New Hope Group has reported increased production across its coal assets in Australia, with solid progress also made in the production rate of the Bengalla mine in New South Wales.

Group coal production reached 4.1 million tonnes (Mt) for the January 2026 quarter, up almost five per cent on the previous quarter, while coal sales rose 8.2 per cent to 2.9Mt.

The average realised sales price improved to $139 per tonne, supporting quarterly underlying earnings before interest, taxes, depreciation, and amortisation of $106.9 million and $214.8 million for the first half of the 2025-26 financial year (FY26).

The company closed the period with a robust available cash balance of $616.8 million.

At the 80 per cent-owned Bengalla mine, located in Muswellbrook, production increased 4.7 per cent to 2.2Mt as pre-strip activities intensified following prior weather disruptions.

The operation is on track to return to its 13.4 million tonnes per annum run rate in the second half of FY26, with strip ratios expected to normalise. FY26 sustaining capital guidance has been reduced to $100–130 million, reflecting capital optimisation initiatives.

In Queensland, New Acland mine delivered a 4.9 per cent lift in output to 1.8Mt, with saleable production and sales up strongly on improved rail performance and processing of higher-yielding coals.

Strategically, New Hope’s 25.97 per cent stake in Malabar Resources Limited provides exposure to growth from the Maxwell underground mine, where longwall production and conveyor commissioning are imminent.

With production guidance maintained and logistics stabilising, the company’s strong cash position and project pipeline position it to pursue further growth and capital management opportunities.

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