Filing Flows › Coronado Global Resources (CODQL) › Q2 2025
Coronado Global Resources (CODQL) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 11, 2025
Coronado Global Resources (CODQL) reported revenue of $468M for the second quarter 2025 (Q2 2025), -31% from a year earlier and +4% from the quarter before. Operating margin was -10.2%, net loss $76.2M (16.3% of revenue).
Coronado Global Resources, Q2 2025: revenue $468M (-31% year over year), operating margin -10.2%, net loss $76.2M, operating cash flow $77.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $468M | +4% | -31% |
| Operating profit | −$47.5M | — | — |
| Net earnings | −$76.2M | — | — |
| Operating cash flow | $77.4M | — | +19% |
| Free cash flow | $2.0M | — | — |
What changed
Revenue was $467.9M in Q2 2025, down 31% year over year and up 4% from the previous quarter. Metallurgical Coal was the largest line at 91% of revenue. Metallurgical Coal lost $212.0M year over year (down 33%), 103% of the total change.
Operating costs exceeded revenue by $47.5M, an operating margin of -10.2%. Total costs fell 15% while revenue fell 31%. The quarter ended with a net loss of $76.2M, narrower than the previous quarter's $96.2M loss.
Operating cash flow was $77.4M (up 19% year over year). Non-cash charges added back $45.5M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $107.0M. Capital expenditures of $75.3M left free cash flow of $2.0M.
Questions
What was Coronado Global Resources' revenue in the second quarter 2025?
Coronado Global Resources (CODQL) reported revenue of $468M for the second quarter 2025 (Q2 2025), -31% from a year earlier and +4% from the quarter before.
Was Coronado Global Resources profitable in the second quarter 2025?
Operating loss was $47.5M (-10.2% of revenue) and net loss $76.2M.