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New Hope Corporation Limited (ASX:NHC)

ALERT: Price-sensitive ASX Announcement for NHC
Current share price for NHC : $5.930 0.58 (10.84%)+
Announcement
Release
17 Aug 2026 8:46AM
Price at Release
$5.350
Full Release
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Summary
New Hope Corporation Limited reported a strong mining performance for the quarter ending 31 July 2026, with ROM coal production increasing by 11.3% to 4.7 million tonnes, driven primarily by the performance at Bengalla Mine. The company's saleable coal production and sales surpassed the high end of guidance, with a respective increase of 7.6% and 11.8% over the previous financial year. Bengalla Mine achieved an FOB cash cost of $81.3 per sales tonne for the year, aligning with the lower end of guidance. The quarter saw an average realised sales price of $155.8 per tonne, a 10.7% increase from the prior quarter, supported by favorable index prices. The underlying EBITDA rose by 30.1% compared to the previous quarter, reaching $169.3 million. New Hope's cash generated from operations totaled $564.1 million for the year, with available cash standing at $778.5 million. The company faced logistical challenges primarily due to weather and industrial action but managed to maintain strong operational efficiency and performance.
Key Points
  • Strong ROM coal production increase by 11.3% for the quarter.
  • Saleable coal production and sales exceeded guidance.
  • Bengalla Mine achieved low-end guidance in cash cost per sales tonne.
  • Average realised sales price increased by 10.7% from previous quarter.
  • Underlying EBITDA increased by 30.1% from previous quarter.
  • Cash from operations totaled $564.1 million for the financial year.
  • Available cash as of 31 July 2026 was $778.5 million.
  • Logistical challenges due to weather and industrial action.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.