New Hope Corporation (ASX:NHC) released its half-year results for the 2026 financial year, reporting a period of solid operational performance despite a challenging pricing environment.
The company announced an underlying EBITDA of $214.8 million and a net profit after tax of $54.3 million, representing declines of 58.5% and 84% respectively compared to the previous period.
The figures were primarily "driven by lower realised pricing" and increased costs associated with "increased prime overburden movement."
The group achieved saleable coal production of 5.5Mt, a slight 0.4% increase.
The Bengalla Mine is recovering from "significant weather events late in the 2025 financial year" and is expected to return to a production rate of 13.4Mtpa ROM coal during the second half of the year.
Meanwhile, the New Acland Mine continues its ramp-up toward ~5Mtpa, with access to the Manning Vale West pit scheduled for late 2026.
Strategic growth also continued through an increased equity interest in Malabar Resources, reaching 25.97% to bolster "exposure to high-quality metallurgical coal."
Despite the "lower coal price environment," the board declared a fully franked interim dividend of 10 cents per ordinary share, payable on April 20.
The company noted that its "low-cost assets and disciplined approach" supported the payout. The dividend reinvestment plan remains in operation for eligible shareholders.