Key points
- Revenue from ordinary activities down 0.5% to $1,766,530,000
- Profit from ordinary activities after tax down 63.4% to $160,960,000
- Declared final dividend of 30.0 cents per share, fully franked
- Strong operational performance with increased coal production
- Focus on safety with a 38.3% reduction in High Potential Event Frequency Rate
Full summary
New Hope Corporation Ltd released its Annual Report for the financial year 2026, detailing a slight decrease in revenue from ordinary activities by 0.5% to $1,766,530,000 and a significant drop in profit from ordinary activities after tax by 63.4% to $160,960,000. The company declared a final dividend of 30.0 cents per share, fully franked. Despite the financial decline, the company saw strong operational performance with increased coal production, particularly at Bengalla Mine and New Acland Mine. Safety performance improved with a 38.3% reduction in the High Potential Event Frequency Rate, although other injury rates increased. The company remains optimistic about the coal market and expects thermal coal prices to be well-supported over the medium to long term.
Guidance
Revenue from ordinary activities: $1,766,530,000; Profit from ordinary activities after tax: $160,960,000
Outlook
New Hope Corporation Ltd expects thermal coal prices to be well-supported over the medium to long term, driven by a supply shortfall due to ageing thermal coal assets and underinvestment in new projects.