By Digifin Pty Ltd · About this coverage
Key Points
- Saleable coal 11.5Mt and sales 11.8Mt both exceeded the high end of guidance
- Underlying EBITDA $514.3m (down 32.8%) and NPAT $161.0m (down 63.4%)
- Group FOB cash costs $88.9/t, up 7.9% on higher Bengalla overburden
- Fully franked final dividend of 30.0 cents payable on 15 October 2026
- Issued $300m convertible notes due 2032; Malabar stake lifted to 25.97%
About New Hope (ASX:NHC)
New Hope Corporation Limited is an ASX-listed coal producer based in Queensland. It operates the Bengalla Mine in New South Wales and the New Acland Mine in Queensland, and holds an equity interest in Malabar Resources Limited. The group sells thermal and related coal products into domestic and export markets.
New Hope (ASX:NHC) has released its 2026 financial year results, reporting operating volumes above guidance while earnings and profit fell on higher costs and depreciation.
Saleable coal production was 11.5Mt and coal sales 11.8Mt, both exceeding the high end of guidance (10.2Mt to 11.5Mt) and up 7.6% and 11.8% respectively on FY25. Group FOB cash costs were $88.9/t (2025: $82.4/t), up 7.9%, reflecting higher prime overburden movement at Bengalla Mine after wet weather. Underlying EBITDA was $514.3 million (2025: $765.8 million), down 32.8%. Net profit after tax was $161.0 million (2025: $439.4 million), down 63.4%, which the company attributes to heightened costs from increased prime overburden movement and higher depreciation linked to plant and equipment for the Bengalla Growth Project and New Acland Mine ramp-up. Operating cash generated was $564.1 million, with available cash of $778.5 million as at 31 July 2026. The Board declared a fully franked final dividend of 30.0 cents per ordinary share payable on 15 October 2026. During the period the company issued $300 million senior unsecured convertible notes due 2032 and repurchased $293.3 million principal of notes due 2029, and lifted its Malabar Resources Limited equity interest by 3.00% to 25.97%. Figures reflect Bengalla at 80% interest and exclude the Malabar equity interest unless noted.
Dividend dates run from an ex date of 21 September 2026 through payment on 15 October 2026. The release does not restate full statutory balance sheet detail beyond the cash and convertible notes items above.
Source: New Hope Corporation Limited (ASX:NHC), 15 September 2026. Summary content supplied by Digifin Pty Ltd.
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