Home / Business and Economy / New Hope Coal Surges: 32.7% Shareholder Return Amidst Market Woes
New Hope Coal Surges: 32.7% Shareholder Return Amidst Market Woes
15 Sep
Summary
- New Hope reported $1,767 million in revenue and $514 million in EBITDA for FY26.
- The company achieved an 11.8% increase in coal sales to 11.8 million tonnes.
- A 30-cent fully franked final dividend was declared, boosting shareholder returns.
New Hope Group (ASX:NHC) reported its FY26 full-year results on September 15, 2026, detailing significant operational achievements. Despite lower thermal coal prices, the company delivered a 32.7% total shareholder return. Revenue reached $1,767 million, with underlying EBITDA at $514 million. Coal sales increased by 11.8% to 11.8 million tonnes, offsetting weaker pricing.
The company's Bengalla Mine maintained production, while New Acland Mine saw a surge in saleable coal output. Group FOB cash costs increased to $88.9 per tonne, influenced by New Acland's ramp-up and inflation. Despite a marginal revenue decline, New Hope preserved a healthy margin of $45.0 per tonne.
Shareholder returns were prioritized, with a 30-cent fully franked final dividend declared, bringing the total FY26 ordinary dividends to 40 cents. The company maintained a strong balance sheet with a debt-to-equity ratio of 0.11x.
New Hope is strategically positioned in a supportive thermal coal market, forecasting a significant supply deficit in Australia by 2048. The company aims to increase saleable coal production to approximately 15 million tonnes long-term through organic growth at Bengalla, New Acland, and the Maxwell project.
