New Hope (NHC) investor relations material

Executive summary

• Achieved strong operational and financial performance in FY2026 Q4, with significant improvements in production and cash flow.

• ROM coal production reached 4.7Mt for the quarter, up 11.3% sequentially, with Bengalla Mine exceeding its 13.4Mtpa target.

• Full year saleable coal production of 11.5Mt and coal sales of 11.8Mt surpassed guidance, increasing 7.6% and 11.8% year-over-year, respectively.

• TRIFR decreased 12% sequentially, but high potential event frequency increased, prompting enhanced safety measures.

• Focus remains on organic growth, ramping up New Acland and Bengalla mines, and maintaining a resilient, low-cost profile.

Financial highlights

• Underlying EBITDA for Q4 was AUD 169.3 million, up 30.1% from the previous quarter, driven by higher coal prices and production.

• FY2026 underlying EBITDA reached AUD 514.3 million, with operational cash flows of AUD 564.1 million.

• Saleable coal production for FY2026 was 11.5 million tonnes, up 8% year-over-year and above guidance.

• Cash generation was exceptionally strong, with nearly AUD 800 million available at year-end.

• Average realised sales price for the quarter was $155.8/t, up 10.7% sequentially.

Outlook and guidance

• Expect continued volatility in energy markets due to Middle East conflict, supporting thermal coal demand.

• All physical volumes for Bengalla and New Acland mines were within or exceeded FY26 guidance ranges.

• New Acland ramp-up to 5 million tonnes per annum remains on track, with Manning Vale West pit access scheduled for H2 2026.

• Forward sales book is well supported, with most production for the next four months already sold.

• Capital expenditure expected to moderate after current projects, supporting further cash generation.