New Hope posts underlying EBITDA of $107m in January quarter
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The news: Coal miner New Hope Group has reported underlying EBITDA of $106.9 million in the January quarter, slightly lower than the $107.9 million in the preceding quarter.
The numbers: This put underlying EBITDA for the first half of FY26 at $214.8 million, slightly ahead of the market consensus expectation of $214.1 million, according to Visible Alpha.
Group coal sales came in at 2.9 million tonnes for the quarter, which was 8.2% higher quarter on quarter. Average realised sales price was $139 per tonne, compared to $136.6 per tonne in the previous quarter.
It also announced that coal production lifted 4.8% to 4.1 million tonnes in the three months to the end of January, compared to the previous corresponding period.
The context: The improved production output reflected “improved logistics across both Bengalla Mine and New Acland Mine”, the company told the exchange.
Price increases on some indexes were partially offset by the stronger Australian dollar. The API-5 price index was supported by “solid” Chinese demand as power generation companies increased volumes for the winter period as well as Indonesian supply cuts.
The source: ASX
