Past year: ▲ 43%(3.82 – 6.03 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
18 Aug 2025quarterly activities report▼ Bad
FY25 saleable coal was 10.7Mt, within guidance, up 18.1%, with underlying EBITDA A$765.8m. July quarter EBITDA fell to A$93.4m as weather and port congestion cut Bengalla sales. Available cash A$707.3m, down from A$805.0m in January.
19 May 2025quarterly activities report▼ Bad
April 2025 quarter: underlying EBITDA A$155.2m, down 27.0% on lower realised price of A$147.5/t. Saleable coal 2.8Mt. Bengalla cash cost A$75.3/t. FY25 New Acland volume guidance was revised to reflect expected rail performance and availability.
25 Mar 2025security holder rights change● Neutral
Convertible note conversion price adjusted from A$6.5468 to A$6.2358 from 26 March 2025 because of the 19c dividend. Routine mechanical adjustment under the note terms; the A$300m notes are otherwise unchanged.
18 Mar 2025capital raising announcement▲ GoodMajor
New Hope announced an on-market buy-back of up to A$100m, starting about 1 April 2025 over 12 months, alongside the 19.0c interim dividend. Half-year NPAT A$340.3m; available cash A$805.0m. The board says the share price undervalues its assets.
18 Mar 2025half year report▲ Good
Half-year to 31 January 2025: NPAT A$340.3m (up 35.2%) on revenue A$1.02bn. Interim dividend 19.0c fully franked, payable 9 April 2025. Control was gained over Northern Energy Corporation and Colton Coal during the period.
18 Mar 2025investor presentation● Neutral
Half-year results presentation repeating known figures: saleable coal 5.4Mt, EBITDA A$517m, NPAT A$340m, 19c dividend. Adds that the extra 3.0% of Malabar was bought at A$2.00 per share, and Bengalla sustaining capital guidance was cut to A$185m-A$225m.
17 Feb 2025quarterly activities report● Neutral
January 2025 quarter: underlying EBITDA A$212.7m, saleable coal 2.7Mt, realised price A$159.1/t (down from A$192.4/t). Malabar stake lifted from 19.97% to 22.97%. Bengalla cash cost rose to A$76.6/t in the quarter, and the OCAA appeal is confirmed closed.
15 Jan 2025regulatory community update▲ GoodMajor
The Land Court confirmed the Oakey Coal Action Alliance appeal against the New Acland Stage 3 water licence is finalised and closed, after government consent and filing on 14 January 2025. This completes the discontinuance agreed the day before and ends that legal challenge.
14 Jan 2025regulatory community update▲ GoodMajor
New Acland and the Oakey Coal Action Alliance agreed terms to discontinue the Land Court appeal against the Stage 3 water licence. Once formalised, this ends the last legal challenge to Stage 3 approvals and clears the ramp-up. Still needs government consent and court filing.
21 Nov 2024agm notice● Neutral
All six resolutions carried, including the remuneration report, director elections, CEO rights and the auditor appointment. The lowest support was about 80.6% for the re-election of Ian Williams.
21 Nov 2024agm notice● Neutral
AGM addresses and presentation lodged. The chairman repeats FY24 NPAT of A$475.9m, available cash A$824.5m and 39c dividends. He notes the New Acland restart, with over 250 employees on site. No new figures disclosed.
21 Nov 2024auditor change● Neutral
Shareholders appointed EY as auditor at the AGM, replacing Deloitte, which resigned with ASIC's consent. No reason for the resignation is given in the announcement.
18 Nov 2024quarterly activities report▲ Good
October 2024 quarter: underlying EBITDA A$304.6m, up 40.8%, with realised price A$192.4/t. Bengalla cash cost fell to A$61.6/t. Available cash A$822.7m after the A$186.0m final dividend. FY25 saleable coal guidance set at 10.8Mt to 11.9Mt.
4 Oct 2024security holder rights change● Neutral
Convertible note conversion price adjusted from A$6.63 to A$6.5468, effective 7 October 2024, because of the 22c dividend. Routine mechanical adjustment under the note terms; no new money or change to the A$300m notes.
4 Oct 2024regulatory community update▲ Good
The Queensland Conservation Council withdrew its criminal complaint over historical West Pit mining at New Acland. The Magistrates Court dismissed it, discharged New Acland and ordered costs against the council. This resolves one of the two open New Acland legal challenges.
17 Sept 2024other● Neutral
Appendix 4G and corporate governance statement for FY24, confirming governance disclosures against ASX recommendations. Administrative filing with no new business information.
17 Sept 2024annual report● Neutral
FY24 audited results: NPAT A$475.9m, down 56.2%, on revenue of A$1.80bn, down 34.6%. Final dividend 22.0c fully franked, payable 24 October 2024. Auditor's report unmodified. The annual report notes North Surat coal assets were impaired at 31 July 2024.
17 Sept 2024half year report● Neutral
Full-year results media release: underlying EBITDA A$859.9m (down from A$1,746.6m), NPAT A$475.9m, operating cash flow A$562.0m, available cash A$824.5m. Final dividend 22.0c, taking FY24 total to 39.0c. Bengalla reached its 13.4Mtpa run rate ahead of schedule. Repeats the annual report.
17 Sept 2024resource reserve update▲ GoodMajor
Coal resources rose to 2,426Mt from 1,928Mt, mainly from 513Mt newly reported at the acquired West Muswellbrook tenement (AL19). Recoverable reserves slipped to 837Mt from 852Mt, reflecting Bengalla model updates and New Acland depletion of 2Mt. Other estimates unchanged.
17 Sept 2024resource reserve update▼ BadMajor
Bridgeport's net 2P reserves fell to 4.4 MMboe from 6.9 MMboe and 2C resources to 4.9 MMboe from 12.3 MMboe. Vali and Odin gas reserves were cut about 93% after weak appraisal results. Moonie and Kenmore CO2 recovery resources were moved to prospective after Queensland's June 2024 ban.
17 Sept 2024investor presentation● Neutral
Full-year results presentation repeating known figures: saleable coal 9.1Mt, EBITDA A$860m, NPAT A$476m, 22c final dividend. States New Acland targets about 5Mtpa by FY27 at roughly A$91/t cash cost. Capital is funded from operating cash flow. Largely restates the release.
19 Aug 2024quarterly activities report● Neutral
July 2024 quarter: underlying EBITDA A$216.3m, in line with the prior quarter; FY24 EBITDA A$859.9m, third highest in company history. FY24 saleable coal 9.1Mt, up 26%. Available cash A$824.5m after the A$300m convertible notes. NSW reservation scheme ended; royalties rose to 10.8%.
12 July 2024debt financing● Neutral
Settlement of the A$300m 4.25% senior convertible notes due 2029 occurred on 12 July 2024. Singapore listing is expected 15 July. New Hope now carries convertible debt again after being debt-free.
4 July 2024debt financing● NeutralMajor
Priced A$300m 4.25% convertible notes due July 2029, conversion price A$6.63 (30% premium). Net proceeds about A$293.3m. Capped calls with a A$9.18 cap price are meant to reduce dilution; New Hope may settle conversions in cash. Ends the debt-free position once settled.
3 July 2024debt financing● NeutralMajor
New Hope launched a A$300m senior unsecured convertible notes offering due 2029, with a put option in July 2027 and capped call options to limit dilution. Proceeds are for general corporate purposes. This follows the 2021 notes, which were fully repurchased.
20 May 2024quarterly activities report▲ Good
April 2024 quarter: saleable coal 2.5Mt, up 20.7%; underlying EBITDA A$218.8m, up 21.6%; realised price A$179.78/t. New Acland FY24 sales guidance raised from 0.66Mt to 0.80Mt. Cash A$381.3m after the A$143.7m dividend and A$79.7m Malabar commitment.
19 Mar 2024investor presentation● Neutral
Half-year results presentation repeating known figures: underlying EBITDA A$425m, NPAT A$252m, saleable coal 4.1Mt, 17c interim dividend. Lists Malabar at 19.9% and Maxwell as an operating mine. No new information.
19 Mar 2024half year report▼ Bad
Half-year to 31 January 2024: NPAT A$251.7m, down 62.4%, on revenue of A$856.6m (down 45.9%). Interim dividend 17.0c, payable 1 May 2024. Operating cash flow A$130.6m; cash A$296.1m after A$160m put into fixed income investments.
19 Mar 2024half year report● Neutral
Half-year media release repeating results: NPAT A$251.7m, underlying EBITDA A$424.8m, 17c interim dividend (A$143.7m). First New Acland Stage 3 coal sold. The CEO cited the AL19 tenement and EL9431 exploration near Bengalla as long-term options. Repeats the report.
21 Feb 2024asset acquisition disposition● Neutral
Malabar's equity raise was upsized to about A$180m. New Hope's firm commitment takes its stake from 15% to 19.9%: A$75.7m for 42.1m shares at A$1.80, settling 23 Feb, plus about A$4m in a later tranche. No mention of the conditional 23% allocation.
