Quarterly Activities Report

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Stock New Hope Corporation Ltd (NHC.ASX)
Release Time 18 May 2026, 9 a.m.
Price Sensitive Yes
 New Hope Corporation Ltd Quarterly Activities Report
Key Points

• Strong production performance with a 5.0% increase in Group ROM coal production.• Group coal sales increased by 10.4% for the quarter.• Bengalla Mine achieved a 12.4% reduction in FOB cash cost.• Available cash balance of $571.6 million as at the end of the quarter.

Full Summary

New Hope Corporation Ltd released its Quarterly Activities Report for the quarter ended 30 April 2026. The report highlighted a 5.0% increase in Group ROM coal production to 4.3Mt for the quarter, and a 10.4% rise in coal sales to 3.2Mt. The average realised sales price for the quarter was $140.7/t, a slight increase from the previous quarter. Bengalla Mine achieved an FOB cash cost (excluding state royalties) of $74.0 per sales tonne, a 12.4% reduction from the previous quarter. Underlying EBITDA was $130.1 million for the quarter, an increase of 21.7% on the previous quarter. The company also issued $300 million in new senior unsecured convertible notes due 2032 and repurchased $293.3 million principal amount of the Company's existing senior unsecured convertible notes due 2029.

Guidance

FY26 ROM coal production 15,700 - 17,700 '000t, Saleable coal production 10,200 - 11,500 '000t, Coal sales 10,200 - 11,500 '000t, Sustaining capital $100 - $130 million

Outlook

The company anticipates increased demand in the coming quarter, as the Northern Hemisphere moves out of the shoulder season and into Summer. The Group's forward sales book remains well supported with the majority of production for the next three months sold.