Half Year Results Presentation

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Stock New Hope Corporation Ltd (NHC.ASX)
Release Time 18 Mar 2025, 8:21 a.m.
Price Sensitive Yes
 New Hope Corporation Ltd Reports Strong H1 FY25 Results
Key Points
  • 22% increase in underlying EBITDA to $517M
  • 35% increase in NPAT to $340M
  • 44% increase in coal sales to 5.4Mt
  • Fully franked interim dividend of 19c per share
Full Summary

New Hope Corporation Ltd reported a strong financial and operational performance in the first half of the 2025 financial year. Highlights include an 18% decrease in the company's Total Recordable Injury Frequency Rate (TRIFR) to 4.08, a 56% increase in ROM coal production to 8.3Mt, a 33% increase in saleable coal production to 5.4Mt, and a 44% increase in coal sales to 5.4Mt. Financially, the company reported a 22% increase in underlying EBITDA to $517M, a 35% increase in NPAT to $340M, and a 143% increase in cash from operating activities to $317M. The company also declared a fully franked interim dividend of 19c per share, which is 22% higher than the previous period. New Hope's low-cost operations, organic growth projects, and strategic investments in assets like the Malabar Resources Limited Maxwell Mine provide an attractive outlook. The company remains focused on maximizing returns to shareholders through a combination of fully franked dividends and an on-market share buyback of up to $100M.

Guidance

New Hope Corporation Ltd's FY25 guidance remains unchanged, apart from Bengalla Mine's sustaining capital guidance, which has been revised down from $200M - $245M to $185M - $225M. The company expects to produce 10,830,000 - 11,870,000 tonnes of saleable coal and sell 10,660,000 - 11,750,000 tonnes of coal in FY25.

Outlook

New Hope Corporation Ltd's low-cost production, organic growth projects, and strategic investments provide an attractive outlook. The company is focused on safely, responsibly, and efficiently operating its coal assets to create value for stakeholders and enable solid shareholder returns through a combination of fully franked dividends and share buybacks.