• Group prime waste movement up 10.1%, saleable coal production in line with previous quarter
• Underlying EBITDA down 27.0% due to lower realised pricing
• Bengalla Mine achieves 1.7% reduction in FOB cash cost

New Hope Corporation Ltd released its Quarterly Activities Report for the period ended 30 April 2025. Group prime waste movement was up 10.1% to 16.3Mbcm, reflecting strong mining performance and favourable conditions. Group saleable coal production was 2.8Mt for the quarter, in line with the previous quarter. Underlying EBITDA was $155.2 million, down 27.0% compared to the previous quarter due to lower realised pricing, with the average realised sales price decreasing from $159.1/t to $147.5/t. The Bengalla Mine achieved an FOB cash cost (excluding state royalties) of $75.3 per sales tonne, a 1.7% reduction from the previous quarter. The Company revised FY25 guidance for the New Acland Mine to reflect expected rail performance and availability for the rest of the financial year. Malabar Resources, in which New Hope has a 22.97% equity interest, continued to progress the Maxwell Underground Mine, with the bord and pillar operation producing 0.13Mt of ROM coal and first coal from the longwall development activities being produced and sold during the quarter.

New Hope Group revised FY25 guidance: ROM coal production of 15,930 - 17,450kt, saleable coal production of 10,580 - 11,570kt, and coal sales of 10,410 - 11,450kt. Bengalla Mine guidance unchanged: ROM coal production of 10,080 - 10,800kt, saleable coal production of 8,080 - 8,720kt, coal sales of 8,160 - 8,800kt, FOB cash cost (ex. royalty) of A$71 - A$79 per sales tonne, and sustaining capital of A$185 - A$225 million.