New Hope Corporation Achieves Solid FY24 Results

New Hope Corporation Limited (AU:NHC) has released an update.

New Hope Corporation Limited reports robust financial performance with an Underlying EBITDA of $859.9 million for FY24, marking its third highest in history, bolstered by strong outputs from Bengalla and New Acland Mines. The company achieved significant year-over-year increases in saleable coal production and sales, with a 26% and 14% surge respectively. Safety improvements continued, with a decrease in the All-Injury Frequency Rate, and marketing initiatives ensure over 85% of the next six months’ production is already sold.

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