New Hope Corporation Limited (NHC) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. Thank you for joining us today for today's presentation. I'm Rob Bishop, Chief Executive Officer of the New Hope Group. I'm joined by Rebecca Rinaldi, our CFO, and Dominic O'Brien, Executive General Manager and Company Secretary. Before we begin, I would like to touch upon the escalating conflict in Iran and across the Middle East. The loss of civilian life and the scale of displacement are deeply distressing. The conflict has heightened concerns around global energy security, contributing to increased volatility across the energy markets, including upward pressure on coal price. The company is closely monitoring the situation and assessing how these developments may impact our operations, markets and broader business outlook, ensuring we respond in a measured and responsible manner. Further updates will be provided in future reporting. This morning, we released our half-year results for the 2026 financial year. Hopefully, you've had a chance to go through the presentation, but in any case, I'll step you through our key highlights before we open up the lines for the Q&A session. Over the last six months, we have seen an unfavourable movement in our 12-month moving average TRIFA, which has increased from 3.22 to 3.8. The safety of our people remains our highest priority, and we are implementing targeted measures to address this trend. Despite a period of recovery at Bengala Mine, the group maintained saleable coal production volumes compared to the previous period, thanks to the continued ramp up of operations at New Ackland Mine. The group delivered run of mine coal production of 7.9 million tonnes, saleable coal production of 5.5 million tonnes and coal sales of 5.6 million tonnes. In terms of our financial highlights, we delivered an underly...