Dyno Nobel reaffirms guidance as explosives earnings soar

Dyno Nobel (ASX:DNL) has reaffirmed its full-year earnings guidance following its first-half performance for 2026.

The company reported a surge in underlying profitability, underpinned by the legal separation of its fertiliser business, including the divestment of the Phosphate Hill site.

The explosives specialist delivered an EBIT ex IMIs of $243 million, representing a 39% increase over the prior corresponding period.

The growth was largely driven by strong operational performance across its DNAP and DNA divisions.

Statutory net profit after tax rose to $20 million, up from $7 million in H1 FY25, despite being tempered by $141 million in individually material items related to impairment and exit costs from the fertiliser transition.

Stripping away these one-off items, the net profit after tax reached $161 million, an impressive 83% jump year-on-year.

CEO Mauro Neves characterised the period as the "beginning of a new era", noting that the company’s transformation programme is delivering resilient results.

Shareholders are set to benefit from an unfranked interim dividend of 4.6 cents per share, reflecting a 50% payout ratio.

Dyno Nobel has completed $558 million of its ongoing $900 million on-market share buyback.

While financial metrics soared, the company noted a rise in its total recordable injury frequency rate to 1.22, up from 0.92.