;font-family:'Arial';left:509px;top:640px;">345,229</div><div id="a39962" style="position:absolute;font-family:'Arial';left:597px;top:640px;">2,678,038</div><div id="a39964" style="position:absolute;font-family:'Arial';left:22px;top:657px;">Capital expenditures </div><div id="a39968" style="position:absolute;font-family:'Arial';left:318px;top:657px;">55,412</div><div id="a39972" style="position:absolute;font-family:'Arial';left:410px;top:657px;">171,686</div><div id="a39976" style="position:absolute;font-family:'Arial';left:535px;top:657px;">660</div><div id="a39980" style="position:absolute;font-family:'Arial';left:608px;top:657px;">227,758</div></div></div></div></div><div id="TextBlockContainer2283" style="position:relative;line-height:normal;width:670px;height:46px;"><div id="TextContainer2283" style="position:relative;width:670px;z-index:1;font-size:13.28px;"><div id="a39983" style="position:absolute;font-family:'Arial';font-size:8.64px;left:3px;top:0px;">(1)</div><div id="a39985" style="position:absolute;font-family:'Arial';font-size:10.72px;left:19px;top:2px;">The<div style="display:inline-block;width:4px;white-space:pre"> </div>significant<div style="display:inline-block;width:4px;white-space:pre"> </div>expense category<div style="display:inline-block;width:5px;white-space:pre"> </div>and<div style="display:inline-block;width:4px;white-space:pre"> </div>amount aligns<div style="display:inline-block;width:5px;white-space:pre"> </div>with the<div style="display:inline-block;width:5px;white-space:pre"> </div>segment-level information<div style="display:inline-block;width:5px;white-space:pre"> </div>that<div style="display:inline-block;width:4px;white-space:pre"> </div>is regularly<div style="display:inline-block;width:6px;white-space:pre"> </div>provided to<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:4px;white-space:pre"> </div>CODM and </div><div id="a39990" style="position:absolute;font-family:'Arial';font-size:10.72px;left:3px;top:17px;">excludes Depreciation, Depletion and Amortization</div><div id="a39991" style="position:absolute;font-family:'Arial';left:242px;top:15px;">. </div><div id="a39993" style="position:absolute;font-family:'Arial';font-size:8.64px;left:3px;top:31px;">(2)</div><div id="a39997" style="position:absolute;font-family:'Arial';font-size:10.72px;left:17px;top:33px;">Other and unallocated items for Other and Corporate includes<div style="display:inline-block;width:1px;white-space:pre"> </div>selling, general and administrative expenses.</div></div></div> 1185298000 764489000 0 1949787000 932030000 585509000 0 1517539000 412869000 126465000 0 539334000 1344899000 711974000 0 2056873000 2215000 -39000 -39257000 -37081000 -157386000 52476000 -39257000 -144167000 1354590000 1075270000 195695000 2625555000 148842000 136620000 5342000 290804000 1594981000 912732000 0 2507713000 1054066000 629242000 0 1683308000 538365000 141239000 0 679604000 1592431000 770481000 0 2362912000 851000 4982000 -35494000 -29661000 3401000 147233000 -35494000 115140000 1213903000 1048117000 255732000 2517752000 89343000 156401000 4127000 249871000 1681522000 1209081000 0 2890603000 1058598000 610925000 0 1669523000 621356000 182866000 0 804222000 1679954000 793791000 0 2473745000 680000 5803000 -41629000 -35146000 2249000 421093000 -41629000 381713000 1322610000 1010199000 345229000 2678038000 55412000 171686000 660000 227758000 <div id="TextBlockContainer2292" style="position:relative;line-height:normal;width:669px;height:303px;"><div style="position:absolute; width:92px; height:1px; left:371.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:463.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:463.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:469.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:91.4px; height:1px; left:469.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:561.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.4px; height:1px; left:561.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:567.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:91.4px; height:1px; left:567.9px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:364.1px; height:1px; left:1px; top:29.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:371.2px; top:29.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:383.2px; top:29.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:383.8px; top:29.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:469.1px; top:29.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:481.1px; top:29.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:481.7px; top:29.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:567.2px; top:29.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:579.2px; top:29.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:579.9px; top:29.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:371.2px; top:247.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:383.2px; top:247.5px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:383.8px; top:247.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:469.1px; top:247.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:481.1px; top:247.5px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:481.7px; top:247.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:567.2px; top:247.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:579.2px; top:247.5px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:579.9px; top:247.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:371.2px; top:282.3px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:383.2px; top:282.3px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:383.8px; top:282.3px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:469.1px; top:282.3px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:481.1px; top:282.3px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:481.7px; top:282.3px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:567.2px; top:282.3px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:579.2px; top:282.3px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:579.9px; top:282.3px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:370.2px; top:301px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:382.2px; top:301px; background-color:#000000; "> </div> <div style="position:absolute; width:78.1px; height:1px; left:385.1px; top:301px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:468.1px; top:301px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:480.1px; top:301px; background-color:#000000; "> </div> <div style="position:absolute; width:78.1px; height:1px; left:483px; top:301px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:566.3px; top:301px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:578.3px; top:301px; background-color:#000000; "> </div> <div style="position:absolute; width:78.1px; height:1px; left:581.1px; top:301px; background-color:#000000; "> </div> <div id="TextContainer2292" style="position:relative;width:669px;z-index:1;font-size:13.28px;"><div id="a40039" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:450px;top:0px;">Year Ended December 31, </div><div id="a40041" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:18px;">(US$ thousands) </div><div id="a40044" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:406px;top:18px;">2025 </div><div id="a40047" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:504px;top:18px;">2024 </div><div id="a40050" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:602px;top:18px;">2023 </div><div id="a40052" style="position:absolute;font-family:'Arial';left:4px;top:32px;">Consolidated Adjusted EBITDA </div><div id="a40055" style="position:absolute;font-family:'Arial';left:374px;top:32px;">$ </div><div id="a40057" style="position:absolute;font-family:'Arial';left:404px;top:32px;display:flex;">(144,167)</div><div id="a40060" style="position:absolute;font-family:'Arial';left:472px;top:32px;">$ </div><div id="a40062" style="position:absolute;font-family:'Arial';left:507px;top:32px;">115,140</div><div id="a40065" style="position:absolute;font-family:'Arial';left:570px;top:32px;">$ </div><div id="a40067" style="position:absolute;font-family:'Arial';left:605px;top:32px;">381,713</div><div id="a40069" style="position:absolute;font-family:'Arial';left:4px;top:49px;">Depreciation, depletion and amortization </div><div id="a40073" style="position:absolute;font-family:'Arial';left:404px;top:49px;display:flex;">(185,350)</div><div id="a40077" style="position:absolute;font-family:'Arial';left:502px;top:49px;display:flex;">(187,400)</div><div id="a40081" style="position:absolute;font-family:'Arial';left:600px;top:49px;display:flex;">(160,711)</div><div id="a40083" style="position:absolute;font-family:'Arial';left:4px;top:68px;">Interest expense, net</div><div id="a40084" style="position:absolute;font-family:'Arial';font-size:8.64px;left:128px;top:69px;">(1)</div><div id="a40088" style="position:absolute;font-family:'Arial';left:411px;top:68px;display:flex;">(99,291)</div><div id="a40092" style="position:absolute;font-family:'Arial';left:509px;top:68px;display:flex;">(58,856)</div><div id="a40096" style="position:absolute;font-family:'Arial';left:607px;top:68px;display:flex;">(56,751)</div><div id="a40098" style="position:absolute;font-family:'Arial';left:4px;top:85px;">Loss on debt extinguishment </div><div id="a40102" style="position:absolute;font-family:'Arial';left:411px;top:85px;display:flex;">(19,258)</div><div id="a40106" style="position:absolute;font-family:'Arial';left:509px;top:85px;display:flex;">(14,732)</div><div id="a40110" style="position:absolute;font-family:'Arial';left:615px;top:85px;display:flex;">(1,385)</div><div id="a40112" style="position:absolute;font-family:'Arial';left:4px;top:104px;">Other foreign exchange gains</div><div id="a40113" style="position:absolute;font-family:'Arial';font-size:8.64px;left:179px;top:105px;">(2)</div><div id="a40117" style="position:absolute;font-family:'Arial';left:435px;top:104px;">585</div><div id="a40121" style="position:absolute;font-family:'Arial';left:514px;top:104px;">12,339</div><div id="a40125" style="position:absolute;font-family:'Arial';left:619px;top:104px;">2,899</div><div id="a40127" style="position:absolute;font-family:'Arial';left:4px;top:123px;">Uncertain stamp duty position</div><div id="a40128" style="position:absolute;font-family:'Arial';font-size:8.64px;left:180px;top:124px;">(3)</div><div id="a40132" style="position:absolute;font-family:'Arial';left:444px;top:123px;">—</div><div id="a40136" style="position:absolute;font-family:'Arial';left:542px;top:123px;">—</div><div id="a40140" style="position:absolute;font-family:'Arial';left:607px;top:123px;display:flex;">(41,321)</div><div id="a40142" style="position:absolute;font-family:'Arial';left:4px;top:143px;">Impairment of assets </div><div id="a40146" style="position:absolute;font-family:'Arial';left:444px;top:143px;">—</div><div id="a40150" style="position:absolute;font-family:'Arial';left:509px;top:143px;display:flex;">(10,585)</div><div id="a40154" style="position:absolute;font-family:'Arial';left:640px;top:143px;">—</div><div id="a40156" style="position:absolute;font-family:'Arial';left:4px;top:162px;">Restructuring costs</div><div id="a40157" style="position:absolute;font-family:'Arial';font-size:8.64px;left:118px;top:163px;">(4)</div><div id="a40161" style="position:absolute;font-family:'Arial';left:444px;top:162px;">—</div><div id="a40165" style="position:absolute;font-family:'Arial';left:528px;top:162px;display:flex;">(729)</div><div id="a40169" style="position:absolute;font-family:'Arial';left:640px;top:162px;">—</div><div id="a40171" style="position:absolute;font-family:'Arial';left:4px;top:181px;">Gains (losses) on sale of assets</div><div id="a40172" style="position:absolute;font-family:'Arial';font-size:8.64px;left:193px;top:182px;">(5)</div><div id="a40176" style="position:absolute;font-family:'Arial';left:423px;top:181px;">8,817</div><div id="a40180" style="position:absolute;font-family:'Arial';left:517px;top:181px;display:flex;">(4,574)</div><div id="a40184" style="position:absolute;font-family:'Arial';left:615px;top:181px;display:flex;">(4,846)</div><div id="a40186" style="position:absolute;font-family:'Arial';left:4px;top:200px;">(Increase) decrease in provision for discounting </div><div id="a40188" style="position:absolute;font-family:'Arial';left:4px;top:215px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>and credit losses </div><div id="a40193" style="position:absolute;font-family:'Arial';left:419px;top:215px;display:flex;">(4,758)</div><div id="a40197" style="position:absolute;font-family:'Arial';left:533px;top:215px;">207</div><div id="a40201" style="position:absolute;font-family:'Arial';left:619px;top:215px;">4,216</div><div id="a40203" style="position:absolute;font-family:'Arial';left:4px;top:232px;">Other </div><div id="a40207" style="position:absolute;font-family:'Arial';left:430px;top:232px;display:flex;">(993)</div><div id="a40211" style="position:absolute;font-family:'Arial';left:542px;top:232px;">—</div><div id="a40215" style="position:absolute;font-family:'Arial';left:640px;top:232px;">—</div><div id="a40217" style="position:absolute;font-family:'Arial';left:4px;top:250px;">Net (loss) income before tax </div><div id="a40220" style="position:absolute;font-family:'Arial';left:374px;top:250px;">$ </div><div id="a40222" style="position:absolute;font-family:'Arial';left:404px;top:250px;display:flex;">(444,415)</div><div id="a40225" style="position:absolute;font-family:'Arial';left:472px;top:250px;">$ </div><div id="a40227" style="position:absolute;font-family:'Arial';left:502px;top:250px;display:flex;">(149,190)</div><div id="a40230" style="position:absolute;font-family:'Arial';left:570px;top:250px;">$ </div><div id="a40232" style="position:absolute;font-family:'Arial';left:605px;top:250px;">123,814</div><div id="a40234" style="position:absolute;font-family:'Arial';left:4px;top:267px;">Income tax benefit </div><div id="a40238" style="position:absolute;font-family:'Arial';left:416px;top:267px;">12,359</div><div id="a40242" style="position:absolute;font-family:'Arial';left:514px;top:267px;">40,309</div><div id="a40246" style="position:absolute;font-family:'Arial';left:612px;top:267px;">32,251</div><div id="a40248" style="position:absolute;font-family:'Arial';left:4px;top:286px;">Net (loss) income </div><div id="a40251" style="position:absolute;font-family:'Arial';left:374px;top:286px;">$ </div><div id="a40253" style="position:absolute;font-family:'Arial';left:404px;top:286px;display:flex;">(432,056)</div><div id="a40256" style="position:absolute;font-family:'Arial';left:472px;top:286px;">$ </div><div id="a40258" style="position:absolute;font-family:'Arial';left:502px;top:286px;display:flex;">(108,881)</div><div id="a40261" style="position:absolute;font-family:'Arial';left:570px;top:286px;">$ </div><div id="a40263" style="position:absolute;font-family:'Arial';left:605px;top:286px;">156,065</div></div></div><div id="TextBlockContainer2298" style="position:relative;line-height:normal;width:668px;height:148px;"><div id="TextContainer2298" style="position:relative;width:668px;z-index:1;font-size:13.28px;"><div id="a40266" style="position:absolute;font-family:'Arial';font-size:6.72px;left:2px;top:1px;">(1)</div><div id="a40268" style="position:absolute;font-family:'Arial';font-size:10.08px;left:13px;top:1px;">Includes interest income of $</div><div id="a40268_29_3" style="position:absolute;font-family:'Arial';font-size:10.08px;left:140px;top:1px;">9.4</div><div id="a40268_32_11" style="position:absolute;font-family:'Arial';font-size:10.08px;left:154px;top:1px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>million, $</div><div id="a40268_43_4" style="position:absolute;font-family:'Arial';font-size:10.08px;left:197px;top:1px;">15.4</div><div id="a40268_47_15" style="position:absolute;font-family:'Arial';font-size:10.08px;left:216px;top:1px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>million, and $</div><div id="a40268_62_3" style="position:absolute;font-family:'Arial';font-size:10.08px;left:278px;top:1px;">7.6</div><div id="a40268_65_72" style="position:absolute;font-family:'Arial';font-size:10.08px;left:292px;top:1px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>million for the years ended December 31,<div style="display:inline-block;width:1px;white-space:pre"> </div>2025, 2024, 2023 respectively.</div><div id="a40291" style="position:absolute;font-family:'Arial';font-size:6.72px;left:2px;top:25px;">(2)</div><div id="a40293" style="position:absolute;font-family:'Arial';font-size:10.08px;left:13px;top:26px;">Refer to Note 4. “Other, net” for further discussion. </div><div id="a40303" style="position:absolute;font-family:'Arial';font-size:6.72px;left:2px;top:50px;">(3)</div><div id="a40304" style="position:absolute;font-family:'Arial';font-size:10.08px;left:11px;top:51px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>Relates to stamp duty on Curragh’s acquisition.<div style="display:inline-block;width:1px;white-space:pre"> </div></div><div id="a40307" style="position:absolute;font-family:'Arial';font-size:6.72px;left:2px;top:75px;">(4)</div><div id="a40311" style="position:absolute;font-family:'Arial';font-size:10.08px;left:13px;top:75px;">During the year ended December 31, 2024, a restructuring and cost transformation initiative commenced at the Australian Operations to focus on </div><div id="a40313" style="position:absolute;font-family:'Arial';font-size:10.08px;left:2px;top:87px;">repositioning the Company’s efforts to align its cost<div style="display:inline-block;width:1px;white-space:pre"> </div>structures and optimize its operations. </div><div id="a40315" style="position:absolute;font-family:'Arial';font-size:6.72px;left:2px;top:111px;">(5)</div><div id="a40319" style="position:absolute;font-family:'Arial';font-size:10.08px;left:13px;top:112px;">During the year ended<div style="display:inline-block;width:1px;white-space:pre"> </div>December 31, 2025,<div style="display:inline-block;width:1px;white-space:pre"> </div>the Company recognized<div style="display:inline-block;width:1px;white-space:pre"> </div>an $</div><div id="a40319_68_4" style="position:absolute;font-family:'Arial';font-size:10.08px;left:339px;top:112px;">11.0</div><div id="a40319_72_69" style="position:absolute;font-family:'Arial';font-size:10.08px;left:359px;top:112px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>million gain on disposal<div style="display:inline-block;width:1px;white-space:pre"> </div>of the Russell County<div style="display:inline-block;width:1px;white-space:pre"> </div>development property </div><div id="a40325" style="position:absolute;font-family:'Arial';font-size:10.08px;left:2px;top:123px;">and a $</div><div id="a40325_7_3" style="position:absolute;font-family:'Arial';font-size:10.08px;left:35px;top:123px;">2.2</div><div id="a40325_10_142" style="position:absolute;font-family:'Arial';font-size:10.08px;left:49px;top:123px;"><div style="display:inline-block;width:2px;white-space:pre"> </div>million loss on disposal<div style="display:inline-block;width:1px;white-space:pre"> </div>of the Greenbrier<div style="display:inline-block;width:1px;white-space:pre"> </div>idle asset, both<div style="display:inline-block;width:1px;white-space:pre"> </div>of which previously<div style="display:inline-block;width:1px;white-space:pre"> </div>part of its U.S.<div style="display:inline-block;width:1px;white-space:pre"> </div>Operations. During the<div style="display:inline-block;width:1px;white-space:pre"> </div>years ended December </div><div id="a40332" style="position:absolute;font-family:'Arial';font-size:10.08px;left:2px;top:135px;">31, 2024 and 2023, it included care and<div style="display:inline-block;width:1px;white-space:pre"> </div>maintenance costs of the idled non-core asset<div style="display:inline-block;width:1px;white-space:pre"> </div>Greenbrier that was sold on January 14,<div style="display:inline-block;width:1px;white-space:pre"> </div>2025.</div></div></div> -144167000 115140000 381713000 185350000 187400000 160711000 -99291000 -58856000 -56751000 -19258000 -14732000 -1385000 585000 12339000 2899000 0 0 -41321000 0 10585000 0 0 729000 0 8817000 -4574000 -4846000 4758000 -207000 -4216000 993000 0 0 -444415000 -149190000 123814000 -12359000 -40309000 -32251000 -432056000 -108881000 156065000 9400000 15400000 7600000 11000000.0 -2200000 <div id="TextBlockContainer2307" style="position:relative;line-height:normal;width:670px;height:135px;"><div style="position:absolute; width:91px; height:1px; left:376.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:467.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:467.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:473.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:90.4px; height:1px; left:473.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:564.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:564.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:570.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:90.4px; height:1px; left:570.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:371.1px; height:1px; left:1px; top:28.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:11px; height:1px; left:376.1px; top:28.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:387.2px; top:28.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:387.8px; top:28.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:11px; height:1px; left:473.1px; top:28.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:484.1px; top:28.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:484.8px; top:28.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:11px; height:1px; left:570.1px; top:28.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:581.1px; top:28.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:581.8px; top:28.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:11px; height:1px; left:376.1px; top:114.6px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:387.2px; top:114.6px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:387.8px; top:114.6px; background-color:#000000; "> </div> <div style="position:absolute; width:11px; height:1px; left:473.1px; top:114.6px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:484.1px; top:114.6px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:484.8px; top:114.6px; background-color:#000000; "> </div> <div style="position:absolute; width:11px; height:1px; left:570.1px; top:114.6px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:581.1px; top:114.6px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:581.8px; top:114.6px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:375.2px; top:133.3px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:386.2px; top:133.3px; background-color:#000000; "> </div> <div style="position:absolute; width:78.1px; height:1px; left:389.1px; top:133.3px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:472.1px; top:133.3px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:483.2px; top:133.3px; background-color:#000000; "> </div> <div style="position:absolute; width:78.1px; height:1px; left:486.1px; top:133.3px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:569.1px; top:133.3px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:580.2px; top:133.3px; background-color:#000000; "> </div> <div style="position:absolute; width:78.1px; height:1px; left:583.1px; top:133.3px; background-color:#000000; "> </div> <div id="TextContainer2307" style="position:relative;width:670px;z-index:1;font-size:13.28px;"><div id="a40365" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:453px;top:0px;">Year Ended December 31, </div><div id="a40367" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:17px;">(US$ thousands) </div><div id="a40370" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:410px;top:17px;">2025 </div><div id="a40373" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:507px;top:17px;">2024 </div><div id="a40376" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:604px;top:17px;">2023 </div><div id="a40378" style="position:absolute;font-family:'Arial';left:4px;top:33px;">Capital expenditures per Consolidated Statement of<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a40380" style="position:absolute;font-family:'Arial';left:4px;top:48px;">Cash Flows </div><div id="a40383" style="position:absolute;font-family:'Arial';left:379px;top:48px;">$ </div><div id="a40385" style="position:absolute;font-family:'Arial';left:413px;top:48px;">244,784</div><div id="a40388" style="position:absolute;font-family:'Arial';left:476px;top:48px;">$ </div><div id="a40390" style="position:absolute;font-family:'Arial';left:510px;top:48px;">248,142</div><div id="a40393" style="position:absolute;font-family:'Arial';left:573px;top:48px;">$ </div><div id="a40395" style="position:absolute;font-family:'Arial';left:607px;top:48px;">237,205</div><div id="a40397" style="position:absolute;font-family:'Arial';left:4px;top:65px;">Net movement in accruals for capital expenditures </div><div id="a40401" style="position:absolute;font-family:'Arial';left:415px;top:65px;display:flex;">(10,173)</div><div id="a40405" style="position:absolute;font-family:'Arial';left:517px;top:65px;">12,497</div><div id="a40409" style="position:absolute;font-family:'Arial';left:628px;top:65px;display:flex;">(453)</div><div id="a40411" style="position:absolute;font-family:'Arial';left:4px;top:82px;">Capital acquired through finance leases </div><div id="a40415" style="position:absolute;font-family:'Arial';left:420px;top:82px;">29,072</div><div id="a40419" style="position:absolute;font-family:'Arial';left:545px;top:82px;">—</div><div id="a40423" style="position:absolute;font-family:'Arial';left:642px;top:82px;">—</div><div id="a40425" style="position:absolute;font-family:'Arial';left:4px;top:99px;">Net movement in deposits to acquire long lead capital<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a40429" style="position:absolute;font-family:'Arial';left:420px;top:99px;">27,121</div><div id="a40433" style="position:absolute;font-family:'Arial';left:512px;top:99px;display:flex;">(10,768)</div><div id="a40437" style="position:absolute;font-family:'Arial';left:617px;top:99px;display:flex;">(8,994)</div><div id="a40439" style="position:absolute;font-family:'Arial';left:4px;top:118px;">Capital expenditures per segment detail </div><div id="a40442" style="position:absolute;font-family:'Arial';left:379px;top:118px;">$ </div><div id="a40444" style="position:absolute;font-family:'Arial';left:413px;top:118px;">290,804</div><div id="a40447" style="position:absolute;font-family:'Arial';left:476px;top:118px;">$ </div><div id="a40449" style="position:absolute;font-family:'Arial';left:510px;top:118px;">249,871</div><div id="a40452" style="position:absolute;font-family:'Arial';left:573px;top:118px;">$ </div><div id="a40454" style="position:absolute;font-family:'Arial';left:607px;top:118px;">227,758</div></div></div> 244784000 248142000 237205000 -10173000 12497000 -453000 29072000 0 0 -27121000 10768000 8994000 290804000 249871000 227758000 <div id="TextBlockContainer2316" style="position:relative;line-height:normal;width:666px;height:135px;"><div style="position:absolute; width:13.1px; height:1px; left:369.9px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:383.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:383.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:463.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:463.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:469px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12.3px; height:1px; left:469.6px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:481.9px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:482.6px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:562px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.4px; height:1px; left:562.6px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:568.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12.3px; height:1px; left:568.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:581px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:581.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:363.1px; height:1px; left:0.9px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:13.1px; height:1px; left:369.9px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:383.1px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:383.7px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:13px; height:1px; left:469px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:481.9px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:482.6px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:13px; height:1px; left:568.1px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:581px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:581.7px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:13.1px; height:1px; left:369.9px; top:79.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:383.1px; top:79.8px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:383.7px; top:79.8px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:469px; top:79.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:481.9px; top:79.8px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:482.6px; top:79.8px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:568.1px; top:79.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:581px; top:79.8px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:581.7px; top:79.8px; background-color:#000000; "> </div> <div style="position:absolute; width:13.1px; height:1px; left:369.9px; top:114.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:383.1px; top:114.5px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:383.7px; top:114.5px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:469px; top:114.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:481.9px; top:114.5px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:482.6px; top:114.5px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:568.1px; top:114.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:581px; top:114.5px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:581.7px; top:114.5px; background-color:#000000; "> </div> <div style="position:absolute; width:14.1px; height:1px; left:369px; top:133.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:382.1px; top:133.2px; background-color:#000000; "> </div> <div style="position:absolute; width:78.1px; height:1px; left:385px; top:133.2px; background-color:#000000; "> </div> <div style="position:absolute; width:13.9px; height:1px; left:468px; top:133.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:481px; top:133.2px; background-color:#000000; "> </div> <div style="position:absolute; width:78.1px; height:1px; left:483.9px; top:133.2px; background-color:#000000; "> </div> <div style="position:absolute; width:13.9px; height:1px; left:567.1px; top:133.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:580.1px; top:133.2px; background-color:#000000; "> </div> <div style="position:absolute; width:78.1px; height:1px; left:582.9px; top:133.2px; background-color:#000000; "> </div> <div id="TextContainer2316" style="position:relative;width:666px;z-index:1;font-size:13.28px;"><div id="a40483" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:443px;top:0px;">Year Ended December 31, 2025 </div><div id="a40485" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:16px;">(US$ thousands) </div><div id="a40489" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:401px;top:16px;">Australia </div><div id="a40493" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:488px;top:16px;">United States </div><div id="a40497" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:609px;top:16px;">Total </div><div id="a40499" style="position:absolute;font-family:'Arial';left:4px;top:31px;">Product Groups: </div><div id="a40510" style="position:absolute;font-family:'Arial';left:4px;top:48px;">Metallurgical coal </div><div id="a40513" style="position:absolute;font-family:'Arial';left:373px;top:47px;">$ </div><div id="a40515" style="position:absolute;font-family:'Arial';left:397px;top:48px;">1,024,828</div><div id="a40518" style="position:absolute;font-family:'Arial';left:472px;top:47px;">$ </div><div id="a40520" style="position:absolute;font-family:'Arial';left:508px;top:48px;">734,277</div><div id="a40523" style="position:absolute;font-family:'Arial';left:571px;top:47px;">$ </div><div id="a40525" style="position:absolute;font-family:'Arial';left:595px;top:48px;">1,759,105</div><div id="a40527" style="position:absolute;font-family:'Arial';left:4px;top:65px;">Thermal coal </div><div id="a40531" style="position:absolute;font-family:'Arial';left:409px;top:65px;">131,901</div><div id="a40535" style="position:absolute;font-family:'Arial';left:515px;top:65px;">29,410</div><div id="a40539" style="position:absolute;font-family:'Arial';left:607px;top:65px;">161,311</div><div id="a40541" style="position:absolute;font-family:'Arial';left:4px;top:82px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>coal revenue </div><div id="a40545" style="position:absolute;font-family:'Arial';left:397px;top:82px;">1,156,729</div><div id="a40549" style="position:absolute;font-family:'Arial';left:508px;top:82px;">763,687</div><div id="a40553" style="position:absolute;font-family:'Arial';left:595px;top:82px;">1,920,416</div><div id="a40555" style="position:absolute;font-family:'Arial';left:4px;top:99px;">Other </div><div id="a40556" style="position:absolute;font-family:'Arial';font-size:8.64px;left:41px;top:100px;">(1)</div><div id="a40560" style="position:absolute;font-family:'Arial';left:416px;top:99px;">28,569</div><div id="a40564" style="position:absolute;font-family:'Arial';left:534px;top:99px;">802</div><div id="a40568" style="position:absolute;font-family:'Arial';left:614px;top:99px;">29,371</div><div id="a40570" style="position:absolute;font-family:'Arial';left:4px;top:118px;">Total </div><div id="a40573" style="position:absolute;font-family:'Arial';left:373px;top:117px;">$ </div><div id="a40575" style="position:absolute;font-family:'Arial';left:397px;top:118px;">1,185,298</div><div id="a40578" style="position:absolute;font-family:'Arial';left:472px;top:117px;">$ </div><div id="a40580" style="position:absolute;font-family:'Arial';left:508px;top:118px;">764,489</div><div id="a40583" style="position:absolute;font-family:'Arial';left:571px;top:117px;">$ </div><div id="a40585" style="position:absolute;font-family:'Arial';left:595px;top:118px;">1,949,787</div></div></div><div id="TextBlockContainer2324" style="position:relative;line-height:normal;width:669px;height:134px;"><div id="div_2321_XBRL_TS_3675f5ea4b134ecfb6450e4f0e856f80" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2322" style="position:relative;line-height:normal;width:669px;height:134px;"><div style="position:absolute; width:13px; height:1px; left:372.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:385px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:385.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:465px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.4px; height:1px; left:465.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:471.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12.3px; height:1px; left:471.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:484.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:484.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:564.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:564.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:570px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12.5px; height:1px; left:570.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:583.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:583.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:365.1px; height:1px; left:0.9px; top:27.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:13px; height:1px; left:372.1px; top:27.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:385px; top:27.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:385.7px; top:27.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:13px; height:1px; left:471.1px; top:27.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:484.1px; top:27.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:484.7px; top:27.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:13.1px; height:1px; left:570px; top:27.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:583.1px; top:27.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:583.8px; top:27.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:13px; height:1px; left:372.1px; top:79.3px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:385px; top:79.3px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:385.7px; top:79.3px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:471.1px; top:79.3px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:484.1px; top:79.3px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:484.7px; top:79.3px; background-color:#000000; "> </div> <div style="position:absolute; width:13.1px; height:1px; left:570px; top:79.3px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:583.1px; top:79.3px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:583.8px; top:79.3px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:372.1px; top:113.9px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:385px; top:113.9px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:385.7px; top:113.9px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:471.1px; top:113.9px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:484.1px; top:113.9px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:484.7px; top:113.9px; background-color:#000000; "> </div> <div style="position:absolute; width:13.1px; height:1px; left:570px; top:113.9px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:583.1px; top:113.9px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:583.8px; top:113.9px; background-color:#000000; "> </div> <div style="position:absolute; width:13.9px; height:1px; left:371.1px; top:132.8px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:384.1px; top:132.8px; background-color:#000000; "> </div> <div style="position:absolute; width:78.1px; height:1px; left:386.9px; top:132.8px; background-color:#000000; "> </div> <div style="position:absolute; width:13.9px; height:1px; left:470.1px; top:132.8px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:483.1px; top:132.8px; background-color:#000000; "> </div> <div style="position:absolute; width:78.1px; height:1px; left:486px; top:132.8px; background-color:#000000; "> </div> <div style="position:absolute; width:14.1px; height:1px; left:569.1px; top:132.8px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:582.2px; top:132.8px; background-color:#000000; "> </div> <div style="position:absolute; width:78.1px; height:1px; left:585.1px; top:132.8px; background-color:#000000; "> </div> <div id="TextContainer2322" style="position:relative;width:669px;z-index:1;font-size:13.28px;"><div id="a40590" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:439px;top:0px;">Year Ended December 31, 2024 </div><div id="a40592" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:16px;">(US$ thousands) </div><div id="a40596" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:403px;top:16px;">Australia </div><div id="a40600" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:490px;top:16px;">United States </div><div id="a40604" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:611px;top:16px;">Total </div><div id="a40606" style="position:absolute;font-family:'Arial';left:4px;top:30px;">Product Groups: </div><div id="a40617" style="position:absolute;font-family:'Arial';left:4px;top:47px;">Metallurgical coal </div><div id="a40620" style="position:absolute;font-family:'Arial';left:375px;top:46px;">$ </div><div id="a40622" style="position:absolute;font-family:'Arial';left:399px;top:47px;">1,472,477</div><div id="a40625" style="position:absolute;font-family:'Arial';left:474px;top:46px;">$ </div><div id="a40627" style="position:absolute;font-family:'Arial';left:510px;top:47px;">854,587</div><div id="a40630" style="position:absolute;font-family:'Arial';left:573px;top:46px;">$ </div><div id="a40632" style="position:absolute;font-family:'Arial';left:598px;top:47px;">2,327,064</div><div id="a40634" style="position:absolute;font-family:'Arial';left:4px;top:64px;">Thermal coal </div><div id="a40638" style="position:absolute;font-family:'Arial';left:418px;top:64px;">87,798</div><div id="a40642" style="position:absolute;font-family:'Arial';left:517px;top:64px;">30,000</div><div id="a40646" style="position:absolute;font-family:'Arial';left:609px;top:64px;">117,798</div><div id="a40648" style="position:absolute;font-family:'Arial';left:4px;top:82px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>coal revenue </div><div id="a40652" style="position:absolute;font-family:'Arial';left:399px;top:82px;">1,560,275</div><div id="a40656" style="position:absolute;font-family:'Arial';left:510px;top:82px;">884,587</div><div id="a40660" style="position:absolute;font-family:'Arial';left:598px;top:82px;">2,444,862</div><div id="a40662" style="position:absolute;font-family:'Arial';left:4px;top:99px;">Other </div><div id="a40663" style="position:absolute;font-family:'Arial';font-size:8.64px;left:41px;top:99px;">(1)(2)</div><div id="a40667" style="position:absolute;font-family:'Arial';left:418px;top:99px;">34,706</div><div id="a40671" style="position:absolute;font-family:'Arial';left:517px;top:99px;">28,145</div><div id="a40675" style="position:absolute;font-family:'Arial';left:616px;top:99px;">62,851</div><div id="a40677" style="position:absolute;font-family:'Arial';left:4px;top:118px;">Total </div><div id="a40680" style="position:absolute;font-family:'Arial';left:375px;top:116px;">$ </div><div id="a40682" style="position:absolute;font-family:'Arial';left:399px;top:118px;">1,594,981</div><div id="a40685" style="position:absolute;font-family:'Arial';left:474px;top:116px;">$ </div><div id="a40687" style="position:absolute;font-family:'Arial';left:510px;top:118px;">912,732</div><div id="a40690" style="position:absolute;font-family:'Arial';left:574px;top:116px;">$ </div><div id="a40692" style="position:absolute;font-family:'Arial';left:598px;top:118px;">2,507,713</div></div></div></div></div><div id="TextBlockContainer2330" style="position:relative;line-height:normal;width:669px;height:135px;"><div id="div_2327_XBRL_TS_b77f627715c84030bf83713a0cd373d3" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2328" style="position:relative;line-height:normal;width:669px;height:135px;"><div style="position:absolute; width:13.1px; height:1px; left:370.5px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:383.6px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:80.3px; height:1px; left:384.3px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:464.6px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:465.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:470.5px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12.5px; height:1px; left:471.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:483.6px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:80.4px; height:1px; left:484.3px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:564.6px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:565.3px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:570.5px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12.5px; height:1px; left:571.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:583.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:80.3px; height:1px; left:584.3px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:363.1px; height:1px; left:1.4px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:13.1px; height:1px; left:370.5px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:383.6px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:80.3px; height:1px; left:384.3px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:13.1px; height:1px; left:470.5px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:483.6px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:80.4px; height:1px; left:484.3px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:13.1px; height:1px; left:570.5px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:583.7px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:80.3px; height:1px; left:584.3px; top:28.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:13.1px; height:1px; left:370.5px; top:79.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:383.6px; top:79.8px; background-color:#000000; "> </div> <div style="position:absolute; width:80.3px; height:1px; left:384.3px; top:79.8px; background-color:#000000; "> </div> <div style="position:absolute; width:13.1px; height:1px; left:470.5px; top:79.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:483.6px; top:79.8px; background-color:#000000; "> </div> <div style="position:absolute; width:80.4px; height:1px; left:484.3px; top:79.8px; background-color:#000000; "> </div> <div style="position:absolute; width:13.1px; height:1px; left:570.5px; top:79.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:583.7px; top:79.8px; background-color:#000000; "> </div> <div style="position:absolute; width:80.3px; height:1px; left:584.3px; top:79.8px; background-color:#000000; "> </div> <div style="position:absolute; width:13.1px; height:1px; left:370.5px; top:114.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:383.6px; top:114.5px; background-color:#000000; "> </div> <div style="position:absolute; width:80.3px; height:1px; left:384.3px; top:114.5px; background-color:#000000; "> </div> <div style="position:absolute; width:13.1px; height:1px; left:470.5px; top:114.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:483.6px; top:114.5px; background-color:#000000; "> </div> <div style="position:absolute; width:80.4px; height:1px; left:484.3px; top:114.5px; background-color:#000000; "> </div> <div style="position:absolute; width:13.1px; height:1px; left:570.5px; top:114.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:583.7px; top:114.5px; background-color:#000000; "> </div> <div style="position:absolute; width:80.3px; height:1px; left:584.3px; top:114.5px; background-color:#000000; "> </div> <div style="position:absolute; width:14.1px; height:1px; left:369.5px; top:133.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:382.7px; top:133.2px; background-color:#000000; "> </div> <div style="position:absolute; width:79px; height:1px; left:385.5px; top:133.2px; background-color:#000000; "> </div> <div style="position:absolute; width:14.1px; height:1px; left:469.5px; top:133.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:482.7px; top:133.2px; background-color:#000000; "> </div> <div style="position:absolute; width:79.1px; height:1px; left:485.5px; top:133.2px; background-color:#000000; "> </div> <div style="position:absolute; width:14.1px; height:1px; left:569.6px; top:133.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:582.7px; top:133.2px; background-color:#000000; "> </div> <div style="position:absolute; width:79px; height:1px; left:585.6px; top:133.2px; background-color:#000000; "> </div> <div id="TextContainer2328" style="position:relative;width:669px;z-index:1;font-size:13.28px;"><div id="a40698" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:445px;top:0px;">Year Ended December 31, 2023 </div><div id="a40700" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:16px;">(US$ thousands) </div><div id="a40704" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:401px;top:16px;">Australia </div><div id="a40708" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:490px;top:16px;">United States </div><div id="a40712" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:611px;top:16px;">Total </div><div id="a40714" style="position:absolute;font-family:'Arial';left:4px;top:31px;">Product Groups: </div><div id="a40725" style="position:absolute;font-family:'Arial';left:4px;top:48px;">Metallurgical coal </div><div id="a40728" style="position:absolute;font-family:'Arial';left:373px;top:47px;">$ </div><div id="a40730" style="position:absolute;font-family:'Arial';left:398px;top:48px;">1,557,471</div><div id="a40733" style="position:absolute;font-family:'Arial';left:473px;top:47px;">$ </div><div id="a40735" style="position:absolute;font-family:'Arial';left:498px;top:48px;">1,031,012</div><div id="a40738" style="position:absolute;font-family:'Arial';left:573px;top:47px;">$ </div><div id="a40740" style="position:absolute;font-family:'Arial';left:599px;top:48px;">2,588,483</div><div id="a40742" style="position:absolute;font-family:'Arial';left:4px;top:65px;">Thermal coal </div><div id="a40746" style="position:absolute;font-family:'Arial';left:417px;top:65px;">88,281</div><div id="a40750" style="position:absolute;font-family:'Arial';left:510px;top:65px;">153,925</div><div id="a40754" style="position:absolute;font-family:'Arial';left:610px;top:65px;">242,206</div><div id="a40756" style="position:absolute;font-family:'Arial';left:4px;top:82px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>coal revenue </div><div id="a40760" style="position:absolute;font-family:'Arial';left:398px;top:82px;">1,645,752</div><div id="a40764" style="position:absolute;font-family:'Arial';left:498px;top:82px;">1,184,937</div><div id="a40768" style="position:absolute;font-family:'Arial';left:599px;top:82px;">2,830,689</div><div id="a40770" style="position:absolute;font-family:'Arial';left:4px;top:99px;">Other </div><div id="a40771" style="position:absolute;font-family:'Arial';font-size:8.64px;left:41px;top:100px;">(1)(2)</div><div id="a40775" style="position:absolute;font-family:'Arial';left:417px;top:99px;">35,770</div><div id="a40779" style="position:absolute;font-family:'Arial';left:517px;top:99px;">24,144</div><div id="a40783" style="position:absolute;font-family:'Arial';left:617px;top:99px;">59,914</div><div id="a40785" style="position:absolute;font-family:'Arial';left:4px;top:118px;">Total </div><div id="a40788" style="position:absolute;font-family:'Arial';left:373px;top:117px;">$ </div><div id="a40790" style="position:absolute;font-family:'Arial';left:398px;top:118px;">1,681,522</div><div id="a40793" style="position:absolute;font-family:'Arial';left:473px;top:117px;">$ </div><div id="a40795" style="position:absolute;font-family:'Arial';left:498px;top:118px;">1,209,081</div><div id="a40798" style="position:absolute;font-family:'Arial';left:573px;top:117px;">$ </div><div id="a40800" style="position:absolute;font-family:'Arial';left:599px;top:118px;">2,890,603</div></div></div></div></div><div id="TextBlockContainer2334" style="position:relative;line-height:normal;width:668px;height:64px;"><div id="TextContainer2334" style="position:relative;width:668px;z-index:1;font-size:13.28px;"><div id="a40803" style="position:absolute;font-family:'Arial';font-size:6.72px;left:2px;top:0px;">(1) </div><div id="a40805" style="position:absolute;font-family:'Arial';font-size:10.08px;left:14px;top:0px;">Included<div style="display:inline-block;width:4px;white-space:pre"> </div>in<div style="display:inline-block;width:4px;white-space:pre"> </div>Other<div style="display:inline-block;width:4px;white-space:pre"> </div>revenue<div style="display:inline-block;width:4px;white-space:pre"> </div>for<div style="display:inline-block;width:5px;white-space:pre"> </div>Australian<div style="display:inline-block;width:4px;white-space:pre"> </div>Operation<div style="display:inline-block;width:4px;white-space:pre"> </div>is<div style="display:inline-block;width:4px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>amortization<div style="display:inline-block;width:4px;white-space:pre"> </div>of<div style="display:inline-block;width:4px;white-space:pre"> </div>Stanwell<div style="display:inline-block;width:4px;white-space:pre"> </div>non-market coal<div style="display:inline-block;width:6px;white-space:pre"> </div>supply<div style="display:inline-block;width:4px;white-space:pre"> </div>agreement<div style="display:inline-block;width:4px;white-space:pre"> </div>liability<div style="display:inline-block;width:4px;white-space:pre"> </div>recognized on </div><div id="a40845" style="position:absolute;font-family:'Arial';font-size:10.08px;left:2px;top:12px;">acquisition of Curragh. See further discussion<div style="display:inline-block;width:1px;white-space:pre"> </div>in Note 14 “Contract Obligations.” </div><div id="a40869" style="position:absolute;font-family:'Arial';font-size:6.72px;left:2px;top:39px;">(2) </div><div id="a40871" style="position:absolute;font-family:'Arial';font-size:10.08px;left:13px;top:39px;">Other revenue for the U.S.<div style="display:inline-block;width:4px;white-space:pre"> </div>segment includes $</div><div id="a40871_45_4" style="position:absolute;font-family:'Arial';font-size:10.08px;left:223px;top:39px;">25.0</div><div id="a40871_49_14" style="position:absolute;font-family:'Arial';font-size:10.08px;left:242px;top:39px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>million and $</div><div id="a40871_63_4" style="position:absolute;font-family:'Arial';font-size:10.08px;left:303px;top:39px;">17.5</div><div id="a40871_67_75" style="position:absolute;font-family:'Arial';font-size:10.08px;left:322px;top:39px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>for the years ended<div style="display:inline-block;width:4px;white-space:pre"> </div>December 31, 2024 and<div style="display:inline-block;width:4px;white-space:pre"> </div>2023, respectively, relating to </div><div id="a40917" style="position:absolute;font-family:'Arial';font-size:10.08px;left:2px;top:51px;">termination fee revenue from coal sales<div style="display:inline-block;width:1px;white-space:pre"> </div>contracts cancelled at the U.S. Operations.</div></div></div> 1024828000 734277000 1759105000 131901000 29410000 161311000 1156729000 763687000 1920416000 28569000 802000 29371000 1185298000 764489000 1949787000 1472477000 854587000 2327064000 87798000 30000000 117798000 1560275000 884587000 2444862000 34706000 28145000 62851000 1594981000 912732000 2507713000 1557471000 1031012000 2588483000 88281000 153925000 242206000 1645752000 1184937000 2830689000 35770000 24144000 59914000 1681522000 1209081000 2890603000 25000000.0 17500000 <div id="TextBlockContainer2339" style="position:relative;line-height:normal;width:222px;height:45px;"><div id="TextContainer2339" style="position:relative;width:222px;z-index:1;font-size:13.28px;"><div id="a41001_1_14" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:9px;top:0px;">4.<div style="display:inline-block;width:9px;white-space:pre"> </div>Other, net </div><div id="a41006" style="position:absolute;font-family:'Arial';left:5px;top:29px;">Other, net consists of the following:</div></div></div><div id="TextBlockContainer2345" style="position:relative;line-height:normal;width:664px;height:157px;"><div id="div_2342_XBRL_TS_11b187ee77e8412cb5691e6a3cf48930" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2343" style="position:relative;line-height:normal;width:664px;height:157px;"><div style="position:absolute; width:82.1px; height:1px; left:401.1px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:483.2px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:483.8px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:489.1px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:81.5px; height:1px; left:489.7px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:571.2px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:571.9px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:577.1px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:81.4px; height:1px; left:577.8px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:394.2px; height:1px; left:1px; top:29.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:401.1px; top:29.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:413.1px; top:29.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:413.7px; top:29.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:29.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:29.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:29.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:29.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:29.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:29.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:401.1px; top:136.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:413.1px; top:136.5px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:413.7px; top:136.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:136.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:136.5px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:136.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:136.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:136.5px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:136.5px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:400.1px; top:155.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:412.1px; top:155.2px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:415px; top:155.2px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:488.1px; top:155.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:500.1px; top:155.2px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:503px; top:155.2px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:576.2px; top:155.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:588.2px; top:155.2px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:591.1px; top:155.2px; background-color:#000000; "> </div> <div id="TextContainer2343" style="position:relative;width:664px;z-index:1;font-size:13.28px;"><div id="a41010" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:465px;top:0px;">Year Ended December 31,<div style="display:inline-block;width:3px;white-space:pre"> </div></div><div id="a41012" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:18px;">(US$ thousands) </div><div id="a41015" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:430px;top:18px;">2025 </div><div id="a41018" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:519px;top:18px;">2024 </div><div id="a41021" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:607px;top:18px;">2023 </div><div id="a41023" style="position:absolute;font-family:'Arial';left:4px;top:36px;">Other foreign exchange gains</div><div id="a41024" style="position:absolute;font-family:'Arial';font-size:8.64px;left:179px;top:37px;">(1)</div><div id="a41027" style="position:absolute;font-family:'Arial';left:404px;top:36px;">$ </div><div id="a41029" style="position:absolute;font-family:'Arial';left:454px;top:36px;">585</div><div id="a41032" style="position:absolute;font-family:'Arial';left:492px;top:36px;">$ </div><div id="a41034" style="position:absolute;font-family:'Arial';left:524px;top:36px;">12,339</div><div id="a41037" style="position:absolute;font-family:'Arial';left:580px;top:36px;">$ </div><div id="a41039" style="position:absolute;font-family:'Arial';left:619px;top:36px;">2,899</div><div id="a41041" style="position:absolute;font-family:'Arial';left:4px;top:53px;">Other financing costs </div><div id="a41045" style="position:absolute;font-family:'Arial';left:438px;top:53px;display:flex;">(1,500)</div><div id="a41049" style="position:absolute;font-family:'Arial';left:551px;top:53px;">—</div><div id="a41053" style="position:absolute;font-family:'Arial';left:639px;top:53px;">—</div><div id="a41055" style="position:absolute;font-family:'Arial';left:4px;top:70px;">Gain on sale of assets </div><div id="a41059" style="position:absolute;font-family:'Arial';left:443px;top:70px;">8,817</div><div id="a41063" style="position:absolute;font-family:'Arial';left:551px;top:70px;">—</div><div id="a41067" style="position:absolute;font-family:'Arial';left:639px;top:70px;">—</div><div id="a41069" style="position:absolute;font-family:'Arial';left:4px;top:87px;">Impairment of non-core assets </div><div id="a41075" style="position:absolute;font-family:'Arial';left:463px;top:87px;">—</div><div id="a41079" style="position:absolute;font-family:'Arial';left:519px;top:87px;display:flex;">(10,585)</div><div id="a41083" style="position:absolute;font-family:'Arial';left:639px;top:87px;">—</div><div id="a41085" style="position:absolute;font-family:'Arial';left:4px;top:104px;">Restructuring costs </div><div id="a41089" style="position:absolute;font-family:'Arial';left:463px;top:104px;">—</div><div id="a41093" style="position:absolute;font-family:'Arial';left:538px;top:104px;display:flex;">(729)</div><div id="a41097" style="position:absolute;font-family:'Arial';left:639px;top:104px;">—</div><div id="a41099" style="position:absolute;font-family:'Arial';left:4px;top:121px;">Other income </div><div id="a41103" style="position:absolute;font-family:'Arial';left:443px;top:121px;">2,676</div><div id="a41107" style="position:absolute;font-family:'Arial';left:531px;top:121px;">2,709</div><div id="a41111" style="position:absolute;font-family:'Arial';left:619px;top:121px;">2,865</div><div id="a41113" style="position:absolute;font-family:'Arial';left:4px;top:140px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>Other, net </div><div id="a41116" style="position:absolute;font-family:'Arial';left:404px;top:140px;">$ </div><div id="a41118" style="position:absolute;font-family:'Arial';left:436px;top:140px;">10,578</div><div id="a41121" style="position:absolute;font-family:'Arial';left:492px;top:140px;">$ </div><div id="a41123" style="position:absolute;font-family:'Arial';left:531px;top:140px;">3,734</div><div id="a41126" style="position:absolute;font-family:'Arial';left:580px;top:140px;">$ </div><div id="a41128" style="position:absolute;font-family:'Arial';left:619px;top:140px;">5,764</div></div></div></div></div><div id="TextBlockContainer2351" style="position:relative;line-height:normal;width:668px;height:25px;"><div id="div_2348_XBRL_TS_72aed2d6cf6b4fb49a8d1149b0b45423" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2349" style="position:relative;line-height:normal;width:668px;height:25px;"><div id="TextContainer2349" style="position:relative;width:668px;z-index:1;font-size:13.28px;"><div id="a41131" style="position:absolute;font-family:'Arial';font-size:6.72px;left:2px;top:0px;">(1)</div><div id="a41132" style="position:absolute;font-family:'Arial';font-size:10.08px;left:11px;top:0px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>Other foreign exchange gains<div style="display:inline-block;width:1px;white-space:pre"> </div>primarily relates to gains and<div style="display:inline-block;width:1px;white-space:pre"> </div>losses recognized on<div style="display:inline-block;width:1px;white-space:pre"> </div>the translation of short-term inter-entity<div style="display:inline-block;width:1px;white-space:pre"> </div>balances between certain </div><div id="a41138" style="position:absolute;font-family:'Arial';font-size:10.08px;left:2px;top:12px;">entities within the Group that are denominated<div style="display:inline-block;width:1px;white-space:pre"> </div>in currencies other than their respective<div style="display:inline-block;width:1px;white-space:pre"> </div>functional currencies.</div></div></div></div></div> <div id="TextBlockContainer2343" style="position:relative;line-height:normal;width:664px;height:157px;"><div style="position:absolute; width:82.1px; height:1px; left:401.1px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:483.2px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:483.8px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:489.1px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:81.5px; height:1px; left:489.7px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:571.2px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:571.9px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:577.1px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:81.4px; height:1px; left:577.8px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:394.2px; height:1px; left:1px; top:29.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:401.1px; top:29.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:413.1px; top:29.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:413.7px; top:29.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:29.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:29.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:29.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:29.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:29.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:29.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:401.1px; top:136.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:413.1px; top:136.5px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:413.7px; top:136.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:136.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:136.5px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:136.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:136.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:136.5px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:136.5px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:400.1px; top:155.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:412.1px; top:155.2px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:415px; top:155.2px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:488.1px; top:155.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:500.1px; top:155.2px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:503px; top:155.2px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:576.2px; top:155.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:588.2px; top:155.2px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:591.1px; top:155.2px; background-color:#000000; "> </div> <div id="TextContainer2343" style="position:relative;width:664px;z-index:1;font-size:13.28px;"><div id="a41010" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:465px;top:0px;">Year Ended December 31,<div style="display:inline-block;width:3px;white-space:pre"> </div></div><div id="a41012" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:18px;">(US$ thousands) </div><div id="a41015" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:430px;top:18px;">2025 </div><div id="a41018" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:519px;top:18px;">2024 </div><div id="a41021" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:607px;top:18px;">2023 </div><div id="a41023" style="position:absolute;font-family:'Arial';left:4px;top:36px;">Other foreign exchange gains</div><div id="a41024" style="position:absolute;font-family:'Arial';font-size:8.64px;left:179px;top:37px;">(1)</div><div id="a41027" style="position:absolute;font-family:'Arial';left:404px;top:36px;">$ </div><div id="a41029" style="position:absolute;font-family:'Arial';left:454px;top:36px;">585</div><div id="a41032" style="position:absolute;font-family:'Arial';left:492px;top:36px;">$ </div><div id="a41034" style="position:absolute;font-family:'Arial';left:524px;top:36px;">12,339</div><div id="a41037" style="position:absolute;font-family:'Arial';left:580px;top:36px;">$ </div><div id="a41039" style="position:absolute;font-family:'Arial';left:619px;top:36px;">2,899</div><div id="a41041" style="position:absolute;font-family:'Arial';left:4px;top:53px;">Other financing costs </div><div id="a41045" style="position:absolute;font-family:'Arial';left:438px;top:53px;display:flex;">(1,500)</div><div id="a41049" style="position:absolute;font-family:'Arial';left:551px;top:53px;">—</div><div id="a41053" style="position:absolute;font-family:'Arial';left:639px;top:53px;">—</div><div id="a41055" style="position:absolute;font-family:'Arial';left:4px;top:70px;">Gain on sale of assets </div><div id="a41059" style="position:absolute;font-family:'Arial';left:443px;top:70px;">8,817</div><div id="a41063" style="position:absolute;font-family:'Arial';left:551px;top:70px;">—</div><div id="a41067" style="position:absolute;font-family:'Arial';left:639px;top:70px;">—</div><div id="a41069" style="position:absolute;font-family:'Arial';left:4px;top:87px;">Impairment of non-core assets </div><div id="a41075" style="position:absolute;font-family:'Arial';left:463px;top:87px;">—</div><div id="a41079" style="position:absolute;font-family:'Arial';left:519px;top:87px;display:flex;">(10,585)</div><div id="a41083" style="position:absolute;font-family:'Arial';left:639px;top:87px;">—</div><div id="a41085" style="position:absolute;font-family:'Arial';left:4px;top:104px;">Restructuring costs </div><div id="a41089" style="position:absolute;font-family:'Arial';left:463px;top:104px;">—</div><div id="a41093" style="position:absolute;font-family:'Arial';left:538px;top:104px;display:flex;">(729)</div><div id="a41097" style="position:absolute;font-family:'Arial';left:639px;top:104px;">—</div><div id="a41099" style="position:absolute;font-family:'Arial';left:4px;top:121px;">Other income </div><div id="a41103" style="position:absolute;font-family:'Arial';left:443px;top:121px;">2,676</div><div id="a41107" style="position:absolute;font-family:'Arial';left:531px;top:121px;">2,709</div><div id="a41111" style="position:absolute;font-family:'Arial';left:619px;top:121px;">2,865</div><div id="a41113" style="position:absolute;font-family:'Arial';left:4px;top:140px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>Other, net </div><div id="a41116" style="position:absolute;font-family:'Arial';left:404px;top:140px;">$ </div><div id="a41118" style="position:absolute;font-family:'Arial';left:436px;top:140px;">10,578</div><div id="a41121" style="position:absolute;font-family:'Arial';left:492px;top:140px;">$ </div><div id="a41123" style="position:absolute;font-family:'Arial';left:531px;top:140px;">3,734</div><div id="a41126" style="position:absolute;font-family:'Arial';left:580px;top:140px;">$ </div><div id="a41128" style="position:absolute;font-family:'Arial';left:619px;top:140px;">5,764</div></div></div><div id="TextBlockContainer2349" style="position:relative;line-height:normal;width:668px;height:25px;"><div id="TextContainer2349" style="position:relative;width:668px;z-index:1;font-size:13.28px;"><div id="a41131" style="position:absolute;font-family:'Arial';font-size:6.72px;left:2px;top:0px;">(1)</div><div id="a41132" style="position:absolute;font-family:'Arial';font-size:10.08px;left:11px;top:0px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>Other foreign exchange gains<div style="display:inline-block;width:1px;white-space:pre"> </div>primarily relates to gains and<div style="display:inline-block;width:1px;white-space:pre"> </div>losses recognized on<div style="display:inline-block;width:1px;white-space:pre"> </div>the translation of short-term inter-entity<div style="display:inline-block;width:1px;white-space:pre"> </div>balances between certain </div><div id="a41138" style="position:absolute;font-family:'Arial';font-size:10.08px;left:2px;top:12px;">entities within the Group that are denominated<div style="display:inline-block;width:1px;white-space:pre"> </div>in currencies other than their respective<div style="display:inline-block;width:1px;white-space:pre"> </div>functional currencies.</div></div></div> 585000 12339000 2899000 1500000 0 0 8817000 0 0 0 10585000 0 0 729000 0 2676000 2709000 2865000 10578000 3734000 5764000 <div id="TextBlockContainer2354" style="position:relative;line-height:normal;width:676px;height:196px;"><div id="TextContainer2354" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a41142_1_21" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:9px;top:0px;">5.<div style="display:inline-block;width:9px;white-space:pre"> </div>Capital Structure </div><div id="a41147" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:29px;">(a)</div><div id="a41148" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:21px;top:29px;"><div style="display:inline-block;width:8px;white-space:pre"> </div>Stockholders’ Equity </div><div id="a41151" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:57px;">Authorized Capital Stock </div><div id="a41158" style="position:absolute;font-family:'Arial';left:5px;top:88px;">The Company’s Certificate<div style="display:inline-block;width:2px;white-space:pre"> </div>of Incorporation,<div style="display:inline-block;width:2px;white-space:pre"> </div>as amended, authorizes<div style="display:inline-block;width:2px;white-space:pre"> </div>the Company to<div style="display:inline-block;width:2px;white-space:pre"> </div>issue </div><div id="a41158_88_13" style="position:absolute;font-family:'Arial';left:534px;top:88px;">1,100,000,000</div><div id="a41158_101_8" style="position:absolute;font-family:'Arial';left:620px;top:88px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>shares </div><div id="a41165" style="position:absolute;font-family:'Arial';left:5px;top:103px;">of $</div><div id="a41165_4_4" style="position:absolute;font-family:'Arial';left:28px;top:103px;">0.01</div><div id="a41165_8_40" style="position:absolute;font-family:'Arial';left:54px;top:103px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>par value capital<div style="display:inline-block;width:6px;white-space:pre"> </div>stock, consisting<div style="display:inline-block;width:5px;white-space:pre"> </div>of </div><div id="a41165_48_13" style="position:absolute;font-family:'Arial';left:278px;top:103px;">1,000,000,000</div><div id="a41165_61_28" style="position:absolute;font-family:'Arial';left:363px;top:103px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>shares of common<div style="display:inline-block;width:6px;white-space:pre"> </div>stock and </div><div id="a41165_89_11" style="position:absolute;font-family:'Arial';left:544px;top:103px;">100,000,000</div><div id="a41165_100_8" style="position:absolute;font-family:'Arial';left:618px;top:103px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>shares </div><div id="a41173" style="position:absolute;font-family:'Arial';left:5px;top:119px;">of preferred stock. </div><div id="a41176" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:149px;">Common Stock / CDIs </div><div id="a41179" style="position:absolute;font-family:'Arial';left:5px;top:180px;">As of December 31, 2025, 2024 and 2023, </div><div id="a41179_40_11" style="position:absolute;font-family:'Arial';left:260px;top:180px;">167,645,373</div><div id="a41179_51_41" style="position:absolute;font-family:'Arial';left:334px;top:180px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>shares of common stock were outstanding.</div></div></div><div id="TextBlockContainer2357" style="position:relative;line-height:normal;width:676px;height:221px;"><div id="TextContainer2357" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a41184" style="position:absolute;font-family:'Arial';left:9px;top:0px;">A portion of the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company’s common<div style="display:inline-block;width:5px;white-space:pre"> </div>stock is publicly<div style="display:inline-block;width:5px;white-space:pre"> </div>traded on the ASX<div style="display:inline-block;width:5px;white-space:pre"> </div>under the ticker<div style="display:inline-block;width:5px;white-space:pre"> </div>“CRN,” in the<div style="display:inline-block;width:5px;white-space:pre"> </div>form of </div><div id="a41186" style="position:absolute;font-family:'Arial';left:5px;top:15px;">CHESS Depositary Interests,<div style="display:inline-block;width:4px;white-space:pre"> </div>or CDIs. CDIs are units of beneficial ownership in shares of common stock held by </div><div id="a41189" style="position:absolute;font-family:'Arial';left:5px;top:31px;">CHESS Depositary Nominees Pty Limited, or CDN,<div style="display:inline-block;width:2px;white-space:pre"> </div>a wholly-owned subsidiary of ASX Limited,<div style="display:inline-block;width:2px;white-space:pre"> </div>the company that </div><div id="a41195" style="position:absolute;font-family:'Arial';left:5px;top:46px;">operates the ASX.</div><div id="a41197" style="position:absolute;font-family:'Arial';left:5px;top:73px;">As each CDI represents one-tenth of a share, holders<div style="display:inline-block;width:5px;white-space:pre"> </div>of CDIs will be entitled to </div><div id="a41197_81_3" style="position:absolute;font-family:'Arial';left:475px;top:73px;">one</div><div id="a41197_84_16" style="position:absolute;font-family:'Arial';left:497px;top:73px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>vote for every </div><div id="a41197_100_2" style="position:absolute;font-family:'Arial';left:585px;top:73px;">10</div><div id="a41197_102_11" style="position:absolute;font-family:'Arial';left:600px;top:73px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>CDIs they </div><div id="a41200" style="position:absolute;font-family:'Arial';left:5px;top:89px;">hold. CDI<div style="display:inline-block;width:6px;white-space:pre"> </div>holders<div style="display:inline-block;width:5px;white-space:pre"> </div>participate<div style="display:inline-block;width:5px;white-space:pre"> </div>in all<div style="display:inline-block;width:6px;white-space:pre"> </div>entitlements<div style="display:inline-block;width:5px;white-space:pre"> </div>which<div style="display:inline-block;width:5px;white-space:pre"> </div>attach to<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>underlying<div style="display:inline-block;width:5px;white-space:pre"> </div>shares<div style="display:inline-block;width:5px;white-space:pre"> </div>such<div style="display:inline-block;width:5px;white-space:pre"> </div>as participation<div style="display:inline-block;width:7px;white-space:pre"> </div>in </div><div id="a41205" style="position:absolute;font-family:'Arial';left:5px;top:104px;">rights issues, bonus issues, capital reductions and liquidation<div style="display:inline-block;width:5px;white-space:pre"> </div>preferences. </div><div id="a41207" style="position:absolute;font-family:'Arial';left:5px;top:131px;">The CDIs entitle holders<div style="display:inline-block;width:6px;white-space:pre"> </div>to receive dividends,<div style="display:inline-block;width:5px;white-space:pre"> </div>if declared, and<div style="display:inline-block;width:5px;white-space:pre"> </div>other rights economically<div style="display:inline-block;width:5px;white-space:pre"> </div>equivalent to shares<div style="display:inline-block;width:5px;white-space:pre"> </div>of </div><div id="a41212" style="position:absolute;font-family:'Arial';left:5px;top:147px;">common stock, including the right to<div style="display:inline-block;width:5px;white-space:pre"> </div>attend stockholders’ meetings. CDN, as<div style="display:inline-block;width:5px;white-space:pre"> </div>the stockholder of record, will vote </div><div id="a41213" style="position:absolute;font-family:'Arial';left:5px;top:162px;">the underlying shares in accordance with the directions<div style="display:inline-block;width:5px;white-space:pre"> </div>of the CDI holders.<div style="display:inline-block;width:4px;white-space:pre"> </div></div><div id="a41216" style="position:absolute;font-family:'Arial';left:5px;top:189px;">As of December 31,<div style="display:inline-block;width:5px;white-space:pre"> </div>2025, </div><div id="a41216_25_11" style="position:absolute;font-family:'Arial';left:165px;top:189px;">831,392,331</div><div id="a41216_36_43" style="position:absolute;font-family:'Arial';left:239px;top:189px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>CDIs (representing beneficial<div style="display:inline-block;width:5px;white-space:pre"> </div>interest in </div><div id="a41216_79_10" style="position:absolute;font-family:'Arial';left:482px;top:189px;">83,139,233</div><div id="a41216_89_18" style="position:absolute;font-family:'Arial';left:548px;top:189px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>shares of common </div><div id="a41219" style="position:absolute;font-family:'Arial';left:5px;top:205px;">stock) were owned by investors in the form of CDIs publicly<div style="display:inline-block;width:5px;white-space:pre"> </div>traded on the ASX.</div></div></div><div id="TextBlockContainer2360" style="position:relative;line-height:normal;width:676px;height:134px;"><div id="TextContainer2360" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a41221" style="position:absolute;font-family:'Arial';font-style:italic;left:5px;top:0px;">Coronado Group LLC</div><div id="a41223" style="position:absolute;font-family:'Arial';left:5px;top:29px;">As<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>December<div style="display:inline-block;width:6px;white-space:pre"> </div>31,<div style="display:inline-block;width:6px;white-space:pre"> </div>2025,<div style="display:inline-block;width:6px;white-space:pre"> </div>Coronado<div style="display:inline-block;width:6px;white-space:pre"> </div>Group<div style="display:inline-block;width:6px;white-space:pre"> </div>LLC,<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company’s<div style="display:inline-block;width:6px;white-space:pre"> </div>controlling<div style="display:inline-block;width:6px;white-space:pre"> </div>stockholder,<div style="display:inline-block;width:7px;white-space:pre"> </div>beneficially<div style="display:inline-block;width:6px;white-space:pre"> </div>owned </div><div id="a41229" style="position:absolute;font-family:'Arial';left:5px;top:44px;">845,061,399</div><div id="a41229_11_45" style="position:absolute;font-family:'Arial';left:79px;top:44px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>CDIs (representing a beneficial interest<div style="display:inline-block;width:2px;white-space:pre"> </div>in </div><div id="a41229_56_10" style="position:absolute;font-family:'Arial';left:327px;top:44px;">84,506,140</div><div id="a41229_66_38" style="position:absolute;font-family:'Arial';left:394px;top:44px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>shares of common stock) representing </div><div id="a41229_104_4" style="position:absolute;font-family:'Arial';left:625px;top:44px;">50.4</div><div id="a41229_108_2" style="position:absolute;font-family:'Arial';left:651px;top:44px;">% </div><div id="a41239" style="position:absolute;font-family:'Arial';left:5px;top:59px;">of<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>total </div><div id="a41239_13_13" style="position:absolute;font-family:'Arial';left:77px;top:59px;">1,676,453,730</div><div id="a41239_26_45" style="position:absolute;font-family:'Arial';left:162px;top:59px;"><div style="display:inline-block;width:6px;white-space:pre"> </div>CDIs<div style="display:inline-block;width:6px;white-space:pre"> </div>(representing<div style="display:inline-block;width:6px;white-space:pre"> </div>a<div style="display:inline-block;width:6px;white-space:pre"> </div>beneficial<div style="display:inline-block;width:6px;white-space:pre"> </div>interest<div style="display:inline-block;width:6px;white-space:pre"> </div>in </div><div id="a41239_71_11" style="position:absolute;font-family:'Arial';left:428px;top:59px;">167,645,373</div><div id="a41239_82_25" style="position:absolute;font-family:'Arial';left:502px;top:59px;"><div style="display:inline-block;width:6px;white-space:pre"> </div>shares<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>common<div style="display:inline-block;width:6px;white-space:pre"> </div>stock) </div><div id="a41247" style="position:absolute;font-family:'Arial';left:5px;top:75px;">outstanding.<div style="display:inline-block;width:4px;white-space:pre"> </div></div><div id="a41250" style="position:absolute;font-family:'Arial';left:5px;top:102px;">Refer to Note 19 “Stock-Based Compensation” for<div style="display:inline-block;width:2px;white-space:pre"> </div>options to purchase common stock issued<div style="display:inline-block;width:2px;white-space:pre"> </div>and outstanding as </div><div id="a41253" style="position:absolute;font-family:'Arial';left:5px;top:117px;">of December 31, 2025 and 2024. </div></div></div><div id="TextBlockContainer2363" style="position:relative;line-height:normal;width:676px;height:829px;"><div id="TextContainer2363" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a41268" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:0px;">Preferred Stock </div><div id="a41270" style="position:absolute;font-family:'Arial';left:5px;top:27px;">Coronado Group LLC<div style="display:inline-block;width:5px;white-space:pre"> </div>holds </div><div id="a41270_25_3" style="position:absolute;font-family:'Arial';left:174px;top:27px;">one</div><div id="a41270_28_79" style="position:absolute;font-family:'Arial';left:196px;top:27px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>share of Series<div style="display:inline-block;width:5px;white-space:pre"> </div>A Preferred Stock.<div style="display:inline-block;width:5px;white-space:pre"> </div>The holder of<div style="display:inline-block;width:5px;white-space:pre"> </div>the Series A<div style="display:inline-block;width:5px;white-space:pre"> </div>Preferred Stock </div><div id="a41278" style="position:absolute;font-family:'Arial';left:5px;top:43px;">is permitted<div style="display:inline-block;width:5px;white-space:pre"> </div>to nominate<div style="display:inline-block;width:5px;white-space:pre"> </div>and elect<div style="display:inline-block;width:5px;white-space:pre"> </div>members of<div style="display:inline-block;width:5px;white-space:pre"> </div>the Company’s<div style="display:inline-block;width:6px;white-space:pre"> </div>Board of<div style="display:inline-block;width:5px;white-space:pre"> </div>Directors in<div style="display:inline-block;width:5px;white-space:pre"> </div>relation to<div style="display:inline-block;width:5px;white-space:pre"> </div>the level<div style="display:inline-block;width:5px;white-space:pre"> </div>of the </div><div id="a41280" style="position:absolute;font-family:'Arial';left:5px;top:58px;">holder’s<div style="display:inline-block;width:5px;white-space:pre"> </div>aggregate<div style="display:inline-block;width:6px;white-space:pre"> </div>beneficial<div style="display:inline-block;width:5px;white-space:pre"> </div>ownership<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>shares<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company’s<div style="display:inline-block;width:6px;white-space:pre"> </div>common<div style="display:inline-block;width:6px;white-space:pre"> </div>stock.<div style="display:inline-block;width:6px;white-space:pre"> </div>The<div style="display:inline-block;width:5px;white-space:pre"> </div>Series<div style="display:inline-block;width:6px;white-space:pre"> </div>A<div style="display:inline-block;width:5px;white-space:pre"> </div>Preferred </div><div id="a41281" style="position:absolute;font-family:'Arial';left:5px;top:73px;">Stock<div style="display:inline-block;width:7px;white-space:pre"> </div>is<div style="display:inline-block;width:7px;white-space:pre"> </div>not<div style="display:inline-block;width:7px;white-space:pre"> </div>entitled<div style="display:inline-block;width:7px;white-space:pre"> </div>to<div style="display:inline-block;width:7px;white-space:pre"> </div>dividends<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>is<div style="display:inline-block;width:7px;white-space:pre"> </div>non-transferable.<div style="display:inline-block;width:7px;white-space:pre"> </div>The<div style="display:inline-block;width:7px;white-space:pre"> </div>Series<div style="display:inline-block;width:7px;white-space:pre"> </div>A<div style="display:inline-block;width:7px;white-space:pre"> </div>Preferred<div style="display:inline-block;width:7px;white-space:pre"> </div>Stock<div style="display:inline-block;width:7px;white-space:pre"> </div>has<div style="display:inline-block;width:7px;white-space:pre"> </div>a<div style="display:inline-block;width:7px;white-space:pre"> </div>liquidation </div><div id="a41288" style="position:absolute;font-family:'Arial';left:5px;top:89px;">preference of $</div><div id="a41288_15_4" style="position:absolute;font-family:'Arial';left:95px;top:89px;">1.00</div><div id="a41288_19_2" style="position:absolute;font-family:'Arial';left:120px;top:89px;">. </div><div id="a41291" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:116px;">(b)</div><div id="a41292" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:22px;top:116px;"><div style="display:inline-block;width:7px;white-space:pre"> </div>Dividends </div><div id="a41295" style="position:absolute;font-family:'Arial';left:5px;top:149px;">The dividend<div style="display:inline-block;width:7px;white-space:pre"> </div>policy<div style="display:inline-block;width:5px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>payment<div style="display:inline-block;width:5px;white-space:pre"> </div>of future<div style="display:inline-block;width:6px;white-space:pre"> </div>cash<div style="display:inline-block;width:5px;white-space:pre"> </div>dividends<div style="display:inline-block;width:5px;white-space:pre"> </div>are subject<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>discretion<div style="display:inline-block;width:5px;white-space:pre"> </div>of the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company’s </div><div id="a41296" style="position:absolute;font-family:'Arial';left:5px;top:164px;">Board<div style="display:inline-block;width:7px;white-space:pre"> </div>of<div style="display:inline-block;width:7px;white-space:pre"> </div>Directors.<div style="display:inline-block;width:7px;white-space:pre"> </div>The<div style="display:inline-block;width:7px;white-space:pre"> </div>decision<div style="display:inline-block;width:7px;white-space:pre"> </div>as<div style="display:inline-block;width:7px;white-space:pre"> </div>to<div style="display:inline-block;width:7px;white-space:pre"> </div>whether<div style="display:inline-block;width:7px;white-space:pre"> </div>or<div style="display:inline-block;width:7px;white-space:pre"> </div>not<div style="display:inline-block;width:7px;white-space:pre"> </div>a<div style="display:inline-block;width:7px;white-space:pre"> </div>dividend<div style="display:inline-block;width:7px;white-space:pre"> </div>will<div style="display:inline-block;width:7px;white-space:pre"> </div>be<div style="display:inline-block;width:7px;white-space:pre"> </div>paid<div style="display:inline-block;width:7px;white-space:pre"> </div>is<div style="display:inline-block;width:7px;white-space:pre"> </div>subject<div style="display:inline-block;width:7px;white-space:pre"> </div>to<div style="display:inline-block;width:7px;white-space:pre"> </div>a<div style="display:inline-block;width:7px;white-space:pre"> </div>number<div style="display:inline-block;width:7px;white-space:pre"> </div>of </div><div id="a41299" style="position:absolute;font-family:'Arial';left:5px;top:179px;">considerations,<div style="display:inline-block;width:8px;white-space:pre"> </div>including<div style="display:inline-block;width:8px;white-space:pre"> </div>the<div style="display:inline-block;width:8px;white-space:pre"> </div>general<div style="display:inline-block;width:8px;white-space:pre"> </div>business<div style="display:inline-block;width:8px;white-space:pre"> </div>environment,<div style="display:inline-block;width:8px;white-space:pre"> </div>operating<div style="display:inline-block;width:8px;white-space:pre"> </div>results,<div style="display:inline-block;width:8px;white-space:pre"> </div>cash<div style="display:inline-block;width:8px;white-space:pre"> </div>flows,<div style="display:inline-block;width:8px;white-space:pre"> </div>future<div style="display:inline-block;width:8px;white-space:pre"> </div>capital </div><div id="a41303" style="position:absolute;font-family:'Arial';left:5px;top:195px;">requirements,<div style="display:inline-block;width:5px;white-space:pre"> </div>regulatory<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>contractual<div style="display:inline-block;width:5px;white-space:pre"> </div>restrictions,<div style="display:inline-block;width:6px;white-space:pre"> </div>applicable<div style="display:inline-block;width:5px;white-space:pre"> </div>covenants<div style="display:inline-block;width:6px;white-space:pre"> </div>under<div style="display:inline-block;width:5px;white-space:pre"> </div>debt<div style="display:inline-block;width:5px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>other<div style="display:inline-block;width:5px;white-space:pre"> </div>agreements </div><div id="a41304" style="position:absolute;font-family:'Arial';left:5px;top:210px;">and any other factors the Board of Directors may consider<div style="display:inline-block;width:5px;white-space:pre"> </div>relevant. </div><div id="a41309" style="position:absolute;font-family:'Arial';left:5px;top:241px;">During the year ended December 31, 2025, the Company<div style="display:inline-block;width:5px;white-space:pre"> </div>declared a: </div><div id="a41334" style="position:absolute;font-family:'Arial';left:29px;top:270px;">•<div style="display:inline-block;width:19px;white-space:pre"> </div>dividend of $</div><div id="a41334_15_3" style="position:absolute;font-family:'Arial';left:128px;top:270px;">8.4</div><div id="a41334_18_14" style="position:absolute;font-family:'Arial';left:147px;top:270px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million, or $</div><div id="a41334_32_5" style="position:absolute;font-family:'Arial';left:218px;top:270px;">0.005</div><div id="a41334_37_11" style="position:absolute;font-family:'Arial';left:252px;top:270px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>per CDI ($</div><div id="a41334_48_4" style="position:absolute;font-family:'Arial';left:317px;top:270px;">0.05</div><div id="a41334_52_52" style="position:absolute;font-family:'Arial';left:343px;top:270px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>per share of common stock), on February 19, 2025.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a41381" style="position:absolute;font-family:'Arial';left:5px;top:299px;">For the year<div style="display:inline-block;width:2px;white-space:pre"> </div>ended December 31, 2025,<div style="display:inline-block;width:2px;white-space:pre"> </div>the Company paid a<div style="display:inline-block;width:2px;white-space:pre"> </div>total of $</div><div id="a41381_67_3" style="position:absolute;font-family:'Arial';left:413px;top:299px;">8.3</div><div id="a41381_70_41" style="position:absolute;font-family:'Arial';left:431px;top:299px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>million to stockholders and<div style="display:inline-block;width:2px;white-space:pre"> </div>CDI holders </div><div id="a41424" style="position:absolute;font-family:'Arial';left:5px;top:314px;">on the<div style="display:inline-block;width:6px;white-space:pre"> </div>ASX, net<div style="display:inline-block;width:6px;white-space:pre"> </div>of $</div><div id="a41424_20_3" style="position:absolute;font-family:'Arial';left:128px;top:314px;">0.1</div><div id="a41424_23_87" style="position:absolute;font-family:'Arial';left:147px;top:314px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million of<div style="display:inline-block;width:6px;white-space:pre"> </div>foreign exchange<div style="display:inline-block;width:6px;white-space:pre"> </div>gain on<div style="display:inline-block;width:6px;white-space:pre"> </div>payment to<div style="display:inline-block;width:6px;white-space:pre"> </div>certain CDI<div style="display:inline-block;width:6px;white-space:pre"> </div>holders that<div style="display:inline-block;width:6px;white-space:pre"> </div>elected to<div style="display:inline-block;width:6px;white-space:pre"> </div>be </div><div id="a41468" style="position:absolute;font-family:'Arial';left:5px;top:329px;">paid in Australian dollars,<div style="display:inline-block;width:4px;white-space:pre"> </div>in relation to the above declared dividend.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a41492" style="position:absolute;font-family:'Arial';left:5px;top:361px;">During the year ended December 31, 2024, the Company<div style="display:inline-block;width:5px;white-space:pre"> </div>declared a: </div><div id="a41517" style="position:absolute;font-family:'Arial';left:29px;top:389px;">•<div style="display:inline-block;width:19px;white-space:pre"> </div>dividend of<div style="display:inline-block;width:5px;white-space:pre"> </div>$</div><div id="a41517_15_3" style="position:absolute;font-family:'Arial';left:129px;top:389px;">8.4</div><div id="a41517_18_14" style="position:absolute;font-family:'Arial';left:148px;top:389px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million, or<div style="display:inline-block;width:6px;white-space:pre"> </div>$</div><div id="a41517_32_5" style="position:absolute;font-family:'Arial';left:221px;top:389px;">0.005</div><div id="a41517_37_11" style="position:absolute;font-family:'Arial';left:255px;top:389px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>per CDI<div style="display:inline-block;width:5px;white-space:pre"> </div>($</div><div id="a41517_48_4" style="position:absolute;font-family:'Arial';left:322px;top:389px;">0.05</div><div id="a41517_52_51" style="position:absolute;font-family:'Arial';left:348px;top:389px;"><div style="display:inline-block;width:5px;white-space:pre"> </div>per share<div style="display:inline-block;width:5px;white-space:pre"> </div>of common<div style="display:inline-block;width:5px;white-space:pre"> </div>stock), on<div style="display:inline-block;width:6px;white-space:pre"> </div>February 19,<div style="display:inline-block;width:5px;white-space:pre"> </div>2024; </div><div id="a41564" style="position:absolute;font-family:'Arial';left:52px;top:405px;">and </div><div id="a41566" style="position:absolute;font-family:'Arial';left:29px;top:433px;">•<div style="display:inline-block;width:19px;white-space:pre"> </div>dividend of $</div><div id="a41566_15_3" style="position:absolute;font-family:'Arial';left:128px;top:433px;">8.4</div><div id="a41566_18_14" style="position:absolute;font-family:'Arial';left:147px;top:433px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million, or $</div><div id="a41566_32_5" style="position:absolute;font-family:'Arial';left:218px;top:433px;">0.005</div><div id="a41566_37_11" style="position:absolute;font-family:'Arial';left:252px;top:433px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>per CDI ($</div><div id="a41566_48_4" style="position:absolute;font-family:'Arial';left:317px;top:433px;">0.05</div><div id="a41566_52_49" style="position:absolute;font-family:'Arial';left:343px;top:433px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>per share of common stock), on August 5, 2024.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a41611" style="position:absolute;font-family:'Arial';left:5px;top:462px;">For<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>year<div style="display:inline-block;width:6px;white-space:pre"> </div>ended<div style="display:inline-block;width:5px;white-space:pre"> </div>December<div style="display:inline-block;width:6px;white-space:pre"> </div>31,<div style="display:inline-block;width:6px;white-space:pre"> </div>2024,<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company<div style="display:inline-block;width:6px;white-space:pre"> </div>paid<div style="display:inline-block;width:5px;white-space:pre"> </div>a<div style="display:inline-block;width:5px;white-space:pre"> </div>total<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>$</div><div id="a41611_67_4" style="position:absolute;font-family:'Arial';left:441px;top:462px;">16.7</div><div id="a41611_71_33" style="position:absolute;font-family:'Arial';left:467px;top:462px;"><div style="display:inline-block;width:5px;white-space:pre"> </div>million<div style="display:inline-block;width:5px;white-space:pre"> </div>to<div style="display:inline-block;width:5px;white-space:pre"> </div>stockholders<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>CDI </div><div id="a41652" style="position:absolute;font-family:'Arial';left:5px;top:477px;">holders on the ASX, net of<div style="display:inline-block;width:5px;white-space:pre"> </div>$</div><div id="a41652_28_3" style="position:absolute;font-family:'Arial';left:172px;top:477px;">0.1</div><div id="a41652_31_81" style="position:absolute;font-family:'Arial';left:191px;top:477px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million of foreign exchange gain<div style="display:inline-block;width:5px;white-space:pre"> </div>on payment to certain CDI holders<div style="display:inline-block;width:5px;white-space:pre"> </div>that elected </div><div id="a41694" style="position:absolute;font-family:'Arial';left:5px;top:493px;">to be paid in Australian dollars,<div style="display:inline-block;width:4px;white-space:pre"> </div>in relation to the above declared dividends.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a41722" style="position:absolute;font-family:'Arial';left:5px;top:524px;">During the year ended December 31, 2023, the Company<div style="display:inline-block;width:5px;white-space:pre"> </div>declared a: </div><div id="a41747" style="position:absolute;font-family:'Arial';left:29px;top:553px;">•<div style="display:inline-block;width:19px;white-space:pre"> </div>dividend of<div style="display:inline-block;width:5px;white-space:pre"> </div>$</div><div id="a41747_15_3" style="position:absolute;font-family:'Arial';left:129px;top:553px;">8.4</div><div id="a41747_18_14" style="position:absolute;font-family:'Arial';left:148px;top:553px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million, or<div style="display:inline-block;width:6px;white-space:pre"> </div>$</div><div id="a41747_32_5" style="position:absolute;font-family:'Arial';left:221px;top:553px;">0.005</div><div id="a41747_37_11" style="position:absolute;font-family:'Arial';left:255px;top:553px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>per CDI<div style="display:inline-block;width:5px;white-space:pre"> </div>($</div><div id="a41747_48_4" style="position:absolute;font-family:'Arial';left:322px;top:553px;">0.05</div><div id="a41747_52_51" style="position:absolute;font-family:'Arial';left:348px;top:553px;"><div style="display:inline-block;width:5px;white-space:pre"> </div>per share<div style="display:inline-block;width:5px;white-space:pre"> </div>of common<div style="display:inline-block;width:5px;white-space:pre"> </div>stock), on<div style="display:inline-block;width:6px;white-space:pre"> </div>February 21,<div style="display:inline-block;width:5px;white-space:pre"> </div>2023; </div><div id="a41796" style="position:absolute;font-family:'Arial';left:52px;top:568px;">and </div><div id="a41798" style="position:absolute;font-family:'Arial';left:29px;top:597px;">•<div style="display:inline-block;width:19px;white-space:pre"> </div>dividend of $</div><div id="a41798_15_3" style="position:absolute;font-family:'Arial';left:128px;top:597px;">8.4</div><div id="a41798_18_14" style="position:absolute;font-family:'Arial';left:147px;top:597px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million, or $</div><div id="a41798_32_5" style="position:absolute;font-family:'Arial';left:218px;top:597px;">0.005</div><div id="a41798_37_11" style="position:absolute;font-family:'Arial';left:252px;top:597px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>per CDI ($</div><div id="a41798_48_4" style="position:absolute;font-family:'Arial';left:317px;top:597px;">0.05</div><div id="a41798_52_49" style="position:absolute;font-family:'Arial';left:343px;top:597px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>per share of common stock), on August 7, 2023.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a41844" style="position:absolute;font-family:'Arial';left:5px;top:625px;">For<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>year<div style="display:inline-block;width:6px;white-space:pre"> </div>ended<div style="display:inline-block;width:5px;white-space:pre"> </div>December<div style="display:inline-block;width:6px;white-space:pre"> </div>31,<div style="display:inline-block;width:6px;white-space:pre"> </div>2023,<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company<div style="display:inline-block;width:6px;white-space:pre"> </div>paid<div style="display:inline-block;width:5px;white-space:pre"> </div>a<div style="display:inline-block;width:5px;white-space:pre"> </div>total<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>$</div><div id="a41844_67_4" style="position:absolute;font-family:'Arial';left:441px;top:625px;">16.7</div><div id="a41844_71_33" style="position:absolute;font-family:'Arial';left:467px;top:625px;"><div style="display:inline-block;width:5px;white-space:pre"> </div>million<div style="display:inline-block;width:5px;white-space:pre"> </div>to<div style="display:inline-block;width:5px;white-space:pre"> </div>stockholders<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>CDI </div><div id="a41885" style="position:absolute;font-family:'Arial';left:5px;top:641px;">holders on the ASX, net of<div style="display:inline-block;width:5px;white-space:pre"> </div>$</div><div id="a41885_28_3" style="position:absolute;font-family:'Arial';left:172px;top:641px;">0.1</div><div id="a41885_31_81" style="position:absolute;font-family:'Arial';left:191px;top:641px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million of foreign exchange gain<div style="display:inline-block;width:5px;white-space:pre"> </div>on payment to certain CDI holders<div style="display:inline-block;width:5px;white-space:pre"> </div>that elected </div><div id="a41927" style="position:absolute;font-family:'Arial';left:5px;top:656px;">to be paid in Australian dollars,<div style="display:inline-block;width:4px;white-space:pre"> </div>in relation to the above declared dividends.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a41955" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:687px;">(c)</div><div id="a41956" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:21px;top:687px;"><div style="display:inline-block;width:8px;white-space:pre"> </div>(Loss) Earnings per Share </div><div id="a41960" style="position:absolute;font-family:'Arial';left:5px;top:720px;">Basic earnings per<div style="display:inline-block;width:5px;white-space:pre"> </div>share of common<div style="display:inline-block;width:6px;white-space:pre"> </div>stock is computed<div style="display:inline-block;width:6px;white-space:pre"> </div>by dividing net<div style="display:inline-block;width:5px;white-space:pre"> </div>income attributable<div style="display:inline-block;width:5px;white-space:pre"> </div>to the Company<div style="display:inline-block;width:5px;white-space:pre"> </div>for </div><div id="a41961" style="position:absolute;font-family:'Arial';left:5px;top:735px;">the period,<div style="display:inline-block;width:6px;white-space:pre"> </div>by the<div style="display:inline-block;width:6px;white-space:pre"> </div>weighted-average<div style="display:inline-block;width:5px;white-space:pre"> </div>number of<div style="display:inline-block;width:6px;white-space:pre"> </div>shares<div style="display:inline-block;width:5px;white-space:pre"> </div>of common<div style="display:inline-block;width:6px;white-space:pre"> </div>stock outstanding<div style="display:inline-block;width:6px;white-space:pre"> </div>during the<div style="display:inline-block;width:6px;white-space:pre"> </div>same period. </div><div id="a41964" style="position:absolute;font-family:'Arial';left:5px;top:751px;">Diluted earnings per share of common stock is computed by dividing net income attributable to the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company for </div><div id="a41967" style="position:absolute;font-family:'Arial';left:5px;top:766px;">the period by the weighted-average<div style="display:inline-block;width:5px;white-space:pre"> </div>number of shares of common<div style="display:inline-block;width:5px;white-space:pre"> </div>stock outstanding during the<div style="display:inline-block;width:5px;white-space:pre"> </div>same period, as </div><div id="a41972" style="position:absolute;font-family:'Arial';left:5px;top:781px;">adjusted to<div style="display:inline-block;width:5px;white-space:pre"> </div>give effect<div style="display:inline-block;width:5px;white-space:pre"> </div>to potentially<div style="display:inline-block;width:5px;white-space:pre"> </div>dilutive securities.<div style="display:inline-block;width:5px;white-space:pre"> </div>During periods<div style="display:inline-block;width:5px;white-space:pre"> </div>in which<div style="display:inline-block;width:5px;white-space:pre"> </div>the Company<div style="display:inline-block;width:5px;white-space:pre"> </div>incurs a<div style="display:inline-block;width:5px;white-space:pre"> </div>net loss, </div><div id="a41973" style="position:absolute;font-family:'Arial';left:5px;top:796px;">diluted weighted average<div style="display:inline-block;width:5px;white-space:pre"> </div>shares outstanding are<div style="display:inline-block;width:5px;white-space:pre"> </div>equal to basic<div style="display:inline-block;width:5px;white-space:pre"> </div>weighted average shares<div style="display:inline-block;width:5px;white-space:pre"> </div>outstanding because </div><div id="a41974" style="position:absolute;font-family:'Arial';left:5px;top:812px;">the effect of all equity awards is anti-dilutive. </div></div></div><div id="TextBlockContainer2366" style="position:relative;line-height:normal;width:618px;height:17px;"><div id="TextContainer2366" style="position:relative;width:618px;z-index:1;font-size:13.28px;"><div id="a41993" style="position:absolute;font-family:'Arial';left:5px;top:0px;">Basic and diluted earnings per share were calculated as<div style="display:inline-block;width:5px;white-space:pre"> </div>follows (in thousands, except per share data):</div></div></div><div id="TextBlockContainer2372" style="position:relative;line-height:normal;width:667px;height:222px;"><div id="div_2369_XBRL_TS_5b905190921c418eb44d3c464486eccf" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2370" style="position:relative;line-height:normal;width:667px;height:222px;"><div style="position:absolute; width:82.1px; height:1px; left:404.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:486.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:486.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:492.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:81.5px; height:1px; left:492.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:574.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:574.9px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:580.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:81.4px; height:1px; left:580.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:394.2px; height:1px; left:4px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:404.1px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:416.1px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:416.7px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:404.1px; top:63.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:404.1px; top:65.4px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:416.1px; top:63.5px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:416.1px; top:65.4px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:419px; top:63.5px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:419px; top:65.4px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:63.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:65.4px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:504.1px; top:63.5px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:504.1px; top:65.4px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:507px; top:63.5px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:507px; top:65.4px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:63.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:65.4px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:592.1px; top:63.5px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:592.1px; top:65.4px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:595px; top:63.5px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:595px; top:65.4px; background-color:#000000; "> </div> <div id="TextContainer2370" style="position:relative;width:667px;z-index:1;font-size:13.28px;"><div id="a42000" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:468px;top:0px;">Year Ended December 31, </div><div id="a42002" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:7px;top:16px;">(US$ thousands, except per share data) </div><div id="a42005" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:433px;top:16px;">2025 </div><div id="a42008" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:521px;top:16px;">2024 </div><div id="a42011" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:609px;top:16px;">2023 </div><div id="a42013" style="position:absolute;font-family:'Arial';left:7px;top:30px;">Numerator: </div><div id="a42024" style="position:absolute;font-family:'Arial';left:7px;top:48px;">Net (loss) income attributable to Company stockholders </div><div id="a42027" style="position:absolute;font-family:'Arial';left:407px;top:48px;">$ </div><div id="a42029" style="position:absolute;font-family:'Arial';left:426px;top:48px;display:flex;">(432,056)</div><div id="a42032" style="position:absolute;font-family:'Arial';left:495px;top:48px;">$ </div><div id="a42034" style="position:absolute;font-family:'Arial';left:514px;top:48px;display:flex;">(108,881)</div><div id="a42037" style="position:absolute;font-family:'Arial';left:583px;top:48px;">$ </div><div id="a42039" style="position:absolute;font-family:'Arial';left:607px;top:48px;">156,065</div><div id="a42051" style="position:absolute;font-family:'Arial';left:7px;top:86px;">Denominator (in thousands): </div><div id="a42062" style="position:absolute;font-family:'Arial';left:7px;top:103px;">Weighted-average shares of common stock outstanding </div><div id="a42068" style="position:absolute;font-family:'Arial';left:431px;top:103px;">167,645</div><div id="a42072" style="position:absolute;font-family:'Arial';left:519px;top:103px;">167,645</div><div id="a42076" style="position:absolute;font-family:'Arial';left:607px;top:103px;">167,645</div><div id="a42078" style="position:absolute;font-family:'Arial';left:7px;top:120px;">Effects of dilutive shares </div><div id="a42082" style="position:absolute;font-family:'Arial';left:466px;top:120px;">—</div><div id="a42086" style="position:absolute;font-family:'Arial';left:554px;top:120px;">—</div><div id="a42090" style="position:absolute;font-family:'Arial';left:633px;top:120px;">421</div><div id="a42092" style="position:absolute;font-family:'Arial';left:7px;top:137px;">Weighted average diluted shares of common stock<div style="display:inline-block;width:5px;white-space:pre"> </div>outstanding </div><div id="a42096" style="position:absolute;font-family:'Arial';left:431px;top:137px;">167,645</div><div id="a42100" style="position:absolute;font-family:'Arial';left:519px;top:137px;">168,066</div><div id="a42104" style="position:absolute;font-family:'Arial';left:607px;top:137px;">167,846</div><div id="a42116" style="position:absolute;font-family:'Arial';left:7px;top:171px;">(Loss) earnings per share (US$): </div><div id="a42127" style="position:absolute;font-family:'Arial';left:7px;top:188px;">Basic </div><div id="a42131" style="position:absolute;font-family:'Arial';left:449px;top:188px;display:flex;">(2.58)</div><div id="a42135" style="position:absolute;font-family:'Arial';left:537px;top:188px;display:flex;">(0.65)</div><div id="a42139" style="position:absolute;font-family:'Arial';left:630px;top:188px;">0.93</div><div id="a42141" style="position:absolute;font-family:'Arial';left:7px;top:205px;">Dilutive </div><div id="a42145" style="position:absolute;font-family:'Arial';left:449px;top:205px;display:flex;">(2.58)</div><div id="a42149" style="position:absolute;font-family:'Arial';left:537px;top:205px;display:flex;">(0.65)</div><div id="a42153" style="position:absolute;font-family:'Arial';left:630px;top:205px;">0.93</div></div></div></div></div> 1100000000 0.01 1000000000 100000000 167645373 167645373 167645373 1 10 831392331 83139233 845061399 84506140 0.504 1676453730 167645373 1 1.00 8400000 0.005 0.05 8300000 100000 8400000 0.005 0.05 8400000 0.005 0.05 16700000 100000 8400000 0.005 0.05 8400000 0.005 0.05 16700000 100000 <div id="TextBlockContainer2370" style="position:relative;line-height:normal;width:667px;height:222px;"><div style="position:absolute; width:82.1px; height:1px; left:404.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:486.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:486.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:492.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:81.5px; height:1px; left:492.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:574.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:574.9px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:580.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:81.4px; height:1px; left:580.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:394.2px; height:1px; left:4px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:404.1px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:416.1px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:416.7px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:404.1px; top:63.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:404.1px; top:65.4px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:416.1px; top:63.5px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:416.1px; top:65.4px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:419px; top:63.5px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:419px; top:65.4px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:63.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:65.4px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:504.1px; top:63.5px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:504.1px; top:65.4px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:507px; top:63.5px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:507px; top:65.4px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:63.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:65.4px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:592.1px; top:63.5px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:592.1px; top:65.4px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:595px; top:63.5px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:595px; top:65.4px; background-color:#000000; "> </div> <div id="TextContainer2370" style="position:relative;width:667px;z-index:1;font-size:13.28px;"><div id="a42000" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:468px;top:0px;">Year Ended December 31, </div><div id="a42002" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:7px;top:16px;">(US$ thousands, except per share data) </div><div id="a42005" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:433px;top:16px;">2025 </div><div id="a42008" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:521px;top:16px;">2024 </div><div id="a42011" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:609px;top:16px;">2023 </div><div id="a42013" style="position:absolute;font-family:'Arial';left:7px;top:30px;">Numerator: </div><div id="a42024" style="position:absolute;font-family:'Arial';left:7px;top:48px;">Net (loss) income attributable to Company stockholders </div><div id="a42027" style="position:absolute;font-family:'Arial';left:407px;top:48px;">$ </div><div id="a42029" style="position:absolute;font-family:'Arial';left:426px;top:48px;display:flex;">(432,056)</div><div id="a42032" style="position:absolute;font-family:'Arial';left:495px;top:48px;">$ </div><div id="a42034" style="position:absolute;font-family:'Arial';left:514px;top:48px;display:flex;">(108,881)</div><div id="a42037" style="position:absolute;font-family:'Arial';left:583px;top:48px;">$ </div><div id="a42039" style="position:absolute;font-family:'Arial';left:607px;top:48px;">156,065</div><div id="a42051" style="position:absolute;font-family:'Arial';left:7px;top:86px;">Denominator (in thousands): </div><div id="a42062" style="position:absolute;font-family:'Arial';left:7px;top:103px;">Weighted-average shares of common stock outstanding </div><div id="a42068" style="position:absolute;font-family:'Arial';left:431px;top:103px;">167,645</div><div id="a42072" style="position:absolute;font-family:'Arial';left:519px;top:103px;">167,645</div><div id="a42076" style="position:absolute;font-family:'Arial';left:607px;top:103px;">167,645</div><div id="a42078" style="position:absolute;font-family:'Arial';left:7px;top:120px;">Effects of dilutive shares </div><div id="a42082" style="position:absolute;font-family:'Arial';left:466px;top:120px;">—</div><div id="a42086" style="position:absolute;font-family:'Arial';left:554px;top:120px;">—</div><div id="a42090" style="position:absolute;font-family:'Arial';left:633px;top:120px;">421</div><div id="a42092" style="position:absolute;font-family:'Arial';left:7px;top:137px;">Weighted average diluted shares of common stock<div style="display:inline-block;width:5px;white-space:pre"> </div>outstanding </div><div id="a42096" style="position:absolute;font-family:'Arial';left:431px;top:137px;">167,645</div><div id="a42100" style="position:absolute;font-family:'Arial';left:519px;top:137px;">168,066</div><div id="a42104" style="position:absolute;font-family:'Arial';left:607px;top:137px;">167,846</div><div id="a42116" style="position:absolute;font-family:'Arial';left:7px;top:171px;">(Loss) earnings per share (US$): </div><div id="a42127" style="position:absolute;font-family:'Arial';left:7px;top:188px;">Basic </div><div id="a42131" style="position:absolute;font-family:'Arial';left:449px;top:188px;display:flex;">(2.58)</div><div id="a42135" style="position:absolute;font-family:'Arial';left:537px;top:188px;display:flex;">(0.65)</div><div id="a42139" style="position:absolute;font-family:'Arial';left:630px;top:188px;">0.93</div><div id="a42141" style="position:absolute;font-family:'Arial';left:7px;top:205px;">Dilutive </div><div id="a42145" style="position:absolute;font-family:'Arial';left:449px;top:205px;display:flex;">(2.58)</div><div id="a42149" style="position:absolute;font-family:'Arial';left:537px;top:205px;display:flex;">(0.65)</div><div id="a42153" style="position:absolute;font-family:'Arial';left:630px;top:205px;">0.93</div></div></div> -432056000 -108881000 156065000 167645000 167645000 167645000 0 0 421000 167645000 168066000 167846000 -2.58 -0.65 0.93 -2.58 -0.65 0.93 <div id="TextBlockContainer2375" style="position:relative;line-height:normal;width:676px;height:61px;"><div id="TextContainer2375" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a42156" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">6. Trade Receivables, net </div><div id="a42159" style="position:absolute;font-family:'Arial';left:5px;top:29px;">The Company<div style="display:inline-block;width:6px;white-space:pre"> </div>extends trade<div style="display:inline-block;width:6px;white-space:pre"> </div>credit to<div style="display:inline-block;width:6px;white-space:pre"> </div>its customers<div style="display:inline-block;width:6px;white-space:pre"> </div>in the<div style="display:inline-block;width:6px;white-space:pre"> </div>ordinary course<div style="display:inline-block;width:6px;white-space:pre"> </div>of business.<div style="display:inline-block;width:6px;white-space:pre"> </div>Trade<div style="display:inline-block;width:5px;white-space:pre"> </div>receivables are </div><div id="a42160" style="position:absolute;font-family:'Arial';left:5px;top:44px;">recorded initially at fair value and subsequently at amortized<div style="display:inline-block;width:5px;white-space:pre"> </div>cost, less any ECL.</div></div></div><div id="TextBlockContainer2379" style="position:relative;line-height:normal;width:668px;height:88px;"><div style="position:absolute; width:82.1px; height:1px; left:489.1px; top:14.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:571.2px; top:14.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:571.9px; top:14.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:577.1px; top:14.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:81.4px; height:1px; left:577.8px; top:14.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:482.2px; height:1px; left:1px; top:32.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:32.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:32.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:32.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:32.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:32.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:32.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:67.9px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:67.9px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:67.9px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:67.9px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:67.9px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:67.9px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:488.1px; top:86.8px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:500.1px; top:86.8px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:503px; top:86.8px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:576.2px; top:86.8px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:588.2px; top:86.8px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:591.1px; top:86.8px; background-color:#000000; "> </div> <div id="TextContainer2379" style="position:relative;width:668px;z-index:1;font-size:13.28px;"><div id="a42167" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:540px;top:0px;">December 31, </div><div id="a42169" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:20px;">(US$ thousands) </div><div id="a42172" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:519px;top:20px;">2025 </div><div id="a42175" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:607px;top:20px;">2024 </div><div id="a42177" style="position:absolute;font-family:'Arial';left:4px;top:36px;">Trade receivables </div><div id="a42180" style="position:absolute;font-family:'Arial';left:492px;top:36px;">$ </div><div id="a42182" style="position:absolute;font-family:'Arial';left:517px;top:36px;">254,958</div><div id="a42185" style="position:absolute;font-family:'Arial';left:580px;top:36px;">$ </div><div id="a42187" style="position:absolute;font-family:'Arial';left:605px;top:36px;">209,289</div><div id="a42189" style="position:absolute;font-family:'Arial';left:4px;top:53px;">Provision for discounting and credit losses (Note 7) </div><div id="a42193" style="position:absolute;font-family:'Arial';left:527px;top:53px;display:flex;">(4,037)</div><div id="a42197" style="position:absolute;font-family:'Arial';left:626px;top:53px;display:flex;">(179)</div><div id="a42199" style="position:absolute;font-family:'Arial';left:4px;top:72px;">Trade receivables, net </div><div id="a42202" style="position:absolute;font-family:'Arial';left:492px;top:72px;">$ </div><div id="a42204" style="position:absolute;font-family:'Arial';left:517px;top:72px;">250,921</div><div id="a42207" style="position:absolute;font-family:'Arial';left:580px;top:72px;">$ </div><div id="a42209" style="position:absolute;font-family:'Arial';left:605px;top:72px;">209,110</div></div></div> <div id="TextBlockContainer2381" style="position:relative;line-height:normal;width:668px;height:88px;"><div id="div_2378_XBRL_TS_c194a7faafcc43b888c9ec670f99fccf" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2379" style="position:relative;line-height:normal;width:668px;height:88px;"><div style="position:absolute; width:82.1px; height:1px; left:489.1px; top:14.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:571.2px; top:14.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:571.9px; top:14.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:577.1px; top:14.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:81.4px; height:1px; left:577.8px; top:14.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:482.2px; height:1px; left:1px; top:32.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:32.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:32.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:32.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:32.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:32.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:32.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:67.9px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:67.9px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:67.9px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:67.9px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:67.9px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:67.9px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:488.1px; top:86.8px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:500.1px; top:86.8px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:503px; top:86.8px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:576.2px; top:86.8px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:588.2px; top:86.8px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:591.1px; top:86.8px; background-color:#000000; "> </div> <div id="TextContainer2379" style="position:relative;width:668px;z-index:1;font-size:13.28px;"><div id="a42167" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:540px;top:0px;">December 31, </div><div id="a42169" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:20px;">(US$ thousands) </div><div id="a42172" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:519px;top:20px;">2025 </div><div id="a42175" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:607px;top:20px;">2024 </div><div id="a42177" style="position:absolute;font-family:'Arial';left:4px;top:36px;">Trade receivables </div><div id="a42180" style="position:absolute;font-family:'Arial';left:492px;top:36px;">$ </div><div id="a42182" style="position:absolute;font-family:'Arial';left:517px;top:36px;">254,958</div><div id="a42185" style="position:absolute;font-family:'Arial';left:580px;top:36px;">$ </div><div id="a42187" style="position:absolute;font-family:'Arial';left:605px;top:36px;">209,289</div><div id="a42189" style="position:absolute;font-family:'Arial';left:4px;top:53px;">Provision for discounting and credit losses (Note 7) </div><div id="a42193" style="position:absolute;font-family:'Arial';left:527px;top:53px;display:flex;">(4,037)</div><div id="a42197" style="position:absolute;font-family:'Arial';left:626px;top:53px;display:flex;">(179)</div><div id="a42199" style="position:absolute;font-family:'Arial';left:4px;top:72px;">Trade receivables, net </div><div id="a42202" style="position:absolute;font-family:'Arial';left:492px;top:72px;">$ </div><div id="a42204" style="position:absolute;font-family:'Arial';left:517px;top:72px;">250,921</div><div id="a42207" style="position:absolute;font-family:'Arial';left:580px;top:72px;">$ </div><div id="a42209" style="position:absolute;font-family:'Arial';left:605px;top:72px;">209,110</div></div></div></div></div> 254958000 209289000 4037000 179000 250921000 209110000 <div id="TextBlockContainer2384" style="position:relative;line-height:normal;width:676px;height:61px;"><div id="TextContainer2384" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a42212" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">7. Provision for Discounting and Credit Losses </div><div id="a42214" style="position:absolute;font-family:'Arial';left:5px;top:29px;">The following<div style="display:inline-block;width:7px;white-space:pre"> </div>table<div style="display:inline-block;width:5px;white-space:pre"> </div>provides<div style="display:inline-block;width:5px;white-space:pre"> </div>a reconciliation<div style="display:inline-block;width:7px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>allowance<div style="display:inline-block;width:5px;white-space:pre"> </div>for<div style="display:inline-block;width:5px;white-space:pre"> </div>credit<div style="display:inline-block;width:5px;white-space:pre"> </div>losses<div style="display:inline-block;width:5px;white-space:pre"> </div>that<div style="display:inline-block;width:5px;white-space:pre"> </div>is deducted<div style="display:inline-block;width:7px;white-space:pre"> </div>from<div style="display:inline-block;width:5px;white-space:pre"> </div>financial </div><div id="a42218" style="position:absolute;font-family:'Arial';left:5px;top:44px;">assets to present the net amount expected to be collected:</div></div></div><div id="TextBlockContainer2390" style="position:relative;line-height:normal;width:669px;height:114px;"><div id="div_2387_XBRL_TS_3d5281fe0aaa431089e0761a65583df9" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2388" style="position:relative;line-height:normal;width:669px;height:114px;"><div style="position:absolute; width:395.1px; height:1px; left:1px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:402.1px; top:24.3px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:414.1px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:414.7px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:490.1px; top:24.3px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:502.1px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:502.7px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:578.1px; top:24.3px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:590.1px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:590.7px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:402.1px; top:59px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:414.1px; top:59px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:414.7px; top:59px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:490.1px; top:59px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:502.1px; top:59px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:502.7px; top:59px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:578.1px; top:59px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:590.1px; top:59px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:590.7px; top:59px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:402.1px; top:93.7px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:414.1px; top:93.7px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:414.7px; top:93.7px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:490.1px; top:93.7px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:502.1px; top:93.7px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:502.7px; top:93.7px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:578.1px; top:93.7px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:590.1px; top:93.7px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:590.7px; top:93.7px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:401.1px; top:112.5px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:413.1px; top:112.5px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:416px; top:112.5px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:489.1px; top:112.5px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:501.1px; top:112.5px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:504px; top:112.5px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:577.1px; top:112.5px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:589.1px; top:112.5px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:592px; top:112.5px; background-color:#000000; "> </div> <div id="TextContainer2388" style="position:relative;width:669px;z-index:1;font-size:13.28px;"><div id="a42221" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:12px;">(US$ thousands) </div><div id="a42225" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:435px;top:0px;">Trade </div><div id="a42226" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:420px;top:12px;">receivables </div><div id="a42230" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:523px;top:0px;">Other </div><div id="a42231" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:520px;top:12px;">Assets </div><div id="a42235" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:613px;top:12px;">Total </div><div id="a42237" style="position:absolute;font-family:'Arial';left:4px;top:27px;">Allowance for credit losses as at January 1, 2023 </div><div id="a42240" style="position:absolute;font-family:'Arial';left:405px;top:27px;">$ </div><div id="a42242" style="position:absolute;font-family:'Arial';left:455px;top:27px;">267</div><div id="a42245" style="position:absolute;font-family:'Arial';left:493px;top:27px;">$ </div><div id="a42247" style="position:absolute;font-family:'Arial';left:543px;top:27px;">594</div><div id="a42250" style="position:absolute;font-family:'Arial';left:581px;top:27px;">$ </div><div id="a42252" style="position:absolute;font-family:'Arial';left:631px;top:27px;">861</div><div id="a42254" style="position:absolute;font-family:'Arial';left:4px;top:44px;">Change in estimates during the period </div><div id="a42258" style="position:absolute;font-family:'Arial';left:458px;top:44px;display:flex;">(88)</div><div id="a42262" style="position:absolute;font-family:'Arial';left:539px;top:44px;display:flex;">(119)</div><div id="a42266" style="position:absolute;font-family:'Arial';left:627px;top:44px;display:flex;">(207)</div><div id="a42268" style="position:absolute;font-family:'Arial';left:4px;top:61px;">Allowance for credit losses as of December 31, 2024 </div><div id="a42272" style="position:absolute;font-family:'Arial';left:455px;top:61px;">179</div><div id="a42276" style="position:absolute;font-family:'Arial';left:543px;top:61px;">475</div><div id="a42280" style="position:absolute;font-family:'Arial';left:631px;top:61px;">654</div><div id="a42282" style="position:absolute;font-family:'Arial';left:4px;top:79px;">Change in estimates during the period </div><div id="a42286" style="position:absolute;font-family:'Arial';left:444px;top:79px;">3,858</div><div id="a42290" style="position:absolute;font-family:'Arial';left:543px;top:79px;">900</div><div id="a42294" style="position:absolute;font-family:'Arial';left:620px;top:79px;">4,758</div><div id="a42296" style="position:absolute;font-family:'Arial';left:4px;top:97px;">Allowance for credit losses as of December 31, 2025 </div><div id="a42299" style="position:absolute;font-family:'Arial';left:405px;top:97px;">$ </div><div id="a42301" style="position:absolute;font-family:'Arial';left:444px;top:97px;">4,037</div><div id="a42304" style="position:absolute;font-family:'Arial';left:493px;top:97px;">$ </div><div id="a42306" style="position:absolute;font-family:'Arial';left:532px;top:97px;">1,375</div><div id="a42309" style="position:absolute;font-family:'Arial';left:581px;top:97px;">$ </div><div id="a42311" style="position:absolute;font-family:'Arial';left:620px;top:97px;">5,412</div></div></div></div></div> <div id="TextBlockContainer2388" style="position:relative;line-height:normal;width:669px;height:114px;"><div style="position:absolute; width:395.1px; height:1px; left:1px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:402.1px; top:24.3px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:414.1px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:414.7px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:490.1px; top:24.3px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:502.1px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:502.7px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:578.1px; top:24.3px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:590.1px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:590.7px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:402.1px; top:59px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:414.1px; top:59px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:414.7px; top:59px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:490.1px; top:59px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:502.1px; top:59px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:502.7px; top:59px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:578.1px; top:59px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:590.1px; top:59px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:590.7px; top:59px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:402.1px; top:93.7px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:414.1px; top:93.7px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:414.7px; top:93.7px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:490.1px; top:93.7px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:502.1px; top:93.7px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:502.7px; top:93.7px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:578.1px; top:93.7px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:590.1px; top:93.7px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:590.7px; top:93.7px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:401.1px; top:112.5px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:413.1px; top:112.5px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:416px; top:112.5px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:489.1px; top:112.5px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:501.1px; top:112.5px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:504px; top:112.5px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:577.1px; top:112.5px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:589.1px; top:112.5px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:592px; top:112.5px; background-color:#000000; "> </div> <div id="TextContainer2388" style="position:relative;width:669px;z-index:1;font-size:13.28px;"><div id="a42221" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:12px;">(US$ thousands) </div><div id="a42225" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:435px;top:0px;">Trade </div><div id="a42226" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:420px;top:12px;">receivables </div><div id="a42230" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:523px;top:0px;">Other </div><div id="a42231" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:520px;top:12px;">Assets </div><div id="a42235" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:613px;top:12px;">Total </div><div id="a42237" style="position:absolute;font-family:'Arial';left:4px;top:27px;">Allowance for credit losses as at January 1, 2023 </div><div id="a42240" style="position:absolute;font-family:'Arial';left:405px;top:27px;">$ </div><div id="a42242" style="position:absolute;font-family:'Arial';left:455px;top:27px;">267</div><div id="a42245" style="position:absolute;font-family:'Arial';left:493px;top:27px;">$ </div><div id="a42247" style="position:absolute;font-family:'Arial';left:543px;top:27px;">594</div><div id="a42250" style="position:absolute;font-family:'Arial';left:581px;top:27px;">$ </div><div id="a42252" style="position:absolute;font-family:'Arial';left:631px;top:27px;">861</div><div id="a42254" style="position:absolute;font-family:'Arial';left:4px;top:44px;">Change in estimates during the period </div><div id="a42258" style="position:absolute;font-family:'Arial';left:458px;top:44px;display:flex;">(88)</div><div id="a42262" style="position:absolute;font-family:'Arial';left:539px;top:44px;display:flex;">(119)</div><div id="a42266" style="position:absolute;font-family:'Arial';left:627px;top:44px;display:flex;">(207)</div><div id="a42268" style="position:absolute;font-family:'Arial';left:4px;top:61px;">Allowance for credit losses as of December 31, 2024 </div><div id="a42272" style="position:absolute;font-family:'Arial';left:455px;top:61px;">179</div><div id="a42276" style="position:absolute;font-family:'Arial';left:543px;top:61px;">475</div><div id="a42280" style="position:absolute;font-family:'Arial';left:631px;top:61px;">654</div><div id="a42282" style="position:absolute;font-family:'Arial';left:4px;top:79px;">Change in estimates during the period </div><div id="a42286" style="position:absolute;font-family:'Arial';left:444px;top:79px;">3,858</div><div id="a42290" style="position:absolute;font-family:'Arial';left:543px;top:79px;">900</div><div id="a42294" style="position:absolute;font-family:'Arial';left:620px;top:79px;">4,758</div><div id="a42296" style="position:absolute;font-family:'Arial';left:4px;top:97px;">Allowance for credit losses as of December 31, 2025 </div><div id="a42299" style="position:absolute;font-family:'Arial';left:405px;top:97px;">$ </div><div id="a42301" style="position:absolute;font-family:'Arial';left:444px;top:97px;">4,037</div><div id="a42304" style="position:absolute;font-family:'Arial';left:493px;top:97px;">$ </div><div id="a42306" style="position:absolute;font-family:'Arial';left:532px;top:97px;">1,375</div><div id="a42309" style="position:absolute;font-family:'Arial';left:581px;top:97px;">$ </div><div id="a42311" style="position:absolute;font-family:'Arial';left:620px;top:97px;">5,412</div></div></div> 267000 594000 861000 -88000 -119000 -207000 179000 475000 654000 3858000 900000 4758000 4037000 1375000 5412000 <div id="TextBlockContainer2393" style="position:relative;line-height:normal;width:101px;height:17px;"><div id="TextContainer2393" style="position:relative;width:101px;z-index:1;font-size:13.28px;"><div id="a42314_1_14" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">8. Inventories</div></div></div><div id="TextBlockContainer2399" style="position:relative;line-height:normal;width:670px;height:122px;"><div id="div_2396_XBRL_TS_074b6729648d4d238e347172e6eb8c25" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2397" style="position:relative;line-height:normal;width:670px;height:122px;"><div style="position:absolute; width:82.1px; height:1px; left:492.1px; top:15.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:574.2px; top:15.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:574.9px; top:15.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:580.1px; top:15.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:81.4px; height:1px; left:580.8px; top:15.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:482.2px; height:1px; left:4px; top:30.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:30.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:30.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:30.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:30.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:30.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:30.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:66.1px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:66.1px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:66.1px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:66.1px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:66.1px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:66.1px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:101.3px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:101.3px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:101.3px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:101.3px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:101.3px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:101.3px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:491.1px; top:120.1px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:503.1px; top:120.1px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:506px; top:120.1px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:579.2px; top:120.1px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:591.2px; top:120.1px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:594.1px; top:120.1px; background-color:#000000; "> </div> <div id="TextContainer2397" style="position:relative;width:670px;z-index:1;font-size:13.28px;"><div id="a42319" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:542px;top:0px;">December 31, </div><div id="a42321" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:19px;">(US$ thousands) </div><div id="a42324" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:521px;top:19px;">2025 </div><div id="a42327" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:609px;top:19px;">2024 </div><div id="a42329" style="position:absolute;font-family:'Arial';left:4px;top:34px;">Raw coal </div><div id="a42332" style="position:absolute;font-family:'Arial';left:492px;top:34px;">$ </div><div id="a42334" style="position:absolute;font-family:'Arial';left:529px;top:34px;">35,006</div><div id="a42337" style="position:absolute;font-family:'Arial';left:580px;top:34px;">$ </div><div id="a42339" style="position:absolute;font-family:'Arial';left:617px;top:34px;">60,874</div><div id="a42341" style="position:absolute;font-family:'Arial';left:4px;top:51px;">Saleable coal </div><div id="a42345" style="position:absolute;font-family:'Arial';left:529px;top:51px;">80,174</div><div id="a42349" style="position:absolute;font-family:'Arial';left:617px;top:51px;">32,633</div><div id="a42351" style="position:absolute;font-family:'Arial';left:31px;top:69px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>coal inventories </div><div id="a42355" style="position:absolute;font-family:'Arial';left:522px;top:69px;">115,180</div><div id="a42359" style="position:absolute;font-family:'Arial';left:617px;top:69px;">93,507</div><div id="a42361" style="position:absolute;font-family:'Arial';left:4px;top:86px;">Supplies inventory </div><div id="a42365" style="position:absolute;font-family:'Arial';left:529px;top:86px;">79,985</div><div id="a42369" style="position:absolute;font-family:'Arial';left:617px;top:86px;">62,236</div><div id="a42371" style="position:absolute;font-family:'Arial';left:31px;top:105px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>inventories </div><div id="a42374" style="position:absolute;font-family:'Arial';left:492px;top:105px;">$ </div><div id="a42376" style="position:absolute;font-family:'Arial';left:522px;top:105px;">195,165</div><div id="a42379" style="position:absolute;font-family:'Arial';left:580px;top:105px;">$ </div><div id="a42381" style="position:absolute;font-family:'Arial';left:610px;top:105px;">155,743</div></div></div></div></div><div id="TextBlockContainer2402" style="position:relative;line-height:normal;width:658px;height:32px;"><div id="TextContainer2402" style="position:relative;width:658px;z-index:1;font-size:13.28px;"><div id="a42384" style="position:absolute;font-family:'Arial';left:5px;top:0px;">Coal inventories measured at their net realizable value were $</div><div id="a42384_62_4" style="position:absolute;font-family:'Arial';left:370px;top:0px;">41.2</div><div id="a42384_66_14" style="position:absolute;font-family:'Arial';left:396px;top:0px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million and $</div><div id="a42384_80_4" style="position:absolute;font-family:'Arial';left:475px;top:0px;">26.0</div><div id="a42384_84_25" style="position:absolute;font-family:'Arial';left:501px;top:0px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million at December 31, </div><div id="a42392" style="position:absolute;font-family:'Arial';left:5px;top:15px;">2025 and 2024, respectively.</div></div></div> <div id="TextBlockContainer2397" style="position:relative;line-height:normal;width:670px;height:122px;"><div style="position:absolute; width:82.1px; height:1px; left:492.1px; top:15.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:574.2px; top:15.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:574.9px; top:15.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:580.1px; top:15.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:81.4px; height:1px; left:580.8px; top:15.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:482.2px; height:1px; left:4px; top:30.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:30.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:30.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:30.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:30.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:30.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:30.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:66.1px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:66.1px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:66.1px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:66.1px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:66.1px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:66.1px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:101.3px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:101.3px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:101.3px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:101.3px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:101.3px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:101.3px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:491.1px; top:120.1px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:503.1px; top:120.1px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:506px; top:120.1px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:579.2px; top:120.1px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:591.2px; top:120.1px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:594.1px; top:120.1px; background-color:#000000; "> </div> <div id="TextContainer2397" style="position:relative;width:670px;z-index:1;font-size:13.28px;"><div id="a42319" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:542px;top:0px;">December 31, </div><div id="a42321" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:19px;">(US$ thousands) </div><div id="a42324" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:521px;top:19px;">2025 </div><div id="a42327" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:609px;top:19px;">2024 </div><div id="a42329" style="position:absolute;font-family:'Arial';left:4px;top:34px;">Raw coal </div><div id="a42332" style="position:absolute;font-family:'Arial';left:492px;top:34px;">$ </div><div id="a42334" style="position:absolute;font-family:'Arial';left:529px;top:34px;">35,006</div><div id="a42337" style="position:absolute;font-family:'Arial';left:580px;top:34px;">$ </div><div id="a42339" style="position:absolute;font-family:'Arial';left:617px;top:34px;">60,874</div><div id="a42341" style="position:absolute;font-family:'Arial';left:4px;top:51px;">Saleable coal </div><div id="a42345" style="position:absolute;font-family:'Arial';left:529px;top:51px;">80,174</div><div id="a42349" style="position:absolute;font-family:'Arial';left:617px;top:51px;">32,633</div><div id="a42351" style="position:absolute;font-family:'Arial';left:31px;top:69px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>coal inventories </div><div id="a42355" style="position:absolute;font-family:'Arial';left:522px;top:69px;">115,180</div><div id="a42359" style="position:absolute;font-family:'Arial';left:617px;top:69px;">93,507</div><div id="a42361" style="position:absolute;font-family:'Arial';left:4px;top:86px;">Supplies inventory </div><div id="a42365" style="position:absolute;font-family:'Arial';left:529px;top:86px;">79,985</div><div id="a42369" style="position:absolute;font-family:'Arial';left:617px;top:86px;">62,236</div><div id="a42371" style="position:absolute;font-family:'Arial';left:31px;top:105px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>inventories </div><div id="a42374" style="position:absolute;font-family:'Arial';left:492px;top:105px;">$ </div><div id="a42376" style="position:absolute;font-family:'Arial';left:522px;top:105px;">195,165</div><div id="a42379" style="position:absolute;font-family:'Arial';left:580px;top:105px;">$ </div><div id="a42381" style="position:absolute;font-family:'Arial';left:610px;top:105px;">155,743</div></div></div> 35006000 60874000 80174000 32633000 115180000 93507000 79985000 62236000 195165000 155743000 41200000 26000000.0 <div id="TextBlockContainer2405" style="position:relative;line-height:normal;width:118px;height:17px;"><div id="TextContainer2405" style="position:relative;width:118px;z-index:1;font-size:13.28px;"><div id="a42414_1_15" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">9.<div style="display:inline-block;width:9px;white-space:pre"> </div>Other Assets</div></div></div><div id="TextBlockContainer2409" style="position:relative;line-height:normal;width:667px;height:284px;"><div style="position:absolute; width:82.1px; height:1px; left:492.1px; top:14.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:574.2px; top:14.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:574.9px; top:14.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:580.1px; top:14.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:81.4px; height:1px; left:580.8px; top:14.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:482.2px; height:1px; left:4px; top:32.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:32.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:32.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:32.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:32.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:32.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:32.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:154.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:154.5px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:154.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:154.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:154.5px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:154.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:173.2px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:175.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:504.1px; top:173.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:504.1px; top:175.2px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:507px; top:173.2px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:507px; top:175.2px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:173.2px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:175.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:592.1px; top:173.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:592.1px; top:175.2px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:595px; top:173.2px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:595px; top:175.2px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:263.7px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:263.7px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:263.7px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:263.7px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:263.7px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:263.7px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:491.1px; top:282.4px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:503.1px; top:282.4px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:506px; top:282.4px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:579.2px; top:282.4px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:591.2px; top:282.4px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:594.1px; top:282.4px; background-color:#000000; "> </div> <div id="TextContainer2409" style="position:relative;width:667px;z-index:1;font-size:13.28px;"><div id="a42429" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:542px;top:0px;">December 31, </div><div id="a42431" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:7px;top:20px;">(US$ thousands) </div><div id="a42434" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:521px;top:20px;">2025 </div><div id="a42437" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:609px;top:20px;">2024 </div><div id="a42439" style="position:absolute;font-family:'Arial';left:7px;top:35px;">Other current assets: </div><div id="a42447" style="position:absolute;font-family:'Arial';left:7px;top:53px;"><div style="display:inline-block;width:15px;white-space:pre"> </div>Prepayments </div><div id="a42451" style="position:absolute;font-family:'Arial';left:495px;top:53px;">$ </div><div id="a42453" style="position:absolute;font-family:'Arial';left:527px;top:53px;">43,797</div><div id="a42456" style="position:absolute;font-family:'Arial';left:583px;top:53px;">$ </div><div id="a42458" style="position:absolute;font-family:'Arial';left:615px;top:53px;">40,465</div><div id="a42460" style="position:absolute;font-family:'Arial';left:7px;top:70px;"><div style="display:inline-block;width:15px;white-space:pre"> </div>Long service leave receivable </div><div id="a42465" style="position:absolute;font-family:'Arial';left:534px;top:70px;">7,560</div><div id="a42469" style="position:absolute;font-family:'Arial';left:622px;top:70px;">7,193</div><div id="a42471" style="position:absolute;font-family:'Arial';left:7px;top:87px;"><div style="display:inline-block;width:15px;white-space:pre"> </div>Tax<div style="display:inline-block;width:5px;white-space:pre"> </div>credits receivable </div><div id="a42476" style="position:absolute;font-family:'Arial';left:534px;top:87px;">3,834</div><div id="a42480" style="position:absolute;font-family:'Arial';left:622px;top:87px;">4,004</div><div id="a42482" style="position:absolute;font-family:'Arial';left:7px;top:105px;"><div style="display:inline-block;width:15px;white-space:pre"> </div>Deposits to acquire mining equipment </div><div id="a42487" style="position:absolute;font-family:'Arial';left:527px;top:105px;">10,781</div><div id="a42491" style="position:absolute;font-family:'Arial';left:615px;top:105px;">37,888</div><div id="a42493" style="position:absolute;font-family:'Arial';left:7px;top:122px;"><div style="display:inline-block;width:15px;white-space:pre"> </div>Derivative assets (refer to Note 21. Derivatives and<div style="display:inline-block;width:5px;white-space:pre"> </div>Fair Value Measurement) </div><div id="a42498" style="position:absolute;font-family:'Arial';left:534px;top:122px;">2,523</div><div id="a42502" style="position:absolute;font-family:'Arial';left:642px;top:122px;">—</div><div id="a42504" style="position:absolute;font-family:'Arial';left:16px;top:139px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>Other </div><div id="a42509" style="position:absolute;font-family:'Arial';left:527px;top:139px;">19,183</div><div id="a42513" style="position:absolute;font-family:'Arial';left:615px;top:139px;">20,725</div><div id="a42515" style="position:absolute;font-family:'Arial';left:7px;top:158px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>other current assets </div><div id="a42518" style="position:absolute;font-family:'Arial';left:495px;top:158px;">$ </div><div id="a42520" style="position:absolute;font-family:'Arial';left:527px;top:158px;">87,678</div><div id="a42523" style="position:absolute;font-family:'Arial';left:583px;top:158px;">$ </div><div id="a42525" style="position:absolute;font-family:'Arial';left:607px;top:158px;">110,275</div><div id="a42534" style="position:absolute;font-family:'Arial';left:7px;top:197px;">Other non-current assets: </div><div id="a42542" style="position:absolute;font-family:'Arial';left:7px;top:214px;"><div style="display:inline-block;width:15px;white-space:pre"> </div>Deferred debt issue costs<div style="display:inline-block;width:4px;white-space:pre"> </div></div><div id="a42546" style="position:absolute;font-family:'Arial';left:495px;top:214px;">$ </div><div id="a42548" style="position:absolute;font-family:'Arial';left:534px;top:214px;">2,833</div><div id="a42551" style="position:absolute;font-family:'Arial';left:583px;top:214px;">$ </div><div id="a42553" style="position:absolute;font-family:'Arial';left:622px;top:214px;">3,285</div><div id="a42555" style="position:absolute;font-family:'Arial';left:7px;top:231px;"><div style="display:inline-block;width:15px;white-space:pre"> </div>Long service leave receivable </div><div id="a42560" style="position:absolute;font-family:'Arial';left:545px;top:231px;">953</div><div id="a42564" style="position:absolute;font-family:'Arial';left:622px;top:231px;">1,527</div><div id="a42566" style="position:absolute;font-family:'Arial';left:7px;top:249px;"><div style="display:inline-block;width:15px;white-space:pre"> </div>Tax<div style="display:inline-block;width:5px;white-space:pre"> </div>credits receivable </div><div id="a42571" style="position:absolute;font-family:'Arial';left:534px;top:249px;">1,625</div><div id="a42575" style="position:absolute;font-family:'Arial';left:622px;top:249px;">1,530</div><div id="a42577" style="position:absolute;font-family:'Arial';left:7px;top:267px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>other non-current assets </div><div id="a42582" style="position:absolute;font-family:'Arial';left:495px;top:267px;">$ </div><div id="a42584" style="position:absolute;font-family:'Arial';left:534px;top:267px;">5,411</div><div id="a42587" style="position:absolute;font-family:'Arial';left:583px;top:267px;">$ </div><div id="a42589" style="position:absolute;font-family:'Arial';left:622px;top:267px;">6,342</div></div></div><div id="TextBlockContainer2414" style="position:relative;line-height:normal;width:676px;height:461px;"><div id="TextContainer2414" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a42592" style="position:absolute;font-family:'Arial';left:5px;top:0px;">The Company has other assets which include prepayments, favorable mineral leases, deferred<div style="display:inline-block;width:2px;white-space:pre"> </div>debt issue costs, </div><div id="a42597" style="position:absolute;font-family:'Arial';left:5px;top:15px;">long service leave receivables, equipment deposits, short-term deposits and<div style="display:inline-block;width:2px;white-space:pre"> </div>coalfield employment enhancement </div><div id="a42603" style="position:absolute;font-family:'Arial';left:5px;top:31px;">tax credit receivables.<div style="display:inline-block;width:4px;white-space:pre"> </div></div><div id="a42611" style="position:absolute;font-family:'Arial';left:5px;top:61px;">Long service leave for<div style="display:inline-block;width:5px;white-space:pre"> </div>eligible coal mine workers<div style="display:inline-block;width:6px;white-space:pre"> </div>at the Company’s<div style="display:inline-block;width:5px;white-space:pre"> </div>Australian Operations is<div style="display:inline-block;width:5px;white-space:pre"> </div>paid when leave is </div><div id="a42616" style="position:absolute;font-family:'Arial';left:5px;top:77px;">taken, with a subsequent<div style="display:inline-block;width:5px;white-space:pre"> </div>reimbursement received from<div style="display:inline-block;width:5px;white-space:pre"> </div>the Coal Mining Industry<div style="display:inline-block;width:5px;white-space:pre"> </div>(Long Service Leave Funding) </div><div id="a42617" style="position:absolute;font-family:'Arial';left:5px;top:92px;">Corporation<div style="display:inline-block;width:6px;white-space:pre"> </div>in<div style="display:inline-block;width:6px;white-space:pre"> </div>Queensland,<div style="display:inline-block;width:7px;white-space:pre"> </div>Australia.<div style="display:inline-block;width:6px;white-space:pre"> </div>The<div style="display:inline-block;width:6px;white-space:pre"> </div>reimbursement<div style="display:inline-block;width:7px;white-space:pre"> </div>entitlement<div style="display:inline-block;width:6px;white-space:pre"> </div>is<div style="display:inline-block;width:6px;white-space:pre"> </div>recognized<div style="display:inline-block;width:7px;white-space:pre"> </div>as<div style="display:inline-block;width:6px;white-space:pre"> </div>a<div style="display:inline-block;width:6px;white-space:pre"> </div>receivable<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>is </div><div id="a42625" style="position:absolute;font-family:'Arial';left:5px;top:107px;">measured as<div style="display:inline-block;width:5px;white-space:pre"> </div>the present<div style="display:inline-block;width:6px;white-space:pre"> </div>value of<div style="display:inline-block;width:6px;white-space:pre"> </div>expected future<div style="display:inline-block;width:6px;white-space:pre"> </div>reimbursements to<div style="display:inline-block;width:6px;white-space:pre"> </div>be received<div style="display:inline-block;width:6px;white-space:pre"> </div>for the<div style="display:inline-block;width:5px;white-space:pre"> </div>corresponding leave </div><div id="a42630" style="position:absolute;font-family:'Arial';left:5px;top:123px;">liability recognized.<div style="display:inline-block;width:4px;white-space:pre"> </div></div><div id="a42634" style="position:absolute;font-family:'Arial';left:5px;top:153px;">Deposits to acquire mining equipment<div style="display:inline-block;width:2px;white-space:pre"> </div>are advance payments made for<div style="display:inline-block;width:2px;white-space:pre"> </div>the purchase of future mining<div style="display:inline-block;width:2px;white-space:pre"> </div>equipment, </div><div id="a42635" style="position:absolute;font-family:'Arial';left:5px;top:169px;">some of which<div style="display:inline-block;width:6px;white-space:pre"> </div>is classified<div style="display:inline-block;width:5px;white-space:pre"> </div>as non-current assets<div style="display:inline-block;width:6px;white-space:pre"> </div>if the equipment<div style="display:inline-block;width:6px;white-space:pre"> </div>is expected to<div style="display:inline-block;width:6px;white-space:pre"> </div>be delivered beyond<div style="display:inline-block;width:6px;white-space:pre"> </div>the next </div><div id="a42647" style="position:absolute;font-family:'Arial';left:5px;top:184px;">twelve months.<div style="display:inline-block;width:4px;white-space:pre"> </div></div><div id="a42650" style="position:absolute;font-family:'Arial';left:5px;top:215px;">Short-term deposits are term deposits held with financial<div style="display:inline-block;width:5px;white-space:pre"> </div>institutions with a maturity greater than ninety days<div style="display:inline-block;width:5px;white-space:pre"> </div>but </div><div id="a42653" style="position:absolute;font-family:'Arial';left:5px;top:230px;">less than twelve months and that did not meet the cash and<div style="display:inline-block;width:5px;white-space:pre"> </div>cash equivalents criteria. </div><div id="a42657" style="position:absolute;font-family:'Arial';left:5px;top:261px;">The favorable mineral leases were recognized on acquisition of certain U.S. assets<div style="display:inline-block;width:5px;white-space:pre"> </div>that are amortized based on </div><div id="a42660" style="position:absolute;font-family:'Arial';left:5px;top:276px;">the<div style="display:inline-block;width:6px;white-space:pre"> </div>coal<div style="display:inline-block;width:6px;white-space:pre"> </div>tonnage<div style="display:inline-block;width:6px;white-space:pre"> </div>removed<div style="display:inline-block;width:6px;white-space:pre"> </div>from<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>lease<div style="display:inline-block;width:6px;white-space:pre"> </div>property<div style="display:inline-block;width:6px;white-space:pre"> </div>relative<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>total<div style="display:inline-block;width:6px;white-space:pre"> </div>estimated<div style="display:inline-block;width:6px;white-space:pre"> </div>acquired<div style="display:inline-block;width:6px;white-space:pre"> </div>reserves<div style="display:inline-block;width:6px;white-space:pre"> </div>on<div style="display:inline-block;width:6px;white-space:pre"> </div>that </div><div id="a42663" style="position:absolute;font-family:'Arial';left:5px;top:291px;">property.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a42666" style="position:absolute;font-family:'Arial';left:5px;top:322px;">The deferred debt issue<div style="display:inline-block;width:2px;white-space:pre"> </div>costs as of December 31,<div style="display:inline-block;width:2px;white-space:pre"> </div>2025, were incurred to<div style="display:inline-block;width:2px;white-space:pre"> </div>establish the ABL Facility with<div style="display:inline-block;width:2px;white-space:pre"> </div>Stanwell </div><div id="a42670" style="position:absolute;font-family:'Arial';left:5px;top:337px;">(as described in Note 15 “Interest<div style="display:inline-block;width:5px;white-space:pre"> </div>Bearing Liabilities”). The deferred<div style="display:inline-block;width:5px;white-space:pre"> </div>debt issue costs are amortized over<div style="display:inline-block;width:5px;white-space:pre"> </div>the life </div><div id="a42672" style="position:absolute;font-family:'Arial';left:5px;top:353px;">of the ABL Facility on a<div style="display:inline-block;width:2px;white-space:pre"> </div>straight-line basis and included in “Interest expense, net”<div style="display:inline-block;width:2px;white-space:pre"> </div>in the Company’s Consolidated </div><div id="a42677" style="position:absolute;font-family:'Arial';left:5px;top:368px;">Statements of Operations and Comprehensive Income. </div><div id="a42680" style="position:absolute;font-family:'Arial';left:5px;top:399px;">The deferred<div style="display:inline-block;width:6px;white-space:pre"> </div>debt issue<div style="display:inline-block;width:6px;white-space:pre"> </div>costs as<div style="display:inline-block;width:6px;white-space:pre"> </div>of December<div style="display:inline-block;width:6px;white-space:pre"> </div>31, 2024,<div style="display:inline-block;width:6px;white-space:pre"> </div>were incurred<div style="display:inline-block;width:6px;white-space:pre"> </div>to establish<div style="display:inline-block;width:6px;white-space:pre"> </div>the senior<div style="display:inline-block;width:6px;white-space:pre"> </div>secured asset-</div><div id="a42683" style="position:absolute;font-family:'Arial';left:5px;top:414px;">based revolving credit agreement with<div style="display:inline-block;width:2px;white-space:pre"> </div>The Hongkong and Shanghai Banking<div style="display:inline-block;width:2px;white-space:pre"> </div>Corporation Limited and DBS<div style="display:inline-block;width:2px;white-space:pre"> </div>Bank </div><div id="a42684" style="position:absolute;font-family:'Arial';left:5px;top:429px;">Limited, as lenders, or the predecessor credit facility,<div style="display:inline-block;width:6px;white-space:pre"> </div>which was extinguished and associated deferred issuance </div><div id="a42689" style="position:absolute;font-family:'Arial';left:5px;top:445px;">costs written off during the year ended December<div style="display:inline-block;width:5px;white-space:pre"> </div>31, 2025.</div></div></div> <div id="TextBlockContainer2411" style="position:relative;line-height:normal;width:667px;height:284px;"><div id="div_2408_XBRL_TS_08a3954a46ed43659f606a2df18cf80b" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2409" style="position:relative;line-height:normal;width:667px;height:284px;"><div style="position:absolute; width:82.1px; height:1px; left:492.1px; top:14.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:574.2px; top:14.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:574.9px; top:14.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:580.1px; top:14.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:81.4px; height:1px; left:580.8px; top:14.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:482.2px; height:1px; left:4px; top:32.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:32.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:32.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:32.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:32.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:32.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:32.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:154.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:154.5px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:154.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:154.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:154.5px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:154.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:173.2px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:175.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:504.1px; top:173.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:504.1px; top:175.2px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:507px; top:173.2px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:507px; top:175.2px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:173.2px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:175.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:592.1px; top:173.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:592.1px; top:175.2px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:595px; top:173.2px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:595px; top:175.2px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:263.7px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:263.7px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:263.7px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:263.7px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:263.7px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:263.7px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:491.1px; top:282.4px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:503.1px; top:282.4px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:506px; top:282.4px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:579.2px; top:282.4px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:591.2px; top:282.4px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:594.1px; top:282.4px; background-color:#000000; "> </div> <div id="TextContainer2409" style="position:relative;width:667px;z-index:1;font-size:13.28px;"><div id="a42429" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:542px;top:0px;">December 31, </div><div id="a42431" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:7px;top:20px;">(US$ thousands) </div><div id="a42434" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:521px;top:20px;">2025 </div><div id="a42437" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:609px;top:20px;">2024 </div><div id="a42439" style="position:absolute;font-family:'Arial';left:7px;top:35px;">Other current assets: </div><div id="a42447" style="position:absolute;font-family:'Arial';left:7px;top:53px;"><div style="display:inline-block;width:15px;white-space:pre"> </div>Prepayments </div><div id="a42451" style="position:absolute;font-family:'Arial';left:495px;top:53px;">$ </div><div id="a42453" style="position:absolute;font-family:'Arial';left:527px;top:53px;">43,797</div><div id="a42456" style="position:absolute;font-family:'Arial';left:583px;top:53px;">$ </div><div id="a42458" style="position:absolute;font-family:'Arial';left:615px;top:53px;">40,465</div><div id="a42460" style="position:absolute;font-family:'Arial';left:7px;top:70px;"><div style="display:inline-block;width:15px;white-space:pre"> </div>Long service leave receivable </div><div id="a42465" style="position:absolute;font-family:'Arial';left:534px;top:70px;">7,560</div><div id="a42469" style="position:absolute;font-family:'Arial';left:622px;top:70px;">7,193</div><div id="a42471" style="position:absolute;font-family:'Arial';left:7px;top:87px;"><div style="display:inline-block;width:15px;white-space:pre"> </div>Tax<div style="display:inline-block;width:5px;white-space:pre"> </div>credits receivable </div><div id="a42476" style="position:absolute;font-family:'Arial';left:534px;top:87px;">3,834</div><div id="a42480" style="position:absolute;font-family:'Arial';left:622px;top:87px;">4,004</div><div id="a42482" style="position:absolute;font-family:'Arial';left:7px;top:105px;"><div style="display:inline-block;width:15px;white-space:pre"> </div>Deposits to acquire mining equipment </div><div id="a42487" style="position:absolute;font-family:'Arial';left:527px;top:105px;">10,781</div><div id="a42491" style="position:absolute;font-family:'Arial';left:615px;top:105px;">37,888</div><div id="a42493" style="position:absolute;font-family:'Arial';left:7px;top:122px;"><div style="display:inline-block;width:15px;white-space:pre"> </div>Derivative assets (refer to Note 21. Derivatives and<div style="display:inline-block;width:5px;white-space:pre"> </div>Fair Value Measurement) </div><div id="a42498" style="position:absolute;font-family:'Arial';left:534px;top:122px;">2,523</div><div id="a42502" style="position:absolute;font-family:'Arial';left:642px;top:122px;">—</div><div id="a42504" style="position:absolute;font-family:'Arial';left:16px;top:139px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>Other </div><div id="a42509" style="position:absolute;font-family:'Arial';left:527px;top:139px;">19,183</div><div id="a42513" style="position:absolute;font-family:'Arial';left:615px;top:139px;">20,725</div><div id="a42515" style="position:absolute;font-family:'Arial';left:7px;top:158px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>other current assets </div><div id="a42518" style="position:absolute;font-family:'Arial';left:495px;top:158px;">$ </div><div id="a42520" style="position:absolute;font-family:'Arial';left:527px;top:158px;">87,678</div><div id="a42523" style="position:absolute;font-family:'Arial';left:583px;top:158px;">$ </div><div id="a42525" style="position:absolute;font-family:'Arial';left:607px;top:158px;">110,275</div><div id="a42534" style="position:absolute;font-family:'Arial';left:7px;top:197px;">Other non-current assets: </div><div id="a42542" style="position:absolute;font-family:'Arial';left:7px;top:214px;"><div style="display:inline-block;width:15px;white-space:pre"> </div>Deferred debt issue costs<div style="display:inline-block;width:4px;white-space:pre"> </div></div><div id="a42546" style="position:absolute;font-family:'Arial';left:495px;top:214px;">$ </div><div id="a42548" style="position:absolute;font-family:'Arial';left:534px;top:214px;">2,833</div><div id="a42551" style="position:absolute;font-family:'Arial';left:583px;top:214px;">$ </div><div id="a42553" style="position:absolute;font-family:'Arial';left:622px;top:214px;">3,285</div><div id="a42555" style="position:absolute;font-family:'Arial';left:7px;top:231px;"><div style="display:inline-block;width:15px;white-space:pre"> </div>Long service leave receivable </div><div id="a42560" style="position:absolute;font-family:'Arial';left:545px;top:231px;">953</div><div id="a42564" style="position:absolute;font-family:'Arial';left:622px;top:231px;">1,527</div><div id="a42566" style="position:absolute;font-family:'Arial';left:7px;top:249px;"><div style="display:inline-block;width:15px;white-space:pre"> </div>Tax<div style="display:inline-block;width:5px;white-space:pre"> </div>credits receivable </div><div id="a42571" style="position:absolute;font-family:'Arial';left:534px;top:249px;">1,625</div><div id="a42575" style="position:absolute;font-family:'Arial';left:622px;top:249px;">1,530</div><div id="a42577" style="position:absolute;font-family:'Arial';left:7px;top:267px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>other non-current assets </div><div id="a42582" style="position:absolute;font-family:'Arial';left:495px;top:267px;">$ </div><div id="a42584" style="position:absolute;font-family:'Arial';left:534px;top:267px;">5,411</div><div id="a42587" style="position:absolute;font-family:'Arial';left:583px;top:267px;">$ </div><div id="a42589" style="position:absolute;font-family:'Arial';left:622px;top:267px;">6,342</div></div></div></div></div> 43797000 40465000 7560000 7193000 3834000 4004000 10781000 37888000 2523000 0 19183000 20725000 87678000 110275000 2833000 3285000 953000 1527000 1625000 1530000 5411000 6342000 <div id="TextBlockContainer2417" style="position:relative;line-height:normal;width:676px;height:61px;"><div id="TextContainer2417" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a42705" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">10.<div style="display:inline-block;width:5px;white-space:pre"> </div>Property, Plant and<div style="display:inline-block;width:5px;white-space:pre"> </div>Equipment </div><div id="a42709" style="position:absolute;font-family:'Arial';left:5px;top:29px;">The following<div style="display:inline-block;width:5px;white-space:pre"> </div>table indicates<div style="display:inline-block;width:6px;white-space:pre"> </div>the carrying<div style="display:inline-block;width:6px;white-space:pre"> </div>amount of<div style="display:inline-block;width:6px;white-space:pre"> </div>each of<div style="display:inline-block;width:5px;white-space:pre"> </div>the major<div style="display:inline-block;width:6px;white-space:pre"> </div>classes of<div style="display:inline-block;width:6px;white-space:pre"> </div>the Company’s<div style="display:inline-block;width:6px;white-space:pre"> </div>consolidated </div><div id="a42713" style="position:absolute;font-family:'Arial';left:5px;top:44px;">depreciable assets:</div></div></div><div id="TextBlockContainer2421" style="position:relative;line-height:normal;width:670px;height:231px;"><div style="position:absolute; width:82.1px; height:1px; left:492.1px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:574.2px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:574.9px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:580.1px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:81.4px; height:1px; left:580.8px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:482.2px; height:1px; left:4px; top:33.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:33.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:33.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:33.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:33.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:33.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:33.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:173.2px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:173.2px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:173.2px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:173.2px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:173.2px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:173.2px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:210.6px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:210.6px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:210.6px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:210.6px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:210.6px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:210.6px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:491.1px; top:229.4px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:503.1px; top:229.4px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:506px; top:229.4px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:579.2px; top:229.4px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:591.2px; top:229.4px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:594.1px; top:229.4px; background-color:#000000; "> </div> <div id="TextContainer2421" style="position:relative;width:670px;z-index:1;font-size:13.28px;"><div id="a42717" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:542px;top:0px;">December 31,<div style="display:inline-block;width:3px;white-space:pre"> </div></div><div id="a42719" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:22px;">(US$ thousands) </div><div id="a42722" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:521px;top:22px;">2025 </div><div id="a42725" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:609px;top:22px;">2024 </div><div id="a42727" style="position:absolute;font-family:'Arial';left:4px;top:37px;">Land </div><div id="a42730" style="position:absolute;font-family:'Arial';left:492px;top:37px;">$ </div><div id="a42732" style="position:absolute;font-family:'Arial';left:529px;top:37px;">29,008</div><div id="a42735" style="position:absolute;font-family:'Arial';left:580px;top:37px;">$ </div><div id="a42737" style="position:absolute;font-family:'Arial';left:617px;top:37px;">28,130</div><div id="a42739" style="position:absolute;font-family:'Arial';left:4px;top:54px;">Buildings and improvements </div><div id="a42743" style="position:absolute;font-family:'Arial';left:522px;top:54px;">138,771</div><div id="a42747" style="position:absolute;font-family:'Arial';left:610px;top:54px;">123,662</div><div id="a42749" style="position:absolute;font-family:'Arial';left:4px;top:71px;">Plant, machinery, mining<div style="display:inline-block;width:5px;white-space:pre"> </div>equipment and transportation vehicles </div><div id="a42753" style="position:absolute;font-family:'Arial';left:511px;top:71px;">1,516,095</div><div id="a42757" style="position:absolute;font-family:'Arial';left:599px;top:71px;">1,259,620</div><div id="a42759" style="position:absolute;font-family:'Arial';left:4px;top:89px;">Mineral rights and reserves </div><div id="a42763" style="position:absolute;font-family:'Arial';left:522px;top:89px;">370,393</div><div id="a42767" style="position:absolute;font-family:'Arial';left:610px;top:89px;">379,065</div><div id="a42769" style="position:absolute;font-family:'Arial';left:4px;top:106px;">Office and computer equipment </div><div id="a42773" style="position:absolute;font-family:'Arial';left:529px;top:106px;">20,063</div><div id="a42777" style="position:absolute;font-family:'Arial';left:625px;top:106px;">9,654</div><div id="a42779" style="position:absolute;font-family:'Arial';left:4px;top:123px;">Mine development </div><div id="a42783" style="position:absolute;font-family:'Arial';left:522px;top:123px;">694,779</div><div id="a42787" style="position:absolute;font-family:'Arial';left:610px;top:123px;">550,110</div><div id="a42789" style="position:absolute;font-family:'Arial';left:4px;top:141px;">Asset retirement obligation asset </div><div id="a42793" style="position:absolute;font-family:'Arial';left:529px;top:141px;">79,094</div><div id="a42797" style="position:absolute;font-family:'Arial';left:617px;top:141px;">90,318</div><div id="a42799" style="position:absolute;font-family:'Arial';left:4px;top:158px;">Construction in progress </div><div id="a42803" style="position:absolute;font-family:'Arial';left:522px;top:158px;">103,011</div><div id="a42807" style="position:absolute;font-family:'Arial';left:610px;top:158px;">190,124</div><div id="a42809" style="position:absolute;font-family:'Arial';left:4px;top:178px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>cost of property,<div style="display:inline-block;width:5px;white-space:pre"> </div>plant and equipment </div><div id="a42813" style="position:absolute;font-family:'Arial';left:511px;top:178px;">2,951,214</div><div id="a42817" style="position:absolute;font-family:'Arial';left:599px;top:178px;">2,630,683</div><div id="a42819" style="position:absolute;font-family:'Arial';left:4px;top:195px;">Less accumulated depreciation, depletion and amortization </div><div id="a42823" style="position:absolute;font-family:'Arial';left:511px;top:195px;">1,296,759</div><div id="a42827" style="position:absolute;font-family:'Arial';left:599px;top:195px;">1,123,553</div><div id="a42829" style="position:absolute;font-family:'Arial';left:4px;top:214px;">Property, plant and<div style="display:inline-block;width:5px;white-space:pre"> </div>equipment, net </div><div id="a42832" style="position:absolute;font-family:'Arial';left:492px;top:214px;">$ </div><div id="a42834" style="position:absolute;font-family:'Arial';left:511px;top:214px;">1,654,455</div><div id="a42837" style="position:absolute;font-family:'Arial';left:580px;top:214px;">$ </div><div id="a42839" style="position:absolute;font-family:'Arial';left:599px;top:214px;">1,507,130</div></div></div><div id="TextBlockContainer2426" style="position:relative;line-height:normal;width:656px;height:32px;"><div id="TextContainer2426" style="position:relative;width:656px;z-index:1;font-size:13.28px;"><div id="a42842" style="position:absolute;font-family:'Arial';left:5px;top:0px;">The amount of depreciation and amortization expense<div style="display:inline-block;width:5px;white-space:pre"> </div>for property, plant<div style="display:inline-block;width:5px;white-space:pre"> </div>and equipment for the years ended </div><div id="a42847" style="position:absolute;font-family:'Arial';left:5px;top:15px;">December 31, 2025, 2024 and 2023 was $</div><div id="a42847_38_5" style="position:absolute;font-family:'Arial';left:257px;top:15px;">173.4</div><div id="a42847_43_11" style="position:absolute;font-family:'Arial';left:290px;top:15px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million, $</div><div id="a42847_54_5" style="position:absolute;font-family:'Arial';left:347px;top:15px;">175.4</div><div id="a42847_59_14" style="position:absolute;font-family:'Arial';left:380px;top:15px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million and $</div><div id="a42847_73_5" style="position:absolute;font-family:'Arial';left:459px;top:15px;">152.4</div><div id="a42847_78_23" style="position:absolute;font-family:'Arial';left:492px;top:15px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million, respectively.</div></div></div> <div id="TextBlockContainer2423" style="position:relative;line-height:normal;width:670px;height:231px;"><div id="div_2420_XBRL_TS_3e9704a7e80c4467b0c4471c09fb40d1" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2421" style="position:relative;line-height:normal;width:670px;height:231px;"><div style="position:absolute; width:82.1px; height:1px; left:492.1px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:574.2px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:574.9px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:580.1px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:81.4px; height:1px; left:580.8px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:482.2px; height:1px; left:4px; top:33.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:33.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:33.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:33.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:33.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:33.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:33.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:173.2px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:173.2px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:173.2px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:173.2px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:173.2px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:173.2px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:210.6px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:210.6px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:210.6px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:210.6px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:210.6px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:210.6px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:491.1px; top:229.4px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:503.1px; top:229.4px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:506px; top:229.4px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:579.2px; top:229.4px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:591.2px; top:229.4px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:594.1px; top:229.4px; background-color:#000000; "> </div> <div id="TextContainer2421" style="position:relative;width:670px;z-index:1;font-size:13.28px;"><div id="a42717" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:542px;top:0px;">December 31,<div style="display:inline-block;width:3px;white-space:pre"> </div></div><div id="a42719" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:22px;">(US$ thousands) </div><div id="a42722" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:521px;top:22px;">2025 </div><div id="a42725" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:609px;top:22px;">2024 </div><div id="a42727" style="position:absolute;font-family:'Arial';left:4px;top:37px;">Land </div><div id="a42730" style="position:absolute;font-family:'Arial';left:492px;top:37px;">$ </div><div id="a42732" style="position:absolute;font-family:'Arial';left:529px;top:37px;">29,008</div><div id="a42735" style="position:absolute;font-family:'Arial';left:580px;top:37px;">$ </div><div id="a42737" style="position:absolute;font-family:'Arial';left:617px;top:37px;">28,130</div><div id="a42739" style="position:absolute;font-family:'Arial';left:4px;top:54px;">Buildings and improvements </div><div id="a42743" style="position:absolute;font-family:'Arial';left:522px;top:54px;">138,771</div><div id="a42747" style="position:absolute;font-family:'Arial';left:610px;top:54px;">123,662</div><div id="a42749" style="position:absolute;font-family:'Arial';left:4px;top:71px;">Plant, machinery, mining<div style="display:inline-block;width:5px;white-space:pre"> </div>equipment and transportation vehicles </div><div id="a42753" style="position:absolute;font-family:'Arial';left:511px;top:71px;">1,516,095</div><div id="a42757" style="position:absolute;font-family:'Arial';left:599px;top:71px;">1,259,620</div><div id="a42759" style="position:absolute;font-family:'Arial';left:4px;top:89px;">Mineral rights and reserves </div><div id="a42763" style="position:absolute;font-family:'Arial';left:522px;top:89px;">370,393</div><div id="a42767" style="position:absolute;font-family:'Arial';left:610px;top:89px;">379,065</div><div id="a42769" style="position:absolute;font-family:'Arial';left:4px;top:106px;">Office and computer equipment </div><div id="a42773" style="position:absolute;font-family:'Arial';left:529px;top:106px;">20,063</div><div id="a42777" style="position:absolute;font-family:'Arial';left:625px;top:106px;">9,654</div><div id="a42779" style="position:absolute;font-family:'Arial';left:4px;top:123px;">Mine development </div><div id="a42783" style="position:absolute;font-family:'Arial';left:522px;top:123px;">694,779</div><div id="a42787" style="position:absolute;font-family:'Arial';left:610px;top:123px;">550,110</div><div id="a42789" style="position:absolute;font-family:'Arial';left:4px;top:141px;">Asset retirement obligation asset </div><div id="a42793" style="position:absolute;font-family:'Arial';left:529px;top:141px;">79,094</div><div id="a42797" style="position:absolute;font-family:'Arial';left:617px;top:141px;">90,318</div><div id="a42799" style="position:absolute;font-family:'Arial';left:4px;top:158px;">Construction in progress </div><div id="a42803" style="position:absolute;font-family:'Arial';left:522px;top:158px;">103,011</div><div id="a42807" style="position:absolute;font-family:'Arial';left:610px;top:158px;">190,124</div><div id="a42809" style="position:absolute;font-family:'Arial';left:4px;top:178px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>cost of property,<div style="display:inline-block;width:5px;white-space:pre"> </div>plant and equipment </div><div id="a42813" style="position:absolute;font-family:'Arial';left:511px;top:178px;">2,951,214</div><div id="a42817" style="position:absolute;font-family:'Arial';left:599px;top:178px;">2,630,683</div><div id="a42819" style="position:absolute;font-family:'Arial';left:4px;top:195px;">Less accumulated depreciation, depletion and amortization </div><div id="a42823" style="position:absolute;font-family:'Arial';left:511px;top:195px;">1,296,759</div><div id="a42827" style="position:absolute;font-family:'Arial';left:599px;top:195px;">1,123,553</div><div id="a42829" style="position:absolute;font-family:'Arial';left:4px;top:214px;">Property, plant and<div style="display:inline-block;width:5px;white-space:pre"> </div>equipment, net </div><div id="a42832" style="position:absolute;font-family:'Arial';left:492px;top:214px;">$ </div><div id="a42834" style="position:absolute;font-family:'Arial';left:511px;top:214px;">1,654,455</div><div id="a42837" style="position:absolute;font-family:'Arial';left:580px;top:214px;">$ </div><div id="a42839" style="position:absolute;font-family:'Arial';left:599px;top:214px;">1,507,130</div></div></div></div></div> 29008000 28130000 138771000 123662000 1516095000 1259620000 370393000 379065000 20063000 9654000 694779000 550110000 79094000 90318000 103011000 190124000 2951214000 2630683000 1296759000 1123553000 1654455000 1507130000 173400000 175400000 152400000 <div id="TextBlockContainer2429" style="position:relative;line-height:normal;width:425px;height:45px;"><div id="TextContainer2429" style="position:relative;width:425px;z-index:1;font-size:13.28px;"><div id="a42865" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">11.<div style="display:inline-block;width:9px;white-space:pre"> </div>Accrued Expenses and Other Current Liabilities </div><div id="a42869" style="position:absolute;font-family:'Arial';left:5px;top:29px;">Accrued expenses and other current liabilities consist of the<div style="display:inline-block;width:5px;white-space:pre"> </div>following:</div></div></div><div id="TextBlockContainer2435" style="position:relative;line-height:normal;width:664px;height:154px;"><div id="div_2432_XBRL_TS_03a50d9891a64954b2deda82a0124974" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2433" style="position:relative;line-height:normal;width:664px;height:154px;"><div style="position:absolute; width:82.1px; height:1px; left:489.1px; top:14.4px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:571.2px; top:14.4px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:571.9px; top:14.4px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:577.1px; top:14.4px; background-color:#407EC9; "> </div> <div style="position:absolute; width:81.4px; height:1px; left:577.8px; top:14.4px; background-color:#407EC9; "> </div> <div style="position:absolute; width:482.2px; height:1px; left:1px; top:28.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:28.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:28.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:28.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:28.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:28.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:28.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:133.6px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:133.6px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:133.6px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:133.6px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:133.6px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:133.6px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:488.1px; top:152.5px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:500.1px; top:152.5px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:503px; top:152.5px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:576.2px; top:152.5px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:588.2px; top:152.5px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:591.1px; top:152.5px; background-color:#000000; "> </div> <div id="TextContainer2433" style="position:relative;width:664px;z-index:1;font-size:13.28px;"><div id="a42873" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:540px;top:0px;">December 31, </div><div id="a42875" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:17px;">(US$ thousands) </div><div id="a42878" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:519px;top:17px;">2025 </div><div id="a42881" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:607px;top:17px;">2024 </div><div id="a42883" style="position:absolute;font-family:'Arial';left:4px;top:32px;">Wages and employee benefits </div><div id="a42886" style="position:absolute;font-family:'Arial';left:492px;top:32px;">$ </div><div id="a42888" style="position:absolute;font-family:'Arial';left:524px;top:32px;">42,652</div><div id="a42891" style="position:absolute;font-family:'Arial';left:580px;top:32px;">$ </div><div id="a42893" style="position:absolute;font-family:'Arial';left:612px;top:32px;">39,457</div><div id="a42895" style="position:absolute;font-family:'Arial';left:4px;top:49px;">Taxes<div style="display:inline-block;width:5px;white-space:pre"> </div>other than income taxes </div><div id="a42899" style="position:absolute;font-family:'Arial';left:531px;top:49px;">6,440</div><div id="a42903" style="position:absolute;font-family:'Arial';left:619px;top:49px;">6,062</div><div id="a42905" style="position:absolute;font-family:'Arial';left:4px;top:66px;">Accrued royalties </div><div id="a42909" style="position:absolute;font-family:'Arial';left:524px;top:66px;">37,818</div><div id="a42913" style="position:absolute;font-family:'Arial';left:612px;top:66px;">36,111</div><div id="a42915" style="position:absolute;font-family:'Arial';left:4px;top:84px;">Accrued freight costs </div><div id="a42919" style="position:absolute;font-family:'Arial';left:524px;top:84px;">40,964</div><div id="a42923" style="position:absolute;font-family:'Arial';left:612px;top:84px;">33,071</div><div id="a42925" style="position:absolute;font-family:'Arial';left:4px;top:101px;">Accrued mining fees </div><div id="a42929" style="position:absolute;font-family:'Arial';left:517px;top:101px;">132,754</div><div id="a42933" style="position:absolute;font-family:'Arial';left:612px;top:101px;">84,538</div><div id="a42935" style="position:absolute;font-family:'Arial';left:4px;top:118px;">Other liabilities </div><div id="a42939" style="position:absolute;font-family:'Arial';left:524px;top:118px;">15,404</div><div id="a42943" style="position:absolute;font-family:'Arial';left:619px;top:118px;">7,559</div><div id="a42945" style="position:absolute;font-family:'Arial';left:4px;top:137px;"><div style="display:inline-block;width:15px;white-space:pre"> </div>Total<div style="display:inline-block;width:5px;white-space:pre"> </div>accrued expenses and other current liabilities </div><div id="a42949" style="position:absolute;font-family:'Arial';left:492px;top:137px;">$ </div><div id="a42951" style="position:absolute;font-family:'Arial';left:517px;top:137px;">276,032</div><div id="a42954" style="position:absolute;font-family:'Arial';left:580px;top:137px;">$ </div><div id="a42956" style="position:absolute;font-family:'Arial';left:605px;top:137px;">206,798</div></div></div></div></div> <div id="TextBlockContainer2433" style="position:relative;line-height:normal;width:664px;height:154px;"><div style="position:absolute; width:82.1px; height:1px; left:489.1px; top:14.4px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:571.2px; top:14.4px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:571.9px; top:14.4px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:577.1px; top:14.4px; background-color:#407EC9; "> </div> <div style="position:absolute; width:81.4px; height:1px; left:577.8px; top:14.4px; background-color:#407EC9; "> </div> <div style="position:absolute; width:482.2px; height:1px; left:1px; top:28.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:28.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:28.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:28.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:28.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:28.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:28.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:133.6px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:133.6px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:133.6px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:133.6px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:133.6px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:133.6px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:488.1px; top:152.5px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:500.1px; top:152.5px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:503px; top:152.5px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:576.2px; top:152.5px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:588.2px; top:152.5px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:591.1px; top:152.5px; background-color:#000000; "> </div> <div id="TextContainer2433" style="position:relative;width:664px;z-index:1;font-size:13.28px;"><div id="a42873" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:540px;top:0px;">December 31, </div><div id="a42875" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:17px;">(US$ thousands) </div><div id="a42878" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:519px;top:17px;">2025 </div><div id="a42881" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:607px;top:17px;">2024 </div><div id="a42883" style="position:absolute;font-family:'Arial';left:4px;top:32px;">Wages and employee benefits </div><div id="a42886" style="position:absolute;font-family:'Arial';left:492px;top:32px;">$ </div><div id="a42888" style="position:absolute;font-family:'Arial';left:524px;top:32px;">42,652</div><div id="a42891" style="position:absolute;font-family:'Arial';left:580px;top:32px;">$ </div><div id="a42893" style="position:absolute;font-family:'Arial';left:612px;top:32px;">39,457</div><div id="a42895" style="position:absolute;font-family:'Arial';left:4px;top:49px;">Taxes<div style="display:inline-block;width:5px;white-space:pre"> </div>other than income taxes </div><div id="a42899" style="position:absolute;font-family:'Arial';left:531px;top:49px;">6,440</div><div id="a42903" style="position:absolute;font-family:'Arial';left:619px;top:49px;">6,062</div><div id="a42905" style="position:absolute;font-family:'Arial';left:4px;top:66px;">Accrued royalties </div><div id="a42909" style="position:absolute;font-family:'Arial';left:524px;top:66px;">37,818</div><div id="a42913" style="position:absolute;font-family:'Arial';left:612px;top:66px;">36,111</div><div id="a42915" style="position:absolute;font-family:'Arial';left:4px;top:84px;">Accrued freight costs </div><div id="a42919" style="position:absolute;font-family:'Arial';left:524px;top:84px;">40,964</div><div id="a42923" style="position:absolute;font-family:'Arial';left:612px;top:84px;">33,071</div><div id="a42925" style="position:absolute;font-family:'Arial';left:4px;top:101px;">Accrued mining fees </div><div id="a42929" style="position:absolute;font-family:'Arial';left:517px;top:101px;">132,754</div><div id="a42933" style="position:absolute;font-family:'Arial';left:612px;top:101px;">84,538</div><div id="a42935" style="position:absolute;font-family:'Arial';left:4px;top:118px;">Other liabilities </div><div id="a42939" style="position:absolute;font-family:'Arial';left:524px;top:118px;">15,404</div><div id="a42943" style="position:absolute;font-family:'Arial';left:619px;top:118px;">7,559</div><div id="a42945" style="position:absolute;font-family:'Arial';left:4px;top:137px;"><div style="display:inline-block;width:15px;white-space:pre"> </div>Total<div style="display:inline-block;width:5px;white-space:pre"> </div>accrued expenses and other current liabilities </div><div id="a42949" style="position:absolute;font-family:'Arial';left:492px;top:137px;">$ </div><div id="a42951" style="position:absolute;font-family:'Arial';left:517px;top:137px;">276,032</div><div id="a42954" style="position:absolute;font-family:'Arial';left:580px;top:137px;">$ </div><div id="a42956" style="position:absolute;font-family:'Arial';left:605px;top:137px;">206,798</div></div></div> 42652000 39457000 6440000 6062000 37818000 36111000 40964000 33071000 132754000 84538000 15404000 7559000 276032000 206798000 <div id="TextBlockContainer2438" style="position:relative;line-height:normal;width:676px;height:120px;"><div id="TextContainer2438" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a42960" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:9px;top:0px;">12. Leases </div><div id="a42964" style="position:absolute;font-family:'Arial';left:5px;top:29px;">During the year ended December 31,<div style="display:inline-block;width:5px;white-space:pre"> </div>2025, the Company entered into a<div style="display:inline-block;width:5px;white-space:pre"> </div>number of agreements to lease<div style="display:inline-block;width:5px;white-space:pre"> </div>mining </div><div id="a42973" style="position:absolute;font-family:'Arial';left:5px;top:44px;">equipment.<div style="display:inline-block;width:6px;white-space:pre"> </div>On<div style="display:inline-block;width:6px;white-space:pre"> </div>mobilization,<div style="display:inline-block;width:6px;white-space:pre"> </div>based<div style="display:inline-block;width:6px;white-space:pre"> </div>on<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company’s<div style="display:inline-block;width:6px;white-space:pre"> </div>assessment<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>terms<div style="display:inline-block;width:6px;white-space:pre"> </div>within<div style="display:inline-block;width:6px;white-space:pre"> </div>these<div style="display:inline-block;width:6px;white-space:pre"> </div>arrangements,<div style="display:inline-block;width:6px;white-space:pre"> </div>the </div><div id="a42979" style="position:absolute;font-family:'Arial';left:5px;top:59px;">Company recognized<div style="display:inline-block;width:6px;white-space:pre"> </div>ROU assets<div style="display:inline-block;width:6px;white-space:pre"> </div>and operating<div style="display:inline-block;width:5px;white-space:pre"> </div>lease liabilities<div style="display:inline-block;width:6px;white-space:pre"> </div>of $</div><div id="a42979_66_4" style="position:absolute;font-family:'Arial';left:414px;top:59px;">15.5</div><div id="a42979_70_37" style="position:absolute;font-family:'Arial';left:440px;top:59px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million and<div style="display:inline-block;width:5px;white-space:pre"> </div>plant and<div style="display:inline-block;width:6px;white-space:pre"> </div>equipment and </div><div id="a42981" style="position:absolute;font-family:'Arial';left:5px;top:75px;">finance lease liabilities of $</div><div id="a42981_30_4" style="position:absolute;font-family:'Arial';left:163px;top:75px;">34.4</div><div id="a42981_34_14" style="position:absolute;font-family:'Arial';left:189px;top:75px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million and $</div><div id="a42981_48_4" style="position:absolute;font-family:'Arial';left:268px;top:75px;">29.1</div><div id="a42981_52_25" style="position:absolute;font-family:'Arial';left:294px;top:75px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million, respectively.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a42983" style="position:absolute;font-family:'Arial';left:5px;top:103px;">Information related to the Company’s right-of<div style="display:inline-block;width:5px;white-space:pre"> </div>use assets and related lease liabilities is as follows:</div></div></div><div id="TextBlockContainer2442" style="position:relative;line-height:normal;width:667px;height:153px;"><div style="position:absolute; width:82.1px; height:1px; left:492.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:574.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:574.9px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:580.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:11.4px; height:1px; left:580.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:482.2px; height:1px; left:4px; top:29.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:29.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:29.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:29.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:29.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:29.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:29.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:132.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:132.5px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:132.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:132.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:132.5px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:132.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:151.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:504.1px; top:151.2px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:507px; top:151.2px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:151.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:592.1px; top:151.2px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:595px; top:151.2px; background-color:#000000; "> </div> <div id="TextContainer2442" style="position:relative;width:667px;z-index:1;font-size:13.28px;"><div id="a43006" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:512px;top:0px;">Year ended December 31, </div><div id="a43008" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:7px;top:18px;">(US$ thousands) </div><div id="a43011" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:521px;top:18px;">2025 </div><div id="a43015" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:615px;top:18px;">2024 </div><div id="a43017" style="position:absolute;font-family:'Arial';left:7px;top:32px;">Operating lease costs </div><div id="a43020" style="position:absolute;font-family:'Arial';left:495px;top:32px;">$ </div><div id="a43022" style="position:absolute;font-family:'Arial';left:527px;top:32px;">34,982</div><div id="a43025" style="position:absolute;font-family:'Arial';left:583px;top:32px;">$ </div><div id="a43027" style="position:absolute;font-family:'Arial';left:615px;top:32px;">28,619</div><div id="a43029" style="position:absolute;font-family:'Arial';left:7px;top:49px;">Cash paid for operating lease liabilities </div><div id="a43033" style="position:absolute;font-family:'Arial';left:527px;top:49px;">24,761</div><div id="a43037" style="position:absolute;font-family:'Arial';left:615px;top:49px;">21,050</div><div id="a43046" style="position:absolute;font-family:'Arial';left:7px;top:83px;">Finance lease costs: </div><div id="a43054" style="position:absolute;font-family:'Arial';left:7px;top:100px;">Depreciation of property,<div style="display:inline-block;width:5px;white-space:pre"> </div>plant and equipment </div><div id="a43058" style="position:absolute;font-family:'Arial';left:534px;top:100px;">2,634</div><div id="a43062" style="position:absolute;font-family:'Arial';left:641px;top:100px;">73</div><div id="a43064" style="position:absolute;font-family:'Arial';left:7px;top:117px;">Interest expense on finance lease liabilities </div><div id="a43068" style="position:absolute;font-family:'Arial';left:534px;top:117px;">1,755</div><div id="a43072" style="position:absolute;font-family:'Arial';left:648px;top:117px;">2</div><div id="a43074" style="position:absolute;font-family:'Arial';left:7px;top:136px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>finance lease costs </div><div id="a43077" style="position:absolute;font-family:'Arial';left:495px;top:136px;">$ </div><div id="a43079" style="position:absolute;font-family:'Arial';left:534px;top:136px;">4,389</div><div id="a43082" style="position:absolute;font-family:'Arial';left:583px;top:136px;">$ </div><div id="a43084" style="position:absolute;font-family:'Arial';left:641px;top:136px;">75</div></div></div><div id="TextBlockContainer2450" style="position:relative;line-height:normal;width:667px;height:406px;"><div id="div_2447_XBRL_TS_64a7e4c2b73b4e73b121c262e7cc132c" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2448" style="position:relative;line-height:normal;width:667px;height:406px;"><div style="position:absolute; width:82.1px; height:1px; left:492.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:574.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:574.9px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:580.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:81.4px; height:1px; left:580.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:482.2px; height:1px; left:4px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:147.4px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:147.4px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:147.4px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:147.4px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:147.4px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:147.4px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:166.1px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:168px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:504.1px; top:166.1px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:504.1px; top:168px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:507px; top:166.1px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:507px; top:168px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:166.1px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:168px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:592.1px; top:166.1px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:592.1px; top:168px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:595px; top:166.1px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:595px; top:168px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:238.1px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:238.1px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:238.1px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:238.1px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:238.1px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:238.1px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:256.8px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:258.7px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:504.1px; top:256.8px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:504.1px; top:258.7px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:507px; top:256.8px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:507px; top:258.7px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:256.8px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:258.7px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:592.1px; top:256.8px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:592.1px; top:258.7px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:595px; top:256.8px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:595px; top:258.7px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:311.9px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:311.9px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:311.9px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:311.9px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:311.9px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:311.9px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:330.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:332.4px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:504.1px; top:330.5px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:504.1px; top:332.4px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:507px; top:330.5px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:507px; top:332.4px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:330.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:332.4px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:592.1px; top:330.5px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:592.1px; top:332.4px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:595px; top:330.5px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:595px; top:332.4px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:385.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:385.5px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:385.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:385.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:385.5px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:385.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:404.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:504.1px; top:404.2px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:507px; top:404.2px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:404.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:592.1px; top:404.2px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:595px; top:404.2px; background-color:#000000; "> </div> <div id="TextContainer2448" style="position:relative;width:667px;z-index:1;font-size:13.28px;"><div id="a43102" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:542px;top:0px;">December 31, </div><div id="a43104" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:7px;top:16px;">(US$ thousands) </div><div id="a43107" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:521px;top:16px;">2025 </div><div id="a43110" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:609px;top:16px;">2024 </div><div id="a43112" style="position:absolute;font-family:'Arial';font-weight:bold;font-style:italic;left:7px;top:30px;">Assets: </div><div id="a43120" style="position:absolute;font-family:'Arial';left:7px;top:47px;">Operating leases </div><div id="a43128" style="position:absolute;font-family:'Arial';left:25px;top:64px;">Right of use asset – operating leases, net </div><div id="a43134" style="position:absolute;font-family:'Arial';left:495px;top:64px;">$ </div><div id="a43136" style="position:absolute;font-family:'Arial';left:527px;top:64px;">86,481</div><div id="a43139" style="position:absolute;font-family:'Arial';left:583px;top:64px;">$ </div><div id="a43141" style="position:absolute;font-family:'Arial';left:615px;top:64px;">90,143</div><div id="a43150" style="position:absolute;font-family:'Arial';left:7px;top:98px;">Finance leases </div><div id="a43158" style="position:absolute;font-family:'Arial';left:25px;top:115px;">Property, plant and<div style="display:inline-block;width:5px;white-space:pre"> </div>equipment </div><div id="a43162" style="position:absolute;font-family:'Arial';left:527px;top:115px;">36,133</div><div id="a43166" style="position:absolute;font-family:'Arial';left:642px;top:115px;">—</div><div id="a43168" style="position:absolute;font-family:'Arial';left:25px;top:132px;">Accumulated depreciation </div><div id="a43172" style="position:absolute;font-family:'Arial';left:529px;top:132px;display:flex;">(2,721)</div><div id="a43176" style="position:absolute;font-family:'Arial';left:642px;top:132px;">—</div><div id="a43178" style="position:absolute;font-family:'Arial';left:25px;top:151px;">Property, plant and<div style="display:inline-block;width:5px;white-space:pre"> </div>equipment, net </div><div id="a43182" style="position:absolute;font-family:'Arial';left:527px;top:151px;">33,412</div><div id="a43186" style="position:absolute;font-family:'Arial';left:642px;top:151px;">—</div><div id="a43195" style="position:absolute;font-family:'Arial';font-weight:bold;font-style:italic;left:7px;top:189px;">Liabilities: </div><div id="a43203" style="position:absolute;font-family:'Arial';left:25px;top:206px;-sec-ix-hidden:ID_986;">Current operating lease obligations</div><div id="a43207" style="position:absolute;font-family:'Arial';left:527px;top:206px;">26,348</div><div id="a43211" style="position:absolute;font-family:'Arial';left:615px;top:206px;">19,502</div><div id="a43213" style="position:absolute;font-family:'Arial';left:25px;top:223px;-sec-ix-hidden:ID_989;">Non-current operating lease obligations</div><div id="a43219" style="position:absolute;font-family:'Arial';left:527px;top:223px;">66,493</div><div id="a43223" style="position:absolute;font-family:'Arial';left:615px;top:223px;">74,241</div><div id="a43225" style="position:absolute;font-family:'Arial';left:52px;top:242px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>operating lease liabilities </div><div id="a43229" style="position:absolute;font-family:'Arial';left:527px;top:242px;">92,841</div><div id="a43233" style="position:absolute;font-family:'Arial';left:615px;top:242px;">93,743</div><div id="a43242" style="position:absolute;font-family:'Arial';left:25px;top:280px;-sec-ix-hidden:ID_987;">Current finance lease obligations</div><div id="a43246" style="position:absolute;font-family:'Arial';left:534px;top:280px;">7,952</div><div id="a43250" style="position:absolute;font-family:'Arial';left:642px;top:280px;">—</div><div id="a43252" style="position:absolute;font-family:'Arial';left:25px;top:297px;-sec-ix-hidden:ID_1389;">Non-current finance lease obligations</div><div id="a43258" style="position:absolute;font-family:'Arial';left:527px;top:297px;">17,373</div><div id="a43262" style="position:absolute;font-family:'Arial';left:642px;top:297px;">—</div><div id="a43264" style="position:absolute;font-family:'Arial';left:52px;top:315px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>finance lease liabilities </div><div id="a43268" style="position:absolute;font-family:'Arial';left:527px;top:315px;">25,325</div><div id="a43272" style="position:absolute;font-family:'Arial';left:642px;top:315px;">—</div><div id="a43281" style="position:absolute;font-family:'Arial';left:25px;top:353px;">Current lease obligations </div><div id="a43285" style="position:absolute;font-family:'Arial';left:527px;top:353px;">34,300</div><div id="a43289" style="position:absolute;font-family:'Arial';left:615px;top:353px;">19,502</div><div id="a43291" style="position:absolute;font-family:'Arial';left:25px;top:370px;">Non-current lease obligations </div><div id="a43297" style="position:absolute;font-family:'Arial';left:527px;top:370px;">83,866</div><div id="a43301" style="position:absolute;font-family:'Arial';left:615px;top:370px;">74,241</div><div id="a43303" style="position:absolute;font-family:'Arial';left:52px;top:389px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>lease obligations </div><div id="a43306" style="position:absolute;font-family:'Arial';left:495px;top:389px;">$ </div><div id="a43308" style="position:absolute;font-family:'Arial';left:519px;top:389px;">118,166</div><div id="a43311" style="position:absolute;font-family:'Arial';left:583px;top:389px;">$ </div><div id="a43313" style="position:absolute;font-family:'Arial';left:615px;top:389px;">93,743</div></div></div></div></div><div id="TextBlockContainer2454" style="position:relative;line-height:normal;width:674px;height:151px;"><div style="position:absolute; width:68.6px; height:1px; left:519px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:587.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.1px; height:1px; left:588.3px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:593.4px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:594.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:495.6px; height:1px; left:4px; top:29.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:68.6px; height:1px; left:519px; top:29.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:68.8px; height:1px; left:593.4px; top:29.9px; background-color:#407EC9; "> </div> <div id="TextContainer2454" style="position:relative;width:674px;z-index:1;font-size:13.28px;"><div id="a43331" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:556px;top:0px;">December 31, </div><div id="a43335" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:542px;top:18px;">2025 </div><div id="a43338" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:616px;top:18px;">2024 </div><div id="a43340" style="position:absolute;font-family:'Arial';font-weight:bold;left:7px;top:32px;">Weighted Average Remaining<div style="display:inline-block;width:5px;white-space:pre"> </div>Lease Term (Years) </div><div id="a43346" style="position:absolute;font-family:'Arial';left:25px;top:49px;">Finance leases </div><div id="a43349" style="position:absolute;font-family:'Arial';left:563px;top:49px;">3.2</div><div id="a43352" style="position:absolute;font-family:'Arial';left:651px;top:49px;-sec-ix-hidden:ID_809;">-</div><div id="a43354" style="position:absolute;font-family:'Arial';left:25px;top:66px;">Operating leases </div><div id="a43357" style="position:absolute;font-family:'Arial';left:563px;top:66px;">3.3</div><div id="a43360" style="position:absolute;font-family:'Arial';left:637px;top:66px;">4.3</div><div id="a43367" style="position:absolute;font-family:'Arial';font-weight:bold;left:7px;top:100px;">Weighted Average Discount<div style="display:inline-block;width:5px;white-space:pre"> </div>Rate </div><div id="a43373" style="position:absolute;font-family:'Arial';left:25px;top:117px;">Finance leases </div><div id="a43376" style="position:absolute;font-family:'Arial';left:547px;top:117px;display:flex;">10.8%</div><div id="a43379" style="position:absolute;font-family:'Arial';left:651px;top:117px;">-</div><div id="a43381" style="position:absolute;font-family:'Arial';left:25px;top:134px;">Operating leases </div><div id="a43384" style="position:absolute;font-family:'Arial';left:555px;top:134px;display:flex;">9.5%</div><div id="a43387" style="position:absolute;font-family:'Arial';left:629px;top:134px;display:flex;">9.3%</div></div></div><div id="TextBlockContainer2459" style="position:relative;line-height:normal;width:676px;height:47px;"><div id="TextContainer2459" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a43403" style="position:absolute;font-family:'Arial';left:5px;top:0px;">The Company’s leases<div style="display:inline-block;width:5px;white-space:pre"> </div>have remaining lease<div style="display:inline-block;width:5px;white-space:pre"> </div>terms of </div><div id="a43403_51_8" style="position:absolute;font-family:'Arial';left:329px;top:0px;">one year</div><div id="a43403_59_4" style="position:absolute;font-family:'Arial';left:382px;top:0px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>to </div><div id="a43403_63_10" style="position:absolute;font-family:'Arial';left:401px;top:0px;">four years</div><div id="a43403_73_35" style="position:absolute;font-family:'Arial';left:461px;top:0px;">, some of which<div style="display:inline-block;width:6px;white-space:pre"> </div>include options to </div><div id="a43411" style="position:absolute;font-family:'Arial';left:5px;top:15px;">extend the terms where<div style="display:inline-block;width:5px;white-space:pre"> </div>the Company deems<div style="display:inline-block;width:5px;white-space:pre"> </div>it is reasonably certain<div style="display:inline-block;width:5px;white-space:pre"> </div>the options will be<div style="display:inline-block;width:5px;white-space:pre"> </div>exercised. Maturities of </div><div id="a43415" style="position:absolute;font-family:'Arial';left:5px;top:31px;">lease liabilities as at December 31, 2025, are as follows:</div></div></div><div id="TextBlockContainer2463" style="position:relative;line-height:normal;width:652px;height:166px;"><div style="position:absolute; width:372.1px; height:1px; left:4px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:382.2px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:394.2px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.3px; height:1px; left:394.8px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:470.2px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:482.2px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.3px; height:1px; left:482.8px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:558.2px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:570.2px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.3px; height:1px; left:570.9px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:382.2px; top:110px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:394.2px; top:110px; background-color:#000000; "> </div> <div style="position:absolute; width:69.3px; height:1px; left:394.8px; top:110px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:470.2px; top:110px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:482.2px; top:110px; background-color:#000000; "> </div> <div style="position:absolute; width:69.3px; height:1px; left:482.8px; top:110px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:558.2px; top:110px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:570.2px; top:110px; background-color:#000000; "> </div> <div style="position:absolute; width:69.3px; height:1px; left:570.9px; top:110px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:382.2px; top:127.6px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:394.2px; top:127.6px; background-color:#000000; "> </div> <div style="position:absolute; width:69.3px; height:1px; left:394.8px; top:127.6px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:470.2px; top:127.6px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:482.2px; top:127.6px; background-color:#000000; "> </div> <div style="position:absolute; width:69.3px; height:1px; left:482.8px; top:127.6px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:558.2px; top:127.6px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:570.2px; top:127.6px; background-color:#000000; "> </div> <div style="position:absolute; width:69.3px; height:1px; left:570.9px; top:127.6px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:382.2px; top:145.2px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:394.2px; top:145.2px; background-color:#000000; "> </div> <div style="position:absolute; width:69.3px; height:1px; left:394.8px; top:145.2px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:470.2px; top:145.2px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:482.2px; top:145.2px; background-color:#000000; "> </div> <div style="position:absolute; width:69.3px; height:1px; left:482.8px; top:145.2px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:558.2px; top:145.2px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:570.2px; top:145.2px; background-color:#000000; "> </div> <div style="position:absolute; width:69.3px; height:1px; left:570.9px; top:145.2px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:381.2px; top:164.1px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:393.2px; top:164.1px; background-color:#000000; "> </div> <div style="position:absolute; width:68px; height:1px; left:396.1px; top:164.1px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:469.2px; top:164.1px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:481.2px; top:164.1px; background-color:#000000; "> </div> <div style="position:absolute; width:68px; height:1px; left:484.1px; top:164.1px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:557.3px; top:164.1px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:569.3px; top:164.1px; background-color:#000000; "> </div> <div style="position:absolute; width:68px; height:1px; left:572.1px; top:164.1px; background-color:#000000; "> </div> <div id="TextContainer2463" style="position:relative;width:652px;z-index:1;font-size:13.28px;"><div id="a43419" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:12px;">(US$ thousands) </div><div id="a43422" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:398px;top:0px;">Operating </div><div id="a43424" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:408px;top:12px;">Lease </div><div id="a43427" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:491px;top:0px;">Finance </div><div id="a43429" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:496px;top:12px;">Lease </div><div id="a43432" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:587px;top:12px;">Total </div><div id="a43434" style="position:absolute;font-family:'Arial';left:4px;top:27px;">Year ending<div style="display:inline-block;width:5px;white-space:pre"> </div>December 31, </div><div id="a43445" style="position:absolute;font-family:'Arial';left:13px;top:44px;">2026 </div><div id="a43448" style="position:absolute;font-family:'Arial';left:382px;top:44px;">$ </div><div id="a43450" style="position:absolute;font-family:'Arial';left:419px;top:44px;">33,599</div><div id="a43453" style="position:absolute;font-family:'Arial';left:470px;top:44px;">$ </div><div id="a43455" style="position:absolute;font-family:'Arial';left:507px;top:44px;">10,294</div><div id="a43458" style="position:absolute;font-family:'Arial';left:558px;top:44px;">$ </div><div id="a43460" style="position:absolute;font-family:'Arial';left:595px;top:44px;">43,893</div><div id="a43462" style="position:absolute;font-family:'Arial';left:13px;top:61px;">2027 </div><div id="a43466" style="position:absolute;font-family:'Arial';left:419px;top:61px;">32,204</div><div id="a43470" style="position:absolute;font-family:'Arial';left:515px;top:61px;">8,954</div><div id="a43474" style="position:absolute;font-family:'Arial';left:595px;top:61px;">41,158</div><div id="a43476" style="position:absolute;font-family:'Arial';left:13px;top:78px;">2028 </div><div id="a43480" style="position:absolute;font-family:'Arial';left:419px;top:78px;">28,756</div><div id="a43484" style="position:absolute;font-family:'Arial';left:515px;top:78px;">8,328</div><div id="a43488" style="position:absolute;font-family:'Arial';left:595px;top:78px;">37,084</div><div id="a43490" style="position:absolute;font-family:'Arial';left:13px;top:95px;">2029 </div><div id="a43494" style="position:absolute;font-family:'Arial';left:419px;top:95px;">13,162</div><div id="a43498" style="position:absolute;font-family:'Arial';left:515px;top:95px;">3,399</div><div id="a43502" style="position:absolute;font-family:'Arial';left:595px;top:95px;">16,561</div><div id="a43504" style="position:absolute;font-family:'Arial';left:13px;top:113px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>lease payments </div><div id="a43508" style="position:absolute;font-family:'Arial';left:412px;top:113px;">107,721</div><div id="a43512" style="position:absolute;font-family:'Arial';left:507px;top:113px;">30,975</div><div id="a43516" style="position:absolute;font-family:'Arial';left:588px;top:113px;">138,696</div><div id="a43518" style="position:absolute;font-family:'Arial';left:13px;top:130px;">Less imputed interest </div><div id="a43522" style="position:absolute;font-family:'Arial';left:415px;top:130px;display:flex;">(14,880)</div><div id="a43526" style="position:absolute;font-family:'Arial';left:510px;top:130px;display:flex;">(5,650)</div><div id="a43530" style="position:absolute;font-family:'Arial';left:591px;top:130px;display:flex;">(20,530)</div><div id="a43532" style="position:absolute;font-family:'Arial';left:31px;top:149px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>lease liability </div><div id="a43535" style="position:absolute;font-family:'Arial';left:382px;top:149px;">$ </div><div id="a43537" style="position:absolute;font-family:'Arial';left:419px;top:149px;">92,841</div><div id="a43540" style="position:absolute;font-family:'Arial';left:470px;top:149px;">$ </div><div id="a43542" style="position:absolute;font-family:'Arial';left:507px;top:149px;">25,325</div><div id="a43545" style="position:absolute;font-family:'Arial';left:558px;top:149px;">$ </div><div id="a43547" style="position:absolute;font-family:'Arial';left:588px;top:149px;">118,166</div></div></div> 15500000 15500000 34400000 29100000 <div id="TextBlockContainer2444" style="position:relative;line-height:normal;width:667px;height:153px;"><div id="div_2441_XBRL_TS_0d6599dc67094a8d8575839b44de9f2a" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2442" style="position:relative;line-height:normal;width:667px;height:153px;"><div style="position:absolute; width:82.1px; height:1px; left:492.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:574.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:574.9px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:580.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:11.4px; height:1px; left:580.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:482.2px; height:1px; left:4px; top:29.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:29.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:29.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:29.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:29.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:29.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:29.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:132.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:132.5px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:132.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:132.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:132.5px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:132.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:151.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:504.1px; top:151.2px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:507px; top:151.2px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:151.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:592.1px; top:151.2px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:595px; top:151.2px; background-color:#000000; "> </div> <div id="TextContainer2442" style="position:relative;width:667px;z-index:1;font-size:13.28px;"><div id="a43006" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:512px;top:0px;">Year ended December 31, </div><div id="a43008" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:7px;top:18px;">(US$ thousands) </div><div id="a43011" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:521px;top:18px;">2025 </div><div id="a43015" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:615px;top:18px;">2024 </div><div id="a43017" style="position:absolute;font-family:'Arial';left:7px;top:32px;">Operating lease costs </div><div id="a43020" style="position:absolute;font-family:'Arial';left:495px;top:32px;">$ </div><div id="a43022" style="position:absolute;font-family:'Arial';left:527px;top:32px;">34,982</div><div id="a43025" style="position:absolute;font-family:'Arial';left:583px;top:32px;">$ </div><div id="a43027" style="position:absolute;font-family:'Arial';left:615px;top:32px;">28,619</div><div id="a43029" style="position:absolute;font-family:'Arial';left:7px;top:49px;">Cash paid for operating lease liabilities </div><div id="a43033" style="position:absolute;font-family:'Arial';left:527px;top:49px;">24,761</div><div id="a43037" style="position:absolute;font-family:'Arial';left:615px;top:49px;">21,050</div><div id="a43046" style="position:absolute;font-family:'Arial';left:7px;top:83px;">Finance lease costs: </div><div id="a43054" style="position:absolute;font-family:'Arial';left:7px;top:100px;">Depreciation of property,<div style="display:inline-block;width:5px;white-space:pre"> </div>plant and equipment </div><div id="a43058" style="position:absolute;font-family:'Arial';left:534px;top:100px;">2,634</div><div id="a43062" style="position:absolute;font-family:'Arial';left:641px;top:100px;">73</div><div id="a43064" style="position:absolute;font-family:'Arial';left:7px;top:117px;">Interest expense on finance lease liabilities </div><div id="a43068" style="position:absolute;font-family:'Arial';left:534px;top:117px;">1,755</div><div id="a43072" style="position:absolute;font-family:'Arial';left:648px;top:117px;">2</div><div id="a43074" style="position:absolute;font-family:'Arial';left:7px;top:136px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>finance lease costs </div><div id="a43077" style="position:absolute;font-family:'Arial';left:495px;top:136px;">$ </div><div id="a43079" style="position:absolute;font-family:'Arial';left:534px;top:136px;">4,389</div><div id="a43082" style="position:absolute;font-family:'Arial';left:583px;top:136px;">$ </div><div id="a43084" style="position:absolute;font-family:'Arial';left:641px;top:136px;">75</div></div></div></div></div> 34982000 28619000 24761000 21050000 2634000 73000 1755000 2000 4389000 75000 <div id="TextBlockContainer2448" style="position:relative;line-height:normal;width:667px;height:406px;"><div style="position:absolute; width:82.1px; height:1px; left:492.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:574.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:574.9px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:580.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:81.4px; height:1px; left:580.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:482.2px; height:1px; left:4px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:147.4px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:147.4px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:147.4px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:147.4px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:147.4px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:147.4px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:166.1px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:168px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:504.1px; top:166.1px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:504.1px; top:168px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:507px; top:166.1px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:507px; top:168px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:166.1px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:168px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:592.1px; top:166.1px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:592.1px; top:168px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:595px; top:166.1px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:595px; top:168px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:238.1px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:238.1px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:238.1px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:238.1px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:238.1px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:238.1px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:256.8px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:258.7px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:504.1px; top:256.8px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:504.1px; top:258.7px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:507px; top:256.8px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:507px; top:258.7px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:256.8px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:258.7px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:592.1px; top:256.8px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:592.1px; top:258.7px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:595px; top:256.8px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:595px; top:258.7px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:311.9px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:311.9px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:311.9px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:311.9px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:311.9px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:311.9px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:330.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:332.4px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:504.1px; top:330.5px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:504.1px; top:332.4px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:507px; top:330.5px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:507px; top:332.4px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:330.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:332.4px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:592.1px; top:330.5px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:592.1px; top:332.4px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:595px; top:330.5px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:595px; top:332.4px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:385.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:385.5px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:385.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:385.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:385.5px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:385.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:404.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:504.1px; top:404.2px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:507px; top:404.2px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:404.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:592.1px; top:404.2px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:595px; top:404.2px; background-color:#000000; "> </div> <div id="TextContainer2448" style="position:relative;width:667px;z-index:1;font-size:13.28px;"><div id="a43102" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:542px;top:0px;">December 31, </div><div id="a43104" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:7px;top:16px;">(US$ thousands) </div><div id="a43107" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:521px;top:16px;">2025 </div><div id="a43110" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:609px;top:16px;">2024 </div><div id="a43112" style="position:absolute;font-family:'Arial';font-weight:bold;font-style:italic;left:7px;top:30px;">Assets: </div><div id="a43120" style="position:absolute;font-family:'Arial';left:7px;top:47px;">Operating leases </div><div id="a43128" style="position:absolute;font-family:'Arial';left:25px;top:64px;">Right of use asset – operating leases, net </div><div id="a43134" style="position:absolute;font-family:'Arial';left:495px;top:64px;">$ </div><div id="a43136" style="position:absolute;font-family:'Arial';left:527px;top:64px;">86,481</div><div id="a43139" style="position:absolute;font-family:'Arial';left:583px;top:64px;">$ </div><div id="a43141" style="position:absolute;font-family:'Arial';left:615px;top:64px;">90,143</div><div id="a43150" style="position:absolute;font-family:'Arial';left:7px;top:98px;">Finance leases </div><div id="a43158" style="position:absolute;font-family:'Arial';left:25px;top:115px;">Property, plant and<div style="display:inline-block;width:5px;white-space:pre"> </div>equipment </div><div id="a43162" style="position:absolute;font-family:'Arial';left:527px;top:115px;">36,133</div><div id="a43166" style="position:absolute;font-family:'Arial';left:642px;top:115px;">—</div><div id="a43168" style="position:absolute;font-family:'Arial';left:25px;top:132px;">Accumulated depreciation </div><div id="a43172" style="position:absolute;font-family:'Arial';left:529px;top:132px;display:flex;">(2,721)</div><div id="a43176" style="position:absolute;font-family:'Arial';left:642px;top:132px;">—</div><div id="a43178" style="position:absolute;font-family:'Arial';left:25px;top:151px;">Property, plant and<div style="display:inline-block;width:5px;white-space:pre"> </div>equipment, net </div><div id="a43182" style="position:absolute;font-family:'Arial';left:527px;top:151px;">33,412</div><div id="a43186" style="position:absolute;font-family:'Arial';left:642px;top:151px;">—</div><div id="a43195" style="position:absolute;font-family:'Arial';font-weight:bold;font-style:italic;left:7px;top:189px;">Liabilities: </div><div id="a43203" style="position:absolute;font-family:'Arial';left:25px;top:206px;-sec-ix-hidden:ID_986;">Current operating lease obligations</div><div id="a43207" style="position:absolute;font-family:'Arial';left:527px;top:206px;">26,348</div><div id="a43211" style="position:absolute;font-family:'Arial';left:615px;top:206px;">19,502</div><div id="a43213" style="position:absolute;font-family:'Arial';left:25px;top:223px;-sec-ix-hidden:ID_989;">Non-current operating lease obligations</div><div id="a43219" style="position:absolute;font-family:'Arial';left:527px;top:223px;">66,493</div><div id="a43223" style="position:absolute;font-family:'Arial';left:615px;top:223px;">74,241</div><div id="a43225" style="position:absolute;font-family:'Arial';left:52px;top:242px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>operating lease liabilities </div><div id="a43229" style="position:absolute;font-family:'Arial';left:527px;top:242px;">92,841</div><div id="a43233" style="position:absolute;font-family:'Arial';left:615px;top:242px;">93,743</div><div id="a43242" style="position:absolute;font-family:'Arial';left:25px;top:280px;-sec-ix-hidden:ID_987;">Current finance lease obligations</div><div id="a43246" style="position:absolute;font-family:'Arial';left:534px;top:280px;">7,952</div><div id="a43250" style="position:absolute;font-family:'Arial';left:642px;top:280px;">—</div><div id="a43252" style="position:absolute;font-family:'Arial';left:25px;top:297px;-sec-ix-hidden:ID_1389;">Non-current finance lease obligations</div><div id="a43258" style="position:absolute;font-family:'Arial';left:527px;top:297px;">17,373</div><div id="a43262" style="position:absolute;font-family:'Arial';left:642px;top:297px;">—</div><div id="a43264" style="position:absolute;font-family:'Arial';left:52px;top:315px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>finance lease liabilities </div><div id="a43268" style="position:absolute;font-family:'Arial';left:527px;top:315px;">25,325</div><div id="a43272" style="position:absolute;font-family:'Arial';left:642px;top:315px;">—</div><div id="a43281" style="position:absolute;font-family:'Arial';left:25px;top:353px;">Current lease obligations </div><div id="a43285" style="position:absolute;font-family:'Arial';left:527px;top:353px;">34,300</div><div id="a43289" style="position:absolute;font-family:'Arial';left:615px;top:353px;">19,502</div><div id="a43291" style="position:absolute;font-family:'Arial';left:25px;top:370px;">Non-current lease obligations </div><div id="a43297" style="position:absolute;font-family:'Arial';left:527px;top:370px;">83,866</div><div id="a43301" style="position:absolute;font-family:'Arial';left:615px;top:370px;">74,241</div><div id="a43303" style="position:absolute;font-family:'Arial';left:52px;top:389px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>lease obligations </div><div id="a43306" style="position:absolute;font-family:'Arial';left:495px;top:389px;">$ </div><div id="a43308" style="position:absolute;font-family:'Arial';left:519px;top:389px;">118,166</div><div id="a43311" style="position:absolute;font-family:'Arial';left:583px;top:389px;">$ </div><div id="a43313" style="position:absolute;font-family:'Arial';left:615px;top:389px;">93,743</div></div></div> 86481000 90143000 36133000 0 2721000 0 33412000 0 26348000 19502000 66493000 74241000 92841000 93743000 7952000 0 17373000 0 25325000 0 34300000 19502000 83866000 74241000 118166000 93743000 <div id="TextBlockContainer2456" style="position:relative;line-height:normal;width:674px;height:151px;"><div id="div_2453_XBRL_TS_14f28d177c6b4d58a4e96283f8c4d37e" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2454" style="position:relative;line-height:normal;width:674px;height:151px;"><div style="position:absolute; width:68.6px; height:1px; left:519px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:587.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.1px; height:1px; left:588.3px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:593.4px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:594.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:495.6px; height:1px; left:4px; top:29.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:68.6px; height:1px; left:519px; top:29.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:68.8px; height:1px; left:593.4px; top:29.9px; background-color:#407EC9; "> </div> <div id="TextContainer2454" style="position:relative;width:674px;z-index:1;font-size:13.28px;"><div id="a43331" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:556px;top:0px;">December 31, </div><div id="a43335" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:542px;top:18px;">2025 </div><div id="a43338" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:616px;top:18px;">2024 </div><div id="a43340" style="position:absolute;font-family:'Arial';font-weight:bold;left:7px;top:32px;">Weighted Average Remaining<div style="display:inline-block;width:5px;white-space:pre"> </div>Lease Term (Years) </div><div id="a43346" style="position:absolute;font-family:'Arial';left:25px;top:49px;">Finance leases </div><div id="a43349" style="position:absolute;font-family:'Arial';left:563px;top:49px;">3.2</div><div id="a43352" style="position:absolute;font-family:'Arial';left:651px;top:49px;-sec-ix-hidden:ID_809;">-</div><div id="a43354" style="position:absolute;font-family:'Arial';left:25px;top:66px;">Operating leases </div><div id="a43357" style="position:absolute;font-family:'Arial';left:563px;top:66px;">3.3</div><div id="a43360" style="position:absolute;font-family:'Arial';left:637px;top:66px;">4.3</div><div id="a43367" style="position:absolute;font-family:'Arial';font-weight:bold;left:7px;top:100px;">Weighted Average Discount<div style="display:inline-block;width:5px;white-space:pre"> </div>Rate </div><div id="a43373" style="position:absolute;font-family:'Arial';left:25px;top:117px;">Finance leases </div><div id="a43376" style="position:absolute;font-family:'Arial';left:547px;top:117px;display:flex;">10.8%</div><div id="a43379" style="position:absolute;font-family:'Arial';left:651px;top:117px;">-</div><div id="a43381" style="position:absolute;font-family:'Arial';left:25px;top:134px;">Operating leases </div><div id="a43384" style="position:absolute;font-family:'Arial';left:555px;top:134px;display:flex;">9.5%</div><div id="a43387" style="position:absolute;font-family:'Arial';left:629px;top:134px;display:flex;">9.3%</div></div></div></div></div> P3Y2M12D P3Y3M18D P4Y3M18D 0.108 0 0.095 0.093 P1Y P4Y <div id="TextBlockContainer2465" style="position:relative;line-height:normal;width:652px;height:166px;"><div id="div_2462_XBRL_TS_376d173eb85c4f9eaa449a1dc6cefe8e" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2463" style="position:relative;line-height:normal;width:652px;height:166px;"><div style="position:absolute; width:372.1px; height:1px; left:4px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:382.2px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:394.2px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.3px; height:1px; left:394.8px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:470.2px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:482.2px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.3px; height:1px; left:482.8px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:558.2px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:570.2px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.3px; height:1px; left:570.9px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:382.2px; top:110px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:394.2px; top:110px; background-color:#000000; "> </div> <div style="position:absolute; width:69.3px; height:1px; left:394.8px; top:110px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:470.2px; top:110px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:482.2px; top:110px; background-color:#000000; "> </div> <div style="position:absolute; width:69.3px; height:1px; left:482.8px; top:110px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:558.2px; top:110px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:570.2px; top:110px; background-color:#000000; "> </div> <div style="position:absolute; width:69.3px; height:1px; left:570.9px; top:110px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:382.2px; top:127.6px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:394.2px; top:127.6px; background-color:#000000; "> </div> <div style="position:absolute; width:69.3px; height:1px; left:394.8px; top:127.6px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:470.2px; top:127.6px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:482.2px; top:127.6px; background-color:#000000; "> </div> <div style="position:absolute; width:69.3px; height:1px; left:482.8px; top:127.6px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:558.2px; top:127.6px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:570.2px; top:127.6px; background-color:#000000; "> </div> <div style="position:absolute; width:69.3px; height:1px; left:570.9px; top:127.6px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:382.2px; top:145.2px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:394.2px; top:145.2px; background-color:#000000; "> </div> <div style="position:absolute; width:69.3px; height:1px; left:394.8px; top:145.2px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:470.2px; top:145.2px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:482.2px; top:145.2px; background-color:#000000; "> </div> <div style="position:absolute; width:69.3px; height:1px; left:482.8px; top:145.2px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:558.2px; top:145.2px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:570.2px; top:145.2px; background-color:#000000; "> </div> <div style="position:absolute; width:69.3px; height:1px; left:570.9px; top:145.2px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:381.2px; top:164.1px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:393.2px; top:164.1px; background-color:#000000; "> </div> <div style="position:absolute; width:68px; height:1px; left:396.1px; top:164.1px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:469.2px; top:164.1px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:481.2px; top:164.1px; background-color:#000000; "> </div> <div style="position:absolute; width:68px; height:1px; left:484.1px; top:164.1px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:557.3px; top:164.1px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:569.3px; top:164.1px; background-color:#000000; "> </div> <div style="position:absolute; width:68px; height:1px; left:572.1px; top:164.1px; background-color:#000000; "> </div> <div id="TextContainer2463" style="position:relative;width:652px;z-index:1;font-size:13.28px;"><div id="a43419" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:12px;">(US$ thousands) </div><div id="a43422" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:398px;top:0px;">Operating </div><div id="a43424" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:408px;top:12px;">Lease </div><div id="a43427" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:491px;top:0px;">Finance </div><div id="a43429" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:496px;top:12px;">Lease </div><div id="a43432" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:587px;top:12px;">Total </div><div id="a43434" style="position:absolute;font-family:'Arial';left:4px;top:27px;">Year ending<div style="display:inline-block;width:5px;white-space:pre"> </div>December 31, </div><div id="a43445" style="position:absolute;font-family:'Arial';left:13px;top:44px;">2026 </div><div id="a43448" style="position:absolute;font-family:'Arial';left:382px;top:44px;">$ </div><div id="a43450" style="position:absolute;font-family:'Arial';left:419px;top:44px;">33,599</div><div id="a43453" style="position:absolute;font-family:'Arial';left:470px;top:44px;">$ </div><div id="a43455" style="position:absolute;font-family:'Arial';left:507px;top:44px;">10,294</div><div id="a43458" style="position:absolute;font-family:'Arial';left:558px;top:44px;">$ </div><div id="a43460" style="position:absolute;font-family:'Arial';left:595px;top:44px;">43,893</div><div id="a43462" style="position:absolute;font-family:'Arial';left:13px;top:61px;">2027 </div><div id="a43466" style="position:absolute;font-family:'Arial';left:419px;top:61px;">32,204</div><div id="a43470" style="position:absolute;font-family:'Arial';left:515px;top:61px;">8,954</div><div id="a43474" style="position:absolute;font-family:'Arial';left:595px;top:61px;">41,158</div><div id="a43476" style="position:absolute;font-family:'Arial';left:13px;top:78px;">2028 </div><div id="a43480" style="position:absolute;font-family:'Arial';left:419px;top:78px;">28,756</div><div id="a43484" style="position:absolute;font-family:'Arial';left:515px;top:78px;">8,328</div><div id="a43488" style="position:absolute;font-family:'Arial';left:595px;top:78px;">37,084</div><div id="a43490" style="position:absolute;font-family:'Arial';left:13px;top:95px;">2029 </div><div id="a43494" style="position:absolute;font-family:'Arial';left:419px;top:95px;">13,162</div><div id="a43498" style="position:absolute;font-family:'Arial';left:515px;top:95px;">3,399</div><div id="a43502" style="position:absolute;font-family:'Arial';left:595px;top:95px;">16,561</div><div id="a43504" style="position:absolute;font-family:'Arial';left:13px;top:113px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>lease payments </div><div id="a43508" style="position:absolute;font-family:'Arial';left:412px;top:113px;">107,721</div><div id="a43512" style="position:absolute;font-family:'Arial';left:507px;top:113px;">30,975</div><div id="a43516" style="position:absolute;font-family:'Arial';left:588px;top:113px;">138,696</div><div id="a43518" style="position:absolute;font-family:'Arial';left:13px;top:130px;">Less imputed interest </div><div id="a43522" style="position:absolute;font-family:'Arial';left:415px;top:130px;display:flex;">(14,880)</div><div id="a43526" style="position:absolute;font-family:'Arial';left:510px;top:130px;display:flex;">(5,650)</div><div id="a43530" style="position:absolute;font-family:'Arial';left:591px;top:130px;display:flex;">(20,530)</div><div id="a43532" style="position:absolute;font-family:'Arial';left:31px;top:149px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>lease liability </div><div id="a43535" style="position:absolute;font-family:'Arial';left:382px;top:149px;">$ </div><div id="a43537" style="position:absolute;font-family:'Arial';left:419px;top:149px;">92,841</div><div id="a43540" style="position:absolute;font-family:'Arial';left:470px;top:149px;">$ </div><div id="a43542" style="position:absolute;font-family:'Arial';left:507px;top:149px;">25,325</div><div id="a43545" style="position:absolute;font-family:'Arial';left:558px;top:149px;">$ </div><div id="a43547" style="position:absolute;font-family:'Arial';left:588px;top:149px;">118,166</div></div></div></div></div> 33599000 10294000 43893000 32204000 8954000 41158000 28756000 8328000 37084000 13162000 3399000 16561000 107721000 30975000 138696000 14880000 5650000 20530000 92841000 25325000 118166000 <div id="TextBlockContainer2468" style="position:relative;line-height:normal;width:676px;height:284px;"><div id="TextContainer2468" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a43550" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">13.<div style="display:inline-block;width:5px;white-space:pre"> </div>Asset Retirement Obligations </div><div id="a43554" style="position:absolute;font-family:'Arial';left:5px;top:29px;">Reclamation of<div style="display:inline-block;width:6px;white-space:pre"> </div>areas disturbed<div style="display:inline-block;width:6px;white-space:pre"> </div>by mining<div style="display:inline-block;width:6px;white-space:pre"> </div>operations<div style="display:inline-block;width:5px;white-space:pre"> </div>must be<div style="display:inline-block;width:6px;white-space:pre"> </div>performed<div style="display:inline-block;width:5px;white-space:pre"> </div>by the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company in<div style="display:inline-block;width:6px;white-space:pre"> </div>accordance<div style="display:inline-block;width:5px;white-space:pre"> </div>with </div><div id="a43555" style="position:absolute;font-family:'Arial';left:5px;top:44px;">approved<div style="display:inline-block;width:5px;white-space:pre"> </div>reclamation<div style="display:inline-block;width:5px;white-space:pre"> </div>plans<div style="display:inline-block;width:5px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>compliance<div style="display:inline-block;width:5px;white-space:pre"> </div>with<div style="display:inline-block;width:5px;white-space:pre"> </div>state<div style="display:inline-block;width:5px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>federal<div style="display:inline-block;width:5px;white-space:pre"> </div>laws<div style="display:inline-block;width:5px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>states<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>West<div style="display:inline-block;width:5px;white-space:pre"> </div>Virginia<div style="display:inline-block;width:6px;white-space:pre"> </div>and </div><div id="a43556" style="position:absolute;font-family:'Arial';left:5px;top:59px;">Virginia<div style="display:inline-block;width:7px;white-space:pre"> </div>in<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>United<div style="display:inline-block;width:7px;white-space:pre"> </div>States<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>Queensland<div style="display:inline-block;width:7px;white-space:pre"> </div>in<div style="display:inline-block;width:7px;white-space:pre"> </div>Australia.<div style="display:inline-block;width:7px;white-space:pre"> </div>For<div style="display:inline-block;width:7px;white-space:pre"> </div>areas<div style="display:inline-block;width:7px;white-space:pre"> </div>disturbed,<div style="display:inline-block;width:7px;white-space:pre"> </div>reclamation<div style="display:inline-block;width:7px;white-space:pre"> </div>is<div style="display:inline-block;width:7px;white-space:pre"> </div>performed </div><div id="a43560" style="position:absolute;font-family:'Arial';left:5px;top:75px;">progressively,<div style="display:inline-block;width:6px;white-space:pre"> </div>however,<div style="display:inline-block;width:6px;white-space:pre"> </div>a<div style="display:inline-block;width:5px;white-space:pre"> </div>significant<div style="display:inline-block;width:5px;white-space:pre"> </div>amount<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>reclamation<div style="display:inline-block;width:6px;white-space:pre"> </div>will<div style="display:inline-block;width:5px;white-space:pre"> </div>take<div style="display:inline-block;width:5px;white-space:pre"> </div>place<div style="display:inline-block;width:6px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>future<div style="display:inline-block;width:5px;white-space:pre"> </div>when<div style="display:inline-block;width:6px;white-space:pre"> </div>operations </div><div id="a43562" style="position:absolute;font-family:'Arial';left:5px;top:90px;">cease. There were </div><div id="a43562_18_2" style="position:absolute;font-family:'Arial';left:120px;top:90px;">no</div><div id="a43562_20_94" style="position:absolute;font-family:'Arial';left:135px;top:90px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>assets that were<div style="display:inline-block;width:5px;white-space:pre"> </div>legally restricted for<div style="display:inline-block;width:5px;white-space:pre"> </div>purposes of settling asset<div style="display:inline-block;width:6px;white-space:pre"> </div>retirement obligations as </div><div id="a43564" style="position:absolute;font-family:'Arial';left:5px;top:105px;">of December 31,<div style="display:inline-block;width:5px;white-space:pre"> </div>2025 and 2024.<div style="display:inline-block;width:5px;white-space:pre"> </div>In addition, state<div style="display:inline-block;width:5px;white-space:pre"> </div>agencies monitor<div style="display:inline-block;width:5px;white-space:pre"> </div>compliance with the<div style="display:inline-block;width:5px;white-space:pre"> </div>mine plans, including </div><div id="a43567" style="position:absolute;font-family:'Arial';left:5px;top:121px;">reclamation. </div><div id="a43569" style="position:absolute;font-family:'Arial';left:5px;top:148px;">The Company records the fair value<div style="display:inline-block;width:2px;white-space:pre"> </div>of its asset retirement obligations using the present<div style="display:inline-block;width:2px;white-space:pre"> </div>value of projected future </div><div id="a43570" style="position:absolute;font-family:'Arial';left:5px;top:163px;">cash flows, with<div style="display:inline-block;width:5px;white-space:pre"> </div>an equivalent amount<div style="display:inline-block;width:5px;white-space:pre"> </div>recorded in the<div style="display:inline-block;width:5px;white-space:pre"> </div>related long lived<div style="display:inline-block;width:5px;white-space:pre"> </div>asset or a<div style="display:inline-block;width:5px;white-space:pre"> </div>change to the<div style="display:inline-block;width:5px;white-space:pre"> </div>Consolidated </div><div id="a43572" style="position:absolute;font-family:'Arial';left:5px;top:179px;">Statements<div style="display:inline-block;width:7px;white-space:pre"> </div>of<div style="display:inline-block;width:7px;white-space:pre"> </div>Operations<div style="display:inline-block;width:8px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>Comprehensive<div style="display:inline-block;width:8px;white-space:pre"> </div>Income<div style="display:inline-block;width:8px;white-space:pre"> </div>if<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>related<div style="display:inline-block;width:7px;white-space:pre"> </div>permit<div style="display:inline-block;width:7px;white-space:pre"> </div>is<div style="display:inline-block;width:7px;white-space:pre"> </div>closed.<div style="display:inline-block;width:7px;white-space:pre"> </div>An<div style="display:inline-block;width:7px;white-space:pre"> </div>accretion<div style="display:inline-block;width:7px;white-space:pre"> </div>cost, </div><div id="a43576" style="position:absolute;font-family:'Arial';left:5px;top:194px;">representing the increase<div style="display:inline-block;width:2px;white-space:pre"> </div>over time<div style="display:inline-block;width:2px;white-space:pre"> </div>in the present<div style="display:inline-block;width:2px;white-space:pre"> </div>value of<div style="display:inline-block;width:2px;white-space:pre"> </div>the liability, is recorded<div style="display:inline-block;width:2px;white-space:pre"> </div>each period and<div style="display:inline-block;width:2px;white-space:pre"> </div>the capitalized </div><div id="a43578" style="position:absolute;font-family:'Arial';left:5px;top:209px;">cost<div style="display:inline-block;width:6px;white-space:pre"> </div>is<div style="display:inline-block;width:6px;white-space:pre"> </div>depreciated<div style="display:inline-block;width:6px;white-space:pre"> </div>over<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>useful<div style="display:inline-block;width:6px;white-space:pre"> </div>life<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>related<div style="display:inline-block;width:6px;white-space:pre"> </div>asset.<div style="display:inline-block;width:6px;white-space:pre"> </div>As<div style="display:inline-block;width:6px;white-space:pre"> </div>reclamation<div style="display:inline-block;width:6px;white-space:pre"> </div>work<div style="display:inline-block;width:7px;white-space:pre"> </div>is<div style="display:inline-block;width:6px;white-space:pre"> </div>performed<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:6px;white-space:pre"> </div>liabilities </div><div id="a43584" style="position:absolute;font-family:'Arial';left:5px;top:225px;">otherwise settled, the recorded amount of the liability<div style="display:inline-block;width:5px;white-space:pre"> </div>is reduced. </div><div id="a43586" style="position:absolute;font-family:'Arial';left:5px;top:252px;">Changes in the Company’s asset retirement obligations<div style="display:inline-block;width:5px;white-space:pre"> </div>for the years ended December 31, 2025 and December </div><div id="a43589" style="position:absolute;font-family:'Arial';left:5px;top:267px;">31, 2024 were as follows:</div></div></div><div id="TextBlockContainer2472" style="position:relative;line-height:normal;width:668px;height:217px;"><div style="position:absolute; width:482.2px; height:1px; left:1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:148.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:148.8px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:148.8px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:148.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:148.8px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:148.8px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:183.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:183.5px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:183.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:183.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:183.5px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:183.5px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:488.1px; top:214.9px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:500.1px; top:214.9px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:503px; top:214.9px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:576.2px; top:214.9px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:588.2px; top:214.9px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:591.1px; top:214.9px; background-color:#000000; "> </div> <div id="TextContainer2472" style="position:relative;width:668px;z-index:1;font-size:13.28px;"><div id="a43591" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:0px;">(US$ thousands) </div><div id="a43594" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:519px;top:0px;">2025 </div><div id="a43597" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:607px;top:0px;">2024 </div><div id="a43599" style="position:absolute;font-family:'Arial';left:4px;top:15px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>asset retirement obligations at beginning of the year </div><div id="a43602" style="position:absolute;font-family:'Arial';left:492px;top:15px;">$ </div><div id="a43604" style="position:absolute;font-family:'Arial';left:517px;top:15px;">164,798</div><div id="a43607" style="position:absolute;font-family:'Arial';left:580px;top:15px;">$ </div><div id="a43609" style="position:absolute;font-family:'Arial';left:605px;top:15px;">163,929</div><div id="a43611" style="position:absolute;font-family:'Arial';left:4px;top:32px;">ARO liability relating to mining assets and development<div style="display:inline-block;width:5px;white-space:pre"> </div>properties disposed </div><div id="a43615" style="position:absolute;font-family:'Arial';left:527px;top:32px;display:flex;">(8,202)</div><div id="a43619" style="position:absolute;font-family:'Arial';left:639px;top:32px;">—</div><div id="a43621" style="position:absolute;font-family:'Arial';left:4px;top:49px;">ARO liability additions - new disturbances </div><div id="a43628" style="position:absolute;font-family:'Arial';left:543px;top:49px;">669</div><div id="a43632" style="position:absolute;font-family:'Arial';left:619px;top:49px;">1,997</div><div id="a43634" style="position:absolute;font-family:'Arial';left:4px;top:66px;">Accretion </div><div id="a43638" style="position:absolute;font-family:'Arial';left:524px;top:66px;">13,505</div><div id="a43642" style="position:absolute;font-family:'Arial';left:612px;top:66px;">15,324</div><div id="a43644" style="position:absolute;font-family:'Arial';left:4px;top:83px;">Reclamation performed in the year </div><div id="a43648" style="position:absolute;font-family:'Arial';left:527px;top:83px;display:flex;">(5,106)</div><div id="a43652" style="position:absolute;font-family:'Arial';left:615px;top:83px;display:flex;">(9,724)</div><div id="a43654" style="position:absolute;font-family:'Arial';left:4px;top:100px;">Change in estimate recorded to operations </div><div id="a43658" style="position:absolute;font-family:'Arial';left:527px;top:100px;display:flex;">(2,009)</div><div id="a43662" style="position:absolute;font-family:'Arial';left:615px;top:100px;display:flex;">(3,523)</div><div id="a43664" style="position:absolute;font-family:'Arial';left:4px;top:117px;">Change in estimate recorded to assets </div><div id="a43668" style="position:absolute;font-family:'Arial';left:519px;top:117px;display:flex;">(17,326)</div><div id="a43672" style="position:absolute;font-family:'Arial';left:619px;top:117px;">5,937</div><div id="a43674" style="position:absolute;font-family:'Arial';left:4px;top:134px;">Foreign currency translation adjustment </div><div id="a43678" style="position:absolute;font-family:'Arial';left:531px;top:134px;">8,037</div><div id="a43682" style="position:absolute;font-family:'Arial';left:615px;top:134px;display:flex;">(9,142)</div><div id="a43684" style="position:absolute;font-family:'Arial';left:4px;top:151px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>asset retirement obligations at end of the year </div><div id="a43688" style="position:absolute;font-family:'Arial';left:517px;top:151px;">154,366</div><div id="a43692" style="position:absolute;font-family:'Arial';left:605px;top:151px;">164,798</div><div id="a43694" style="position:absolute;font-family:'Arial';left:4px;top:168px;">Less current portion </div><div id="a43698" style="position:absolute;font-family:'Arial';left:519px;top:168px;display:flex;">(10,978)</div><div id="a43702" style="position:absolute;font-family:'Arial';left:607px;top:168px;display:flex;">(15,523)</div><div id="a43704" style="position:absolute;font-family:'Arial';left:4px;top:184px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>asset retirement obligations, excluding current portion, at the<div style="display:inline-block;width:5px;white-space:pre"> </div>end of the </div><div id="a43705" style="position:absolute;font-family:'Arial';left:4px;top:200px;">year </div><div id="a43708" style="position:absolute;font-family:'Arial';left:492px;top:200px;">$ </div><div id="a43710" style="position:absolute;font-family:'Arial';left:517px;top:200px;">143,388</div><div id="a43713" style="position:absolute;font-family:'Arial';left:580px;top:200px;">$ </div><div id="a43715" style="position:absolute;font-family:'Arial';left:605px;top:200px;">149,275</div></div></div> 0 0 <div id="TextBlockContainer2474" style="position:relative;line-height:normal;width:668px;height:217px;"><div id="div_2471_XBRL_TS_000b1d93350c42cbb57ead5a9db1c16d" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2472" style="position:relative;line-height:normal;width:668px;height:217px;"><div style="position:absolute; width:482.2px; height:1px; left:1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:148.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:148.8px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:148.8px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:148.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:148.8px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:148.8px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:183.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:183.5px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:183.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:183.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:183.5px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:183.5px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:488.1px; top:214.9px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:500.1px; top:214.9px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:503px; top:214.9px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:576.2px; top:214.9px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:588.2px; top:214.9px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:591.1px; top:214.9px; background-color:#000000; "> </div> <div id="TextContainer2472" style="position:relative;width:668px;z-index:1;font-size:13.28px;"><div id="a43591" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:0px;">(US$ thousands) </div><div id="a43594" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:519px;top:0px;">2025 </div><div id="a43597" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:607px;top:0px;">2024 </div><div id="a43599" style="position:absolute;font-family:'Arial';left:4px;top:15px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>asset retirement obligations at beginning of the year </div><div id="a43602" style="position:absolute;font-family:'Arial';left:492px;top:15px;">$ </div><div id="a43604" style="position:absolute;font-family:'Arial';left:517px;top:15px;">164,798</div><div id="a43607" style="position:absolute;font-family:'Arial';left:580px;top:15px;">$ </div><div id="a43609" style="position:absolute;font-family:'Arial';left:605px;top:15px;">163,929</div><div id="a43611" style="position:absolute;font-family:'Arial';left:4px;top:32px;">ARO liability relating to mining assets and development<div style="display:inline-block;width:5px;white-space:pre"> </div>properties disposed </div><div id="a43615" style="position:absolute;font-family:'Arial';left:527px;top:32px;display:flex;">(8,202)</div><div id="a43619" style="position:absolute;font-family:'Arial';left:639px;top:32px;">—</div><div id="a43621" style="position:absolute;font-family:'Arial';left:4px;top:49px;">ARO liability additions - new disturbances </div><div id="a43628" style="position:absolute;font-family:'Arial';left:543px;top:49px;">669</div><div id="a43632" style="position:absolute;font-family:'Arial';left:619px;top:49px;">1,997</div><div id="a43634" style="position:absolute;font-family:'Arial';left:4px;top:66px;">Accretion </div><div id="a43638" style="position:absolute;font-family:'Arial';left:524px;top:66px;">13,505</div><div id="a43642" style="position:absolute;font-family:'Arial';left:612px;top:66px;">15,324</div><div id="a43644" style="position:absolute;font-family:'Arial';left:4px;top:83px;">Reclamation performed in the year </div><div id="a43648" style="position:absolute;font-family:'Arial';left:527px;top:83px;display:flex;">(5,106)</div><div id="a43652" style="position:absolute;font-family:'Arial';left:615px;top:83px;display:flex;">(9,724)</div><div id="a43654" style="position:absolute;font-family:'Arial';left:4px;top:100px;">Change in estimate recorded to operations </div><div id="a43658" style="position:absolute;font-family:'Arial';left:527px;top:100px;display:flex;">(2,009)</div><div id="a43662" style="position:absolute;font-family:'Arial';left:615px;top:100px;display:flex;">(3,523)</div><div id="a43664" style="position:absolute;font-family:'Arial';left:4px;top:117px;">Change in estimate recorded to assets </div><div id="a43668" style="position:absolute;font-family:'Arial';left:519px;top:117px;display:flex;">(17,326)</div><div id="a43672" style="position:absolute;font-family:'Arial';left:619px;top:117px;">5,937</div><div id="a43674" style="position:absolute;font-family:'Arial';left:4px;top:134px;">Foreign currency translation adjustment </div><div id="a43678" style="position:absolute;font-family:'Arial';left:531px;top:134px;">8,037</div><div id="a43682" style="position:absolute;font-family:'Arial';left:615px;top:134px;display:flex;">(9,142)</div><div id="a43684" style="position:absolute;font-family:'Arial';left:4px;top:151px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>asset retirement obligations at end of the year </div><div id="a43688" style="position:absolute;font-family:'Arial';left:517px;top:151px;">154,366</div><div id="a43692" style="position:absolute;font-family:'Arial';left:605px;top:151px;">164,798</div><div id="a43694" style="position:absolute;font-family:'Arial';left:4px;top:168px;">Less current portion </div><div id="a43698" style="position:absolute;font-family:'Arial';left:519px;top:168px;display:flex;">(10,978)</div><div id="a43702" style="position:absolute;font-family:'Arial';left:607px;top:168px;display:flex;">(15,523)</div><div id="a43704" style="position:absolute;font-family:'Arial';left:4px;top:184px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>asset retirement obligations, excluding current portion, at the<div style="display:inline-block;width:5px;white-space:pre"> </div>end of the </div><div id="a43705" style="position:absolute;font-family:'Arial';left:4px;top:200px;">year </div><div id="a43708" style="position:absolute;font-family:'Arial';left:492px;top:200px;">$ </div><div id="a43710" style="position:absolute;font-family:'Arial';left:517px;top:200px;">143,388</div><div id="a43713" style="position:absolute;font-family:'Arial';left:580px;top:200px;">$ </div><div id="a43715" style="position:absolute;font-family:'Arial';left:605px;top:200px;">149,275</div></div></div></div></div> 164798000 163929000 -8202000 0 669000 1997000 13505000 15324000 5106000 9724000 2009000 3523000 -17326000 5937000 8037000 -9142000 154366000 164798000 10978000 15523000 143388000 149275000 <div id="TextBlockContainer2477" style="position:relative;line-height:normal;width:560px;height:45px;"><div id="TextContainer2477" style="position:relative;width:560px;z-index:1;font-size:13.28px;"><div id="a43730" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">14. Contract Obligations </div><div id="a43734" style="position:absolute;font-family:'Arial';left:5px;top:29px;">The following is a summary of the Company’s<div style="display:inline-block;width:5px;white-space:pre"> </div>contract obligations as of December 31, 2025:</div></div></div><div id="TextBlockContainer2483" style="position:relative;line-height:normal;width:667px;height:101px;"><div id="div_2480_XBRL_TS_49dc3d385bfb4a24b7af6da19dbbd264" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2481" style="position:relative;line-height:normal;width:667px;height:101px;"><div style="position:absolute; width:394.2px; height:1px; left:4px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:404.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:416.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:416.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:404.1px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:416.1px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:416.7px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:403.1px; top:99.5px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:415.1px; top:99.5px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:418px; top:99.5px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:491.1px; top:99.5px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:503.1px; top:99.5px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:506px; top:99.5px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:579.2px; top:99.5px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:591.2px; top:99.5px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:594.1px; top:99.5px; background-color:#000000; "> </div> <div id="TextContainer2481" style="position:relative;width:667px;z-index:1;font-size:13.28px;"><div id="a43740" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:7px;top:0px;">(US$ thousands) </div><div id="a43743" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:418px;top:0px;">Short-term </div><div id="a43748" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:507px;top:0px;">Long-term </div><div id="a43753" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:608px;top:0px;">Total </div><div id="a43755" style="position:absolute;font-family:'Arial';left:7px;top:15px;">Coal leases contract liability </div><div id="a43758" style="position:absolute;font-family:'Arial';left:407px;top:15px;">$ </div><div id="a43760" style="position:absolute;font-family:'Arial';left:457px;top:15px;">843</div><div id="a43763" style="position:absolute;font-family:'Arial';left:495px;top:15px;">$ </div><div id="a43765" style="position:absolute;font-family:'Arial';left:527px;top:15px;">18,818</div><div id="a43768" style="position:absolute;font-family:'Arial';left:583px;top:15px;">$ </div><div id="a43770" style="position:absolute;font-family:'Arial';left:615px;top:15px;">19,661</div><div id="a43772" style="position:absolute;font-family:'Arial';left:7px;top:32px;">Stanwell below-market coal supply agreement </div><div id="a43778" style="position:absolute;font-family:'Arial';left:439px;top:32px;">21,602</div><div id="a43782" style="position:absolute;font-family:'Arial';left:534px;top:32px;">2,355</div><div id="a43786" style="position:absolute;font-family:'Arial';left:615px;top:32px;">23,957</div><div id="a43788" style="position:absolute;font-family:'Arial';left:7px;top:49px;">Stanwell deferred consideration liability </div><div id="a43792" style="position:absolute;font-family:'Arial';left:466px;top:49px;">—</div><div id="a43796" style="position:absolute;font-family:'Arial';left:519px;top:49px;">346,768</div><div id="a43800" style="position:absolute;font-family:'Arial';left:607px;top:49px;">346,768</div><div id="a43802" style="position:absolute;font-family:'Arial';left:7px;top:66px;">Stanwell prepaid coal supply liability </div><div id="a43806" style="position:absolute;font-family:'Arial';left:466px;top:66px;">—</div><div id="a43810" style="position:absolute;font-family:'Arial';left:519px;top:66px;">155,027</div><div id="a43814" style="position:absolute;font-family:'Arial';left:607px;top:66px;">155,027</div><div id="a43818" style="position:absolute;font-family:'Arial';left:407px;top:84px;">$ </div><div id="a43820" style="position:absolute;font-family:'Arial';left:439px;top:84px;">22,445</div><div id="a43823" style="position:absolute;font-family:'Arial';left:495px;top:84px;">$ </div><div id="a43825" style="position:absolute;font-family:'Arial';left:519px;top:84px;">522,968</div><div id="a43828" style="position:absolute;font-family:'Arial';left:583px;top:84px;">$ </div><div id="a43830" style="position:absolute;font-family:'Arial';left:607px;top:84px;">545,413</div></div></div></div></div><div id="TextBlockContainer2486" style="position:relative;line-height:normal;width:560px;height:17px;"><div id="TextContainer2486" style="position:relative;width:560px;z-index:1;font-size:13.28px;"><div id="a43832" style="position:absolute;font-family:'Arial';left:5px;top:0px;">The following is a summary of the Company’s<div style="display:inline-block;width:5px;white-space:pre"> </div>contract obligations as of December 31, 2024:</div></div></div><div id="TextBlockContainer2490" style="position:relative;line-height:normal;width:667px;height:84px;"><div style="position:absolute; width:394.2px; height:1px; left:4px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:404.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:416.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:416.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:404.1px; top:63.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:416.1px; top:63.8px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:416.7px; top:63.8px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:63.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:63.8px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:63.8px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:63.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:63.8px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:63.8px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:403.1px; top:82.5px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:415.1px; top:82.5px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:418px; top:82.5px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:491.1px; top:82.5px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:503.1px; top:82.5px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:506px; top:82.5px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:579.2px; top:82.5px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:591.2px; top:82.5px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:594.1px; top:82.5px; background-color:#000000; "> </div> <div id="TextContainer2490" style="position:relative;width:667px;z-index:1;font-size:13.28px;"><div id="a43839" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:7px;top:0px;">(US$ thousands) </div><div id="a43842" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:418px;top:0px;">Short-term </div><div id="a43847" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:507px;top:0px;">Long-term </div><div id="a43852" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:608px;top:0px;">Total </div><div id="a43854" style="position:absolute;font-family:'Arial';left:7px;top:15px;">Coal leases contract liability </div><div id="a43857" style="position:absolute;font-family:'Arial';left:407px;top:15px;">$ </div><div id="a43859" style="position:absolute;font-family:'Arial';left:457px;top:15px;">843</div><div id="a43862" style="position:absolute;font-family:'Arial';left:495px;top:15px;">$ </div><div id="a43864" style="position:absolute;font-family:'Arial';left:527px;top:15px;">19,156</div><div id="a43867" style="position:absolute;font-family:'Arial';left:583px;top:15px;">$ </div><div id="a43869" style="position:absolute;font-family:'Arial';left:615px;top:15px;">19,999</div><div id="a43871" style="position:absolute;font-family:'Arial';left:7px;top:32px;">Stanwell below-market coal supply agreement </div><div id="a43877" style="position:absolute;font-family:'Arial';left:439px;top:32px;">36,247</div><div id="a43881" style="position:absolute;font-family:'Arial';left:534px;top:32px;">8,616</div><div id="a43885" style="position:absolute;font-family:'Arial';left:615px;top:32px;">44,863</div><div id="a43887" style="position:absolute;font-family:'Arial';left:7px;top:49px;">Stanwell deferred consideration liability </div><div id="a43891" style="position:absolute;font-family:'Arial';left:466px;top:49px;">—</div><div id="a43895" style="position:absolute;font-family:'Arial';left:519px;top:49px;">285,050</div><div id="a43899" style="position:absolute;font-family:'Arial';left:607px;top:49px;">285,050</div><div id="a43903" style="position:absolute;font-family:'Arial';left:407px;top:67px;">$ </div><div id="a43905" style="position:absolute;font-family:'Arial';left:439px;top:67px;">37,090</div><div id="a43908" style="position:absolute;font-family:'Arial';left:495px;top:67px;">$ </div><div id="a43910" style="position:absolute;font-family:'Arial';left:519px;top:67px;">312,822</div><div id="a43913" style="position:absolute;font-family:'Arial';left:583px;top:67px;">$ </div><div id="a43915" style="position:absolute;font-family:'Arial';left:607px;top:67px;">349,912</div></div></div><div id="TextBlockContainer2495" style="position:relative;line-height:normal;width:676px;height:629px;"><div id="TextContainer2495" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a43918" style="position:absolute;font-family:'Arial';font-style:italic;left:5px;top:0px;">Coal leases contract liability </div><div id="a43920" style="position:absolute;font-family:'Arial';left:5px;top:29px;">In<div style="display:inline-block;width:5px;white-space:pre"> </div>connection<div style="display:inline-block;width:6px;white-space:pre"> </div>with<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>acquisition<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Logan<div style="display:inline-block;width:6px;white-space:pre"> </div>assets,<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company<div style="display:inline-block;width:6px;white-space:pre"> </div>assumed<div style="display:inline-block;width:6px;white-space:pre"> </div>certain<div style="display:inline-block;width:6px;white-space:pre"> </div>non-market<div style="display:inline-block;width:6px;white-space:pre"> </div>contracts </div><div id="a43923" style="position:absolute;font-family:'Arial';left:5px;top:44px;">related to various<div style="display:inline-block;width:5px;white-space:pre"> </div>coal leases.<div style="display:inline-block;width:5px;white-space:pre"> </div>The non-market<div style="display:inline-block;width:5px;white-space:pre"> </div>coal leases<div style="display:inline-block;width:5px;white-space:pre"> </div>require royalty<div style="display:inline-block;width:5px;white-space:pre"> </div>payments based on<div style="display:inline-block;width:6px;white-space:pre"> </div>a percentage<div style="display:inline-block;width:5px;white-space:pre"> </div>of </div><div id="a43926" style="position:absolute;font-family:'Arial';left:5px;top:59px;">the<div style="display:inline-block;width:7px;white-space:pre"> </div>realization<div style="display:inline-block;width:8px;white-space:pre"> </div>from<div style="display:inline-block;width:8px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>sale<div style="display:inline-block;width:8px;white-space:pre"> </div>of<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>respective<div style="display:inline-block;width:8px;white-space:pre"> </div>coal<div style="display:inline-block;width:8px;white-space:pre"> </div>under<div style="display:inline-block;width:7px;white-space:pre"> </div>lease.<div style="display:inline-block;width:8px;white-space:pre"> </div>On<div style="display:inline-block;width:8px;white-space:pre"> </div>acquisition,<div style="display:inline-block;width:8px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>Company<div style="display:inline-block;width:8px;white-space:pre"> </div>recorded </div><div id="a43928" style="position:absolute;font-family:'Arial';left:5px;top:75px;">$</div><div id="a43928_1_4" style="position:absolute;font-family:'Arial';left:12px;top:75px;">27.3</div><div id="a43928_5_111" style="position:absolute;font-family:'Arial';left:38px;top:75px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million related to the non-market<div style="display:inline-block;width:5px;white-space:pre"> </div>portion of the coal leases<div style="display:inline-block;width:5px;white-space:pre"> </div>and is amortizing it ratably<div style="display:inline-block;width:5px;white-space:pre"> </div>over the respective </div><div id="a43933" style="position:absolute;font-family:'Arial';left:5px;top:90px;">estimated coal reserves as they are mined and sold. </div><div id="a43935" style="position:absolute;font-family:'Arial';font-style:italic;left:5px;top:119px;">Stanwell below market coal supply agreements </div><div id="a43937" style="position:absolute;font-family:'Arial';left:5px;top:147px;">In connection with<div style="display:inline-block;width:2px;white-space:pre"> </div>the acquisition of<div style="display:inline-block;width:2px;white-space:pre"> </div>Curragh, the Company<div style="display:inline-block;width:2px;white-space:pre"> </div>assumed a below-market coal<div style="display:inline-block;width:2px;white-space:pre"> </div>supply agreement with </div><div id="a43950" style="position:absolute;font-family:'Arial';left:5px;top:163px;">Stanwell, which<div style="display:inline-block;width:5px;white-space:pre"> </div>had a fixed<div style="display:inline-block;width:6px;white-space:pre"> </div>pricing component<div style="display:inline-block;width:5px;white-space:pre"> </div>that was<div style="display:inline-block;width:5px;white-space:pre"> </div>below the<div style="display:inline-block;width:5px;white-space:pre"> </div>market price at<div style="display:inline-block;width:6px;white-space:pre"> </div>the date of<div style="display:inline-block;width:6px;white-space:pre"> </div>acquisition. As<div style="display:inline-block;width:5px;white-space:pre"> </div>a </div><div id="a43952" style="position:absolute;font-family:'Arial';left:5px;top:178px;">result,<div style="display:inline-block;width:8px;white-space:pre"> </div>on<div style="display:inline-block;width:7px;white-space:pre"> </div>acquisition,<div style="display:inline-block;width:8px;white-space:pre"> </div>the<div style="display:inline-block;width:8px;white-space:pre"> </div>Company<div style="display:inline-block;width:7px;white-space:pre"> </div>recorded<div style="display:inline-block;width:8px;white-space:pre"> </div>a<div style="display:inline-block;width:7px;white-space:pre"> </div>liability<div style="display:inline-block;width:8px;white-space:pre"> </div>of<div style="display:inline-block;width:7px;white-space:pre"> </div>$</div><div id="a43952_61_5" style="position:absolute;font-family:'Arial';left:384px;top:178px;">307.0</div><div id="a43952_66_12" style="position:absolute;font-family:'Arial';left:417px;top:178px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million<div style="display:inline-block;width:7px;white-space:pre"> </div>(A$</div><div id="a43952_78_5" style="position:absolute;font-family:'Arial';left:487px;top:178px;">400.0</div><div id="a43952_83_25" style="position:absolute;font-family:'Arial';left:520px;top:178px;"><div style="display:inline-block;width:7px;white-space:pre"> </div>million)<div style="display:inline-block;width:8px;white-space:pre"> </div>related<div style="display:inline-block;width:8px;white-space:pre"> </div>to<div style="display:inline-block;width:7px;white-space:pre"> </div>the </div><div id="a43955" style="position:absolute;font-family:'Arial';left:5px;top:193px;">unfavorable pricing of the<div style="display:inline-block;width:5px;white-space:pre"> </div>Stanwell coal supply agreement<div style="display:inline-block;width:6px;white-space:pre"> </div>and is amortizing it<div style="display:inline-block;width:5px;white-space:pre"> </div>ratably as the base<div style="display:inline-block;width:5px;white-space:pre"> </div>tons are sold </div><div id="a43966" style="position:absolute;font-family:'Arial';left:5px;top:209px;">pursuant to the contract. The<div style="display:inline-block;width:2px;white-space:pre"> </div>amortization of this liability for<div style="display:inline-block;width:2px;white-space:pre"> </div>the years ended December 31,<div style="display:inline-block;width:2px;white-space:pre"> </div>2025, 2024 and 2023 </div><div id="a43975" style="position:absolute;font-family:'Arial';left:5px;top:224px;">was<div style="display:inline-block;width:5px;white-space:pre"> </div>$</div><div id="a43975_5_4" style="position:absolute;font-family:'Arial';left:41px;top:224px;">23.4</div><div id="a43975_9_11" style="position:absolute;font-family:'Arial';left:67px;top:224px;"><div style="display:inline-block;width:5px;white-space:pre"> </div>million,<div style="display:inline-block;width:5px;white-space:pre"> </div>$</div><div id="a43975_20_4" style="position:absolute;font-family:'Arial';left:126px;top:224px;">31.1</div><div id="a43975_24_14" style="position:absolute;font-family:'Arial';left:152px;top:224px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million<div style="display:inline-block;width:5px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>$</div><div id="a43975_38_4" style="position:absolute;font-family:'Arial';left:233px;top:224px;">32.8</div><div id="a43975_42_68" style="position:absolute;font-family:'Arial';left:259px;top:224px;"><div style="display:inline-block;width:5px;white-space:pre"> </div>million,<div style="display:inline-block;width:5px;white-space:pre"> </div>respectively,<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>was<div style="display:inline-block;width:5px;white-space:pre"> </div>recorded<div style="display:inline-block;width:5px;white-space:pre"> </div>as<div style="display:inline-block;width:5px;white-space:pre"> </div>“Other<div style="display:inline-block;width:5px;white-space:pre"> </div>revenues”<div style="display:inline-block;width:5px;white-space:pre"> </div>in the </div><div id="a43990" style="position:absolute;font-family:'Arial';left:5px;top:239px;">Consolidated Statements of Operations and Comprehensive<div style="display:inline-block;width:5px;white-space:pre"> </div>Income. </div><div id="a43992" style="position:absolute;font-family:'Arial';font-style:italic;left:5px;top:268px;">Stanwell deferred consideration liability </div><div id="a43994" style="position:absolute;font-family:'Arial';left:5px;top:297px;">On August 14, 2018, the Company completed the acquisition of rights to mine in the Stanwell Reserved Area, or </div><div id="a44002" style="position:absolute;font-family:'Arial';left:5px;top:312px;">the<div style="display:inline-block;width:7px;white-space:pre"> </div>SRA,<div style="display:inline-block;width:8px;white-space:pre"> </div>adjacent<div style="display:inline-block;width:8px;white-space:pre"> </div>to<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>current<div style="display:inline-block;width:7px;white-space:pre"> </div>Curragh<div style="display:inline-block;width:8px;white-space:pre"> </div>mining<div style="display:inline-block;width:8px;white-space:pre"> </div>tenements.<div style="display:inline-block;width:8px;white-space:pre"> </div>These<div style="display:inline-block;width:8px;white-space:pre"> </div>rights<div style="display:inline-block;width:8px;white-space:pre"> </div>were<div style="display:inline-block;width:7px;white-space:pre"> </div>acquired<div style="display:inline-block;width:8px;white-space:pre"> </div>on<div style="display:inline-block;width:8px;white-space:pre"> </div>a<div style="display:inline-block;width:7px;white-space:pre"> </div>deferred </div><div id="a44005" style="position:absolute;font-family:'Arial';left:5px;top:327px;">consideration<div style="display:inline-block;width:5px;white-space:pre"> </div>basis,<div style="display:inline-block;width:5px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>on<div style="display:inline-block;width:5px;white-space:pre"> </div>acquisition<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company<div style="display:inline-block;width:5px;white-space:pre"> </div>recognized<div style="display:inline-block;width:5px;white-space:pre"> </div>a “Mineral<div style="display:inline-block;width:6px;white-space:pre"> </div>rights<div style="display:inline-block;width:5px;white-space:pre"> </div>and reserves”<div style="display:inline-block;width:7px;white-space:pre"> </div>asset<div style="display:inline-block;width:5px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>a </div><div id="a44009" style="position:absolute;font-family:'Arial';left:5px;top:343px;">corresponding deferred consideration liability of<div style="display:inline-block;width:2px;white-space:pre"> </div>$</div><div id="a44009_51_5" style="position:absolute;font-family:'Arial';left:293px;top:343px;">155.2</div><div id="a44009_56_12" style="position:absolute;font-family:'Arial';left:326px;top:343px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million (A$</div><div id="a44009_68_5" style="position:absolute;font-family:'Arial';left:392px;top:343px;">210.0</div><div id="a44009_73_44" style="position:absolute;font-family:'Arial';left:425px;top:343px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>million), calculated using the<div style="display:inline-block;width:2px;white-space:pre"> </div>contractual </div><div id="a44012" style="position:absolute;font-family:'Arial';left:5px;top:358px;">pre-tax discount rate of </div><div id="a44012_25_2" style="position:absolute;font-family:'Arial';left:145px;top:358px;">13</div><div id="a44012_27_87" style="position:absolute;font-family:'Arial';left:160px;top:358px;">%, which represented the fair value of the arrangement at the date of acquisition.<div style="display:inline-block;width:5px;white-space:pre"> </div>The </div><div id="a44019" style="position:absolute;font-family:'Arial';left:5px;top:373px;">deferred consideration liability reflects the passage<div style="display:inline-block;width:5px;white-space:pre"> </div>of time by way of an annual accretion<div style="display:inline-block;width:5px;white-space:pre"> </div>at the contractual pre-</div><div id="a44023" style="position:absolute;font-family:'Arial';left:5px;top:389px;">tax discount rate<div style="display:inline-block;width:5px;white-space:pre"> </div>of </div><div id="a44023_21_2" style="position:absolute;font-family:'Arial';left:123px;top:389px;">13</div><div id="a44023_23_91" style="position:absolute;font-family:'Arial';left:138px;top:389px;">% and will<div style="display:inline-block;width:5px;white-space:pre"> </div>be settled as<div style="display:inline-block;width:5px;white-space:pre"> </div>a discount to<div style="display:inline-block;width:5px;white-space:pre"> </div>the price of<div style="display:inline-block;width:5px;white-space:pre"> </div>thermal coal<div style="display:inline-block;width:5px;white-space:pre"> </div>supplied to<div style="display:inline-block;width:5px;white-space:pre"> </div>Stanwell over </div><div id="a44025" style="position:absolute;font-family:'Arial';left:5px;top:404px;">the term of a<div style="display:inline-block;width:2px;white-space:pre"> </div>New Coal Supply Agreement which is expected<div style="display:inline-block;width:2px;white-space:pre"> </div>to commence in the first half<div style="display:inline-block;width:2px;white-space:pre"> </div>of 2027. The accretion </div><div id="a44028" style="position:absolute;font-family:'Arial';left:5px;top:419px;">of the deferred consideration liability is recognized within “Interest expense, net” in the Consolidated Statements </div><div id="a44031" style="position:absolute;font-family:'Arial';left:5px;top:435px;">of Operations<div style="display:inline-block;width:6px;white-space:pre"> </div>and Comprehensive<div style="display:inline-block;width:6px;white-space:pre"> </div>Income. The<div style="display:inline-block;width:6px;white-space:pre"> </div>right-to-mine-asset<div style="display:inline-block;width:5px;white-space:pre"> </div>is amortized<div style="display:inline-block;width:6px;white-space:pre"> </div>over the<div style="display:inline-block;width:5px;white-space:pre"> </div>coal reserves<div style="display:inline-block;width:6px;white-space:pre"> </div>mined </div><div id="a44042" style="position:absolute;font-family:'Arial';left:5px;top:450px;">from the SRA. </div><div id="a44045" style="position:absolute;font-family:'Arial';font-style:italic;left:5px;top:479px;">Stanwell prepaid coal supply liability </div><div id="a44055" style="position:absolute;font-family:'Arial';left:5px;top:507px;">On June 10, 2025, the Company and<div style="display:inline-block;width:5px;white-space:pre"> </div>Stanwell entered into a deed of amendment<div style="display:inline-block;width:1px;white-space:pre"> </div>,<div style="display:inline-block;width:4px;white-space:pre"> </div>or the First Amendment, and </div><div id="a44062" style="position:absolute;font-family:'Arial';left:5px;top:523px;">amended<div style="display:inline-block;width:8px;white-space:pre"> </div>the<div style="display:inline-block;width:8px;white-space:pre"> </div>New<div style="display:inline-block;width:8px;white-space:pre"> </div>Coal<div style="display:inline-block;width:8px;white-space:pre"> </div>Supply<div style="display:inline-block;width:8px;white-space:pre"> </div>Agreement<div style="display:inline-block;width:8px;white-space:pre"> </div>dated<div style="display:inline-block;width:8px;white-space:pre"> </div>July<div style="display:inline-block;width:8px;white-space:pre"> </div>12,<div style="display:inline-block;width:8px;white-space:pre"> </div>2019,<div style="display:inline-block;width:8px;white-space:pre"> </div>or<div style="display:inline-block;width:8px;white-space:pre"> </div>NCSA,<div style="display:inline-block;width:8px;white-space:pre"> </div>whereby<div style="display:inline-block;width:8px;white-space:pre"> </div>Stanwell<div style="display:inline-block;width:8px;white-space:pre"> </div>provided </div><div id="a44063" style="position:absolute;font-family:'Arial';left:5px;top:538px;">approximately<div style="display:inline-block;width:6px;white-space:pre"> </div>$</div><div id="a44063_15_5" style="position:absolute;font-family:'Arial';left:101px;top:538px;">150.0</div><div id="a44063_20_88" style="position:absolute;font-family:'Arial';left:134px;top:538px;"><div style="display:inline-block;width:6px;white-space:pre"> </div>million<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>near-term<div style="display:inline-block;width:6px;white-space:pre"> </div>liquidity<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company<div style="display:inline-block;width:6px;white-space:pre"> </div>in<div style="display:inline-block;width:6px;white-space:pre"> </div>exchange<div style="display:inline-block;width:6px;white-space:pre"> </div>for<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>supply<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>additional </div><div id="a44066" style="position:absolute;font-family:'Arial';left:5px;top:553px;">tonnage of thermal coal under the NCSA.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a44069" style="position:absolute;font-family:'Arial';left:5px;top:582px;">The First Amendment included a $</div><div id="a44069_32_4" style="position:absolute;font-family:'Arial';left:208px;top:582px;">75.0</div><div id="a44069_36_12" style="position:absolute;font-family:'Arial';left:233px;top:582px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million (A$</div><div id="a44069_48_5" style="position:absolute;font-family:'Arial';left:299px;top:582px;">116.1</div><div id="a44069_53_57" style="position:absolute;font-family:'Arial';left:332px;top:582px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million) prepayment for thermal coal on completion, and </div><div id="a44077" style="position:absolute;font-family:'Arial';left:5px;top:597px;">a rebate waiver and deferral from April<div style="display:inline-block;width:5px;white-space:pre"> </div>2025 to December 2025 of $</div><div id="a44077_66_4" style="position:absolute;font-family:'Arial';left:405px;top:597px;">67.2</div><div id="a44077_70_12" style="position:absolute;font-family:'Arial';left:431px;top:597px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million (A$</div><div id="a44077_82_5" style="position:absolute;font-family:'Arial';left:497px;top:597px;">103.1</div><div id="a44077_87_25" style="position:absolute;font-family:'Arial';left:530px;top:597px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million), both of which </div><div id="a44086" style="position:absolute;font-family:'Arial';left:5px;top:613px;">will be settled through reduction of<div style="display:inline-block;width:5px;white-space:pre"> </div>the gross proceeds to be received<div style="display:inline-block;width:5px;white-space:pre"> </div>on the physical delivery of<div style="display:inline-block;width:5px;white-space:pre"> </div>thermal coal to </div></div></div><div id="TextBlockContainer2498" style="position:relative;line-height:normal;width:676px;height:822px;"><div id="TextContainer2498" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a44100" style="position:absolute;font-family:'Arial';left:5px;top:0px;">Stanwell, expected to start in the first half of 2027, of up to </div><div id="a44100_64_3" style="position:absolute;font-family:'Arial';left:350px;top:0px;">0.8</div><div id="a44100_67_20" style="position:absolute;font-family:'Arial';left:368px;top:0px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>MMt per annum over </div><div id="a44100_87_10" style="position:absolute;font-family:'Arial';left:498px;top:0px;">five years</div><div id="a44100_97_21" style="position:absolute;font-family:'Arial';left:555px;top:0px;">, or until such time </div><div id="a44103" style="position:absolute;font-family:'Arial';left:5px;top:15px;">that the obligation is fully settled. This prepaid coal supply<div style="display:inline-block;width:5px;white-space:pre"> </div>liability bears interest at </div><div id="a44103_91_2" style="position:absolute;font-family:'Arial';left:492px;top:15px;">13</div><div id="a44103_93_14" style="position:absolute;font-family:'Arial';left:506px;top:15px;">% per annum.<div style="display:inline-block;width:4px;white-space:pre"> </div></div><div id="a44116" style="position:absolute;font-family:'Arial';left:5px;top:44px;">For<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>year<div style="display:inline-block;width:6px;white-space:pre"> </div>ended<div style="display:inline-block;width:6px;white-space:pre"> </div>December<div style="display:inline-block;width:6px;white-space:pre"> </div>31,<div style="display:inline-block;width:6px;white-space:pre"> </div>2025,<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company<div style="display:inline-block;width:6px;white-space:pre"> </div>recognized<div style="display:inline-block;width:6px;white-space:pre"> </div>interest<div style="display:inline-block;width:6px;white-space:pre"> </div>expense<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>$</div><div id="a44116_82_3" style="position:absolute;font-family:'Arial';left:548px;top:44px;">8.1</div><div id="a44116_85_12" style="position:absolute;font-family:'Arial';left:567px;top:44px;"><div style="display:inline-block;width:6px;white-space:pre"> </div>million<div style="display:inline-block;width:6px;white-space:pre"> </div>(A$</div><div id="a44116_97_4" style="position:absolute;font-family:'Arial';left:637px;top:44px;">12.4</div><div id="a44125" style="position:absolute;font-family:'Arial';left:5px;top:59px;">million) related to the financing component of the prepaid<div style="display:inline-block;width:5px;white-space:pre"> </div>coal supply liability. </div><div id="a44131" style="position:absolute;font-family:'Arial';left:5px;top:88px;">The contract liability<div style="display:inline-block;width:2px;white-space:pre"> </div>related to this<div style="display:inline-block;width:2px;white-space:pre"> </div>arrangement,<div style="display:inline-block;width:3px;white-space:pre"> </div>including accrued interest, will<div style="display:inline-block;width:2px;white-space:pre"> </div>be settled as<div style="display:inline-block;width:2px;white-space:pre"> </div>the physical delivery </div><div id="a44136" style="position:absolute;font-family:'Arial';left:5px;top:103px;">of coal occurs and the performance obligation is satisfied. </div><div id="a44140" style="position:absolute;font-family:'Arial';left:5px;top:132px;">As<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>December<div style="display:inline-block;width:6px;white-space:pre"> </div>31,<div style="display:inline-block;width:5px;white-space:pre"> </div>2025,<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>carrying<div style="display:inline-block;width:5px;white-space:pre"> </div>value<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Stanwell<div style="display:inline-block;width:5px;white-space:pre"> </div>prepaid<div style="display:inline-block;width:5px;white-space:pre"> </div>coal<div style="display:inline-block;width:5px;white-space:pre"> </div>supply<div style="display:inline-block;width:5px;white-space:pre"> </div>liability<div style="display:inline-block;width:5px;white-space:pre"> </div>was<div style="display:inline-block;width:5px;white-space:pre"> </div>$</div><div id="a44140_95_5" style="position:absolute;font-family:'Arial';left:586px;top:132px;">155.0</div><div id="a44140_100_9" style="position:absolute;font-family:'Arial';left:619px;top:132px;"><div style="display:inline-block;width:5px;white-space:pre"> </div>million </div><div id="a44141" style="position:absolute;font-family:'Arial';left:5px;top:147px;">(A$</div><div id="a44141_3_5" style="position:absolute;font-family:'Arial';left:26px;top:147px;">231.6</div><div id="a44141_8_11" style="position:absolute;font-family:'Arial';left:59px;top:147px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million). </div><div id="a44143" style="position:absolute;font-family:'Arial';font-style:italic;left:5px;top:176px;">The Second Amendment Deed </div><div id="a44145" style="position:absolute;font-family:'Arial';left:5px;top:205px;">On November<div style="display:inline-block;width:6px;white-space:pre"> </div>27, 2025,<div style="display:inline-block;width:6px;white-space:pre"> </div>the Company<div style="display:inline-block;width:6px;white-space:pre"> </div>entered into<div style="display:inline-block;width:6px;white-space:pre"> </div>the Second<div style="display:inline-block;width:6px;white-space:pre"> </div>Amendment<div style="display:inline-block;width:5px;white-space:pre"> </div>Deed that,<div style="display:inline-block;width:6px;white-space:pre"> </div>among other<div style="display:inline-block;width:6px;white-space:pre"> </div>matters, </div><div id="a44154" style="position:absolute;font-family:'Arial';left:5px;top:220px;">amended the terms of the ACSA and the NCSA, by<div style="display:inline-block;width:5px;white-space:pre"> </div>providing for: </div><div id="a44161" style="position:absolute;font-family:'Times New Roman';left:29px;top:250px;">●</div><div id="a44162" style="position:absolute;font-family:'Arial';left:35px;top:250px;"><div style="display:inline-block;width:18px;white-space:pre"> </div>a waiver of rebate<div style="display:inline-block;width:6px;white-space:pre"> </div>amounts that would<div style="display:inline-block;width:5px;white-space:pre"> </div>have otherwise been<div style="display:inline-block;width:5px;white-space:pre"> </div>payable by the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company under the<div style="display:inline-block;width:5px;white-space:pre"> </div>ACSA </div><div id="a44171" style="position:absolute;font-family:'Arial';left:53px;top:265px;">from January 1, 2026 until the final<div style="display:inline-block;width:2px;white-space:pre"> </div>delivery date, which date is expected to occur in<div style="display:inline-block;width:2px;white-space:pre"> </div>the first half of 2027; </div><div id="a44173" style="position:absolute;font-family:'Times New Roman';left:29px;top:289px;">●</div><div id="a44174" style="position:absolute;font-family:'Arial';left:35px;top:289px;"><div style="display:inline-block;width:18px;white-space:pre"> </div>a deferral of the Company’s obligations to<div style="display:inline-block;width:5px;white-space:pre"> </div>deliver certain values of coal to Stanwell for prepaid<div style="display:inline-block;width:5px;white-space:pre"> </div>amounts </div><div id="a44177" style="position:absolute;font-family:'Arial';left:53px;top:305px;">under the First<div style="display:inline-block;width:6px;white-space:pre"> </div>Amendment and<div style="display:inline-block;width:5px;white-space:pre"> </div>amounts to<div style="display:inline-block;width:5px;white-space:pre"> </div>which Stanwell<div style="display:inline-block;width:5px;white-space:pre"> </div>is otherwise<div style="display:inline-block;width:5px;white-space:pre"> </div>entitled in<div style="display:inline-block;width:5px;white-space:pre"> </div>relation to<div style="display:inline-block;width:5px;white-space:pre"> </div>the SRA </div><div id="a44181" style="position:absolute;font-family:'Arial';left:53px;top:320px;">deferred consideration,<div style="display:inline-block;width:4px;white-space:pre"> </div>or the Deferred Amounts;<div style="display:inline-block;width:4px;white-space:pre"> </div></div><div id="a44184" style="position:absolute;font-family:'Times New Roman';left:29px;top:344px;">●</div><div id="a44185" style="position:absolute;font-family:'Arial';left:35px;top:344px;"><div style="display:inline-block;width:18px;white-space:pre"> </div>prepayments<div style="display:inline-block;width:5px;white-space:pre"> </div>by<div style="display:inline-block;width:5px;white-space:pre"> </div>Stanwell<div style="display:inline-block;width:5px;white-space:pre"> </div>to<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company<div style="display:inline-block;width:5px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>relation<div style="display:inline-block;width:5px;white-space:pre"> </div>to<div style="display:inline-block;width:5px;white-space:pre"> </div>its future<div style="display:inline-block;width:7px;white-space:pre"> </div>annual<div style="display:inline-block;width:5px;white-space:pre"> </div>nominated<div style="display:inline-block;width:5px;white-space:pre"> </div>contract<div style="display:inline-block;width:5px;white-space:pre"> </div>tonnage </div><div id="a44188" style="position:absolute;font-family:'Arial';left:53px;top:359px;">under the ACSA and the NCSA<div style="display:inline-block;width:5px;white-space:pre"> </div>equal the difference between<div style="display:inline-block;width:5px;white-space:pre"> </div>the current contracted prices<div style="display:inline-block;width:5px;white-space:pre"> </div>under these </div><div id="a44189" style="position:absolute;font-family:'Arial';left:53px;top:375px;">arrangements and an<div style="display:inline-block;width:5px;white-space:pre"> </div>agreed, fixed price<div style="display:inline-block;width:5px;white-space:pre"> </div>roughly equivalent to<div style="display:inline-block;width:6px;white-space:pre"> </div>market prices at<div style="display:inline-block;width:5px;white-space:pre"> </div>the time of<div style="display:inline-block;width:5px;white-space:pre"> </div>the Second </div><div id="a44191" style="position:absolute;font-family:'Arial';left:53px;top:390px;">Amendment, or the ACSA Prepayments and<div style="display:inline-block;width:5px;white-space:pre"> </div>the NCSA Prepayments. Stanwell’s<div style="display:inline-block;width:5px;white-space:pre"> </div>obligation to make the </div><div id="a44193" style="position:absolute;font-family:'Arial';left:53px;top:405px;">ACSA<div style="display:inline-block;width:6px;white-space:pre"> </div>Prepayments<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>NCSA<div style="display:inline-block;width:6px;white-space:pre"> </div>Prepayments<div style="display:inline-block;width:6px;white-space:pre"> </div>are<div style="display:inline-block;width:6px;white-space:pre"> </div>subject<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>certain<div style="display:inline-block;width:6px;white-space:pre"> </div>liquidity<div style="display:inline-block;width:6px;white-space:pre"> </div>tests.<div style="display:inline-block;width:6px;white-space:pre"> </div>More<div style="display:inline-block;width:6px;white-space:pre"> </div>specifically, </div><div id="a44195" style="position:absolute;font-family:'Arial';left:53px;top:421px;">Stanwell (i)<div style="display:inline-block;width:5px;white-space:pre"> </div>will advance<div style="display:inline-block;width:5px;white-space:pre"> </div>all of<div style="display:inline-block;width:5px;white-space:pre"> </div>the relevant<div style="display:inline-block;width:5px;white-space:pre"> </div>prepayment when<div style="display:inline-block;width:5px;white-space:pre"> </div>the Company’s<div style="display:inline-block;width:6px;white-space:pre"> </div>monthly liquidity<div style="display:inline-block;width:5px;white-space:pre"> </div>is below </div><div id="a44199" style="position:absolute;font-family:'Arial';left:53px;top:436px;">$</div><div id="a44199_1_5" style="position:absolute;font-family:'Arial';left:60px;top:436px;">200.0</div><div id="a44199_6_94" style="position:absolute;font-family:'Arial';left:94px;top:436px;"><div style="display:inline-block;width:5px;white-space:pre"> </div>million,<div style="display:inline-block;width:5px;white-space:pre"> </div>(ii)<div style="display:inline-block;width:5px;white-space:pre"> </div>will<div style="display:inline-block;width:5px;white-space:pre"> </div>advance<div style="display:inline-block;width:5px;white-space:pre"> </div>only<div style="display:inline-block;width:5px;white-space:pre"> </div>half<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>relevant<div style="display:inline-block;width:5px;white-space:pre"> </div>prepayment<div style="display:inline-block;width:6px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>months<div style="display:inline-block;width:6px;white-space:pre"> </div>when<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company’s </div><div id="a44202" style="position:absolute;font-family:'Arial';left:53px;top:451px;">liquidity is between $</div><div id="a44202_22_5" style="position:absolute;font-family:'Arial';left:175px;top:451px;">200.0</div><div id="a44202_27_14" style="position:absolute;font-family:'Arial';left:208px;top:451px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million and $</div><div id="a44202_41_5" style="position:absolute;font-family:'Arial';left:286px;top:451px;">250.0</div><div id="a44202_46_62" style="position:absolute;font-family:'Arial';left:320px;top:451px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>million, and (iii) will not be obligated to make prepayments </div><div id="a44205" style="position:absolute;font-family:'Arial';left:53px;top:467px;">when the Company’s monthly liquidity is above<div style="display:inline-block;width:5px;white-space:pre"> </div>$</div><div id="a44205_47_5" style="position:absolute;font-family:'Arial';left:340px;top:467px;">250.0</div><div id="a44205_52_14" style="position:absolute;font-family:'Arial';left:374px;top:467px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million; and </div><div id="a44208" style="position:absolute;font-family:'Times New Roman';left:29px;top:491px;">●</div><div id="a44209" style="position:absolute;font-family:'Arial';left:35px;top:491px;"><div style="display:inline-block;width:18px;white-space:pre"> </div>an extension<div style="display:inline-block;width:5px;white-space:pre"> </div>of the<div style="display:inline-block;width:5px;white-space:pre"> </div>NCSA term<div style="display:inline-block;width:5px;white-space:pre"> </div>from 2037<div style="display:inline-block;width:5px;white-space:pre"> </div>to 2043<div style="display:inline-block;width:5px;white-space:pre"> </div>and an<div style="display:inline-block;width:5px;white-space:pre"> </div>option for<div style="display:inline-block;width:5px;white-space:pre"> </div>Stanwell to<div style="display:inline-block;width:5px;white-space:pre"> </div>make broader<div style="display:inline-block;width:5px;white-space:pre"> </div>annual </div><div id="a44216" style="position:absolute;font-family:'Arial';left:53px;top:506px;">nominations ranging from </div><div id="a44216_25_3" style="position:absolute;font-family:'Arial';left:207px;top:506px;">1.2</div><div id="a44216_28_8" style="position:absolute;font-family:'Arial';left:226px;top:506px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>MMt to </div><div id="a44216_36_4" style="position:absolute;font-family:'Arial';left:274px;top:506px;">2.24</div><div id="a44216_40_30" style="position:absolute;font-family:'Arial';left:300px;top:506px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>MMt per year under the NCSA. </div><div id="a44220" style="position:absolute;font-family:'Arial';left:5px;top:535px;">The<div style="display:inline-block;width:6px;white-space:pre"> </div>value<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>ACSA<div style="display:inline-block;width:6px;white-space:pre"> </div>Prepayments,<div style="display:inline-block;width:6px;white-space:pre"> </div>NCSA<div style="display:inline-block;width:6px;white-space:pre"> </div>Prepayments<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>Deferred<div style="display:inline-block;width:6px;white-space:pre"> </div>Amounts,<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Prepayment<div style="display:inline-block;width:6px;white-space:pre"> </div>and </div><div id="a44221" style="position:absolute;font-family:'Arial';left:5px;top:550px;">Deferred Payment<div style="display:inline-block;width:5px;white-space:pre"> </div>Balance, will<div style="display:inline-block;width:5px;white-space:pre"> </div>be settled<div style="display:inline-block;width:5px;white-space:pre"> </div>through delivery<div style="display:inline-block;width:6px;white-space:pre"> </div>of coal<div style="display:inline-block;width:5px;white-space:pre"> </div>to Stanwell<div style="display:inline-block;width:5px;white-space:pre"> </div>in months<div style="display:inline-block;width:5px;white-space:pre"> </div>when the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company’s </div><div id="a44222" style="position:absolute;font-family:'Arial';left:5px;top:566px;">liquidity<div style="display:inline-block;width:5px;white-space:pre"> </div>exceeds<div style="display:inline-block;width:6px;white-space:pre"> </div>$</div><div id="a44222_19_5" style="position:absolute;font-family:'Arial';left:117px;top:566px;">300.0</div><div id="a44222_24_72" style="position:absolute;font-family:'Arial';left:150px;top:566px;"><div style="display:inline-block;width:5px;white-space:pre"> </div>million.<div style="display:inline-block;width:5px;white-space:pre"> </div>The<div style="display:inline-block;width:5px;white-space:pre"> </div>Prepayment<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>Deferred<div style="display:inline-block;width:5px;white-space:pre"> </div>Payment<div style="display:inline-block;width:5px;white-space:pre"> </div>Balance<div style="display:inline-block;width:5px;white-space:pre"> </div>bears<div style="display:inline-block;width:5px;white-space:pre"> </div>interest<div style="display:inline-block;width:5px;white-space:pre"> </div>at </div><div id="a44222_96_3" style="position:absolute;font-family:'Arial';left:607px;top:566px;">7.5</div><div id="a44222_99_6" style="position:absolute;font-family:'Arial';left:626px;top:566px;">%<div style="display:inline-block;width:5px;white-space:pre"> </div>per </div><div id="a44225" style="position:absolute;font-family:'Arial';left:5px;top:581px;">annum<div style="display:inline-block;width:5px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>total<div style="display:inline-block;width:5px;white-space:pre"> </div>balance<div style="display:inline-block;width:5px;white-space:pre"> </div>(including<div style="display:inline-block;width:5px;white-space:pre"> </div>accrued<div style="display:inline-block;width:5px;white-space:pre"> </div>interest)<div style="display:inline-block;width:6px;white-space:pre"> </div>will<div style="display:inline-block;width:5px;white-space:pre"> </div>be<div style="display:inline-block;width:5px;white-space:pre"> </div>capped<div style="display:inline-block;width:5px;white-space:pre"> </div>at </div><div id="a44225_75_3" style="position:absolute;font-family:'Arial';left:462px;top:581px;">1.2</div><div id="a44225_78_29" style="position:absolute;font-family:'Arial';left:481px;top:581px;"><div style="display:inline-block;width:5px;white-space:pre"> </div>times<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>Prepayment<div style="display:inline-block;width:6px;white-space:pre"> </div>and </div><div id="a44231" style="position:absolute;font-family:'Arial';left:5px;top:596px;">Deferred Payment Balance until the final delivery date<div style="display:inline-block;width:5px;white-space:pre"> </div>pursuant to the NCSA. </div><div id="a44233" style="position:absolute;font-family:'Arial';left:5px;top:625px;">The<div style="display:inline-block;width:7px;white-space:pre"> </div>Second<div style="display:inline-block;width:7px;white-space:pre"> </div>Amendment<div style="display:inline-block;width:7px;white-space:pre"> </div>Deed<div style="display:inline-block;width:7px;white-space:pre"> </div>also<div style="display:inline-block;width:7px;white-space:pre"> </div>includes<div style="display:inline-block;width:7px;white-space:pre"> </div>restrictions<div style="display:inline-block;width:7px;white-space:pre"> </div>on<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>Company’s<div style="display:inline-block;width:8px;white-space:pre"> </div>ability<div style="display:inline-block;width:7px;white-space:pre"> </div>to<div style="display:inline-block;width:7px;white-space:pre"> </div>pay<div style="display:inline-block;width:7px;white-space:pre"> </div>distributions<div style="display:inline-block;width:7px;white-space:pre"> </div>to </div><div id="a44234" style="position:absolute;font-family:'Arial';left:5px;top:640px;">shareholders (e.g.,<div style="display:inline-block;width:6px;white-space:pre"> </div>dividends)<div style="display:inline-block;width:5px;white-space:pre"> </div>such that<div style="display:inline-block;width:6px;white-space:pre"> </div>the Company<div style="display:inline-block;width:6px;white-space:pre"> </div>will be<div style="display:inline-block;width:6px;white-space:pre"> </div>required to<div style="display:inline-block;width:6px;white-space:pre"> </div>maintain a<div style="display:inline-block;width:6px;white-space:pre"> </div>minimum cash<div style="display:inline-block;width:6px;white-space:pre"> </div>liquidity of </div><div id="a44236" style="position:absolute;font-family:'Arial';left:5px;top:656px;">$</div><div id="a44236_1_5" style="position:absolute;font-family:'Arial';left:12px;top:656px;">300.0</div><div id="a44236_6_100" style="position:absolute;font-family:'Arial';left:46px;top:656px;"><div style="display:inline-block;width:7px;white-space:pre"> </div>million<div style="display:inline-block;width:7px;white-space:pre"> </div>following<div style="display:inline-block;width:7px;white-space:pre"> </div>payment<div style="display:inline-block;width:7px;white-space:pre"> </div>of<div style="display:inline-block;width:7px;white-space:pre"> </div>such<div style="display:inline-block;width:7px;white-space:pre"> </div>distribution,<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>repurchase<div style="display:inline-block;width:7px;white-space:pre"> </div>of<div style="display:inline-block;width:7px;white-space:pre"> </div>any<div style="display:inline-block;width:7px;white-space:pre"> </div>Notes<div style="display:inline-block;width:7px;white-space:pre"> </div>in<div style="display:inline-block;width:7px;white-space:pre"> </div>connection<div style="display:inline-block;width:7px;white-space:pre"> </div>with<div style="display:inline-block;width:7px;white-space:pre"> </div>the </div><div id="a44237" style="position:absolute;font-family:'Arial';left:5px;top:671px;">distribution, and the payment of an equal or greater amount to Stanwell to reduce<div style="display:inline-block;width:5px;white-space:pre"> </div>the Prepayment and Deferred </div><div id="a44242" style="position:absolute;font-family:'Arial';left:5px;top:686px;">Payment Balance.<div style="display:inline-block;width:4px;white-space:pre"> </div></div><div id="a44244" style="position:absolute;font-family:'Arial';left:5px;top:715px;">The Prepayment and Deferred Payment Balance may become repayable<div style="display:inline-block;width:2px;white-space:pre"> </div>if there is an unremedied default under </div><div id="a44245" style="position:absolute;font-family:'Arial';left:5px;top:730px;">the<div style="display:inline-block;width:6px;white-space:pre"> </div>ACSA<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>NCSA.<div style="display:inline-block;width:6px;white-space:pre"> </div>Additionally,<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>rebate<div style="display:inline-block;width:6px;white-space:pre"> </div>amounts<div style="display:inline-block;width:6px;white-space:pre"> </div>waived<div style="display:inline-block;width:6px;white-space:pre"> </div>under<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Second<div style="display:inline-block;width:6px;white-space:pre"> </div>Amendment<div style="display:inline-block;width:6px;white-space:pre"> </div>Deed<div style="display:inline-block;width:6px;white-space:pre"> </div>will<div style="display:inline-block;width:6px;white-space:pre"> </div>be </div><div id="a44247" style="position:absolute;font-family:'Arial';left:5px;top:746px;">repayable if there is<div style="display:inline-block;width:5px;white-space:pre"> </div>a change of control<div style="display:inline-block;width:5px;white-space:pre"> </div>of the Company that<div style="display:inline-block;width:5px;white-space:pre"> </div>occurs within two years<div style="display:inline-block;width:6px;white-space:pre"> </div>of the date of<div style="display:inline-block;width:5px;white-space:pre"> </div>the Second </div><div id="a44249" style="position:absolute;font-family:'Arial';left:5px;top:761px;">Amendment. Refer to Note 24. “Contingencies” for further<div style="display:inline-block;width:5px;white-space:pre"> </div>information. </div><div id="a44253" style="position:absolute;font-family:'Arial';left:5px;top:790px;">The ACSA and the NCSA<div style="display:inline-block;width:5px;white-space:pre"> </div>are secured by a third-priority<div style="display:inline-block;width:5px;white-space:pre"> </div>lien on substantially all<div style="display:inline-block;width:5px;white-space:pre"> </div>of the Company’s<div style="display:inline-block;width:5px;white-space:pre"> </div>assets, other </div><div id="a44256" style="position:absolute;font-family:'Arial';left:5px;top:805px;">than the ABL Collateral (described below).</div></div></div> <div id="TextBlockContainer2481" style="position:relative;line-height:normal;width:667px;height:101px;"><div style="position:absolute; width:394.2px; height:1px; left:4px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:404.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:416.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:416.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:404.1px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:416.1px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:416.7px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:403.1px; top:99.5px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:415.1px; top:99.5px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:418px; top:99.5px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:491.1px; top:99.5px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:503.1px; top:99.5px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:506px; top:99.5px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:579.2px; top:99.5px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:591.2px; top:99.5px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:594.1px; top:99.5px; background-color:#000000; "> </div> <div id="TextContainer2481" style="position:relative;width:667px;z-index:1;font-size:13.28px;"><div id="a43740" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:7px;top:0px;">(US$ thousands) </div><div id="a43743" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:418px;top:0px;">Short-term </div><div id="a43748" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:507px;top:0px;">Long-term </div><div id="a43753" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:608px;top:0px;">Total </div><div id="a43755" style="position:absolute;font-family:'Arial';left:7px;top:15px;">Coal leases contract liability </div><div id="a43758" style="position:absolute;font-family:'Arial';left:407px;top:15px;">$ </div><div id="a43760" style="position:absolute;font-family:'Arial';left:457px;top:15px;">843</div><div id="a43763" style="position:absolute;font-family:'Arial';left:495px;top:15px;">$ </div><div id="a43765" style="position:absolute;font-family:'Arial';left:527px;top:15px;">18,818</div><div id="a43768" style="position:absolute;font-family:'Arial';left:583px;top:15px;">$ </div><div id="a43770" style="position:absolute;font-family:'Arial';left:615px;top:15px;">19,661</div><div id="a43772" style="position:absolute;font-family:'Arial';left:7px;top:32px;">Stanwell below-market coal supply agreement </div><div id="a43778" style="position:absolute;font-family:'Arial';left:439px;top:32px;">21,602</div><div id="a43782" style="position:absolute;font-family:'Arial';left:534px;top:32px;">2,355</div><div id="a43786" style="position:absolute;font-family:'Arial';left:615px;top:32px;">23,957</div><div id="a43788" style="position:absolute;font-family:'Arial';left:7px;top:49px;">Stanwell deferred consideration liability </div><div id="a43792" style="position:absolute;font-family:'Arial';left:466px;top:49px;">—</div><div id="a43796" style="position:absolute;font-family:'Arial';left:519px;top:49px;">346,768</div><div id="a43800" style="position:absolute;font-family:'Arial';left:607px;top:49px;">346,768</div><div id="a43802" style="position:absolute;font-family:'Arial';left:7px;top:66px;">Stanwell prepaid coal supply liability </div><div id="a43806" style="position:absolute;font-family:'Arial';left:466px;top:66px;">—</div><div id="a43810" style="position:absolute;font-family:'Arial';left:519px;top:66px;">155,027</div><div id="a43814" style="position:absolute;font-family:'Arial';left:607px;top:66px;">155,027</div><div id="a43818" style="position:absolute;font-family:'Arial';left:407px;top:84px;">$ </div><div id="a43820" style="position:absolute;font-family:'Arial';left:439px;top:84px;">22,445</div><div id="a43823" style="position:absolute;font-family:'Arial';left:495px;top:84px;">$ </div><div id="a43825" style="position:absolute;font-family:'Arial';left:519px;top:84px;">522,968</div><div id="a43828" style="position:absolute;font-family:'Arial';left:583px;top:84px;">$ </div><div id="a43830" style="position:absolute;font-family:'Arial';left:607px;top:84px;">545,413</div></div></div><div id="TextBlockContainer2492" style="position:relative;line-height:normal;width:667px;height:84px;"><div id="div_2489_XBRL_TS_271681d5168a4b9f909b6e358843bcf0" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2490" style="position:relative;line-height:normal;width:667px;height:84px;"><div style="position:absolute; width:394.2px; height:1px; left:4px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:404.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:416.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:416.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:404.1px; top:63.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:416.1px; top:63.8px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:416.7px; top:63.8px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:492.1px; top:63.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:504.1px; top:63.8px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:504.7px; top:63.8px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580.1px; top:63.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:592.1px; top:63.8px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:592.8px; top:63.8px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:403.1px; top:82.5px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:415.1px; top:82.5px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:418px; top:82.5px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:491.1px; top:82.5px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:503.1px; top:82.5px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:506px; top:82.5px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:579.2px; top:82.5px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:591.2px; top:82.5px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:594.1px; top:82.5px; background-color:#000000; "> </div> <div id="TextContainer2490" style="position:relative;width:667px;z-index:1;font-size:13.28px;"><div id="a43839" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:7px;top:0px;">(US$ thousands) </div><div id="a43842" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:418px;top:0px;">Short-term </div><div id="a43847" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:507px;top:0px;">Long-term </div><div id="a43852" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:608px;top:0px;">Total </div><div id="a43854" style="position:absolute;font-family:'Arial';left:7px;top:15px;">Coal leases contract liability </div><div id="a43857" style="position:absolute;font-family:'Arial';left:407px;top:15px;">$ </div><div id="a43859" style="position:absolute;font-family:'Arial';left:457px;top:15px;">843</div><div id="a43862" style="position:absolute;font-family:'Arial';left:495px;top:15px;">$ </div><div id="a43864" style="position:absolute;font-family:'Arial';left:527px;top:15px;">19,156</div><div id="a43867" style="position:absolute;font-family:'Arial';left:583px;top:15px;">$ </div><div id="a43869" style="position:absolute;font-family:'Arial';left:615px;top:15px;">19,999</div><div id="a43871" style="position:absolute;font-family:'Arial';left:7px;top:32px;">Stanwell below-market coal supply agreement </div><div id="a43877" style="position:absolute;font-family:'Arial';left:439px;top:32px;">36,247</div><div id="a43881" style="position:absolute;font-family:'Arial';left:534px;top:32px;">8,616</div><div id="a43885" style="position:absolute;font-family:'Arial';left:615px;top:32px;">44,863</div><div id="a43887" style="position:absolute;font-family:'Arial';left:7px;top:49px;">Stanwell deferred consideration liability </div><div id="a43891" style="position:absolute;font-family:'Arial';left:466px;top:49px;">—</div><div id="a43895" style="position:absolute;font-family:'Arial';left:519px;top:49px;">285,050</div><div id="a43899" style="position:absolute;font-family:'Arial';left:607px;top:49px;">285,050</div><div id="a43903" style="position:absolute;font-family:'Arial';left:407px;top:67px;">$ </div><div id="a43905" style="position:absolute;font-family:'Arial';left:439px;top:67px;">37,090</div><div id="a43908" style="position:absolute;font-family:'Arial';left:495px;top:67px;">$ </div><div id="a43910" style="position:absolute;font-family:'Arial';left:519px;top:67px;">312,822</div><div id="a43913" style="position:absolute;font-family:'Arial';left:583px;top:67px;">$ </div><div id="a43915" style="position:absolute;font-family:'Arial';left:607px;top:67px;">349,912</div></div></div></div></div> 843000 18818000 19661000 21602000 2355000 23957000 0 346768000 346768000 0 155027000 155027000 22445000 522968000 545413000 843000 19156000 19999000 36247000 8616000 44863000 0 285050000 285050000 37090000 312822000 349912000 27300000 307000000.0 400000000.0 23400000 31100000 32800000 155200000 210000000.0 0.13 0.13 150000000.0 75000000.0 116100000 67200000 103100000 800000 P5Y 0.13 8100000 12400000 155000000.0 231600000 200000000.0 200000000.0 250000000.0 250000000.0 1200000 2240000 300000000.0 0.075 1.2 300000000.0 <div id="TextBlockContainer2501" style="position:relative;line-height:normal;width:204px;height:17px;"><div id="TextContainer2501" style="position:relative;width:204px;z-index:1;font-size:13.28px;"><div id="a44271" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">15. Interest Bearing Liabilities</div></div></div><div id="TextBlockContainer2507" style="position:relative;line-height:normal;width:676px;height:297px;"><div id="div_2504_XBRL_TS_34b42b7a9bff4682876580ec95ea6d80" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2505" style="position:relative;line-height:normal;width:676px;height:297px;"><div style="position:absolute; width:255.1px; height:1px; left:5px; top:72.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:10.1px; height:1px; left:266px; top:72.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:276.1px; top:72.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:83.4px; height:1px; left:276.7px; top:72.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:11px; height:1px; left:366.1px; top:72.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:377.1px; top:72.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:83.4px; height:1px; left:377.7px; top:72.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:113px; height:1px; left:467.2px; top:72.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:580.2px; top:72.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:15.4px; height:1px; left:580.8px; top:72.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:64px; height:1px; left:602.1px; top:72.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:10.1px; height:1px; left:266px; top:146.2px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:276.1px; top:146.2px; background-color:#000000; "> </div> <div style="position:absolute; width:83.4px; height:1px; left:276.7px; top:146.2px; background-color:#000000; "> </div> <div style="position:absolute; width:11px; height:1px; left:366.1px; top:146.2px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:377.1px; top:146.2px; background-color:#000000; "> </div> <div style="position:absolute; width:83.4px; height:1px; left:377.7px; top:146.2px; background-color:#000000; "> </div> <div style="position:absolute; width:10.1px; height:1px; left:266px; top:186.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:276.1px; top:186.8px; background-color:#000000; "> </div> <div style="position:absolute; width:83.4px; height:1px; left:276.7px; top:186.8px; background-color:#000000; "> </div> <div style="position:absolute; width:11px; height:1px; left:366.1px; top:186.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:377.1px; top:186.8px; background-color:#000000; "> </div> <div style="position:absolute; width:83.4px; height:1px; left:377.7px; top:186.8px; background-color:#000000; "> </div> <div style="position:absolute; width:10.1px; height:1px; left:266px; top:203.6px; background-color:#000000; "> </div> <div style="position:absolute; width:10.1px; height:1px; left:266px; top:205.6px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:276.1px; top:203.6px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:276.1px; top:205.6px; background-color:#000000; "> </div> <div style="position:absolute; width:81.1px; height:1px; left:279px; top:203.6px; background-color:#000000; "> </div> <div style="position:absolute; width:81.1px; height:1px; left:279px; top:205.6px; background-color:#000000; "> </div> <div style="position:absolute; width:11px; height:1px; left:366.1px; top:203.6px; background-color:#000000; "> </div> <div style="position:absolute; width:11px; height:1px; left:366.1px; top:205.6px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:377.1px; top:203.6px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:377.1px; top:205.6px; background-color:#000000; "> </div> <div style="position:absolute; width:81.1px; height:1px; left:380px; top:203.6px; background-color:#000000; "> </div> <div style="position:absolute; width:81.1px; height:1px; left:380px; top:205.6px; background-color:#000000; "> </div> <div id="TextContainer2505" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a44276" style="position:absolute;font-family:'Arial';left:8px;top:0px;">The following is a summary of the Company's interest-bearing<div style="display:inline-block;width:5px;white-space:pre"> </div>liabilities at December 31, 2025 and 2024: </div><div id="a44292" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:8px;top:60px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>(US$ thousands) </div><div id="a44297" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:283px;top:48px;">December 31, </div><div id="a44298" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:306px;top:60px;">2025 </div><div id="a44302" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:384px;top:48px;">December 31, </div><div id="a44303" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:407px;top:60px;">2024 </div><div id="a44306" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:485px;top:36px;">Weighted Average </div><div id="a44307" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:493px;top:48px;">Interest Rate at </div><div id="a44308" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:484px;top:60px;">December 31, 2025 </div><div id="a44311" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:622px;top:48px;">Final </div><div id="a44312" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:613px;top:60px;">Maturity </div><div id="a44314" style="position:absolute;font-family:'Arial';left:8px;top:75px;">9.25</div><div id="a44314_4_24" style="position:absolute;font-family:'Arial';left:34px;top:75px;">0% Senior Secured Notes </div><div id="a44317" style="position:absolute;font-family:'Arial';left:269px;top:74px;">$ </div><div id="a44319" style="position:absolute;font-family:'Arial';left:305px;top:74px;">400,000</div><div id="a44322" style="position:absolute;font-family:'Arial';left:369px;top:74px;">$ </div><div id="a44324" style="position:absolute;font-family:'Arial';left:406px;top:74px;">400,000</div><div id="a44327" style="position:absolute;font-family:'Arial';left:540px;top:74px;">9.99</div><div id="a44327_4_2" style="position:absolute;font-family:'Arial';left:566px;top:74px;">% </div><div id="a44329" style="position:absolute;font-family:'Arial';font-size:8.64px;left:583px;top:75px;">(2) </div><div id="a44332" style="position:absolute;font-family:'Arial';left:619px;top:74px;">2029</div><div id="a44334" style="position:absolute;font-family:'Arial';left:8px;top:91px;">ABL Facility </div><div id="a44338" style="position:absolute;font-family:'Arial';left:305px;top:91px;">272,115</div><div id="a44342" style="position:absolute;font-family:'Arial';left:441px;top:91px;">—</div><div id="a44345" style="position:absolute;font-family:'Arial';left:540px;top:91px;">9</div><div id="a44345_1_5" style="position:absolute;font-family:'Arial';left:547px;top:91px;">.00% </div><div id="a44349" style="position:absolute;font-family:'Arial';left:619px;top:91px;">2030</div><div id="a44351" style="position:absolute;font-family:'Arial';left:8px;top:109px;">Loan - Curragh Housing Transaction </div><div id="a44358" style="position:absolute;font-family:'Arial';left:313px;top:109px;">24,748</div><div id="a44362" style="position:absolute;font-family:'Arial';left:414px;top:109px;">24,472</div><div id="a44365" style="position:absolute;font-family:'Arial';left:532px;top:109px;">14.14</div><div id="a44365_5_2" style="position:absolute;font-family:'Arial';left:566px;top:109px;">% </div><div id="a44367" style="position:absolute;font-family:'Arial';font-size:8.64px;left:583px;top:110px;">(2) </div><div id="a44370" style="position:absolute;font-family:'Arial';left:619px;top:109px;">2034</div><div id="a44372" style="position:absolute;font-family:'Arial';left:8px;top:129px;">Debt issuance costs</div><div id="a44373" style="position:absolute;font-family:'Arial';font-size:8.64px;left:127px;top:129px;">(1)</div><div id="a44377" style="position:absolute;font-family:'Arial';left:308px;top:129px;display:flex;">(10,203)</div><div id="a44381" style="position:absolute;font-family:'Arial';left:409px;top:129px;display:flex;">(12,165)</div><div id="a44388" style="position:absolute;font-family:'Arial';left:8px;top:149px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>interest bearing liabilities </div><div id="a44392" style="position:absolute;font-family:'Arial';left:305px;top:149px;">686,660</div><div id="a44396" style="position:absolute;font-family:'Arial';left:406px;top:149px;">412,307</div><div id="a44403" style="position:absolute;font-family:'Arial';left:8px;top:169px;">Less: current portion </div><div id="a44407" style="position:absolute;font-family:'Arial';left:315px;top:169px;display:flex;">(1,671)</div><div id="a44411" style="position:absolute;font-family:'Arial';left:416px;top:169px;display:flex;">(1,363)</div><div id="a44418" style="position:absolute;font-family:'Arial';left:8px;top:188px;">Non-current interest-bearing liabilities </div><div id="a44425" style="position:absolute;font-family:'Arial';left:269px;top:188px;">$ </div><div id="a44427" style="position:absolute;font-family:'Arial';left:305px;top:188px;">684,989</div><div id="a44430" style="position:absolute;font-family:'Arial';left:369px;top:188px;">$ </div><div id="a44432" style="position:absolute;font-family:'Arial';left:406px;top:188px;">410,944</div><div id="a44451" style="position:absolute;font-family:'Arial';font-size:6.72px;left:8px;top:222px;">(1) </div><div id="a44452" style="position:absolute;font-family:'Arial';font-size:10.72px;left:18px;top:222px;">Relates to debt<div style="display:inline-block;width:5px;white-space:pre"> </div>issuance costs in<div style="display:inline-block;width:5px;white-space:pre"> </div>connection with the<div style="display:inline-block;width:5px;white-space:pre"> </div>2029 Notes and<div style="display:inline-block;width:4px;white-space:pre"> </div>Curragh Housing Transaction<div style="display:inline-block;width:5px;white-space:pre"> </div>(as defined below).<div style="display:inline-block;width:5px;white-space:pre"> </div>Deferred debt </div><div id="a44455" style="position:absolute;font-family:'Arial';font-size:10.72px;left:8px;top:234px;">issuance costs incurred in connection<div style="display:inline-block;width:2px;white-space:pre"> </div>with the establishment of the ABL<div style="display:inline-block;width:2px;white-space:pre"> </div>Facility have been included within<div style="display:inline-block;width:2px;white-space:pre"> </div>"Other non-current assets" in the </div><div id="a44460" style="position:absolute;font-family:'Arial';font-size:10.72px;left:8px;top:247px;">Consolidated Balance Sheets. </div><div id="a44462" style="position:absolute;font-family:'Arial';font-size:6.72px;left:8px;top:271px;">(2)</div><div id="a44463" style="position:absolute;font-family:'Arial';font-size:10.72px;left:16px;top:271px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>Represents the effective interest rate.<div style="display:inline-block;width:2px;white-space:pre"> </div>The effective interest rate is<div style="display:inline-block;width:2px;white-space:pre"> </div>higher than the implied interest rate<div style="display:inline-block;width:1px;white-space:pre"> </div>as it incorporates the effect of debt </div><div id="a44466" style="position:absolute;font-family:'Arial';font-size:10.72px;left:8px;top:283px;">issuance costs and discount, where applicable.</div></div></div></div></div><div id="TextBlockContainer2510" style="position:relative;line-height:normal;width:676px;height:587px;"><div id="TextContainer2510" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a44469" style="position:absolute;font-family:'Arial';font-style:italic;left:5px;top:0px;">9.250% Senior Secured Notes due 2029 </div><div id="a44471" style="position:absolute;font-family:'Arial';left:5px;top:29px;">As of December 31, 2025, the aggregate outstanding principal amount of the </div><div id="a44471_75_5" style="position:absolute;font-family:'Arial';left:458px;top:29px;">9.250</div><div id="a44471_80_27" style="position:absolute;font-family:'Arial';left:492px;top:29px;">% Senior Secured Notes due </div><div id="a44476" style="position:absolute;font-family:'Arial';left:5px;top:44px;">2029, or the Notes, was $</div><div id="a44476_25_5" style="position:absolute;font-family:'Arial';left:157px;top:44px;">400.0</div><div id="a44476_30_10" style="position:absolute;font-family:'Arial';left:190px;top:44px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million. </div><div id="a44478" style="position:absolute;font-family:'Arial';left:5px;top:73px;">The Notes were issued at par and bear<div style="display:inline-block;width:5px;white-space:pre"> </div>interest at a rate of </div><div id="a44478_60_5" style="position:absolute;font-family:'Arial';left:355px;top:73px;">9.250</div><div id="a44478_65_46" style="position:absolute;font-family:'Arial';left:388px;top:73px;">% per annum. Interest on the Notes<div style="display:inline-block;width:5px;white-space:pre"> </div>is payable </div><div id="a44479" style="position:absolute;font-family:'Arial';left:5px;top:88px;">semi-annually in arrears on April 1 and October 1 of each year, which began on April 1, 2025. The Notes mature </div><div id="a44482" style="position:absolute;font-family:'Arial';left:5px;top:103px;">on October 1, 2029 and are senior secured obligations<div style="display:inline-block;width:5px;white-space:pre"> </div>of the Issuer.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a44485" style="position:absolute;font-family:'Arial';left:5px;top:132px;">The terms<div style="display:inline-block;width:6px;white-space:pre"> </div>of the<div style="display:inline-block;width:6px;white-space:pre"> </div>Notes are<div style="display:inline-block;width:6px;white-space:pre"> </div>governed<div style="display:inline-block;width:5px;white-space:pre"> </div>by an<div style="display:inline-block;width:6px;white-space:pre"> </div>indenture,<div style="display:inline-block;width:5px;white-space:pre"> </div>or the<div style="display:inline-block;width:6px;white-space:pre"> </div>Indenture,<div style="display:inline-block;width:5px;white-space:pre"> </div>dated<div style="display:inline-block;width:5px;white-space:pre"> </div>as of<div style="display:inline-block;width:6px;white-space:pre"> </div>October<div style="display:inline-block;width:5px;white-space:pre"> </div>2, 2024,<div style="display:inline-block;width:6px;white-space:pre"> </div>among </div><div id="a44486" style="position:absolute;font-family:'Arial';left:5px;top:147px;">Coronado Finance Pty<div style="display:inline-block;width:2px;white-space:pre"> </div>Ltd, as issuer<div style="display:inline-block;width:2px;white-space:pre"> </div>(the Issuer),<div style="display:inline-block;width:2px;white-space:pre"> </div>Coronado Global<div style="display:inline-block;width:2px;white-space:pre"> </div>Resources Inc., as<div style="display:inline-block;width:2px;white-space:pre"> </div>guarantor, the subsidiaries </div><div id="a44487" style="position:absolute;font-family:'Arial';left:5px;top:163px;">of<div style="display:inline-block;width:6px;white-space:pre"> </div>Coronado<div style="display:inline-block;width:6px;white-space:pre"> </div>Global<div style="display:inline-block;width:6px;white-space:pre"> </div>Resources<div style="display:inline-block;width:6px;white-space:pre"> </div>Inc.<div style="display:inline-block;width:6px;white-space:pre"> </div>named<div style="display:inline-block;width:6px;white-space:pre"> </div>therein<div style="display:inline-block;width:6px;white-space:pre"> </div>as<div style="display:inline-block;width:6px;white-space:pre"> </div>additional<div style="display:inline-block;width:6px;white-space:pre"> </div>guarantors,<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>Wilmington<div style="display:inline-block;width:6px;white-space:pre"> </div>Trust,<div style="display:inline-block;width:6px;white-space:pre"> </div>National </div><div id="a44489" style="position:absolute;font-family:'Arial';left:5px;top:178px;">Association, as trustee<div style="display:inline-block;width:5px;white-space:pre"> </div>and priority lien<div style="display:inline-block;width:5px;white-space:pre"> </div>collateral trustee. The<div style="display:inline-block;width:5px;white-space:pre"> </div>Indenture contains<div style="display:inline-block;width:5px;white-space:pre"> </div>customary covenants for<div style="display:inline-block;width:6px;white-space:pre"> </div>high </div><div id="a44490" style="position:absolute;font-family:'Arial';left:5px;top:193px;">yield bonds, including,<div style="display:inline-block;width:2px;white-space:pre"> </div>but not limited<div style="display:inline-block;width:2px;white-space:pre"> </div>to, limitations on<div style="display:inline-block;width:2px;white-space:pre"> </div>investments, liens, indebtedness, asset<div style="display:inline-block;width:2px;white-space:pre"> </div>sales, transactions </div><div id="a44492" style="position:absolute;font-family:'Arial';left:5px;top:209px;">with affiliates and restricted payments, including payment<div style="display:inline-block;width:5px;white-space:pre"> </div>of dividends on capital stock. </div><div id="a44494" style="position:absolute;font-family:'Arial';left:5px;top:237px;">The Notes are guaranteed on a<div style="display:inline-block;width:2px;white-space:pre"> </div>senior secured basis by the Company and certain of<div style="display:inline-block;width:2px;white-space:pre"> </div>the Company’s subsidiaries </div><div id="a44495" style="position:absolute;font-family:'Arial';left:5px;top:253px;">that are<div style="display:inline-block;width:6px;white-space:pre"> </div>a guarantor<div style="display:inline-block;width:6px;white-space:pre"> </div>or a<div style="display:inline-block;width:6px;white-space:pre"> </div>borrower under<div style="display:inline-block;width:6px;white-space:pre"> </div>the Company’s<div style="display:inline-block;width:6px;white-space:pre"> </div>ABL Facility<div style="display:inline-block;width:6px;white-space:pre"> </div>(as defined<div style="display:inline-block;width:6px;white-space:pre"> </div>above) or<div style="display:inline-block;width:6px;white-space:pre"> </div>certain other<div style="display:inline-block;width:6px;white-space:pre"> </div>debt </div><div id="a44503" style="position:absolute;font-family:'Arial';left:5px;top:268px;">and secured<div style="display:inline-block;width:6px;white-space:pre"> </div>by (i) a<div style="display:inline-block;width:6px;white-space:pre"> </div>first-priority<div style="display:inline-block;width:5px;white-space:pre"> </div>lien on<div style="display:inline-block;width:6px;white-space:pre"> </div>substantially all<div style="display:inline-block;width:6px;white-space:pre"> </div>of the<div style="display:inline-block;width:6px;white-space:pre"> </div>assets of<div style="display:inline-block;width:6px;white-space:pre"> </div>the Issuer<div style="display:inline-block;width:6px;white-space:pre"> </div>and each<div style="display:inline-block;width:6px;white-space:pre"> </div>guarantor<div style="display:inline-block;width:5px;white-space:pre"> </div>(other </div><div id="a44510" style="position:absolute;font-family:'Arial';left:5px;top:283px;">than<div style="display:inline-block;width:7px;white-space:pre"> </div>certain<div style="display:inline-block;width:7px;white-space:pre"> </div>assets,<div style="display:inline-block;width:7px;white-space:pre"> </div>including,<div style="display:inline-block;width:7px;white-space:pre"> </div>but<div style="display:inline-block;width:7px;white-space:pre"> </div>not<div style="display:inline-block;width:7px;white-space:pre"> </div>limited<div style="display:inline-block;width:7px;white-space:pre"> </div>to<div style="display:inline-block;width:7px;white-space:pre"> </div>cash,<div style="display:inline-block;width:7px;white-space:pre"> </div>deposit<div style="display:inline-block;width:7px;white-space:pre"> </div>accounts,<div style="display:inline-block;width:7px;white-space:pre"> </div>securities<div style="display:inline-block;width:7px;white-space:pre"> </div>accounts,<div style="display:inline-block;width:7px;white-space:pre"> </div>commodities </div><div id="a44513" style="position:absolute;font-family:'Arial';left:5px;top:299px;">accounts, accounts receivable and other rights to payment,<div style="display:inline-block;width:5px;white-space:pre"> </div>inventory, intercompany<div style="display:inline-block;width:5px;white-space:pre"> </div>loans and advances, or the </div><div id="a44517" style="position:absolute;font-family:'Arial';left:5px;top:314px;">ABL Collateral,<div style="display:inline-block;width:6px;white-space:pre"> </div>and (ii) a<div style="display:inline-block;width:5px;white-space:pre"> </div>second-priority<div style="display:inline-block;width:5px;white-space:pre"> </div>lien on<div style="display:inline-block;width:6px;white-space:pre"> </div>the ABL<div style="display:inline-block;width:6px;white-space:pre"> </div>Collateral, which<div style="display:inline-block;width:6px;white-space:pre"> </div>is junior<div style="display:inline-block;width:6px;white-space:pre"> </div>to a<div style="display:inline-block;width:5px;white-space:pre"> </div>first-priority lien<div style="display:inline-block;width:6px;white-space:pre"> </div>for the </div><div id="a44527" style="position:absolute;font-family:'Arial';left:5px;top:329px;">benefit of Stanwell under the ABL Facility,<div style="display:inline-block;width:5px;white-space:pre"> </div>subject to certain exceptions and permitted liens. </div><div id="a44531" style="position:absolute;font-family:'Arial';left:5px;top:358px;">Upon the occurrence of a “Change of Control Triggering Event,” as defined in the Indenture as the occurrence of </div><div id="a44536" style="position:absolute;font-family:'Arial';left:5px;top:373px;">Change<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>Control<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>Rating<div style="display:inline-block;width:6px;white-space:pre"> </div>Decline<div style="display:inline-block;width:6px;white-space:pre"> </div>(each<div style="display:inline-block;width:6px;white-space:pre"> </div>as<div style="display:inline-block;width:6px;white-space:pre"> </div>defined<div style="display:inline-block;width:6px;white-space:pre"> </div>in<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Indenture),<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Issuer<div style="display:inline-block;width:6px;white-space:pre"> </div>is<div style="display:inline-block;width:6px;white-space:pre"> </div>required<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>offer<div style="display:inline-block;width:6px;white-space:pre"> </div>to </div><div id="a44537" style="position:absolute;font-family:'Arial';left:5px;top:389px;">repurchase the<div style="display:inline-block;width:6px;white-space:pre"> </div>Notes at </div><div id="a44537_24_3" style="position:absolute;font-family:'Arial';left:155px;top:389px;">101</div><div id="a44537_27_82" style="position:absolute;font-family:'Arial';left:177px;top:389px;">% of<div style="display:inline-block;width:6px;white-space:pre"> </div>the aggregate<div style="display:inline-block;width:6px;white-space:pre"> </div>principal amount<div style="display:inline-block;width:6px;white-space:pre"> </div>thereof, plus<div style="display:inline-block;width:6px;white-space:pre"> </div>accrued and<div style="display:inline-block;width:6px;white-space:pre"> </div>unpaid interest,<div style="display:inline-block;width:6px;white-space:pre"> </div>if </div><div id="a44539" style="position:absolute;font-family:'Arial';left:5px;top:404px;">any,<div style="display:inline-block;width:5px;white-space:pre"> </div>to, but<div style="display:inline-block;width:5px;white-space:pre"> </div>excluding, the<div style="display:inline-block;width:6px;white-space:pre"> </div>repurchase date.<div style="display:inline-block;width:5px;white-space:pre"> </div>The Issuer<div style="display:inline-block;width:6px;white-space:pre"> </div>also has<div style="display:inline-block;width:5px;white-space:pre"> </div>the right<div style="display:inline-block;width:5px;white-space:pre"> </div>to redeem<div style="display:inline-block;width:5px;white-space:pre"> </div>the Notes<div style="display:inline-block;width:6px;white-space:pre"> </div>at </div><div id="a44539_98_3" style="position:absolute;font-family:'Arial';left:590px;top:404px;">101</div><div id="a44539_101_9" style="position:absolute;font-family:'Arial';left:612px;top:404px;">% of<div style="display:inline-block;width:5px;white-space:pre"> </div>the </div><div id="a44540" style="position:absolute;font-family:'Arial';left:5px;top:419px;">aggregate principal<div style="display:inline-block;width:5px;white-space:pre"> </div>amount thereof,<div style="display:inline-block;width:6px;white-space:pre"> </div>plus accrued<div style="display:inline-block;width:5px;white-space:pre"> </div>and unpaid<div style="display:inline-block;width:5px;white-space:pre"> </div>interest, if<div style="display:inline-block;width:5px;white-space:pre"> </div>any,<div style="display:inline-block;width:5px;white-space:pre"> </div>to, but<div style="display:inline-block;width:5px;white-space:pre"> </div>excluding, the<div style="display:inline-block;width:5px;white-space:pre"> </div>repurchase </div><div id="a44542" style="position:absolute;font-family:'Arial';left:5px;top:435px;">date, following the occurrence of<div style="display:inline-block;width:2px;white-space:pre"> </div>a Change of Control<div style="display:inline-block;width:2px;white-space:pre"> </div>Triggering Event, provided that the Issuer<div style="display:inline-block;width:2px;white-space:pre"> </div>redeems at least </div><div id="a44543" style="position:absolute;font-family:'Arial';left:5px;top:450px;">90</div><div id="a44543_2_108" style="position:absolute;font-family:'Arial';left:20px;top:450px;">% of the Notes outstanding prior<div style="display:inline-block;width:5px;white-space:pre"> </div>to such Change of Control<div style="display:inline-block;width:5px;white-space:pre"> </div>Triggering Event. Upon<div style="display:inline-block;width:5px;white-space:pre"> </div>the occurrence of certain </div><div id="a44545" style="position:absolute;font-family:'Arial';left:5px;top:465px;">changes in tax law (as described in the Indenture), the Issuer may redeem all of the Notes at a redemption price </div><div id="a44546" style="position:absolute;font-family:'Arial';left:5px;top:481px;">equal to </div><div id="a44546_9_3" style="position:absolute;font-family:'Arial';left:56px;top:481px;">100</div><div id="a44546_12_100" style="position:absolute;font-family:'Arial';left:79px;top:481px;">% of the principal amount<div style="display:inline-block;width:5px;white-space:pre"> </div>of the Notes to be redeemed<div style="display:inline-block;width:5px;white-space:pre"> </div>plus accrued and unpaid interest,<div style="display:inline-block;width:5px;white-space:pre"> </div>if any,<div style="display:inline-block;width:5px;white-space:pre"> </div>to, </div><div id="a44547" style="position:absolute;font-family:'Arial';left:5px;top:496px;">but excluding, the redemption date.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a44550" style="position:absolute;font-family:'Arial';left:5px;top:525px;">The<div style="display:inline-block;width:6px;white-space:pre"> </div>Indenture<div style="display:inline-block;width:6px;white-space:pre"> </div>contains<div style="display:inline-block;width:6px;white-space:pre"> </div>customary<div style="display:inline-block;width:6px;white-space:pre"> </div>events<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>default,<div style="display:inline-block;width:6px;white-space:pre"> </div>including<div style="display:inline-block;width:6px;white-space:pre"> </div>failure<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>make<div style="display:inline-block;width:6px;white-space:pre"> </div>required<div style="display:inline-block;width:6px;white-space:pre"> </div>payments,<div style="display:inline-block;width:6px;white-space:pre"> </div>failure<div style="display:inline-block;width:6px;white-space:pre"> </div>to </div><div id="a44551" style="position:absolute;font-family:'Arial';left:5px;top:540px;">comply with certain agreements<div style="display:inline-block;width:2px;white-space:pre"> </div>or covenants, failure to<div style="display:inline-block;width:2px;white-space:pre"> </div>pay or acceleration of<div style="display:inline-block;width:2px;white-space:pre"> </div>certain other indebtedness, certain </div><div id="a44552" style="position:absolute;font-family:'Arial';left:5px;top:555px;">events of<div style="display:inline-block;width:2px;white-space:pre"> </div>bankruptcy and<div style="display:inline-block;width:2px;white-space:pre"> </div>insolvency, and failure to<div style="display:inline-block;width:2px;white-space:pre"> </div>pay certain<div style="display:inline-block;width:2px;white-space:pre"> </div>judgments. An<div style="display:inline-block;width:2px;white-space:pre"> </div>event of<div style="display:inline-block;width:2px;white-space:pre"> </div>default under<div style="display:inline-block;width:2px;white-space:pre"> </div>the Indenture </div><div id="a44554" style="position:absolute;font-family:'Arial';left:5px;top:571px;">will allow either the<div style="display:inline-block;width:5px;white-space:pre"> </div>trustee or the holders<div style="display:inline-block;width:5px;white-space:pre"> </div>of at least </div><div id="a44554_57_2" style="position:absolute;font-family:'Arial';left:315px;top:571px;">25</div><div id="a44554_59_56" style="position:absolute;font-family:'Arial';left:330px;top:571px;">% in aggregate principal<div style="display:inline-block;width:5px;white-space:pre"> </div>amount of the then-outstanding </div></div></div><div id="TextBlockContainer2513" style="position:relative;line-height:normal;width:676px;height:120px;"><div id="TextContainer2513" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a44570" style="position:absolute;font-family:'Arial';left:5px;top:0px;">Notes<div style="display:inline-block;width:5px;white-space:pre"> </div>to<div style="display:inline-block;width:5px;white-space:pre"> </div>accelerate,<div style="display:inline-block;width:5px;white-space:pre"> </div>or<div style="display:inline-block;width:5px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>certain<div style="display:inline-block;width:5px;white-space:pre"> </div>cases,<div style="display:inline-block;width:5px;white-space:pre"> </div>will<div style="display:inline-block;width:5px;white-space:pre"> </div>automatically<div style="display:inline-block;width:5px;white-space:pre"> </div>cause<div style="display:inline-block;width:5px;white-space:pre"> </div>acceleration<div style="display:inline-block;width:5px;white-space:pre"> </div>of,<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>amounts<div style="display:inline-block;width:5px;white-space:pre"> </div>due<div style="display:inline-block;width:5px;white-space:pre"> </div>under<div style="display:inline-block;width:5px;white-space:pre"> </div>the </div><div id="a44571" style="position:absolute;font-family:'Arial';left:5px;top:15px;">Notes. </div><div id="a44573" style="position:absolute;font-family:'Arial';left:5px;top:44px;">As of December 31, 2025, the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company was in compliance with<div style="display:inline-block;width:5px;white-space:pre"> </div>all applicable covenants under the<div style="display:inline-block;width:5px;white-space:pre"> </div>2029 Notes </div><div id="a44583" style="position:absolute;font-family:'Arial';left:5px;top:59px;">Indenture. </div><div id="a44585" style="position:absolute;font-family:'Arial';left:5px;top:88px;">The<div style="display:inline-block;width:5px;white-space:pre"> </div>carrying<div style="display:inline-block;width:5px;white-space:pre"> </div>value<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>debt<div style="display:inline-block;width:5px;white-space:pre"> </div>issuance<div style="display:inline-block;width:5px;white-space:pre"> </div>costs,<div style="display:inline-block;width:5px;white-space:pre"> </div>recorded<div style="display:inline-block;width:5px;white-space:pre"> </div>as<div style="display:inline-block;width:5px;white-space:pre"> </div>a<div style="display:inline-block;width:5px;white-space:pre"> </div>direct<div style="display:inline-block;width:5px;white-space:pre"> </div>deduction<div style="display:inline-block;width:5px;white-space:pre"> </div>from<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>face<div style="display:inline-block;width:5px;white-space:pre"> </div>amount<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>2029 </div><div id="a44587" style="position:absolute;font-family:'Arial';left:5px;top:103px;">Notes, were $</div><div id="a44587_13_3" style="position:absolute;font-family:'Arial';left:87px;top:103px;">9.2</div><div id="a44587_16_14" style="position:absolute;font-family:'Arial';left:106px;top:103px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million and $</div><div id="a44587_30_4" style="position:absolute;font-family:'Arial';left:184px;top:103px;">11.1</div><div id="a44587_34_69" style="position:absolute;font-family:'Arial';left:210px;top:103px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million as at December 31, 2025 and December 31, 2024,<div style="display:inline-block;width:5px;white-space:pre"> </div>respectively.</div></div></div><div id="TextBlockContainer2516" style="position:relative;line-height:normal;width:676px;height:794px;"><div id="TextContainer2516" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a44598" style="position:absolute;font-family:'Arial';font-style:italic;left:5px;top:0px;">Asset Based Revolving Credit Facility<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a44600" style="position:absolute;font-family:'Arial';left:5px;top:29px;">On<div style="display:inline-block;width:6px;white-space:pre"> </div>November<div style="display:inline-block;width:6px;white-space:pre"> </div>27,<div style="display:inline-block;width:6px;white-space:pre"> </div>2025,<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Amendment<div style="display:inline-block;width:6px;white-space:pre"> </div>Date,<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company,<div style="display:inline-block;width:7px;white-space:pre"> </div>Coronado<div style="display:inline-block;width:6px;white-space:pre"> </div>Finance<div style="display:inline-block;width:6px;white-space:pre"> </div>Pty<div style="display:inline-block;width:6px;white-space:pre"> </div>Ltd,<div style="display:inline-block;width:6px;white-space:pre"> </div>an<div style="display:inline-block;width:6px;white-space:pre"> </div>Australian </div><div id="a44605" style="position:absolute;font-family:'Arial';left:5px;top:44px;">proprietary company and<div style="display:inline-block;width:5px;white-space:pre"> </div>a wholly owned<div style="display:inline-block;width:5px;white-space:pre"> </div>subsidiary of the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company,<div style="display:inline-block;width:5px;white-space:pre"> </div>Coronado Curragh Pty<div style="display:inline-block;width:5px;white-space:pre"> </div>Ltd, an Australian </div><div id="a44606" style="position:absolute;font-family:'Arial';left:5px;top:59px;">proprietary company and wholly owned subsidiary of the Company (together with Coronado Finance Pty<div style="display:inline-block;width:2px;white-space:pre"> </div>Ltd, the </div><div id="a44610" style="position:absolute;font-family:'Arial';left:5px;top:75px;">Borrowers), and the other guarantors party thereto, collectively with the Company, the Guarantors,<div style="display:inline-block;width:3px;white-space:pre"> </div>and, together </div><div id="a44619" style="position:absolute;font-family:'Arial';left:5px;top:90px;">with the Company and the Borrowers, the Obligors,<div style="display:inline-block;width:3px;white-space:pre"> </div>entered into the ABL Facility for an initial aggregate principal </div><div id="a44627" style="position:absolute;font-family:'Arial';left:5px;top:105px;">amount<div style="display:inline-block;width:8px;white-space:pre"> </div>of<div style="display:inline-block;width:7px;white-space:pre"> </div>$</div><div id="a44627_11_5" style="position:absolute;font-family:'Arial';left:83px;top:105px;">265.0</div><div id="a44627_16_12" style="position:absolute;font-family:'Arial';left:116px;top:105px;"><div style="display:inline-block;width:8px;white-space:pre"> </div>million<div style="display:inline-block;width:8px;white-space:pre"> </div>(A$</div><div id="a44627_28_5" style="position:absolute;font-family:'Arial';left:190px;top:105px;">406.6</div><div id="a44627_33_69" style="position:absolute;font-family:'Arial';left:224px;top:105px;"><div style="display:inline-block;width:8px;white-space:pre"> </div>million)<div style="display:inline-block;width:8px;white-space:pre"> </div>with<div style="display:inline-block;width:8px;white-space:pre"> </div>Global<div style="display:inline-block;width:8px;white-space:pre"> </div>Loan<div style="display:inline-block;width:8px;white-space:pre"> </div>Agency<div style="display:inline-block;width:8px;white-space:pre"> </div>Services<div style="display:inline-block;width:8px;white-space:pre"> </div>Australia<div style="display:inline-block;width:8px;white-space:pre"> </div>Pty<div style="display:inline-block;width:8px;white-space:pre"> </div>Ltd,<div style="display:inline-block;width:8px;white-space:pre"> </div>as<div style="display:inline-block;width:8px;white-space:pre"> </div>the </div><div id="a44635" style="position:absolute;font-family:'Arial';left:5px;top:121px;">Administrative<div style="display:inline-block;width:7px;white-space:pre"> </div>Agent,<div style="display:inline-block;width:7px;white-space:pre"> </div>Global<div style="display:inline-block;width:7px;white-space:pre"> </div>Loan<div style="display:inline-block;width:7px;white-space:pre"> </div>Agency<div style="display:inline-block;width:7px;white-space:pre"> </div>Services<div style="display:inline-block;width:7px;white-space:pre"> </div>Australia<div style="display:inline-block;width:7px;white-space:pre"> </div>Nominees<div style="display:inline-block;width:7px;white-space:pre"> </div>Pty<div style="display:inline-block;width:7px;white-space:pre"> </div>Ltd,<div style="display:inline-block;width:7px;white-space:pre"> </div>as<div style="display:inline-block;width:7px;white-space:pre"> </div>Collateral<div style="display:inline-block;width:7px;white-space:pre"> </div>Agent,<div style="display:inline-block;width:7px;white-space:pre"> </div>and </div><div id="a44636" style="position:absolute;font-family:'Arial';left:5px;top:136px;">Stanwell Corporation<div style="display:inline-block;width:6px;white-space:pre"> </div>Limited,<div style="display:inline-block;width:5px;white-space:pre"> </div>as Lender.<div style="display:inline-block;width:6px;white-space:pre"> </div>The ABL<div style="display:inline-block;width:6px;white-space:pre"> </div>Facility replaced<div style="display:inline-block;width:6px;white-space:pre"> </div>the Company’s<div style="display:inline-block;width:6px;white-space:pre"> </div>predecessor credit<div style="display:inline-block;width:6px;white-space:pre"> </div>facility, </div><div id="a44643" style="position:absolute;font-family:'Arial';left:5px;top:151px;">dated May 8,<div style="display:inline-block;width:5px;white-space:pre"> </div>2023 (as<div style="display:inline-block;width:5px;white-space:pre"> </div>amended and<div style="display:inline-block;width:5px;white-space:pre"> </div>restated from<div style="display:inline-block;width:5px;white-space:pre"> </div>time to<div style="display:inline-block;width:5px;white-space:pre"> </div>time) with<div style="display:inline-block;width:5px;white-space:pre"> </div>Highland Park<div style="display:inline-block;width:5px;white-space:pre"> </div>XII Pte.<div style="display:inline-block;width:5px;white-space:pre"> </div>Ltd, an<div style="display:inline-block;width:5px;white-space:pre"> </div>affiliate of </div><div id="a44648" style="position:absolute;font-family:'Arial';left:5px;top:167px;">Oaktree Capital Management<div style="display:inline-block;width:6px;white-space:pre"> </div>L.P.,<div style="display:inline-block;width:6px;white-space:pre"> </div>as lender,<div style="display:inline-block;width:6px;white-space:pre"> </div>which the Company<div style="display:inline-block;width:6px;white-space:pre"> </div>fully repaid in<div style="display:inline-block;width:5px;white-space:pre"> </div>accordance with its<div style="display:inline-block;width:5px;white-space:pre"> </div>terms and </div><div id="a44651" style="position:absolute;font-family:'Arial';left:5px;top:182px;">terminated in connection with entry into the ABL Facility.<div style="display:inline-block;width:6px;white-space:pre"> </div></div><div id="a44657" style="position:absolute;font-family:'Arial';left:5px;top:211px;">The ABL Facility is<div style="display:inline-block;width:2px;white-space:pre"> </div>a revolving credit facility<div style="display:inline-block;width:2px;white-space:pre"> </div>that matures in </div><div id="a44657_64_10" style="position:absolute;font-family:'Arial';left:350px;top:211px;">five years</div><div id="a44657_74_49" style="position:absolute;font-family:'Arial';left:406px;top:211px;">. Availability under the<div style="display:inline-block;width:2px;white-space:pre"> </div>ABL Facility is limited </div><div id="a44660" style="position:absolute;font-family:'Arial';left:5px;top:226px;">to an eligible<div style="display:inline-block;width:6px;white-space:pre"> </div>borrowing base,<div style="display:inline-block;width:5px;white-space:pre"> </div>determined by<div style="display:inline-block;width:5px;white-space:pre"> </div>applying customary<div style="display:inline-block;width:5px;white-space:pre"> </div>advance rates<div style="display:inline-block;width:5px;white-space:pre"> </div>to eligible accounts<div style="display:inline-block;width:6px;white-space:pre"> </div>receivable </div><div id="a44661" style="position:absolute;font-family:'Arial';left:5px;top:241px;">and inventory.<div style="display:inline-block;width:6px;white-space:pre"> </div>Borrowings under<div style="display:inline-block;width:5px;white-space:pre"> </div>the ABL Facility<div style="display:inline-block;width:6px;white-space:pre"> </div>bear interest<div style="display:inline-block;width:5px;white-space:pre"> </div>at a rate<div style="display:inline-block;width:6px;white-space:pre"> </div>of </div><div id="a44661_76_1" style="position:absolute;font-family:'Arial';left:449px;top:241px;">9</div><div id="a44661_77_32" style="position:absolute;font-family:'Arial';left:456px;top:241px;">% per annum,<div style="display:inline-block;width:6px;white-space:pre"> </div>which may increase </div><div id="a44663" style="position:absolute;font-family:'Arial';left:5px;top:257px;">to </div><div id="a44663_3_2" style="position:absolute;font-family:'Arial';left:20px;top:257px;">12</div><div id="a44663_5_65" style="position:absolute;font-family:'Arial';left:34px;top:257px;">% per annum depending on the level of the<div style="display:inline-block;width:5px;white-space:pre"> </div>Borrowing Base Ratio.<div style="display:inline-block;width:4px;white-space:pre"> </div></div><div id="a44671" style="position:absolute;font-family:'Arial';left:5px;top:285px;">As of<div style="display:inline-block;width:6px;white-space:pre"> </div>December<div style="display:inline-block;width:5px;white-space:pre"> </div>31, 2025,<div style="display:inline-block;width:6px;white-space:pre"> </div>the aggregate<div style="display:inline-block;width:6px;white-space:pre"> </div>principal<div style="display:inline-block;width:5px;white-space:pre"> </div>amount outstanding<div style="display:inline-block;width:6px;white-space:pre"> </div>of the<div style="display:inline-block;width:6px;white-space:pre"> </div>ABL Facility<div style="display:inline-block;width:6px;white-space:pre"> </div>was<div style="display:inline-block;width:5px;white-space:pre"> </div>$</div><div id="a44671_93_5" style="position:absolute;font-family:'Arial';left:587px;top:285px;">272.1</div><div id="a44671_98_9" style="position:absolute;font-family:'Arial';left:620px;top:285px;"><div style="display:inline-block;width:5px;white-space:pre"> </div>million </div><div id="a44675" style="position:absolute;font-family:'Arial';left:5px;top:301px;">(A$</div><div id="a44675_3_5" style="position:absolute;font-family:'Arial';left:26px;top:301px;">406.6</div><div id="a44675_8_22" style="position:absolute;font-family:'Arial';left:59px;top:301px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million), including $</div><div id="a44675_30_3" style="position:absolute;font-family:'Arial';left:175px;top:301px;">7.1</div><div id="a44675_33_86" style="position:absolute;font-family:'Arial';left:193px;top:301px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million of foreign currency loss on translation<div style="display:inline-block;width:2px;white-space:pre"> </div>to U.S. dollars being the functional </div><div id="a44680" style="position:absolute;font-family:'Arial';left:5px;top:316px;">currency of Coronado Finance Pty Ltd. </div><div id="a44683" style="position:absolute;font-family:'Arial';left:5px;top:345px;">Amounts outstanding under the ABL Facility<div style="display:inline-block;width:5px;white-space:pre"> </div>are secured by (i) a first-priority lien<div style="display:inline-block;width:5px;white-space:pre"> </div>in the ABL Collateral, and (ii) a </div><div id="a44688" style="position:absolute;font-family:'Arial';left:5px;top:360px;">second-priority lien on substantially all of the Company’s assets<div style="display:inline-block;width:5px;white-space:pre"> </div>and the assets of the guarantors, other than the </div><div id="a44694" style="position:absolute;font-family:'Arial';left:5px;top:375px;">ABL Collateral.<div style="display:inline-block;width:4px;white-space:pre"> </div></div><div id="a44696" style="position:absolute;font-family:'Arial';left:5px;top:404px;">The<div style="display:inline-block;width:5px;white-space:pre"> </div>ABL<div style="display:inline-block;width:5px;white-space:pre"> </div>Facility<div style="display:inline-block;width:5px;white-space:pre"> </div>contains<div style="display:inline-block;width:6px;white-space:pre"> </div>customary<div style="display:inline-block;width:5px;white-space:pre"> </div>representations<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>warranties<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>affirmative<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>negative<div style="display:inline-block;width:5px;white-space:pre"> </div>covenants </div><div id="a44697" style="position:absolute;font-family:'Arial';left:5px;top:419px;">including, among others, a quarterly Borrowing<div style="display:inline-block;width:5px;white-space:pre"> </div>Base Ratio test and, from December 31,<div style="display:inline-block;width:5px;white-space:pre"> </div>2027, the maintenance </div><div id="a44704" style="position:absolute;font-family:'Arial';left:5px;top:435px;">of a gearing ratio and interest coverage ratio. </div><div id="a44707" style="position:absolute;font-family:'Arial';left:5px;top:463px;">The<div style="display:inline-block;width:5px;white-space:pre"> </div>ABL Facility<div style="display:inline-block;width:7px;white-space:pre"> </div>provides<div style="display:inline-block;width:5px;white-space:pre"> </div>for customary<div style="display:inline-block;width:7px;white-space:pre"> </div>events<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>default<div style="display:inline-block;width:5px;white-space:pre"> </div>that<div style="display:inline-block;width:5px;white-space:pre"> </div>may<div style="display:inline-block;width:5px;white-space:pre"> </div>trigger<div style="display:inline-block;width:5px;white-space:pre"> </div>certain<div style="display:inline-block;width:5px;white-space:pre"> </div>repayment<div style="display:inline-block;width:5px;white-space:pre"> </div>obligations<div style="display:inline-block;width:5px;white-space:pre"> </div>and </div><div id="a44708" style="position:absolute;font-family:'Arial';left:5px;top:479px;">review events. A review event will<div style="display:inline-block;width:2px;white-space:pre"> </div>occur under the ABL Facility if<div style="display:inline-block;width:2px;white-space:pre"> </div>the Borrowing Base Ratio is below<div style="display:inline-block;width:2px;white-space:pre"> </div>the specified </div><div id="a44709" style="position:absolute;font-family:'Arial';left:5px;top:494px;">minimum threshold of </div><div id="a44709_21_2" style="position:absolute;font-family:'Arial';left:136px;top:494px;">80</div><div id="a44709_23_84" style="position:absolute;font-family:'Arial';left:151px;top:494px;">%. Following the occurrence<div style="display:inline-block;width:5px;white-space:pre"> </div>of a review event, the Borrowers<div style="display:inline-block;width:6px;white-space:pre"> </div>must promptly meet and </div><div id="a44713" style="position:absolute;font-family:'Arial';left:5px;top:509px;">consult<div style="display:inline-block;width:5px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>good faith<div style="display:inline-block;width:6px;white-space:pre"> </div>with<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>Administrative<div style="display:inline-block;width:5px;white-space:pre"> </div>Agent<div style="display:inline-block;width:5px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>Lender<div style="display:inline-block;width:5px;white-space:pre"> </div>to<div style="display:inline-block;width:5px;white-space:pre"> </div>determine<div style="display:inline-block;width:5px;white-space:pre"> </div>whether<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>Borrowing<div style="display:inline-block;width:5px;white-space:pre"> </div>Base </div><div id="a44714" style="position:absolute;font-family:'Arial';left:5px;top:525px;">Ratio on<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>next testing<div style="display:inline-block;width:6px;white-space:pre"> </div>date<div style="display:inline-block;width:5px;white-space:pre"> </div>will<div style="display:inline-block;width:5px;white-space:pre"> </div>be<div style="display:inline-block;width:5px;white-space:pre"> </div>above<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>specified<div style="display:inline-block;width:5px;white-space:pre"> </div>minimum<div style="display:inline-block;width:5px;white-space:pre"> </div>threshold.<div style="display:inline-block;width:5px;white-space:pre"> </div>If,<div style="display:inline-block;width:5px;white-space:pre"> </div>at the<div style="display:inline-block;width:6px;white-space:pre"> </div>end<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>a period<div style="display:inline-block;width:6px;white-space:pre"> </div>of </div><div id="a44714_108_2" style="position:absolute;font-family:'Arial';left:648px;top:525px;">10</div><div id="a44717" style="position:absolute;font-family:'Arial';left:5px;top:540px;">business days after<div style="display:inline-block;width:2px;white-space:pre"> </div>the occurrence of<div style="display:inline-block;width:2px;white-space:pre"> </div>the review event,<div style="display:inline-block;width:2px;white-space:pre"> </div>the Lender is<div style="display:inline-block;width:2px;white-space:pre"> </div>not satisfied with<div style="display:inline-block;width:2px;white-space:pre"> </div>the result<div style="display:inline-block;width:2px;white-space:pre"> </div>of its discussions </div><div id="a44722" style="position:absolute;font-family:'Arial';left:5px;top:555px;">with<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Borrowers,<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>Lender<div style="display:inline-block;width:6px;white-space:pre"> </div>may<div style="display:inline-block;width:5px;white-space:pre"> </div>require<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Borrowers<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:5px;white-space:pre"> </div>repay<div style="display:inline-block;width:6px;white-space:pre"> </div>outstanding<div style="display:inline-block;width:6px;white-space:pre"> </div>borrowings<div style="display:inline-block;width:6px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>an<div style="display:inline-block;width:6px;white-space:pre"> </div>aggregate </div><div id="a44724" style="position:absolute;font-family:'Arial';left:5px;top:571px;">amount sufficient to restore the Borrowing Base Ratio<div style="display:inline-block;width:5px;white-space:pre"> </div>to the specified minimum threshold. </div><div id="a44726" style="position:absolute;font-family:'Arial';left:5px;top:599px;">In the event of a<div style="display:inline-block;width:2px;white-space:pre"> </div>default by the Borrowers (beyond any applicable<div style="display:inline-block;width:2px;white-space:pre"> </div>grace or cure period, if any),<div style="display:inline-block;width:2px;white-space:pre"> </div>the Administrative </div><div id="a44727" style="position:absolute;font-family:'Arial';left:5px;top:615px;">Agent may and,<div style="display:inline-block;width:2px;white-space:pre"> </div>at the direction<div style="display:inline-block;width:2px;white-space:pre"> </div>of the Lender, shall declare<div style="display:inline-block;width:2px;white-space:pre"> </div>all amounts owing<div style="display:inline-block;width:2px;white-space:pre"> </div>under the ABL<div style="display:inline-block;width:2px;white-space:pre"> </div>Facility immediately </div><div id="a44728" style="position:absolute;font-family:'Arial';left:5px;top:630px;">due and payable, terminate the Lender’s commitment<div style="display:inline-block;width:5px;white-space:pre"> </div>to make loans under the ABL<div style="display:inline-block;width:5px;white-space:pre"> </div>Facility and/or exercise any </div><div id="a44731" style="position:absolute;font-family:'Arial';left:5px;top:645px;">and all remedies and other rights under the ABL Facility. </div><div id="a44733" style="position:absolute;font-family:'Arial';left:5px;top:674px;">In connection with the entry into the ABL Facility, the Company also entered into amendments to its existing<div style="display:inline-block;width:2px;white-space:pre"> </div>coal </div><div id="a44737" style="position:absolute;font-family:'Arial';left:5px;top:689px;">supply agreements with Stanwell. Refer to Note 14. “Contract<div style="display:inline-block;width:5px;white-space:pre"> </div>Obligations”<div style="display:inline-block;width:4px;white-space:pre"> </div>for further information. </div><div id="a44743" style="position:absolute;font-family:'Arial';left:5px;top:718px;">To<div style="display:inline-block;width:7px;white-space:pre"> </div>establish<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>ABL<div style="display:inline-block;width:6px;white-space:pre"> </div>Facility,<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company<div style="display:inline-block;width:6px;white-space:pre"> </div>incurred<div style="display:inline-block;width:6px;white-space:pre"> </div>debt<div style="display:inline-block;width:6px;white-space:pre"> </div>issuance<div style="display:inline-block;width:6px;white-space:pre"> </div>costs<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>$</div><div id="a44743_76_3" style="position:absolute;font-family:'Arial';left:481px;top:718px;">1.0</div><div id="a44743_79_28" style="position:absolute;font-family:'Arial';left:500px;top:718px;"><div style="display:inline-block;width:6px;white-space:pre"> </div>million.<div style="display:inline-block;width:6px;white-space:pre"> </div>The<div style="display:inline-block;width:6px;white-space:pre"> </div>deferred<div style="display:inline-block;width:6px;white-space:pre"> </div>debt </div><div id="a44747" style="position:absolute;font-family:'Arial';left:5px;top:733px;">issuance costs were recognized as an asset which is amortized<div style="display:inline-block;width:5px;white-space:pre"> </div>ratably over the term of the ABL Facility.<div style="display:inline-block;width:6px;white-space:pre"> </div></div><div id="a44750" style="position:absolute;font-family:'Arial';left:5px;top:762px;">The carrying value of<div style="display:inline-block;width:5px;white-space:pre"> </div>debt issuance costs,<div style="display:inline-block;width:5px;white-space:pre"> </div>recorded as “Other<div style="display:inline-block;width:5px;white-space:pre"> </div>non-current assets” in<div style="display:inline-block;width:5px;white-space:pre"> </div>the Consolidated Balance </div><div id="a44753" style="position:absolute;font-family:'Arial';left:5px;top:777px;">Sheets, was $</div><div id="a44753_13_3" style="position:absolute;font-family:'Arial';left:89px;top:777px;">1.0</div><div id="a44753_16_34" style="position:absolute;font-family:'Arial';left:107px;top:777px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million as of December 31, 2025. </div></div></div><div id="TextBlockContainer2519" style="position:relative;line-height:normal;width:676px;height:329px;"><div id="TextContainer2519" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a44772" style="position:absolute;font-family:'Arial';font-style:italic;left:5px;top:0px;">Loss on debt extinguishment in relation to predecessor<div style="display:inline-block;width:5px;white-space:pre"> </div>credit facilities </div><div id="a44776" style="position:absolute;font-family:'Arial';left:5px;top:29px;">The predecessor credit facilities<div style="display:inline-block;width:5px;white-space:pre"> </div>were extinguished on June<div style="display:inline-block;width:5px;white-space:pre"> </div>18, 2025, and November<div style="display:inline-block;width:5px;white-space:pre"> </div>27, 2025, and as a<div style="display:inline-block;width:5px;white-space:pre"> </div>result, </div><div id="a44783" style="position:absolute;font-family:'Arial';left:5px;top:44px;">outstanding<div style="display:inline-block;width:7px;white-space:pre"> </div>deferred<div style="display:inline-block;width:7px;white-space:pre"> </div>debt<div style="display:inline-block;width:7px;white-space:pre"> </div>issuance<div style="display:inline-block;width:7px;white-space:pre"> </div>costs<div style="display:inline-block;width:7px;white-space:pre"> </div>of<div style="display:inline-block;width:7px;white-space:pre"> </div>$</div><div id="a44783_45_3" style="position:absolute;font-family:'Arial';left:293px;top:44px;">7.0</div><div id="a44783_48_14" style="position:absolute;font-family:'Arial';left:312px;top:44px;"><div style="display:inline-block;width:7px;white-space:pre"> </div>million<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>$</div><div id="a44783_62_4" style="position:absolute;font-family:'Arial';left:400px;top:44px;">12.3</div><div id="a44783_66_36" style="position:absolute;font-family:'Arial';left:426px;top:44px;"><div style="display:inline-block;width:7px;white-space:pre"> </div>million<div style="display:inline-block;width:7px;white-space:pre"> </div>of<div style="display:inline-block;width:7px;white-space:pre"> </div>make-whole<div style="display:inline-block;width:7px;white-space:pre"> </div>premium<div style="display:inline-block;width:7px;white-space:pre"> </div>were </div><div id="a44792" style="position:absolute;font-family:'Arial';left:5px;top:59px;">recognized<div style="display:inline-block;width:6px;white-space:pre"> </div>as<div style="display:inline-block;width:6px;white-space:pre"> </div>a<div style="display:inline-block;width:6px;white-space:pre"> </div>loss<div style="display:inline-block;width:6px;white-space:pre"> </div>on<div style="display:inline-block;width:6px;white-space:pre"> </div>debt<div style="display:inline-block;width:6px;white-space:pre"> </div>extinguishment<div style="display:inline-block;width:6px;white-space:pre"> </div>in<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company’s<div style="display:inline-block;width:7px;white-space:pre"> </div>Consolidated<div style="display:inline-block;width:6px;white-space:pre"> </div>Statement<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>Operations<div style="display:inline-block;width:6px;white-space:pre"> </div>and </div><div id="a44794" style="position:absolute;font-family:'Arial';left:5px;top:75px;">Comprehensive Income for the year ended December<div style="display:inline-block;width:5px;white-space:pre"> </div>31, 2025. </div><div id="a44798" style="position:absolute;font-family:'Arial';font-style:italic;left:5px;top:103px;">Loan – Curragh Housing Transaction </div><div id="a44803" style="position:absolute;font-family:'Arial';left:5px;top:132px;">On<div style="display:inline-block;width:7px;white-space:pre"> </div>May<div style="display:inline-block;width:7px;white-space:pre"> </div>16,<div style="display:inline-block;width:7px;white-space:pre"> </div>2024,<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>Company<div style="display:inline-block;width:7px;white-space:pre"> </div>completed<div style="display:inline-block;width:7px;white-space:pre"> </div>an<div style="display:inline-block;width:7px;white-space:pre"> </div>agreement<div style="display:inline-block;width:7px;white-space:pre"> </div>for<div style="display:inline-block;width:7px;white-space:pre"> </div>accommodation<div style="display:inline-block;width:7px;white-space:pre"> </div>services<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>sale<div style="display:inline-block;width:7px;white-space:pre"> </div>and </div><div id="a44804" style="position:absolute;font-family:'Arial';left:5px;top:147px;">leaseback<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>housing<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>accommodation<div style="display:inline-block;width:6px;white-space:pre"> </div>assets<div style="display:inline-block;width:6px;white-space:pre"> </div>with<div style="display:inline-block;width:6px;white-space:pre"> </div>a<div style="display:inline-block;width:6px;white-space:pre"> </div>regional<div style="display:inline-block;width:6px;white-space:pre"> </div>infrastructure<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>accommodation<div style="display:inline-block;width:6px;white-space:pre"> </div>service </div><div id="a44805" style="position:absolute;font-family:'Arial';left:5px;top:163px;">provider, or collectively, the Curragh Housing<div style="display:inline-block;width:2px;white-space:pre"> </div>Transaction. Refer to Note<div style="display:inline-block;width:2px;white-space:pre"> </div>16 “Other Financial<div style="display:inline-block;width:2px;white-space:pre"> </div>Liabilities” for further </div><div id="a44810" style="position:absolute;font-family:'Arial';left:5px;top:178px;">information. </div><div id="a44812" style="position:absolute;font-family:'Arial';left:5px;top:207px;">In connection with the Curragh Housing Transaction, the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company borrowed $</div><div id="a44812_74_4" style="position:absolute;font-family:'Arial';left:468px;top:207px;">26.9</div><div id="a44812_78_12" style="position:absolute;font-family:'Arial';left:494px;top:207px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million (A$</div><div id="a44812_90_4" style="position:absolute;font-family:'Arial';left:560px;top:207px;">40.4</div><div id="a44812_94_15" style="position:absolute;font-family:'Arial';left:586px;top:207px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million) from </div><div id="a44813" style="position:absolute;font-family:'Arial';left:5px;top:222px;">the same<div style="display:inline-block;width:6px;white-space:pre"> </div>regional<div style="display:inline-block;width:5px;white-space:pre"> </div>infrastructure<div style="display:inline-block;width:5px;white-space:pre"> </div>and accommodation<div style="display:inline-block;width:6px;white-space:pre"> </div>service provider.<div style="display:inline-block;width:7px;white-space:pre"> </div>This amount<div style="display:inline-block;width:6px;white-space:pre"> </div>was recorded<div style="display:inline-block;width:6px;white-space:pre"> </div>as “Interest </div><div id="a44814" style="position:absolute;font-family:'Arial';left:5px;top:237px;">Bearing<div style="display:inline-block;width:6px;white-space:pre"> </div>Liabilities”<div style="display:inline-block;width:6px;white-space:pre"> </div>in<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Consolidated<div style="display:inline-block;width:6px;white-space:pre"> </div>Balance<div style="display:inline-block;width:6px;white-space:pre"> </div>Sheets.<div style="display:inline-block;width:6px;white-space:pre"> </div>The<div style="display:inline-block;width:6px;white-space:pre"> </div>amount<div style="display:inline-block;width:6px;white-space:pre"> </div>borrowed<div style="display:inline-block;width:6px;white-space:pre"> </div>is<div style="display:inline-block;width:6px;white-space:pre"> </div>payable<div style="display:inline-block;width:6px;white-space:pre"> </div>in<div style="display:inline-block;width:6px;white-space:pre"> </div>equal<div style="display:inline-block;width:6px;white-space:pre"> </div>monthly </div><div id="a44819" style="position:absolute;font-family:'Arial';left:5px;top:253px;">installments<div style="display:inline-block;width:6px;white-space:pre"> </div>over<div style="display:inline-block;width:6px;white-space:pre"> </div>a<div style="display:inline-block;width:6px;white-space:pre"> </div>period<div style="display:inline-block;width:6px;white-space:pre"> </div>of </div><div id="a44819_30_9" style="position:absolute;font-family:'Arial';left:185px;top:253px;">ten years</div><div id="a44819_39_55" style="position:absolute;font-family:'Arial';left:242px;top:253px;"><div style="display:inline-block;width:6px;white-space:pre"> </div>from<div style="display:inline-block;width:6px;white-space:pre"> </div>commencement,<div style="display:inline-block;width:6px;white-space:pre"> </div>with<div style="display:inline-block;width:6px;white-space:pre"> </div>an<div style="display:inline-block;width:6px;white-space:pre"> </div>effective<div style="display:inline-block;width:6px;white-space:pre"> </div>interest<div style="display:inline-block;width:6px;white-space:pre"> </div>rate<div style="display:inline-block;width:6px;white-space:pre"> </div>of </div><div id="a44819_94_5" style="position:absolute;font-family:'Arial';left:585px;top:253px;">14.14</div><div id="a44819_99_7" style="position:absolute;font-family:'Arial';left:618px;top:253px;">%.<div style="display:inline-block;width:6px;white-space:pre"> </div>The </div><div id="a44823" style="position:absolute;font-family:'Arial';left:5px;top:268px;">Curragh Housing Transaction loan is not<div style="display:inline-block;width:5px;white-space:pre"> </div>subject to any financial covenants. </div><div id="a44825" style="position:absolute;font-family:'Arial';left:5px;top:297px;">The carrying value of the loan, net of issuance costs of $</div><div id="a44825_58_3" style="position:absolute;font-family:'Arial';left:337px;top:297px;">1.0</div><div id="a44825_61_15" style="position:absolute;font-family:'Arial';left:356px;top:297px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million, was $</div><div id="a44825_76_4" style="position:absolute;font-family:'Arial';left:439px;top:297px;">23.7</div><div id="a44825_80_34" style="position:absolute;font-family:'Arial';left:465px;top:297px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million as of December 31, 2025, </div><div id="a44827" style="position:absolute;font-family:'Arial';left:5px;top:312px;">$</div><div id="a44827_1_3" style="position:absolute;font-family:'Arial';left:12px;top:312px;">1.7</div><div id="a44827_4_55" style="position:absolute;font-family:'Arial';left:31px;top:312px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million of which is classified as a current liability.</div></div></div> <div id="TextBlockContainer2505" style="position:relative;line-height:normal;width:676px;height:297px;"><div style="position:absolute; width:255.1px; height:1px; left:5px; top:72.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:10.1px; height:1px; left:266px; top:72.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:276.1px; top:72.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:83.4px; height:1px; left:276.7px; top:72.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:11px; height:1px; left:366.1px; top:72.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:377.1px; top:72.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:83.4px; height:1px; left:377.7px; top:72.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:113px; height:1px; left:467.2px; top:72.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:580.2px; top:72.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:15.4px; height:1px; left:580.8px; top:72.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:64px; height:1px; left:602.1px; top:72.6px; background-color:#407EC9; "> </div> <div style="position:absolute; width:10.1px; height:1px; left:266px; top:146.2px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:276.1px; top:146.2px; background-color:#000000; "> </div> <div style="position:absolute; width:83.4px; height:1px; left:276.7px; top:146.2px; background-color:#000000; "> </div> <div style="position:absolute; width:11px; height:1px; left:366.1px; top:146.2px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:377.1px; top:146.2px; background-color:#000000; "> </div> <div style="position:absolute; width:83.4px; height:1px; left:377.7px; top:146.2px; background-color:#000000; "> </div> <div style="position:absolute; width:10.1px; height:1px; left:266px; top:186.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:276.1px; top:186.8px; background-color:#000000; "> </div> <div style="position:absolute; width:83.4px; height:1px; left:276.7px; top:186.8px; background-color:#000000; "> </div> <div style="position:absolute; width:11px; height:1px; left:366.1px; top:186.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:377.1px; top:186.8px; background-color:#000000; "> </div> <div style="position:absolute; width:83.4px; height:1px; left:377.7px; top:186.8px; background-color:#000000; "> </div> <div style="position:absolute; width:10.1px; height:1px; left:266px; top:203.6px; background-color:#000000; "> </div> <div style="position:absolute; width:10.1px; height:1px; left:266px; top:205.6px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:276.1px; top:203.6px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:276.1px; top:205.6px; background-color:#000000; "> </div> <div style="position:absolute; width:81.1px; height:1px; left:279px; top:203.6px; background-color:#000000; "> </div> <div style="position:absolute; width:81.1px; height:1px; left:279px; top:205.6px; background-color:#000000; "> </div> <div style="position:absolute; width:11px; height:1px; left:366.1px; top:203.6px; background-color:#000000; "> </div> <div style="position:absolute; width:11px; height:1px; left:366.1px; top:205.6px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:377.1px; top:203.6px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:377.1px; top:205.6px; background-color:#000000; "> </div> <div style="position:absolute; width:81.1px; height:1px; left:380px; top:203.6px; background-color:#000000; "> </div> <div style="position:absolute; width:81.1px; height:1px; left:380px; top:205.6px; background-color:#000000; "> </div> <div id="TextContainer2505" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a44276" style="position:absolute;font-family:'Arial';left:8px;top:0px;">The following is a summary of the Company's interest-bearing<div style="display:inline-block;width:5px;white-space:pre"> </div>liabilities at December 31, 2025 and 2024: </div><div id="a44292" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:8px;top:60px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>(US$ thousands) </div><div id="a44297" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:283px;top:48px;">December 31, </div><div id="a44298" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:306px;top:60px;">2025 </div><div id="a44302" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:384px;top:48px;">December 31, </div><div id="a44303" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:407px;top:60px;">2024 </div><div id="a44306" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:485px;top:36px;">Weighted Average </div><div id="a44307" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:493px;top:48px;">Interest Rate at </div><div id="a44308" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:484px;top:60px;">December 31, 2025 </div><div id="a44311" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:622px;top:48px;">Final </div><div id="a44312" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:613px;top:60px;">Maturity </div><div id="a44314" style="position:absolute;font-family:'Arial';left:8px;top:75px;">9.25</div><div id="a44314_4_24" style="position:absolute;font-family:'Arial';left:34px;top:75px;">0% Senior Secured Notes </div><div id="a44317" style="position:absolute;font-family:'Arial';left:269px;top:74px;">$ </div><div id="a44319" style="position:absolute;font-family:'Arial';left:305px;top:74px;">400,000</div><div id="a44322" style="position:absolute;font-family:'Arial';left:369px;top:74px;">$ </div><div id="a44324" style="position:absolute;font-family:'Arial';left:406px;top:74px;">400,000</div><div id="a44327" style="position:absolute;font-family:'Arial';left:540px;top:74px;">9.99</div><div id="a44327_4_2" style="position:absolute;font-family:'Arial';left:566px;top:74px;">% </div><div id="a44329" style="position:absolute;font-family:'Arial';font-size:8.64px;left:583px;top:75px;">(2) </div><div id="a44332" style="position:absolute;font-family:'Arial';left:619px;top:74px;">2029</div><div id="a44334" style="position:absolute;font-family:'Arial';left:8px;top:91px;">ABL Facility </div><div id="a44338" style="position:absolute;font-family:'Arial';left:305px;top:91px;">272,115</div><div id="a44342" style="position:absolute;font-family:'Arial';left:441px;top:91px;">—</div><div id="a44345" style="position:absolute;font-family:'Arial';left:540px;top:91px;">9</div><div id="a44345_1_5" style="position:absolute;font-family:'Arial';left:547px;top:91px;">.00% </div><div id="a44349" style="position:absolute;font-family:'Arial';left:619px;top:91px;">2030</div><div id="a44351" style="position:absolute;font-family:'Arial';left:8px;top:109px;">Loan - Curragh Housing Transaction </div><div id="a44358" style="position:absolute;font-family:'Arial';left:313px;top:109px;">24,748</div><div id="a44362" style="position:absolute;font-family:'Arial';left:414px;top:109px;">24,472</div><div id="a44365" style="position:absolute;font-family:'Arial';left:532px;top:109px;">14.14</div><div id="a44365_5_2" style="position:absolute;font-family:'Arial';left:566px;top:109px;">% </div><div id="a44367" style="position:absolute;font-family:'Arial';font-size:8.64px;left:583px;top:110px;">(2) </div><div id="a44370" style="position:absolute;font-family:'Arial';left:619px;top:109px;">2034</div><div id="a44372" style="position:absolute;font-family:'Arial';left:8px;top:129px;">Debt issuance costs</div><div id="a44373" style="position:absolute;font-family:'Arial';font-size:8.64px;left:127px;top:129px;">(1)</div><div id="a44377" style="position:absolute;font-family:'Arial';left:308px;top:129px;display:flex;">(10,203)</div><div id="a44381" style="position:absolute;font-family:'Arial';left:409px;top:129px;display:flex;">(12,165)</div><div id="a44388" style="position:absolute;font-family:'Arial';left:8px;top:149px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>interest bearing liabilities </div><div id="a44392" style="position:absolute;font-family:'Arial';left:305px;top:149px;">686,660</div><div id="a44396" style="position:absolute;font-family:'Arial';left:406px;top:149px;">412,307</div><div id="a44403" style="position:absolute;font-family:'Arial';left:8px;top:169px;">Less: current portion </div><div id="a44407" style="position:absolute;font-family:'Arial';left:315px;top:169px;display:flex;">(1,671)</div><div id="a44411" style="position:absolute;font-family:'Arial';left:416px;top:169px;display:flex;">(1,363)</div><div id="a44418" style="position:absolute;font-family:'Arial';left:8px;top:188px;">Non-current interest-bearing liabilities </div><div id="a44425" style="position:absolute;font-family:'Arial';left:269px;top:188px;">$ </div><div id="a44427" style="position:absolute;font-family:'Arial';left:305px;top:188px;">684,989</div><div id="a44430" style="position:absolute;font-family:'Arial';left:369px;top:188px;">$ </div><div id="a44432" style="position:absolute;font-family:'Arial';left:406px;top:188px;">410,944</div><div id="a44451" style="position:absolute;font-family:'Arial';font-size:6.72px;left:8px;top:222px;">(1) </div><div id="a44452" style="position:absolute;font-family:'Arial';font-size:10.72px;left:18px;top:222px;">Relates to debt<div style="display:inline-block;width:5px;white-space:pre"> </div>issuance costs in<div style="display:inline-block;width:5px;white-space:pre"> </div>connection with the<div style="display:inline-block;width:5px;white-space:pre"> </div>2029 Notes and<div style="display:inline-block;width:4px;white-space:pre"> </div>Curragh Housing Transaction<div style="display:inline-block;width:5px;white-space:pre"> </div>(as defined below).<div style="display:inline-block;width:5px;white-space:pre"> </div>Deferred debt </div><div id="a44455" style="position:absolute;font-family:'Arial';font-size:10.72px;left:8px;top:234px;">issuance costs incurred in connection<div style="display:inline-block;width:2px;white-space:pre"> </div>with the establishment of the ABL<div style="display:inline-block;width:2px;white-space:pre"> </div>Facility have been included within<div style="display:inline-block;width:2px;white-space:pre"> </div>"Other non-current assets" in the </div><div id="a44460" style="position:absolute;font-family:'Arial';font-size:10.72px;left:8px;top:247px;">Consolidated Balance Sheets. </div><div id="a44462" style="position:absolute;font-family:'Arial';font-size:6.72px;left:8px;top:271px;">(2)</div><div id="a44463" style="position:absolute;font-family:'Arial';font-size:10.72px;left:16px;top:271px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>Represents the effective interest rate.<div style="display:inline-block;width:2px;white-space:pre"> </div>The effective interest rate is<div style="display:inline-block;width:2px;white-space:pre"> </div>higher than the implied interest rate<div style="display:inline-block;width:1px;white-space:pre"> </div>as it incorporates the effect of debt </div><div id="a44466" style="position:absolute;font-family:'Arial';font-size:10.72px;left:8px;top:283px;">issuance costs and discount, where applicable.</div></div></div> 0.0925 400000000 400000000 0.0999 2029 272115000 0 0.09 2030 24748000 24472000 0.1414 2034 10203000 12165000 686660000 412307000 1671000 1363000 684989000 410944000 0.09250 400000000.0 0.09250 1.01 1.01 0.90 1 0.25 9200000 11100000 265000000.0 406600000 P5Y 0.09 0.12 272100000 406600000 7100000 0.80 P10D 1000000.0 1000000.0 7000000.0 12300000 26900000 40400000 P10Y 0.1414 1000000.0 23700000 1700000 <div id="TextBlockContainer2522" style="position:relative;line-height:normal;width:548px;height:61px;"><div id="TextContainer2522" style="position:relative;width:548px;z-index:1;font-size:13.28px;"><div id="a44830_1_32" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:9px;top:0px;">16.<div style="display:inline-block;width:2px;white-space:pre"> </div>Other Financial Liabilities </div><div id="a44836" style="position:absolute;font-family:'Arial';left:5px;top:44px;">The following is a summary of other financial liabilities<div style="display:inline-block;width:5px;white-space:pre"> </div>as of December 31, 2025 and 2024:</div></div></div><div id="TextBlockContainer2528" style="position:relative;line-height:normal;width:670px;height:131px;"><div id="div_2525_XBRL_TS_842a855bcc494d998baa23070556911a" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2526" style="position:relative;line-height:normal;width:670px;height:131px;"><div style="position:absolute; width:477.4px; height:1px; left:1px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:10.9px; height:1px; left:488.6px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:499.5px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.6px; height:1px; left:500.1px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:580px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:592px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:68.5px; height:1px; left:592.7px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:10.9px; height:1px; left:488.6px; top:76px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:499.5px; top:76px; background-color:#000000; "> </div> <div style="position:absolute; width:69.6px; height:1px; left:500.1px; top:76px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580px; top:76px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:592px; top:76px; background-color:#000000; "> </div> <div style="position:absolute; width:68.5px; height:1px; left:592.7px; top:76px; background-color:#000000; "> </div> <div style="position:absolute; width:10.9px; height:1px; left:488.6px; top:110.7px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:499.5px; top:110.7px; background-color:#000000; "> </div> <div style="position:absolute; width:69.6px; height:1px; left:500.1px; top:110.7px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580px; top:110.7px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:592px; top:110.7px; background-color:#000000; "> </div> <div style="position:absolute; width:68.5px; height:1px; left:592.7px; top:110.7px; background-color:#000000; "> </div> <div style="position:absolute; width:11.8px; height:1px; left:487.7px; top:129.4px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:498.5px; top:129.4px; background-color:#000000; "> </div> <div style="position:absolute; width:68.4px; height:1px; left:501.4px; top:129.4px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:579.1px; top:129.4px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:591.1px; top:129.4px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:593.9px; top:129.4px; background-color:#000000; "> </div> <div id="TextContainer2526" style="position:relative;width:670px;z-index:1;font-size:13.28px;"><div id="a44841" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:12px;">(US$ thousands) </div><div id="a44844" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:495px;top:0px;">December 31, </div><div id="a44845" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:518px;top:12px;">2025 </div><div id="a44848" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:586px;top:0px;">December 31, </div><div id="a44849" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:609px;top:12px;">2024 </div><div id="a44851" style="position:absolute;font-family:'Arial';left:4px;top:27px;">Collateralized financial liabilities payable to third-party financing<div style="display:inline-block;width:5px;white-space:pre"> </div>companies </div><div id="a44856" style="position:absolute;font-family:'Arial';left:492px;top:27px;">$ </div><div id="a44858" style="position:absolute;font-family:'Arial';left:550px;top:27px;">—</div><div id="a44861" style="position:absolute;font-family:'Arial';left:583px;top:27px;">$ </div><div id="a44863" style="position:absolute;font-family:'Arial';left:621px;top:27px;">4,898</div><div id="a44865" style="position:absolute;font-family:'Arial';left:4px;top:44px;">Collateralized financial liabilities - Curragh Housing Transaction </div><div id="a44872" style="position:absolute;font-family:'Arial';left:523px;top:44px;">21,195</div><div id="a44876" style="position:absolute;font-family:'Arial';left:614px;top:44px;">20,959</div><div id="a44878" style="position:absolute;font-family:'Arial';left:4px;top:61px;">Debt issuance costs </div><div id="a44882" style="position:absolute;font-family:'Arial';left:536px;top:61px;display:flex;">(883)</div><div id="a44886" style="position:absolute;font-family:'Arial';left:628px;top:61px;display:flex;">(988)</div><div id="a44888" style="position:absolute;font-family:'Arial';left:13px;top:79px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>other financial liabilities </div><div id="a44892" style="position:absolute;font-family:'Arial';left:523px;top:79px;">20,312</div><div id="a44896" style="position:absolute;font-family:'Arial';left:614px;top:79px;">24,869</div><div id="a44898" style="position:absolute;font-family:'Arial';left:4px;top:96px;">Less: current portion </div><div id="a44902" style="position:absolute;font-family:'Arial';left:530px;top:96px;">1,424</div><div id="a44906" style="position:absolute;font-family:'Arial';left:621px;top:96px;">5,988</div><div id="a44908" style="position:absolute;font-family:'Arial';left:13px;top:114px;">Other non-current financial liabilities </div><div id="a44913" style="position:absolute;font-family:'Arial';left:492px;top:114px;">$ </div><div id="a44915" style="position:absolute;font-family:'Arial';left:523px;top:114px;">18,888</div><div id="a44918" style="position:absolute;font-family:'Arial';left:583px;top:114px;">$ </div><div id="a44920" style="position:absolute;font-family:'Arial';left:614px;top:114px;">18,881</div></div></div></div></div><div id="TextBlockContainer2531" style="position:relative;line-height:normal;width:676px;height:295px;"><div id="TextContainer2531" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a44922" style="position:absolute;font-family:'Arial';font-style:italic;left:5px;top:0px;">Collateralized financial liabilities – Curragh Housing Transaction </div><div id="a44927" style="position:absolute;font-family:'Arial';left:5px;top:31px;">The Curragh<div style="display:inline-block;width:6px;white-space:pre"> </div>Housing Transaction<div style="display:inline-block;width:6px;white-space:pre"> </div>did not<div style="display:inline-block;width:6px;white-space:pre"> </div>satisfy the<div style="display:inline-block;width:6px;white-space:pre"> </div>sale criteria<div style="display:inline-block;width:6px;white-space:pre"> </div>under Accounting<div style="display:inline-block;width:6px;white-space:pre"> </div>Standards Codification,<div style="display:inline-block;width:6px;white-space:pre"> </div>or </div><div id="a44928" style="position:absolute;font-family:'Arial';left:5px;top:47px;">ASC, 606<div style="display:inline-block;width:5px;white-space:pre"> </div>– </div><div id="a44931" style="position:absolute;font-family:'Arial';font-style:italic;left:79px;top:47px;">Revenues from<div style="display:inline-block;width:6px;white-space:pre"> </div>Contracts with<div style="display:inline-block;width:5px;white-space:pre"> </div>Customers</div><div id="a44932" style="position:absolute;font-family:'Arial';left:329px;top:47px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>and was<div style="display:inline-block;width:5px;white-space:pre"> </div>deemed a<div style="display:inline-block;width:5px;white-space:pre"> </div>financing arrangement.<div style="display:inline-block;width:6px;white-space:pre"> </div>As a<div style="display:inline-block;width:5px;white-space:pre"> </div>result, </div><div id="a44934" style="position:absolute;font-family:'Arial';left:5px;top:62px;">the<div style="display:inline-block;width:7px;white-space:pre"> </div>proceeds<div style="display:inline-block;width:7px;white-space:pre"> </div>of<div style="display:inline-block;width:7px;white-space:pre"> </div>$</div><div id="a44934_17_4" style="position:absolute;font-family:'Arial';left:117px;top:62px;">23.0</div><div id="a44934_21_12" style="position:absolute;font-family:'Arial';left:143px;top:62px;"><div style="display:inline-block;width:7px;white-space:pre"> </div>million<div style="display:inline-block;width:7px;white-space:pre"> </div>(A$</div><div id="a44934_33_4" style="position:absolute;font-family:'Arial';left:215px;top:62px;">34.6</div><div id="a44934_37_69" style="position:absolute;font-family:'Arial';left:240px;top:62px;"><div style="display:inline-block;width:7px;white-space:pre"> </div>million)<div style="display:inline-block;width:7px;white-space:pre"> </div>received<div style="display:inline-block;width:7px;white-space:pre"> </div>for<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>sale<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>leaseback<div style="display:inline-block;width:7px;white-space:pre"> </div>of<div style="display:inline-block;width:7px;white-space:pre"> </div>property,<div style="display:inline-block;width:8px;white-space:pre"> </div>plant<div style="display:inline-block;width:7px;white-space:pre"> </div>and </div><div id="a44936" style="position:absolute;font-family:'Arial';left:5px;top:77px;">equipment<div style="display:inline-block;width:6px;white-space:pre"> </div>owned<div style="display:inline-block;width:5px;white-space:pre"> </div>by<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company<div style="display:inline-block;width:5px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>connection<div style="display:inline-block;width:6px;white-space:pre"> </div>with<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>Curragh<div style="display:inline-block;width:5px;white-space:pre"> </div>Housing<div style="display:inline-block;width:6px;white-space:pre"> </div>Transaction<div style="display:inline-block;width:6px;white-space:pre"> </div>were<div style="display:inline-block;width:5px;white-space:pre"> </div>recognized<div style="display:inline-block;width:6px;white-space:pre"> </div>as </div><div id="a44937" style="position:absolute;font-family:'Arial';left:5px;top:93px;">“Other<div style="display:inline-block;width:8px;white-space:pre"> </div>Financial<div style="display:inline-block;width:8px;white-space:pre"> </div>Liabilities”<div style="display:inline-block;width:8px;white-space:pre"> </div>on<div style="display:inline-block;width:8px;white-space:pre"> </div>the<div style="display:inline-block;width:8px;white-space:pre"> </div>Company’s<div style="display:inline-block;width:9px;white-space:pre"> </div>Consolidated<div style="display:inline-block;width:8px;white-space:pre"> </div>Balance<div style="display:inline-block;width:8px;white-space:pre"> </div>Sheets.<div style="display:inline-block;width:8px;white-space:pre"> </div>The<div style="display:inline-block;width:8px;white-space:pre"> </div>term<div style="display:inline-block;width:8px;white-space:pre"> </div>of<div style="display:inline-block;width:8px;white-space:pre"> </div>the<div style="display:inline-block;width:8px;white-space:pre"> </div>financing </div><div id="a44941" style="position:absolute;font-family:'Arial';left:5px;top:108px;">arrangement is </div><div id="a44941_15_9" style="position:absolute;font-family:'Arial';left:99px;top:108px;">ten years</div><div id="a44941_24_36" style="position:absolute;font-family:'Arial';left:154px;top:108px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>with an<div style="display:inline-block;width:5px;white-space:pre"> </div>effective interest<div style="display:inline-block;width:6px;white-space:pre"> </div>rate of </div><div id="a44941_60_5" style="position:absolute;font-family:'Arial';left:351px;top:108px;">14.14</div><div id="a44941_65_51" style="position:absolute;font-family:'Arial';left:384px;top:108px;">%. This<div style="display:inline-block;width:5px;white-space:pre"> </div>liability will<div style="display:inline-block;width:5px;white-space:pre"> </div>be settled<div style="display:inline-block;width:5px;white-space:pre"> </div>in equal<div style="display:inline-block;width:5px;white-space:pre"> </div>monthly </div><div id="a44942" style="position:absolute;font-family:'Arial';left:5px;top:123px;">payments as part of the accommodation services arrangement. </div><div id="a44945" style="position:absolute;font-family:'Arial';left:5px;top:155px;">The<div style="display:inline-block;width:6px;white-space:pre"> </div>Curragh<div style="display:inline-block;width:7px;white-space:pre"> </div>Housing<div style="display:inline-block;width:7px;white-space:pre"> </div>Transaction<div style="display:inline-block;width:7px;white-space:pre"> </div>provided<div style="display:inline-block;width:7px;white-space:pre"> </div>additional<div style="display:inline-block;width:7px;white-space:pre"> </div>liquidity<div style="display:inline-block;width:7px;white-space:pre"> </div>to<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>enhanced<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>level<div style="display:inline-block;width:7px;white-space:pre"> </div>of </div><div id="a44957" style="position:absolute;font-family:'Arial';left:5px;top:170px;">accommodation services<div style="display:inline-block;width:4px;white-space:pre"> </div>for our employees at our Curragh Mine.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a44963" style="position:absolute;font-family:'Arial';left:5px;top:201px;">In<div style="display:inline-block;width:5px;white-space:pre"> </div>connection<div style="display:inline-block;width:5px;white-space:pre"> </div>with<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>Curragh<div style="display:inline-block;width:5px;white-space:pre"> </div>Housing<div style="display:inline-block;width:5px;white-space:pre"> </div>Transaction,<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company<div style="display:inline-block;width:5px;white-space:pre"> </div>granted<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>counterparty<div style="display:inline-block;width:5px;white-space:pre"> </div>mortgages<div style="display:inline-block;width:5px;white-space:pre"> </div>over </div><div id="a44964" style="position:absolute;font-family:'Arial';left:5px;top:217px;">certain<div style="display:inline-block;width:6px;white-space:pre"> </div>leasehold<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>freehold<div style="display:inline-block;width:6px;white-space:pre"> </div>land.<div style="display:inline-block;width:6px;white-space:pre"> </div>The<div style="display:inline-block;width:6px;white-space:pre"> </div>counterparty’s<div style="display:inline-block;width:7px;white-space:pre"> </div>rights<div style="display:inline-block;width:6px;white-space:pre"> </div>are<div style="display:inline-block;width:6px;white-space:pre"> </div>subject<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>a<div style="display:inline-block;width:6px;white-space:pre"> </div>priority<div style="display:inline-block;width:6px;white-space:pre"> </div>deed<div style="display:inline-block;width:6px;white-space:pre"> </div>in<div style="display:inline-block;width:6px;white-space:pre"> </div>favor<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>the </div><div id="a44965" style="position:absolute;font-family:'Arial';left:5px;top:232px;">Company’s senior secured parties including,<div style="display:inline-block;width:5px;white-space:pre"> </div>but not limited to, the holders of the Notes and<div style="display:inline-block;width:5px;white-space:pre"> </div>Stanwell.<div style="display:inline-block;width:4px;white-space:pre"> </div></div><div id="a44970" style="position:absolute;font-family:'Arial';left:5px;top:263px;">The carrying value<div style="display:inline-block;width:2px;white-space:pre"> </div>of this financial<div style="display:inline-block;width:2px;white-space:pre"> </div>liability, net of issuance costs<div style="display:inline-block;width:2px;white-space:pre"> </div>of $</div><div id="a44970_74_3" style="position:absolute;font-family:'Arial';left:400px;top:263px;">0.9</div><div id="a44970_77_15" style="position:absolute;font-family:'Arial';left:418px;top:263px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>million, was $</div><div id="a44970_92_4" style="position:absolute;font-family:'Arial';left:500px;top:263px;">20.3</div><div id="a44970_96_24" style="position:absolute;font-family:'Arial';left:526px;top:263px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>million as at<div style="display:inline-block;width:2px;white-space:pre"> </div>December </div><div id="a44978" style="position:absolute;font-family:'Arial';left:5px;top:279px;">31, 2025, $</div><div id="a44978_11_3" style="position:absolute;font-family:'Arial';left:72px;top:279px;">1.4</div><div id="a44978_14_55" style="position:absolute;font-family:'Arial';left:90px;top:279px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million of which is classified as a current liability.</div></div></div> <div id="TextBlockContainer2526" style="position:relative;line-height:normal;width:670px;height:131px;"><div style="position:absolute; width:477.4px; height:1px; left:1px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:10.9px; height:1px; left:488.6px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:499.5px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.6px; height:1px; left:500.1px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:580px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:592px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:68.5px; height:1px; left:592.7px; top:24.3px; background-color:#407EC9; "> </div> <div style="position:absolute; width:10.9px; height:1px; left:488.6px; top:76px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:499.5px; top:76px; background-color:#000000; "> </div> <div style="position:absolute; width:69.6px; height:1px; left:500.1px; top:76px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580px; top:76px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:592px; top:76px; background-color:#000000; "> </div> <div style="position:absolute; width:68.5px; height:1px; left:592.7px; top:76px; background-color:#000000; "> </div> <div style="position:absolute; width:10.9px; height:1px; left:488.6px; top:110.7px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:499.5px; top:110.7px; background-color:#000000; "> </div> <div style="position:absolute; width:69.6px; height:1px; left:500.1px; top:110.7px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:580px; top:110.7px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:592px; top:110.7px; background-color:#000000; "> </div> <div style="position:absolute; width:68.5px; height:1px; left:592.7px; top:110.7px; background-color:#000000; "> </div> <div style="position:absolute; width:11.8px; height:1px; left:487.7px; top:129.4px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:498.5px; top:129.4px; background-color:#000000; "> </div> <div style="position:absolute; width:68.4px; height:1px; left:501.4px; top:129.4px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:579.1px; top:129.4px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:591.1px; top:129.4px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:593.9px; top:129.4px; background-color:#000000; "> </div> <div id="TextContainer2526" style="position:relative;width:670px;z-index:1;font-size:13.28px;"><div id="a44841" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:12px;">(US$ thousands) </div><div id="a44844" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:495px;top:0px;">December 31, </div><div id="a44845" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:518px;top:12px;">2025 </div><div id="a44848" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:586px;top:0px;">December 31, </div><div id="a44849" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:609px;top:12px;">2024 </div><div id="a44851" style="position:absolute;font-family:'Arial';left:4px;top:27px;">Collateralized financial liabilities payable to third-party financing<div style="display:inline-block;width:5px;white-space:pre"> </div>companies </div><div id="a44856" style="position:absolute;font-family:'Arial';left:492px;top:27px;">$ </div><div id="a44858" style="position:absolute;font-family:'Arial';left:550px;top:27px;">—</div><div id="a44861" style="position:absolute;font-family:'Arial';left:583px;top:27px;">$ </div><div id="a44863" style="position:absolute;font-family:'Arial';left:621px;top:27px;">4,898</div><div id="a44865" style="position:absolute;font-family:'Arial';left:4px;top:44px;">Collateralized financial liabilities - Curragh Housing Transaction </div><div id="a44872" style="position:absolute;font-family:'Arial';left:523px;top:44px;">21,195</div><div id="a44876" style="position:absolute;font-family:'Arial';left:614px;top:44px;">20,959</div><div id="a44878" style="position:absolute;font-family:'Arial';left:4px;top:61px;">Debt issuance costs </div><div id="a44882" style="position:absolute;font-family:'Arial';left:536px;top:61px;display:flex;">(883)</div><div id="a44886" style="position:absolute;font-family:'Arial';left:628px;top:61px;display:flex;">(988)</div><div id="a44888" style="position:absolute;font-family:'Arial';left:13px;top:79px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>other financial liabilities </div><div id="a44892" style="position:absolute;font-family:'Arial';left:523px;top:79px;">20,312</div><div id="a44896" style="position:absolute;font-family:'Arial';left:614px;top:79px;">24,869</div><div id="a44898" style="position:absolute;font-family:'Arial';left:4px;top:96px;">Less: current portion </div><div id="a44902" style="position:absolute;font-family:'Arial';left:530px;top:96px;">1,424</div><div id="a44906" style="position:absolute;font-family:'Arial';left:621px;top:96px;">5,988</div><div id="a44908" style="position:absolute;font-family:'Arial';left:13px;top:114px;">Other non-current financial liabilities </div><div id="a44913" style="position:absolute;font-family:'Arial';left:492px;top:114px;">$ </div><div id="a44915" style="position:absolute;font-family:'Arial';left:523px;top:114px;">18,888</div><div id="a44918" style="position:absolute;font-family:'Arial';left:583px;top:114px;">$ </div><div id="a44920" style="position:absolute;font-family:'Arial';left:614px;top:114px;">18,881</div></div></div> 0 4898000 21195000 20959000 -883000 -988000 20312000 24869000 1424000 5988000 18888000 18881000 23000000.0 34600000 P10Y 0.1414 900000 20300000 1400000 <div id="TextBlockContainer2534" style="position:relative;line-height:normal;width:676px;height:389px;"><div id="TextContainer2534" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a45000" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">17.<div style="display:inline-block;width:5px;white-space:pre"> </div>Workers’ Compensation and Pneumoconiosis (“Black<div style="display:inline-block;width:5px;white-space:pre"> </div>Lung”) Obligations </div><div id="a45004" style="position:absolute;font-family:'Arial';left:5px;top:29px;">In the United States, coal mine operations may lead to traumatic workers’ compensation claims, as well as black </div><div id="a45040" style="position:absolute;font-family:'Arial';left:5px;top:44px;">lung disease claims. Injured workers generally<div style="display:inline-block;width:5px;white-space:pre"> </div>file claims for traumatic injury under<div style="display:inline-block;width:5px;white-space:pre"> </div>the governing state workers’ </div><div id="a45072" style="position:absolute;font-family:'Arial';left:5px;top:59px;">compensation<div style="display:inline-block;width:8px;white-space:pre"> </div>legislation.<div style="display:inline-block;width:8px;white-space:pre"> </div>Workers<div style="display:inline-block;width:8px;white-space:pre"> </div>may<div style="display:inline-block;width:7px;white-space:pre"> </div>file<div style="display:inline-block;width:7px;white-space:pre"> </div>claims<div style="display:inline-block;width:7px;white-space:pre"> </div>due<div style="display:inline-block;width:7px;white-space:pre"> </div>to<div style="display:inline-block;width:7px;white-space:pre"> </div>black<div style="display:inline-block;width:8px;white-space:pre"> </div>lung<div style="display:inline-block;width:7px;white-space:pre"> </div>under<div style="display:inline-block;width:8px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>governing<div style="display:inline-block;width:8px;white-space:pre"> </div>state<div style="display:inline-block;width:7px;white-space:pre"> </div>workers’ </div><div id="a45103" style="position:absolute;font-family:'Arial';left:5px;top:75px;">compensation legislation or under a series<div style="display:inline-block;width:5px;white-space:pre"> </div>of federal laws that include the<div style="display:inline-block;width:5px;white-space:pre"> </div>Federal Coal Mine Health and<div style="display:inline-block;width:5px;white-space:pre"> </div>Safety </div><div id="a45139" style="position:absolute;font-family:'Arial';left:5px;top:90px;">Act of 1969, as amended, the Black Lung Benefits Act of<div style="display:inline-block;width:2px;white-space:pre"> </div>1973, and the Black Lung Benefits Reform Act of 1977. </div><div id="a45181" style="position:absolute;font-family:'Arial';left:5px;top:105px;">The Company provides<div style="display:inline-block;width:2px;white-space:pre"> </div>for both<div style="display:inline-block;width:2px;white-space:pre"> </div>traumatic workers compensation<div style="display:inline-block;width:2px;white-space:pre"> </div>claims and occupational<div style="display:inline-block;width:2px;white-space:pre"> </div>disease claims<div style="display:inline-block;width:2px;white-space:pre"> </div>through </div><div id="a45209" style="position:absolute;font-family:'Arial';left:5px;top:121px;">an insurance policy. </div><div id="a45215" style="position:absolute;font-family:'Arial';left:5px;top:147px;">The<div style="display:inline-block;width:6px;white-space:pre"> </div>Company<div style="display:inline-block;width:6px;white-space:pre"> </div>has<div style="display:inline-block;width:6px;white-space:pre"> </div>secured<div style="display:inline-block;width:6px;white-space:pre"> </div>workers’<div style="display:inline-block;width:6px;white-space:pre"> </div>compensation<div style="display:inline-block;width:6px;white-space:pre"> </div>insurance<div style="display:inline-block;width:6px;white-space:pre"> </div>for<div style="display:inline-block;width:6px;white-space:pre"> </div>work<div style="display:inline-block;width:6px;white-space:pre"> </div>related<div style="display:inline-block;width:6px;white-space:pre"> </div>injuries,<div style="display:inline-block;width:6px;white-space:pre"> </div>including<div style="display:inline-block;width:6px;white-space:pre"> </div>black<div style="display:inline-block;width:6px;white-space:pre"> </div>lung, </div><div id="a45243" style="position:absolute;font-family:'Arial';left:5px;top:162px;">through a<div style="display:inline-block;width:2px;white-space:pre"> </div>third-party commercial insurance<div style="display:inline-block;width:2px;white-space:pre"> </div>company. The insurance policy covers<div style="display:inline-block;width:2px;white-space:pre"> </div>claims that<div style="display:inline-block;width:2px;white-space:pre"> </div>exceed $</div><div id="a45243_100_3" style="position:absolute;font-family:'Arial';left:603px;top:162px;">0.5</div><div id="a45243_103_9" style="position:absolute;font-family:'Arial';left:622px;top:162px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>million </div><div id="a45275" style="position:absolute;font-family:'Arial';left:5px;top:177px;">per occurrence for all years,<div style="display:inline-block;width:5px;white-space:pre"> </div>or aggregate claims in excess<div style="display:inline-block;width:6px;white-space:pre"> </div>of $</div><div id="a45275_64_4" style="position:absolute;font-family:'Arial';left:378px;top:177px;">29.1</div><div id="a45275_68_45" style="position:absolute;font-family:'Arial';left:404px;top:177px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million for the policy year<div style="display:inline-block;width:5px;white-space:pre"> </div>ended May 2024. </div><div id="a45291" style="position:absolute;font-family:'Arial';left:5px;top:193px;">As of<div style="display:inline-block;width:5px;white-space:pre"> </div>December 31,<div style="display:inline-block;width:6px;white-space:pre"> </div>2025, the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company had<div style="display:inline-block;width:6px;white-space:pre"> </div>provided cash<div style="display:inline-block;width:6px;white-space:pre"> </div>collateral security<div style="display:inline-block;width:6px;white-space:pre"> </div>of $</div><div id="a45291_79_4" style="position:absolute;font-family:'Arial';left:499px;top:193px;">73.2</div><div id="a45291_83_26" style="position:absolute;font-family:'Arial';left:525px;top:193px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million for<div style="display:inline-block;width:6px;white-space:pre"> </div>policy years </div><div id="a45304" style="position:absolute;font-family:'Arial';left:5px;top:208px;">2017 through 2026 (ending May 31, 2026). </div><div id="a45314" style="position:absolute;font-family:'Arial';left:5px;top:234px;">For the<div style="display:inline-block;width:5px;white-space:pre"> </div>years ended<div style="display:inline-block;width:6px;white-space:pre"> </div>December 31, 2025,<div style="display:inline-block;width:6px;white-space:pre"> </div>2024 and<div style="display:inline-block;width:6px;white-space:pre"> </div>2023, the<div style="display:inline-block;width:6px;white-space:pre"> </div>audited Consolidated<div style="display:inline-block;width:6px;white-space:pre"> </div>Statements of<div style="display:inline-block;width:5px;white-space:pre"> </div>Operations </div><div id="a45325" style="position:absolute;font-family:'Arial';left:5px;top:249px;">and<div style="display:inline-block;width:6px;white-space:pre"> </div>Comprehensive<div style="display:inline-block;width:6px;white-space:pre"> </div>Income<div style="display:inline-block;width:6px;white-space:pre"> </div>included<div style="display:inline-block;width:6px;white-space:pre"> </div>Company<div style="display:inline-block;width:6px;white-space:pre"> </div>incurred<div style="display:inline-block;width:6px;white-space:pre"> </div>claims,<div style="display:inline-block;width:6px;white-space:pre"> </div>premium<div style="display:inline-block;width:6px;white-space:pre"> </div>expenses<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>administrative<div style="display:inline-block;width:6px;white-space:pre"> </div>fees </div><div id="a45326" style="position:absolute;font-family:'Arial';left:5px;top:265px;">related<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>workers’<div style="display:inline-block;width:6px;white-space:pre"> </div>compensation<div style="display:inline-block;width:7px;white-space:pre"> </div>benefits<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>$</div><div id="a45326_46_3" style="position:absolute;font-family:'Arial';left:292px;top:265px;">8.9</div><div id="a45326_49_11" style="position:absolute;font-family:'Arial';left:311px;top:265px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million,<div style="display:inline-block;width:7px;white-space:pre"> </div>$</div><div id="a45326_60_3" style="position:absolute;font-family:'Arial';left:370px;top:265px;">8.9</div><div id="a45326_63_14" style="position:absolute;font-family:'Arial';left:388px;top:265px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>$</div><div id="a45326_77_4" style="position:absolute;font-family:'Arial';left:472px;top:265px;">16.3</div><div id="a45326_81_30" style="position:absolute;font-family:'Arial';left:498px;top:265px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million,<div style="display:inline-block;width:6px;white-space:pre"> </div>respectively.<div style="display:inline-block;width:8px;white-space:pre"> </div>As<div style="display:inline-block;width:6px;white-space:pre"> </div>of </div><div id="a45341" style="position:absolute;font-family:'Arial';left:5px;top:280px;">December 31, 2025 and 2024, the estimated workers’ compensation<div style="display:inline-block;width:2px;white-space:pre"> </div>liability was $</div><div id="a45341_79_4" style="position:absolute;font-family:'Arial';left:488px;top:280px;">43.1</div><div id="a45341_83_14" style="position:absolute;font-family:'Arial';left:513px;top:280px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million and $</div><div id="a45341_97_4" style="position:absolute;font-family:'Arial';left:591px;top:280px;">39.1</div><div id="a45341_101_10" style="position:absolute;font-family:'Arial';left:617px;top:280px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million, </div><div id="a45356" style="position:absolute;font-family:'Arial';left:5px;top:295px;">respectively, representing claims incurred but not paid based on<div style="display:inline-block;width:2px;white-space:pre"> </div>the estimate of the<div style="display:inline-block;width:2px;white-space:pre"> </div>outstanding claims under the </div><div id="a45357" style="position:absolute;font-family:'Arial';left:5px;top:311px;">coverage<div style="display:inline-block;width:7px;white-space:pre"> </div>limits<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>actuarially<div style="display:inline-block;width:7px;white-space:pre"> </div>determined<div style="display:inline-block;width:7px;white-space:pre"> </div>retained<div style="display:inline-block;width:7px;white-space:pre"> </div>liability<div style="display:inline-block;width:7px;white-space:pre"> </div>under<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>aggregate<div style="display:inline-block;width:7px;white-space:pre"> </div>claim<div style="display:inline-block;width:7px;white-space:pre"> </div>amount.<div style="display:inline-block;width:7px;white-space:pre"> </div>As<div style="display:inline-block;width:7px;white-space:pre"> </div>of </div><div id="a45359" style="position:absolute;font-family:'Arial';left:5px;top:326px;">December<div style="display:inline-block;width:5px;white-space:pre"> </div>31,<div style="display:inline-block;width:5px;white-space:pre"> </div>2025<div style="display:inline-block;width:5px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>2024,<div style="display:inline-block;width:6px;white-space:pre"> </div>$</div><div id="a45359_29_4" style="position:absolute;font-family:'Arial';left:204px;top:326px;">38.5</div><div id="a45359_33_14" style="position:absolute;font-family:'Arial';left:230px;top:326px;"><div style="display:inline-block;width:5px;white-space:pre"> </div>million<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>$</div><div id="a45359_47_4" style="position:absolute;font-family:'Arial';left:313px;top:326px;">34.4</div><div id="a45359_51_55" style="position:absolute;font-family:'Arial';left:340px;top:326px;"><div style="display:inline-block;width:5px;white-space:pre"> </div>million,<div style="display:inline-block;width:5px;white-space:pre"> </div>respectively,<div style="display:inline-block;width:7px;white-space:pre"> </div>are<div style="display:inline-block;width:5px;white-space:pre"> </div>recorded<div style="display:inline-block;width:5px;white-space:pre"> </div>within<div style="display:inline-block;width:5px;white-space:pre"> </div>“Other<div style="display:inline-block;width:6px;white-space:pre"> </div>non-</div><div id="a45372" style="position:absolute;font-family:'Arial';left:5px;top:341px;">current liabilities” in the Consolidated Balance Sheets.<div style="display:inline-block;width:5px;white-space:pre"> </div>The current portion of the Company’s estimated<div style="display:inline-block;width:5px;white-space:pre"> </div>workers’ </div><div id="a45376" style="position:absolute;font-family:'Arial';left:5px;top:357px;">compensation liabilities are<div style="display:inline-block;width:5px;white-space:pre"> </div>recorded within “Accrued<div style="display:inline-block;width:5px;white-space:pre"> </div>expenses and other<div style="display:inline-block;width:5px;white-space:pre"> </div>current liabilities” in the<div style="display:inline-block;width:5px;white-space:pre"> </div>Consolidated </div><div id="a45377" style="position:absolute;font-family:'Arial';left:5px;top:372px;">Balance Sheets.</div></div></div> 500000 29100000 73200000 8900000 8900000 16300000 43100000 39100000 38500000 34400000 <div id="TextBlockContainer2537" style="position:relative;line-height:normal;width:676px;height:255px;"><div id="TextContainer2537" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a45381" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">18.<div style="display:inline-block;width:5px;white-space:pre"> </div>Employee Benefit Plans </div><div id="a45385" style="position:absolute;font-family:'Arial';left:5px;top:29px;">The<div style="display:inline-block;width:7px;white-space:pre"> </div>Company<div style="display:inline-block;width:7px;white-space:pre"> </div>has<div style="display:inline-block;width:7px;white-space:pre"> </div>a<div style="display:inline-block;width:7px;white-space:pre"> </div>401(k)<div style="display:inline-block;width:7px;white-space:pre"> </div>defined<div style="display:inline-block;width:7px;white-space:pre"> </div>contribution<div style="display:inline-block;width:7px;white-space:pre"> </div>plan<div style="display:inline-block;width:7px;white-space:pre"> </div>in<div style="display:inline-block;width:6px;white-space:pre"> </div>which<div style="display:inline-block;width:7px;white-space:pre"> </div>all<div style="display:inline-block;width:7px;white-space:pre"> </div>U.S.<div style="display:inline-block;width:7px;white-space:pre"> </div>full<div style="display:inline-block;width:7px;white-space:pre"> </div>time<div style="display:inline-block;width:7px;white-space:pre"> </div>employees<div style="display:inline-block;width:7px;white-space:pre"> </div>are<div style="display:inline-block;width:7px;white-space:pre"> </div>eligible<div style="display:inline-block;width:7px;white-space:pre"> </div>to </div><div id="a45393" style="position:absolute;font-family:'Arial';left:5px;top:44px;">participate<div style="display:inline-block;width:8px;white-space:pre"> </div>upon<div style="display:inline-block;width:8px;white-space:pre"> </div>their<div style="display:inline-block;width:8px;white-space:pre"> </div>date<div style="display:inline-block;width:8px;white-space:pre"> </div>of<div style="display:inline-block;width:8px;white-space:pre"> </div>hire.<div style="display:inline-block;width:8px;white-space:pre"> </div>Employees<div style="display:inline-block;width:8px;white-space:pre"> </div>generally<div style="display:inline-block;width:8px;white-space:pre"> </div>may<div style="display:inline-block;width:8px;white-space:pre"> </div>contribute<div style="display:inline-block;width:8px;white-space:pre"> </div>up<div style="display:inline-block;width:8px;white-space:pre"> </div>to </div><div id="a45393_78_3" style="position:absolute;font-family:'Arial';left:511px;top:44px;">100</div><div id="a45393_81_22" style="position:absolute;font-family:'Arial';left:533px;top:44px;">%<div style="display:inline-block;width:8px;white-space:pre"> </div>of<div style="display:inline-block;width:8px;white-space:pre"> </div>their<div style="display:inline-block;width:8px;white-space:pre"> </div>qualifying </div><div id="a45394" style="position:absolute;font-family:'Arial';left:5px;top:59px;">compensation<div style="display:inline-block;width:5px;white-space:pre"> </div>subject<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:5px;white-space:pre"> </div>statutory<div style="display:inline-block;width:6px;white-space:pre"> </div>limitations.<div style="display:inline-block;width:6px;white-space:pre"> </div>The<div style="display:inline-block;width:5px;white-space:pre"> </div>Company<div style="display:inline-block;width:6px;white-space:pre"> </div>matches<div style="display:inline-block;width:6px;white-space:pre"> </div>up<div style="display:inline-block;width:5px;white-space:pre"> </div>to </div><div id="a45394_73_3" style="position:absolute;font-family:'Arial';left:465px;top:59px;">100</div><div id="a45394_76_18" style="position:absolute;font-family:'Arial';left:488px;top:59px;">%<div style="display:inline-block;width:5px;white-space:pre"> </div>up<div style="display:inline-block;width:5px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>first </div><div id="a45394_94_1" style="position:absolute;font-family:'Arial';left:593px;top:59px;">6</div><div id="a45394_95_10" style="position:absolute;font-family:'Arial';left:600px;top:59px;">%<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>each </div><div id="a45400" style="position:absolute;font-family:'Arial';left:5px;top:75px;">participant’s<div style="display:inline-block;width:7px;white-space:pre"> </div>annual<div style="display:inline-block;width:7px;white-space:pre"> </div>compensation<div style="display:inline-block;width:7px;white-space:pre"> </div>for<div style="display:inline-block;width:7px;white-space:pre"> </div>all<div style="display:inline-block;width:7px;white-space:pre"> </div>employees.<div style="display:inline-block;width:7px;white-space:pre"> </div>The<div style="display:inline-block;width:7px;white-space:pre"> </div>Company’s<div style="display:inline-block;width:7px;white-space:pre"> </div>contributions<div style="display:inline-block;width:7px;white-space:pre"> </div>immediately<div style="display:inline-block;width:7px;white-space:pre"> </div>vest.<div style="display:inline-block;width:7px;white-space:pre"> </div>Total </div><div id="a45402" style="position:absolute;font-family:'Arial';left:5px;top:90px;">Company<div style="display:inline-block;width:6px;white-space:pre"> </div>contributions<div style="display:inline-block;width:6px;white-space:pre"> </div>for<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>years<div style="display:inline-block;width:6px;white-space:pre"> </div>ended<div style="display:inline-block;width:6px;white-space:pre"> </div>December<div style="display:inline-block;width:6px;white-space:pre"> </div>31,<div style="display:inline-block;width:6px;white-space:pre"> </div>2025,<div style="display:inline-block;width:6px;white-space:pre"> </div>2024<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>2023<div style="display:inline-block;width:6px;white-space:pre"> </div>amounted<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>$</div><div id="a45402_88_3" style="position:absolute;font-family:'Arial';left:599px;top:90px;">5.1</div><div id="a45402_91_10" style="position:absolute;font-family:'Arial';left:618px;top:90px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million, </div><div id="a45416" style="position:absolute;font-family:'Arial';left:5px;top:105px;">$</div><div id="a45416_1_3" style="position:absolute;font-family:'Arial';left:12px;top:105px;">5.9</div><div id="a45416_4_14" style="position:absolute;font-family:'Arial';left:31px;top:105px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million and $</div><div id="a45416_18_3" style="position:absolute;font-family:'Arial';left:109px;top:105px;">5.5</div><div id="a45416_21_24" style="position:absolute;font-family:'Arial';left:128px;top:105px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million, respectively. </div><div id="a45424" style="position:absolute;font-family:'Arial';left:5px;top:131px;">In the United States, the Company is self-insured for<div style="display:inline-block;width:2px;white-space:pre"> </div>employee health care claims up to the lesser of $</div><div id="a45424_103_3" style="position:absolute;font-family:'Arial';left:602px;top:131px;">0.2</div><div id="a45424_106_9" style="position:absolute;font-family:'Arial';left:621px;top:131px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million </div><div id="a45430" style="position:absolute;font-family:'Arial';left:5px;top:147px;">per<div style="display:inline-block;width:7px;white-space:pre"> </div>covered<div style="display:inline-block;width:7px;white-space:pre"> </div>person<div style="display:inline-block;width:7px;white-space:pre"> </div>or<div style="display:inline-block;width:7px;white-space:pre"> </div>an<div style="display:inline-block;width:7px;white-space:pre"> </div>aggregate<div style="display:inline-block;width:7px;white-space:pre"> </div>amount<div style="display:inline-block;width:7px;white-space:pre"> </div>depending<div style="display:inline-block;width:7px;white-space:pre"> </div>on<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>various<div style="display:inline-block;width:7px;white-space:pre"> </div>coverages<div style="display:inline-block;width:7px;white-space:pre"> </div>provided<div style="display:inline-block;width:7px;white-space:pre"> </div>to<div style="display:inline-block;width:7px;white-space:pre"> </div>employees </div><div id="a45431" style="position:absolute;font-family:'Arial';left:5px;top:162px;">throughout the plan year<div style="display:inline-block;width:2px;white-space:pre"> </div>for all employees. The<div style="display:inline-block;width:2px;white-space:pre"> </div>Company has purchased coverage from<div style="display:inline-block;width:2px;white-space:pre"> </div>a commercial insurance </div><div id="a45432" style="position:absolute;font-family:'Arial';left:5px;top:177px;">carrier to provide for any claims<div style="display:inline-block;width:2px;white-space:pre"> </div>in excess of these amounts. At<div style="display:inline-block;width:2px;white-space:pre"> </div>December 31, 2025 and 2024, the Company had </div><div id="a45434" style="position:absolute;font-family:'Arial';left:5px;top:193px;">accrued<div style="display:inline-block;width:6px;white-space:pre"> </div>$</div><div id="a45434_9_3" style="position:absolute;font-family:'Arial';left:65px;top:193px;">3.1</div><div id="a45438" style="position:absolute;font-family:'Arial';left:89px;top:193px;">million<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>$</div><div id="a45438_13_3" style="position:absolute;font-family:'Arial';left:168px;top:193px;">2.7</div><div id="a45438_16_79" style="position:absolute;font-family:'Arial';left:186px;top:193px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million,<div style="display:inline-block;width:6px;white-space:pre"> </div>respectively,<div style="display:inline-block;width:7px;white-space:pre"> </div>for<div style="display:inline-block;width:6px;white-space:pre"> </div>claims<div style="display:inline-block;width:6px;white-space:pre"> </div>incurred<div style="display:inline-block;width:6px;white-space:pre"> </div>but<div style="display:inline-block;width:6px;white-space:pre"> </div>not<div style="display:inline-block;width:6px;white-space:pre"> </div>paid<div style="display:inline-block;width:6px;white-space:pre"> </div>based<div style="display:inline-block;width:6px;white-space:pre"> </div>on<div style="display:inline-block;width:6px;white-space:pre"> </div>management’s </div><div id="a45442" style="position:absolute;font-family:'Arial';left:5px;top:208px;">estimate of<div style="display:inline-block;width:5px;white-space:pre"> </div>the Company’s<div style="display:inline-block;width:6px;white-space:pre"> </div>self-insured liability.<div style="display:inline-block;width:7px;white-space:pre"> </div>For the<div style="display:inline-block;width:6px;white-space:pre"> </div>years ended<div style="display:inline-block;width:6px;white-space:pre"> </div>December 31,<div style="display:inline-block;width:6px;white-space:pre"> </div>2025, 2024<div style="display:inline-block;width:6px;white-space:pre"> </div>and 2023,<div style="display:inline-block;width:6px;white-space:pre"> </div>the </div><div id="a45445" style="position:absolute;font-family:'Arial';left:5px;top:223px;">Company incurred<div style="display:inline-block;width:5px;white-space:pre"> </div>claims, premium<div style="display:inline-block;width:5px;white-space:pre"> </div>expenses and<div style="display:inline-block;width:5px;white-space:pre"> </div>administrative fees<div style="display:inline-block;width:5px;white-space:pre"> </div>related to<div style="display:inline-block;width:5px;white-space:pre"> </div>this plan totaled<div style="display:inline-block;width:6px;white-space:pre"> </div>$</div><div id="a45445_96_4" style="position:absolute;font-family:'Arial';left:591px;top:223px;">43.9</div><div id="a45445_100_10" style="position:absolute;font-family:'Arial';left:617px;top:223px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million, </div><div id="a45451" style="position:absolute;font-family:'Arial';left:5px;top:239px;">$</div><div id="a45451_1_4" style="position:absolute;font-family:'Arial';left:12px;top:239px;">40.2</div><div id="a45451_5_14" style="position:absolute;font-family:'Arial';left:38px;top:239px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million and $</div><div id="a45451_19_4" style="position:absolute;font-family:'Arial';left:117px;top:239px;">35.0</div><div id="a45451_23_23" style="position:absolute;font-family:'Arial';left:143px;top:239px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million, respectively.</div></div></div> 1 1 0.06 5100000 5900000 5500000 200000 3100000 2700000 43900000 40200000 35000000.0 <div id="TextBlockContainer2540" style="position:relative;line-height:normal;width:216px;height:17px;"><div id="TextContainer2540" style="position:relative;width:216px;z-index:1;font-size:13.28px;"><div id="a45457" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">19.<div style="display:inline-block;width:5px;white-space:pre"> </div>Stock-Based Compensation</div></div></div><div id="TextBlockContainer2543" style="position:relative;line-height:normal;width:676px;height:150px;"><div id="TextContainer2543" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a45463" style="position:absolute;font-family:'Arial';left:5px;top:0px;">Total<div style="display:inline-block;width:7px;white-space:pre"> </div>stock-based<div style="display:inline-block;width:6px;white-space:pre"> </div>compensation<div style="display:inline-block;width:6px;white-space:pre"> </div>expense<div style="display:inline-block;width:6px;white-space:pre"> </div>was<div style="display:inline-block;width:6px;white-space:pre"> </div>$</div><div id="a45463_44_3" style="position:absolute;font-family:'Arial';left:297px;top:0px;">1.1</div><div id="a45463_47_11" style="position:absolute;font-family:'Arial';left:316px;top:0px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million,<div style="display:inline-block;width:5px;white-space:pre"> </div>$</div><div id="a45463_58_3" style="position:absolute;font-family:'Arial';left:374px;top:0px;">2.1</div><div id="a45463_61_14" style="position:absolute;font-family:'Arial';left:393px;top:0px;"><div style="display:inline-block;width:5px;white-space:pre"> </div>million<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>$</div><div id="a45463_75_3" style="position:absolute;font-family:'Arial';left:476px;top:0px;">2.9</div><div id="a45463_78_29" style="position:absolute;font-family:'Arial';left:494px;top:0px;"><div style="display:inline-block;width:5px;white-space:pre"> </div>million<div style="display:inline-block;width:5px;white-space:pre"> </div>for<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>years<div style="display:inline-block;width:6px;white-space:pre"> </div>ended </div><div id="a45481" style="position:absolute;font-family:'Arial';left:5px;top:15px;">December 31,<div style="display:inline-block;width:5px;white-space:pre"> </div>2025,<div style="display:inline-block;width:5px;white-space:pre"> </div>2024<div style="display:inline-block;width:5px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>2023,<div style="display:inline-block;width:5px;white-space:pre"> </div>respectively,<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>was<div style="display:inline-block;width:5px;white-space:pre"> </div>included<div style="display:inline-block;width:5px;white-space:pre"> </div>as a<div style="display:inline-block;width:6px;white-space:pre"> </div>component<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>selling,<div style="display:inline-block;width:5px;white-space:pre"> </div>general,<div style="display:inline-block;width:5px;white-space:pre"> </div>and </div><div id="a45492" style="position:absolute;font-family:'Arial';left:5px;top:31px;">administrative expenses in the Company’s Consolidated Statements of Operations and Comprehensive Income. </div><div id="a45493" style="position:absolute;font-family:'Arial';left:5px;top:46px;">The stock-based compensation expense includes<div style="display:inline-block;width:5px;white-space:pre"> </div>compensation expense recognized in full<div style="display:inline-block;width:5px;white-space:pre"> </div>at the grant date for </div><div id="a45499" style="position:absolute;font-family:'Arial';left:5px;top:61px;">employees that meet certain retirement eligibility criteria<div style="display:inline-block;width:5px;white-space:pre"> </div>per the 2018 Plan (as defined below). </div><div id="a45501" style="position:absolute;font-family:'Arial';left:5px;top:87px;">As of<div style="display:inline-block;width:6px;white-space:pre"> </div>December 31,<div style="display:inline-block;width:5px;white-space:pre"> </div>2025, the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company had<div style="display:inline-block;width:6px;white-space:pre"> </div>$</div><div id="a45501_42_3" style="position:absolute;font-family:'Arial';left:287px;top:87px;">2.8</div><div id="a45501_45_61" style="position:absolute;font-family:'Arial';left:306px;top:87px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million of<div style="display:inline-block;width:6px;white-space:pre"> </div>total unrecognized<div style="display:inline-block;width:6px;white-space:pre"> </div>compensation costs<div style="display:inline-block;width:6px;white-space:pre"> </div>related to </div><div id="a45509" style="position:absolute;font-family:'Arial';left:5px;top:103px;">nonvested stock-based compensation<div style="display:inline-block;width:6px;white-space:pre"> </div>awards granted under<div style="display:inline-block;width:5px;white-space:pre"> </div>its equity incentive<div style="display:inline-block;width:5px;white-space:pre"> </div>plans. This cost<div style="display:inline-block;width:5px;white-space:pre"> </div>is expected to </div><div id="a45514" style="position:absolute;font-family:'Arial';left:5px;top:118px;">be<div style="display:inline-block;width:6px;white-space:pre"> </div>recognized<div style="display:inline-block;width:6px;white-space:pre"> </div>over </div><div id="a45514_19_4" style="position:absolute;font-family:'Arial';left:128px;top:118px;">2.25</div><div id="a45514_23_42" style="position:absolute;font-family:'Arial';left:154px;top:118px;"><div style="display:inline-block;width:6px;white-space:pre"> </div>years,<div style="display:inline-block;width:6px;white-space:pre"> </div>with<div style="display:inline-block;width:6px;white-space:pre"> </div>a<div style="display:inline-block;width:6px;white-space:pre"> </div>weighted-average<div style="display:inline-block;width:6px;white-space:pre"> </div>period<div style="display:inline-block;width:6px;white-space:pre"> </div>of </div><div id="a45514_65_3" style="position:absolute;font-family:'Arial';left:417px;top:118px;">1.4</div><div id="a45514_68_36" style="position:absolute;font-family:'Arial';left:436px;top:118px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>years,<div style="display:inline-block;width:6px;white-space:pre"> </div>as<div style="display:inline-block;width:6px;white-space:pre"> </div>stock-based<div style="display:inline-block;width:6px;white-space:pre"> </div>compensation </div><div id="a45522" style="position:absolute;font-family:'Arial';left:5px;top:133px;">expense. This expected cost does not include the impact of any<div style="display:inline-block;width:5px;white-space:pre"> </div>future stock-based compensation awards.</div></div></div><div id="TextBlockContainer2546" style="position:relative;line-height:normal;width:676px;height:378px;"><div id="TextContainer2546" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a45540" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">a) 2018 Equity Incentive Plan </div><div id="a45542" style="position:absolute;font-family:'Arial';left:5px;top:32px;">In<div style="display:inline-block;width:6px;white-space:pre"> </div>connection<div style="display:inline-block;width:7px;white-space:pre"> </div>with<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>completion<div style="display:inline-block;width:7px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company’s<div style="display:inline-block;width:7px;white-space:pre"> </div>initial<div style="display:inline-block;width:6px;white-space:pre"> </div>public<div style="display:inline-block;width:7px;white-space:pre"> </div>offering<div style="display:inline-block;width:7px;white-space:pre"> </div>of<div style="display:inline-block;width:7px;white-space:pre"> </div>common<div style="display:inline-block;width:7px;white-space:pre"> </div>stock,<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company </div><div id="a45543" style="position:absolute;font-family:'Arial';left:5px;top:48px;">implemented<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>Coronado<div style="display:inline-block;width:7px;white-space:pre"> </div>Global<div style="display:inline-block;width:7px;white-space:pre"> </div>Resources Inc.<div style="display:inline-block;width:7px;white-space:pre"> </div>2018<div style="display:inline-block;width:7px;white-space:pre"> </div>Equity<div style="display:inline-block;width:7px;white-space:pre"> </div>Incentive<div style="display:inline-block;width:7px;white-space:pre"> </div>Plan,<div style="display:inline-block;width:7px;white-space:pre"> </div>or<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>2018<div style="display:inline-block;width:7px;white-space:pre"> </div>Plan,<div style="display:inline-block;width:7px;white-space:pre"> </div>which<div style="display:inline-block;width:7px;white-space:pre"> </div>is </div><div id="a45546" style="position:absolute;font-family:'Arial';left:5px;top:63px;">designed<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>align<div style="display:inline-block;width:6px;white-space:pre"> </div>compensation<div style="display:inline-block;width:6px;white-space:pre"> </div>for<div style="display:inline-block;width:6px;white-space:pre"> </div>certain<div style="display:inline-block;width:6px;white-space:pre"> </div>key<div style="display:inline-block;width:6px;white-space:pre"> </div>employees<div style="display:inline-block;width:6px;white-space:pre"> </div>with<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>performance<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company.<div style="display:inline-block;width:7px;white-space:pre"> </div>Since<div style="display:inline-block;width:6px;white-space:pre"> </div>its </div><div id="a45551" style="position:absolute;font-family:'Arial';left:5px;top:78px;">approval, there have been no updates to the 2018 Plan<div style="display:inline-block;width:5px;white-space:pre"> </div>or issuances<div style="display:inline-block;width:4px;white-space:pre"> </div>of a new plan.<div style="display:inline-block;width:4px;white-space:pre"> </div></div><div id="a45557" style="position:absolute;font-family:'Arial';left:5px;top:110px;">The 2018<div style="display:inline-block;width:6px;white-space:pre"> </div>Plan provides<div style="display:inline-block;width:6px;white-space:pre"> </div>for the<div style="display:inline-block;width:6px;white-space:pre"> </div>grant of<div style="display:inline-block;width:6px;white-space:pre"> </div>awards<div style="display:inline-block;width:5px;white-space:pre"> </div>including stock<div style="display:inline-block;width:6px;white-space:pre"> </div>options, or<div style="display:inline-block;width:6px;white-space:pre"> </div>Options;<div style="display:inline-block;width:5px;white-space:pre"> </div>stock appreciation<div style="display:inline-block;width:6px;white-space:pre"> </div>rights; </div><div id="a45558" style="position:absolute;font-family:'Arial';left:5px;top:125px;">restricted stock units, or RSUs,<div style="display:inline-block;width:3px;white-space:pre"> </div>and restricted stock, which are valued<div style="display:inline-block;width:2px;white-space:pre"> </div>in whole or in part<div style="display:inline-block;width:2px;white-space:pre"> </div>with reference to shares </div><div id="a45564" style="position:absolute;font-family:'Arial';left:5px;top:140px;">of the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company’s CDIs<div style="display:inline-block;width:6px;white-space:pre"> </div>or common<div style="display:inline-block;width:5px;white-space:pre"> </div>stock, as<div style="display:inline-block;width:5px;white-space:pre"> </div>well as<div style="display:inline-block;width:5px;white-space:pre"> </div>performance-based awards,<div style="display:inline-block;width:6px;white-space:pre"> </div>including performance<div style="display:inline-block;width:6px;white-space:pre"> </div>stock </div><div id="a45567" style="position:absolute;font-family:'Arial';left:5px;top:156px;">units, or PSUs, denominated in CDIs<div style="display:inline-block;width:5px;white-space:pre"> </div>or shares of common stock.<div style="display:inline-block;width:5px;white-space:pre"> </div>Each award entitles the holder<div style="display:inline-block;width:5px;white-space:pre"> </div>to receive one </div><div id="a45572" style="position:absolute;font-family:'Arial';left:5px;top:171px;">CDI, with </div><div id="a45572_10_3" style="position:absolute;font-family:'Arial';left:63px;top:171px;">ten</div><div id="a45572_13_88" style="position:absolute;font-family:'Arial';left:81px;top:171px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>CDIs representing one share of common stock,<div style="display:inline-block;width:5px;white-space:pre"> </div>subject to applicable vesting conditions. </div><div id="a45586" style="position:absolute;font-family:'Arial';left:5px;top:202px;">The Company<div style="display:inline-block;width:5px;white-space:pre"> </div>measures the cost<div style="display:inline-block;width:6px;white-space:pre"> </div>of all stock-based<div style="display:inline-block;width:6px;white-space:pre"> </div>compensation, including<div style="display:inline-block;width:5px;white-space:pre"> </div>stock options,<div style="display:inline-block;width:5px;white-space:pre"> </div>at fair value<div style="display:inline-block;width:6px;white-space:pre"> </div>on the </div><div id="a45589" style="position:absolute;font-family:'Arial';left:5px;top:218px;">grant date<div style="display:inline-block;width:5px;white-space:pre"> </div>and recognizes<div style="display:inline-block;width:6px;white-space:pre"> </div>such costs<div style="display:inline-block;width:6px;white-space:pre"> </div>within “Selling,<div style="display:inline-block;width:5px;white-space:pre"> </div>general and<div style="display:inline-block;width:5px;white-space:pre"> </div>administrative expense”<div style="display:inline-block;width:6px;white-space:pre"> </div>in the<div style="display:inline-block;width:5px;white-space:pre"> </div>Consolidated </div><div id="a45590" style="position:absolute;font-family:'Arial';left:5px;top:233px;">Statements of<div style="display:inline-block;width:2px;white-space:pre"> </div>Operations and Comprehensive<div style="display:inline-block;width:2px;white-space:pre"> </div>Income. The<div style="display:inline-block;width:2px;white-space:pre"> </div>Company recognizes compensation<div style="display:inline-block;width:2px;white-space:pre"> </div>expense related </div><div id="a45592" style="position:absolute;font-family:'Arial';left:5px;top:248px;">to Options, PSUs and RSUs<div style="display:inline-block;width:5px;white-space:pre"> </div>that cliff vest using<div style="display:inline-block;width:5px;white-space:pre"> </div>the straight-line method during<div style="display:inline-block;width:5px;white-space:pre"> </div>the requisite service period.<div style="display:inline-block;width:5px;white-space:pre"> </div>For </div><div id="a45605" style="position:absolute;font-family:'Arial';left:5px;top:264px;">stock-based<div style="display:inline-block;width:7px;white-space:pre"> </div>awards<div style="display:inline-block;width:7px;white-space:pre"> </div>where<div style="display:inline-block;width:7px;white-space:pre"> </div>vesting<div style="display:inline-block;width:7px;white-space:pre"> </div>is<div style="display:inline-block;width:7px;white-space:pre"> </div>dependent<div style="display:inline-block;width:7px;white-space:pre"> </div>upon<div style="display:inline-block;width:7px;white-space:pre"> </div>achieving<div style="display:inline-block;width:7px;white-space:pre"> </div>certain<div style="display:inline-block;width:7px;white-space:pre"> </div>operating<div style="display:inline-block;width:7px;white-space:pre"> </div>performance<div style="display:inline-block;width:7px;white-space:pre"> </div>goals,<div style="display:inline-block;width:7px;white-space:pre"> </div>the </div><div id="a45608" style="position:absolute;font-family:'Arial';left:5px;top:279px;">Company<div style="display:inline-block;width:7px;white-space:pre"> </div>estimates<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>likelihood<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:7px;white-space:pre"> </div>achieving<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>performance<div style="display:inline-block;width:7px;white-space:pre"> </div>goals<div style="display:inline-block;width:6px;white-space:pre"> </div>during<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>performance<div style="display:inline-block;width:7px;white-space:pre"> </div>period.<div style="display:inline-block;width:7px;white-space:pre"> </div>The </div><div id="a45610" style="position:absolute;font-family:'Arial';left:5px;top:294px;">Company accounts<div style="display:inline-block;width:4px;white-space:pre"> </div>for forfeitures as and when they occur. </div><div id="a45616" style="position:absolute;font-family:'Arial';left:5px;top:320px;">All awards<div style="display:inline-block;width:6px;white-space:pre"> </div>require<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>grantee<div style="display:inline-block;width:5px;white-space:pre"> </div>to be<div style="display:inline-block;width:6px;white-space:pre"> </div>employed<div style="display:inline-block;width:5px;white-space:pre"> </div>by the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company<div style="display:inline-block;width:5px;white-space:pre"> </div>at the<div style="display:inline-block;width:6px;white-space:pre"> </div>vesting<div style="display:inline-block;width:5px;white-space:pre"> </div>date, except<div style="display:inline-block;width:6px;white-space:pre"> </div>for grantees<div style="display:inline-block;width:6px;white-space:pre"> </div>who </div><div id="a45620" style="position:absolute;font-family:'Arial';left:5px;top:336px;">meet certain retirement criteria under the 2018 Plan. </div><div id="a45622" style="position:absolute;font-family:'Arial';left:5px;top:362px;">The following awards were outstanding under the 2018<div style="display:inline-block;width:5px;white-space:pre"> </div>Plan as of December 31, 2025:</div></div></div><div id="TextBlockContainer2552" style="position:relative;line-height:normal;width:629px;height:82px;"><div id="div_2549_XBRL_TS_45a4a46629574b11897927a88ff53f4c" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2550" style="position:relative;line-height:normal;width:629px;height:82px;"><div style="position:absolute; width:140px; height:1px; left:-39px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:141px; height:1px; left:107.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:216px; height:1px; left:254px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:139px; height:1px; left:476.2px; top:12.1px; background-color:#407EC9; "> </div> <div id="TextContainer2550" style="position:relative;width:629px;z-index:1;font-size:13.28px;"><div id="a45631" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:0px;">Grant year </div><div id="a45634" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:146px;top:0px;">Vesting date </div><div id="a45637" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:311px;top:0px;">Performance period </div><div id="a45640" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:531px;top:0px;">PSUs </div><div id="a45643" style="position:absolute;font-family:'Arial';left:16px;top:15px;">2025 </div><div id="a45646" style="position:absolute;font-family:'Arial';left:144px;top:15px;">31/03/2028 </div><div id="a45649" style="position:absolute;font-family:'Arial';left:289px;top:14px;">01/01/2025 - 31/12/2027 </div><div id="a45655_1_10" style="position:absolute;font-family:'Arial';left:514px;top:14px;">11,082,360</div><div id="a45655_11_2" style="position:absolute;font-family:'Arial';left:580px;top:14px;"><div style="display:inline-block;width:4px;white-space:pre"> </div></div><div id="a45659" style="position:absolute;font-family:'Arial';left:16px;top:32px;">2024 </div><div id="a45662" style="position:absolute;font-family:'Arial';left:144px;top:32px;">31/03/2027 </div><div id="a45665" style="position:absolute;font-family:'Arial';left:289px;top:31px;">01/01/2024 - 31/12/2026 </div><div id="a45671_1_9" style="position:absolute;font-family:'Arial';left:518px;top:31px;">6,374,930</div><div id="a45671_10_2" style="position:absolute;font-family:'Arial';left:577px;top:31px;"><div style="display:inline-block;width:4px;white-space:pre"> </div></div><div id="a45675" style="position:absolute;font-family:'Arial';left:16px;top:49px;">2023 </div><div id="a45678" style="position:absolute;font-family:'Arial';left:144px;top:49px;">31/03/2026 </div><div id="a45681" style="position:absolute;font-family:'Arial';left:289px;top:48px;">01/01/2023 - 31/12/2025 </div><div id="a45687_1_9" style="position:absolute;font-family:'Arial';left:518px;top:48px;">3,596,599</div><div id="a45687_10_2" style="position:absolute;font-family:'Arial';left:577px;top:48px;"><div style="display:inline-block;width:4px;white-space:pre"> </div></div><div id="a45691" style="position:absolute;font-family:'Arial';left:16px;top:66px;">2022 </div><div id="a45694" style="position:absolute;font-family:'Arial';left:144px;top:66px;">31/03/2026 </div><div id="a45697" style="position:absolute;font-family:'Arial';left:289px;top:65px;">01/01/2022 - 31/12/2024 </div><div id="a45703_1_9" style="position:absolute;font-family:'Arial';left:518px;top:65px;">3,125,614</div></div></div></div></div><div id="TextBlockContainer2555" style="position:relative;line-height:normal;width:676px;height:94px;"><div id="TextContainer2555" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a45708" style="position:absolute;font-family:'Arial';left:5px;top:0px;">The vesting of PSUs is subject<div style="display:inline-block;width:5px;white-space:pre"> </div>to the achievement of specified<div style="display:inline-block;width:5px;white-space:pre"> </div>goals over the performance period.<div style="display:inline-block;width:5px;white-space:pre"> </div>These goals </div><div id="a45716" style="position:absolute;font-family:'Arial';left:5px;top:15px;">are<div style="display:inline-block;width:6px;white-space:pre"> </div>relative<div style="display:inline-block;width:6px;white-space:pre"> </div>total<div style="display:inline-block;width:6px;white-space:pre"> </div>shareholder<div style="display:inline-block;width:6px;white-space:pre"> </div>return,<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:6px;white-space:pre"> </div>TSR,<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>scorecard<div style="display:inline-block;width:6px;white-space:pre"> </div>performance<div style="display:inline-block;width:6px;white-space:pre"> </div>metrics,<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Scorecard.<div style="display:inline-block;width:6px;white-space:pre"> </div>TSR<div style="display:inline-block;width:6px;white-space:pre"> </div>is </div><div id="a45722" style="position:absolute;font-family:'Arial';left:5px;top:31px;">determined<div style="display:inline-block;width:7px;white-space:pre"> </div>based<div style="display:inline-block;width:7px;white-space:pre"> </div>on<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>Company’s<div style="display:inline-block;width:7px;white-space:pre"> </div>percentile<div style="display:inline-block;width:7px;white-space:pre"> </div>ranking<div style="display:inline-block;width:7px;white-space:pre"> </div>of<div style="display:inline-block;width:7px;white-space:pre"> </div>TSR<div style="display:inline-block;width:7px;white-space:pre"> </div>over<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>performance<div style="display:inline-block;width:7px;white-space:pre"> </div>period<div style="display:inline-block;width:7px;white-space:pre"> </div>relative<div style="display:inline-block;width:7px;white-space:pre"> </div>to<div style="display:inline-block;width:7px;white-space:pre"> </div>a </div><div id="a45725" style="position:absolute;font-family:'Arial';left:5px;top:46px;">predefined peer group of similar companies. </div><div id="a45731" style="position:absolute;font-family:'Arial';left:5px;top:77px;">The weighting of the TSR and performance metrics applicable<div style="display:inline-block;width:5px;white-space:pre"> </div>to the PSUs granted is summarized below:</div></div></div><div id="TextBlockContainer2559" style="position:relative;line-height:normal;width:673px;height:83px;"><div style="position:absolute; width:100px; height:1px; left:341.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:441.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.4px; height:1px; left:441.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:447.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:99.4px; height:1px; left:447.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:547.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:547.9px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:553.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:99.4px; height:1px; left:553.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:653.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.4px; height:1px; left:653.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:659.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:659.9px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:228.1px; height:1px; left:1px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:100px; height:1px; left:235.1px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:100px; height:1px; left:341.1px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:100px; height:1px; left:447.2px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:100px; height:1px; left:553.1px; top:27.8px; background-color:#407EC9; "> </div> <div id="TextContainer2559" style="position:relative;width:673px;z-index:1;font-size:13.28px;"><div id="a45739" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:16px;">Grant year </div><div id="a45744" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:471px;top:0px;">Scorecard </div><div id="a45749" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:253px;top:16px;">Relative TSR </div><div id="a45752" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:375px;top:16px;">Safety </div><div id="a45755" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:487px;top:16px;">TSR </div><div id="a45758" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:580px;top:16px;">Cashflow </div><div id="a45762" style="position:absolute;font-family:'Arial';left:4px;top:30px;">2025 </div><div id="a45765" style="position:absolute;font-family:'Arial';left:295px;top:30px;display:flex;">20.0%</div><div id="a45768" style="position:absolute;font-family:'Arial';left:401px;top:30px;display:flex;">30.0%</div><div id="a45771" style="position:absolute;font-family:'Arial';left:536px;top:30px;">-</div><div id="a45774" style="position:absolute;font-family:'Arial';left:613px;top:30px;display:flex;">50.0%</div><div id="a45778" style="position:absolute;font-family:'Arial';left:4px;top:49px;">2024 and 2023 </div><div id="a45781" style="position:absolute;font-family:'Arial';left:295px;top:49px;display:flex;">33.3%</div><div id="a45784" style="position:absolute;font-family:'Arial';left:401px;top:49px;display:flex;">33.3%</div><div id="a45787" style="position:absolute;font-family:'Arial';left:514px;top:49px;display:flex;">0.0%</div><div id="a45790" style="position:absolute;font-family:'Arial';left:613px;top:49px;display:flex;">33.3%</div><div id="a45794" style="position:absolute;font-family:'Arial';left:4px;top:66px;">2022 </div><div id="a45797" style="position:absolute;font-family:'Arial';left:295px;top:66px;display:flex;">33.3%</div><div id="a45800" style="position:absolute;font-family:'Arial';left:401px;top:66px;display:flex;">22.2%</div><div id="a45803" style="position:absolute;font-family:'Arial';left:507px;top:66px;display:flex;">22.2%</div><div id="a45806" style="position:absolute;font-family:'Arial';left:613px;top:66px;display:flex;">22.2%</div></div></div><div id="TextBlockContainer2564" style="position:relative;line-height:normal;width:676px;height:182px;"><div id="TextContainer2564" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a45811" style="position:absolute;font-family:'Arial';left:5px;top:0px;">Awards subject to<div style="display:inline-block;width:2px;white-space:pre"> </div>TSR vest based<div style="display:inline-block;width:2px;white-space:pre"> </div>on service<div style="display:inline-block;width:2px;white-space:pre"> </div>and market conditions.<div style="display:inline-block;width:2px;white-space:pre"> </div>The fair<div style="display:inline-block;width:2px;white-space:pre"> </div>value of<div style="display:inline-block;width:2px;white-space:pre"> </div>relative TSR was<div style="display:inline-block;width:2px;white-space:pre"> </div>estimated </div><div id="a45812" style="position:absolute;font-family:'Arial';left:5px;top:15px;">on the grant date using a Monte Carlo simulation model.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a45814" style="position:absolute;font-family:'Arial';left:5px;top:41px;">Awards subject<div style="display:inline-block;width:6px;white-space:pre"> </div>to the<div style="display:inline-block;width:6px;white-space:pre"> </div>Scorecard metrics<div style="display:inline-block;width:6px;white-space:pre"> </div>vest based<div style="display:inline-block;width:6px;white-space:pre"> </div>on service<div style="display:inline-block;width:6px;white-space:pre"> </div>and performance<div style="display:inline-block;width:6px;white-space:pre"> </div>conditions. The<div style="display:inline-block;width:6px;white-space:pre"> </div>fair value<div style="display:inline-block;width:6px;white-space:pre"> </div>of </div><div id="a45819" style="position:absolute;font-family:'Arial';left:5px;top:57px;">Scorecard awards<div style="display:inline-block;width:5px;white-space:pre"> </div>was estimated<div style="display:inline-block;width:6px;white-space:pre"> </div>using the<div style="display:inline-block;width:5px;white-space:pre"> </div>grant date<div style="display:inline-block;width:5px;white-space:pre"> </div>fair value<div style="display:inline-block;width:5px;white-space:pre"> </div>of the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company’s<div style="display:inline-block;width:5px;white-space:pre"> </div>common stock<div style="display:inline-block;width:5px;white-space:pre"> </div>adjusted for </div><div id="a45828" style="position:absolute;font-family:'Arial';left:5px;top:72px;">dividends foregone during the performance period.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a45830" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:98px;">Stock Option Awards </div><div id="a45832" style="position:absolute;font-family:'Arial';left:5px;top:124px;">The Company’s<div style="display:inline-block;width:5px;white-space:pre"> </div>outstanding stock<div style="display:inline-block;width:5px;white-space:pre"> </div>option awards were<div style="display:inline-block;width:5px;white-space:pre"> </div>granted on the<div style="display:inline-block;width:5px;white-space:pre"> </div>date of the<div style="display:inline-block;width:5px;white-space:pre"> </div>IPO with an<div style="display:inline-block;width:5px;white-space:pre"> </div>exercise price of </div><div id="a45835" style="position:absolute;font-family:'Arial';left:5px;top:139px;">$</div><div id="a45835_1_4" style="position:absolute;font-family:'Arial';left:12px;top:139px;">2.84</div><div id="a45835_5_12" style="position:absolute;font-family:'Arial';left:38px;top:139px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>per CDI (A$</div><div id="a45835_17_4" style="position:absolute;font-family:'Arial';left:112px;top:139px;">4.00</div><div id="a45835_21_54" style="position:absolute;font-family:'Arial';left:138px;top:139px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>per CDI) which was equal to the Company’s<div style="display:inline-block;width:5px;white-space:pre"> </div>IPO price. </div><div id="a45839" style="position:absolute;font-family:'Arial';left:5px;top:165px;">The Stock Option activity is summarized below:</div></div></div><div id="TextBlockContainer2570" style="position:relative;line-height:normal;width:669px;height:84px;"><div id="div_2567_XBRL_TS_5b9b625c117a4dc7b834139cf6ee7dcc" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2568" style="position:relative;line-height:normal;width:669px;height:84px;"><div style="position:absolute; width:304.1px; height:1px; left:1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:311.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:323.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:99.4px; height:1px; left:323.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:429.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:441.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:99.4px; height:1px; left:441.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:547.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:559.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:99.4px; height:1px; left:559.9px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:100px; height:1px; left:323.1px; top:46.8px; background-color:#000000; "> </div> <div style="position:absolute; width:100px; height:1px; left:441.1px; top:46.8px; background-color:#000000; "> </div> <div style="position:absolute; width:100px; height:1px; left:559.2px; top:46.8px; background-color:#000000; "> </div> <div style="position:absolute; width:100px; height:1px; left:323.1px; top:64.4px; background-color:#000000; "> </div> <div style="position:absolute; width:100px; height:1px; left:441.1px; top:64.4px; background-color:#000000; "> </div> <div style="position:absolute; width:100px; height:1px; left:559.2px; top:64.4px; background-color:#000000; "> </div> <div id="TextContainer2568" style="position:relative;width:669px;z-index:1;font-size:13.28px;"><div id="a45854" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:0px;">Stock Option Activity </div><div id="a45857" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:356px;top:0px;">2025 </div><div id="a45860" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:474px;top:0px;">2024 </div><div id="a45863" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:592px;top:0px;">2023 </div><div id="a45865" style="position:absolute;font-family:'Arial';left:4px;top:15px;">Outstanding at the beginning of the year </div><div id="a45869" style="position:absolute;font-family:'Arial';left:404px;top:15px;">—</div><div id="a45873" style="position:absolute;font-family:'Arial';left:522px;top:15px;">—</div><div id="a45877" style="position:absolute;font-family:'Arial';left:605px;top:15px;">181,687</div><div id="a45879" style="position:absolute;font-family:'Arial';left:4px;top:32px;">Vested </div><div id="a45883" style="position:absolute;font-family:'Arial';left:404px;top:32px;">—</div><div id="a45887" style="position:absolute;font-family:'Arial';left:522px;top:32px;">—</div><div id="a45891" style="position:absolute;font-family:'Arial';left:600px;top:32px;display:flex;">(181,687)</div><div id="a45893" style="position:absolute;font-family:'Arial';left:4px;top:49px;">Outstanding at the end of the year </div><div id="a45897" style="position:absolute;font-family:'Arial';left:404px;top:49px;">—</div><div id="a45901" style="position:absolute;font-family:'Arial';left:522px;top:49px;">—</div><div id="a45905" style="position:absolute;font-family:'Arial';left:640px;top:49px;">—</div><div id="a45907" style="position:absolute;font-family:'Arial';left:4px;top:67px;">Exercisable at the end of the year </div><div id="a45911" style="position:absolute;font-family:'Arial';left:369px;top:67px;">181,687</div><div id="a45915" style="position:absolute;font-family:'Arial';left:487px;top:66px;">181,687</div><div id="a45919" style="position:absolute;font-family:'Arial';left:605px;top:67px;">181,687</div></div></div></div></div><div id="TextBlockContainer2573" style="position:relative;line-height:normal;width:676px;height:47px;"><div id="TextContainer2573" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a45921" style="position:absolute;font-family:'Arial';left:5px;top:0px;">The weighted average grant<div style="display:inline-block;width:5px;white-space:pre"> </div>date fair value of all Option<div style="display:inline-block;width:5px;white-space:pre"> </div>awards granted was $</div><div id="a45921_77_4" style="position:absolute;font-family:'Arial';left:470px;top:0px;">0.27</div><div id="a45921_81_29" style="position:absolute;font-family:'Arial';left:496px;top:0px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>per CDI. The exercise price </div><div id="a45929" style="position:absolute;font-family:'Arial';left:5px;top:15px;">of the<div style="display:inline-block;width:2px;white-space:pre"> </div>option awards granted<div style="display:inline-block;width:2px;white-space:pre"> </div>under the 2018<div style="display:inline-block;width:2px;white-space:pre"> </div>Plan is<div style="display:inline-block;width:2px;white-space:pre"> </div>$</div><div id="a45929_53_4" style="position:absolute;font-family:'Arial';left:314px;top:15px;">2.38</div><div id="a45929_57_12" style="position:absolute;font-family:'Arial';left:341px;top:15px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>per CDI (A$</div><div id="a45929_69_4" style="position:absolute;font-family:'Arial';left:412px;top:15px;">3.56</div><div id="a45929_73_15" style="position:absolute;font-family:'Arial';left:438px;top:15px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>per CDI). The </div><div id="a45929_88_7" style="position:absolute;font-family:'Arial';left:523px;top:15px;">181,687</div><div id="a45929_95_16" style="position:absolute;font-family:'Arial';left:572px;top:15px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>vested Options </div><div id="a45946" style="position:absolute;font-family:'Arial';left:5px;top:31px;">will remain exercisable until they expire on October 23, 2028.</div></div></div><div id="TextBlockContainer2576" style="position:relative;line-height:normal;width:677px;height:63px;"><div id="TextContainer2576" style="position:relative;width:677px;z-index:1;font-size:13.28px;"><div id="a45949" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:0px;">Performance Stock Unit Awards </div><div id="a45952" style="position:absolute;font-family:'Arial';left:6px;top:31px;">Activity of the Company’s<div style="display:inline-block;width:6px;white-space:pre"> </div>PSUs that are ultimately<div style="display:inline-block;width:5px;white-space:pre"> </div>payable in the Company’s<div style="display:inline-block;width:6px;white-space:pre"> </div>CDIs or the equivalent<div style="display:inline-block;width:5px;white-space:pre"> </div>number of </div><div id="a45954" style="position:absolute;font-family:'Arial';left:6px;top:46px;">shares of common stock granted under the 2018 Plan<div style="display:inline-block;width:5px;white-space:pre"> </div>is summarized below:</div></div></div><div id="TextBlockContainer2582" style="position:relative;line-height:normal;width:671px;height:169px;"><div id="div_2579_XBRL_TS_38e88e111d1641af888b869a94014164" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2580" style="position:relative;line-height:normal;width:671px;height:169px;"><div style="position:absolute; width:304.1px; height:1px; left:4px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:314.1px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:326.1px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:99.4px; height:1px; left:326.8px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:432.1px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:444.1px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:99.4px; height:1px; left:444.7px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:550.2px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:562.2px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:99.4px; height:1px; left:562.9px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:100px; height:1px; left:326.1px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:432.1px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:444.1px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:99.4px; height:1px; left:444.7px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:550.2px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:562.2px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:99.4px; height:1px; left:562.9px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:100px; height:1px; left:326.1px; top:98.6px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:432.1px; top:98.6px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:444.1px; top:98.6px; background-color:#000000; "> </div> <div style="position:absolute; width:99.4px; height:1px; left:444.7px; top:98.6px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:550.2px; top:98.6px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:562.2px; top:98.6px; background-color:#000000; "> </div> <div style="position:absolute; width:99.4px; height:1px; left:562.9px; top:98.6px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:314.1px; top:133.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:326.1px; top:133.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:99.4px; height:1px; left:326.8px; top:133.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:432.1px; top:133.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:444.1px; top:133.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:99.4px; height:1px; left:444.7px; top:133.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:550.2px; top:133.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:562.2px; top:133.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:99.4px; height:1px; left:562.9px; top:133.1px; background-color:#407EC9; "> </div> <div id="TextContainer2580" style="position:relative;width:671px;z-index:1;font-size:13.28px;"><div id="a45956" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:7px;top:0px;">Performance Stock Units Activity </div><div id="a45959" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:358px;top:0px;">2025 </div><div id="a45962" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:476px;top:0px;">2024 </div><div id="a45965" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:594px;top:0px;">2023 </div><div id="a45967" style="position:absolute;font-family:'Arial';left:7px;top:15px;">Unvested at the beginning of the year </div><div id="a45971" style="position:absolute;font-family:'Arial';left:353px;top:15px;">17,787,134</div><div id="a45975" style="position:absolute;font-family:'Arial';left:471px;top:15px;">17,992,453</div><div id="a45979" style="position:absolute;font-family:'Arial';left:589px;top:15px;">14,858,921</div><div id="a45981" style="position:absolute;font-family:'Arial';left:7px;top:32px;">Granted </div><div id="a45985" style="position:absolute;font-family:'Arial';left:353px;top:32px;">12,317,475</div><div id="a45989" style="position:absolute;font-family:'Arial';left:478px;top:32px;">5,498,291</div><div id="a45993" style="position:absolute;font-family:'Arial';left:596px;top:32px;">4,872,122</div><div id="a45995" style="position:absolute;font-family:'Arial';left:7px;top:49px;">Forfeited </div><div id="a45999" style="position:absolute;font-family:'Arial';left:355px;top:49px;display:flex;">(3,258,851)</div><div id="a46003" style="position:absolute;font-family:'Arial';left:473px;top:49px;display:flex;">(4,314,219)</div><div id="a46007" style="position:absolute;font-family:'Arial';left:591px;top:49px;display:flex;">(1,451,677)</div><div id="a46009" style="position:absolute;font-family:'Arial';left:7px;top:66px;">Vested and settled </div><div id="a46013" style="position:absolute;font-family:'Arial';left:355px;top:66px;display:flex;">(2,666,255)</div><div id="a46017" style="position:absolute;font-family:'Arial';left:473px;top:66px;display:flex;">(1,389,391)</div><div id="a46021" style="position:absolute;font-family:'Arial';left:603px;top:66px;display:flex;">(286,913)</div><div id="a46023" style="position:absolute;font-family:'Arial';left:7px;top:83px;">Unvested and outstanding at the end of the year </div><div id="a46027" style="position:absolute;font-family:'Arial';left:353px;top:83px;">24,179,503</div><div id="a46031" style="position:absolute;font-family:'Arial';left:471px;top:83px;">17,787,134</div><div id="a46035" style="position:absolute;font-family:'Arial';left:589px;top:83px;">17,992,453</div><div id="a46049" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:358px;top:121px;">2025 </div><div id="a46052" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:476px;top:121px;">2024 </div><div id="a46055" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:594px;top:121px;">2023 </div><div id="a46057" style="position:absolute;font-family:'Arial';left:7px;top:136px;">Weighted-average grant date fair value (per CDI) </div><div id="a46062" style="position:absolute;font-family:'Arial';left:317px;top:136px;">$ </div><div id="a46064" style="position:absolute;font-family:'Arial';left:394px;top:136px;">0.42</div><div id="a46067" style="position:absolute;font-family:'Arial';left:435px;top:136px;">$ </div><div id="a46069" style="position:absolute;font-family:'Arial';left:512px;top:136px;">0.63</div><div id="a46072" style="position:absolute;font-family:'Arial';left:553px;top:136px;">$ </div><div id="a46074" style="position:absolute;font-family:'Arial';left:630px;top:136px;">0.58</div><div id="a46076" style="position:absolute;font-family:'Arial';left:7px;top:153px;">Weighted-average remaining term (in years) </div><div id="a46082" style="position:absolute;font-family:'Arial';left:394px;top:153px;">1.43</div><div id="a46086" style="position:absolute;font-family:'Arial';left:512px;top:153px;">1.36</div><div id="a46090" style="position:absolute;font-family:'Arial';left:630px;top:153px;">1.82</div></div></div></div></div><div id="TextBlockContainer2585" style="position:relative;line-height:normal;width:595px;height:48px;"><div id="TextContainer2585" style="position:relative;width:595px;z-index:1;font-size:13.28px;"><div id="a46092" style="position:absolute;font-family:'Arial';left:5px;top:0px;">The weighted-average grant date fair value of all PSUs<div style="display:inline-block;width:5px;white-space:pre"> </div>granted in 2025 was $</div><div id="a46092_76_4" style="position:absolute;font-family:'Arial';left:464px;top:0px;">0.11</div><div id="a46092_80_4" style="position:absolute;font-family:'Arial';left:490px;top:0px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>(A$</div><div id="a46092_84_4" style="position:absolute;font-family:'Arial';left:514px;top:0px;">0.17</div><div id="a46092_88_3" style="position:absolute;font-family:'Arial';left:540px;top:0px;">). </div><div id="a46110" style="position:absolute;font-family:'Arial';left:5px;top:31px;">The assumptions used to determine the fair value of<div style="display:inline-block;width:5px;white-space:pre"> </div>the PSUs on each grant date were as follows:</div></div></div><div id="TextBlockContainer2591" style="position:relative;line-height:normal;width:666px;height:83px;"><div id="div_2588_XBRL_TS_0c71834f84684667ab5b0827d2b782ba" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2589" style="position:relative;line-height:normal;width:666px;height:83px;"><div style="position:absolute; width:8px; height:1px; left:315.1px; top:12.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:323.1px; top:12.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.3px; height:1px; left:323.8px; top:12.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:399.2px; top:12.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:411.2px; top:12.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.3px; height:1px; left:411.8px; top:12.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:487.2px; top:12.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:499.2px; top:12.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.3px; height:1px; left:499.8px; top:12.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:575.2px; top:12.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:587.2px; top:12.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.3px; height:1px; left:587.9px; top:12.7px; background-color:#407EC9; "> </div> <div id="TextContainer2589" style="position:relative;width:666px;z-index:1;font-size:13.28px;"><div id="a46151" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:327px;top:1px;">2025 Grant </div><div id="a46154" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:413px;top:1px;">2024 Grant </div><div id="a46157" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:501px;top:1px;">2023 Grant </div><div id="a46160" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:589px;top:1px;">2022 Grant </div><div id="a46162" style="position:absolute;font-family:'Arial';left:4px;top:15px;">Time to maturity (in years) (i) </div><div id="a46166" style="position:absolute;font-family:'Arial';left:365px;top:15px;">2.96</div><div id="a46170" style="position:absolute;font-family:'Arial';left:453px;top:15px;">2.58</div><div id="a46174" style="position:absolute;font-family:'Arial';left:541px;top:15px;">2.98</div><div id="a46178" style="position:absolute;font-family:'Arial';left:629px;top:15px;">3.99</div><div id="a46180" style="position:absolute;font-family:'Arial';left:4px;top:32px;">Dividend yield (ii) </div><div id="a46184" style="position:absolute;font-family:'Arial';left:360px;top:32px;display:flex;">6.7%</div><div id="a46188" style="position:absolute;font-family:'Arial';left:448px;top:32px;display:flex;">1.2%</div><div id="a46192" style="position:absolute;font-family:'Arial';left:536px;top:32px;display:flex;">7.8%</div><div id="a46196" style="position:absolute;font-family:'Arial';left:617px;top:32px;display:flex;">16.3%</div><div id="a46198" style="position:absolute;font-family:'Arial';left:4px;top:49px;">Expected volatility (iii) </div><div id="a46202" style="position:absolute;font-family:'Arial';left:353px;top:49px;display:flex;">45.0%</div><div id="a46206" style="position:absolute;font-family:'Arial';left:441px;top:49px;display:flex;">50.0%</div><div id="a46210" style="position:absolute;font-family:'Arial';left:529px;top:49px;display:flex;">60.0%</div><div id="a46214" style="position:absolute;font-family:'Arial';left:617px;top:49px;display:flex;">60.0%</div><div id="a46216" style="position:absolute;font-family:'Arial';left:4px;top:66px;">Risk-free interest rate (iv) </div><div id="a46222" style="position:absolute;font-family:'Arial';left:353px;top:66px;display:flex;">3.33%</div><div id="a46226" style="position:absolute;font-family:'Arial';left:441px;top:66px;display:flex;">3.54%</div><div id="a46230" style="position:absolute;font-family:'Arial';left:529px;top:66px;display:flex;">2.98%</div><div id="a46234" style="position:absolute;font-family:'Arial';left:617px;top:66px;display:flex;">2.66%</div></div></div></div></div><div id="TextBlockContainer2597" style="position:relative;line-height:normal;width:677px;height:203px;"><div id="div_2594_XBRL_TS_8d05dea7c611474a8b9cb97ac627cc3f" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2595" style="position:relative;line-height:normal;width:677px;height:156px;"><div id="TextContainer2595" style="position:relative;width:677px;z-index:1;font-size:13.28px;"><div id="a46236" style="position:absolute;font-family:'Arial';font-style:italic;left:5px;top:0px;">___________________ </div><div id="a46238" style="position:absolute;font-family:'Arial';left:5px;top:15px;">(i)<div style="display:inline-block;width:36px;white-space:pre"> </div>Time to<div style="display:inline-block;width:5px;white-space:pre"> </div>maturity represents<div style="display:inline-block;width:5px;white-space:pre"> </div>the period over<div style="display:inline-block;width:5px;white-space:pre"> </div>which the PSUs<div style="display:inline-block;width:5px;white-space:pre"> </div>will vest. All<div style="display:inline-block;width:5px;white-space:pre"> </div>awards cliff vest<div style="display:inline-block;width:6px;white-space:pre"> </div>at the end<div style="display:inline-block;width:5px;white-space:pre"> </div>of </div><div id="a46245" style="position:absolute;font-family:'Arial';left:53px;top:31px;">the requisite service period. </div><div id="a46247" style="position:absolute;font-family:'Arial';left:5px;top:57px;">(ii)<div style="display:inline-block;width:33px;white-space:pre"> </div>Dividend yield is the expected average yield of dividends<div style="display:inline-block;width:5px;white-space:pre"> </div>expected over the vesting period.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a46251" style="position:absolute;font-family:'Arial';left:5px;top:83px;">(iii)<div style="display:inline-block;width:30px;white-space:pre"> </div>The volatility was estimated<div style="display:inline-block;width:2px;white-space:pre"> </div>using comparable public company<div style="display:inline-block;width:2px;white-space:pre"> </div>volatility and the Company’s own<div style="display:inline-block;width:2px;white-space:pre"> </div>volatility </div><div id="a46254" style="position:absolute;font-family:'Arial';left:53px;top:98px;">for similar terms. </div><div id="a46256" style="position:absolute;font-family:'Arial';left:5px;top:124px;">(iv)<div style="display:inline-block;width:30px;white-space:pre"> </div>The risk-free interest rate was based on an interpolated Australian Government Bond Rate at<div style="display:inline-block;width:2px;white-space:pre"> </div>the time of </div><div id="a46265" style="position:absolute;font-family:'Arial';left:53px;top:139px;">the grant for periods corresponding with the expected<div style="display:inline-block;width:5px;white-space:pre"> </div>term of the PSUs.</div></div></div></div><div id="TextContainer2597" style="position:relative;width:677px;z-index:1;font-size:13.28px;"><div id="a46267" style="position:absolute;font-family:'Arial';left:6px;top:171px;">The above<div style="display:inline-block;width:6px;white-space:pre"> </div>inputs were<div style="display:inline-block;width:6px;white-space:pre"> </div>consistent to<div style="display:inline-block;width:6px;white-space:pre"> </div>determine the<div style="display:inline-block;width:6px;white-space:pre"> </div>fair value<div style="display:inline-block;width:5px;white-space:pre"> </div>of the<div style="display:inline-block;width:5px;white-space:pre"> </div>market and<div style="display:inline-block;width:6px;white-space:pre"> </div>performance conditions<div style="display:inline-block;width:6px;white-space:pre"> </div>of the </div><div id="a46268" style="position:absolute;font-family:'Arial';left:6px;top:186px;">PSUs awards.</div></div></div><div id="TextBlockContainer2600" style="position:relative;line-height:normal;width:676px;height:125px;"><div id="TextContainer2600" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a46270" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:0px;">Restricted Stock Units </div><div id="a46272" style="position:absolute;font-family:'Arial';left:5px;top:31px;">RSUs issued to certain employees are only subject<div style="display:inline-block;width:5px;white-space:pre"> </div>to service conditions and vest at various intervals<div style="display:inline-block;width:5px;white-space:pre"> </div>during the </div><div id="a46278" style="position:absolute;font-family:'Arial';left:5px;top:47px;">service period.<div style="display:inline-block;width:6px;white-space:pre"> </div>The fair<div style="display:inline-block;width:6px;white-space:pre"> </div>value of<div style="display:inline-block;width:5px;white-space:pre"> </div>the award<div style="display:inline-block;width:6px;white-space:pre"> </div>was determined<div style="display:inline-block;width:6px;white-space:pre"> </div>using the<div style="display:inline-block;width:6px;white-space:pre"> </div>market price<div style="display:inline-block;width:6px;white-space:pre"> </div>of the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company’s<div style="display:inline-block;width:5px;white-space:pre"> </div>common </div><div id="a46284" style="position:absolute;font-family:'Arial';left:5px;top:62px;">stock at the date of grant, and compensation expense<div style="display:inline-block;width:5px;white-space:pre"> </div>is recorded over the requisite service period.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a46290" style="position:absolute;font-family:'Arial';left:5px;top:93px;">Activity of the Company’s<div style="display:inline-block;width:6px;white-space:pre"> </div>RSUs that are ultimately<div style="display:inline-block;width:5px;white-space:pre"> </div>payable in the Company’s<div style="display:inline-block;width:5px;white-space:pre"> </div>CDIs or the equivalent<div style="display:inline-block;width:5px;white-space:pre"> </div>number of </div><div id="a46292" style="position:absolute;font-family:'Arial';left:5px;top:109px;">shares of common stock granted under the 2018 Plan<div style="display:inline-block;width:5px;white-space:pre"> </div>is summarized below:</div></div></div><div id="TextBlockContainer2604" style="position:relative;line-height:normal;width:667px;height:169px;"><div style="position:absolute; width:350.2px; height:1px; left:4px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:20px; height:1px; left:360.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:380.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:380.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:469.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:481.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:78.4px; height:1px; left:481.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:566.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:578.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:578.9px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:80px; height:1px; left:380.1px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:469.1px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:481.1px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:78.4px; height:1px; left:481.7px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:566.2px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:578.2px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:578.9px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:380.1px; top:98.4px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:469.1px; top:98.4px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:481.1px; top:98.4px; background-color:#000000; "> </div> <div style="position:absolute; width:78.4px; height:1px; left:481.7px; top:98.4px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:566.2px; top:98.4px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:578.2px; top:98.4px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:578.9px; top:98.4px; background-color:#000000; "> </div> <div style="position:absolute; width:20px; height:1px; left:360.1px; top:133.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:380.1px; top:133.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:380.7px; top:133.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:469.1px; top:133.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:481.1px; top:133.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:78.4px; height:1px; left:481.7px; top:133.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:566.2px; top:133.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:578.2px; top:133.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:578.9px; top:133.1px; background-color:#407EC9; "> </div> <div id="TextContainer2604" style="position:relative;width:667px;z-index:1;font-size:13.28px;"><div id="a46308" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:7px;top:0px;">Restricted Stock Units Activity </div><div id="a46311" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:398px;top:0px;">2025 </div><div id="a46314" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:503px;top:0px;">2024 </div><div id="a46317" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:600px;top:0px;">2023 </div><div id="a46319" style="position:absolute;font-family:'Arial';left:7px;top:15px;">Unvested at the beginning of the year </div><div id="a46323" style="position:absolute;font-family:'Arial';left:405px;top:15px;">584,541</div><div id="a46327" style="position:absolute;font-family:'Arial';left:505px;top:15px;">734,893</div><div id="a46331" style="position:absolute;font-family:'Arial';left:592px;top:15px;">1,144,034</div><div id="a46333" style="position:absolute;font-family:'Arial';left:7px;top:32px;">Granted </div><div id="a46337" style="position:absolute;font-family:'Arial';left:440px;top:32px;">—</div><div id="a46341" style="position:absolute;font-family:'Arial';left:505px;top:32px;">584,541</div><div id="a46345" style="position:absolute;font-family:'Arial';left:603px;top:32px;">144,506</div><div id="a46347" style="position:absolute;font-family:'Arial';left:7px;top:49px;">Forfeited </div><div id="a46351" style="position:absolute;font-family:'Arial';left:408px;top:49px;display:flex;">(31,654)</div><div id="a46355" style="position:absolute;font-family:'Arial';left:508px;top:49px;display:flex;">(18,525)</div><div id="a46359" style="position:absolute;font-family:'Arial';left:606px;top:49px;display:flex;">(46,593)</div><div id="a46361" style="position:absolute;font-family:'Arial';left:7px;top:66px;">Vested and settled </div><div id="a46365" style="position:absolute;font-family:'Arial';left:400px;top:66px;display:flex;">(552,887)</div><div id="a46369" style="position:absolute;font-family:'Arial';left:500px;top:66px;display:flex;">(716,368)</div><div id="a46373" style="position:absolute;font-family:'Arial';left:599px;top:66px;display:flex;">(507,054)</div><div id="a46375" style="position:absolute;font-family:'Arial';left:7px;top:83px;">Unvested and outstanding at the end of the year </div><div id="a46379" style="position:absolute;font-family:'Arial';left:440px;top:83px;">—</div><div id="a46383" style="position:absolute;font-family:'Arial';left:505px;top:83px;">584,541</div><div id="a46387" style="position:absolute;font-family:'Arial';left:603px;top:83px;">734,893</div><div id="a46401" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:398px;top:121px;">2025 </div><div id="a46404" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:503px;top:121px;">2024 </div><div id="a46407" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:600px;top:121px;">2023 </div><div id="a46409" style="position:absolute;font-family:'Arial';left:7px;top:136px;">Weighted-average grant date fair value (per CDI) </div><div id="a46414" style="position:absolute;font-family:'Arial';left:363px;top:136px;">$ </div><div id="a46416" style="position:absolute;font-family:'Arial';left:440px;top:136px;">—</div><div id="a46419" style="position:absolute;font-family:'Arial';left:472px;top:136px;">$ </div><div id="a46421" style="position:absolute;font-family:'Arial';left:527px;top:136px;">0.87</div><div id="a46424" style="position:absolute;font-family:'Arial';left:569px;top:136px;">$ </div><div id="a46426" style="position:absolute;font-family:'Arial';left:630px;top:136px;">1.26</div><div id="a46428" style="position:absolute;font-family:'Arial';left:7px;top:153px;">Weighted-average remaining term (in years) </div><div id="a46434" style="position:absolute;font-family:'Arial';left:440px;top:153px;-sec-ix-hidden:ID_459;">—</div><div id="a46438" style="position:absolute;font-family:'Arial';left:527px;top:153px;">0.58</div><div id="a46442" style="position:absolute;font-family:'Arial';left:630px;top:153px;">0.23</div></div></div> 1100000 2100000 2900000 2800000 P2Y3M P1Y4M24D 10 <div id="TextBlockContainer2550" style="position:relative;line-height:normal;width:629px;height:82px;"><div style="position:absolute; width:140px; height:1px; left:-39px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:141px; height:1px; left:107.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:216px; height:1px; left:254px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:139px; height:1px; left:476.2px; top:12.1px; background-color:#407EC9; "> </div> <div id="TextContainer2550" style="position:relative;width:629px;z-index:1;font-size:13.28px;"><div id="a45631" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:0px;">Grant year </div><div id="a45634" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:146px;top:0px;">Vesting date </div><div id="a45637" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:311px;top:0px;">Performance period </div><div id="a45640" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:531px;top:0px;">PSUs </div><div id="a45643" style="position:absolute;font-family:'Arial';left:16px;top:15px;">2025 </div><div id="a45646" style="position:absolute;font-family:'Arial';left:144px;top:15px;">31/03/2028 </div><div id="a45649" style="position:absolute;font-family:'Arial';left:289px;top:14px;">01/01/2025 - 31/12/2027 </div><div id="a45655_1_10" style="position:absolute;font-family:'Arial';left:514px;top:14px;">11,082,360</div><div id="a45655_11_2" style="position:absolute;font-family:'Arial';left:580px;top:14px;"><div style="display:inline-block;width:4px;white-space:pre"> </div></div><div id="a45659" style="position:absolute;font-family:'Arial';left:16px;top:32px;">2024 </div><div id="a45662" style="position:absolute;font-family:'Arial';left:144px;top:32px;">31/03/2027 </div><div id="a45665" style="position:absolute;font-family:'Arial';left:289px;top:31px;">01/01/2024 - 31/12/2026 </div><div id="a45671_1_9" style="position:absolute;font-family:'Arial';left:518px;top:31px;">6,374,930</div><div id="a45671_10_2" style="position:absolute;font-family:'Arial';left:577px;top:31px;"><div style="display:inline-block;width:4px;white-space:pre"> </div></div><div id="a45675" style="position:absolute;font-family:'Arial';left:16px;top:49px;">2023 </div><div id="a45678" style="position:absolute;font-family:'Arial';left:144px;top:49px;">31/03/2026 </div><div id="a45681" style="position:absolute;font-family:'Arial';left:289px;top:48px;">01/01/2023 - 31/12/2025 </div><div id="a45687_1_9" style="position:absolute;font-family:'Arial';left:518px;top:48px;">3,596,599</div><div id="a45687_10_2" style="position:absolute;font-family:'Arial';left:577px;top:48px;"><div style="display:inline-block;width:4px;white-space:pre"> </div></div><div id="a45691" style="position:absolute;font-family:'Arial';left:16px;top:66px;">2022 </div><div id="a45694" style="position:absolute;font-family:'Arial';left:144px;top:66px;">31/03/2026 </div><div id="a45697" style="position:absolute;font-family:'Arial';left:289px;top:65px;">01/01/2022 - 31/12/2024 </div><div id="a45703_1_9" style="position:absolute;font-family:'Arial';left:518px;top:65px;">3,125,614</div></div></div> 11082360 6374930 3596599 3125614 <div id="TextBlockContainer2561" style="position:relative;line-height:normal;width:673px;height:83px;"><div id="div_2558_XBRL_TS_ab2995e9c2b74254a587f2bdc2d1a7b9" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2559" style="position:relative;line-height:normal;width:673px;height:83px;"><div style="position:absolute; width:100px; height:1px; left:341.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:441.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.4px; height:1px; left:441.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:447.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:99.4px; height:1px; left:447.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:547.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:547.9px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:553.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:99.4px; height:1px; left:553.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:653.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.4px; height:1px; left:653.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:659.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:659.9px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:228.1px; height:1px; left:1px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:100px; height:1px; left:235.1px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:100px; height:1px; left:341.1px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:100px; height:1px; left:447.2px; top:27.8px; background-color:#407EC9; "> </div> <div style="position:absolute; width:100px; height:1px; left:553.1px; top:27.8px; background-color:#407EC9; "> </div> <div id="TextContainer2559" style="position:relative;width:673px;z-index:1;font-size:13.28px;"><div id="a45739" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:16px;">Grant year </div><div id="a45744" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:471px;top:0px;">Scorecard </div><div id="a45749" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:253px;top:16px;">Relative TSR </div><div id="a45752" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:375px;top:16px;">Safety </div><div id="a45755" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:487px;top:16px;">TSR </div><div id="a45758" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:580px;top:16px;">Cashflow </div><div id="a45762" style="position:absolute;font-family:'Arial';left:4px;top:30px;">2025 </div><div id="a45765" style="position:absolute;font-family:'Arial';left:295px;top:30px;display:flex;">20.0%</div><div id="a45768" style="position:absolute;font-family:'Arial';left:401px;top:30px;display:flex;">30.0%</div><div id="a45771" style="position:absolute;font-family:'Arial';left:536px;top:30px;">-</div><div id="a45774" style="position:absolute;font-family:'Arial';left:613px;top:30px;display:flex;">50.0%</div><div id="a45778" style="position:absolute;font-family:'Arial';left:4px;top:49px;">2024 and 2023 </div><div id="a45781" style="position:absolute;font-family:'Arial';left:295px;top:49px;display:flex;">33.3%</div><div id="a45784" style="position:absolute;font-family:'Arial';left:401px;top:49px;display:flex;">33.3%</div><div id="a45787" style="position:absolute;font-family:'Arial';left:514px;top:49px;display:flex;">0.0%</div><div id="a45790" style="position:absolute;font-family:'Arial';left:613px;top:49px;display:flex;">33.3%</div><div id="a45794" style="position:absolute;font-family:'Arial';left:4px;top:66px;">2022 </div><div id="a45797" style="position:absolute;font-family:'Arial';left:295px;top:66px;display:flex;">33.3%</div><div id="a45800" style="position:absolute;font-family:'Arial';left:401px;top:66px;display:flex;">22.2%</div><div id="a45803" style="position:absolute;font-family:'Arial';left:507px;top:66px;display:flex;">22.2%</div><div id="a45806" style="position:absolute;font-family:'Arial';left:613px;top:66px;display:flex;">22.2%</div></div></div></div></div> 0.200 0.300 0 0.500 0.333 0.333 0.000 0.333 0.333 0.222 0.222 0.222 2.84 4.00 <div id="TextBlockContainer2568" style="position:relative;line-height:normal;width:669px;height:84px;"><div style="position:absolute; width:304.1px; height:1px; left:1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:311.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:323.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:99.4px; height:1px; left:323.8px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:429.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:441.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:99.4px; height:1px; left:441.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:547.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:559.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:99.4px; height:1px; left:559.9px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:100px; height:1px; left:323.1px; top:46.8px; background-color:#000000; "> </div> <div style="position:absolute; width:100px; height:1px; left:441.1px; top:46.8px; background-color:#000000; "> </div> <div style="position:absolute; width:100px; height:1px; left:559.2px; top:46.8px; background-color:#000000; "> </div> <div style="position:absolute; width:100px; height:1px; left:323.1px; top:64.4px; background-color:#000000; "> </div> <div style="position:absolute; width:100px; height:1px; left:441.1px; top:64.4px; background-color:#000000; "> </div> <div style="position:absolute; width:100px; height:1px; left:559.2px; top:64.4px; background-color:#000000; "> </div> <div id="TextContainer2568" style="position:relative;width:669px;z-index:1;font-size:13.28px;"><div id="a45854" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:0px;">Stock Option Activity </div><div id="a45857" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:356px;top:0px;">2025 </div><div id="a45860" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:474px;top:0px;">2024 </div><div id="a45863" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:592px;top:0px;">2023 </div><div id="a45865" style="position:absolute;font-family:'Arial';left:4px;top:15px;">Outstanding at the beginning of the year </div><div id="a45869" style="position:absolute;font-family:'Arial';left:404px;top:15px;">—</div><div id="a45873" style="position:absolute;font-family:'Arial';left:522px;top:15px;">—</div><div id="a45877" style="position:absolute;font-family:'Arial';left:605px;top:15px;">181,687</div><div id="a45879" style="position:absolute;font-family:'Arial';left:4px;top:32px;">Vested </div><div id="a45883" style="position:absolute;font-family:'Arial';left:404px;top:32px;">—</div><div id="a45887" style="position:absolute;font-family:'Arial';left:522px;top:32px;">—</div><div id="a45891" style="position:absolute;font-family:'Arial';left:600px;top:32px;display:flex;">(181,687)</div><div id="a45893" style="position:absolute;font-family:'Arial';left:4px;top:49px;">Outstanding at the end of the year </div><div id="a45897" style="position:absolute;font-family:'Arial';left:404px;top:49px;">—</div><div id="a45901" style="position:absolute;font-family:'Arial';left:522px;top:49px;">—</div><div id="a45905" style="position:absolute;font-family:'Arial';left:640px;top:49px;">—</div><div id="a45907" style="position:absolute;font-family:'Arial';left:4px;top:67px;">Exercisable at the end of the year </div><div id="a45911" style="position:absolute;font-family:'Arial';left:369px;top:67px;">181,687</div><div id="a45915" style="position:absolute;font-family:'Arial';left:487px;top:66px;">181,687</div><div id="a45919" style="position:absolute;font-family:'Arial';left:605px;top:67px;">181,687</div></div></div> 0 0 181687 0 0 181687 0 0 0 181687 181687 181687 0.27 2.38 3.56 181687 <div id="TextBlockContainer2580" style="position:relative;line-height:normal;width:671px;height:169px;"><div style="position:absolute; width:304.1px; height:1px; left:4px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:314.1px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:326.1px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:99.4px; height:1px; left:326.8px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:432.1px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:444.1px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:99.4px; height:1px; left:444.7px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:550.2px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:562.2px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:99.4px; height:1px; left:562.9px; top:12.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:100px; height:1px; left:326.1px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:432.1px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:444.1px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:99.4px; height:1px; left:444.7px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:550.2px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:562.2px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:99.4px; height:1px; left:562.9px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:100px; height:1px; left:326.1px; top:98.6px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:432.1px; top:98.6px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:444.1px; top:98.6px; background-color:#000000; "> </div> <div style="position:absolute; width:99.4px; height:1px; left:444.7px; top:98.6px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:550.2px; top:98.6px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:562.2px; top:98.6px; background-color:#000000; "> </div> <div style="position:absolute; width:99.4px; height:1px; left:562.9px; top:98.6px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:314.1px; top:133.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:326.1px; top:133.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:99.4px; height:1px; left:326.8px; top:133.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:432.1px; top:133.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:444.1px; top:133.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:99.4px; height:1px; left:444.7px; top:133.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:550.2px; top:133.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:562.2px; top:133.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:99.4px; height:1px; left:562.9px; top:133.1px; background-color:#407EC9; "> </div> <div id="TextContainer2580" style="position:relative;width:671px;z-index:1;font-size:13.28px;"><div id="a45956" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:7px;top:0px;">Performance Stock Units Activity </div><div id="a45959" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:358px;top:0px;">2025 </div><div id="a45962" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:476px;top:0px;">2024 </div><div id="a45965" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:594px;top:0px;">2023 </div><div id="a45967" style="position:absolute;font-family:'Arial';left:7px;top:15px;">Unvested at the beginning of the year </div><div id="a45971" style="position:absolute;font-family:'Arial';left:353px;top:15px;">17,787,134</div><div id="a45975" style="position:absolute;font-family:'Arial';left:471px;top:15px;">17,992,453</div><div id="a45979" style="position:absolute;font-family:'Arial';left:589px;top:15px;">14,858,921</div><div id="a45981" style="position:absolute;font-family:'Arial';left:7px;top:32px;">Granted </div><div id="a45985" style="position:absolute;font-family:'Arial';left:353px;top:32px;">12,317,475</div><div id="a45989" style="position:absolute;font-family:'Arial';left:478px;top:32px;">5,498,291</div><div id="a45993" style="position:absolute;font-family:'Arial';left:596px;top:32px;">4,872,122</div><div id="a45995" style="position:absolute;font-family:'Arial';left:7px;top:49px;">Forfeited </div><div id="a45999" style="position:absolute;font-family:'Arial';left:355px;top:49px;display:flex;">(3,258,851)</div><div id="a46003" style="position:absolute;font-family:'Arial';left:473px;top:49px;display:flex;">(4,314,219)</div><div id="a46007" style="position:absolute;font-family:'Arial';left:591px;top:49px;display:flex;">(1,451,677)</div><div id="a46009" style="position:absolute;font-family:'Arial';left:7px;top:66px;">Vested and settled </div><div id="a46013" style="position:absolute;font-family:'Arial';left:355px;top:66px;display:flex;">(2,666,255)</div><div id="a46017" style="position:absolute;font-family:'Arial';left:473px;top:66px;display:flex;">(1,389,391)</div><div id="a46021" style="position:absolute;font-family:'Arial';left:603px;top:66px;display:flex;">(286,913)</div><div id="a46023" style="position:absolute;font-family:'Arial';left:7px;top:83px;">Unvested and outstanding at the end of the year </div><div id="a46027" style="position:absolute;font-family:'Arial';left:353px;top:83px;">24,179,503</div><div id="a46031" style="position:absolute;font-family:'Arial';left:471px;top:83px;">17,787,134</div><div id="a46035" style="position:absolute;font-family:'Arial';left:589px;top:83px;">17,992,453</div><div id="a46049" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:358px;top:121px;">2025 </div><div id="a46052" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:476px;top:121px;">2024 </div><div id="a46055" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:594px;top:121px;">2023 </div><div id="a46057" style="position:absolute;font-family:'Arial';left:7px;top:136px;">Weighted-average grant date fair value (per CDI) </div><div id="a46062" style="position:absolute;font-family:'Arial';left:317px;top:136px;">$ </div><div id="a46064" style="position:absolute;font-family:'Arial';left:394px;top:136px;">0.42</div><div id="a46067" style="position:absolute;font-family:'Arial';left:435px;top:136px;">$ </div><div id="a46069" style="position:absolute;font-family:'Arial';left:512px;top:136px;">0.63</div><div id="a46072" style="position:absolute;font-family:'Arial';left:553px;top:136px;">$ </div><div id="a46074" style="position:absolute;font-family:'Arial';left:630px;top:136px;">0.58</div><div id="a46076" style="position:absolute;font-family:'Arial';left:7px;top:153px;">Weighted-average remaining term (in years) </div><div id="a46082" style="position:absolute;font-family:'Arial';left:394px;top:153px;">1.43</div><div id="a46086" style="position:absolute;font-family:'Arial';left:512px;top:153px;">1.36</div><div id="a46090" style="position:absolute;font-family:'Arial';left:630px;top:153px;">1.82</div></div></div> 17787134 17992453 14858921 12317475 5498291 4872122 3258851 4314219 1451677 2666255 1389391 286913 24179503 17787134 17992453 0.42 0.63 0.58 P1Y5M4D P1Y4M9D P1Y9M25D 0.11 0.17 <div id="TextBlockContainer2589" style="position:relative;line-height:normal;width:666px;height:83px;"><div style="position:absolute; width:8px; height:1px; left:315.1px; top:12.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:323.1px; top:12.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.3px; height:1px; left:323.8px; top:12.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:399.2px; top:12.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:411.2px; top:12.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.3px; height:1px; left:411.8px; top:12.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:487.2px; top:12.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:499.2px; top:12.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.3px; height:1px; left:499.8px; top:12.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:575.2px; top:12.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:587.2px; top:12.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.3px; height:1px; left:587.9px; top:12.7px; background-color:#407EC9; "> </div> <div id="TextContainer2589" style="position:relative;width:666px;z-index:1;font-size:13.28px;"><div id="a46151" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:327px;top:1px;">2025 Grant </div><div id="a46154" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:413px;top:1px;">2024 Grant </div><div id="a46157" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:501px;top:1px;">2023 Grant </div><div id="a46160" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:589px;top:1px;">2022 Grant </div><div id="a46162" style="position:absolute;font-family:'Arial';left:4px;top:15px;">Time to maturity (in years) (i) </div><div id="a46166" style="position:absolute;font-family:'Arial';left:365px;top:15px;">2.96</div><div id="a46170" style="position:absolute;font-family:'Arial';left:453px;top:15px;">2.58</div><div id="a46174" style="position:absolute;font-family:'Arial';left:541px;top:15px;">2.98</div><div id="a46178" style="position:absolute;font-family:'Arial';left:629px;top:15px;">3.99</div><div id="a46180" style="position:absolute;font-family:'Arial';left:4px;top:32px;">Dividend yield (ii) </div><div id="a46184" style="position:absolute;font-family:'Arial';left:360px;top:32px;display:flex;">6.7%</div><div id="a46188" style="position:absolute;font-family:'Arial';left:448px;top:32px;display:flex;">1.2%</div><div id="a46192" style="position:absolute;font-family:'Arial';left:536px;top:32px;display:flex;">7.8%</div><div id="a46196" style="position:absolute;font-family:'Arial';left:617px;top:32px;display:flex;">16.3%</div><div id="a46198" style="position:absolute;font-family:'Arial';left:4px;top:49px;">Expected volatility (iii) </div><div id="a46202" style="position:absolute;font-family:'Arial';left:353px;top:49px;display:flex;">45.0%</div><div id="a46206" style="position:absolute;font-family:'Arial';left:441px;top:49px;display:flex;">50.0%</div><div id="a46210" style="position:absolute;font-family:'Arial';left:529px;top:49px;display:flex;">60.0%</div><div id="a46214" style="position:absolute;font-family:'Arial';left:617px;top:49px;display:flex;">60.0%</div><div id="a46216" style="position:absolute;font-family:'Arial';left:4px;top:66px;">Risk-free interest rate (iv) </div><div id="a46222" style="position:absolute;font-family:'Arial';left:353px;top:66px;display:flex;">3.33%</div><div id="a46226" style="position:absolute;font-family:'Arial';left:441px;top:66px;display:flex;">3.54%</div><div id="a46230" style="position:absolute;font-family:'Arial';left:529px;top:66px;display:flex;">2.98%</div><div id="a46234" style="position:absolute;font-family:'Arial';left:617px;top:66px;display:flex;">2.66%</div></div></div><div id="TextBlockContainer2595" style="position:relative;line-height:normal;width:677px;height:156px;"><div id="TextContainer2595" style="position:relative;width:677px;z-index:1;font-size:13.28px;"><div id="a46236" style="position:absolute;font-family:'Arial';font-style:italic;left:5px;top:0px;">___________________ </div><div id="a46238" style="position:absolute;font-family:'Arial';left:5px;top:15px;">(i)<div style="display:inline-block;width:36px;white-space:pre"> </div>Time to<div style="display:inline-block;width:5px;white-space:pre"> </div>maturity represents<div style="display:inline-block;width:5px;white-space:pre"> </div>the period over<div style="display:inline-block;width:5px;white-space:pre"> </div>which the PSUs<div style="display:inline-block;width:5px;white-space:pre"> </div>will vest. All<div style="display:inline-block;width:5px;white-space:pre"> </div>awards cliff vest<div style="display:inline-block;width:6px;white-space:pre"> </div>at the end<div style="display:inline-block;width:5px;white-space:pre"> </div>of </div><div id="a46245" style="position:absolute;font-family:'Arial';left:53px;top:31px;">the requisite service period. </div><div id="a46247" style="position:absolute;font-family:'Arial';left:5px;top:57px;">(ii)<div style="display:inline-block;width:33px;white-space:pre"> </div>Dividend yield is the expected average yield of dividends<div style="display:inline-block;width:5px;white-space:pre"> </div>expected over the vesting period.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a46251" style="position:absolute;font-family:'Arial';left:5px;top:83px;">(iii)<div style="display:inline-block;width:30px;white-space:pre"> </div>The volatility was estimated<div style="display:inline-block;width:2px;white-space:pre"> </div>using comparable public company<div style="display:inline-block;width:2px;white-space:pre"> </div>volatility and the Company’s own<div style="display:inline-block;width:2px;white-space:pre"> </div>volatility </div><div id="a46254" style="position:absolute;font-family:'Arial';left:53px;top:98px;">for similar terms. </div><div id="a46256" style="position:absolute;font-family:'Arial';left:5px;top:124px;">(iv)<div style="display:inline-block;width:30px;white-space:pre"> </div>The risk-free interest rate was based on an interpolated Australian Government Bond Rate at<div style="display:inline-block;width:2px;white-space:pre"> </div>the time of </div><div id="a46265" style="position:absolute;font-family:'Arial';left:53px;top:139px;">the grant for periods corresponding with the expected<div style="display:inline-block;width:5px;white-space:pre"> </div>term of the PSUs.</div></div></div> P2Y11M15D P2Y6M29D P2Y11M23D P3Y11M26D 0.067 0.012 0.078 0.163 0.450 0.500 0.600 0.600 0.0333 0.0354 0.0298 0.0266 <div id="TextBlockContainer2606" style="position:relative;line-height:normal;width:667px;height:169px;"><div id="div_2603_XBRL_TS_61a223b3a653409891450bfaf982ea8e" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2604" style="position:relative;line-height:normal;width:667px;height:169px;"><div style="position:absolute; width:350.2px; height:1px; left:4px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:20px; height:1px; left:360.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:380.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:380.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:469.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:481.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:78.4px; height:1px; left:481.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:566.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:578.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:578.9px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:80px; height:1px; left:380.1px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:469.1px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:481.1px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:78.4px; height:1px; left:481.7px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:566.2px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:578.2px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:578.9px; top:80.8px; background-color:#000000; "> </div> <div style="position:absolute; width:80px; height:1px; left:380.1px; top:98.4px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:469.1px; top:98.4px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:481.1px; top:98.4px; background-color:#000000; "> </div> <div style="position:absolute; width:78.4px; height:1px; left:481.7px; top:98.4px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:566.2px; top:98.4px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:578.2px; top:98.4px; background-color:#000000; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:578.9px; top:98.4px; background-color:#000000; "> </div> <div style="position:absolute; width:20px; height:1px; left:360.1px; top:133.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:380.1px; top:133.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:380.7px; top:133.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:469.1px; top:133.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:481.1px; top:133.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:78.4px; height:1px; left:481.7px; top:133.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:566.2px; top:133.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:578.2px; top:133.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:79.4px; height:1px; left:578.9px; top:133.1px; background-color:#407EC9; "> </div> <div id="TextContainer2604" style="position:relative;width:667px;z-index:1;font-size:13.28px;"><div id="a46308" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:7px;top:0px;">Restricted Stock Units Activity </div><div id="a46311" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:398px;top:0px;">2025 </div><div id="a46314" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:503px;top:0px;">2024 </div><div id="a46317" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:600px;top:0px;">2023 </div><div id="a46319" style="position:absolute;font-family:'Arial';left:7px;top:15px;">Unvested at the beginning of the year </div><div id="a46323" style="position:absolute;font-family:'Arial';left:405px;top:15px;">584,541</div><div id="a46327" style="position:absolute;font-family:'Arial';left:505px;top:15px;">734,893</div><div id="a46331" style="position:absolute;font-family:'Arial';left:592px;top:15px;">1,144,034</div><div id="a46333" style="position:absolute;font-family:'Arial';left:7px;top:32px;">Granted </div><div id="a46337" style="position:absolute;font-family:'Arial';left:440px;top:32px;">—</div><div id="a46341" style="position:absolute;font-family:'Arial';left:505px;top:32px;">584,541</div><div id="a46345" style="position:absolute;font-family:'Arial';left:603px;top:32px;">144,506</div><div id="a46347" style="position:absolute;font-family:'Arial';left:7px;top:49px;">Forfeited </div><div id="a46351" style="position:absolute;font-family:'Arial';left:408px;top:49px;display:flex;">(31,654)</div><div id="a46355" style="position:absolute;font-family:'Arial';left:508px;top:49px;display:flex;">(18,525)</div><div id="a46359" style="position:absolute;font-family:'Arial';left:606px;top:49px;display:flex;">(46,593)</div><div id="a46361" style="position:absolute;font-family:'Arial';left:7px;top:66px;">Vested and settled </div><div id="a46365" style="position:absolute;font-family:'Arial';left:400px;top:66px;display:flex;">(552,887)</div><div id="a46369" style="position:absolute;font-family:'Arial';left:500px;top:66px;display:flex;">(716,368)</div><div id="a46373" style="position:absolute;font-family:'Arial';left:599px;top:66px;display:flex;">(507,054)</div><div id="a46375" style="position:absolute;font-family:'Arial';left:7px;top:83px;">Unvested and outstanding at the end of the year </div><div id="a46379" style="position:absolute;font-family:'Arial';left:440px;top:83px;">—</div><div id="a46383" style="position:absolute;font-family:'Arial';left:505px;top:83px;">584,541</div><div id="a46387" style="position:absolute;font-family:'Arial';left:603px;top:83px;">734,893</div><div id="a46401" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:398px;top:121px;">2025 </div><div id="a46404" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:503px;top:121px;">2024 </div><div id="a46407" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:600px;top:121px;">2023 </div><div id="a46409" style="position:absolute;font-family:'Arial';left:7px;top:136px;">Weighted-average grant date fair value (per CDI) </div><div id="a46414" style="position:absolute;font-family:'Arial';left:363px;top:136px;">$ </div><div id="a46416" style="position:absolute;font-family:'Arial';left:440px;top:136px;">—</div><div id="a46419" style="position:absolute;font-family:'Arial';left:472px;top:136px;">$ </div><div id="a46421" style="position:absolute;font-family:'Arial';left:527px;top:136px;">0.87</div><div id="a46424" style="position:absolute;font-family:'Arial';left:569px;top:136px;">$ </div><div id="a46426" style="position:absolute;font-family:'Arial';left:630px;top:136px;">1.26</div><div id="a46428" style="position:absolute;font-family:'Arial';left:7px;top:153px;">Weighted-average remaining term (in years) </div><div id="a46434" style="position:absolute;font-family:'Arial';left:440px;top:153px;-sec-ix-hidden:ID_459;">—</div><div id="a46438" style="position:absolute;font-family:'Arial';left:527px;top:153px;">0.58</div><div id="a46442" style="position:absolute;font-family:'Arial';left:630px;top:153px;">0.23</div></div></div></div></div> 584541 734893 1144034 0 584541 144506 31654 18525 46593 552887 716368 507054 0 584541 734893 0 0.87 1.26 P0Y6M29D P0Y2M23D <div id="TextBlockContainer2609" style="position:relative;line-height:normal;width:676px;height:61px;"><div id="TextContainer2609" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a46445" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">20.<div style="display:inline-block;width:30px;white-space:pre"> </div>Income Taxes </div><div id="a46449" style="position:absolute;font-family:'Arial';left:5px;top:29px;">(Loss) income<div style="display:inline-block;width:6px;white-space:pre"> </div>from continuing<div style="display:inline-block;width:6px;white-space:pre"> </div>operations before<div style="display:inline-block;width:6px;white-space:pre"> </div>income taxes<div style="display:inline-block;width:6px;white-space:pre"> </div>for the<div style="display:inline-block;width:6px;white-space:pre"> </div>years presented<div style="display:inline-block;width:6px;white-space:pre"> </div>below consisted<div style="display:inline-block;width:6px;white-space:pre"> </div>of the </div><div id="a46464" style="position:absolute;font-family:'Arial';left:5px;top:44px;">following:</div></div></div><div id="TextBlockContainer2615" style="position:relative;line-height:normal;width:668px;height:90px;"><div id="div_2612_XBRL_TS_052f7664c1e4440cb0967c815c169de9" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2613" style="position:relative;line-height:normal;width:668px;height:90px;"><div style="position:absolute; width:82.1px; height:1px; left:401.1px; top:16.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:483.2px; top:16.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:483.8px; top:16.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:489.1px; top:16.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:81.5px; height:1px; left:489.7px; top:16.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:571.2px; top:16.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:571.9px; top:16.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:577.1px; top:16.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:81.4px; height:1px; left:577.8px; top:16.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:394.2px; height:1px; left:1px; top:34.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:401.1px; top:34.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:413.1px; top:34.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:413.7px; top:34.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:34.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:34.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:34.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:34.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:34.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:34.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:401.1px; top:69.4px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:413.1px; top:69.4px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:413.7px; top:69.4px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:69.4px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:69.4px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:69.4px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:69.4px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:69.4px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:69.4px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:400.1px; top:88.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:412.1px; top:88.2px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:415px; top:88.2px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:488.1px; top:88.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:500.1px; top:88.2px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:503px; top:88.2px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:576.2px; top:88.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:588.2px; top:88.2px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:591.1px; top:88.2px; background-color:#000000; "> </div> <div id="TextContainer2613" style="position:relative;width:668px;z-index:1;font-size:13.28px;"><div id="a46468" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:496px;top:0px;">December 31, </div><div id="a46470" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:22px;">(US$ thousands) </div><div id="a46473" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:430px;top:22px;">2025 </div><div id="a46476" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:519px;top:22px;">2024 </div><div id="a46479" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:607px;top:22px;">2023 </div><div id="a46481" style="position:absolute;font-family:'Arial';left:4px;top:37px;">U.S. </div><div id="a46484" style="position:absolute;font-family:'Arial';left:404px;top:37px;">$ </div><div id="a46486" style="position:absolute;font-family:'Arial';left:431px;top:37px;display:flex;">(31,293)</div><div id="a46489" style="position:absolute;font-family:'Arial';left:492px;top:37px;">$ </div><div id="a46491" style="position:absolute;font-family:'Arial';left:531px;top:37px;">7,843</div><div id="a46494" style="position:absolute;font-family:'Arial';left:580px;top:37px;">$ </div><div id="a46496" style="position:absolute;font-family:'Arial';left:605px;top:37px;">334,373</div><div id="a46498" style="position:absolute;font-family:'Arial';left:4px;top:54px;">Non-U.S. </div><div id="a46504" style="position:absolute;font-family:'Arial';left:424px;top:54px;display:flex;">(413,122)</div><div id="a46508" style="position:absolute;font-family:'Arial';left:512px;top:54px;display:flex;">(157,033)</div><div id="a46512" style="position:absolute;font-family:'Arial';left:600px;top:54px;display:flex;">(210,559)</div><div id="a46514" style="position:absolute;font-family:'Arial';left:4px;top:73px;">Total </div><div id="a46517" style="position:absolute;font-family:'Arial';left:404px;top:73px;">$ </div><div id="a46519" style="position:absolute;font-family:'Arial';left:424px;top:73px;display:flex;">(444,415)</div><div id="a46522" style="position:absolute;font-family:'Arial';left:492px;top:73px;">$ </div><div id="a46524" style="position:absolute;font-family:'Arial';left:512px;top:73px;display:flex;">(149,190)</div><div id="a46527" style="position:absolute;font-family:'Arial';left:580px;top:73px;">$ </div><div id="a46529" style="position:absolute;font-family:'Arial';left:605px;top:73px;">123,814</div></div></div></div></div><div id="TextBlockContainer2618" style="position:relative;line-height:normal;width:503px;height:17px;"><div id="TextContainer2618" style="position:relative;width:503px;z-index:1;font-size:13.28px;"><div id="a46532" style="position:absolute;font-family:'Arial';left:5px;top:0px;">Total</div><div id="a46534" style="position:absolute;font-family:'Arial';left:38px;top:0px;">income tax benefit for the periods presented below consisted<div style="display:inline-block;width:5px;white-space:pre"> </div>of the following:</div></div></div><div id="TextBlockContainer2622" style="position:relative;line-height:normal;width:668px;height:229px;"><div style="position:absolute; width:82.1px; height:1px; left:401.1px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:483.2px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:483.8px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:489.1px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:81.5px; height:1px; left:489.7px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:571.2px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:571.9px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:577.1px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:81.4px; height:1px; left:577.8px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:394.2px; height:1px; left:1px; top:33.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:401.1px; top:33.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:413.1px; top:33.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:413.7px; top:33.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:33.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:33.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:33.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:33.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:33.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:33.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:401.1px; top:104px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:413.1px; top:104px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:413.7px; top:104px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:104px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:104px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:104px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:104px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:104px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:104px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:401.1px; top:191px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:413.1px; top:191px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:413.7px; top:191px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:191px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:191px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:191px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:191px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:191px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:191px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:401.1px; top:209px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:413.1px; top:209px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:413.7px; top:209px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:209px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:209px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:209px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:209px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:209px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:209px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:400.1px; top:227.8px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:412.1px; top:227.8px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:415px; top:227.8px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:488.1px; top:227.8px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:500.1px; top:227.8px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:503px; top:227.8px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:576.2px; top:227.8px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:588.2px; top:227.8px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:591.1px; top:227.8px; background-color:#000000; "> </div> <div id="TextContainer2622" style="position:relative;width:668px;z-index:1;font-size:13.28px;"><div id="a46560" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:496px;top:0px;">December 31, </div><div id="a46562" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:22px;">(US$ thousands) </div><div id="a46565" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:430px;top:22px;">2025 </div><div id="a46568" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:519px;top:22px;">2024 </div><div id="a46571" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:607px;top:22px;">2023 </div><div id="a46573" style="position:absolute;font-family:'Arial';left:4px;top:37px;">Current: </div><div id="a46584" style="position:absolute;font-family:'Arial';left:4px;top:54px;">U.S. federal </div><div id="a46587" style="position:absolute;font-family:'Arial';left:404px;top:54px;">$ </div><div id="a46589" style="position:absolute;font-family:'Arial';left:443px;top:54px;">1,635</div><div id="a46592" style="position:absolute;font-family:'Arial';left:492px;top:54px;">$ </div><div id="a46594" style="position:absolute;font-family:'Arial';left:538px;top:54px;display:flex;">(867)</div><div id="a46597" style="position:absolute;font-family:'Arial';left:580px;top:54px;">$ </div><div id="a46599" style="position:absolute;font-family:'Arial';left:615px;top:54px;display:flex;">(6,303)</div><div id="a46601" style="position:absolute;font-family:'Arial';left:4px;top:72px;">Non-U.S. </div><div id="a46607" style="position:absolute;font-family:'Arial';left:450px;top:72px;display:flex;">(166)</div><div id="a46611" style="position:absolute;font-family:'Arial';left:543px;top:72px;">720</div><div id="a46615" style="position:absolute;font-family:'Arial';left:615px;top:72px;display:flex;">(2,715)</div><div id="a46617" style="position:absolute;font-family:'Arial';left:4px;top:89px;">State </div><div id="a46621" style="position:absolute;font-family:'Arial';left:454px;top:89px;">448</div><div id="a46625" style="position:absolute;font-family:'Arial';left:538px;top:89px;display:flex;">(636)</div><div id="a46629" style="position:absolute;font-family:'Arial';left:615px;top:89px;display:flex;">(1,895)</div><div id="a46631" style="position:absolute;font-family:'Arial';left:4px;top:107px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>current </div><div id="a46635" style="position:absolute;font-family:'Arial';left:443px;top:107px;">1,917</div><div id="a46639" style="position:absolute;font-family:'Arial';left:538px;top:107px;display:flex;">(783)</div><div id="a46643" style="position:absolute;font-family:'Arial';left:607px;top:107px;display:flex;">(10,913)</div><div id="a46645" style="position:absolute;font-family:'Arial';left:4px;top:124px;">Deferred: </div><div id="a46656" style="position:absolute;font-family:'Arial';left:4px;top:141px;">U.S. federal </div><div id="a46660" style="position:absolute;font-family:'Arial';left:431px;top:141px;display:flex;">(12,156)</div><div id="a46664" style="position:absolute;font-family:'Arial';left:519px;top:141px;display:flex;">(61,977)</div><div id="a46668" style="position:absolute;font-family:'Arial';left:612px;top:141px;">28,943</div><div id="a46670" style="position:absolute;font-family:'Arial';left:4px;top:158px;">Non-U.S. </div><div id="a46676" style="position:absolute;font-family:'Arial';left:450px;top:158px;display:flex;">(551)</div><div id="a46680" style="position:absolute;font-family:'Arial';left:524px;top:158px;">23,706</div><div id="a46684" style="position:absolute;font-family:'Arial';left:607px;top:158px;display:flex;">(45,976)</div><div id="a46686" style="position:absolute;font-family:'Arial';left:4px;top:176px;">State </div><div id="a46690" style="position:absolute;font-family:'Arial';left:438px;top:176px;display:flex;">(1,569)</div><div id="a46694" style="position:absolute;font-family:'Arial';left:527px;top:176px;display:flex;">(1,255)</div><div id="a46698" style="position:absolute;font-family:'Arial';left:615px;top:176px;display:flex;">(4,305)</div><div id="a46700" style="position:absolute;font-family:'Arial';left:4px;top:194px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>deferred </div><div id="a46704" style="position:absolute;font-family:'Arial';left:431px;top:194px;display:flex;">(14,276)</div><div id="a46708" style="position:absolute;font-family:'Arial';left:519px;top:194px;display:flex;">(39,526)</div><div id="a46712" style="position:absolute;font-family:'Arial';left:607px;top:194px;display:flex;">(21,338)</div><div id="a46714" style="position:absolute;font-family:'Arial';left:4px;top:213px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>income tax benefit </div><div id="a46717" style="position:absolute;font-family:'Arial';left:404px;top:213px;">$ </div><div id="a46719" style="position:absolute;font-family:'Arial';left:431px;top:213px;display:flex;">(12,359)</div><div id="a46722" style="position:absolute;font-family:'Arial';left:492px;top:213px;">$ </div><div id="a46724" style="position:absolute;font-family:'Arial';left:519px;top:213px;display:flex;">(40,309)</div><div id="a46727" style="position:absolute;font-family:'Arial';left:580px;top:213px;">$ </div><div id="a46729" style="position:absolute;font-family:'Arial';left:607px;top:213px;display:flex;">(32,251)</div></div></div><div id="TextBlockContainer2627" style="position:relative;line-height:normal;width:676px;height:78px;"><div id="TextContainer2627" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a46732" style="position:absolute;font-family:'Arial';left:5px;top:0px;">As<div style="display:inline-block;width:7px;white-space:pre"> </div>further<div style="display:inline-block;width:7px;white-space:pre"> </div>described<div style="display:inline-block;width:7px;white-space:pre"> </div>in<div style="display:inline-block;width:7px;white-space:pre"> </div>Note<div style="display:inline-block;width:7px;white-space:pre"> </div>2,<div style="display:inline-block;width:7px;white-space:pre"> </div>Summary<div style="display:inline-block;width:7px;white-space:pre"> </div>of<div style="display:inline-block;width:7px;white-space:pre"> </div>Significant<div style="display:inline-block;width:7px;white-space:pre"> </div>Accounting<div style="display:inline-block;width:7px;white-space:pre"> </div>Policies,<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>Company<div style="display:inline-block;width:7px;white-space:pre"> </div>has<div style="display:inline-block;width:7px;white-space:pre"> </div>elected<div style="display:inline-block;width:7px;white-space:pre"> </div>to </div><div id="a46733" style="position:absolute;font-family:'Arial';left:5px;top:15px;">prospectively<div style="display:inline-block;width:6px;white-space:pre"> </div>adopt<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>guidance<div style="display:inline-block;width:6px;white-space:pre"> </div>in<div style="display:inline-block;width:6px;white-space:pre"> </div>ASU<div style="display:inline-block;width:5px;white-space:pre"> </div>No.<div style="display:inline-block;width:5px;white-space:pre"> </div>2023-09,<div style="display:inline-block;width:6px;white-space:pre"> </div>Income<div style="display:inline-block;width:6px;white-space:pre"> </div>Taxes<div style="display:inline-block;width:7px;white-space:pre"> </div>(Topic<div style="display:inline-block;width:7px;white-space:pre"> </div>740):<div style="display:inline-block;width:6px;white-space:pre"> </div>Improvements<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:5px;white-space:pre"> </div>Income </div><div id="a46736" style="position:absolute;font-family:'Arial';left:5px;top:31px;">Taxes<div style="display:inline-block;width:6px;white-space:pre"> </div>Disclosures, or<div style="display:inline-block;width:6px;white-space:pre"> </div>ASU 2023-09.<div style="display:inline-block;width:6px;white-space:pre"> </div>The following<div style="display:inline-block;width:6px;white-space:pre"> </div>table is<div style="display:inline-block;width:5px;white-space:pre"> </div>a reconciliation<div style="display:inline-block;width:6px;white-space:pre"> </div>of the<div style="display:inline-block;width:5px;white-space:pre"> </div>U.S. federal<div style="display:inline-block;width:6px;white-space:pre"> </div>statutory rate<div style="display:inline-block;width:6px;white-space:pre"> </div>of </div><div id="a46740" style="position:absolute;font-family:'Arial';left:5px;top:46px;">21</div><div id="a46740_2_106" style="position:absolute;font-family:'Arial';left:20px;top:46px;">% to the Company’s effective<div style="display:inline-block;width:6px;white-space:pre"> </div>rate for the year ended December<div style="display:inline-block;width:5px;white-space:pre"> </div>31, 2025 in accordance with<div style="display:inline-block;width:5px;white-space:pre"> </div>the guidance in </div><div id="a46741" style="position:absolute;font-family:'Arial';left:5px;top:61px;">ASU No. 2023-09:</div></div></div><div id="TextBlockContainer2631" style="position:relative;line-height:normal;width:664px;height:374px;"><div style="position:absolute; width:12px; height:1px; left:500.1px; top:15.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:512.1px; top:15.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:139.4px; height:1px; left:512.7px; top:15.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:490.2px; height:1px; left:4px; top:33.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:500.1px; top:33.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:512.1px; top:33.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:68.4px; height:1px; left:512.7px; top:33.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:581.1px; top:33.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:13.4px; height:1px; left:581.7px; top:33.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:595.2px; top:33.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:56.3px; height:1px; left:595.8px; top:33.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:500.1px; top:332.2px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:512.1px; top:332.2px; background-color:#000000; "> </div> <div style="position:absolute; width:68.4px; height:1px; left:512.7px; top:332.2px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:500.1px; top:350.8px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:500.1px; top:352.7px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:512.1px; top:350.8px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:512.1px; top:352.7px; background-color:#000000; "> </div> <div style="position:absolute; width:66.1px; height:1px; left:515px; top:350.8px; background-color:#000000; "> </div> <div style="position:absolute; width:66.1px; height:1px; left:515px; top:352.7px; background-color:#000000; "> </div> <div id="TextContainer2631" style="position:relative;width:664px;z-index:1;font-size:13.28px;"><div id="a46763" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:541px;top:0px;">December 31, </div><div id="a46765" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:7px;top:21px;">(US$ thousands) </div><div id="a46769" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:570px;top:21px;">2025 </div><div id="a46777" style="position:absolute;font-family:'Arial';left:7px;top:56px;">U.S. federal statutory tax rate </div><div id="a46780" style="position:absolute;font-family:'Arial';left:503px;top:56px;">$ </div><div id="a46782" style="position:absolute;font-family:'Arial';left:529px;top:56px;display:flex;">(93,327)</div><div id="a46785" style="position:absolute;font-family:'Arial';left:612px;top:54px;display:flex;">21.0%</div><div id="a46787" style="position:absolute;font-family:'Arial';left:7px;top:77px;">State and local income tax, net of federal (national) income<div style="display:inline-block;width:5px;white-space:pre"> </div>tax effect </div><div id="a46788" style="position:absolute;font-family:'Arial';font-size:8.64px;left:416px;top:77px;">(1)</div><div id="a46792" style="position:absolute;font-family:'Arial';left:547px;top:77px;display:flex;">(864)</div><div id="a46795" style="position:absolute;font-family:'Arial';left:619px;top:74px;display:flex;">0.2%</div><div id="a46803" style="position:absolute;font-family:'Arial';left:7px;top:112px;">Foreign tax effects </div><div id="a46810" style="position:absolute;font-family:'Arial';font-style:italic;left:7px;top:129px;">Australia </div><div id="a46817" style="position:absolute;font-family:'Arial';left:7px;top:146px;">Statutory tax rate difference between Australia and<div style="display:inline-block;width:5px;white-space:pre"> </div>United States </div><div id="a46821" style="position:absolute;font-family:'Arial';left:529px;top:146px;display:flex;">(37,070)</div><div id="a46824" style="position:absolute;font-family:'Arial';left:619px;top:145px;display:flex;">8.4%</div><div id="a46826" style="position:absolute;font-family:'Arial';left:7px;top:164px;">Valuation allowance </div><div id="a46830" style="position:absolute;font-family:'Arial';left:526px;top:164px;">109,438</div><div id="a46833" style="position:absolute;font-family:'Arial';left:603px;top:163px;">(</div><div id="a46833_1_4" style="position:absolute;font-family:'Arial';left:607px;top:163px;">24.6</div><div id="a46833_5_3" style="position:absolute;font-family:'Arial';left:633px;top:163px;">%) </div><div id="a46835" style="position:absolute;font-family:'Arial';left:7px;top:181px;">Foreign exchange permanent differences </div><div id="a46839" style="position:absolute;font-family:'Arial';left:534px;top:181px;">14,992</div><div id="a46842" style="position:absolute;font-family:'Arial';left:610px;top:180px;">(</div><div id="a46842_1_3" style="position:absolute;font-family:'Arial';left:615px;top:180px;">3.4</div><div id="a46842_4_3" style="position:absolute;font-family:'Arial';left:633px;top:180px;">%) </div><div id="a46844" style="position:absolute;font-family:'Arial';left:7px;top:198px;">Other </div><div id="a46848" style="position:absolute;font-family:'Arial';left:536px;top:198px;display:flex;">(1,580)</div><div id="a46851" style="position:absolute;font-family:'Arial';left:619px;top:197px;display:flex;">0.4%</div><div id="a46859" style="position:absolute;font-family:'Arial';font-style:italic;left:7px;top:232px;">Effects of cross-border tax laws </div><div id="a46868" style="position:absolute;font-family:'Arial';left:7px;top:249px;">U.S. impact of branch income at </div><div id="a46868_32_3" style="position:absolute;font-family:'Arial';left:200px;top:249px;">3.4</div><div id="a46868_35_2" style="position:absolute;font-family:'Arial';left:219px;top:249px;">% </div><div id="a46872" style="position:absolute;font-family:'Arial';left:529px;top:249px;display:flex;">(85,469)</div><div id="a46875" style="position:absolute;font-family:'Arial';left:612px;top:248px;display:flex;">19.2%</div><div id="a46877" style="position:absolute;font-family:'Arial';left:7px;top:266px;">Changes in valuation allowance </div><div id="a46881" style="position:absolute;font-family:'Arial';left:534px;top:266px;">81,640</div><div id="a46884" style="position:absolute;font-family:'Arial';left:603px;top:265px;">(</div><div id="a46884_1_4" style="position:absolute;font-family:'Arial';left:607px;top:265px;">18.4</div><div id="a46884_5_3" style="position:absolute;font-family:'Arial';left:633px;top:265px;">%) </div><div id="a46886" style="position:absolute;font-family:'Arial';left:7px;top:283px;">Non-taxable or non-deductible items </div><div id="a46894" style="position:absolute;font-family:'Arial';left:536px;top:283px;display:flex;">(1,765)</div><div id="a46897" style="position:absolute;font-family:'Arial';left:619px;top:282px;display:flex;">0.3%</div><div id="a46899" style="position:absolute;font-family:'Arial';left:7px;top:300px;">Changes in unrecognized tax benefits </div><div id="a46903" style="position:absolute;font-family:'Arial';left:541px;top:300px;">1,906</div><div id="a46906" style="position:absolute;font-family:'Arial';left:610px;top:299px;">(</div><div id="a46906_1_3" style="position:absolute;font-family:'Arial';left:615px;top:299px;">0.4</div><div id="a46906_4_3" style="position:absolute;font-family:'Arial';left:633px;top:299px;">%) </div><div id="a46908" style="position:absolute;font-family:'Arial';left:7px;top:317px;">Other adjustments </div><div id="a46912" style="position:absolute;font-family:'Arial';left:547px;top:317px;display:flex;">(260)</div><div id="a46915" style="position:absolute;font-family:'Arial';left:619px;top:316px;display:flex;">0.1%</div><div id="a46917" style="position:absolute;font-family:'Arial';left:7px;top:336px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>income tax benefit </div><div id="a46920" style="position:absolute;font-family:'Arial';left:503px;top:336px;">$ </div><div id="a46922" style="position:absolute;font-family:'Arial';left:529px;top:336px;display:flex;">(12,359)</div><div id="a46925" style="position:absolute;font-family:'Arial';left:619px;top:336px;display:flex;">2.8%</div><div id="a46927" style="position:absolute;font-family:'Arial';left:7px;top:357px;">Effective tax rate </div><div id="a46931" style="position:absolute;font-family:'Arial';left:548px;top:357px;display:flex;">2.8%</div></div></div><div id="TextBlockContainer2636" style="position:relative;line-height:normal;width:671px;height:94px;"><div id="TextContainer2636" style="position:relative;width:671px;z-index:1;font-size:13.28px;"><div id="a46936" style="position:absolute;font-family:'Arial';font-size:8.64px;left:3px;top:0px;">(1)</div><div id="a46937" style="position:absolute;font-family:'Arial';left:14px;top:0px;"><div style="display:inline-block;width:5px;white-space:pre"> </div>State<div style="display:inline-block;width:5px;white-space:pre"> </div>taxes<div style="display:inline-block;width:5px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>West<div style="display:inline-block;width:6px;white-space:pre"> </div>Virginia<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>Virginia<div style="display:inline-block;width:6px;white-space:pre"> </div>made<div style="display:inline-block;width:5px;white-space:pre"> </div>up<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>majority<div style="display:inline-block;width:5px;white-space:pre"> </div>(greater<div style="display:inline-block;width:6px;white-space:pre"> </div>than<div style="display:inline-block;width:5px;white-space:pre"> </div>50%)<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>tax<div style="display:inline-block;width:5px;white-space:pre"> </div>effect<div style="display:inline-block;width:6px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>this </div><div id="a46939" style="position:absolute;font-family:'Arial';left:3px;top:15px;">category. </div><div id="a46941" style="position:absolute;font-family:'Arial';left:3px;top:46px;">The following is a<div style="display:inline-block;width:5px;white-space:pre"> </div>reconciliation of the<div style="display:inline-block;width:5px;white-space:pre"> </div>U.S. federal statutory<div style="display:inline-block;width:5px;white-space:pre"> </div>rate of </div><div id="a46941_72_2" style="position:absolute;font-family:'Arial';left:403px;top:46px;">21</div><div id="a46941_74_42" style="position:absolute;font-family:'Arial';left:418px;top:46px;">% to the Company’s<div style="display:inline-block;width:6px;white-space:pre"> </div>effective rate for<div style="display:inline-block;width:6px;white-space:pre"> </div>the </div><div id="a46943" style="position:absolute;font-family:'Arial';left:3px;top:62px;">year ended December<div style="display:inline-block;width:5px;white-space:pre"> </div>31, 2024 and<div style="display:inline-block;width:5px;white-space:pre"> </div>2023, in accordance<div style="display:inline-block;width:5px;white-space:pre"> </div>with the guidance<div style="display:inline-block;width:5px;white-space:pre"> </div>prior to the adoption<div style="display:inline-block;width:6px;white-space:pre"> </div>of ASU 2023-</div><div id="a46945" style="position:absolute;font-family:'Arial';left:3px;top:77px;">09:</div></div></div><div id="TextBlockContainer2642" style="position:relative;line-height:normal;width:680px;height:260px;"><div id="div_2639_XBRL_TS_3079588ff9744e36b44be784af380b72" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2640" style="position:relative;line-height:normal;width:680px;height:260px;"><div style="position:absolute; width:5.9px; height:1px; left:495.2px; top:15.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:15.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:81.5px; height:1px; left:501.7px; top:15.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:583.2px; top:15.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:583.9px; top:15.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:15.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:81.4px; height:1px; left:589.8px; top:15.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:494.2px; height:1px; left:1px; top:33.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:501.1px; top:33.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:513.1px; top:33.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:513.7px; top:33.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:589.1px; top:33.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:601.1px; top:33.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:601.8px; top:33.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:501.1px; top:218.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:513.1px; top:218.8px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:513.7px; top:218.8px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:589.1px; top:218.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:601.1px; top:218.8px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:601.8px; top:218.8px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:501.1px; top:237.6px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:501.1px; top:239.5px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:513.1px; top:237.6px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:513.1px; top:239.5px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:516px; top:237.6px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:516px; top:239.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:589.1px; top:237.6px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:589.1px; top:239.5px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:601.1px; top:237.6px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:601.1px; top:239.5px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:604px; top:237.6px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:604px; top:239.5px; background-color:#000000; "> </div> <div id="TextContainer2640" style="position:relative;width:680px;z-index:1;font-size:13.28px;"><div id="a46950" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:549px;top:0px;">December 31, </div><div id="a46952" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:21px;">(US$ thousands) </div><div id="a46955" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:531px;top:21px;">2024 </div><div id="a46958" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:619px;top:21px;">2023 </div><div id="a46960" style="position:absolute;font-family:'Arial';left:4px;top:36px;">Current: </div><div id="a46968" style="position:absolute;font-family:'Arial';left:4px;top:68px;">Expected income tax expense at U.S. federal statutory rate </div><div id="a46971" style="position:absolute;font-family:'Arial';left:504px;top:68px;">$ </div><div id="a46973" style="position:absolute;font-family:'Arial';left:531px;top:68px;display:flex;">(31,330)</div><div id="a46976" style="position:absolute;font-family:'Arial';left:592px;top:68px;">$ </div><div id="a46978" style="position:absolute;font-family:'Arial';left:624px;top:68px;">26,001</div><div id="a46980" style="position:absolute;font-family:'Arial';left:4px;top:85px;">Percentage depletion </div><div id="a46984" style="position:absolute;font-family:'Arial';left:539px;top:85px;display:flex;">(3,407)</div><div id="a46988" style="position:absolute;font-family:'Arial';left:619px;top:85px;display:flex;">(17,871)</div><div id="a46990" style="position:absolute;font-family:'Arial';left:4px;top:102px;">FDII deduction </div><div id="a46994" style="position:absolute;font-family:'Arial';left:563px;top:102px;">—</div><div id="a46998" style="position:absolute;font-family:'Arial';left:627px;top:102px;display:flex;">(7,796)</div><div id="a47000" style="position:absolute;font-family:'Arial';left:4px;top:119px;">Permanent differences </div><div id="a47004" style="position:absolute;font-family:'Arial';left:539px;top:119px;display:flex;">(1,130)</div><div id="a47008" style="position:absolute;font-family:'Arial';left:631px;top:119px;">2,176</div><div id="a47010" style="position:absolute;font-family:'Arial';left:4px;top:136px;">Prior period tax return adjustments and amendments </div><div id="a47014" style="position:absolute;font-family:'Arial';left:539px;top:136px;display:flex;">(1,347)</div><div id="a47018" style="position:absolute;font-family:'Arial';left:619px;top:136px;display:flex;">(46,060)</div><div id="a47020" style="position:absolute;font-family:'Arial';left:4px;top:153px;">Uncertain tax positions </div><div id="a47024" style="position:absolute;font-family:'Arial';left:539px;top:153px;display:flex;">(1,007)</div><div id="a47028" style="position:absolute;font-family:'Arial';left:624px;top:153px;">21,243</div><div id="a47030" style="position:absolute;font-family:'Arial';left:4px;top:170px;">U.S. and residual tax on foreign earnings </div><div id="a47034" style="position:absolute;font-family:'Arial';left:531px;top:170px;display:flex;">(32,007)</div><div id="a47038" style="position:absolute;font-family:'Arial';left:619px;top:170px;display:flex;">(11,146)</div><div id="a47040" style="position:absolute;font-family:'Arial';left:4px;top:187px;">Australian branch impact on US taxes </div><div id="a47044" style="position:absolute;font-family:'Arial';left:536px;top:187px;">29,924</div><div id="a47048" style="position:absolute;font-family:'Arial';left:627px;top:187px;display:flex;">(3,406)</div><div id="a47050" style="position:absolute;font-family:'Arial';left:4px;top:204px;">State income taxes, net of federal benefit </div><div id="a47054" style="position:absolute;font-family:'Arial';left:564px;top:204px;display:flex;">(5)</div><div id="a47058" style="position:absolute;font-family:'Arial';left:631px;top:204px;">4,608</div><div id="a47060" style="position:absolute;font-family:'Arial';left:4px;top:222px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>income tax benefit </div><div id="a47063" style="position:absolute;font-family:'Arial';left:504px;top:222px;">$ </div><div id="a47065" style="position:absolute;font-family:'Arial';left:531px;top:222px;display:flex;">(40,309)</div><div id="a47068" style="position:absolute;font-family:'Arial';left:592px;top:222px;">$ </div><div id="a47070" style="position:absolute;font-family:'Arial';left:619px;top:222px;display:flex;">(32,251)</div><div id="a47072" style="position:absolute;font-family:'Arial';left:4px;top:243px;">Effective tax rate </div><div id="a47076" style="position:absolute;font-family:'Arial';left:554px;top:243px;display:flex;">27%</div><div id="a47080" style="position:absolute;font-family:'Arial';left:622px;top:243px;">(</div><div id="a47080_1_4" style="position:absolute;font-family:'Arial';left:627px;top:243px;">26.0</div><div id="a47080_5_2" style="position:absolute;font-family:'Arial';left:652px;top:243px;">%)</div></div></div></div></div><div id="TextBlockContainer2645" style="position:relative;line-height:normal;width:676px;height:117px;"><div id="TextContainer2645" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a47083" style="position:absolute;font-family:'Arial';left:5px;top:0px;">The<div style="display:inline-block;width:6px;white-space:pre"> </div>2023<div style="display:inline-block;width:7px;white-space:pre"> </div>prior<div style="display:inline-block;width:7px;white-space:pre"> </div>period<div style="display:inline-block;width:7px;white-space:pre"> </div>tax<div style="display:inline-block;width:7px;white-space:pre"> </div>return<div style="display:inline-block;width:7px;white-space:pre"> </div>adjustment<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>amendments<div style="display:inline-block;width:7px;white-space:pre"> </div>relates<div style="display:inline-block;width:7px;white-space:pre"> </div>predominantly<div style="display:inline-block;width:7px;white-space:pre"> </div>to<div style="display:inline-block;width:7px;white-space:pre"> </div>a<div style="display:inline-block;width:7px;white-space:pre"> </div>Foreign<div style="display:inline-block;width:7px;white-space:pre"> </div>Derived </div><div id="a47085" style="position:absolute;font-family:'Arial';left:5px;top:15px;">Intangible Income<div style="display:inline-block;width:6px;white-space:pre"> </div>(“FDII”) deduction<div style="display:inline-block;width:6px;white-space:pre"> </div>in the<div style="display:inline-block;width:5px;white-space:pre"> </div>U.S. which<div style="display:inline-block;width:5px;white-space:pre"> </div>the Company<div style="display:inline-block;width:5px;white-space:pre"> </div>has chosen<div style="display:inline-block;width:6px;white-space:pre"> </div>to deduct<div style="display:inline-block;width:5px;white-space:pre"> </div>after undertaking<div style="display:inline-block;width:6px;white-space:pre"> </div>a </div><div id="a47086" style="position:absolute;font-family:'Arial';left:5px;top:31px;">study to confirm the Company’s eligibility.<div style="display:inline-block;width:6px;white-space:pre"> </div></div><div id="a47088" style="position:absolute;font-family:'Arial';left:5px;top:54px;">Deferred income taxes<div style="display:inline-block;width:2px;white-space:pre"> </div>reflect the net<div style="display:inline-block;width:2px;white-space:pre"> </div>tax effects of<div style="display:inline-block;width:2px;white-space:pre"> </div>temporary differences between the<div style="display:inline-block;width:2px;white-space:pre"> </div>carrying amounts of<div style="display:inline-block;width:2px;white-space:pre"> </div>assets </div><div id="a47089" style="position:absolute;font-family:'Arial';left:5px;top:69px;">and liabilities<div style="display:inline-block;width:5px;white-space:pre"> </div>for financial<div style="display:inline-block;width:5px;white-space:pre"> </div>reporting purposes<div style="display:inline-block;width:6px;white-space:pre"> </div>and the<div style="display:inline-block;width:5px;white-space:pre"> </div>amount used<div style="display:inline-block;width:5px;white-space:pre"> </div>for income<div style="display:inline-block;width:5px;white-space:pre"> </div>tax purposes<div style="display:inline-block;width:5px;white-space:pre"> </div>using the<div style="display:inline-block;width:5px;white-space:pre"> </div>enacted </div><div id="a47090" style="position:absolute;font-family:'Arial';left:5px;top:85px;">tax rates and laws currently<div style="display:inline-block;width:5px;white-space:pre"> </div>in effect. Significant components<div style="display:inline-block;width:5px;white-space:pre"> </div>of the Company’s deferred<div style="display:inline-block;width:5px;white-space:pre"> </div>income tax assets and </div><div id="a47093" style="position:absolute;font-family:'Arial';left:5px;top:100px;">liabilities as of December 31, 2025 and 2024 were as follows:</div></div></div><div id="TextBlockContainer2651" style="position:relative;line-height:normal;width:668px;height:440px;"><div id="div_2648_XBRL_TS_974d3592e50541b294c22f642a4cdba2" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2649" style="position:relative;line-height:normal;width:668px;height:440px;"><div style="position:absolute; width:82.1px; height:1px; left:489.1px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:571.2px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:571.9px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:577.1px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:81.4px; height:1px; left:577.8px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:482.2px; height:1px; left:1px; top:30.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:30.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:30.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:30.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:30.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:30.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:30.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:188.6px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:188.6px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:188.6px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:188.6px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:188.6px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:188.6px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:227.4px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:227.4px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:227.4px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:227.4px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:227.4px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:227.4px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:245.3px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:245.3px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:245.3px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:245.3px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:245.3px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:245.3px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:384px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:384px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:384px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:384px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:384px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:384px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:402px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:402px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:402px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:402px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:402px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:402px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:420px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:420px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:420px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:420px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:420px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:420px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:488.1px; top:438.8px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:500.1px; top:438.8px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:503px; top:438.8px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:576.2px; top:438.8px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:588.2px; top:438.8px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:591.1px; top:438.8px; background-color:#000000; "> </div> <div id="TextContainer2649" style="position:relative;width:668px;z-index:1;font-size:13.28px;"><div id="a47114" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:540px;top:0px;">December 31, </div><div id="a47116" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:19px;">(US$ thousands) </div><div id="a47119" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:519px;top:19px;">2025 </div><div id="a47122" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:607px;top:19px;">2024 </div><div id="a47124" style="position:absolute;font-family:'Arial';left:4px;top:34px;">Deferred income tax assets: </div><div id="a47132" style="position:absolute;font-family:'Arial';left:13px;top:51px;">Accruals and provisions </div><div id="a47135" style="position:absolute;font-family:'Arial';left:492px;top:51px;">$ </div><div id="a47137" style="position:absolute;font-family:'Arial';left:524px;top:51px;">54,488</div><div id="a47140" style="position:absolute;font-family:'Arial';left:580px;top:51px;">$ </div><div id="a47142" style="position:absolute;font-family:'Arial';left:612px;top:51px;">40,594</div><div id="a47144" style="position:absolute;font-family:'Arial';left:13px;top:68px;">Contract obligations </div><div id="a47148" style="position:absolute;font-family:'Arial';left:524px;top:68px;">91,754</div><div id="a47152" style="position:absolute;font-family:'Arial';left:612px;top:68px;">90,849</div><div id="a47154" style="position:absolute;font-family:'Arial';left:13px;top:86px;">Lease obligations </div><div id="a47158" style="position:absolute;font-family:'Arial';left:524px;top:86px;">47,327</div><div id="a47162" style="position:absolute;font-family:'Arial';left:612px;top:86px;">43,633</div><div id="a47164" style="position:absolute;font-family:'Arial';left:13px;top:103px;">Asset retirement obligation </div><div id="a47168" style="position:absolute;font-family:'Arial';left:524px;top:103px;">56,845</div><div id="a47172" style="position:absolute;font-family:'Arial';left:612px;top:103px;">59,981</div><div id="a47174" style="position:absolute;font-family:'Arial';left:13px;top:120px;">Goodwill </div><div id="a47178" style="position:absolute;font-family:'Arial';left:531px;top:120px;">6,510</div><div id="a47182" style="position:absolute;font-family:'Arial';left:619px;top:120px;">6,047</div><div id="a47184" style="position:absolute;font-family:'Arial';left:13px;top:138px;">Tax<div style="display:inline-block;width:5px;white-space:pre"> </div>losses </div><div id="a47188" style="position:absolute;font-family:'Arial';left:517px;top:138px;">331,732</div><div id="a47192" style="position:absolute;font-family:'Arial';left:605px;top:138px;">115,695</div><div id="a47194" style="position:absolute;font-family:'Arial';left:13px;top:156px;">Interest limitation carried forward </div><div id="a47198" style="position:absolute;font-family:'Arial';left:524px;top:156px;">74,788</div><div id="a47202" style="position:absolute;font-family:'Arial';left:612px;top:156px;">26,943</div><div id="a47204" style="position:absolute;font-family:'Arial';left:13px;top:174px;">Other </div><div id="a47208" style="position:absolute;font-family:'Arial';left:524px;top:174px;">12,158</div><div id="a47212" style="position:absolute;font-family:'Arial';left:612px;top:174px;">31,228</div><div id="a47214" style="position:absolute;font-family:'Arial';left:13px;top:192px;">Gross deferred income tax assets </div><div id="a47218" style="position:absolute;font-family:'Arial';left:517px;top:192px;">675,602</div><div id="a47222" style="position:absolute;font-family:'Arial';left:605px;top:192px;">414,970</div><div id="a47224" style="position:absolute;font-family:'Arial';left:13px;top:212px;">Valuation allowance </div><div id="a47225" style="position:absolute;font-family:'Arial';font-size:8.64px;left:135px;top:213px;">(1)</div><div id="a47229" style="position:absolute;font-family:'Arial';left:512px;top:212px;display:flex;">(316,489)</div><div id="a47233" style="position:absolute;font-family:'Arial';left:600px;top:212px;display:flex;">(114,088)</div><div id="a47235" style="position:absolute;font-family:'Arial';left:13px;top:230px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>deferred income tax assets, net of valuation allowance </div><div id="a47239" style="position:absolute;font-family:'Arial';left:517px;top:230px;">359,113</div><div id="a47243" style="position:absolute;font-family:'Arial';left:605px;top:230px;">300,882</div><div id="a47245" style="position:absolute;font-family:'Arial';left:4px;top:265px;">Deferred income tax liabilities: </div><div id="a47253" style="position:absolute;font-family:'Arial';left:13px;top:284px;">Property, plant, equipment<div style="display:inline-block;width:5px;white-space:pre"> </div>and mine development, principally due to </div><div id="a47254" style="position:absolute;font-family:'Arial';left:13px;top:300px;">differences in depreciation, depletion and asset<div style="display:inline-block;width:5px;white-space:pre"> </div>impairments </div><div id="a47258" style="position:absolute;font-family:'Arial';left:512px;top:300px;display:flex;">(313,866)</div><div id="a47262" style="position:absolute;font-family:'Arial';left:600px;top:300px;display:flex;">(277,424)</div><div id="a47264" style="position:absolute;font-family:'Arial';left:13px;top:317px;">Warehouse stock </div><div id="a47268" style="position:absolute;font-family:'Arial';left:519px;top:317px;display:flex;">(18,053)</div><div id="a47272" style="position:absolute;font-family:'Arial';left:607px;top:317px;display:flex;">(12,209)</div><div id="a47274" style="position:absolute;font-family:'Arial';left:13px;top:334px;">Right of use asset </div><div id="a47278" style="position:absolute;font-family:'Arial';left:519px;top:334px;display:flex;">(44,085)</div><div id="a47282" style="position:absolute;font-family:'Arial';left:607px;top:334px;display:flex;">(41,947)</div><div id="a47284" style="position:absolute;font-family:'Arial';left:13px;top:352px;">U.S. liability on foreign deferred taxes </div><div id="a47288" style="position:absolute;font-family:'Arial';left:551px;top:352px;">—</div><div id="a47292" style="position:absolute;font-family:'Arial';left:639px;top:352px;">—</div><div id="a47294" style="position:absolute;font-family:'Arial';left:13px;top:369px;">Other </div><div id="a47298" style="position:absolute;font-family:'Arial';left:527px;top:369px;display:flex;">(6,358)</div><div id="a47302" style="position:absolute;font-family:'Arial';left:615px;top:369px;display:flex;">(6,039)</div><div id="a47304" style="position:absolute;font-family:'Arial';left:13px;top:387px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>deferred income tax liabilities </div><div id="a47308" style="position:absolute;font-family:'Arial';left:512px;top:387px;display:flex;">(382,362)</div><div id="a47312" style="position:absolute;font-family:'Arial';left:600px;top:387px;display:flex;">(337,619)</div><div id="a47321" style="position:absolute;font-family:'Arial';left:4px;top:424px;">Net deferred income tax liability </div><div id="a47324" style="position:absolute;font-family:'Arial';left:492px;top:424px;">$ </div><div id="a47326" style="position:absolute;font-family:'Arial';left:519px;top:424px;display:flex;">(23,249)</div><div id="a47329" style="position:absolute;font-family:'Arial';left:580px;top:424px;">$ </div><div id="a47331" style="position:absolute;font-family:'Arial';left:607px;top:424px;display:flex;">(36,737)</div></div></div></div></div><div id="TextBlockContainer2657" style="position:relative;line-height:normal;width:671px;height:480px;"><div id="div_2654_XBRL_TS_2215521ae9fa4e3ebdaa8721b8f636be" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2655" style="position:relative;line-height:normal;width:671px;height:139px;"><div id="TextContainer2655" style="position:relative;width:671px;z-index:1;font-size:13.28px;"><div id="a47334" style="position:absolute;font-family:'Arial';font-size:8.64px;left:3px;top:0px;">(1)</div><div id="a47335" style="position:absolute;font-family:'Arial';left:14px;top:0px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>As of<div style="display:inline-block;width:2px;white-space:pre"> </div>December 31,<div style="display:inline-block;width:2px;white-space:pre"> </div>2025, the<div style="display:inline-block;width:2px;white-space:pre"> </div>Company recorded a<div style="display:inline-block;width:2px;white-space:pre"> </div>valuation allowance<div style="display:inline-block;width:2px;white-space:pre"> </div>of $</div><div id="a47335_73_5" style="position:absolute;font-family:'Arial';left:458px;top:0px;">316.5</div><div id="a47335_78_17" style="position:absolute;font-family:'Arial';left:491px;top:0px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>million (2024:<div style="display:inline-block;width:2px;white-space:pre"> </div>$</div><div id="a47335_95_5" style="position:absolute;font-family:'Arial';left:583px;top:0px;">114.1</div><div id="a47335_100_10" style="position:absolute;font-family:'Arial';left:616px;top:0px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>million) </div><div id="a47349" style="position:absolute;font-family:'Arial';left:3px;top:15px;">against deferred tax<div style="display:inline-block;width:2px;white-space:pre"> </div>assets consisting predominantly of<div style="display:inline-block;width:2px;white-space:pre"> </div>tax losses, land<div style="display:inline-block;width:2px;white-space:pre"> </div>and goodwill. A<div style="display:inline-block;width:2px;white-space:pre"> </div>valuation allowance must </div><div id="a47350" style="position:absolute;font-family:'Arial';left:3px;top:30px;">be established for deferred<div style="display:inline-block;width:5px;white-space:pre"> </div>tax assets if it is “more<div style="display:inline-block;width:2px;white-space:pre"> </div>-likely-than-not” that they will<div style="display:inline-block;width:5px;white-space:pre"> </div>not be realized. The<div style="display:inline-block;width:5px;white-space:pre"> </div>increase in </div><div id="a47358" style="position:absolute;font-family:'Arial';left:3px;top:46px;">the valuation<div style="display:inline-block;width:5px;white-space:pre"> </div>allowance of<div style="display:inline-block;width:6px;white-space:pre"> </div>$</div><div id="a47358_28_5" style="position:absolute;font-family:'Arial';left:171px;top:46px;">202.4</div><div id="a47358_33_78" style="position:absolute;font-family:'Arial';left:204px;top:46px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million for<div style="display:inline-block;width:5px;white-space:pre"> </div>the year<div style="display:inline-block;width:5px;white-space:pre"> </div>was predominantly<div style="display:inline-block;width:5px;white-space:pre"> </div>driven by<div style="display:inline-block;width:5px;white-space:pre"> </div>tax losses<div style="display:inline-block;width:5px;white-space:pre"> </div>incurred in<div style="display:inline-block;width:5px;white-space:pre"> </div>2025 </div><div id="a47361" style="position:absolute;font-family:'Arial';left:3px;top:61px;">which have<div style="display:inline-block;width:6px;white-space:pre"> </div>not been<div style="display:inline-block;width:6px;white-space:pre"> </div>recognized.<div style="display:inline-block;width:5px;white-space:pre"> </div>Under Australian<div style="display:inline-block;width:6px;white-space:pre"> </div>tax law,<div style="display:inline-block;width:6px;white-space:pre"> </div>tax losses<div style="display:inline-block;width:6px;white-space:pre"> </div>may be<div style="display:inline-block;width:6px;white-space:pre"> </div>carried forward<div style="display:inline-block;width:6px;white-space:pre"> </div>indefinitely and </div><div id="a47363" style="position:absolute;font-family:'Arial';left:3px;top:76px;">utilized<div style="display:inline-block;width:6px;white-space:pre"> </div>subject<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>meeting<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>tax<div style="display:inline-block;width:6px;white-space:pre"> </div>loss<div style="display:inline-block;width:6px;white-space:pre"> </div>recoupment<div style="display:inline-block;width:6px;white-space:pre"> </div>rules,<div style="display:inline-block;width:6px;white-space:pre"> </div>which<div style="display:inline-block;width:6px;white-space:pre"> </div>broadly<div style="display:inline-block;width:6px;white-space:pre"> </div>look<div style="display:inline-block;width:6px;white-space:pre"> </div>at<div style="display:inline-block;width:6px;white-space:pre"> </div>whether<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company<div style="display:inline-block;width:6px;white-space:pre"> </div>has </div><div id="a47364" style="position:absolute;font-family:'Arial';left:3px;top:92px;">maintained the<div style="display:inline-block;width:6px;white-space:pre"> </div>same majority<div style="display:inline-block;width:6px;white-space:pre"> </div>ownership and<div style="display:inline-block;width:6px;white-space:pre"> </div>control, and<div style="display:inline-block;width:5px;white-space:pre"> </div>failing that,<div style="display:inline-block;width:6px;white-space:pre"> </div>whether the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company has<div style="display:inline-block;width:6px;white-space:pre"> </div>maintained a </div><div id="a47365" style="position:absolute;font-family:'Arial';left:3px;top:107px;">similar business.<div style="display:inline-block;width:7px;white-space:pre"> </div>In the<div style="display:inline-block;width:6px;white-space:pre"> </div>United<div style="display:inline-block;width:5px;white-space:pre"> </div>States,<div style="display:inline-block;width:5px;white-space:pre"> </div>tax<div style="display:inline-block;width:5px;white-space:pre"> </div>losses<div style="display:inline-block;width:5px;white-space:pre"> </div>may<div style="display:inline-block;width:5px;white-space:pre"> </div>be carried<div style="display:inline-block;width:6px;white-space:pre"> </div>forward<div style="display:inline-block;width:5px;white-space:pre"> </div>indefinitely<div style="display:inline-block;width:5px;white-space:pre"> </div>but<div style="display:inline-block;width:5px;white-space:pre"> </div>can<div style="display:inline-block;width:5px;white-space:pre"> </div>only<div style="display:inline-block;width:5px;white-space:pre"> </div>be<div style="display:inline-block;width:5px;white-space:pre"> </div>used<div style="display:inline-block;width:5px;white-space:pre"> </div>to </div><div id="a47367" style="position:absolute;font-family:'Arial';left:3px;top:122px;">shelter 80% of future taxable income in any year</div><div id="a47368" style="position:absolute;font-family:'Arial';color:#EE0000;left:289px;top:122px;">.</div></div></div></div><div id="TextContainer2657" style="position:relative;width:671px;z-index:1;font-size:13.28px;"><div id="a47370" style="position:absolute;font-family:'Arial';left:3px;top:150px;">For U.S. tax purposes,<div style="display:inline-block;width:5px;white-space:pre"> </div>the group had tax<div style="display:inline-block;width:5px;white-space:pre"> </div>losses carried forward of<div style="display:inline-block;width:5px;white-space:pre"> </div>$</div><div id="a47370_68_5" style="position:absolute;font-family:'Arial';left:407px;top:150px;">140.0</div><div id="a47370_73_37" style="position:absolute;font-family:'Arial';left:441px;top:150px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million at December<div style="display:inline-block;width:5px;white-space:pre"> </div>31, 2025 (2024: </div><div id="a47408" style="position:absolute;font-family:'Arial';left:3px;top:165px;">$</div><div id="a47408_1_4" style="position:absolute;font-family:'Arial';left:11px;top:165px;">26.9</div><div id="a47408_5_104" style="position:absolute;font-family:'Arial';left:37px;top:165px;"><div style="display:inline-block;width:5px;white-space:pre"> </div>million)<div style="display:inline-block;width:5px;white-space:pre"> </div>(tax<div style="display:inline-block;width:5px;white-space:pre"> </div>effected).<div style="display:inline-block;width:6px;white-space:pre"> </div>At<div style="display:inline-block;width:5px;white-space:pre"> </div>December<div style="display:inline-block;width:6px;white-space:pre"> </div>31,<div style="display:inline-block;width:5px;white-space:pre"> </div>2025,<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>Australian<div style="display:inline-block;width:5px;white-space:pre"> </div>tax<div style="display:inline-block;width:5px;white-space:pre"> </div>consolidated<div style="display:inline-block;width:6px;white-space:pre"> </div>group<div style="display:inline-block;width:5px;white-space:pre"> </div>had<div style="display:inline-block;width:5px;white-space:pre"> </div>tax<div style="display:inline-block;width:5px;white-space:pre"> </div>losses<div style="display:inline-block;width:6px;white-space:pre"> </div>of </div><div id="a47442" style="position:absolute;font-family:'Arial';left:3px;top:180px;">$</div><div id="a47442_1_5" style="position:absolute;font-family:'Arial';left:11px;top:180px;">179.3</div><div id="a47442_6_33" style="position:absolute;font-family:'Arial';left:44px;top:180px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million carried forward (2024: $</div><div id="a47442_39_4" style="position:absolute;font-family:'Arial';left:230px;top:180px;">80.4</div><div id="a47442_43_73" style="position:absolute;font-family:'Arial';left:256px;top:180px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million) (tax effected). A company,<div style="display:inline-block;width:6px;white-space:pre"> </div>which is not part of the Australian </div><div id="a47479" style="position:absolute;font-family:'Arial';left:3px;top:196px;">tax consolidated<div style="display:inline-block;width:2px;white-space:pre"> </div>group, had<div style="display:inline-block;width:2px;white-space:pre"> </div>tax losses<div style="display:inline-block;width:2px;white-space:pre"> </div>carried forward<div style="display:inline-block;width:2px;white-space:pre"> </div>of $</div><div id="a47479_59_4" style="position:absolute;font-family:'Arial';left:340px;top:196px;">12.1</div><div id="a47479_63_38" style="position:absolute;font-family:'Arial';left:366px;top:196px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>million at<div style="display:inline-block;width:2px;white-space:pre"> </div>December 31,<div style="display:inline-block;width:2px;white-space:pre"> </div>2025 (2024:<div style="display:inline-block;width:2px;white-space:pre"> </div>$</div><div id="a47479_101_4" style="position:absolute;font-family:'Arial';left:590px;top:196px;">10.6</div><div id="a47479_105_10" style="position:absolute;font-family:'Arial';left:616px;top:196px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>million) </div><div id="a47515" style="position:absolute;font-family:'Arial';left:3px;top:211px;">(tax effected) for which an equal valuation has<div style="display:inline-block;width:5px;white-space:pre"> </div>been recognized. </div><div id="a47536" style="position:absolute;font-family:'Arial';font-style:italic;left:3px;top:240px;">BEPS Pillar Two:<div style="display:inline-block;width:5px;white-space:pre"> </div>Australian legislation enacted for global and minimum<div style="display:inline-block;width:5px;white-space:pre"> </div>domestic taxes </div><div id="a47560" style="position:absolute;font-family:'Arial';left:3px;top:268px;">In December 2024, the Australian Government enacted legislation that implemented key aspects of Pillar Two of </div><div id="a47593" style="position:absolute;font-family:'Arial';left:3px;top:284px;">the OECD/G20 Two-Pillar Solution which includes a 15% global minimum tax for large multinational<div style="display:inline-block;width:5px;white-space:pre"> </div>enterprises. </div><div id="a47625" style="position:absolute;font-family:'Arial';left:3px;top:299px;">This legislation did not have any impact on<div style="display:inline-block;width:2px;white-space:pre"> </div>the Company in the current year and will<div style="display:inline-block;width:2px;white-space:pre"> </div>be monitored going forward. </div><div id="a47666" style="position:absolute;font-family:'Arial';left:3px;top:328px;">On July<div style="display:inline-block;width:5px;white-space:pre"> </div>4, 2025,<div style="display:inline-block;width:5px;white-space:pre"> </div>the One<div style="display:inline-block;width:6px;white-space:pre"> </div>Big Beautiful<div style="display:inline-block;width:6px;white-space:pre"> </div>Bill Act<div style="display:inline-block;width:5px;white-space:pre"> </div>(the “Act”)<div style="display:inline-block;width:6px;white-space:pre"> </div>was signed<div style="display:inline-block;width:5px;white-space:pre"> </div>into law.<div style="display:inline-block;width:6px;white-space:pre"> </div>The legislation<div style="display:inline-block;width:6px;white-space:pre"> </div>include a<div style="display:inline-block;width:5px;white-space:pre"> </div>broad </div><div id="a47708" style="position:absolute;font-family:'Arial';left:3px;top:343px;">range<div style="display:inline-block;width:7px;white-space:pre"> </div>of<div style="display:inline-block;width:7px;white-space:pre"> </div>tax<div style="display:inline-block;width:7px;white-space:pre"> </div>reform<div style="display:inline-block;width:7px;white-space:pre"> </div>provisions<div style="display:inline-block;width:7px;white-space:pre"> </div>affecting<div style="display:inline-block;width:7px;white-space:pre"> </div>businesses<div style="display:inline-block;width:7px;white-space:pre"> </div>including,<div style="display:inline-block;width:7px;white-space:pre"> </div>but<div style="display:inline-block;width:7px;white-space:pre"> </div>not<div style="display:inline-block;width:7px;white-space:pre"> </div>limited<div style="display:inline-block;width:7px;white-space:pre"> </div>to,<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>expansion<div style="display:inline-block;width:7px;white-space:pre"> </div>of<div style="display:inline-block;width:7px;white-space:pre"> </div>bonus </div><div id="a47740" style="position:absolute;font-family:'Arial';left:3px;top:358px;">depreciation, immediate<div style="display:inline-block;width:5px;white-space:pre"> </div>expensing of domestic<div style="display:inline-block;width:6px;white-space:pre"> </div>R&amp;D costs,<div style="display:inline-block;width:5px;white-space:pre"> </div>and revisions to<div style="display:inline-block;width:6px;white-space:pre"> </div>the U.S. taxation<div style="display:inline-block;width:6px;white-space:pre"> </div>of profits derived </div><div id="a47772" style="position:absolute;font-family:'Arial';left:3px;top:374px;">from international operations. The<div style="display:inline-block;width:2px;white-space:pre"> </div>legislation has multiple<div style="display:inline-block;width:2px;white-space:pre"> </div>effective dates, with certain<div style="display:inline-block;width:2px;white-space:pre"> </div>provisions effective in fiscal </div><div id="a47802" style="position:absolute;font-family:'Arial';left:3px;top:389px;">year<div style="display:inline-block;width:5px;white-space:pre"> </div>2025<div style="display:inline-block;width:5px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>others<div style="display:inline-block;width:6px;white-space:pre"> </div>implemented<div style="display:inline-block;width:6px;white-space:pre"> </div>through<div style="display:inline-block;width:6px;white-space:pre"> </div>fiscal<div style="display:inline-block;width:5px;white-space:pre"> </div>year<div style="display:inline-block;width:6px;white-space:pre"> </div>2027.<div style="display:inline-block;width:6px;white-space:pre"> </div>The<div style="display:inline-block;width:5px;white-space:pre"> </div>Act<div style="display:inline-block;width:5px;white-space:pre"> </div>did<div style="display:inline-block;width:5px;white-space:pre"> </div>not<div style="display:inline-block;width:5px;white-space:pre"> </div>have<div style="display:inline-block;width:5px;white-space:pre"> </div>a<div style="display:inline-block;width:5px;white-space:pre"> </div>material<div style="display:inline-block;width:6px;white-space:pre"> </div>impact<div style="display:inline-block;width:6px;white-space:pre"> </div>on<div style="display:inline-block;width:5px;white-space:pre"> </div>the </div><div id="a47841" style="position:absolute;font-family:'Arial';left:3px;top:404px;">Company’s financial position and results of operations<div style="display:inline-block;width:5px;white-space:pre"> </div>as of and for the fiscal year ended December 31, 2025. </div><div id="a47877" style="position:absolute;font-family:'Arial';font-weight:bold;left:3px;top:436px;">Unrecognized Tax<div style="display:inline-block;width:5px;white-space:pre"> </div>Benefits </div><div id="a47879" style="position:absolute;font-family:'Arial';left:3px;top:463px;">The<div style="display:inline-block;width:8px;white-space:pre"> </div>Company<div style="display:inline-block;width:8px;white-space:pre"> </div>provides<div style="display:inline-block;width:8px;white-space:pre"> </div>for<div style="display:inline-block;width:8px;white-space:pre"> </div>uncertain<div style="display:inline-block;width:8px;white-space:pre"> </div>tax<div style="display:inline-block;width:8px;white-space:pre"> </div>positions,<div style="display:inline-block;width:8px;white-space:pre"> </div>and<div style="display:inline-block;width:8px;white-space:pre"> </div>the<div style="display:inline-block;width:8px;white-space:pre"> </div>related<div style="display:inline-block;width:8px;white-space:pre"> </div>interest<div style="display:inline-block;width:8px;white-space:pre"> </div>and<div style="display:inline-block;width:8px;white-space:pre"> </div>penalties,<div style="display:inline-block;width:8px;white-space:pre"> </div>based<div style="display:inline-block;width:8px;white-space:pre"> </div>upon </div></div></div><div id="TextBlockContainer2660" style="position:relative;line-height:normal;width:676px;height:133px;"><div id="TextContainer2660" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a47893" style="position:absolute;font-family:'Arial';left:5px;top:0px;">management’s assessment of whether a tax benefit is<div style="display:inline-block;width:5px;white-space:pre"> </div>more likely than not to be sustained upon examination by </div><div id="a47894" style="position:absolute;font-family:'Arial';left:5px;top:15px;">tax authorities. </div><div id="a47896" style="position:absolute;font-family:'Arial';left:5px;top:43px;">To the extent that the<div style="display:inline-block;width:2px;white-space:pre"> </div>anticipated tax outcome<div style="display:inline-block;width:2px;white-space:pre"> </div>of these uncertain<div style="display:inline-block;width:2px;white-space:pre"> </div>tax positions changes,<div style="display:inline-block;width:2px;white-space:pre"> </div>such changes in<div style="display:inline-block;width:2px;white-space:pre"> </div>estimate </div><div id="a47897" style="position:absolute;font-family:'Arial';left:5px;top:58px;">will impact the income tax<div style="display:inline-block;width:2px;white-space:pre"> </div>provision in the period in which<div style="display:inline-block;width:2px;white-space:pre"> </div>such determination is made. The Company<div style="display:inline-block;width:2px;white-space:pre"> </div>recognizes </div><div id="a47898" style="position:absolute;font-family:'Arial';left:5px;top:73px;">accrued interest and penalties related to uncertain tax<div style="display:inline-block;width:5px;white-space:pre"> </div>positions as a component of income tax expense. </div><div id="a47901" style="position:absolute;font-family:'Arial';left:5px;top:101px;">The effect<div style="display:inline-block;width:5px;white-space:pre"> </div>of the total<div style="display:inline-block;width:6px;white-space:pre"> </div>amount of unrecognized<div style="display:inline-block;width:6px;white-space:pre"> </div>tax benefits,<div style="display:inline-block;width:5px;white-space:pre"> </div>if recognized, would<div style="display:inline-block;width:6px;white-space:pre"> </div>reduce our future<div style="display:inline-block;width:5px;white-space:pre"> </div>effective tax </div><div id="a47902" style="position:absolute;font-family:'Arial';left:5px;top:116px;">rate.</div></div></div><div id="TextBlockContainer2666" style="position:relative;line-height:normal;width:668px;height:137px;"><div id="div_2663_XBRL_TS_16a9699bcd5b4f4fb8b6ab1244e7501c" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2664" style="position:relative;line-height:normal;width:668px;height:137px;"><div style="position:absolute; width:102.1px; height:1px; left:449.1px; top:16.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:551.2px; top:16.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:551.9px; top:16.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:557.1px; top:16.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:101.4px; height:1px; left:557.8px; top:16.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:442.2px; height:1px; left:1px; top:34.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:449.1px; top:34.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:461.1px; top:34.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:89.5px; height:1px; left:461.7px; top:34.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:557.1px; top:34.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:569.1px; top:34.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:89.4px; height:1px; left:569.8px; top:34.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:449.1px; top:117.4px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:461.1px; top:117.4px; background-color:#000000; "> </div> <div style="position:absolute; width:89.5px; height:1px; left:461.7px; top:117.4px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:557.1px; top:117.4px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:569.1px; top:117.4px; background-color:#000000; "> </div> <div style="position:absolute; width:89.4px; height:1px; left:569.8px; top:117.4px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:448.1px; top:135.6px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:460.1px; top:135.6px; background-color:#000000; "> </div> <div style="position:absolute; width:90.4px; height:1px; left:460.8px; top:135.6px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:556.2px; top:135.6px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:568.2px; top:135.6px; background-color:#000000; "> </div> <div style="position:absolute; width:90.4px; height:1px; left:568.8px; top:135.6px; background-color:#000000; "> </div> <div id="TextContainer2664" style="position:relative;width:668px;z-index:1;font-size:13.28px;"><div id="a47906" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:520px;top:0px;">December 31, </div><div id="a47908" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:22px;">(US$ Thousands) </div><div id="a47911" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:489px;top:22px;">2025 </div><div id="a47914" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:597px;top:22px;">2024 </div><div id="a47916" style="position:absolute;font-family:'Arial';left:13px;top:37px;">At beginning of the year </div><div id="a47919" style="position:absolute;font-family:'Arial';left:452px;top:37px;">$ </div><div id="a47921" style="position:absolute;font-family:'Arial';left:504px;top:37px;">18,897</div><div id="a47924" style="position:absolute;font-family:'Arial';left:560px;top:37px;">$ </div><div id="a47926" style="position:absolute;font-family:'Arial';left:612px;top:37px;">20,784</div><div id="a47928" style="position:absolute;font-family:'Arial';left:13px;top:54px;">Additions based on tax positions related to current year </div><div id="a47932" style="position:absolute;font-family:'Arial';left:531px;top:54px;">—</div><div id="a47936" style="position:absolute;font-family:'Arial';left:631px;top:54px;">122</div><div id="a47938" style="position:absolute;font-family:'Arial';left:13px;top:72px;">Additions for tax positions of prior years </div><div id="a47942" style="position:absolute;font-family:'Arial';left:523px;top:72px;">992</div><div id="a47946" style="position:absolute;font-family:'Arial';left:619px;top:72px;">2,342</div><div id="a47948" style="position:absolute;font-family:'Arial';left:13px;top:87px;">Reductions for tax positions of prior year (including impacts<div style="display:inline-block;width:5px;white-space:pre"> </div>due to lapse </div><div id="a47949" style="position:absolute;font-family:'Arial';left:13px;top:102px;">in statute)<div style="display:inline-block;width:4px;white-space:pre"> </div></div><div id="a47953" style="position:absolute;font-family:'Arial';left:518px;top:102px;display:flex;">(586)</div><div id="a47957" style="position:absolute;font-family:'Arial';left:615px;top:102px;display:flex;">(4,351)</div><div id="a47959" style="position:absolute;font-family:'Arial';left:13px;top:120px;">At end of the year </div><div id="a47963" style="position:absolute;font-family:'Arial';left:504px;top:120px;">19,303</div><div id="a47967" style="position:absolute;font-family:'Arial';left:612px;top:120px;">18,897</div></div></div></div></div><div id="TextBlockContainer2669" style="position:relative;line-height:normal;width:676px;height:171px;"><div id="TextContainer2669" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a47969" style="position:absolute;font-family:'Arial';left:5px;top:0px;">The<div style="display:inline-block;width:6px;white-space:pre"> </div>return<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>provision<div style="display:inline-block;width:6px;white-space:pre"> </div>adjustments<div style="display:inline-block;width:6px;white-space:pre"> </div>for<div style="display:inline-block;width:6px;white-space:pre"> </div>2023<div style="display:inline-block;width:6px;white-space:pre"> </div>reflect<div style="display:inline-block;width:6px;white-space:pre"> </div>a<div style="display:inline-block;width:6px;white-space:pre"> </div>reduction<div style="display:inline-block;width:6px;white-space:pre"> </div>due<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>results<div style="display:inline-block;width:6px;white-space:pre"> </div>from<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>study<div style="display:inline-block;width:6px;white-space:pre"> </div>conducted<div style="display:inline-block;width:6px;white-space:pre"> </div>by </div><div id="a47970" style="position:absolute;font-family:'Arial';left:5px;top:15px;">specialists and the<div style="display:inline-block;width:5px;white-space:pre"> </div>fact that the<div style="display:inline-block;width:5px;white-space:pre"> </div>benefit was limited<div style="display:inline-block;width:6px;white-space:pre"> </div>to taxable income.<div style="display:inline-block;width:5px;white-space:pre"> </div>For the year<div style="display:inline-block;width:6px;white-space:pre"> </div>ended December 31,<div style="display:inline-block;width:5px;white-space:pre"> </div>2025, </div><div id="a47971" style="position:absolute;font-family:'Arial';left:5px;top:31px;">the Company recorded interest of $</div><div id="a47971_34_3" style="position:absolute;font-family:'Arial';left:214px;top:31px;">1.5</div><div id="a47971_37_17" style="position:absolute;font-family:'Arial';left:232px;top:31px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million (2024: $</div><div id="a47971_54_3" style="position:absolute;font-family:'Arial';left:327px;top:31px;">0.5</div><div id="a47971_57_12" style="position:absolute;font-family:'Arial';left:345px;top:31px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million).<div style="display:inline-block;width:4px;white-space:pre"> </div></div><div id="a47975" style="position:absolute;font-family:'Arial';left:5px;top:62px;">The Company is subject to taxation in<div style="display:inline-block;width:2px;white-space:pre"> </div>the United States and Australia. As of December 31, 2025,<div style="display:inline-block;width:2px;white-space:pre"> </div>tax years 2021 </div><div id="a47978" style="position:absolute;font-family:'Arial';left:5px;top:77px;">to 2024 are open to review<div style="display:inline-block;width:2px;white-space:pre"> </div>from taxation authorities in the United States. In<div style="display:inline-block;width:2px;white-space:pre"> </div>Australia, tax years 2021 to 2024<div style="display:inline-block;width:2px;white-space:pre"> </div>are </div><div id="a47982" style="position:absolute;font-family:'Arial';left:5px;top:93px;">open to review. </div><div id="a47985" style="position:absolute;font-family:'Arial';left:5px;top:124px;">In 2025,<div style="display:inline-block;width:5px;white-space:pre"> </div>material jurisdictions<div style="display:inline-block;width:6px;white-space:pre"> </div>that are<div style="display:inline-block;width:5px;white-space:pre"> </div>equal or<div style="display:inline-block;width:5px;white-space:pre"> </div>greater than<div style="display:inline-block;width:6px;white-space:pre"> </div>5% of<div style="display:inline-block;width:5px;white-space:pre"> </div>the total<div style="display:inline-block;width:6px;white-space:pre"> </div>cash refund<div style="display:inline-block;width:5px;white-space:pre"> </div>for taxes<div style="display:inline-block;width:6px;white-space:pre"> </div>as disclosed </div><div id="a47986" style="position:absolute;font-family:'Arial';left:5px;top:139px;">including<div style="display:inline-block;width:5px;white-space:pre"> </div>state<div style="display:inline-block;width:5px;white-space:pre"> </div>taxes<div style="display:inline-block;width:5px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>West<div style="display:inline-block;width:6px;white-space:pre"> </div>Virginia<div style="display:inline-block;width:5px;white-space:pre"> </div>($</div><div id="a47986_41_3" style="position:absolute;font-family:'Arial';left:246px;top:139px;">1.5</div><div id="a47986_44_68" style="position:absolute;font-family:'Arial';left:264px;top:139px;"><div style="display:inline-block;width:5px;white-space:pre"> </div>million).<div style="display:inline-block;width:5px;white-space:pre"> </div>No<div style="display:inline-block;width:5px;white-space:pre"> </div>federal<div style="display:inline-block;width:5px;white-space:pre"> </div>or<div style="display:inline-block;width:5px;white-space:pre"> </div>foreign<div style="display:inline-block;width:5px;white-space:pre"> </div>taxes<div style="display:inline-block;width:5px;white-space:pre"> </div>were<div style="display:inline-block;width:5px;white-space:pre"> </div>paid<div style="display:inline-block;width:5px;white-space:pre"> </div>or<div style="display:inline-block;width:5px;white-space:pre"> </div>received<div style="display:inline-block;width:5px;white-space:pre"> </div>during </div><div id="a47991" style="position:absolute;font-family:'Arial';left:5px;top:155px;">2025.</div></div></div> <div id="TextBlockContainer2613" style="position:relative;line-height:normal;width:668px;height:90px;"><div style="position:absolute; width:82.1px; height:1px; left:401.1px; top:16.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:483.2px; top:16.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:483.8px; top:16.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:489.1px; top:16.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:81.5px; height:1px; left:489.7px; top:16.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:571.2px; top:16.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:571.9px; top:16.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:577.1px; top:16.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:81.4px; height:1px; left:577.8px; top:16.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:394.2px; height:1px; left:1px; top:34.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:401.1px; top:34.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:413.1px; top:34.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:413.7px; top:34.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:34.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:34.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:34.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:34.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:34.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:34.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:401.1px; top:69.4px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:413.1px; top:69.4px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:413.7px; top:69.4px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:69.4px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:69.4px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:69.4px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:69.4px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:69.4px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:69.4px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:400.1px; top:88.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:412.1px; top:88.2px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:415px; top:88.2px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:488.1px; top:88.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:500.1px; top:88.2px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:503px; top:88.2px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:576.2px; top:88.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:588.2px; top:88.2px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:591.1px; top:88.2px; background-color:#000000; "> </div> <div id="TextContainer2613" style="position:relative;width:668px;z-index:1;font-size:13.28px;"><div id="a46468" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:496px;top:0px;">December 31, </div><div id="a46470" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:22px;">(US$ thousands) </div><div id="a46473" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:430px;top:22px;">2025 </div><div id="a46476" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:519px;top:22px;">2024 </div><div id="a46479" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:607px;top:22px;">2023 </div><div id="a46481" style="position:absolute;font-family:'Arial';left:4px;top:37px;">U.S. </div><div id="a46484" style="position:absolute;font-family:'Arial';left:404px;top:37px;">$ </div><div id="a46486" style="position:absolute;font-family:'Arial';left:431px;top:37px;display:flex;">(31,293)</div><div id="a46489" style="position:absolute;font-family:'Arial';left:492px;top:37px;">$ </div><div id="a46491" style="position:absolute;font-family:'Arial';left:531px;top:37px;">7,843</div><div id="a46494" style="position:absolute;font-family:'Arial';left:580px;top:37px;">$ </div><div id="a46496" style="position:absolute;font-family:'Arial';left:605px;top:37px;">334,373</div><div id="a46498" style="position:absolute;font-family:'Arial';left:4px;top:54px;">Non-U.S. </div><div id="a46504" style="position:absolute;font-family:'Arial';left:424px;top:54px;display:flex;">(413,122)</div><div id="a46508" style="position:absolute;font-family:'Arial';left:512px;top:54px;display:flex;">(157,033)</div><div id="a46512" style="position:absolute;font-family:'Arial';left:600px;top:54px;display:flex;">(210,559)</div><div id="a46514" style="position:absolute;font-family:'Arial';left:4px;top:73px;">Total </div><div id="a46517" style="position:absolute;font-family:'Arial';left:404px;top:73px;">$ </div><div id="a46519" style="position:absolute;font-family:'Arial';left:424px;top:73px;display:flex;">(444,415)</div><div id="a46522" style="position:absolute;font-family:'Arial';left:492px;top:73px;">$ </div><div id="a46524" style="position:absolute;font-family:'Arial';left:512px;top:73px;display:flex;">(149,190)</div><div id="a46527" style="position:absolute;font-family:'Arial';left:580px;top:73px;">$ </div><div id="a46529" style="position:absolute;font-family:'Arial';left:605px;top:73px;">123,814</div></div></div> -31293000 7843000 334373000 -413122000 -157033000 -210559000 -444415000 -149190000 123814000 <div id="TextBlockContainer2624" style="position:relative;line-height:normal;width:668px;height:229px;"><div id="div_2621_XBRL_TS_4b3f05b7a33b43b2a92d0e4d634707ca" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2622" style="position:relative;line-height:normal;width:668px;height:229px;"><div style="position:absolute; width:82.1px; height:1px; left:401.1px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:483.2px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:483.8px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:489.1px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:81.5px; height:1px; left:489.7px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:571.2px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:571.9px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:577.1px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:81.4px; height:1px; left:577.8px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:394.2px; height:1px; left:1px; top:33.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:401.1px; top:33.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:413.1px; top:33.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:413.7px; top:33.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:33.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:33.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:33.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:33.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:33.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:33.9px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:401.1px; top:104px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:413.1px; top:104px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:413.7px; top:104px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:104px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:104px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:104px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:104px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:104px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:104px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:401.1px; top:191px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:413.1px; top:191px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:413.7px; top:191px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:191px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:191px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:191px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:191px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:191px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:191px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:401.1px; top:209px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:413.1px; top:209px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:413.7px; top:209px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:209px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:209px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:209px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:209px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:209px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:209px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:400.1px; top:227.8px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:412.1px; top:227.8px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:415px; top:227.8px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:488.1px; top:227.8px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:500.1px; top:227.8px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:503px; top:227.8px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:576.2px; top:227.8px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:588.2px; top:227.8px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:591.1px; top:227.8px; background-color:#000000; "> </div> <div id="TextContainer2622" style="position:relative;width:668px;z-index:1;font-size:13.28px;"><div id="a46560" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:496px;top:0px;">December 31, </div><div id="a46562" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:22px;">(US$ thousands) </div><div id="a46565" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:430px;top:22px;">2025 </div><div id="a46568" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:519px;top:22px;">2024 </div><div id="a46571" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:607px;top:22px;">2023 </div><div id="a46573" style="position:absolute;font-family:'Arial';left:4px;top:37px;">Current: </div><div id="a46584" style="position:absolute;font-family:'Arial';left:4px;top:54px;">U.S. federal </div><div id="a46587" style="position:absolute;font-family:'Arial';left:404px;top:54px;">$ </div><div id="a46589" style="position:absolute;font-family:'Arial';left:443px;top:54px;">1,635</div><div id="a46592" style="position:absolute;font-family:'Arial';left:492px;top:54px;">$ </div><div id="a46594" style="position:absolute;font-family:'Arial';left:538px;top:54px;display:flex;">(867)</div><div id="a46597" style="position:absolute;font-family:'Arial';left:580px;top:54px;">$ </div><div id="a46599" style="position:absolute;font-family:'Arial';left:615px;top:54px;display:flex;">(6,303)</div><div id="a46601" style="position:absolute;font-family:'Arial';left:4px;top:72px;">Non-U.S. </div><div id="a46607" style="position:absolute;font-family:'Arial';left:450px;top:72px;display:flex;">(166)</div><div id="a46611" style="position:absolute;font-family:'Arial';left:543px;top:72px;">720</div><div id="a46615" style="position:absolute;font-family:'Arial';left:615px;top:72px;display:flex;">(2,715)</div><div id="a46617" style="position:absolute;font-family:'Arial';left:4px;top:89px;">State </div><div id="a46621" style="position:absolute;font-family:'Arial';left:454px;top:89px;">448</div><div id="a46625" style="position:absolute;font-family:'Arial';left:538px;top:89px;display:flex;">(636)</div><div id="a46629" style="position:absolute;font-family:'Arial';left:615px;top:89px;display:flex;">(1,895)</div><div id="a46631" style="position:absolute;font-family:'Arial';left:4px;top:107px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>current </div><div id="a46635" style="position:absolute;font-family:'Arial';left:443px;top:107px;">1,917</div><div id="a46639" style="position:absolute;font-family:'Arial';left:538px;top:107px;display:flex;">(783)</div><div id="a46643" style="position:absolute;font-family:'Arial';left:607px;top:107px;display:flex;">(10,913)</div><div id="a46645" style="position:absolute;font-family:'Arial';left:4px;top:124px;">Deferred: </div><div id="a46656" style="position:absolute;font-family:'Arial';left:4px;top:141px;">U.S. federal </div><div id="a46660" style="position:absolute;font-family:'Arial';left:431px;top:141px;display:flex;">(12,156)</div><div id="a46664" style="position:absolute;font-family:'Arial';left:519px;top:141px;display:flex;">(61,977)</div><div id="a46668" style="position:absolute;font-family:'Arial';left:612px;top:141px;">28,943</div><div id="a46670" style="position:absolute;font-family:'Arial';left:4px;top:158px;">Non-U.S. </div><div id="a46676" style="position:absolute;font-family:'Arial';left:450px;top:158px;display:flex;">(551)</div><div id="a46680" style="position:absolute;font-family:'Arial';left:524px;top:158px;">23,706</div><div id="a46684" style="position:absolute;font-family:'Arial';left:607px;top:158px;display:flex;">(45,976)</div><div id="a46686" style="position:absolute;font-family:'Arial';left:4px;top:176px;">State </div><div id="a46690" style="position:absolute;font-family:'Arial';left:438px;top:176px;display:flex;">(1,569)</div><div id="a46694" style="position:absolute;font-family:'Arial';left:527px;top:176px;display:flex;">(1,255)</div><div id="a46698" style="position:absolute;font-family:'Arial';left:615px;top:176px;display:flex;">(4,305)</div><div id="a46700" style="position:absolute;font-family:'Arial';left:4px;top:194px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>deferred </div><div id="a46704" style="position:absolute;font-family:'Arial';left:431px;top:194px;display:flex;">(14,276)</div><div id="a46708" style="position:absolute;font-family:'Arial';left:519px;top:194px;display:flex;">(39,526)</div><div id="a46712" style="position:absolute;font-family:'Arial';left:607px;top:194px;display:flex;">(21,338)</div><div id="a46714" style="position:absolute;font-family:'Arial';left:4px;top:213px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>income tax benefit </div><div id="a46717" style="position:absolute;font-family:'Arial';left:404px;top:213px;">$ </div><div id="a46719" style="position:absolute;font-family:'Arial';left:431px;top:213px;display:flex;">(12,359)</div><div id="a46722" style="position:absolute;font-family:'Arial';left:492px;top:213px;">$ </div><div id="a46724" style="position:absolute;font-family:'Arial';left:519px;top:213px;display:flex;">(40,309)</div><div id="a46727" style="position:absolute;font-family:'Arial';left:580px;top:213px;">$ </div><div id="a46729" style="position:absolute;font-family:'Arial';left:607px;top:213px;display:flex;">(32,251)</div></div></div></div></div> 1635000 -867000 -6303000 -166000 720000 -2715000 448000 -636000 -1895000 1917000 -783000 -10913000 -12156000 -61977000 28943000 -551000 23706000 -45976000 -1569000 -1255000 -4305000 -14276000 -39526000 -21338000 -12359000 -40309000 -32251000 0.21 <div id="TextBlockContainer2633" style="position:relative;line-height:normal;width:664px;height:374px;"><div id="div_2630_XBRL_TS_b5d7a5b3a43548eeaedf5dc81e71b35d" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2631" style="position:relative;line-height:normal;width:664px;height:374px;"><div style="position:absolute; width:12px; height:1px; left:500.1px; top:15.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:512.1px; top:15.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:139.4px; height:1px; left:512.7px; top:15.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:490.2px; height:1px; left:4px; top:33.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:500.1px; top:33.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:512.1px; top:33.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:68.4px; height:1px; left:512.7px; top:33.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:581.1px; top:33.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:13.4px; height:1px; left:581.7px; top:33.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:595.2px; top:33.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:56.3px; height:1px; left:595.8px; top:33.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:500.1px; top:332.2px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:512.1px; top:332.2px; background-color:#000000; "> </div> <div style="position:absolute; width:68.4px; height:1px; left:512.7px; top:332.2px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:500.1px; top:350.8px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:500.1px; top:352.7px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:512.1px; top:350.8px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:512.1px; top:352.7px; background-color:#000000; "> </div> <div style="position:absolute; width:66.1px; height:1px; left:515px; top:350.8px; background-color:#000000; "> </div> <div style="position:absolute; width:66.1px; height:1px; left:515px; top:352.7px; background-color:#000000; "> </div> <div id="TextContainer2631" style="position:relative;width:664px;z-index:1;font-size:13.28px;"><div id="a46763" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:541px;top:0px;">December 31, </div><div id="a46765" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:7px;top:21px;">(US$ thousands) </div><div id="a46769" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:570px;top:21px;">2025 </div><div id="a46777" style="position:absolute;font-family:'Arial';left:7px;top:56px;">U.S. federal statutory tax rate </div><div id="a46780" style="position:absolute;font-family:'Arial';left:503px;top:56px;">$ </div><div id="a46782" style="position:absolute;font-family:'Arial';left:529px;top:56px;display:flex;">(93,327)</div><div id="a46785" style="position:absolute;font-family:'Arial';left:612px;top:54px;display:flex;">21.0%</div><div id="a46787" style="position:absolute;font-family:'Arial';left:7px;top:77px;">State and local income tax, net of federal (national) income<div style="display:inline-block;width:5px;white-space:pre"> </div>tax effect </div><div id="a46788" style="position:absolute;font-family:'Arial';font-size:8.64px;left:416px;top:77px;">(1)</div><div id="a46792" style="position:absolute;font-family:'Arial';left:547px;top:77px;display:flex;">(864)</div><div id="a46795" style="position:absolute;font-family:'Arial';left:619px;top:74px;display:flex;">0.2%</div><div id="a46803" style="position:absolute;font-family:'Arial';left:7px;top:112px;">Foreign tax effects </div><div id="a46810" style="position:absolute;font-family:'Arial';font-style:italic;left:7px;top:129px;">Australia </div><div id="a46817" style="position:absolute;font-family:'Arial';left:7px;top:146px;">Statutory tax rate difference between Australia and<div style="display:inline-block;width:5px;white-space:pre"> </div>United States </div><div id="a46821" style="position:absolute;font-family:'Arial';left:529px;top:146px;display:flex;">(37,070)</div><div id="a46824" style="position:absolute;font-family:'Arial';left:619px;top:145px;display:flex;">8.4%</div><div id="a46826" style="position:absolute;font-family:'Arial';left:7px;top:164px;">Valuation allowance </div><div id="a46830" style="position:absolute;font-family:'Arial';left:526px;top:164px;">109,438</div><div id="a46833" style="position:absolute;font-family:'Arial';left:603px;top:163px;">(</div><div id="a46833_1_4" style="position:absolute;font-family:'Arial';left:607px;top:163px;">24.6</div><div id="a46833_5_3" style="position:absolute;font-family:'Arial';left:633px;top:163px;">%) </div><div id="a46835" style="position:absolute;font-family:'Arial';left:7px;top:181px;">Foreign exchange permanent differences </div><div id="a46839" style="position:absolute;font-family:'Arial';left:534px;top:181px;">14,992</div><div id="a46842" style="position:absolute;font-family:'Arial';left:610px;top:180px;">(</div><div id="a46842_1_3" style="position:absolute;font-family:'Arial';left:615px;top:180px;">3.4</div><div id="a46842_4_3" style="position:absolute;font-family:'Arial';left:633px;top:180px;">%) </div><div id="a46844" style="position:absolute;font-family:'Arial';left:7px;top:198px;">Other </div><div id="a46848" style="position:absolute;font-family:'Arial';left:536px;top:198px;display:flex;">(1,580)</div><div id="a46851" style="position:absolute;font-family:'Arial';left:619px;top:197px;display:flex;">0.4%</div><div id="a46859" style="position:absolute;font-family:'Arial';font-style:italic;left:7px;top:232px;">Effects of cross-border tax laws </div><div id="a46868" style="position:absolute;font-family:'Arial';left:7px;top:249px;">U.S. impact of branch income at </div><div id="a46868_32_3" style="position:absolute;font-family:'Arial';left:200px;top:249px;">3.4</div><div id="a46868_35_2" style="position:absolute;font-family:'Arial';left:219px;top:249px;">% </div><div id="a46872" style="position:absolute;font-family:'Arial';left:529px;top:249px;display:flex;">(85,469)</div><div id="a46875" style="position:absolute;font-family:'Arial';left:612px;top:248px;display:flex;">19.2%</div><div id="a46877" style="position:absolute;font-family:'Arial';left:7px;top:266px;">Changes in valuation allowance </div><div id="a46881" style="position:absolute;font-family:'Arial';left:534px;top:266px;">81,640</div><div id="a46884" style="position:absolute;font-family:'Arial';left:603px;top:265px;">(</div><div id="a46884_1_4" style="position:absolute;font-family:'Arial';left:607px;top:265px;">18.4</div><div id="a46884_5_3" style="position:absolute;font-family:'Arial';left:633px;top:265px;">%) </div><div id="a46886" style="position:absolute;font-family:'Arial';left:7px;top:283px;">Non-taxable or non-deductible items </div><div id="a46894" style="position:absolute;font-family:'Arial';left:536px;top:283px;display:flex;">(1,765)</div><div id="a46897" style="position:absolute;font-family:'Arial';left:619px;top:282px;display:flex;">0.3%</div><div id="a46899" style="position:absolute;font-family:'Arial';left:7px;top:300px;">Changes in unrecognized tax benefits </div><div id="a46903" style="position:absolute;font-family:'Arial';left:541px;top:300px;">1,906</div><div id="a46906" style="position:absolute;font-family:'Arial';left:610px;top:299px;">(</div><div id="a46906_1_3" style="position:absolute;font-family:'Arial';left:615px;top:299px;">0.4</div><div id="a46906_4_3" style="position:absolute;font-family:'Arial';left:633px;top:299px;">%) </div><div id="a46908" style="position:absolute;font-family:'Arial';left:7px;top:317px;">Other adjustments </div><div id="a46912" style="position:absolute;font-family:'Arial';left:547px;top:317px;display:flex;">(260)</div><div id="a46915" style="position:absolute;font-family:'Arial';left:619px;top:316px;display:flex;">0.1%</div><div id="a46917" style="position:absolute;font-family:'Arial';left:7px;top:336px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>income tax benefit </div><div id="a46920" style="position:absolute;font-family:'Arial';left:503px;top:336px;">$ </div><div id="a46922" style="position:absolute;font-family:'Arial';left:529px;top:336px;display:flex;">(12,359)</div><div id="a46925" style="position:absolute;font-family:'Arial';left:619px;top:336px;display:flex;">2.8%</div><div id="a46927" style="position:absolute;font-family:'Arial';left:7px;top:357px;">Effective tax rate </div><div id="a46931" style="position:absolute;font-family:'Arial';left:548px;top:357px;display:flex;">2.8%</div></div></div></div></div><div id="TextBlockContainer2640" style="position:relative;line-height:normal;width:680px;height:260px;"><div style="position:absolute; width:5.9px; height:1px; left:495.2px; top:15.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:15.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:81.5px; height:1px; left:501.7px; top:15.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:583.2px; top:15.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:583.9px; top:15.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:15.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:81.4px; height:1px; left:589.8px; top:15.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:494.2px; height:1px; left:1px; top:33.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:501.1px; top:33.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:513.1px; top:33.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:513.7px; top:33.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:589.1px; top:33.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:601.1px; top:33.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:601.8px; top:33.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:501.1px; top:218.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:513.1px; top:218.8px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:513.7px; top:218.8px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:589.1px; top:218.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:601.1px; top:218.8px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:601.8px; top:218.8px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:501.1px; top:237.6px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:501.1px; top:239.5px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:513.1px; top:237.6px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:513.1px; top:239.5px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:516px; top:237.6px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:516px; top:239.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:589.1px; top:237.6px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:589.1px; top:239.5px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:601.1px; top:237.6px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:601.1px; top:239.5px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:604px; top:237.6px; background-color:#000000; "> </div> <div style="position:absolute; width:67.2px; height:1px; left:604px; top:239.5px; background-color:#000000; "> </div> <div id="TextContainer2640" style="position:relative;width:680px;z-index:1;font-size:13.28px;"><div id="a46950" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:549px;top:0px;">December 31, </div><div id="a46952" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:21px;">(US$ thousands) </div><div id="a46955" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:531px;top:21px;">2024 </div><div id="a46958" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:619px;top:21px;">2023 </div><div id="a46960" style="position:absolute;font-family:'Arial';left:4px;top:36px;">Current: </div><div id="a46968" style="position:absolute;font-family:'Arial';left:4px;top:68px;">Expected income tax expense at U.S. federal statutory rate </div><div id="a46971" style="position:absolute;font-family:'Arial';left:504px;top:68px;">$ </div><div id="a46973" style="position:absolute;font-family:'Arial';left:531px;top:68px;display:flex;">(31,330)</div><div id="a46976" style="position:absolute;font-family:'Arial';left:592px;top:68px;">$ </div><div id="a46978" style="position:absolute;font-family:'Arial';left:624px;top:68px;">26,001</div><div id="a46980" style="position:absolute;font-family:'Arial';left:4px;top:85px;">Percentage depletion </div><div id="a46984" style="position:absolute;font-family:'Arial';left:539px;top:85px;display:flex;">(3,407)</div><div id="a46988" style="position:absolute;font-family:'Arial';left:619px;top:85px;display:flex;">(17,871)</div><div id="a46990" style="position:absolute;font-family:'Arial';left:4px;top:102px;">FDII deduction </div><div id="a46994" style="position:absolute;font-family:'Arial';left:563px;top:102px;">—</div><div id="a46998" style="position:absolute;font-family:'Arial';left:627px;top:102px;display:flex;">(7,796)</div><div id="a47000" style="position:absolute;font-family:'Arial';left:4px;top:119px;">Permanent differences </div><div id="a47004" style="position:absolute;font-family:'Arial';left:539px;top:119px;display:flex;">(1,130)</div><div id="a47008" style="position:absolute;font-family:'Arial';left:631px;top:119px;">2,176</div><div id="a47010" style="position:absolute;font-family:'Arial';left:4px;top:136px;">Prior period tax return adjustments and amendments </div><div id="a47014" style="position:absolute;font-family:'Arial';left:539px;top:136px;display:flex;">(1,347)</div><div id="a47018" style="position:absolute;font-family:'Arial';left:619px;top:136px;display:flex;">(46,060)</div><div id="a47020" style="position:absolute;font-family:'Arial';left:4px;top:153px;">Uncertain tax positions </div><div id="a47024" style="position:absolute;font-family:'Arial';left:539px;top:153px;display:flex;">(1,007)</div><div id="a47028" style="position:absolute;font-family:'Arial';left:624px;top:153px;">21,243</div><div id="a47030" style="position:absolute;font-family:'Arial';left:4px;top:170px;">U.S. and residual tax on foreign earnings </div><div id="a47034" style="position:absolute;font-family:'Arial';left:531px;top:170px;display:flex;">(32,007)</div><div id="a47038" style="position:absolute;font-family:'Arial';left:619px;top:170px;display:flex;">(11,146)</div><div id="a47040" style="position:absolute;font-family:'Arial';left:4px;top:187px;">Australian branch impact on US taxes </div><div id="a47044" style="position:absolute;font-family:'Arial';left:536px;top:187px;">29,924</div><div id="a47048" style="position:absolute;font-family:'Arial';left:627px;top:187px;display:flex;">(3,406)</div><div id="a47050" style="position:absolute;font-family:'Arial';left:4px;top:204px;">State income taxes, net of federal benefit </div><div id="a47054" style="position:absolute;font-family:'Arial';left:564px;top:204px;display:flex;">(5)</div><div id="a47058" style="position:absolute;font-family:'Arial';left:631px;top:204px;">4,608</div><div id="a47060" style="position:absolute;font-family:'Arial';left:4px;top:222px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>income tax benefit </div><div id="a47063" style="position:absolute;font-family:'Arial';left:504px;top:222px;">$ </div><div id="a47065" style="position:absolute;font-family:'Arial';left:531px;top:222px;display:flex;">(40,309)</div><div id="a47068" style="position:absolute;font-family:'Arial';left:592px;top:222px;">$ </div><div id="a47070" style="position:absolute;font-family:'Arial';left:619px;top:222px;display:flex;">(32,251)</div><div id="a47072" style="position:absolute;font-family:'Arial';left:4px;top:243px;">Effective tax rate </div><div id="a47076" style="position:absolute;font-family:'Arial';left:554px;top:243px;display:flex;">27%</div><div id="a47080" style="position:absolute;font-family:'Arial';left:622px;top:243px;">(</div><div id="a47080_1_4" style="position:absolute;font-family:'Arial';left:627px;top:243px;">26.0</div><div id="a47080_5_2" style="position:absolute;font-family:'Arial';left:652px;top:243px;">%)</div></div></div> -93327000 0.210 -864000 0.002 -37070000 0.084 109438000 0.246 14992000 0.034 -1580000 0.004 0.034 -85469000 0.192 81640000 0.184 -1765000 0.003 1906000 0.004 -260000 0.001 -12359000 0.028 0.028 0.21 -31330000 26001000 -3407000 -17871000 0 7796000 -1130000 2176000 -1347000 -46060000 -1007000 21243000 -32007000 -11146000 29924000 -3406000 -5000 4608000 -40309000 -32251000 0.27 -0.260 <div id="TextBlockContainer2649" style="position:relative;line-height:normal;width:668px;height:440px;"><div style="position:absolute; width:82.1px; height:1px; left:489.1px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:571.2px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:571.9px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:577.1px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:81.4px; height:1px; left:577.8px; top:16px; background-color:#407EC9; "> </div> <div style="position:absolute; width:482.2px; height:1px; left:1px; top:30.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:30.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:30.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:30.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:30.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:30.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:30.7px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:188.6px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:188.6px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:188.6px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:188.6px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:188.6px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:188.6px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:227.4px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:227.4px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:227.4px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:227.4px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:227.4px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:227.4px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:245.3px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:245.3px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:245.3px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:245.3px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:245.3px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:245.3px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:384px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:384px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:384px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:384px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:384px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:384px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:402px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:402px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:402px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:402px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:402px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:402px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:489.1px; top:420px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:501.1px; top:420px; background-color:#000000; "> </div> <div style="position:absolute; width:69.5px; height:1px; left:501.7px; top:420px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:577.1px; top:420px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:589.1px; top:420px; background-color:#000000; "> </div> <div style="position:absolute; width:69.4px; height:1px; left:589.8px; top:420px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:488.1px; top:438.8px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:500.1px; top:438.8px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:503px; top:438.8px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:576.2px; top:438.8px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:588.2px; top:438.8px; background-color:#000000; "> </div> <div style="position:absolute; width:68.2px; height:1px; left:591.1px; top:438.8px; background-color:#000000; "> </div> <div id="TextContainer2649" style="position:relative;width:668px;z-index:1;font-size:13.28px;"><div id="a47114" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:540px;top:0px;">December 31, </div><div id="a47116" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:19px;">(US$ thousands) </div><div id="a47119" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:519px;top:19px;">2025 </div><div id="a47122" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:607px;top:19px;">2024 </div><div id="a47124" style="position:absolute;font-family:'Arial';left:4px;top:34px;">Deferred income tax assets: </div><div id="a47132" style="position:absolute;font-family:'Arial';left:13px;top:51px;">Accruals and provisions </div><div id="a47135" style="position:absolute;font-family:'Arial';left:492px;top:51px;">$ </div><div id="a47137" style="position:absolute;font-family:'Arial';left:524px;top:51px;">54,488</div><div id="a47140" style="position:absolute;font-family:'Arial';left:580px;top:51px;">$ </div><div id="a47142" style="position:absolute;font-family:'Arial';left:612px;top:51px;">40,594</div><div id="a47144" style="position:absolute;font-family:'Arial';left:13px;top:68px;">Contract obligations </div><div id="a47148" style="position:absolute;font-family:'Arial';left:524px;top:68px;">91,754</div><div id="a47152" style="position:absolute;font-family:'Arial';left:612px;top:68px;">90,849</div><div id="a47154" style="position:absolute;font-family:'Arial';left:13px;top:86px;">Lease obligations </div><div id="a47158" style="position:absolute;font-family:'Arial';left:524px;top:86px;">47,327</div><div id="a47162" style="position:absolute;font-family:'Arial';left:612px;top:86px;">43,633</div><div id="a47164" style="position:absolute;font-family:'Arial';left:13px;top:103px;">Asset retirement obligation </div><div id="a47168" style="position:absolute;font-family:'Arial';left:524px;top:103px;">56,845</div><div id="a47172" style="position:absolute;font-family:'Arial';left:612px;top:103px;">59,981</div><div id="a47174" style="position:absolute;font-family:'Arial';left:13px;top:120px;">Goodwill </div><div id="a47178" style="position:absolute;font-family:'Arial';left:531px;top:120px;">6,510</div><div id="a47182" style="position:absolute;font-family:'Arial';left:619px;top:120px;">6,047</div><div id="a47184" style="position:absolute;font-family:'Arial';left:13px;top:138px;">Tax<div style="display:inline-block;width:5px;white-space:pre"> </div>losses </div><div id="a47188" style="position:absolute;font-family:'Arial';left:517px;top:138px;">331,732</div><div id="a47192" style="position:absolute;font-family:'Arial';left:605px;top:138px;">115,695</div><div id="a47194" style="position:absolute;font-family:'Arial';left:13px;top:156px;">Interest limitation carried forward </div><div id="a47198" style="position:absolute;font-family:'Arial';left:524px;top:156px;">74,788</div><div id="a47202" style="position:absolute;font-family:'Arial';left:612px;top:156px;">26,943</div><div id="a47204" style="position:absolute;font-family:'Arial';left:13px;top:174px;">Other </div><div id="a47208" style="position:absolute;font-family:'Arial';left:524px;top:174px;">12,158</div><div id="a47212" style="position:absolute;font-family:'Arial';left:612px;top:174px;">31,228</div><div id="a47214" style="position:absolute;font-family:'Arial';left:13px;top:192px;">Gross deferred income tax assets </div><div id="a47218" style="position:absolute;font-family:'Arial';left:517px;top:192px;">675,602</div><div id="a47222" style="position:absolute;font-family:'Arial';left:605px;top:192px;">414,970</div><div id="a47224" style="position:absolute;font-family:'Arial';left:13px;top:212px;">Valuation allowance </div><div id="a47225" style="position:absolute;font-family:'Arial';font-size:8.64px;left:135px;top:213px;">(1)</div><div id="a47229" style="position:absolute;font-family:'Arial';left:512px;top:212px;display:flex;">(316,489)</div><div id="a47233" style="position:absolute;font-family:'Arial';left:600px;top:212px;display:flex;">(114,088)</div><div id="a47235" style="position:absolute;font-family:'Arial';left:13px;top:230px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>deferred income tax assets, net of valuation allowance </div><div id="a47239" style="position:absolute;font-family:'Arial';left:517px;top:230px;">359,113</div><div id="a47243" style="position:absolute;font-family:'Arial';left:605px;top:230px;">300,882</div><div id="a47245" style="position:absolute;font-family:'Arial';left:4px;top:265px;">Deferred income tax liabilities: </div><div id="a47253" style="position:absolute;font-family:'Arial';left:13px;top:284px;">Property, plant, equipment<div style="display:inline-block;width:5px;white-space:pre"> </div>and mine development, principally due to </div><div id="a47254" style="position:absolute;font-family:'Arial';left:13px;top:300px;">differences in depreciation, depletion and asset<div style="display:inline-block;width:5px;white-space:pre"> </div>impairments </div><div id="a47258" style="position:absolute;font-family:'Arial';left:512px;top:300px;display:flex;">(313,866)</div><div id="a47262" style="position:absolute;font-family:'Arial';left:600px;top:300px;display:flex;">(277,424)</div><div id="a47264" style="position:absolute;font-family:'Arial';left:13px;top:317px;">Warehouse stock </div><div id="a47268" style="position:absolute;font-family:'Arial';left:519px;top:317px;display:flex;">(18,053)</div><div id="a47272" style="position:absolute;font-family:'Arial';left:607px;top:317px;display:flex;">(12,209)</div><div id="a47274" style="position:absolute;font-family:'Arial';left:13px;top:334px;">Right of use asset </div><div id="a47278" style="position:absolute;font-family:'Arial';left:519px;top:334px;display:flex;">(44,085)</div><div id="a47282" style="position:absolute;font-family:'Arial';left:607px;top:334px;display:flex;">(41,947)</div><div id="a47284" style="position:absolute;font-family:'Arial';left:13px;top:352px;">U.S. liability on foreign deferred taxes </div><div id="a47288" style="position:absolute;font-family:'Arial';left:551px;top:352px;">—</div><div id="a47292" style="position:absolute;font-family:'Arial';left:639px;top:352px;">—</div><div id="a47294" style="position:absolute;font-family:'Arial';left:13px;top:369px;">Other </div><div id="a47298" style="position:absolute;font-family:'Arial';left:527px;top:369px;display:flex;">(6,358)</div><div id="a47302" style="position:absolute;font-family:'Arial';left:615px;top:369px;display:flex;">(6,039)</div><div id="a47304" style="position:absolute;font-family:'Arial';left:13px;top:387px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>deferred income tax liabilities </div><div id="a47308" style="position:absolute;font-family:'Arial';left:512px;top:387px;display:flex;">(382,362)</div><div id="a47312" style="position:absolute;font-family:'Arial';left:600px;top:387px;display:flex;">(337,619)</div><div id="a47321" style="position:absolute;font-family:'Arial';left:4px;top:424px;">Net deferred income tax liability </div><div id="a47324" style="position:absolute;font-family:'Arial';left:492px;top:424px;">$ </div><div id="a47326" style="position:absolute;font-family:'Arial';left:519px;top:424px;display:flex;">(23,249)</div><div id="a47329" style="position:absolute;font-family:'Arial';left:580px;top:424px;">$ </div><div id="a47331" style="position:absolute;font-family:'Arial';left:607px;top:424px;display:flex;">(36,737)</div></div></div><div id="TextBlockContainer2655" style="position:relative;line-height:normal;width:671px;height:139px;"><div id="TextContainer2655" style="position:relative;width:671px;z-index:1;font-size:13.28px;"><div id="a47334" style="position:absolute;font-family:'Arial';font-size:8.64px;left:3px;top:0px;">(1)</div><div id="a47335" style="position:absolute;font-family:'Arial';left:14px;top:0px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>As of<div style="display:inline-block;width:2px;white-space:pre"> </div>December 31,<div style="display:inline-block;width:2px;white-space:pre"> </div>2025, the<div style="display:inline-block;width:2px;white-space:pre"> </div>Company recorded a<div style="display:inline-block;width:2px;white-space:pre"> </div>valuation allowance<div style="display:inline-block;width:2px;white-space:pre"> </div>of $</div><div id="a47335_73_5" style="position:absolute;font-family:'Arial';left:458px;top:0px;">316.5</div><div id="a47335_78_17" style="position:absolute;font-family:'Arial';left:491px;top:0px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>million (2024:<div style="display:inline-block;width:2px;white-space:pre"> </div>$</div><div id="a47335_95_5" style="position:absolute;font-family:'Arial';left:583px;top:0px;">114.1</div><div id="a47335_100_10" style="position:absolute;font-family:'Arial';left:616px;top:0px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>million) </div><div id="a47349" style="position:absolute;font-family:'Arial';left:3px;top:15px;">against deferred tax<div style="display:inline-block;width:2px;white-space:pre"> </div>assets consisting predominantly of<div style="display:inline-block;width:2px;white-space:pre"> </div>tax losses, land<div style="display:inline-block;width:2px;white-space:pre"> </div>and goodwill. A<div style="display:inline-block;width:2px;white-space:pre"> </div>valuation allowance must </div><div id="a47350" style="position:absolute;font-family:'Arial';left:3px;top:30px;">be established for deferred<div style="display:inline-block;width:5px;white-space:pre"> </div>tax assets if it is “more<div style="display:inline-block;width:2px;white-space:pre"> </div>-likely-than-not” that they will<div style="display:inline-block;width:5px;white-space:pre"> </div>not be realized. The<div style="display:inline-block;width:5px;white-space:pre"> </div>increase in </div><div id="a47358" style="position:absolute;font-family:'Arial';left:3px;top:46px;">the valuation<div style="display:inline-block;width:5px;white-space:pre"> </div>allowance of<div style="display:inline-block;width:6px;white-space:pre"> </div>$</div><div id="a47358_28_5" style="position:absolute;font-family:'Arial';left:171px;top:46px;">202.4</div><div id="a47358_33_78" style="position:absolute;font-family:'Arial';left:204px;top:46px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million for<div style="display:inline-block;width:5px;white-space:pre"> </div>the year<div style="display:inline-block;width:5px;white-space:pre"> </div>was predominantly<div style="display:inline-block;width:5px;white-space:pre"> </div>driven by<div style="display:inline-block;width:5px;white-space:pre"> </div>tax losses<div style="display:inline-block;width:5px;white-space:pre"> </div>incurred in<div style="display:inline-block;width:5px;white-space:pre"> </div>2025 </div><div id="a47361" style="position:absolute;font-family:'Arial';left:3px;top:61px;">which have<div style="display:inline-block;width:6px;white-space:pre"> </div>not been<div style="display:inline-block;width:6px;white-space:pre"> </div>recognized.<div style="display:inline-block;width:5px;white-space:pre"> </div>Under Australian<div style="display:inline-block;width:6px;white-space:pre"> </div>tax law,<div style="display:inline-block;width:6px;white-space:pre"> </div>tax losses<div style="display:inline-block;width:6px;white-space:pre"> </div>may be<div style="display:inline-block;width:6px;white-space:pre"> </div>carried forward<div style="display:inline-block;width:6px;white-space:pre"> </div>indefinitely and </div><div id="a47363" style="position:absolute;font-family:'Arial';left:3px;top:76px;">utilized<div style="display:inline-block;width:6px;white-space:pre"> </div>subject<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>meeting<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>tax<div style="display:inline-block;width:6px;white-space:pre"> </div>loss<div style="display:inline-block;width:6px;white-space:pre"> </div>recoupment<div style="display:inline-block;width:6px;white-space:pre"> </div>rules,<div style="display:inline-block;width:6px;white-space:pre"> </div>which<div style="display:inline-block;width:6px;white-space:pre"> </div>broadly<div style="display:inline-block;width:6px;white-space:pre"> </div>look<div style="display:inline-block;width:6px;white-space:pre"> </div>at<div style="display:inline-block;width:6px;white-space:pre"> </div>whether<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company<div style="display:inline-block;width:6px;white-space:pre"> </div>has </div><div id="a47364" style="position:absolute;font-family:'Arial';left:3px;top:92px;">maintained the<div style="display:inline-block;width:6px;white-space:pre"> </div>same majority<div style="display:inline-block;width:6px;white-space:pre"> </div>ownership and<div style="display:inline-block;width:6px;white-space:pre"> </div>control, and<div style="display:inline-block;width:5px;white-space:pre"> </div>failing that,<div style="display:inline-block;width:6px;white-space:pre"> </div>whether the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company has<div style="display:inline-block;width:6px;white-space:pre"> </div>maintained a </div><div id="a47365" style="position:absolute;font-family:'Arial';left:3px;top:107px;">similar business.<div style="display:inline-block;width:7px;white-space:pre"> </div>In the<div style="display:inline-block;width:6px;white-space:pre"> </div>United<div style="display:inline-block;width:5px;white-space:pre"> </div>States,<div style="display:inline-block;width:5px;white-space:pre"> </div>tax<div style="display:inline-block;width:5px;white-space:pre"> </div>losses<div style="display:inline-block;width:5px;white-space:pre"> </div>may<div style="display:inline-block;width:5px;white-space:pre"> </div>be carried<div style="display:inline-block;width:6px;white-space:pre"> </div>forward<div style="display:inline-block;width:5px;white-space:pre"> </div>indefinitely<div style="display:inline-block;width:5px;white-space:pre"> </div>but<div style="display:inline-block;width:5px;white-space:pre"> </div>can<div style="display:inline-block;width:5px;white-space:pre"> </div>only<div style="display:inline-block;width:5px;white-space:pre"> </div>be<div style="display:inline-block;width:5px;white-space:pre"> </div>used<div style="display:inline-block;width:5px;white-space:pre"> </div>to </div><div id="a47367" style="position:absolute;font-family:'Arial';left:3px;top:122px;">shelter 80% of future taxable income in any year</div><div id="a47368" style="position:absolute;font-family:'Arial';color:#EE0000;left:289px;top:122px;">.</div></div></div> 54488000 40594000 91754000 90849000 47327000 43633000 56845000 59981000 6510000 6047000 331732000 115695000 74788000 26943000 12158000 31228000 675602000 414970000 316489000 114088000 359113000 300882000 313866000 277424000 18053000 12209000 44085000 41947000 0 0 6358000 6039000 382362000 337619000 23249000 36737000 316500000 114100000 202400000 140000000.0 26900000 179300000 80400000 12100000 10600000 <div id="TextBlockContainer2664" style="position:relative;line-height:normal;width:668px;height:137px;"><div style="position:absolute; width:102.1px; height:1px; left:449.1px; top:16.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:551.2px; top:16.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:5.3px; height:1px; left:551.9px; top:16.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:557.1px; top:16.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:101.4px; height:1px; left:557.8px; top:16.2px; background-color:#407EC9; "> </div> <div style="position:absolute; width:442.2px; height:1px; left:1px; top:34.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:449.1px; top:34.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:461.1px; top:34.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:89.5px; height:1px; left:461.7px; top:34.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:557.1px; top:34.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:569.1px; top:34.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:89.4px; height:1px; left:569.8px; top:34.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:449.1px; top:117.4px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:461.1px; top:117.4px; background-color:#000000; "> </div> <div style="position:absolute; width:89.5px; height:1px; left:461.7px; top:117.4px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:557.1px; top:117.4px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:569.1px; top:117.4px; background-color:#000000; "> </div> <div style="position:absolute; width:89.4px; height:1px; left:569.8px; top:117.4px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:448.1px; top:135.6px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:460.1px; top:135.6px; background-color:#000000; "> </div> <div style="position:absolute; width:90.4px; height:1px; left:460.8px; top:135.6px; background-color:#000000; "> </div> <div style="position:absolute; width:13px; height:1px; left:556.2px; top:135.6px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:568.2px; top:135.6px; background-color:#000000; "> </div> <div style="position:absolute; width:90.4px; height:1px; left:568.8px; top:135.6px; background-color:#000000; "> </div> <div id="TextContainer2664" style="position:relative;width:668px;z-index:1;font-size:13.28px;"><div id="a47906" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:520px;top:0px;">December 31, </div><div id="a47908" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:22px;">(US$ Thousands) </div><div id="a47911" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:489px;top:22px;">2025 </div><div id="a47914" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:597px;top:22px;">2024 </div><div id="a47916" style="position:absolute;font-family:'Arial';left:13px;top:37px;">At beginning of the year </div><div id="a47919" style="position:absolute;font-family:'Arial';left:452px;top:37px;">$ </div><div id="a47921" style="position:absolute;font-family:'Arial';left:504px;top:37px;">18,897</div><div id="a47924" style="position:absolute;font-family:'Arial';left:560px;top:37px;">$ </div><div id="a47926" style="position:absolute;font-family:'Arial';left:612px;top:37px;">20,784</div><div id="a47928" style="position:absolute;font-family:'Arial';left:13px;top:54px;">Additions based on tax positions related to current year </div><div id="a47932" style="position:absolute;font-family:'Arial';left:531px;top:54px;">—</div><div id="a47936" style="position:absolute;font-family:'Arial';left:631px;top:54px;">122</div><div id="a47938" style="position:absolute;font-family:'Arial';left:13px;top:72px;">Additions for tax positions of prior years </div><div id="a47942" style="position:absolute;font-family:'Arial';left:523px;top:72px;">992</div><div id="a47946" style="position:absolute;font-family:'Arial';left:619px;top:72px;">2,342</div><div id="a47948" style="position:absolute;font-family:'Arial';left:13px;top:87px;">Reductions for tax positions of prior year (including impacts<div style="display:inline-block;width:5px;white-space:pre"> </div>due to lapse </div><div id="a47949" style="position:absolute;font-family:'Arial';left:13px;top:102px;">in statute)<div style="display:inline-block;width:4px;white-space:pre"> </div></div><div id="a47953" style="position:absolute;font-family:'Arial';left:518px;top:102px;display:flex;">(586)</div><div id="a47957" style="position:absolute;font-family:'Arial';left:615px;top:102px;display:flex;">(4,351)</div><div id="a47959" style="position:absolute;font-family:'Arial';left:13px;top:120px;">At end of the year </div><div id="a47963" style="position:absolute;font-family:'Arial';left:504px;top:120px;">19,303</div><div id="a47967" style="position:absolute;font-family:'Arial';left:612px;top:120px;">18,897</div></div></div> 18897000 20784000 0 122000 992000 2342000 -586000 -4351000 19303000 18897000 1500000 500000 1500000 <div id="TextBlockContainer2672" style="position:relative;line-height:normal;width:676px;height:463px;"><div id="TextContainer2672" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a47995" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">21.<div style="display:inline-block;width:30px;white-space:pre"> </div>Derivatives and Fair Value<div style="display:inline-block;width:5px;white-space:pre"> </div>Measurement </div><div id="a47999" style="position:absolute;font-family:'Times New Roman';font-weight:bold;left:5px;top:29px;">(a)</div><div id="a48000" style="position:absolute;font-family:'Arial';font-weight:bold;left:20px;top:29px;"><div style="display:inline-block;width:8px;white-space:pre"> </div>Derivatives </div><div id="a48003" style="position:absolute;font-family:'Arial';left:5px;top:57px;">The<div style="display:inline-block;width:5px;white-space:pre"> </div>Company<div style="display:inline-block;width:6px;white-space:pre"> </div>may<div style="display:inline-block;width:5px;white-space:pre"> </div>use<div style="display:inline-block;width:5px;white-space:pre"> </div>derivative<div style="display:inline-block;width:6px;white-space:pre"> </div>financial<div style="display:inline-block;width:6px;white-space:pre"> </div>instruments<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:5px;white-space:pre"> </div>manage<div style="display:inline-block;width:5px;white-space:pre"> </div>its<div style="display:inline-block;width:5px;white-space:pre"> </div>financial<div style="display:inline-block;width:6px;white-space:pre"> </div>risks<div style="display:inline-block;width:6px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>normal<div style="display:inline-block;width:5px;white-space:pre"> </div>course<div style="display:inline-block;width:6px;white-space:pre"> </div>of </div><div id="a48004" style="position:absolute;font-family:'Arial';left:5px;top:73px;">operations, including foreign<div style="display:inline-block;width:6px;white-space:pre"> </div>currency risks, commodity<div style="display:inline-block;width:6px;white-space:pre"> </div>price risk related<div style="display:inline-block;width:5px;white-space:pre"> </div>to purchase of<div style="display:inline-block;width:5px;white-space:pre"> </div>raw materials (such<div style="display:inline-block;width:6px;white-space:pre"> </div>as </div><div id="a48005" style="position:absolute;font-family:'Arial';left:5px;top:88px;">gas or<div style="display:inline-block;width:2px;white-space:pre"> </div>diesel) and interest<div style="display:inline-block;width:2px;white-space:pre"> </div>rate risk. Derivatives<div style="display:inline-block;width:2px;white-space:pre"> </div>for speculative purposes<div style="display:inline-block;width:2px;white-space:pre"> </div>are strictly prohibited<div style="display:inline-block;width:2px;white-space:pre"> </div>under the Treasury </div><div id="a48010" style="position:absolute;font-family:'Arial';left:5px;top:103px;">Risk Management Policy approved by the Board of Directors. </div><div id="a48012" style="position:absolute;font-family:'Arial';left:5px;top:132px;">The financing<div style="display:inline-block;width:6px;white-space:pre"> </div>counterparties<div style="display:inline-block;width:5px;white-space:pre"> </div>to the<div style="display:inline-block;width:6px;white-space:pre"> </div>derivative<div style="display:inline-block;width:5px;white-space:pre"> </div>contracts<div style="display:inline-block;width:5px;white-space:pre"> </div>potentially expose<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company<div style="display:inline-block;width:5px;white-space:pre"> </div>to credit-related<div style="display:inline-block;width:7px;white-space:pre"> </div>risk. </div><div id="a48015" style="position:absolute;font-family:'Arial';left:5px;top:147px;">Credit risk is<div style="display:inline-block;width:2px;white-space:pre"> </div>the risk that<div style="display:inline-block;width:2px;white-space:pre"> </div>a third party<div style="display:inline-block;width:2px;white-space:pre"> </div>might fail to<div style="display:inline-block;width:2px;white-space:pre"> </div>fulfill its performance<div style="display:inline-block;width:2px;white-space:pre"> </div>obligations under the<div style="display:inline-block;width:2px;white-space:pre"> </div>terms of the<div style="display:inline-block;width:2px;white-space:pre"> </div>financial </div><div id="a48017" style="position:absolute;font-family:'Arial';left:5px;top:163px;">instrument. The Company mitigates credit risk ensuring derivative contracts are entered with counterparties with </div><div id="a48019" style="position:absolute;font-family:'Arial';left:5px;top:178px;">high credit quality and frequently monitoring their financial<div style="display:inline-block;width:5px;white-space:pre"> </div>condition. </div><div id="a48022" style="position:absolute;font-family:'Arial';font-style:italic;left:5px;top:207px;">Forward foreign currency contracts </div><div id="a48024" style="position:absolute;font-family:'Arial';left:5px;top:235px;">The Company’s Australian Operations utilize the cash generated<div style="display:inline-block;width:5px;white-space:pre"> </div>from US$ denominated coal sales revenues to </div><div id="a48025" style="position:absolute;font-family:'Arial';left:5px;top:251px;">fund operating costs,<div style="display:inline-block;width:5px;white-space:pre"> </div>which are predominantly in<div style="display:inline-block;width:5px;white-space:pre"> </div>A$. During the year<div style="display:inline-block;width:6px;white-space:pre"> </div>ended December 31, 2025,<div style="display:inline-block;width:5px;white-space:pre"> </div>the Company </div><div id="a48032" style="position:absolute;font-family:'Arial';left:5px;top:266px;">entered into forward foreign<div style="display:inline-block;width:5px;white-space:pre"> </div>currency contracts to hedge<div style="display:inline-block;width:5px;white-space:pre"> </div>its foreign exchange exposure<div style="display:inline-block;width:5px;white-space:pre"> </div>on a portion of the<div style="display:inline-block;width:5px;white-space:pre"> </div>US$ </div><div id="a48033" style="position:absolute;font-family:'Arial';left:5px;top:281px;">denominated coal sales revenue at its Australian Operations,<div style="display:inline-block;width:5px;white-space:pre"> </div>whose functional currency is A$.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a48035" style="position:absolute;font-family:'Arial';left:5px;top:310px;">The aggregate<div style="display:inline-block;width:5px;white-space:pre"> </div>notional amount<div style="display:inline-block;width:5px;white-space:pre"> </div>of the<div style="display:inline-block;width:5px;white-space:pre"> </div>outstanding forward<div style="display:inline-block;width:6px;white-space:pre"> </div>foreign currency<div style="display:inline-block;width:6px;white-space:pre"> </div>derivative contracts<div style="display:inline-block;width:6px;white-space:pre"> </div>designated as </div><div id="a48036" style="position:absolute;font-family:'Arial';left:5px;top:325px;">cash flow hedges was $</div><div id="a48036_22_4" style="position:absolute;font-family:'Arial';left:146px;top:325px;">80.0</div><div id="a48036_26_83" style="position:absolute;font-family:'Arial';left:172px;top:325px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million as at December 31, 2025, with maturity dates<div style="display:inline-block;width:5px;white-space:pre"> </div>varying from January 2026 to </div><div id="a48040" style="position:absolute;font-family:'Arial';left:5px;top:341px;">March 2026. Given the forward foreign currency contracts<div style="display:inline-block;width:5px;white-space:pre"> </div>were designated as cash flow hedges, the unrealized </div><div id="a48042" style="position:absolute;font-family:'Arial';left:5px;top:356px;">gain of<div style="display:inline-block;width:6px;white-space:pre"> </div>$</div><div id="a48042_9_3" style="position:absolute;font-family:'Arial';left:58px;top:356px;">2.5</div><div id="a48042_12_94" style="position:absolute;font-family:'Arial';left:77px;top:356px;"><div style="display:inline-block;width:5px;white-space:pre"> </div>million<div style="display:inline-block;width:5px;white-space:pre"> </div>was recognized<div style="display:inline-block;width:6px;white-space:pre"> </div>in “Accumulated<div style="display:inline-block;width:6px;white-space:pre"> </div>other comprehensive<div style="display:inline-block;width:7px;white-space:pre"> </div>loss” at<div style="display:inline-block;width:6px;white-space:pre"> </div>December<div style="display:inline-block;width:5px;white-space:pre"> </div>31,<div style="display:inline-block;width:5px;white-space:pre"> </div>2025 in<div style="display:inline-block;width:6px;white-space:pre"> </div>the </div><div id="a48053" style="position:absolute;font-family:'Arial';left:5px;top:371px;">audited Consolidated Balance<div style="display:inline-block;width:2px;white-space:pre"> </div>Sheet, and<div style="display:inline-block;width:2px;white-space:pre"> </div>will be<div style="display:inline-block;width:2px;white-space:pre"> </div>reclassified into “Coal<div style="display:inline-block;width:2px;white-space:pre"> </div>revenues” in the<div style="display:inline-block;width:2px;white-space:pre"> </div>Consolidated Statements </div><div id="a48061" style="position:absolute;font-family:'Arial';left:5px;top:387px;">of<div style="display:inline-block;width:6px;white-space:pre"> </div>Operations<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>Comprehensive<div style="display:inline-block;width:7px;white-space:pre"> </div>Income<div style="display:inline-block;width:7px;white-space:pre"> </div>in<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:7px;white-space:pre"> </div>period<div style="display:inline-block;width:7px;white-space:pre"> </div>in<div style="display:inline-block;width:6px;white-space:pre"> </div>which<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>hedged<div style="display:inline-block;width:7px;white-space:pre"> </div>transaction<div style="display:inline-block;width:7px;white-space:pre"> </div>impacts<div style="display:inline-block;width:7px;white-space:pre"> </div>income, </div><div id="a48062" style="position:absolute;font-family:'Arial';left:5px;top:402px;">expected to be within the next 3 months. Refer to Note 22. “Accumulated<div style="display:inline-block;width:5px;white-space:pre"> </div>Other Comprehensive Losses”.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a48069" style="position:absolute;font-family:'Arial';left:5px;top:431px;">As of December<div style="display:inline-block;width:2px;white-space:pre"> </div>31, 2025, the<div style="display:inline-block;width:2px;white-space:pre"> </div>Company recognized a derivative<div style="display:inline-block;width:2px;white-space:pre"> </div>asset of $</div><div id="a48069_71_3" style="position:absolute;font-family:'Arial';left:437px;top:431px;">2.5</div><div id="a48069_74_39" style="position:absolute;font-family:'Arial';left:456px;top:431px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>million in respect of<div style="display:inline-block;width:2px;white-space:pre"> </div>forward foreign </div><div id="a48074" style="position:absolute;font-family:'Arial';left:5px;top:446px;">currency contracts unrealized gain, classified within “</div><div id="a48074_55_20" style="position:absolute;font-family:'Arial';left:316px;top:446px;-sec-ix-hidden:ID_1390;">Other Current Assets</div><div id="a48074_75_2" style="position:absolute;font-family:'Arial';left:441px;top:446px;">.”</div></div></div><div id="TextBlockContainer2675" style="position:relative;line-height:normal;width:676px;height:417px;"><div id="TextContainer2675" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a48094" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:0px;">b) Fair Value of Financial<div style="display:inline-block;width:5px;white-space:pre"> </div>Instruments </div><div id="a48097" style="position:absolute;font-family:'Arial';left:5px;top:29px;">The fair<div style="display:inline-block;width:5px;white-space:pre"> </div>value of<div style="display:inline-block;width:5px;white-space:pre"> </div>a financial<div style="display:inline-block;width:5px;white-space:pre"> </div>instrument is<div style="display:inline-block;width:5px;white-space:pre"> </div>the amount<div style="display:inline-block;width:5px;white-space:pre"> </div>that will<div style="display:inline-block;width:5px;white-space:pre"> </div>be received<div style="display:inline-block;width:5px;white-space:pre"> </div>to sell<div style="display:inline-block;width:5px;white-space:pre"> </div>an asset<div style="display:inline-block;width:5px;white-space:pre"> </div>or paid<div style="display:inline-block;width:5px;white-space:pre"> </div>to transfer<div style="display:inline-block;width:5px;white-space:pre"> </div>a </div><div id="a48098" style="position:absolute;font-family:'Arial';left:5px;top:44px;">liability in<div style="display:inline-block;width:2px;white-space:pre"> </div>an orderly transaction<div style="display:inline-block;width:2px;white-space:pre"> </div>between market participants<div style="display:inline-block;width:2px;white-space:pre"> </div>at the<div style="display:inline-block;width:2px;white-space:pre"> </div>measurement date. The<div style="display:inline-block;width:2px;white-space:pre"> </div>fair values<div style="display:inline-block;width:2px;white-space:pre"> </div>of financial </div><div id="a48099" style="position:absolute;font-family:'Arial';left:5px;top:59px;">instruments involve uncertainty and cannot be determined with<div style="display:inline-block;width:5px;white-space:pre"> </div>precision. </div><div id="a48102" style="position:absolute;font-family:'Arial';left:5px;top:88px;">The Company utilizes valuation<div style="display:inline-block;width:5px;white-space:pre"> </div>techniques that maximize<div style="display:inline-block;width:5px;white-space:pre"> </div>the use of observable inputs<div style="display:inline-block;width:5px;white-space:pre"> </div>and minimize the use of </div><div id="a48103" style="position:absolute;font-family:'Arial';left:5px;top:103px;">unobservable<div style="display:inline-block;width:6px;white-space:pre"> </div>inputs<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>extent<div style="display:inline-block;width:6px;white-space:pre"> </div>possible.<div style="display:inline-block;width:6px;white-space:pre"> </div>The<div style="display:inline-block;width:6px;white-space:pre"> </div>Company<div style="display:inline-block;width:6px;white-space:pre"> </div>determines<div style="display:inline-block;width:6px;white-space:pre"> </div>fair<div style="display:inline-block;width:6px;white-space:pre"> </div>value<div style="display:inline-block;width:6px;white-space:pre"> </div>based<div style="display:inline-block;width:6px;white-space:pre"> </div>on<div style="display:inline-block;width:6px;white-space:pre"> </div>assumptions<div style="display:inline-block;width:6px;white-space:pre"> </div>that </div><div id="a48106" style="position:absolute;font-family:'Arial';left:5px;top:119px;">market participants would<div style="display:inline-block;width:5px;white-space:pre"> </div>use in pricing<div style="display:inline-block;width:5px;white-space:pre"> </div>an asset or<div style="display:inline-block;width:5px;white-space:pre"> </div>liability in the<div style="display:inline-block;width:5px;white-space:pre"> </div>market. When considering<div style="display:inline-block;width:6px;white-space:pre"> </div>market participant </div><div id="a48107" style="position:absolute;font-family:'Arial';left:5px;top:134px;">assumptions in fair<div style="display:inline-block;width:2px;white-space:pre"> </div>value measurements, the<div style="display:inline-block;width:2px;white-space:pre"> </div>following fair value<div style="display:inline-block;width:2px;white-space:pre"> </div>hierarchy distinguishes between observable<div style="display:inline-block;width:2px;white-space:pre"> </div>and </div><div id="a48109" style="position:absolute;font-family:'Arial';left:5px;top:149px;">unobservable inputs, which are categorized in one of the following<div style="display:inline-block;width:5px;white-space:pre"> </div>levels: </div><div id="a48112" style="position:absolute;font-family:'Arial';left:5px;top:178px;">Level<div style="display:inline-block;width:5px;white-space:pre"> </div>1<div style="display:inline-block;width:5px;white-space:pre"> </div>Inputs:<div style="display:inline-block;width:5px;white-space:pre"> </div>Unadjusted<div style="display:inline-block;width:6px;white-space:pre"> </div>quoted<div style="display:inline-block;width:5px;white-space:pre"> </div>prices<div style="display:inline-block;width:6px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>active<div style="display:inline-block;width:5px;white-space:pre"> </div>markets<div style="display:inline-block;width:6px;white-space:pre"> </div>for<div style="display:inline-block;width:5px;white-space:pre"> </div>identical<div style="display:inline-block;width:6px;white-space:pre"> </div>assets<div style="display:inline-block;width:5px;white-space:pre"> </div>or<div style="display:inline-block;width:5px;white-space:pre"> </div>liabilities<div style="display:inline-block;width:5px;white-space:pre"> </div>accessible<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:5px;white-space:pre"> </div>the </div><div id="a48113" style="position:absolute;font-family:'Arial';left:5px;top:193px;">reporting entity at the measurement date. </div><div id="a48115" style="position:absolute;font-family:'Arial';left:5px;top:222px;">Level 2 Inputs: Other than<div style="display:inline-block;width:5px;white-space:pre"> </div>quoted prices that are observable<div style="display:inline-block;width:5px;white-space:pre"> </div>for the asset or<div style="display:inline-block;width:5px;white-space:pre"> </div>liability, either<div style="display:inline-block;width:5px;white-space:pre"> </div>directly or indirectly, </div><div id="a48116" style="position:absolute;font-family:'Arial';left:5px;top:237px;">for substantially the full term of the asset or liability. </div><div id="a48118" style="position:absolute;font-family:'Arial';left:5px;top:266px;">Level<div style="display:inline-block;width:6px;white-space:pre"> </div>3<div style="display:inline-block;width:6px;white-space:pre"> </div>Inputs:<div style="display:inline-block;width:6px;white-space:pre"> </div>Unobservable<div style="display:inline-block;width:7px;white-space:pre"> </div>inputs<div style="display:inline-block;width:6px;white-space:pre"> </div>for<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>asset<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:6px;white-space:pre"> </div>liability<div style="display:inline-block;width:6px;white-space:pre"> </div>used<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>measure<div style="display:inline-block;width:7px;white-space:pre"> </div>fair<div style="display:inline-block;width:6px;white-space:pre"> </div>value<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>extent<div style="display:inline-block;width:6px;white-space:pre"> </div>that </div><div id="a48119" style="position:absolute;font-family:'Arial';left:5px;top:281px;">observable inputs<div style="display:inline-block;width:5px;white-space:pre"> </div>are not<div style="display:inline-block;width:5px;white-space:pre"> </div>available, thereby<div style="display:inline-block;width:5px;white-space:pre"> </div>allowing for<div style="display:inline-block;width:5px;white-space:pre"> </div>situations in<div style="display:inline-block;width:5px;white-space:pre"> </div>which there<div style="display:inline-block;width:5px;white-space:pre"> </div>is little, if<div style="display:inline-block;width:6px;white-space:pre"> </div>any,<div style="display:inline-block;width:5px;white-space:pre"> </div>market activity </div><div id="a48120" style="position:absolute;font-family:'Arial';left:5px;top:297px;">for the asset or liability at measurement date. </div><div id="a48123" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:325px;">Financial Instruments Measured on a Recurring Basis </div><div id="a48125" style="position:absolute;font-family:'Arial';left:5px;top:354px;">As<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>December<div style="display:inline-block;width:6px;white-space:pre"> </div>31,<div style="display:inline-block;width:5px;white-space:pre"> </div>2025,<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company’s<div style="display:inline-block;width:6px;white-space:pre"> </div>forward<div style="display:inline-block;width:6px;white-space:pre"> </div>foreign<div style="display:inline-block;width:5px;white-space:pre"> </div>currency<div style="display:inline-block;width:6px;white-space:pre"> </div>contracts,<div style="display:inline-block;width:6px;white-space:pre"> </div>a<div style="display:inline-block;width:6px;white-space:pre"> </div>net<div style="display:inline-block;width:5px;white-space:pre"> </div>derivative<div style="display:inline-block;width:6px;white-space:pre"> </div>asset<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>$</div><div id="a48125_102_3" style="position:absolute;font-family:'Arial';left:644px;top:354px;">2.5</div><div id="a48129" style="position:absolute;font-family:'Arial';left:5px;top:369px;">million, were required to be measured at fair value on a recurring basis based on<div style="display:inline-block;width:2px;white-space:pre"> </div>a valuation that is corroborated </div><div id="a48130" style="position:absolute;font-family:'Arial';left:5px;top:385px;">by<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>use<div style="display:inline-block;width:5px;white-space:pre"> </div>of<div style="display:inline-block;width:5px;white-space:pre"> </div>market-based<div style="display:inline-block;width:6px;white-space:pre"> </div>pricing<div style="display:inline-block;width:5px;white-space:pre"> </div>(Level<div style="display:inline-block;width:5px;white-space:pre"> </div>2).<div style="display:inline-block;width:5px;white-space:pre"> </div>As<div style="display:inline-block;width:5px;white-space:pre"> </div>at<div style="display:inline-block;width:5px;white-space:pre"> </div>December<div style="display:inline-block;width:5px;white-space:pre"> </div>31,<div style="display:inline-block;width:5px;white-space:pre"> </div>2024,<div style="display:inline-block;width:5px;white-space:pre"> </div>there<div style="display:inline-block;width:5px;white-space:pre"> </div>were </div><div id="a48130_82_2" style="position:absolute;font-family:'Arial';left:519px;top:385px;">no</div><div id="a48130_84_23" style="position:absolute;font-family:'Arial';left:534px;top:385px;"><div style="display:inline-block;width:5px;white-space:pre"> </div>financial<div style="display:inline-block;width:6px;white-space:pre"> </div>instruments </div><div id="a48134" style="position:absolute;font-family:'Arial';left:5px;top:400px;">required to be measured at fair value on a recurring basis.</div></div></div><div id="TextBlockContainer2678" style="position:relative;line-height:normal;width:676px;height:277px;"><div id="TextContainer2678" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a48138" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:0px;">Other Financial Instruments </div><div id="a48140" style="position:absolute;font-family:'Arial';left:5px;top:29px;">The following methods<div style="display:inline-block;width:6px;white-space:pre"> </div>and assumptions<div style="display:inline-block;width:5px;white-space:pre"> </div>are used to<div style="display:inline-block;width:5px;white-space:pre"> </div>estimate the fair<div style="display:inline-block;width:6px;white-space:pre"> </div>value of other<div style="display:inline-block;width:6px;white-space:pre"> </div>financial instruments<div style="display:inline-block;width:5px;white-space:pre"> </div>as of </div><div id="a48141" style="position:absolute;font-family:'Arial';left:5px;top:44px;">December 31, 2025 and 2024: </div><div id="a48143" style="position:absolute;font-family:'Arial';left:29px;top:75px;">•<div style="display:inline-block;width:19px;white-space:pre"> </div>Cash and cash<div style="display:inline-block;width:5px;white-space:pre"> </div>equivalents, accounts receivable,<div style="display:inline-block;width:6px;white-space:pre"> </div>accounts payable, accrued<div style="display:inline-block;width:5px;white-space:pre"> </div>expenses, lease liabilities </div><div id="a48149" style="position:absolute;font-family:'Arial';left:53px;top:91px;">and other current financial liabilities: The carrying amounts reported in the Consolidated Balance Sheets </div><div id="a48150" style="position:absolute;font-family:'Arial';left:53px;top:106px;">approximate fair value due to the short maturity of these<div style="display:inline-block;width:5px;white-space:pre"> </div>instruments. </div><div id="a48152" style="position:absolute;font-family:'Arial';left:29px;top:137px;">•<div style="display:inline-block;width:19px;white-space:pre"> </div>Restricted deposits,<div style="display:inline-block;width:2px;white-space:pre"> </div>lease liabilities,<div style="display:inline-block;width:2px;white-space:pre"> </div>interest bearing<div style="display:inline-block;width:2px;white-space:pre"> </div>liabilities and<div style="display:inline-block;width:2px;white-space:pre"> </div>other financial<div style="display:inline-block;width:2px;white-space:pre"> </div>liabilities: The<div style="display:inline-block;width:2px;white-space:pre"> </div>fair values </div><div id="a48155" style="position:absolute;font-family:'Arial';left:53px;top:153px;">approximate the carrying amounts<div style="display:inline-block;width:5px;white-space:pre"> </div>reported in the Consolidated Balance Sheets. </div><div id="a48159" style="position:absolute;font-family:'Arial';left:29px;top:184px;">•<div style="display:inline-block;width:19px;white-space:pre"> </div>Interest bearing liabilities: The<div style="display:inline-block;width:2px;white-space:pre"> </div>Company’s outstanding interest-bearing liabilities are carried at<div style="display:inline-block;width:2px;white-space:pre"> </div>amortized </div><div id="a48164" style="position:absolute;font-family:'Arial';left:53px;top:199px;">cost. As of December<div style="display:inline-block;width:2px;white-space:pre"> </div>31, 2025, the fair<div style="display:inline-block;width:2px;white-space:pre"> </div>value of the amounts drawn<div style="display:inline-block;width:2px;white-space:pre"> </div>under the ABL Facility approximated </div><div id="a48168" style="position:absolute;font-family:'Arial';left:53px;top:215px;">the carrying value reported in the Consolidated Balance Sheet. As of December 31, 2025, the estimated </div><div id="a48172" style="position:absolute;font-family:'Arial';left:53px;top:230px;">fair value of<div style="display:inline-block;width:5px;white-space:pre"> </div>the Notes was<div style="display:inline-block;width:6px;white-space:pre"> </div>$</div><div id="a48172_29_5" style="position:absolute;font-family:'Arial';left:224px;top:230px;">366.9</div><div id="a48172_34_69" style="position:absolute;font-family:'Arial';left:257px;top:230px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million based<div style="display:inline-block;width:5px;white-space:pre"> </div>upon quoted<div style="display:inline-block;width:5px;white-space:pre"> </div>prices in a<div style="display:inline-block;width:6px;white-space:pre"> </div>market that<div style="display:inline-block;width:5px;white-space:pre"> </div>is not considered </div><div id="a48177" style="position:absolute;font-family:'Arial';left:53px;top:245px;">active (Level 2), and the estimated fair value of the Curragh Housing loan was $</div><div id="a48177_80_4" style="position:absolute;font-family:'Arial';left:522px;top:245px;">26.4</div><div id="a48177_84_20" style="position:absolute;font-family:'Arial';left:548px;top:245px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million based upon </div><div id="a48189" style="position:absolute;font-family:'Arial';left:53px;top:261px;">unobservable inputs (Level 3).</div></div></div> 80000000.0 2500000 2500000 2500000 0 366900000 26400000 <div id="TextBlockContainer2681" style="position:relative;line-height:normal;width:676px;height:91px;"><div id="TextContainer2681" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a48192" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">22.<div style="display:inline-block;width:8px;white-space:pre"> </div>Accumulated Other Comprehensive Losses </div><div id="a48196" style="position:absolute;font-family:'Arial';left:5px;top:29px;">The<div style="display:inline-block;width:10px;white-space:pre"> </div>Company’s<div style="display:inline-block;width:11px;white-space:pre"> </div>Accumulated<div style="display:inline-block;width:10px;white-space:pre"> </div>Other<div style="display:inline-block;width:10px;white-space:pre"> </div>Comprehensive<div style="display:inline-block;width:11px;white-space:pre"> </div>Losses<div style="display:inline-block;width:10px;white-space:pre"> </div>consisted<div style="display:inline-block;width:10px;white-space:pre"> </div>of<div style="display:inline-block;width:10px;white-space:pre"> </div>foreign<div style="display:inline-block;width:10px;white-space:pre"> </div>currency<div style="display:inline-block;width:10px;white-space:pre"> </div>translation </div><div id="a48218" style="position:absolute;font-family:'Arial';left:5px;top:44px;">adjustments for<div style="display:inline-block;width:5px;white-space:pre"> </div>subsidiaries for<div style="display:inline-block;width:5px;white-space:pre"> </div>which the<div style="display:inline-block;width:5px;white-space:pre"> </div>functional currency<div style="display:inline-block;width:6px;white-space:pre"> </div>is different<div style="display:inline-block;width:5px;white-space:pre"> </div>to the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company’s functional<div style="display:inline-block;width:6px;white-space:pre"> </div>currency </div><div id="a48248" style="position:absolute;font-family:'Arial';left:5px;top:59px;">(the U.S.<div style="display:inline-block;width:5px;white-space:pre"> </div>dollar) and<div style="display:inline-block;width:5px;white-space:pre"> </div>net unrealized<div style="display:inline-block;width:6px;white-space:pre"> </div>gains (losses)<div style="display:inline-block;width:5px;white-space:pre"> </div>from forward<div style="display:inline-block;width:5px;white-space:pre"> </div>foreign currency<div style="display:inline-block;width:5px;white-space:pre"> </div>contracts designated<div style="display:inline-block;width:6px;white-space:pre"> </div>as cash </div><div id="a48281" style="position:absolute;font-family:'Arial';left:5px;top:75px;">flow hedge.</div></div></div><div id="TextBlockContainer2687" style="position:relative;line-height:normal;width:654px;height:386px;"><div id="div_2684_XBRL_TS_2a0d9a307cf44e0c83c695e866f9cc07" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2685" style="position:relative;line-height:normal;width:654px;height:386px;"><div style="position:absolute; width:333px; height:1px; left:1px; top:73.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:340.1px; top:73.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:352.1px; top:73.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:86.4px; height:1px; left:352.8px; top:73.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:9.9px; height:1px; left:447.2px; top:73.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:457.1px; top:73.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:86.4px; height:1px; left:457.7px; top:73.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:9.9px; height:1px; left:548.2px; top:73.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:558.1px; top:73.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:86.4px; height:1px; left:558.7px; top:73.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:340.1px; top:176.2px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:352.1px; top:176.2px; background-color:#000000; "> </div> <div style="position:absolute; width:86.4px; height:1px; left:352.8px; top:176.2px; background-color:#000000; "> </div> <div style="position:absolute; width:9.9px; height:1px; left:447.2px; top:176.2px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:457.1px; top:176.2px; background-color:#000000; "> </div> <div style="position:absolute; width:86.4px; height:1px; left:457.7px; top:176.2px; background-color:#000000; "> </div> <div style="position:absolute; width:9.9px; height:1px; left:548.2px; top:176.2px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:558.1px; top:176.2px; background-color:#000000; "> </div> <div style="position:absolute; width:86.4px; height:1px; left:558.7px; top:176.2px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:340.1px; top:193.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:352.1px; top:193.8px; background-color:#000000; "> </div> <div style="position:absolute; width:86.4px; height:1px; left:352.8px; top:193.8px; background-color:#000000; "> </div> <div style="position:absolute; width:9.9px; height:1px; left:447.2px; top:193.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:457.1px; top:193.8px; background-color:#000000; "> </div> <div style="position:absolute; width:86.4px; height:1px; left:457.7px; top:193.8px; background-color:#000000; "> </div> <div style="position:absolute; width:9.9px; height:1px; left:548.2px; top:193.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:558.1px; top:193.8px; background-color:#000000; "> </div> <div style="position:absolute; width:86.4px; height:1px; left:558.7px; top:193.8px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:340.1px; top:211.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:352.1px; top:211.5px; background-color:#000000; "> </div> <div style="position:absolute; width:86.4px; height:1px; left:352.8px; top:211.5px; background-color:#000000; "> </div> <div style="position:absolute; width:9.9px; height:1px; left:447.2px; top:211.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:457.1px; top:211.5px; background-color:#000000; "> </div> <div style="position:absolute; width:86.4px; height:1px; left:457.7px; top:211.5px; background-color:#000000; "> </div> <div style="position:absolute; width:9.9px; height:1px; left:548.2px; top:211.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:558.1px; top:211.5px; background-color:#000000; "> </div> <div style="position:absolute; width:86.4px; height:1px; left:558.7px; top:211.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:340.1px; top:344.9px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:352.1px; top:344.9px; background-color:#000000; "> </div> <div style="position:absolute; width:86.4px; height:1px; left:352.8px; top:344.9px; background-color:#000000; "> </div> <div style="position:absolute; width:9.9px; height:1px; left:447.2px; top:344.9px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:457.1px; top:344.9px; background-color:#000000; "> </div> <div style="position:absolute; width:86.4px; height:1px; left:457.7px; top:344.9px; background-color:#000000; "> </div> <div style="position:absolute; width:9.9px; height:1px; left:548.2px; top:344.9px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:558.1px; top:344.9px; background-color:#000000; "> </div> <div style="position:absolute; width:86.4px; height:1px; left:558.7px; top:344.9px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:340.1px; top:362.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:352.1px; top:362.5px; background-color:#000000; "> </div> <div style="position:absolute; width:86.4px; height:1px; left:352.8px; top:362.5px; background-color:#000000; "> </div> <div style="position:absolute; width:9.9px; height:1px; left:447.2px; top:362.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:457.1px; top:362.5px; background-color:#000000; "> </div> <div style="position:absolute; width:86.4px; height:1px; left:457.7px; top:362.5px; background-color:#000000; "> </div> <div style="position:absolute; width:9.9px; height:1px; left:548.2px; top:362.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:558.1px; top:362.5px; background-color:#000000; "> </div> <div style="position:absolute; width:86.4px; height:1px; left:558.7px; top:362.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:340.1px; top:381.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:352.1px; top:381.2px; background-color:#000000; "> </div> <div style="position:absolute; width:84.2px; height:1px; left:355px; top:381.2px; background-color:#000000; "> </div> <div style="position:absolute; width:9.9px; height:1px; left:447.2px; top:381.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:457.1px; top:381.2px; background-color:#000000; "> </div> <div style="position:absolute; width:84.2px; height:1px; left:460px; top:381.2px; background-color:#000000; "> </div> <div style="position:absolute; width:9.9px; height:1px; left:548.2px; top:381.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:558.1px; top:381.2px; background-color:#000000; "> </div> <div style="position:absolute; width:84.2px; height:1px; left:561px; top:381.2px; background-color:#000000; "> </div> <div id="TextContainer2685" style="position:relative;width:654px;z-index:1;font-size:13.28px;"><div id="a48309" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:61px;">(US$ thousands) </div><div id="a48313" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:376px;top:25px;">Foreign </div><div id="a48314" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:373px;top:37px;">currency </div><div id="a48315" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:369px;top:49px;">translation </div><div id="a48316" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:364px;top:61px;">adjustments </div><div id="a48321" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:464px;top:0px;">Net unrealized </div><div id="a48322" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:468px;top:12px;">gain on cash </div><div id="a48323" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:470px;top:25px;">flow hedge - </div><div id="a48326" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:462px;top:37px;">forward foreign </div><div id="a48327" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:478px;top:49px;">currency </div><div id="a48328" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:477px;top:61px;">contracts </div><div id="a48332" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:589px;top:61px;">Total </div><div id="a48334" style="position:absolute;font-family:'Arial';left:4px;top:76px;">Balance at December 31, 2023 </div><div id="a48337" style="position:absolute;font-family:'Arial';left:343px;top:76px;">$ </div><div id="a48339" style="position:absolute;font-family:'Arial';left:387px;top:76px;display:flex;">(89,927)</div><div id="a48343" style="position:absolute;font-family:'Arial';left:450px;top:76px;">$ </div><div id="a48345" style="position:absolute;font-family:'Arial';left:524px;top:76px;">—</div><div id="a48348" style="position:absolute;font-family:'Arial';left:551px;top:76px;">$ </div><div id="a48350" style="position:absolute;font-family:'Arial';left:593px;top:76px;display:flex;">(89,927)</div><div id="a48352" style="position:absolute;font-family:'Arial';font-style:italic;left:4px;top:93px;">Net current-period other comprehensive income (loss): </div><div id="a48366" style="position:absolute;font-family:'Arial';left:4px;top:112px;">Loss in other comprehensive income before </div><div id="a48367" style="position:absolute;font-family:'Arial';left:4px;top:127px;">reclassifications </div><div id="a48371" style="position:absolute;font-family:'Arial';left:387px;top:127px;display:flex;">(10,524)</div><div id="a48376" style="position:absolute;font-family:'Arial';left:524px;top:127px;">—</div><div id="a48380" style="position:absolute;font-family:'Arial';left:593px;top:127px;display:flex;">(10,524)</div><div id="a48382" style="position:absolute;font-family:'Arial';left:4px;top:146px;">Loss on long-term intra-entity foreign currency </div><div id="a48387" style="position:absolute;font-family:'Arial';left:4px;top:161px;">transactions </div><div id="a48391" style="position:absolute;font-family:'Arial';left:387px;top:161px;display:flex;">(37,109)</div><div id="a48396" style="position:absolute;font-family:'Arial';left:524px;top:161px;">—</div><div id="a48400" style="position:absolute;font-family:'Arial';left:593px;top:161px;display:flex;">(37,109)</div><div id="a48402" style="position:absolute;font-family:'Arial';left:4px;top:179px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>net current-period other comprehensive loss </div><div id="a48408" style="position:absolute;font-family:'Arial';left:387px;top:179px;display:flex;">(47,633)</div><div id="a48413" style="position:absolute;font-family:'Arial';left:524px;top:179px;">—</div><div id="a48417" style="position:absolute;font-family:'Arial';left:593px;top:179px;display:flex;">(47,633)</div><div id="a48419" style="position:absolute;font-family:'Arial';left:4px;top:196px;">Balance at December 31, 2024 </div><div id="a48423" style="position:absolute;font-family:'Arial';left:380px;top:196px;display:flex;">(137,560)</div><div id="a48428" style="position:absolute;font-family:'Arial';left:524px;top:196px;">—</div><div id="a48432" style="position:absolute;font-family:'Arial';left:586px;top:196px;display:flex;">(137,560)</div><div id="a48434" style="position:absolute;font-family:'Arial';font-style:italic;left:4px;top:214px;">Net current-period other comprehensive income (loss): </div><div id="a48448" style="position:absolute;font-family:'Arial';left:4px;top:233px;">(Loss) gain in other comprehensive income before </div><div id="a48449" style="position:absolute;font-family:'Arial';left:4px;top:248px;">reclassifications </div><div id="a48453" style="position:absolute;font-family:'Arial';left:387px;top:248px;display:flex;">(13,909)</div><div id="a48458" style="position:absolute;font-family:'Arial';left:504px;top:248px;">3,683</div><div id="a48462" style="position:absolute;font-family:'Arial';left:593px;top:248px;display:flex;">(10,226)</div><div id="a48464" style="position:absolute;font-family:'Arial';left:4px;top:263px;">Gain on long-term intra-entity foreign currency </div><div id="a48469" style="position:absolute;font-family:'Arial';left:4px;top:279px;">transactions </div><div id="a48473" style="position:absolute;font-family:'Arial';left:392px;top:279px;">28,546</div><div id="a48478" style="position:absolute;font-family:'Arial';left:524px;top:279px;">—</div><div id="a48482" style="position:absolute;font-family:'Arial';left:598px;top:279px;">28,546</div><div id="a48484" style="position:absolute;font-family:'Arial';left:4px;top:297px;">Gain reclassified from accumulated other </div><div id="a48485" style="position:absolute;font-family:'Arial';left:4px;top:313px;">comprehensive losses </div><div id="a48489" style="position:absolute;font-family:'Arial';left:419px;top:313px;">—</div><div id="a48494" style="position:absolute;font-family:'Arial';left:499px;top:313px;display:flex;">(1,204)</div><div id="a48498" style="position:absolute;font-family:'Arial';left:600px;top:313px;display:flex;">(1,204)</div><div id="a48500" style="position:absolute;font-family:'Arial';left:4px;top:330px;">Tax<div style="display:inline-block;width:5px;white-space:pre"> </div>effects </div><div id="a48504" style="position:absolute;font-family:'Arial';left:419px;top:330px;">—</div><div id="a48509" style="position:absolute;font-family:'Arial';left:524px;top:330px;">—</div><div id="a48513" style="position:absolute;font-family:'Arial';left:625px;top:330px;">—</div><div id="a48515" style="position:absolute;font-family:'Arial';left:4px;top:347px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>net current-period other comprehensive losses </div><div id="a48521" style="position:absolute;font-family:'Arial';left:392px;top:347px;">14,637</div><div id="a48526" style="position:absolute;font-family:'Arial';left:504px;top:347px;">2,479</div><div id="a48530" style="position:absolute;font-family:'Arial';left:598px;top:347px;">17,116</div><div id="a48532" style="position:absolute;font-family:'Arial';left:4px;top:366px;">Balance at December 31, 2025 </div><div id="a48535" style="position:absolute;font-family:'Arial';left:343px;top:366px;">$ </div><div id="a48537" style="position:absolute;font-family:'Arial';left:380px;top:366px;display:flex;">(122,923)</div><div id="a48541" style="position:absolute;font-family:'Arial';left:450px;top:366px;">$ </div><div id="a48543" style="position:absolute;font-family:'Arial';left:504px;top:366px;">2,479</div><div id="a48546" style="position:absolute;font-family:'Arial';left:551px;top:366px;">$ </div><div id="a48548" style="position:absolute;font-family:'Arial';left:586px;top:366px;display:flex;">(120,444)</div></div></div></div></div> <div id="TextBlockContainer2685" style="position:relative;line-height:normal;width:654px;height:386px;"><div style="position:absolute; width:333px; height:1px; left:1px; top:73.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:340.1px; top:73.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:352.1px; top:73.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:86.4px; height:1px; left:352.8px; top:73.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:9.9px; height:1px; left:447.2px; top:73.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:457.1px; top:73.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:86.4px; height:1px; left:457.7px; top:73.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:9.9px; height:1px; left:548.2px; top:73.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:558.1px; top:73.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:86.4px; height:1px; left:558.7px; top:73.5px; background-color:#407EC9; "> </div> <div style="position:absolute; width:12px; height:1px; left:340.1px; top:176.2px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:352.1px; top:176.2px; background-color:#000000; "> </div> <div style="position:absolute; width:86.4px; height:1px; left:352.8px; top:176.2px; background-color:#000000; "> </div> <div style="position:absolute; width:9.9px; height:1px; left:447.2px; top:176.2px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:457.1px; top:176.2px; background-color:#000000; "> </div> <div style="position:absolute; width:86.4px; height:1px; left:457.7px; top:176.2px; background-color:#000000; "> </div> <div style="position:absolute; width:9.9px; height:1px; left:548.2px; top:176.2px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:558.1px; top:176.2px; background-color:#000000; "> </div> <div style="position:absolute; width:86.4px; height:1px; left:558.7px; top:176.2px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:340.1px; top:193.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:352.1px; top:193.8px; background-color:#000000; "> </div> <div style="position:absolute; width:86.4px; height:1px; left:352.8px; top:193.8px; background-color:#000000; "> </div> <div style="position:absolute; width:9.9px; height:1px; left:447.2px; top:193.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:457.1px; top:193.8px; background-color:#000000; "> </div> <div style="position:absolute; width:86.4px; height:1px; left:457.7px; top:193.8px; background-color:#000000; "> </div> <div style="position:absolute; width:9.9px; height:1px; left:548.2px; top:193.8px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:558.1px; top:193.8px; background-color:#000000; "> </div> <div style="position:absolute; width:86.4px; height:1px; left:558.7px; top:193.8px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:340.1px; top:211.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:352.1px; top:211.5px; background-color:#000000; "> </div> <div style="position:absolute; width:86.4px; height:1px; left:352.8px; top:211.5px; background-color:#000000; "> </div> <div style="position:absolute; width:9.9px; height:1px; left:447.2px; top:211.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:457.1px; top:211.5px; background-color:#000000; "> </div> <div style="position:absolute; width:86.4px; height:1px; left:457.7px; top:211.5px; background-color:#000000; "> </div> <div style="position:absolute; width:9.9px; height:1px; left:548.2px; top:211.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:558.1px; top:211.5px; background-color:#000000; "> </div> <div style="position:absolute; width:86.4px; height:1px; left:558.7px; top:211.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:340.1px; top:344.9px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:352.1px; top:344.9px; background-color:#000000; "> </div> <div style="position:absolute; width:86.4px; height:1px; left:352.8px; top:344.9px; background-color:#000000; "> </div> <div style="position:absolute; width:9.9px; height:1px; left:447.2px; top:344.9px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:457.1px; top:344.9px; background-color:#000000; "> </div> <div style="position:absolute; width:86.4px; height:1px; left:457.7px; top:344.9px; background-color:#000000; "> </div> <div style="position:absolute; width:9.9px; height:1px; left:548.2px; top:344.9px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:558.1px; top:344.9px; background-color:#000000; "> </div> <div style="position:absolute; width:86.4px; height:1px; left:558.7px; top:344.9px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:340.1px; top:362.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:352.1px; top:362.5px; background-color:#000000; "> </div> <div style="position:absolute; width:86.4px; height:1px; left:352.8px; top:362.5px; background-color:#000000; "> </div> <div style="position:absolute; width:9.9px; height:1px; left:447.2px; top:362.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:457.1px; top:362.5px; background-color:#000000; "> </div> <div style="position:absolute; width:86.4px; height:1px; left:457.7px; top:362.5px; background-color:#000000; "> </div> <div style="position:absolute; width:9.9px; height:1px; left:548.2px; top:362.5px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:558.1px; top:362.5px; background-color:#000000; "> </div> <div style="position:absolute; width:86.4px; height:1px; left:558.7px; top:362.5px; background-color:#000000; "> </div> <div style="position:absolute; width:12px; height:1px; left:340.1px; top:381.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:352.1px; top:381.2px; background-color:#000000; "> </div> <div style="position:absolute; width:84.2px; height:1px; left:355px; top:381.2px; background-color:#000000; "> </div> <div style="position:absolute; width:9.9px; height:1px; left:447.2px; top:381.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:457.1px; top:381.2px; background-color:#000000; "> </div> <div style="position:absolute; width:84.2px; height:1px; left:460px; top:381.2px; background-color:#000000; "> </div> <div style="position:absolute; width:9.9px; height:1px; left:548.2px; top:381.2px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:558.1px; top:381.2px; background-color:#000000; "> </div> <div style="position:absolute; width:84.2px; height:1px; left:561px; top:381.2px; background-color:#000000; "> </div> <div id="TextContainer2685" style="position:relative;width:654px;z-index:1;font-size:13.28px;"><div id="a48309" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:4px;top:61px;">(US$ thousands) </div><div id="a48313" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:376px;top:25px;">Foreign </div><div id="a48314" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:373px;top:37px;">currency </div><div id="a48315" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:369px;top:49px;">translation </div><div id="a48316" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:364px;top:61px;">adjustments </div><div id="a48321" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:464px;top:0px;">Net unrealized </div><div id="a48322" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:468px;top:12px;">gain on cash </div><div id="a48323" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:470px;top:25px;">flow hedge - </div><div id="a48326" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:462px;top:37px;">forward foreign </div><div id="a48327" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:478px;top:49px;">currency </div><div id="a48328" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:477px;top:61px;">contracts </div><div id="a48332" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:589px;top:61px;">Total </div><div id="a48334" style="position:absolute;font-family:'Arial';left:4px;top:76px;">Balance at December 31, 2023 </div><div id="a48337" style="position:absolute;font-family:'Arial';left:343px;top:76px;">$ </div><div id="a48339" style="position:absolute;font-family:'Arial';left:387px;top:76px;display:flex;">(89,927)</div><div id="a48343" style="position:absolute;font-family:'Arial';left:450px;top:76px;">$ </div><div id="a48345" style="position:absolute;font-family:'Arial';left:524px;top:76px;">—</div><div id="a48348" style="position:absolute;font-family:'Arial';left:551px;top:76px;">$ </div><div id="a48350" style="position:absolute;font-family:'Arial';left:593px;top:76px;display:flex;">(89,927)</div><div id="a48352" style="position:absolute;font-family:'Arial';font-style:italic;left:4px;top:93px;">Net current-period other comprehensive income (loss): </div><div id="a48366" style="position:absolute;font-family:'Arial';left:4px;top:112px;">Loss in other comprehensive income before </div><div id="a48367" style="position:absolute;font-family:'Arial';left:4px;top:127px;">reclassifications </div><div id="a48371" style="position:absolute;font-family:'Arial';left:387px;top:127px;display:flex;">(10,524)</div><div id="a48376" style="position:absolute;font-family:'Arial';left:524px;top:127px;">—</div><div id="a48380" style="position:absolute;font-family:'Arial';left:593px;top:127px;display:flex;">(10,524)</div><div id="a48382" style="position:absolute;font-family:'Arial';left:4px;top:146px;">Loss on long-term intra-entity foreign currency </div><div id="a48387" style="position:absolute;font-family:'Arial';left:4px;top:161px;">transactions </div><div id="a48391" style="position:absolute;font-family:'Arial';left:387px;top:161px;display:flex;">(37,109)</div><div id="a48396" style="position:absolute;font-family:'Arial';left:524px;top:161px;">—</div><div id="a48400" style="position:absolute;font-family:'Arial';left:593px;top:161px;display:flex;">(37,109)</div><div id="a48402" style="position:absolute;font-family:'Arial';left:4px;top:179px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>net current-period other comprehensive loss </div><div id="a48408" style="position:absolute;font-family:'Arial';left:387px;top:179px;display:flex;">(47,633)</div><div id="a48413" style="position:absolute;font-family:'Arial';left:524px;top:179px;">—</div><div id="a48417" style="position:absolute;font-family:'Arial';left:593px;top:179px;display:flex;">(47,633)</div><div id="a48419" style="position:absolute;font-family:'Arial';left:4px;top:196px;">Balance at December 31, 2024 </div><div id="a48423" style="position:absolute;font-family:'Arial';left:380px;top:196px;display:flex;">(137,560)</div><div id="a48428" style="position:absolute;font-family:'Arial';left:524px;top:196px;">—</div><div id="a48432" style="position:absolute;font-family:'Arial';left:586px;top:196px;display:flex;">(137,560)</div><div id="a48434" style="position:absolute;font-family:'Arial';font-style:italic;left:4px;top:214px;">Net current-period other comprehensive income (loss): </div><div id="a48448" style="position:absolute;font-family:'Arial';left:4px;top:233px;">(Loss) gain in other comprehensive income before </div><div id="a48449" style="position:absolute;font-family:'Arial';left:4px;top:248px;">reclassifications </div><div id="a48453" style="position:absolute;font-family:'Arial';left:387px;top:248px;display:flex;">(13,909)</div><div id="a48458" style="position:absolute;font-family:'Arial';left:504px;top:248px;">3,683</div><div id="a48462" style="position:absolute;font-family:'Arial';left:593px;top:248px;display:flex;">(10,226)</div><div id="a48464" style="position:absolute;font-family:'Arial';left:4px;top:263px;">Gain on long-term intra-entity foreign currency </div><div id="a48469" style="position:absolute;font-family:'Arial';left:4px;top:279px;">transactions </div><div id="a48473" style="position:absolute;font-family:'Arial';left:392px;top:279px;">28,546</div><div id="a48478" style="position:absolute;font-family:'Arial';left:524px;top:279px;">—</div><div id="a48482" style="position:absolute;font-family:'Arial';left:598px;top:279px;">28,546</div><div id="a48484" style="position:absolute;font-family:'Arial';left:4px;top:297px;">Gain reclassified from accumulated other </div><div id="a48485" style="position:absolute;font-family:'Arial';left:4px;top:313px;">comprehensive losses </div><div id="a48489" style="position:absolute;font-family:'Arial';left:419px;top:313px;">—</div><div id="a48494" style="position:absolute;font-family:'Arial';left:499px;top:313px;display:flex;">(1,204)</div><div id="a48498" style="position:absolute;font-family:'Arial';left:600px;top:313px;display:flex;">(1,204)</div><div id="a48500" style="position:absolute;font-family:'Arial';left:4px;top:330px;">Tax<div style="display:inline-block;width:5px;white-space:pre"> </div>effects </div><div id="a48504" style="position:absolute;font-family:'Arial';left:419px;top:330px;">—</div><div id="a48509" style="position:absolute;font-family:'Arial';left:524px;top:330px;">—</div><div id="a48513" style="position:absolute;font-family:'Arial';left:625px;top:330px;">—</div><div id="a48515" style="position:absolute;font-family:'Arial';left:4px;top:347px;">Total<div style="display:inline-block;width:5px;white-space:pre"> </div>net current-period other comprehensive losses </div><div id="a48521" style="position:absolute;font-family:'Arial';left:392px;top:347px;">14,637</div><div id="a48526" style="position:absolute;font-family:'Arial';left:504px;top:347px;">2,479</div><div id="a48530" style="position:absolute;font-family:'Arial';left:598px;top:347px;">17,116</div><div id="a48532" style="position:absolute;font-family:'Arial';left:4px;top:366px;">Balance at December 31, 2025 </div><div id="a48535" style="position:absolute;font-family:'Arial';left:343px;top:366px;">$ </div><div id="a48537" style="position:absolute;font-family:'Arial';left:380px;top:366px;display:flex;">(122,923)</div><div id="a48541" style="position:absolute;font-family:'Arial';left:450px;top:366px;">$ </div><div id="a48543" style="position:absolute;font-family:'Arial';left:504px;top:366px;">2,479</div><div id="a48546" style="position:absolute;font-family:'Arial';left:551px;top:366px;">$ </div><div id="a48548" style="position:absolute;font-family:'Arial';left:586px;top:366px;display:flex;">(120,444)</div></div></div> -89927000 0 -89927000 -10524000 0 -10524000 -37109000 0 -37109000 -47633000 0 -47633000 -137560000 0 -137560000 -13909000 3683000 -10226000 28546000 0 28546000 0 1204000 1204000 0 0 0 14637000 2479000 17116000 -122923000 2479000 -120444000 <div id="TextBlockContainer2690" style="position:relative;line-height:normal;width:676px;height:89px;"><div id="TextContainer2690" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a48574" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">23. Commitments </div><div id="a48576" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:9px;top:29px;">(a)<div style="display:inline-block;width:8px;white-space:pre"> </div>Mineral Leases </div><div id="a48580" style="position:absolute;font-family:'Arial';left:5px;top:57px;">The<div style="display:inline-block;width:5px;white-space:pre"> </div>Company<div style="display:inline-block;width:6px;white-space:pre"> </div>leases<div style="display:inline-block;width:5px;white-space:pre"> </div>mineral<div style="display:inline-block;width:5px;white-space:pre"> </div>interests<div style="display:inline-block;width:5px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>surface<div style="display:inline-block;width:6px;white-space:pre"> </div>rights<div style="display:inline-block;width:5px;white-space:pre"> </div>from<div style="display:inline-block;width:5px;white-space:pre"> </div>land<div style="display:inline-block;width:5px;white-space:pre"> </div>owners<div style="display:inline-block;width:5px;white-space:pre"> </div>under<div style="display:inline-block;width:6px;white-space:pre"> </div>various<div style="display:inline-block;width:5px;white-space:pre"> </div>terms<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>royalty </div><div id="a48583" style="position:absolute;font-family:'Arial';left:5px;top:73px;">rates. The future minimum royalties under these leases<div style="display:inline-block;width:5px;white-space:pre"> </div>are as follows:</div></div></div><div id="TextBlockContainer2696" style="position:relative;line-height:normal;width:674px;height:208px;"><div id="div_2693_XBRL_TS_8d50ee4328b449f6a499340d50ea9f03" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer2694" style="position:relative;line-height:normal;width:674px;height:208px;"><div style="position:absolute; width:440.1px; height:1px; left:4px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:444.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:11.4px; height:1px; left:444.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:456.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:99.4px; height:1px; left:456.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:14.9px; height:1px; left:562.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:577.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:84.5px; height:1px; left:577.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:14.9px; height:1px; left:562.2px; top:134px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:577.1px; top:134px; background-color:#000000; "> </div> <div style="position:absolute; width:84.5px; height:1px; left:577.7px; top:134px; background-color:#000000; "> </div> <div style="position:absolute; width:14.9px; height:1px; left:562.2px; top:152.7px; background-color:#000000; "> </div> <div style="position:absolute; width:14.9px; height:1px; left:562.2px; top:154.7px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:577.1px; top:152.7px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:577.1px; top:154.7px; background-color:#000000; "> </div> <div style="position:absolute; width:82.2px; height:1px; left:580px; top:152.7px; background-color:#000000; "> </div> <div style="position:absolute; width:82.2px; height:1px; left:580px; top:154.7px; background-color:#000000; "> </div> <div id="TextContainer2694" style="position:relative;width:674px;z-index:1;font-size:13.28px;"><div id="a48585" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:7px;top:0px;">(US$ thousands) </div><div id="a48591" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:599px;top:0px;">Amount </div><div id="a48593" style="position:absolute;font-family:'Arial';left:7px;top:15px;">Year ending<div style="display:inline-block;width:5px;white-space:pre"> </div>December 31, </div><div id="a48600" style="position:absolute;font-family:'Arial';left:16px;top:32px;">2026 </div><div id="a48605" style="position:absolute;font-family:'Arial';left:567px;top:32px;">$ </div><div id="a48607" style="position:absolute;font-family:'Arial';left:622px;top:32px;">3,992</div><div id="a48609" style="position:absolute;font-family:'Arial';left:16px;top:50px;">2027 </div><div id="a48615" style="position:absolute;font-family:'Arial';left:622px;top:50px;">3,589</div><div id="a48617" style="position:absolute;font-family:'Arial';left:16px;top:67px;">2028 </div><div id="a48623" style="position:absolute;font-family:'Arial';left:622px;top:67px;">3,558</div><div id="a48625" style="position:absolute;font-family:'Arial';left:16px;top:84px;">2029 </div><div id="a48631" style="position:absolute;font-family:'Arial';left:622px;top:84px;">3,551</div><div id="a48633" style="position:absolute;font-family:'Arial';left:16px;top:102px;">2030 </div><div id="a48639" style="position:absolute;font-family:'Arial';left:622px;top:102px;">6,200</div><div id="a48641" style="position:absolute;font-family:'Arial';left:16px;top:119px;">Thereafter </div><div id="a48647" style="position:absolute;font-family:'Arial';left:615px;top:119px;">18,219</div><div id="a48649" style="position:absolute;font-family:'Arial';left:25px;top:138px;">Total </div><div id="a48654" style="position:absolute;font-family:'Arial';left:567px;top:138px;">$ </div><div id="a48656" style="position:absolute;font-family:'Arial';left:615px;top:138px;">39,109</div><div id="a48664" style="position:absolute;font-family:'Arial';left:7px;top:176px;">Mineral leases are not in scope of ASC 842 and continue to<div style="display:inline-block;width:5px;white-space:pre"> </div>be accounted for under the guidance in ASC 932, </div><div id="a48665" style="position:absolute;font-family:'Arial';left:7px;top:191px;">Extractive Activities – Mining.</div></div></div></div></div><div id="TextBlockContainer2699" style="position:relative;line-height:normal;width:680px;height:166px;"><div id="TextContainer2699" style="position:relative;width:680px;z-index:1;font-size:13.28px;"><div id="a48676_4_18" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:29px;top:0px;">Other commitments </div><div id="a48680" style="position:absolute;font-family:'Arial';left:5px;top:29px;">As of December 31, 2025, purchase<div style="display:inline-block;width:5px;white-space:pre"> </div>commitments for capital expenditures<div style="display:inline-block;width:5px;white-space:pre"> </div>were $</div><div id="a48680_77_3" style="position:absolute;font-family:'Arial';left:488px;top:29px;">7.8</div><div id="a48680_80_31" style="position:absolute;font-family:'Arial';left:506px;top:29px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million, all of which will be </div><div id="a48686" style="position:absolute;font-family:'Arial';left:5px;top:44px;">payable within the next 12 months. </div><div id="a48690" style="position:absolute;font-family:'Arial';left:5px;top:73px;">In Australia, the<div style="display:inline-block;width:2px;white-space:pre"> </div>Company has generally<div style="display:inline-block;width:2px;white-space:pre"> </div>secured the ability<div style="display:inline-block;width:2px;white-space:pre"> </div>to transport coal<div style="display:inline-block;width:2px;white-space:pre"> </div>through rail contracts<div style="display:inline-block;width:2px;white-space:pre"> </div>and coal export </div><div id="a48691" style="position:absolute;font-family:'Arial';left:5px;top:88px;">terminal contracts that are primarily funded<div style="display:inline-block;width:2px;white-space:pre"> </div>through take-or-pay arrangements with terms ranging up to </div><div id="a48691_103_8" style="position:absolute;font-family:'Arial';left:608px;top:88px;">10 years</div><div id="a48691_111_3" style="position:absolute;font-family:'Arial';left:659px;top:88px;">.<div style="display:inline-block;width:7px;white-space:pre"> </div></div><div id="a48699" style="position:absolute;font-family:'Arial';left:5px;top:103px;">In the U.S., the Company typically<div style="display:inline-block;width:5px;white-space:pre"> </div>negotiates its rail and coal terminal<div style="display:inline-block;width:5px;white-space:pre"> </div>on an annual basis.<div style="display:inline-block;width:9px;white-space:pre"> </div>As of December 31, </div><div id="a48700" style="position:absolute;font-family:'Arial';left:5px;top:119px;">2025, these Australian<div style="display:inline-block;width:5px;white-space:pre"> </div>and U.S. commitments<div style="display:inline-block;width:6px;white-space:pre"> </div>under take-or-pay<div style="display:inline-block;width:5px;white-space:pre"> </div>arrangements totaled<div style="display:inline-block;width:5px;white-space:pre"> </div>$</div><div id="a48700_84_5" style="position:absolute;font-family:'Arial';left:531px;top:119px;">618.3</div><div id="a48700_89_19" style="position:absolute;font-family:'Arial';left:564px;top:119px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million, of which </div><div id="a48709" style="position:absolute;font-family:'Arial';left:5px;top:134px;">$</div><div id="a48709_1_4" style="position:absolute;font-family:'Arial';left:12px;top:134px;">98.8</div><div id="a48709_5_48" style="position:absolute;font-family:'Arial';left:38px;top:134px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million will be payable within the next year,<div style="display:inline-block;width:5px;white-space:pre"> </div>$</div><div id="a48709_53_5" style="position:absolute;font-family:'Arial';left:304px;top:134px;">201.5</div><div id="a48709_58_28" style="position:absolute;font-family:'Arial';left:337px;top:134px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million within 1-3 years, $</div><div id="a48709_86_5" style="position:absolute;font-family:'Arial';left:491px;top:134px;">210.0</div><div id="a48709_91_26" style="position:absolute;font-family:'Arial';left:524px;top:134px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million within 3-5 years </div><div id="a48719" style="position:absolute;font-family:'Arial';left:5px;top:149px;">and $</div><div id="a48719_5_5" style="position:absolute;font-family:'Arial';left:38px;top:149px;">108.1</div><div id="a48719_10_20" style="position:absolute;font-family:'Arial';left:71px;top:149px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million thereafter.</div></div></div> <div id="TextBlockContainer2694" style="position:relative;line-height:normal;width:674px;height:208px;"><div style="position:absolute; width:440.1px; height:1px; left:4px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:444.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:11.4px; height:1px; left:444.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:456.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:99.4px; height:1px; left:456.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:14.9px; height:1px; left:562.2px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:1px; height:1px; left:577.1px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:84.5px; height:1px; left:577.7px; top:12.1px; background-color:#407EC9; "> </div> <div style="position:absolute; width:14.9px; height:1px; left:562.2px; top:134px; background-color:#000000; "> </div> <div style="position:absolute; width:1px; height:1px; left:577.1px; top:134px; background-color:#000000; "> </div> <div style="position:absolute; width:84.5px; height:1px; left:577.7px; top:134px; background-color:#000000; "> </div> <div style="position:absolute; width:14.9px; height:1px; left:562.2px; top:152.7px; background-color:#000000; "> </div> <div style="position:absolute; width:14.9px; height:1px; left:562.2px; top:154.7px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:577.1px; top:152.7px; background-color:#000000; "> </div> <div style="position:absolute; width:2.9px; height:1px; left:577.1px; top:154.7px; background-color:#000000; "> </div> <div style="position:absolute; width:82.2px; height:1px; left:580px; top:152.7px; background-color:#000000; "> </div> <div style="position:absolute; width:82.2px; height:1px; left:580px; top:154.7px; background-color:#000000; "> </div> <div id="TextContainer2694" style="position:relative;width:674px;z-index:1;font-size:13.28px;"><div id="a48585" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:7px;top:0px;">(US$ thousands) </div><div id="a48591" style="position:absolute;font-family:'Arial';font-size:10.72px;font-weight:bold;color:#407EC9;left:599px;top:0px;">Amount </div><div id="a48593" style="position:absolute;font-family:'Arial';left:7px;top:15px;">Year ending<div style="display:inline-block;width:5px;white-space:pre"> </div>December 31, </div><div id="a48600" style="position:absolute;font-family:'Arial';left:16px;top:32px;">2026 </div><div id="a48605" style="position:absolute;font-family:'Arial';left:567px;top:32px;">$ </div><div id="a48607" style="position:absolute;font-family:'Arial';left:622px;top:32px;">3,992</div><div id="a48609" style="position:absolute;font-family:'Arial';left:16px;top:50px;">2027 </div><div id="a48615" style="position:absolute;font-family:'Arial';left:622px;top:50px;">3,589</div><div id="a48617" style="position:absolute;font-family:'Arial';left:16px;top:67px;">2028 </div><div id="a48623" style="position:absolute;font-family:'Arial';left:622px;top:67px;">3,558</div><div id="a48625" style="position:absolute;font-family:'Arial';left:16px;top:84px;">2029 </div><div id="a48631" style="position:absolute;font-family:'Arial';left:622px;top:84px;">3,551</div><div id="a48633" style="position:absolute;font-family:'Arial';left:16px;top:102px;">2030 </div><div id="a48639" style="position:absolute;font-family:'Arial';left:622px;top:102px;">6,200</div><div id="a48641" style="position:absolute;font-family:'Arial';left:16px;top:119px;">Thereafter </div><div id="a48647" style="position:absolute;font-family:'Arial';left:615px;top:119px;">18,219</div><div id="a48649" style="position:absolute;font-family:'Arial';left:25px;top:138px;">Total </div><div id="a48654" style="position:absolute;font-family:'Arial';left:567px;top:138px;">$ </div><div id="a48656" style="position:absolute;font-family:'Arial';left:615px;top:138px;">39,109</div><div id="a48664" style="position:absolute;font-family:'Arial';left:7px;top:176px;">Mineral leases are not in scope of ASC 842 and continue to<div style="display:inline-block;width:5px;white-space:pre"> </div>be accounted for under the guidance in ASC 932, </div><div id="a48665" style="position:absolute;font-family:'Arial';left:7px;top:191px;">Extractive Activities – Mining.</div></div></div> 3992000 3589000 3558000 3551000 6200000 18219000 39109000 7800000 P10Y 618300000 98800000 201500000 210000000.0 108100000 <div id="TextBlockContainer2702" style="position:relative;line-height:normal;width:676px;height:430px;"><div id="TextContainer2702" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a48722" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:5px;top:0px;">24. Contingencies </div><div id="a48726" style="position:absolute;font-family:'Arial';font-style:italic;left:5px;top:29px;">Surety bond, letters of credit and bank guarantees </div><div id="a48728" style="position:absolute;font-family:'Arial';left:5px;top:57px;">In the<div style="display:inline-block;width:5px;white-space:pre"> </div>normal course<div style="display:inline-block;width:6px;white-space:pre"> </div>of business,<div style="display:inline-block;width:6px;white-space:pre"> </div>the Company<div style="display:inline-block;width:5px;white-space:pre"> </div>is a<div style="display:inline-block;width:5px;white-space:pre"> </div>party to<div style="display:inline-block;width:5px;white-space:pre"> </div>certain guarantees<div style="display:inline-block;width:6px;white-space:pre"> </div>and financial<div style="display:inline-block;width:5px;white-space:pre"> </div>instruments with </div><div id="a48729" style="position:absolute;font-family:'Arial';left:5px;top:73px;">off-balance sheet risk, such as bank<div style="display:inline-block;width:5px;white-space:pre"> </div>guarantees, letters of credit and performance<div style="display:inline-block;width:5px;white-space:pre"> </div>or surety bonds. </div><div id="a48729_100_2" style="position:absolute;font-family:'Arial';left:591px;top:73px;">No</div><div id="a48729_102_13" style="position:absolute;font-family:'Arial';left:608px;top:73px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>liabilities </div><div id="a48734" style="position:absolute;font-family:'Arial';left:5px;top:88px;">related to these arrangements are reflected in the Company’s Consolidated Balance Sheets.<div style="display:inline-block;width:5px;white-space:pre"> </div>Management does </div><div id="a48735" style="position:absolute;font-family:'Arial';left:5px;top:103px;">not expect any material losses to result from these guarantees<div style="display:inline-block;width:5px;white-space:pre"> </div>or off-balance sheet financial instruments. </div><div id="a48740" style="position:absolute;font-family:'Arial';left:5px;top:132px;">For<div style="display:inline-block;width:5px;white-space:pre"> </div>the U.S.<div style="display:inline-block;width:6px;white-space:pre"> </div>Operations,<div style="display:inline-block;width:5px;white-space:pre"> </div>in<div style="display:inline-block;width:5px;white-space:pre"> </div>order to<div style="display:inline-block;width:6px;white-space:pre"> </div>provide<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>required<div style="display:inline-block;width:5px;white-space:pre"> </div>financial<div style="display:inline-block;width:5px;white-space:pre"> </div>assurance<div style="display:inline-block;width:5px;white-space:pre"> </div>for<div style="display:inline-block;width:5px;white-space:pre"> </div>post-mining<div style="display:inline-block;width:5px;white-space:pre"> </div>reclamation,<div style="display:inline-block;width:5px;white-space:pre"> </div>the </div><div id="a48749" style="position:absolute;font-family:'Arial';left:5px;top:147px;">Company generally uses<div style="display:inline-block;width:2px;white-space:pre"> </div>surety bonds. The<div style="display:inline-block;width:2px;white-space:pre"> </div>Company uses surety<div style="display:inline-block;width:2px;white-space:pre"> </div>bonds and bank<div style="display:inline-block;width:2px;white-space:pre"> </div>letters of credit<div style="display:inline-block;width:2px;white-space:pre"> </div>to collateralize </div><div id="a48752" style="position:absolute;font-family:'Arial';left:5px;top:163px;">certain<div style="display:inline-block;width:8px;white-space:pre"> </div>other<div style="display:inline-block;width:8px;white-space:pre"> </div>obligations<div style="display:inline-block;width:8px;white-space:pre"> </div>including<div style="display:inline-block;width:8px;white-space:pre"> </div>contractual<div style="display:inline-block;width:8px;white-space:pre"> </div>obligations<div style="display:inline-block;width:8px;white-space:pre"> </div>under<div style="display:inline-block;width:8px;white-space:pre"> </div>workers’<div style="display:inline-block;width:8px;white-space:pre"> </div>compensation<div style="display:inline-block;width:8px;white-space:pre"> </div>insurance.<div style="display:inline-block;width:8px;white-space:pre"> </div>As<div style="display:inline-block;width:8px;white-space:pre"> </div>of </div><div id="a48756" style="position:absolute;font-family:'Arial';left:5px;top:178px;">December<div style="display:inline-block;width:8px;white-space:pre"> </div>31,<div style="display:inline-block;width:7px;white-space:pre"> </div>2025,<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:8px;white-space:pre"> </div>Company<div style="display:inline-block;width:7px;white-space:pre"> </div>had<div style="display:inline-block;width:7px;white-space:pre"> </div>outstanding<div style="display:inline-block;width:8px;white-space:pre"> </div>surety<div style="display:inline-block;width:8px;white-space:pre"> </div>bonds<div style="display:inline-block;width:7px;white-space:pre"> </div>of<div style="display:inline-block;width:7px;white-space:pre"> </div>$</div><div id="a48756_64_4" style="position:absolute;font-family:'Arial';left:449px;top:178px;">20.0</div><div id="a48756_68_30" style="position:absolute;font-family:'Arial';left:475px;top:178px;"><div style="display:inline-block;width:8px;white-space:pre"> </div>million<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>outstanding<div style="display:inline-block;width:8px;white-space:pre"> </div>bank </div><div id="a48762" style="position:absolute;font-family:'Arial';left:5px;top:193px;">guarantees of $</div><div id="a48762_15_4" style="position:absolute;font-family:'Arial';left:98px;top:193px;">10.0</div><div id="a48762_19_10" style="position:absolute;font-family:'Arial';left:123px;top:193px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million. </div><div id="a48764" style="position:absolute;font-family:'Arial';left:5px;top:222px;">For<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>Australian<div style="display:inline-block;width:5px;white-space:pre"> </div>Operations,<div style="display:inline-block;width:6px;white-space:pre"> </div>as<div style="display:inline-block;width:5px;white-space:pre"> </div>at<div style="display:inline-block;width:5px;white-space:pre"> </div>December<div style="display:inline-block;width:5px;white-space:pre"> </div>31,<div style="display:inline-block;width:5px;white-space:pre"> </div>2025,<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company<div style="display:inline-block;width:6px;white-space:pre"> </div>had<div style="display:inline-block;width:5px;white-space:pre"> </div>bank<div style="display:inline-block;width:5px;white-space:pre"> </div>guarantees<div style="display:inline-block;width:6px;white-space:pre"> </div>outstanding<div style="display:inline-block;width:6px;white-space:pre"> </div>of </div><div id="a48769" style="position:absolute;font-family:'Arial';left:5px;top:237px;">$</div><div id="a48769_1_4" style="position:absolute;font-family:'Arial';left:12px;top:237px;">35.7</div><div id="a48769_5_98" style="position:absolute;font-family:'Arial';left:38px;top:237px;"><div style="display:inline-block;width:4px;white-space:pre"> </div>million, primarily in respect of certain rail and port take-or-pay<div style="display:inline-block;width:5px;white-space:pre"> </div>arrangements of the Company.<div style="display:inline-block;width:6px;white-space:pre"> </div></div><div id="a48782" style="position:absolute;font-family:'Arial';left:5px;top:266px;">As of December 31, 2025, the Company, in aggregate, had total outstanding bank guarantees of $</div><div id="a48782_94_4" style="position:absolute;font-family:'Arial';left:581px;top:266px;">45.7</div><div id="a48782_98_12" style="position:absolute;font-family:'Arial';left:607px;top:266px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>million to </div><div id="a48785" style="position:absolute;font-family:'Arial';left:5px;top:281px;">secure its obligations and commitments.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a48787" style="position:absolute;font-family:'Arial';left:5px;top:310px;">Future regulatory changes relating to the above obligations could result in<div style="display:inline-block;width:2px;white-space:pre"> </div>increased obligations, additional costs </div><div id="a48793" style="position:absolute;font-family:'Arial';left:5px;top:325px;">or additional collateral requirements. </div><div id="a48795" style="position:absolute;font-family:'Arial';font-style:italic;left:5px;top:354px;">Restricted deposits – cash collateral </div><div id="a48800" style="position:absolute;font-family:'Arial';left:5px;top:383px;">As required by<div style="display:inline-block;width:2px;white-space:pre"> </div>certain agreements, the<div style="display:inline-block;width:2px;white-space:pre"> </div>Company had total<div style="display:inline-block;width:2px;white-space:pre"> </div>cash collateral in<div style="display:inline-block;width:2px;white-space:pre"> </div>the form of<div style="display:inline-block;width:2px;white-space:pre"> </div>deposits of $</div><div id="a48800_101_5" style="position:absolute;font-family:'Arial';left:588px;top:383px;">141.7</div><div id="a48800_106_9" style="position:absolute;font-family:'Arial';left:622px;top:383px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>million </div><div id="a48810" style="position:absolute;font-family:'Arial';left:5px;top:398px;">and $</div><div id="a48810_5_4" style="position:absolute;font-family:'Arial';left:40px;top:398px;">68.5</div><div id="a48810_9_98" style="position:absolute;font-family:'Arial';left:65px;top:398px;"><div style="display:inline-block;width:5px;white-space:pre"> </div>million<div style="display:inline-block;width:5px;white-space:pre"> </div>as of<div style="display:inline-block;width:6px;white-space:pre"> </div>December<div style="display:inline-block;width:5px;white-space:pre"> </div>31,<div style="display:inline-block;width:5px;white-space:pre"> </div>2025<div style="display:inline-block;width:5px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>2024, respectively,<div style="display:inline-block;width:8px;white-space:pre"> </div>to<div style="display:inline-block;width:5px;white-space:pre"> </div>provide<div style="display:inline-block;width:5px;white-space:pre"> </div>back-to-back<div style="display:inline-block;width:5px;white-space:pre"> </div>support for<div style="display:inline-block;width:6px;white-space:pre"> </div>bank </div><div id="a48818" style="position:absolute;font-family:'Arial';left:5px;top:413px;">guarantees,<div style="display:inline-block;width:7px;white-space:pre"> </div>other<div style="display:inline-block;width:7px;white-space:pre"> </div>performance<div style="display:inline-block;width:7px;white-space:pre"> </div>obligations,<div style="display:inline-block;width:7px;white-space:pre"> </div>various<div style="display:inline-block;width:7px;white-space:pre"> </div>other<div style="display:inline-block;width:6px;white-space:pre"> </div>operating<div style="display:inline-block;width:7px;white-space:pre"> </div>agreements<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>contractual<div style="display:inline-block;width:7px;white-space:pre"> </div>obligations </div></div></div><div id="TextBlockContainer2705" style="position:relative;line-height:normal;width:676px;height:449px;"><div id="TextContainer2705" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a48833" style="position:absolute;font-family:'Arial';left:5px;top:0px;">under workers’ compensation insurance. These<div style="display:inline-block;width:5px;white-space:pre"> </div>deposits are restricted and classified<div style="display:inline-block;width:5px;white-space:pre"> </div>as “Non-current” assets in </div><div id="a48841" style="position:absolute;font-family:'Arial';left:5px;top:15px;">the Consolidated Balance Sheets. </div><div id="a48843" style="position:absolute;font-family:'Arial';left:5px;top:44px;">Future regulatory<div style="display:inline-block;width:6px;white-space:pre"> </div>changes in<div style="display:inline-block;width:6px;white-space:pre"> </div>relation to<div style="display:inline-block;width:6px;white-space:pre"> </div>these obligations<div style="display:inline-block;width:6px;white-space:pre"> </div>or deterioration<div style="display:inline-block;width:6px;white-space:pre"> </div>of the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company’s credit<div style="display:inline-block;width:6px;white-space:pre"> </div>rating could </div><div id="a48844" style="position:absolute;font-family:'Arial';left:5px;top:59px;">result in increased obligations, additional costs or additional<div style="display:inline-block;width:5px;white-space:pre"> </div>collateral requirements.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a48846" style="position:absolute;font-family:'Arial';font-style:italic;left:5px;top:88px;">Stanwell Contingent Liability </div><div id="a48848" style="position:absolute;font-family:'Arial';left:5px;top:117px;">On November<div style="display:inline-block;width:5px;white-space:pre"> </div>27, 2025,<div style="display:inline-block;width:5px;white-space:pre"> </div>the Company<div style="display:inline-block;width:5px;white-space:pre"> </div>and Stanwell<div style="display:inline-block;width:5px;white-space:pre"> </div>entered into<div style="display:inline-block;width:5px;white-space:pre"> </div>the Second<div style="display:inline-block;width:5px;white-space:pre"> </div>Amendment Deed<div style="display:inline-block;width:5px;white-space:pre"> </div>which, among </div><div id="a48849" style="position:absolute;font-family:'Arial';left:5px;top:132px;">other things, waived the rebate amounts that would have otherwise been payable under the ACSA from January </div><div id="a48857" style="position:absolute;font-family:'Arial';left:5px;top:147px;">1, 2026 until the final delivery date, which is expected to occur<div style="display:inline-block;width:5px;white-space:pre"> </div>in the first half of 2027.<div style="display:inline-block;width:4px;white-space:pre"> </div></div><div id="a48860" style="position:absolute;font-family:'Arial';left:5px;top:176px;">Pursuant<div style="display:inline-block;width:5px;white-space:pre"> </div>to the<div style="display:inline-block;width:6px;white-space:pre"> </div>terms<div style="display:inline-block;width:5px;white-space:pre"> </div>of the<div style="display:inline-block;width:6px;white-space:pre"> </div>Second<div style="display:inline-block;width:5px;white-space:pre"> </div>Amendment<div style="display:inline-block;width:5px;white-space:pre"> </div>Deed,<div style="display:inline-block;width:5px;white-space:pre"> </div>if a<div style="display:inline-block;width:6px;white-space:pre"> </div>change<div style="display:inline-block;width:5px;white-space:pre"> </div>of control<div style="display:inline-block;width:6px;white-space:pre"> </div>occurs<div style="display:inline-block;width:5px;white-space:pre"> </div>within </div><div id="a48860_89_9" style="position:absolute;font-family:'Arial';left:565px;top:176px;">two years</div><div id="a48860_98_8" style="position:absolute;font-family:'Arial';left:623px;top:176px;"><div style="display:inline-block;width:5px;white-space:pre"> </div>of the </div><div id="a48864" style="position:absolute;font-family:'Arial';left:5px;top:191px;">amendment date, the<div style="display:inline-block;width:2px;white-space:pre"> </div>Company must obtain<div style="display:inline-block;width:2px;white-space:pre"> </div>Stanwell’s prior consent and,<div style="display:inline-block;width:2px;white-space:pre"> </div>prior to<div style="display:inline-block;width:2px;white-space:pre"> </div>the change of<div style="display:inline-block;width:2px;white-space:pre"> </div>control occurring, </div><div id="a48865" style="position:absolute;font-family:'Arial';left:5px;top:207px;">pay<div style="display:inline-block;width:5px;white-space:pre"> </div>all<div style="display:inline-block;width:5px;white-space:pre"> </div>rebates<div style="display:inline-block;width:5px;white-space:pre"> </div>waived<div style="display:inline-block;width:6px;white-space:pre"> </div>plus<div style="display:inline-block;width:5px;white-space:pre"> </div>interest.<div style="display:inline-block;width:6px;white-space:pre"> </div>Additionally,<div style="display:inline-block;width:7px;white-space:pre"> </div>if<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company’s<div style="display:inline-block;width:6px;white-space:pre"> </div>current<div style="display:inline-block;width:5px;white-space:pre"> </div>controlling<div style="display:inline-block;width:6px;white-space:pre"> </div>shareholder<div style="display:inline-block;width:6px;white-space:pre"> </div>ceases<div style="display:inline-block;width:6px;white-space:pre"> </div>to </div><div id="a48866" style="position:absolute;font-family:'Arial';left:5px;top:222px;">control the Company by disposing of </div><div id="a48866_36_2" style="position:absolute;font-family:'Arial';left:225px;top:222px;">20</div><div id="a48866_38_70" style="position:absolute;font-family:'Arial';left:240px;top:222px;">% or more of its shares,<div style="display:inline-block;width:5px;white-space:pre"> </div>the Company must immediately pay all rebates </div><div id="a48868" style="position:absolute;font-family:'Arial';left:5px;top:237px;">waived by Stanwell plus interest.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a48870" style="position:absolute;font-family:'Arial';left:5px;top:266px;">The<div style="display:inline-block;width:6px;white-space:pre"> </div>potential<div style="display:inline-block;width:6px;white-space:pre"> </div>obligation<div style="display:inline-block;width:6px;white-space:pre"> </div>constitutes<div style="display:inline-block;width:6px;white-space:pre"> </div>a<div style="display:inline-block;width:6px;white-space:pre"> </div>contingent<div style="display:inline-block;width:6px;white-space:pre"> </div>liability.<div style="display:inline-block;width:7px;white-space:pre"> </div>However,<div style="display:inline-block;width:7px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>amount<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>such<div style="display:inline-block;width:6px;white-space:pre"> </div>liability<div style="display:inline-block;width:6px;white-space:pre"> </div>is<div style="display:inline-block;width:6px;white-space:pre"> </div>subject<div style="display:inline-block;width:6px;white-space:pre"> </div>to </div><div id="a48877" style="position:absolute;font-family:'Arial';left:5px;top:281px;">significant uncertainty due to its<div style="display:inline-block;width:2px;white-space:pre"> </div>dependence on prevailing coal market prices during<div style="display:inline-block;width:2px;white-space:pre"> </div>the waiver period and future </div><div id="a48880" style="position:absolute;font-family:'Arial';left:5px;top:297px;">coal<div style="display:inline-block;width:7px;white-space:pre"> </div>export<div style="display:inline-block;width:7px;white-space:pre"> </div>volumes.<div style="display:inline-block;width:7px;white-space:pre"> </div>Both<div style="display:inline-block;width:7px;white-space:pre"> </div>variables<div style="display:inline-block;width:7px;white-space:pre"> </div>are<div style="display:inline-block;width:7px;white-space:pre"> </div>inherently<div style="display:inline-block;width:7px;white-space:pre"> </div>volatile<div style="display:inline-block;width:7px;white-space:pre"> </div>and<div style="display:inline-block;width:7px;white-space:pre"> </div>influenced<div style="display:inline-block;width:7px;white-space:pre"> </div>by<div style="display:inline-block;width:7px;white-space:pre"> </div>external<div style="display:inline-block;width:7px;white-space:pre"> </div>factors<div style="display:inline-block;width:7px;white-space:pre"> </div>beyond<div style="display:inline-block;width:7px;white-space:pre"> </div>the </div><div id="a48881" style="position:absolute;font-family:'Arial';left:5px;top:312px;">Company’s control, including<div style="display:inline-block;width:2px;white-space:pre"> </div>commodity price<div style="display:inline-block;width:2px;white-space:pre"> </div>fluctuations, geopolitical developments,<div style="display:inline-block;width:2px;white-space:pre"> </div>and market<div style="display:inline-block;width:2px;white-space:pre"> </div>demand shifts. </div><div id="a48883" style="position:absolute;font-family:'Arial';left:5px;top:327px;">As a result, the Company does not believe it can reasonably<div style="display:inline-block;width:5px;white-space:pre"> </div>estimate the amount of the potential obligation. </div><div id="a48887" style="position:absolute;font-family:'Arial';left:5px;top:356px;">From<div style="display:inline-block;width:6px;white-space:pre"> </div>time<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>time,<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company<div style="display:inline-block;width:6px;white-space:pre"> </div>is<div style="display:inline-block;width:6px;white-space:pre"> </div>a<div style="display:inline-block;width:6px;white-space:pre"> </div>party<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>other<div style="display:inline-block;width:6px;white-space:pre"> </div>legal<div style="display:inline-block;width:6px;white-space:pre"> </div>proceedings<div style="display:inline-block;width:6px;white-space:pre"> </div>in<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>ordinary<div style="display:inline-block;width:6px;white-space:pre"> </div>course<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>business<div style="display:inline-block;width:6px;white-space:pre"> </div>in </div><div id="a48891" style="position:absolute;font-family:'Arial';left:5px;top:371px;">Australia, the<div style="display:inline-block;width:5px;white-space:pre"> </div>U.S. and<div style="display:inline-block;width:5px;white-space:pre"> </div>other countries<div style="display:inline-block;width:6px;white-space:pre"> </div>where the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company does<div style="display:inline-block;width:6px;white-space:pre"> </div>business.<div style="display:inline-block;width:9px;white-space:pre"> </div>Based on<div style="display:inline-block;width:5px;white-space:pre"> </div>current information,<div style="display:inline-block;width:6px;white-space:pre"> </div>the </div><div id="a48892" style="position:absolute;font-family:'Arial';left:5px;top:387px;">Company believes that such other pending<div style="display:inline-block;width:2px;white-space:pre"> </div>or threatened proceedings are likely to<div style="display:inline-block;width:2px;white-space:pre"> </div>be resolved without a material </div><div id="a48894" style="position:absolute;font-family:'Arial';left:5px;top:402px;">adverse<div style="display:inline-block;width:6px;white-space:pre"> </div>effect<div style="display:inline-block;width:6px;white-space:pre"> </div>on<div style="display:inline-block;width:6px;white-space:pre"> </div>its<div style="display:inline-block;width:6px;white-space:pre"> </div>financial<div style="display:inline-block;width:6px;white-space:pre"> </div>condition,<div style="display:inline-block;width:6px;white-space:pre"> </div>results<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>operations<div style="display:inline-block;width:6px;white-space:pre"> </div>or<div style="display:inline-block;width:6px;white-space:pre"> </div>cash<div style="display:inline-block;width:6px;white-space:pre"> </div>flows.<div style="display:inline-block;width:6px;white-space:pre"> </div>In<div style="display:inline-block;width:6px;white-space:pre"> </div>management’s<div style="display:inline-block;width:7px;white-space:pre"> </div>opinion,<div style="display:inline-block;width:6px;white-space:pre"> </div>the </div><div id="a48895" style="position:absolute;font-family:'Arial';left:5px;top:417px;">Company is not currently involved in any legal<div style="display:inline-block;width:5px;white-space:pre"> </div>proceedings which, individually or in the<div style="display:inline-block;width:5px;white-space:pre"> </div>aggregate,<div style="display:inline-block;width:4px;white-space:pre"> </div>could have a </div><div id="a48903" style="position:absolute;font-family:'Arial';left:5px;top:433px;">material effect on the financial condition, results of<div style="display:inline-block;width:5px;white-space:pre"> </div>operations and/or liquidity of the Company.</div></div></div> 0 20000000.0 10000000.0 35700000 45700000 141700000 68500000 P2Y 0.20 <div id="TextBlockContainer2708" style="position:relative;line-height:normal;width:678px;height:493px;"><div id="TextContainer2708" style="position:relative;width:678px;z-index:1;font-size:13.28px;"><div id="a48906_1_11" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:9px;top:0px;">25. Related</div><div id="a48908" style="position:absolute;font-family:'Cambria Math';font-weight:bold;color:#407EC9;left:79px;top:1px;">‑</div><div id="a48909" style="position:absolute;font-family:'Arial';font-weight:bold;color:#407EC9;left:84px;top:0px;">Party Transactions </div><div id="a48911" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:29px;">Coronado Group LLC </div><div id="a48915" style="position:absolute;font-family:'Arial';left:5px;top:60px;">Under<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Coronado<div style="display:inline-block;width:6px;white-space:pre"> </div>Group LLC<div style="display:inline-block;width:7px;white-space:pre"> </div>agreement<div style="display:inline-block;width:6px;white-space:pre"> </div>(as<div style="display:inline-block;width:7px;white-space:pre"> </div>amended,<div style="display:inline-block;width:6px;white-space:pre"> </div>effective<div style="display:inline-block;width:7px;white-space:pre"> </div>October 23,<div style="display:inline-block;width:7px;white-space:pre"> </div>2018), </div><div id="a48915_81_5" style="position:absolute;font-family:'Arial';left:545px;top:60px;">2,900</div><div id="a48915_86_12" style="position:absolute;font-family:'Arial';left:578px;top:60px;"><div style="display:inline-block;width:6px;white-space:pre"> </div>management </div><div id="a48920" style="position:absolute;font-family:'Arial';left:5px;top:75px;">incentive units were designated and authorized for issuance<div style="display:inline-block;width:2px;white-space:pre"> </div>to certain members of management to motivate and </div><div id="a48921" style="position:absolute;font-family:'Arial';left:5px;top:91px;">retain senior<div style="display:inline-block;width:5px;white-space:pre"> </div>management. The<div style="display:inline-block;width:6px;white-space:pre"> </div>incentive units<div style="display:inline-block;width:5px;white-space:pre"> </div>are intended<div style="display:inline-block;width:5px;white-space:pre"> </div>to allow<div style="display:inline-block;width:5px;white-space:pre"> </div>key members<div style="display:inline-block;width:6px;white-space:pre"> </div>of management<div style="display:inline-block;width:5px;white-space:pre"> </div>to share<div style="display:inline-block;width:5px;white-space:pre"> </div>in </div><div id="a48924" style="position:absolute;font-family:'Arial';left:5px;top:106px;">the profits<div style="display:inline-block;width:2px;white-space:pre"> </div>of the<div style="display:inline-block;width:2px;white-space:pre"> </div>Company after<div style="display:inline-block;width:2px;white-space:pre"> </div>certain returns<div style="display:inline-block;width:2px;white-space:pre"> </div>are achieved by<div style="display:inline-block;width:2px;white-space:pre"> </div>the equity<div style="display:inline-block;width:2px;white-space:pre"> </div>investors. The incentive<div style="display:inline-block;width:2px;white-space:pre"> </div>units constitute </div><div id="a48925" style="position:absolute;font-family:'Arial';left:5px;top:121px;">“profit interests” for the benefit of senior management in<div style="display:inline-block;width:5px;white-space:pre"> </div>consideration of services rendered and to be rendered.<div style="display:inline-block;width:5px;white-space:pre"> </div></div><div id="a48928" style="position:absolute;font-family:'Arial';left:5px;top:153px;">Coronado Coal LLC and Coronado II<div style="display:inline-block;width:5px;white-space:pre"> </div>LLC merged to form Coronado Group<div style="display:inline-block;width:5px;white-space:pre"> </div>LLC in July 2015. Coronado IV<div style="display:inline-block;width:5px;white-space:pre"> </div>LLC </div><div id="a48937" style="position:absolute;font-family:'Arial';left:5px;top:168px;">was<div style="display:inline-block;width:5px;white-space:pre"> </div>merged<div style="display:inline-block;width:5px;white-space:pre"> </div>into<div style="display:inline-block;width:5px;white-space:pre"> </div>Coronado<div style="display:inline-block;width:5px;white-space:pre"> </div>Group LLC,<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>Company’s<div style="display:inline-block;width:6px;white-space:pre"> </div>controlling<div style="display:inline-block;width:5px;white-space:pre"> </div>stockholder,<div style="display:inline-block;width:6px;white-space:pre"> </div>on<div style="display:inline-block;width:5px;white-space:pre"> </div>June 30,<div style="display:inline-block;width:5px;white-space:pre"> </div>2016.<div style="display:inline-block;width:5px;white-space:pre"> </div>Under<div style="display:inline-block;width:5px;white-space:pre"> </div>the </div><div id="a48942" style="position:absolute;font-family:'Arial';left:5px;top:183px;">updated formation agreement dated June 30, 2016, the </div><div id="a48942_53_5" style="position:absolute;font-family:'Arial';left:332px;top:183px;">2,500</div><div id="a48942_58_53" style="position:absolute;font-family:'Arial';left:365px;top:183px;"><div style="display:inline-block;width:3px;white-space:pre"> </div>units issued upon the initial formation<div style="display:inline-block;width:2px;white-space:pre"> </div>of Coronado </div><div id="a48949" style="position:absolute;font-family:'Arial';left:5px;top:199px;">Group LLC<div style="display:inline-block;width:6px;white-space:pre"> </div>were<div style="display:inline-block;width:5px;white-space:pre"> </div>replaced<div style="display:inline-block;width:6px;white-space:pre"> </div>by<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:5px;white-space:pre"> </div>new<div style="display:inline-block;width:6px;white-space:pre"> </div>incentive<div style="display:inline-block;width:6px;white-space:pre"> </div>units.<div style="display:inline-block;width:6px;white-space:pre"> </div>At<div style="display:inline-block;width:5px;white-space:pre"> </div>December<div style="display:inline-block;width:6px;white-space:pre"> </div>31,<div style="display:inline-block;width:5px;white-space:pre"> </div>2025<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>2024, </div><div id="a48949_83_5" style="position:absolute;font-family:'Arial';left:546px;top:199px;">2,900</div><div id="a48949_88_12" style="position:absolute;font-family:'Arial';left:579px;top:199px;"><div style="display:inline-block;width:5px;white-space:pre"> </div>management </div><div id="a48958" style="position:absolute;font-family:'Arial';left:5px;top:214px;">incentive units were outstanding. </div><div id="a48960" style="position:absolute;font-family:'Arial';left:5px;top:245px;">The incentive units are comprised of three<div style="display:inline-block;width:5px;white-space:pre"> </div>tiers, which entitle the holders to receive<div style="display:inline-block;width:5px;white-space:pre"> </div>distributions from Coronado </div><div id="a48961" style="position:absolute;font-family:'Arial';left:5px;top:261px;">Group LLC subordinate to the<div style="display:inline-block;width:5px;white-space:pre"> </div>distributions to be received<div style="display:inline-block;width:5px;white-space:pre"> </div>by its members. As<div style="display:inline-block;width:5px;white-space:pre"> </div>of December 31, 2025 and<div style="display:inline-block;width:5px;white-space:pre"> </div>2024, </div><div id="a48974" style="position:absolute;font-family:'Arial';left:5px;top:276px;">a portion of<div style="display:inline-block;width:2px;white-space:pre"> </div>the authorized units<div style="display:inline-block;width:2px;white-space:pre"> </div>had been allocated<div style="display:inline-block;width:2px;white-space:pre"> </div>to various members<div style="display:inline-block;width:2px;white-space:pre"> </div>of the<div style="display:inline-block;width:2px;white-space:pre"> </div>Company’s management including </div><div id="a48978" style="position:absolute;font-family:'Arial';left:5px;top:291px;">Mr. Garold Spindler,<div style="display:inline-block;width:5px;white-space:pre"> </div>our former CEO and current Executive Chair, who is also member of Coronado Group LLC. </div><div id="a48989" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:323px;">Stockholder’s Agreement and Registration Rights<div style="display:inline-block;width:5px;white-space:pre"> </div>and Sell-Down Agreement </div><div id="a48993" style="position:absolute;font-family:'Arial';left:5px;top:354px;">As of December 31,<div style="display:inline-block;width:2px;white-space:pre"> </div>2025, Coronado Group LLC had aggregate beneficial ownership<div style="display:inline-block;width:2px;white-space:pre"> </div>of </div><div id="a48993_82_4" style="position:absolute;font-family:'Arial';left:519px;top:354px;">50.4</div><div id="a48993_86_19" style="position:absolute;font-family:'Arial';left:545px;top:354px;">% of the Company’s </div><div id="a49001" style="position:absolute;font-family:'Arial';left:5px;top:369px;">shares.<div style="display:inline-block;width:8px;white-space:pre"> </div>On<div style="display:inline-block;width:8px;white-space:pre"> </div>September 24,<div style="display:inline-block;width:9px;white-space:pre"> </div>2018,<div style="display:inline-block;width:8px;white-space:pre"> </div>Coronado<div style="display:inline-block;width:8px;white-space:pre"> </div>Group LLC<div style="display:inline-block;width:9px;white-space:pre"> </div>and<div style="display:inline-block;width:8px;white-space:pre"> </div>the<div style="display:inline-block;width:8px;white-space:pre"> </div>Company<div style="display:inline-block;width:9px;white-space:pre"> </div>entered<div style="display:inline-block;width:9px;white-space:pre"> </div>into<div style="display:inline-block;width:8px;white-space:pre"> </div>a<div style="display:inline-block;width:8px;white-space:pre"> </div>Stockholder’s </div><div id="a49007" style="position:absolute;font-family:'Arial';left:5px;top:385px;">Agreement<div style="display:inline-block;width:8px;white-space:pre"> </div>and<div style="display:inline-block;width:8px;white-space:pre"> </div>a<div style="display:inline-block;width:8px;white-space:pre"> </div>Registration<div style="display:inline-block;width:8px;white-space:pre"> </div>Rights<div style="display:inline-block;width:8px;white-space:pre"> </div>and<div style="display:inline-block;width:8px;white-space:pre"> </div>Sell-Down<div style="display:inline-block;width:8px;white-space:pre"> </div>Agreement<div style="display:inline-block;width:8px;white-space:pre"> </div>which<div style="display:inline-block;width:8px;white-space:pre"> </div>govern<div style="display:inline-block;width:8px;white-space:pre"> </div>the<div style="display:inline-block;width:8px;white-space:pre"> </div>relationship<div style="display:inline-block;width:8px;white-space:pre"> </div>between </div><div id="a49010" style="position:absolute;font-family:'Arial';left:5px;top:400px;">Coronado Group LLC and the Company<div style="display:inline-block;width:5px;white-space:pre"> </div>for so long as the funds managed<div style="display:inline-block;width:5px;white-space:pre"> </div>by The Energy &amp; Minerals Group,<div style="display:inline-block;width:5px;white-space:pre"> </div>or </div><div id="a49016" style="position:absolute;font-family:'Arial';left:5px;top:415px;">EMG Group, beneficially<div style="display:inline-block;width:2px;white-space:pre"> </div>own in the<div style="display:inline-block;width:2px;white-space:pre"> </div>aggregate at least </div><div id="a49016_54_2" style="position:absolute;font-family:'Arial';left:322px;top:415px;">50</div><div id="a49016_56_55" style="position:absolute;font-family:'Arial';left:337px;top:415px;">% of our<div style="display:inline-block;width:2px;white-space:pre"> </div>outstanding shares of<div style="display:inline-block;width:2px;white-space:pre"> </div>common stock (including </div><div id="a49020" style="position:absolute;font-family:'Arial';left:5px;top:431px;">shares of common stock underlying CDIs), including certain governance matters relating to<div style="display:inline-block;width:2px;white-space:pre"> </div>the Company. Under </div><div id="a49021" style="position:absolute;font-family:'Arial';left:5px;top:446px;">this Agreement, Coronado Group LLC has<div style="display:inline-block;width:2px;white-space:pre"> </div>the ability to require<div style="display:inline-block;width:2px;white-space:pre"> </div>the Company to register<div style="display:inline-block;width:2px;white-space:pre"> </div>its shares under the<div style="display:inline-block;width:2px;white-space:pre"> </div>U.S. </div><div id="a49024" style="position:absolute;font-family:'Arial';left:5px;top:461px;">Securities Exchange Act<div style="display:inline-block;width:6px;white-space:pre"> </div>of 1934 and<div style="display:inline-block;width:5px;white-space:pre"> </div>to provide assistance<div style="display:inline-block;width:5px;white-space:pre"> </div>to Coronado Group<div style="display:inline-block;width:5px;white-space:pre"> </div>LLC in selling<div style="display:inline-block;width:5px;white-space:pre"> </div>some or all<div style="display:inline-block;width:5px;white-space:pre"> </div>of its </div><div id="a49029" style="position:absolute;font-family:'Arial';left:5px;top:477px;">shares (including in the form of CDIs). </div></div></div><div id="TextBlockContainer2711" style="position:relative;line-height:normal;width:676px;height:465px;"><div id="TextContainer2711" style="position:relative;width:676px;z-index:1;font-size:13.28px;"><div id="a49044" style="position:absolute;font-family:'Arial';left:5px;top:0px;">The Stockholder’s Agreement provides for the following: </div><div id="a49046" style="position:absolute;font-family:'Arial';left:29px;top:31px;">•<div style="display:inline-block;width:19px;white-space:pre"> </div>Consent rights: Coronado<div style="display:inline-block;width:5px;white-space:pre"> </div>Group LLC (or its<div style="display:inline-block;width:5px;white-space:pre"> </div>successors or permitted<div style="display:inline-block;width:5px;white-space:pre"> </div>assigns) will have<div style="display:inline-block;width:5px;white-space:pre"> </div>certain consent </div><div id="a49051" style="position:absolute;font-family:'Arial';left:53px;top:47px;">rights, whereby certain specified actions require approval by Coronado Group LLC prior to these actions </div><div id="a49057" style="position:absolute;font-family:'Arial';left:53px;top:62px;">being undertaken; </div><div id="a49059" style="position:absolute;font-family:'Arial';left:29px;top:93px;">•<div style="display:inline-block;width:19px;white-space:pre"> </div>Provision of<div style="display:inline-block;width:5px;white-space:pre"> </div>information to<div style="display:inline-block;width:6px;white-space:pre"> </div>Coronado Group LLC:<div style="display:inline-block;width:6px;white-space:pre"> </div>There are<div style="display:inline-block;width:6px;white-space:pre"> </div>information sharing<div style="display:inline-block;width:6px;white-space:pre"> </div>arrangements relating </div><div id="a49067" style="position:absolute;font-family:'Arial';left:53px;top:109px;">to<div style="display:inline-block;width:5px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>provision<div style="display:inline-block;width:6px;white-space:pre"> </div>of<div style="display:inline-block;width:6px;white-space:pre"> </div>financial<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>other<div style="display:inline-block;width:6px;white-space:pre"> </div>information<div style="display:inline-block;width:6px;white-space:pre"> </div>by<div style="display:inline-block;width:6px;white-space:pre"> </div>the<div style="display:inline-block;width:6px;white-space:pre"> </div>Company<div style="display:inline-block;width:6px;white-space:pre"> </div>and<div style="display:inline-block;width:6px;white-space:pre"> </div>its<div style="display:inline-block;width:5px;white-space:pre"> </div>subsidiaries<div style="display:inline-block;width:6px;white-space:pre"> </div>to<div style="display:inline-block;width:6px;white-space:pre"> </div>Coronado </div><div id="a49068" style="position:absolute;font-family:'Arial';left:53px;top:124px;">Group LLC entities, and<div style="display:inline-block;width:5px;white-space:pre"> </div>the Company is<div style="display:inline-block;width:5px;white-space:pre"> </div>required to cooperat<div style="display:inline-block;width:1px;white-space:pre"> </div>e<div style="display:inline-block;width:4px;white-space:pre"> </div>with and assist<div style="display:inline-block;width:5px;white-space:pre"> </div>Coronado Group LLC<div style="display:inline-block;width:6px;white-space:pre"> </div>in </div><div id="a49084" style="position:absolute;font-family:'Arial';left:53px;top:139px;">connection with any financing (or refinancing) undertaken<div style="display:inline-block;width:5px;white-space:pre"> </div>by the Company; </div><div id="a49086" style="position:absolute;font-family:'Arial';left:29px;top:171px;">•<div style="display:inline-block;width:19px;white-space:pre"> </div>Pro rata issuances:<div style="display:inline-block;width:6px;white-space:pre"> </div>While Coronado Group<div style="display:inline-block;width:5px;white-space:pre"> </div>LLC entities<div style="display:inline-block;width:5px;white-space:pre"> </div>beneficially own in<div style="display:inline-block;width:5px;white-space:pre"> </div>the aggregate<div style="display:inline-block;width:5px;white-space:pre"> </div>at least </div><div id="a49086_99_2" style="position:absolute;font-family:'Arial';left:636px;top:171px;">10</div><div id="a49086_101_2" style="position:absolute;font-family:'Arial';left:651px;top:171px;">% </div><div id="a49093" style="position:absolute;font-family:'Arial';left:53px;top:186px;">of the outstanding Shares, unless Coronado Group<div style="display:inline-block;width:5px;white-space:pre"> </div>LLC (or its successors or permitted assigns)<div style="display:inline-block;width:5px;white-space:pre"> </div>agrees </div><div id="a49096" style="position:absolute;font-family:'Arial';left:53px;top:201px;">otherwise, issuances of equity securities must have been offered<div style="display:inline-block;width:5px;white-space:pre"> </div>to the Coronado Group LLC entities in </div><div id="a49103" style="position:absolute;font-family:'Arial';left:53px;top:217px;">respect of their pro rata shares,<div style="display:inline-block;width:3px;white-space:pre"> </div>and any equity securities to be allocated by the Company under a share </div><div id="a49109" style="position:absolute;font-family:'Arial';left:53px;top:232px;">incentive plan will be sourced by purchasing them in the market<div style="display:inline-block;width:5px;white-space:pre"> </div>rather than by issuing them; and </div><div id="a49111" style="position:absolute;font-family:'Arial';left:29px;top:263px;">•<div style="display:inline-block;width:19px;white-space:pre"> </div>Board rights: Coronado Group LLC has certain rights regarding the board including<div style="display:inline-block;width:5px;white-space:pre"> </div>the right, but not the </div><div id="a49116" style="position:absolute;font-family:'Arial';left:53px;top:279px;">obligation, to designate the<div style="display:inline-block;width:5px;white-space:pre"> </div>Directors to be included<div style="display:inline-block;width:5px;white-space:pre"> </div>in the membership of<div style="display:inline-block;width:5px;white-space:pre"> </div>any board committee, except </div><div id="a49117" style="position:absolute;font-family:'Arial';left:53px;top:294px;">to the extent that<div style="display:inline-block;width:5px;white-space:pre"> </div>such membership would<div style="display:inline-block;width:5px;white-space:pre"> </div>violate applicable securities<div style="display:inline-block;width:5px;white-space:pre"> </div>laws or stock exchange<div style="display:inline-block;width:5px;white-space:pre"> </div>or stock </div><div id="a49119" style="position:absolute;font-family:'Arial';left:53px;top:309px;">market rules. </div><div id="a49121" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:341px;">Relationship Deed </div><div id="a49123" style="position:absolute;font-family:'Arial';left:5px;top:372px;">On September 24, 2018, the Company and Coronado Group LLC entered into a Relationship Deed under which </div><div id="a49126" style="position:absolute;font-family:'Arial';left:5px;top:387px;">the Company provides<div style="display:inline-block;width:5px;white-space:pre"> </div>a number of indemnities<div style="display:inline-block;width:5px;white-space:pre"> </div>in favor of Coronado<div style="display:inline-block;width:5px;white-space:pre"> </div>Group LLC, including in<div style="display:inline-block;width:5px;white-space:pre"> </div>relation to certain </div><div id="a49129" style="position:absolute;font-family:'Arial';left:5px;top:403px;">matters related<div style="display:inline-block;width:5px;white-space:pre"> </div>to its ASX<div style="display:inline-block;width:6px;white-space:pre"> </div>initial public<div style="display:inline-block;width:5px;white-space:pre"> </div>offering, or<div style="display:inline-block;width:5px;white-space:pre"> </div>Australian IPO,<div style="display:inline-block;width:5px;white-space:pre"> </div>and also certain<div style="display:inline-block;width:6px;white-space:pre"> </div>guarantees that<div style="display:inline-block;width:5px;white-space:pre"> </div>have in the </div><div id="a49131" style="position:absolute;font-family:'Arial';left:5px;top:418px;">past been<div style="display:inline-block;width:6px;white-space:pre"> </div>provided<div style="display:inline-block;width:5px;white-space:pre"> </div>or arranged<div style="display:inline-block;width:6px;white-space:pre"> </div>by Coronado<div style="display:inline-block;width:6px;white-space:pre"> </div>Group LLC<div style="display:inline-block;width:5px;white-space:pre"> </div>and<div style="display:inline-block;width:5px;white-space:pre"> </div>its affiliates<div style="display:inline-block;width:7px;white-space:pre"> </div>in support<div style="display:inline-block;width:6px;white-space:pre"> </div>of Company<div style="display:inline-block;width:6px;white-space:pre"> </div>obligations. </div><div id="a49134" style="position:absolute;font-family:'Arial';left:5px;top:433px;">Under the Relationship Deed, Coronado Group LLC<div style="display:inline-block;width:5px;white-space:pre"> </div>also agrees to indemnify the Company in relation<div style="display:inline-block;width:5px;white-space:pre"> </div>to certain </div><div id="a49140" style="position:absolute;font-family:'Arial';left:5px;top:449px;">Australian IPO-related matters and reimburse certain costs.</div></div></div> 2900 2500 2900 2900 0.504 0.50 0.10 Ernst & Young Brisbane, Australia