New Hope (NHC) AGM 2024 summary
Event summary combining transcript, slides, and related documents.
AGM 2024 summary
13 Jun, 2025Opening remarks and agenda
AGM held on 21 November 2024 at Muswellbrook RSL Club, chaired by Robert Millner AO.
Financial performance review
NPAT of $476M, a 56% decrease from prior year.
Underlying EBITDA at $860M, down 51%.
Cash flow from operations at $562M, a 63% decrease.
Saleable coal production increased 26% to 9.1Mt; ROM coal production up 32% to 12.3Mt.
Realised price per tonne fell 43% to $195; underlying margin dropped 62% to $89/t.
Board and executive committee updates
Director re-elections: Ian Williams and Tom Millner; Brent Smith elected to fill a casual vacancy in July 2024.
Board includes expertise in legal, risk, sustainability, capital management, and mining sectors.
Partial view of Summaries dataset, powered by Quartr API
Latest events from New Hope
- Earnings dropped on lower prices, but liquidity, dividends, and production remained strong.NHC
H1 202617 Mar 2026 - Coal output and sales rose, EBITDA steady, cash up, but safety metrics worsened.NHC
Q2 2026 TU16 Feb 2026 - Net profit up 35% to $340.3m, driven by higher coal output, lower costs, and strong cash returns.NHC
H1 202526 Dec 2025 - Production and EBITDA surged year-over-year, but coal prices and logistics remain key challenges.NHC
Q2 2025 TU23 Dec 2025 - EBITDA down 27% on lower prices; strong liquidity supports dividends and buyback.NHC
Q3 2025 TU25 Nov 2025 - FY25 coal output up 18%, EBITDA AUD 766M, cash AUD 707M, guidance met despite weather impacts.NHC
Q4 2025 TU23 Nov 2025 - Operational growth, cost reductions, and strong governance marked the year despite lower earnings.NHC
AGM 2025 Presentation20 Nov 2025 - EBITDA and coal output rose; FY2026 targets 10.2–11.5 Mt, cash and dividend focus remains.NHC
Q1 2026 TU17 Nov 2025 - EBITDA was $766M on 18% higher coal output, supporting $347M in dividends and a new DRP.NHC
H2 202516 Sep 2025