AUS
NZ
UK
CA
USA
IND
_07_03_2025_10_52_25_355959.png)
Highlights
- NHC’s H1FY25 underlying EBITDA rose by 22% YoY, and net profit after tax increased by 35% YoY.
- The company has declared a 19-cent interim dividend and increased its Malabar stake to 22.97%, boosting metallurgical coal exposure.
- NHC cut FY25 output guidance on rail issues at New Acland but raised ROM targets and saw a 3% QoQ lift at Bengalla.
New Hope Corporation Limited (ASX:NHC) is an ASX-listed diversified energy company engaged in the exploration, development, production, and processing of coal and oil & gas, operating mainly through coal mining in Queensland and New South Wales and other related activities.
In the first half of the financial year 2025 (H1FY25), the company’s revenue increased by 19.01% YoY to AUD 1,019.41 million, up from AUD 856.57 million in H1FY24. During the reported period, the underlying EBITDA rose by 22% YoY to AUD 517.3 million, and net profit after tax increased by 35% YoY to AUD 340.3 million, driven by enhanced operational efficiency and cost management.
Profit before income tax surged by 27.30% YoY to AUD 463.46 million in H1FY25, up from AUD 364.07 million, while basic earnings per share increased by 35.23% YoY to AUD 40.30 per share, up from AUD 29.80 per share.
During the reported period, the company annnounced an interim dividend of 19 cps.
In year-to-date FY25, after the close of the third quarter2025, ROM coal production increased by 37% YoY to 12.31 million tonnes, driven by ramp-ups at key mines. Meanwhile, saleable coal production rose 25% YoY to 8.19 million tonnes, with coal sales up 33% YoY to 8.15 million tonnes.
Company Outlook
NHC lowered its FY25 saleable coal production guidance by ~2% to 10.58–11.57 million tonnes due to rail constraints at New Acland, where physical production guidance was also cut by 9%. Despite this, ROM output at New Acland was revised upward to reflect mining plans.
Despite a 27% quarter-on-quarter decline in Q3 FY25 EBITDA to AUD 155.2 million due to softer coal prices, the company remains optimistic driven by operational performance and ongoing initiatives to boost rail and haulage capacity in the West-Moreton corridor, aimed at easing transport constraints at New Acland.
Additionally, the company’s recent increase in its equity stake in Malabar Resources to 22.97% aligns with its goal of enhancing exposure to high-grade metallurgical coal assets, further strengthening portfolio diversification.
Top 10 Shareholders of NHC
The top 10 shareholders of NHC collectively hold 55.79% of the company’s shares, with the largest stakes held by Washington H. Soul Pattinson and Company Ltd at 39.24%.
Stock Information
The stock price has increased by approximately 1.89% over the past month and declined about 24.19% over the last six months. Over the past year, the share price has dropped by nearly 27.27%. The stock has a 52-week high of AUD 5.3, recorded on 1 October 2024 and 52-week low of AUD 3.33, recorded on 7 April 2025. On 2 July 2025, the stock closed at AUD 3.83 per share.
Support and Resistance Summary
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 2 July 2025. The reference data in this report has been partly sourced from EODHD/Others.
Technical Indicators Defined
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.
Disclaimer
This article has been prepared by Kalkine Media, echoed on the website kalkinemedia.com/au and associated pages, based on the information obtained and collated from the subscription reports prepared by Kalkine Pty. Ltd. [ABN 34 154 808 312; AFSL no. 425376] on Kalkine.com.au (and associated pages). The principal purpose of the content is to provide factual information only for educational purposes. None of the content in this article, including any news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations, and video is or is intended to be, advisory in nature. The content does not contain or imply any recommendation or opinion intended to influence your financial decisions, including but not limited to, in respect of any particular security, transaction, or investment strategy, and must not be relied upon by you as such. The content is provided without any express or implied warranties of any kind. Kalkine Media, and its related bodies corporate, agents, and employees (Kalkine Group) cannot and do not warrant the accuracy, completeness, timeliness, merchantability, or fitness for a particular purpose of the content or the website, and to the extent permitted by law, Kalkine Group hereby disclaims any and all such express or implied warranties. Kalkine Group shall NOT be held liable for any investment or trading losses you may incur by using the information shared on our website.
