New Hope Corporation Limited (NHC) Q2 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.797 Good morning everyone. Thank you for joining us today at our FY25 half year results presentation. 00:00:05.797 -- 00:00:10.641 I'm joined by Rebecca Minardi on my left, our CFO, and Dominic O'Brien on my right, our 00:00:10.641 -- 00:00:13.584 Executive General Manager and Company Secretary. 00:00:13.584 -- 00:00:17.128 Today I'll be stepping you through our key highlights for the first half of the year 00:00:17.128 -- 00:00:20.529 and then we'll move straight into Q&A session. 00:00:23.014 -- 00:00:26.963 It's been a strong first half for the 2025 financial year for New Hope. 00:00:26.963 -- 00:00:31.570 Pleasingly, we've seen an improvement in safety with our 12 month moving average TRIFA 00:00:31.570 -- 00:00:37.275 decreasing by 18% over the past six months from 4.99 to 4.08. 00:00:37.899 -- 00:00:41.625 We know we have more work to do, but it's positive to see the performance against those 00:00:41.625 -- 00:00:47.394 safety metrics improve. Operationally, the group has reported an increase in coal volumes. 00:00:47.394 -- 00:00:53.525 Rom coal production was 8.3 million tonnes, a 56% increase on the first half of 2024. 00:00:53.525 -- 00:00:57.932 Saleable coal production was 5.4 million tonnes, up 33%, 00:00:57.932 -- 00:01:00.756 and coal sales were 5.4 million tonnes, up 44%. 00:01:00.756 -- 00:01:02.438 This 00:01:02.438 -- 00:01:06.705 result reflects the continued execution of our organic growth plans, where we are targeting 00:01:06.705 -- 00:01:09.289 significant production increases. 00:01:09.289 -- 00:01:14.537 In terms of our financial highlights, we delivered an underlying EBITDA of $517 00:01:14.537 -- 00:01:16.700 million, a 22% 00:01:16.700 -- 00:01:21.780 increase, and a statutory net profit after tax of $340 ...