Earnings release
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New Hope Corporation Limited | ABN 38 010 653 844 | newhopegroup.com.au 1 of 10 Quarterly Activities Report 31 July 2026 Group Metrics5 Quarter ended Year to date Jul-26 Apr-26 Change Jul-26 Jul-25 Change Prime overburden ‘000 bcm 16,304 18,187 (10.4%) 69,166 63,131 9.6% ROM coal production ‘000t 4,740 4,259 11.3% 16,925 16,382 3.3% ROM strip ratio – prime bcm/t 3.4x 4.3x 19.5% 4.1x 3.9x (6.0%) Saleable coal production ‘000t 3,055 3,006 1.6% 11,518 10,708 7.6% Coal sales ‘000t 3,023 3,196 (5.4%) 11,789 10,546 11.8% Product stocks ‘000t 564 523 7.9% 564 830 (32.0%) 1Financial figures are subject to final audit. 2Currency refers to Australian dollars unless otherwise stated . 3Earnings before interest, taxes, depreciation and amortisation (EBITDA) is a non -IFRS measure and has not been audited. 4 Includes cash and cash equivalents of $484.8 million and fixed income investments of $293.7 million, which are reported as other financial assets. 5 Reflects Bengalla Mine at 80 per cent interest and excludes equity interest in Malabar Resources Limited (25.97 per ce nt. Highlights1 • Strong mining performance with ROM coal production of 4.7Mt for the quarter, 11.3 percent higher than the previous quarter, driven by Bengalla Mine achieving well in excess of its 13.4Mtpa target (100% basis). • Solid full year operating performance with both saleable coal production of 11.5Mt and coal sales of 11.8Mt exceeding the high end of guidance ranges (10.2Mt – 11.5Mt), reflecting a 7.6 percent and 11.8 percent increase, respectively, on the 2025 financial year. • Bengalla Mine achieved an FOB cash cost (excluding state royalties) of $81.3 per sales tonne for the 2026 financial year, aligned to the low end of guidance. • Average realised sales price of $155.8/t2 achieved for the quarter, 10.7 per cent higher than the previous quarter, driven by increases in both the gC NEWC 6000 and API-5 index. • Underlying EBITDA3 of $169.3 million, an increase of 30.1 per cent on the previous quarter. Underlying EBITDA3 of $514.3 million for the 2026 financial year. • Cash generated from operating activities was $564.1 million for the 2026 financial year, with available cash of $778.5 million4 as at 31 July 2026. ASX Release 17 August 2026
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ASX Release – 17 August 2026 Quarterly Activities Report – 31 July 2026 New Hope Corporation Limited | ABN 38 010 653 844 | newhopegroup.com.au 2 of 10 Safety and wellbeing The Company’s primary safety indicators measure exposure to events and conditions with the potential for fatal or catastrophic consequences, reflecting the Group’s focus on critical risk management. During the quarter there were four high potential events with the High Potential Event Frequency Rate (HPEFR) increasing to 4.65, compared to 1.21 in the previous quarter. There were eight high potential hazards with the High Potential Hazard Frequency Rate (HPHFR) increasing to 9.29 from 4.86 in the previous quarter. During the quarter there were fourteen notifiable events reported to the relevant regulators. The All-Injury Frequency Rate (AIFR) for the quarter was 27.88, down from 35.22 1 at the end of the previous quarter. On a twelve-month moving average basis, the AIFR has increased to 30.83, compared to 29.882 at the end of the previous quarter. The Company continues to monitor Total Recordable Injury Frequency Rate (TRIFR) as a supplementary indicator of safety performance. The Company’s twelve-month moving average TRIFR was 3.89 at the end of the quarter, down from 4.43 at the end of the previous quarter. Critical and fatal-risk management remains a continuing focus for the Group. In response to the increase in high potential events and informed by recent serious events across the broader industry, the Group has renewed its focus on the effectiveness of controls for fatal risks. This has included Group-wide safety pauses, increased frontline engagement and targeted review and verification of critical controls. 1The AIFR for the quarter ended 30 April 2026 has been revised down from 37.66 to 35.22 following the reclassification of two first aid Injuries to report only one and one to occupational Injury/Illness. 2The twelve-month average AIFR as at 30 April 2026 has been revised down from 31.30 to 29.88 following the reclassification of two first aid Injuries to report only and one to occupational Injury/Illness. - 2.0 4.0 6.0 8.0 10.0 12.0 20.0 22.0 24.0 26.0 28.0 30.0 32.0 34.0 36.0 Jan-23 Jul-23 Jan-24 Jul-24 Jan-25 Jul-25 Jan-26 Jul-26 Group safety metrics AIFR - twelve-month average (LHS) TRIFR - twelve-month average (RHS) HPEFR - twelve-month average (RHS)
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ASX Release – 17 August 2026 Quarterly Activities Report – 31 July 2026 New Hope Corporation Limited | ABN 38 010 653 844 | newhopegroup.com.au 3 of 10 New South Wales operations Quarter ended Year to date NSW Operations1 Jul-26 Apr-26 Change Jul-26 Jul-25 Change Bengalla Mine Prime overburden ‘000 bcm 12,089 13,767 (12.2%) 50,916 45,941 10.8% ROM coal production ‘000t 3,036 2,610 16.3% 10,031 10,035 -% ROM strip ratio – prime bcm/t 4.0x 5.3x 24.5% 5.1x 4.6x (10.9%) Saleable coal production ‘000t 2,272 2,103 8.0% 8,186 7,866 4.1% Coal sales ‘000t 2,130 2,239 (4.9%) 8,233 7,949 3.6% Product stocks ‘000t 302 161 88.0% 302 349 (13.4%) FOB cash cost (excl. royalty)2,3 A$/sales t 84.5 74.0 (14.2%) 81.3 76.5 (6.2%) Sustaining capital3,4 $m 27.1 18.4 47.5% 84.0 177.8 (52.7%) 1 Reflects Bengalla Mine at 80 per cent interest and excludes equity interest in Malabar Resources Limited (25.97 per cent). 2Excluding royalties and trade coal. 3Financial figures are subject to final audit. 4Sustaining capital for the quarter ended 30 April 2026 has been restated from $19.2 million to $18.4 million following a reclassification. Bengalla Mine – 80 per cent joint venture interest Bengalla Mine recorded a strong finish to the 2026 financial year, with the operation performing at the 13.4Mtpa Run of Mine (ROM) coal production rate (100 per cent basis) during the quarter. Prime waste movement was 12.1Mbcm, 12.2 per cent lower than the previous quarter, whilst ROM coal production was 3.0Mt, a 16.3 per cent increase on the previous quarter. Movements in both prime waste and ROM coal volumes were driven by a moderating strip ratio following significant overburden removal in previous quarters as part of the planned operational recovery actioned within the pit in response to wet weather impacts at the start of the 2026 financial year. Saleable coal production was 2.3Mt, up 8 per cent compared to the previous quarter, driven by increased ROM coal volumes. Coal sales were 2.1Mt, a decrease of 4.9 per cent compared to the previous quarter, which included the benefit of a drawdown on product stocks. Overall, the 2026 financial year reflected a period of operational recovery at Bengalla Mine, following the significant weather events late in the 2025 financial year. Bengalla Mine delivered a strong full year result, with both saleable coal production and coal sales of 8.2Mt exceeding guidance ranges of 7.4Mt – 8.1Mt. Bengalla Mine’s FOB cash cost (excluding state royalties) was $84.5 per sales tonne for the quarter, 14.2 per cent higher than the previous quarter, reflecting lower coal sales volumes. For the 2026 financial year, Bengalla Mine delivered an FOB cash cost (excluding state royalties) of $81.3 per sales tonne, achieving the lower end of its guidance range of $81 - $89 per sales tonne. This result in an inflationary cost environment demonstrates the operation’s disciplined cost management, consistent operating performance and ability to absorb higher-than-usual waste movement while maintaining cost outcomes within guidance. Bengalla Mine’s sustaining capital for the 2026 financial year of $84 million was lower than the revised guidance range of $100 million - $130 million. This result is due to a combination of timing of infrastructure projects and our disciplined approach, focusing on capital optimisation.
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ASX Release – 17 August 2026 Quarterly Activities Report – 31 July 2026 New Hope Corporation Limited | ABN 38 010 653 844 | newhopegroup.com.au 4 of 10 Queensland operations Quarter ended Year to date QLD Operations Jul-26 Apr-26 Change Jul-26 Jul-25 Change New Acland Mine Prime overburden ‘000 bcm 4,215 4,420 (4.6%) 18,251 17,191 6.2% ROM coal production ‘000t 1,704 1,649 3.3% 6,893 6,347 8.6% ROM strip ratio – prime bcm/t 2.5x 2.7x 7.7% 2.6x 2.7x 2.2% Saleable coal production ‘000t 783 902 (13.2%) 3,332 2,842 17.3% Coal sales ‘000t 893 957 (6.7%) 3,556 2,597 37.0% Product stocks ‘000t 262 363 (27.6%) 262 481 (45.4%) Queensland Bulk Handling QBH Export ‘000t 1,283 1,554 (17.5%) 5,779 5,157 12.1% New Acland Mine New Acland Mine moved 4.2Mbcm of prime waste from the Manning Vale East and Willeroo Pits during the quarter, down 4.6 per cent compared to the previous quarter, with ROM coal production of 1.7Mt, a 3.3 per cent increase. Saleable coal production was 0.8Mt, a 13.2 per cent decrease compared to the previous quarter, reflecting planned CHPP maintenance shutdowns, together with operating constraints associated with noise limits under approval conditions, which were more pronounced during cooler months. Coal sa les totalled 0.9Mt, 6.7 per cent lower than the previous quarter, primarily due to rail cancellations across the network resulting from Queensland Rail protected industrial action. Notwithstanding these network disruptions, New Acland Mine’s cancellation rate remained below target, reflecting a strong operational focus on train loading and logistics execution. New Acland Mine achieved a strong result for the 2026 financial year, ROM coal production totalled 6.9Mt and saleable coal production totalled 3.3Mt, both toward the higher end of guidance ranges. New Acland Mine was able to take advantage of increased spot rail capacity during the 2026 financial year and achieved coal sales of 3.6Mt, exceeding its guidance range of 2.8Mt – 3.4Mt. New Acland Mine’s workforce has stabilised at over 300 employees, with the next operational intake expected to align with access to the Manning Vale West pit in the second half of 2026. The major public road realignment required to enable access to the mining area remains on schedule and within budget, with minimal wet-weather disruption to date. The remaining approval-related road works will be completed progressively as mining advances, with forecast expenditure of $65 to $75 million supporting the mine’s growth. Capital expenditure on the additional fleet required to support the mine’s growth also remains on schedule, with most items now committed or on site and ready for work. Queensland Bulk Handling (QBH) QBH export throughput was 1.3Mt for the quarter, a decrease of 17.5 per cent compared to the previous quarter driven by lower coal sales during the quarter. Export throughput for the 2026 financial year was 5.8Mt, a 12.1 per cent increase from the 2025 financial year reflecting the ramp up at New Acland Mine.
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ASX Release – 17 August 2026 Quarterly Activities Report – 31 July 2026 New Hope Corporation Limited | ABN 38 010 653 844 | newhopegroup.com.au 5 of 10 Strategic investments Malabar Resources Limited (Malabar) – 25.97 per cent equity interest On 9 July 2026, Malabar officially opened the Maxwell Underground Mine, achieving a major milestone signifying the transition from construction to production, and 430 permanent jobs in the Upper Hunter Valley. On 14 April 2026, Malabar announced the first shears of coal from the longwall, with performance continuing to improve throughout the June quarter. ROM coal production from the longwall operation was 0.5Mt during the quarter. Malabar completed a detailed assessment of the longwall panels, making the decision to accelerate expansion, widening panels to deliver significant improvement to production and productivity. Development of underground roadways continued in parallel to longwall production and will continue to be a key focus area over the coming twelve months as the panels lengthen. Bord & Pillar ROM coal production was 0.1Mt during the quarter, with approximately 5,470 metres of development achieved, a quarterly record for the operation. During the period, Malabar transitioned the Bord & Pillar to a seven-day operation. Pillar extraction is scheduled to commence during the third quarter of calendar year 2026 and is expected to provide a step up in productivity. During the March quarter, Malabar commissioned the overland conveyor from the Mine Entry Area to the CHPP, which saw strong performance during the June quarter. Malabar continues to see strong demand for its high-quality product, recording 0.2Mt of produced coal sales during the June quarter. Malabar received an average realised price of US$142/t, representing a 5 per cent premium to the gC NEWC 6000 over the same period.
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ASX Release – 17 August 2026 Quarterly Activities Report – 31 July 2026 New Hope Corporation Limited | ABN 38 010 653 844 | newhopegroup.com.au 6 of 10 Marketing, sales and logistics Marketing and sales The gC NEWC 6000 index average price for the quarter was US$135.2/t, a 5.9 per cent increase from the previous quarter of US$127.6/t. The API-5 index average price for the quarter was US$97.5/t, a 12.7 per cent increase from the previous quarter of US$86.5t. The Group’s average realised sales price for the quarter was A$155.8/t, an increase of 10.7 per cent from the previous quarter, driven by increases in both the gC NEWC 6000 and API-5 5500 pricing. Geopolitical conflict in the Middle East has persisted, causing disruption and uncertainty to global energy markets. Global coal markets observed favourable price movements during the quarter, largely driven by concerns surrounding Middle Eastern LNG availability and shifting gas-to-coal for power generation. Japan, Taiwan and South Korea continue to prioritise coal fired power generation due to elevated LNG prices and supply shortages. The Northern Hemisphere is currently observing extreme summer conditions, driving increased coal demand and providing additional pricing support. Domestic production in China declined during the quarter, following a mine accident and subsequent safety inspections. Simultaneously, China has begun summer restocking, providing pricing support for low-CV thermal coal. On the supply side, Australia has recorded strong thermal coal production, with minimal wet weather impacts and strong mining conditions. The Indonesian governments export centralisation policy rollout continues, curtailing production and causing supply-side disruptions. The Company continues to closely monitor any new developments in the Middle East. Looking ahead, the Group’s forward sales book remains well supported with the majority of production for the next 4 months sold. Quarter ended Year to date Coal Sales Jul-26 Apr-26 Change Jul-26 Jul-25 Change Bengalla Mine1 Total Coal Sales ‘000t 2,130 2,239 (5%) 8,233 7,949 4% Low ash % 45% 54% (9%) 53% 57% (5%) High ash % 55% 46% 9% 47% 43% 5% New Acland Mine Total Coal sales ‘000t 893 957 (7%) 3,556 2,597 37% Low ash % 39% 24% 16% 33% 33% -% High ash % 61% 76% (16%) 67% 67% -% Coal Pricing2 gC NEWC 6000 US$/t 135.2 127.6 6% 119.7 118.7 1% API-5 5500 US$/t 97.5 86.5 13% 83.3 78.0 7% Realised Pricing – US$3,4 Group US$/t 110.0 98.7 11% 97.9 103.1 (5%) Bengalla Mine US$/t 110.8 102.5 8% 100.6 107.7 (7%) New Acland Mine US$/t 108.3 90.7 19% 91.9 89.9 3% Realised Pricing – A$3,5 Group A$/t 155.8 140.7 11% 143.2 157.1 (9%) Bengalla Mine A$/t 156.7 145.7 8% 147.0 162.8 (10%) New Acland Mine A$/t 153.5 129.0 19% 134.4 139.5 (4%) 1 Reflects Bengalla Mine at 80 per cent interest. 2 Source – globalCOAL and Argus/McCloskey. 3 Excludes commodity price and foreign exchange hedging gains/losses . 4 Excludes domestic coal sales. 5 Includes domestic sales.
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ASX Release – 17 August 2026 Quarterly Activities Report – 31 July 2026 New Hope Corporation Limited | ABN 38 010 653 844 | newhopegroup.com.au 7 of 10 Logistics Bengalla Mine delivered a solid logistics performance for the quarter. Rail haulage optionality provided important supply chain resilience when rail-related service provider impacts emerged, enabling volumes to be managed across alternative providers where required. Although weather -related events affected outbound throughput across the broader Hunter Valley supply chain, proactive planning and effective logistics execution enabled Bengalla Mine to minimise these impacts and sustain reliable deliveries throughout the quarter. Rail performance for New Acland Mine was constrained during the quarter, primarily due to extended Cross River Rail possession outages and protected industrial action undertaken by Queensland Rail employees in May and July 2026. The Company continues to actively engage with Queensland Rail and its service providers to mitigate ongoing disruption risk and improve rail reliability. 50 70 90 110 130 150 170 Jul-24 Oct-24 Jan-25 Apr-25 Jul-25 Oct-25 Jan-26 Apr-26 Jul-26 US$/t gC NEWC 6000 and API-5 historical pricing gC NEWC 6000 API-5
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ASX Release – 17 August 2026 Quarterly Activities Report – 31 July 2026 New Hope Corporation Limited | ABN 38 010 653 844 | newhopegroup.com.au 8 of 10 Exploration During the quarter, $0.9 million of expenditure was incurred for the Group’s exploration activities. Bengalla Exploration License (EL9431) – 80 per cent joint venture interest Bengalla Mine continues to evaluate opportunities to extend mining operations beyond the current approved mine life. Following the completion of recent exploration activities across EL9431, the resulting data has been incorporated into an updated geological model and the Company will release its updated annual Coal Resources and Reserves Statement on 15 September 2026 The updated geological model is being utilised in pre-feasibility study mine planning work, with a focus on further assessing the preferred production strategy and mine sequencing options. During the quarter, preliminary Environmental Impact Statement studies and field surveys were commenced to support future environmental approvals. West Muswellbrook (AL19) tenement A review of a small number of historical exploration drill holes across the lease area was completed during the quarter, with associated lithological interpretations and seam correlations updated where required. No additional exploration or planning activities were undertaken during the period. AL19 is due for renewal in the first quarter of the 2027 financial year. Accordingly, an application for renewal of the Assessment Lease has been prepared and for submission to the NSW Department. Corporate Cash and cash equivalents The Company’s available cash balance as at 31 July 2026 was $778.5 million, consisting of $484.8 million in cash and cash equivalents and $293.7 million in fixed income investments. Senior convertible notes During the quarter the Company revised the terms of certain cash-settled call options (Capped Call Transactions) such that they now apply to a portion of the new senior unsecured convertible notes. The Capped Call Transactions provide the Company with an economic hedge up to a cap price. The Capped Call Transactions are designed to manage potential and future dilution risk from conversion of the convertible notes.
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ASX Release – 17 August 2026 Quarterly Activities Report – 31 July 2026 New Hope Corporation Limited | ABN 38 010 653 844 | newhopegroup.com.au 9 of 10 FY26 Guidance Bengalla Mine and New Acland Mine recorded strong operational performance throughout the 2026 financial year, with all physical volumes within or exceeding guidance ranges. FY26 Actuals FY26 Guidance New Hope Group ROM coal production ‘000t 16,925 15,700 – 17,700 Saleable coal production ‘000t 11,518 10,200 – 11,500 Coal sales ‘000t 11,789 10,200 – 11,500 NSW Operations1 Bengalla Mine ROM coal production ‘000t 10,031 9,400 – 10,200 Saleable coal production ‘000t 8,186 7,400 – 8,100 Coal sales ‘000t 8,233 7,400 – 8,100 FOB cash cost (excl. royalty)2 A$/sales t 81.3 81 – 89 Sustaining capital2,3 A$m 84.0 100 - 130 QLD Operations New Acland Mine ROM coal production ‘000t 6,893 6,300 – 7,500 Saleable coal production ‘000t 3,332 2,800 – 3,400 Coal sales ‘000t 3,556 2,800 – 3,400 1 Reflects Bengalla Mine at 80 per cent interest and excludes equity interest in Malabar Resources Limited (25.97 per cent). 2 Financial figures are subject to final audit. 3Revised guidance as released in the Quarterly Activities Report dated 16 February 2026. ENDS Investor and analyst teleconference Chief Executive Officer, Rob Bishop will host a teleconference to provide an overview of the Quarterly Activities Report, followed by a sell-side analyst Q&A session. Date: Monday, 17 August 2026 Time: 11:00am AEST Dial-in details: https://ccmediaframe.com/?id=rxuj0ANC For more information, please contact: Robert Bishop Rebecca Rinaldi Dominic O’Brien Chief Executive Officer Chief Financial Officer Executive General Manager & Company Secretary P +61 7 3418 0500 E cosec@newhopegroup.com.au This ASX announcement was approved and authorised by the Board.
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ASX Release – 17 August 2026 Quarterly Activities Report – 31 July 2026 New Hope Corporation Limited | ABN 38 010 653 844 | newhopegroup.com.au 10 of 10 Consolidated Production Metrics Quarter ended Year to date Jul-26 Apr-26 Change Jul-26 Jul-25 Change Group Metrics Prime overburden ‘000 bcm 16,304 18,187 (10.4%) 69,166 63,131 9.6% ROM coal production ‘000t 4,740 4,259 11.3% 16,925 16,382 3.3% ROM strip ratio – prime bcm/t 3.4x 4.3x 19.5% 4.1x 3.9x (6.0%) Saleable coal production ‘000t 3,055 3,006 1.6% 11,518 10,708 7.6% Coal sales ‘000t 3,023 3,196 (5.4%) 11,789 10,546 11.8% Product stocks ‘000t 564 523 7.9% 564 830 (32.0%) NSW Operations1 Bengalla Mine Prime overburden ‘000 bcm 12,089 13,767 (12.2%) 50,916 45,941 10.8% ROM coal production ‘000t 3,036 2,610 16.3% 10,031 10,035 -% ROM strip ratio – prime bcm/t 4.0x 5.3x 24.5% 5.1x 4.6x (10.9%) Saleable coal production ‘000t 2,272 2,103 8.0% 8,186 7,866 4.1% Coal sales ‘000t 2,130 2,239 (4.9%) 8,233 7,949 3.6% Product stocks ‘000t 302 161 88.0% 302 349 (13.4%) FOB cash cost (excl. Royalty)2,3 A$/sales t 84.5 74.0 (14.2%) 81.3 76.5 (6.2%) Sustaining capital3,4 A$m 27.1 18.4 47.5% 84.0 177.8 (52.7%) QLD Operations New Acland Mine Prime overburden ‘000 bcm 4,215 4,420 (4.6%) 18,251 17,191 6.2% ROM coal production ‘000t 1,704 1,649 3.3% 6,893 6,347 8.6% ROM strip ratio – prime bcm/t 2.5x 2.7x 7.7% 2.6x 2.7x 2.2% Saleable coal production ‘000t 783 902 (13.2%) 3,332 2,842 17.3% Coal sales ‘000t 893 957 (6.7%) 3,556 2,597 37.0% Product stocks ‘000t 262 363 (27.6%) 262 481 (45.4%) QBH Export throughput ‘000t 1,283 1,554 (17.5%) 5,779 5,157 12.1% 1Reflects Bengalla Mine at 80 per cent interest and excludes equity interest in Malabar Resources Limited (25.97 per cent). 2Excluding royalties and trade coal. 3Financial figures are subject to final audit. 4Sustaining capital for the quarter ended 30 April 2026 has been restated from $19.2 million to $18.4 million following a recl assification.