New Hope (ASX:NHC) H1FY25 Revenue Up 22%, Maintains FY25 ROM Coal production and Sales Guidance

Wed 28 May 25, 07:09 AM | Team Kalkine

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Highlights

NHC’s reported a 21.98% YoY increase in revenue for the first half of FY2025, reaching AUD 1,052.65 million.

The New Acland mine is expected to achieve a production of approximately 5Mtpa by 2027.

In FY25, NHC targets ROM coal production of 15.93 – 17.45 million tones and coal sales of 10.41 to 11.45 million tonnes.

New Hope Corporation Limited (ASX:NHC) is an Australian energy company focused on coal mining in Queensland and New South Wales. The company also operates two open-cut thermal coal mines - the New Acland project in Queensland and Bengalla mines in New South Wales.

In the first half of financial year 2025 (H1FY25), NHC’s revenue increased by 21.98% YoY to AUD 1,052.65 million compared to AUD 862.95 million in H1FY24. The saleable coal production rose 32.9% YoY to AUD 5.4 million tonnes. On the other hand, the group’s free on rail (FOR) cash cost fell by 23.5% YoY to AUD 55.5 per tonne, driven by higher production and disciplined cost control.

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