Quarterly Activities Report

• Saleable coal production up 18.1% year-on-year
• Bengalla Mine FOB cash cost down 1.7% year-on-year
• Underlying EBITDA of $765.8 million for FY25

New Hope Corporation Limited has released its quarterly activities report for the period ended 31 July 2025. The company reported a 12-month moving average TRIFR of 3.22, down from 3.65 in the previous quarter, indicating improved safety performance. Group saleable coal production for the 2025 financial year was 10.7Mt, 18.1% higher than the previous year, and within the guidance range. Bengalla Mine achieved an FOB cash cost (excluding state royalties) of $76.5 per sales tonne for the 2025 financial year, a 1.7% reduction from the previous year and within the guidance range. The company's average realised sales price for the quarter was $131.3/t, an 11.0% decrease from the previous quarter due to lower API-5 index pricing and a larger proportion of high-ash sales. Underlying EBITDA for the 2025 financial year was $765.8 million. Cash generated from operating activities was $570.8 million for the 2025 financial year, with available cash of $707.3 million as at 31 July 2025. The company's strategic investment in Malabar Resources Limited continued to progress, with the Maxwell Underground Mine ramp-up ongoing.

Group saleable coal production guidance for FY25 is 10,580,000 - 11,570,000 tonnes.

The company's forward sales book remains well supported, with the majority of production for the next six months sold. The company will continue to assess various options to return capital to shareholders, noting its significant franking credit account.