New Hope shares lift following FY25 earnings, 15 cent final dividend
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The news: New Hope was one of the best performers on the ASX 200 even as the coal miner reported a fall in full-year net profit, as greater production was offset by lower prices.
The numbers: At 11:17am AEST, shares in New Hope rallied 6.9% to $4.66.
Net-profit after tax for the year to 31 July 2025 came in at $439.4 million, a 7.7% year-on-year decline, while underlying EBITDA fell 10.9% to $765.8 million.
Group saleable coal production came in at 10.7 million tonnes, an 18.1% increase on the previous year and within the guidance range. However, the realised price came in at $161 per tonne, a 17% decrease year on year.
Group free on board cash costs fell by 8.4% year on year to $82.4 per tonne.
The company declared a fully franked final dividend of 15 cents per share, a fall from the 22 cents declared in the previous corresponding period. Shares will trade ex-dividend on 22 September.
The context: Coal sales from the Bengalla Mine lifted amid unit cost reductions despite being impacted by "significant weather events and logistics constraints in the Hunter Valley".
The New Acland Mine also delivered an increase in saleable coal production as the stage-3 of the project continues to ramp up.
During the year, New Hope took an additional 3% equity interest in Malabar Resources, taking its holding in the company to 22.98%.
The company also announced a non-underwritten dividend reinvestment plan allowing eligible shareholders to reinvest dividends to acquire additional shares in the company.
What they said: “Despite navigating logistics constraints, periods of wet weather and a lower coal pricing environment, we’ve delivered a strong performance for the 2025 financial year,” New Hope Group chief executive Rob Bishop said.
“The continued execution of our organic growth plans has provided another considerable increase in saleable coal production, which has underpinned the reduction in our unit costs.
“In a low coal price environment, our assets remain resilient and continue to generate solid margins through the cycle, allowing us to provide continued returns to our shareholders.”
