FY26 Half Year Results

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Stock New Hope Corporation Ltd (NHC.ASX)
Release Time 17 Mar 2026, 8:21 a.m.
Price Sensitive Yes
 New Hope Corporation Ltd Reports FY26 Half Year Results
Key Points
  • Underlying EBITDA of $214.8 million, 58.5% lower than previous period
  • Net profit after tax of $54.3 million, 84.0% lower than previous period
  • Group saleable coal production of 5.5Mt, 0.4% higher than previous period
  • Interim dividend of 10.0 cents per ordinary share declared
Full Summary

New Hope Corporation Limited (ASX: NHC) has released its half year results for the 2026 financial year, highlighting a period of solid operational performance as the Company continues to execute its organic growth plans. Bengalla Mine delivered increased prime waste volumes during the period, which has supported the re-alignment of the pit sequence following significant weather events late in the 2025 financial year. Looking ahead, the operation is expected to return to the 13.4Mtpa ROM coal production rate (100 per cent basis) during the second half of the 2026 financial year. New Acland Mine delivered a further increase in coal production during the period as it continues to ramp up to ~5Mtpa. Access to the third pit, Manning Vale West, is scheduled for the final quarter of calendar year 2026, which is expected to increase operational personnel and provide another step change in production. Despite facing a period of recovery at Bengalla Mine, and a lower coal price environment, the Group's low-cost assets and disciplined approach has enabled the Board to declare a fully franked interim dividend of 10.0 cents per ordinary share.

Guidance

The Group's saleable coal production is expected to increase as Bengalla Mine returns to 13.4Mtpa ROM coal production rate and New Acland Mine continues to ramp up production, including accessing the Manning Vale West pit in the final quarter of 2026.

Outlook

New Hope is focused on remaining a resilient, low-cost coal producer and continuing to execute its organic growth plans, which will enable the Company to continue delivering value to shareholders.