New Hope Corporation (ASX:NHC) reported lower Earnings for FY2026 despite increased coal production and sales across its operating portfolio.

Net profit after tax declined 63.4% to AUD 161.0 million for the year ended 31 July 2026, compared with AUD 439.4 million in FY2025. Underlying EBITDA decreased to AUD 514.3 million from AUD 765.8 million.

Alongside the full-year result, New Hope declared a fully franked final Dividend of 30 cents per ordinary share.

FY2026 Earnings

New Hope reported underlying EBITDA of AUD 514.3 million for FY2026, representing a 32.8% decline from the previous financial year.

Net profit after tax declined 63.4% to AUD 161.0 million.

The company attributed the lower profit partly to increased costs associated with higher prime overburden movement and increased depreciation.

Additional plant and equipment had been acquired to support the Bengalla Growth Project and the continuing ramp-up of New Acland Mine.

The earnings decline followed a softer first half, when New Hope reported net profit after tax of AUD 54.3 million and underlying EBITDA of AUD 214.8 million.

Production and Sales

Operational volumes increased during FY2026.

Group saleable coal production reached 11.5 million tonnes, an increase of 7.6% from FY2025 and above the company's guidance range.

Coal sales increased 11.8% to 11.8 million tonnes, also exceeding the upper end of the guidance range.

Run-of-mine coal production totalled approximately 16.9 million tonnes during the financial year.

New Hope said production growth was supported by the continued ramp-up of New Acland Mine and improved second-half performance at Bengalla Mine following operational disruptions experienced during the previous financial year.

Operating Costs

New Hope's operating cost base increased during FY2026.

The company reported Group Free on Board cash costs of AUD 88.9 per tonne, compared with AUD 82.4 per tonne in FY2025.

The increase primarily reflected additional prime overburden movement associated with pit re-sequencing at Bengalla following earlier wet-weather impacts.

Depreciation expenses also increased as equipment acquired for production growth at Bengalla and the New Acland ramp-up entered service.

The combination of these factors contributed to lower earnings despite increased coal volumes.

Cash Position

New Hope generated AUD 564.1 million in cash from Operating Activities during FY2026.

Available cash stood at AUD 778.5 million as at 31 July 2026. This comprised AUD 484.8 million of cash and cash equivalents and AUD 293.7 million of fixed-income investments.

During the year, the company also issued AUD 300 million of new senior unsecured convertible notes due in 2032.

At the same time, it repurchased AUD 293.3 million of principal outstanding under its existing senior unsecured convertible notes due in 2029.

Final Dividend

New Hope declared a fully franked FY2026 final dividend of 30 cents per ordinary share.

The dividend follows the fully franked Interim Dividend of 10 cents per share declared in March 2026, bringing dividends declared in relation to FY2026 to 40 cents per share.

The final dividend will trade ex-dividend on 21 September 2026.

The Record Date is 22 September 2026, while payment is scheduled for 15 October 2026.

New Hope's Dividend reinvestment Plan will also operate for the final distribution.

Mining Operations

Bengalla Mine and New Acland Mine remained the principal contributors to New Hope Corporation's (ASX:NHC) coal production during FY2026.

Bengalla recovered during the second half following weather and logistics disruptions experienced during the previous financial year.

New Acland continued progressing its Stage 3 ramp-up, increasing production and sales while development work advanced towards access to the Manning Vale West pit.

The company also increased its Equity interest in Malabar Resources during FY2026 from 22.98% to 25.97%. Malabar is progressing the ramp-up of its Maxwell Underground Mine.

FY2026 Position

New Hope ended FY2026 with higher coal production and sales but lower earnings compared with the previous year.

Saleable coal production reached 11.5 million tonnes, coal sales increased to 11.8 million tonnes and Operating Cash Flow totalled AUD 564.1 million.

At the same time, underlying EBITDA declined to AUD 514.3 million and net profit after tax fell to AUD 161.0 million as higher operating costs and Depreciation affected the financial result.

The company's FY2026 final dividend of 30 cents per share is fully franked and scheduled for payment on 15 October 2026.