Filing Flows › Coronado Global Resources (CODQL) › Q1 2025
Coronado Global Resources (CODQL) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Coronado Global Resources (CODQL) reported revenue of $449M for the first quarter 2025 (Q1 2025), -33% from a year earlier and -19% from the quarter before. Operating margin was -25.2%, net loss $96.2M (21.4% of revenue).
Coronado Global Resources, Q1 2025: revenue $449M (-33% year over year), operating margin -25.2%, net loss $96.2M, operating cash flow −$37.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $449M | -19% | -33% |
| Operating profit | −$113M | — | — |
| Net earnings | −$96.2M | — | — |
| Operating cash flow | −$37.3M | -160% | — |
What changed
Revenue was $449.2M in Q1 2025, down 33% year over year and down 19% from the previous quarter. Metallurgical Coal was the largest line at 94% of revenue. Metallurgical Coal lost $180.3M year over year (down 30%), 82% of the total change.
Operating costs exceeded revenue by $113.3M, an operating margin of -25.2%. Total costs fell 20% while revenue fell 33%. The quarter ended with a net loss of $96.2M, wider than the previous quarter's $54.1M loss.
Operating cash flow was −$37.3M. Non-cash charges added back $40.5M of depreciation and amortization. Working capital and other items added $18.4M. Capital expenditures of $72.1M exceeded it, leaving free cash flow of −$109.3M.
Questions
What was Coronado Global Resources' revenue in the first quarter 2025?
Coronado Global Resources (CODQL) reported revenue of $449M for the first quarter 2025 (Q1 2025), -33% from a year earlier and -19% from the quarter before.
Was Coronado Global Resources profitable in the first quarter 2025?
Operating loss was $113M (-25.2% of revenue) and net loss $96.2M.