Robert Bishop
Chief Executive Officer
Good morning, everyone, and apologies for the slight delay. Thank you for joining us for today’s presentation. I’m Rob Bishop, Chief Executive Officer for New Hope Group. On my left, I’m joined by Rebecca Rinaldi, our CFO; and Dominic O’Brien on my right, who is our Executive General Manager and Company Secretary.
This morning, we released our full year results for the 2025 financial year. Hopefully, you’ve had a chance to go through the presentation. But in any case, I’ll step you through our key highlights for the year before we open up the line for a Q&A session.
Despite a softening coal price and a challenging operating environment, 2025 was a strong year for New Hope, where we delivered another considerable increase in saleable coal production as we continue to execute our organic growth plans.
Pleasingly, we’ve seen a significant improvement in safety this year with our 12-month moving average TRIFR decreasing by 35% to 3.22. It’s positive to see these metrics improving, and we’ll continue to focus on this area as we move into 2026.
During the year, we navigated significant wet weather and logistics constraints at our operations in both Queensland and New South Wales. Despite these uncontrollable factors, the group delivered run-of-mine coal production of 16.4 million tonnes, up 33%; saleable coal production of 10.7 million tonnes, up 18% and coal sales of 10.5 million tonnes, up 21%.
In terms of our financial highlights, we delivered an underlying EBITDA of $766 million and a statutory net profit after tax of $439 million. Both earnings results were largely impacted by lower realized pricing
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