Warrior Met Coal — Apr 30, 2025 release

First Quarter Highlights • Reported a 10% increase in total production volumes, primarily attributable to the Blue Creek growth project, and a 2% increase in sales volumes; • Leveraged variable cost model to tightly manage costs in the current pricing environment, with cash cost of sales (free-on-board port) per short ton decreasing to $112.35 from $133.48 year-over-year; • Produced 251 thousand short tons from continuous miner development on the first longwall panel at Blue Creek project; • Continued to make significant progress on the development of Blue Creek, with the longwall startup expected no later than the second quarter of 2026; and • Recorded $10.9 million of cash provided by operating activities despite an average Platts Premium Low Vol FOB Australian index price of $167.90 per short ton during the quarter which represents a 9% and 40% decrease, respectively, from the previous quarter and prior year comparable quarter. “While weak market conditions continued as expected, we were able to leverage our operational strength and financial discipline to deliver an increase in volume and strong cost performance at our mines, enabling us to maintain positive cash margins. At the same time, we continued to make excellent progress at Blue Creek, as we move closer to the finish line of the world-class growth project.” commented Walt Scheller, CEO of Warrior. “I would like to thank our employees for their outstanding performance and hard work to accomplish these goals.” “The combination of broad economic uncertainty around global trade, seasonal demand weakness, and ample spot supply is expected to result in continued pressure on steelmaking coal prices. In this environment, we are increasing our focus on what is within our control: protecting margins and cash flow. We are confident that our unique asset base, hig