Dyno Nobel reports $66M statutory profit in FY26
Key points
- Dyno Nobel recorded a statutory net profit after tax of $66 million for FY26.
- Statutory EBIT ex IMIs dropped to $504 million from $714 million in FY25.
- The group finalised the sale of Phosphate Hill to focus entirely on commercial explosives.
Dyno Nobel (ASX:DNL) posted a statutory net profit after tax of $66 million for FY26 as underlying explosives earnings rose.
The statutory profit marks a turnaround from a $53 million loss in FY25, though statutory EBIT ex IMIs fell from $714 million to $504 million.
Underlying earnings before interest and tax in the core explosives business increased 12% to $485 million, up from $434 million in the prior corresponding period.
The company concluded its fertiliser business separation in June through the sale of Phosphate Hill, which management stated achieved its goal to become a pure-play explosives supplier.
CEO & Managing Director Mauro Neves said, "We delivered on earnings guidance provided at this time last year, completed our separation from the fertilisers business, and made significant progress on our energetics growth objectives."
Following the announcement, the Dyno Nobel share price was unchanged at $3.82.
The Nitradyn joint venture secured a US$581 million project in September to manufacture energetic materials at Dyno Nobel's site in Graham, Kentucky.
Combined with an earlier contract, the company stated it has secured US$1 billion in government-funded energetics projects to date.
