New Hope (NHC) investor relations material

Executive summary

• Group run-of-mine coal production rose 5% sequentially to 4.3Mt, with coal sales up 10.4% to 3.2Mt and strong operational quarters at Bengalla and New Acland mines.

• Underlying EBITDA reached AUD 130.1 million, up 21.7% from the previous quarter, reflecting higher coal prices.

• Available cash at quarter-end was AUD 571.6 million, following a $300 million convertible note issuance and repurchase of $293.3 million in existing notes.

Financial highlights

• Average realized price was AUD 140.70/ton, a 1% increase sequentially, with Bengalla's FOB cash cost (ex-royalties) at AUD 74/ton, down 12% from the previous quarter.

• Interim fully franked dividend of AUD 0.10/share (AUD 84 million) paid during the quarter.

Outlook and guidance

• Confident in achieving the higher end of production guidance for Q4, barring unforeseen weather or logistics issues.

• FY26 guidance for Bengalla: ROM coal production 9.4–10.2Mt, saleable coal 7.4–8.1Mt, FOB cash cost AUD 81–89/ton.

• Group guidance: ROM coal production 15.7–17.7Mt, saleable coal 10.2–11.5Mt, coal sales 10.2–11.5Mt.

• Thermal coal pricing anticipated to remain above historical averages due to supply shortfalls and energy market volatility.

• Anticipates increased demand in the next quarter as the Northern Hemisphere enters summer.