New Hope Corporation FY26 net profit falls to $161M

• Coal producer New Hope reported a 63.4% drop in net profit after tax to $161 million for the 2026 financial year.
• The company declared a fully franked final dividend of 30 cents per share, supported by $564.1 million in operating cash flow.
• Higher operational costs from moving earth and increased equipment depreciation drove down bottom-line earnings despite record sales volumes.

New Hope (ASX:NHC) reported a net profit after tax of $161 million for the 2026 financial year.

The net profit marks a 63.4% decline compared to the $439.4 million generated during the prior period.

The decrease in net profit was due to heightened costs from increased prime overburden movement alongside higher depreciation associated with plant and equipment purchases.

Secondary metrics showed underlying earnings before interest, taxes, depreciation, and amortisation fell 32.8% to $514.3 million.

Following the announcement the New Hope share price was unchanged at $6.28.

Saleable coal production reached 11.5 million tonnes and total sales hit 11.8 million tonnes, both exceeding the upper limit of target ranges.

Growth was supported by the continued ramp-up of the New Acland mine and strong second-half performance at the Bengalla mine.