• Underlying EBITDA up 21.8% to $517.3m
• Net profit after tax up 35.2% to $340.3m
• Net cash from operating activities up 142.6% to $316.9m

New Hope Corporation Limited has reported a net profit after tax of $340.3 million for the half-year ended 31 January 2025, representing a 35.2% increase from the previous corresponding period. The company's underlying EBITDA result was $517.3 million, an increase of 21.8% compared to the prior period. The improved financial performance was driven by increased coal production, lower unit costs, and solid realised pricing, which remained above long-term historical averages. Bengalla Mine and New Acland Mine recorded strong operational performances, with Group Run-of-Mine (ROM) coal production of 8.3Mt and saleable coal production of 5.4Mt, increases of 56.2% and 32.9% respectively compared to the previous period. Coal sales increased by 43.5% to 5.4Mt for the period. Group Free on Rail (FOR) cash costs decreased by 23.5% to $55.5/tonne, and Group Free on Board (FOB) cash costs (excluding royalties and trade coal) were 20.6% lower at $77.7/t. The company generated operating cash flows of $316.9 million, a 142.6% increase from the prior period. New Hope continues to focus on disciplined capital management and providing valuable returns to shareholders, declaring a 2025 interim dividend of 19.0 cents per share, fully franked.

The company expects the coal market to find balance through calendar year 2025.