New Hope Corporation Limited ( (NHPEF) ) has released its Q2 earnings. Here is a breakdown of the information New Hope Corporation Limited presented to its investors.
New Hope Corporation Limited is an Australian coal producer with operations in port handling, oil and gas, and agriculture. The company has reported significant growth in its financial and operational performance for the half-year ending January 2025. Key highlights include a 35% increase in net profit after tax to $340.3 million and a 22% rise in underlying EBITDA to $517 million. Coal production and sales also saw substantial increases, with a 33% rise in saleable coal production and a 44% increase in coal sales. The company has managed to reduce its cash costs, contributing to its strong financial performance. Looking ahead, New Hope Corporation remains focused on disciplined capital management and expects continued demand for its coal products, positioning itself for further growth in the coming years.