New Hope released its fiscal full-year results for 2023, which included a fully franked final ordinary dividend of 21 Australian cents per share and a fully franked special dividend of 9 cents per share.

The total full-year dividends amounted to 70 cents per ordinary share.

The coal producer reported an 11% increase in underlying EBITDA to $1.75 billion and a net profit after tax of $1.09 billion. Operational performance was robust, with safety rates improving and several objectives met, including reopening the New Acland Mine.

New Hope Group's CEO Rob Bishop attributed the fiscal year results to strong demand and global supply constraints in the thermal coal market.

The company also stated its longer-term strategy of navigating the energy transition, focusing on its low-cost, long-life assets.