• Twelve-month moving average TRIFR down to 4.40 from 5.20
• Saleable coal production of 5.4Mt in H1 FY2025, 32.9% higher than prior period
• Underlying EBITDA of $517.3M in H1 FY2025, up 21.8% on prior period

New Hope Corporation Ltd has released its quarterly activities report for the period ending 31 January 2025. The company reported a twelve-month moving average TRIFR of 4.40, down from 5.20 at the end of the previous quarter, indicating improved safety performance. Group saleable coal production for the quarter was 2.7Mt, in line with the previous quarter, while saleable coal production for the first half of FY2025 was 5.4Mt, 32.9% higher than the previous half year result. Underlying EBITDA for the quarter was $212.7M and $517.3M for the first half of FY2025, a 21.8% increase compared to the prior half year. The company's Bengalla Mine achieved an FOB cash cost (excluding state royalties and trade coal) of $68.3 per sales tonne for the first half of FY2025, a 15.9% reduction compared to the previous period. The company also increased its equity interest in Malabar Resources Limited from 19.97% to 22.97%. The report provides detailed operational updates for the company's New South Wales and Queensland assets, as well as an overview of its strategic investments and marketing, sales, and logistics activities.

The company is on track to achieve its FY2025 FOB cash cost (excluding state royalties and trade coal) guidance of $71 - $79 per sales tonne for the Bengalla Mine, following a first half result of $68.3 per sales tonne.