Sept 16 (Reuters) - Australian coal miner New Hope Corporation (NHC.AX) , opens new tab posted a 7.7% drop in its annual profit on Tuesday, missing estimates, as lower realised pricing weighed over increased sales volume.

The company, which is largely a thermal coal producer, realised average sales price of A$157 per ton, a 14.3% decrease from a year earlier.

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Its New Acland mine had experienced challenges with rail capacity in the quarter ended April 30, as rail network constraints led to a "significant" increase in inventory, according to New Hope.

Despite significant weather challenges and logistics constraints, New Hope's saleable coal production increased by 18.1% for the full year to 10.7 million metric tons, while sales increased by 21.4% from the previous year.

It declared a final dividend of 15 Australian cents per ordinary share compared with 22 Australian cents a year earlier.

For the year ended July 31, the miner reported a net profit after tax of A$439.4 million ($293.04 million), down from A$475.9 million reported a year earlier. It missed the Visible Alpha estimates of A$455.9 million.

($1 = 1.4995 Australian dollars)

https://www.reuters.com/business/energy/australian-coal-miner-new-hope-logs-77-drop-annual-profit-2025-09-15/