Dyno Nobel Limited.

DNL.ASX

Materials

Manufacture and distribution of industrial explosives, industrial chemicals, and the provision of related services.

Market Data

Price

$3.820

-0.0%
Market Cap

$6.8B

P/E Ratio

27.4x

EPS

$0.141

Div. Yield

3.69%

52-Week Change

+0.2%

Latest Earnings

2026 Half Year Results Announcement

11 May 2026

Revenue
$1,898
-15.7% YoY
NPAT
$160.90
+83.3% YoY
EPS
$0.09
Dividend
$0.05

Dyno Nobel delivered strong 1H26 results as a pure-play explosives business, with underlying EBIT of $243m (+39% YoY) and NPAT of $161m (+83% YoY), driven by robust performance across DNAP and DNA segments. The company completed its separation from fertilisers with the binding sale of Phosphate Hill and reaffirmed FY26 EBIT guidance of $460m-$500m, positioning itself as a resilient global explosives leader with momentum toward its FY28 EBIT ambition of $600m. Key points: Underlying EBIT grew 39% YoY to $243m, with strong contributions from DNAP (+16% to $130m) and DNA (+42% to $101m), demonstrating transformation program momentum; Underlying NPAT surged 83% YoY to $161m (9.0 cps), driven by robust earnings growth and improved operational efficiency across explosives segments; Completed fertilisers separation with binding agreement to sell Phosphate Hill and finalized Perdaman Offtake Agreement sale, transitioning to pure-play explosives business

Recent Announcements

4 Jun 2026 Sph Neutral

Ceasing to be a substantial holder

Bank of America Corporation ceased to be a substantial holder.

11 May 2026 Supplementary Neutral

2026 Half Year Results Investor Presentation

Dyno Nobel Limited (formerly Incitec Pivot Limited, name changed 31 March 2025) released its 1H26 half-year financial results presentation, reporting explosives underlying EBIT of $243m (+28% YoY) and group NPAT of $161m (+83%), with FY26 explosives EBIT guidance of $460m-$500m and a $1.4 billion capital return program underway.

11 May 2026 Actual Results Positive

2026 Half Year Results Announcement

Dyno Nobel delivered strong 1H26 results as a pure-play explosives business, with underlying EBIT of $243m (+39% YoY) and NPAT of $161m (+83% YoY), driven by robust performance across DNAP and DNA segments. The company completed its separation from fertilisers with the binding sale of Phosphate Hill and reaffirmed FY26 EBIT guidance of $460m-$500m, positioning itself as a resilient global explosives leader with momentum toward its FY28 EBIT ambition of $600m. Key points: Underlying EBIT grew 39% YoY to $243m, with strong contributions from DNAP (+16% to $130m) and DNA (+42% to $101m), demonstrating transformation program momentum; Underlying NPAT surged 83% YoY to $161m (9.0 cps), driven by robust earnings growth and improved operational efficiency across explosives segments; Completed fertilisers separation with binding agreement to sell Phosphate Hill and finalized Perdaman Offtake Agreement sale, transitioning to pure-play explosives business

11 May 2026 Actual Results Positive

Appendix 4D & 2026 Half Year Financial Report

Dyno Nobel reported HY26 continuing operations revenue of $1,609.8m (+9% yoy) with net profit of $144.5m (+298% yoy), driven by strong operational performance and prior-year impairments. However, total reported profit of $19.9m was heavily impacted by $124.6m loss from discontinued operations (Phosphate Hill impairment of $125.9m), reflecting the strategic exit from fertiliser manufacturing announced in March 2026. Key points: Continuing operations revenue grew 9% yoy to $1,609.8m, demonstrating underlying business strength; Continuing operations net profit surged 298% yoy to $144.5m, with underlying NPAT of $148.4m up 94%, benefiting from prior-year impairment comparatives; Interim dividend increased 92% to 4.6 cents per share (unfranked), reflecting confidence in cash generation

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