Key points
- Strong operational performance with increased coal production and sales
- Financial performance showed a decrease in underlying EBITDA and net profit
- Committed to safety improvements with a 38.3% reduction in HPEFR
Full summary
New Hope Corporation Ltd's FY26 results highlighted a robust operational performance with increased coal production and sales. However, the financial performance showed a decrease in underlying EBITDA and net profit. The company also demonstrated a commitment to safety improvements, achieving a 38.3% reduction in High Potential Event Frequency Rate (HPEFR). Despite these operational gains, the realized price and underlying EBITDA decreased by 10.0% and 32.8% respectively. The company maintained a strong balance sheet and continued to focus on providing shareholder returns through dividends and share buy-backs.
Guidance
FY26 revenue $1,767M, net profit after tax $161M
Outlook
New Hope Corporation Ltd expects strong thermal coal demand and continues to focus on low-cost asset operations and disciplined capital management.