Dyno Nobel shares gain on FY25 result, earnings outlook
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More news: Dyno Nobel shares climbed after the explosives group cut its full-year loss to $53 million and issued better-than-expected earnings guidance for the 2026 financial year.
Shares were up 5.8% to $3.40 at 11:25am AEDT, taking gains to around 16% since January.
Dyno Nobel slashes full-year loss, FY26 guidance outstrips estimates
The news: Explosives group Dyno Nobel has reported a full-year statutory net loss of $53 million, marking an improvement from its $311 million loss a year ago.
The numbers: Dyno Nobel said the result included significant items of $477 million relating to the sale of its fertilisers business and non-cash impairments. Excluding these items, net profit after tax was up 6% year on year to $423 million.
Group earnings before interest and taxes (EBIT) of $714 million was at the top end of guidance of $695-715 million. It was also ahead of consensus estimates of $702 million, according to Visible Alpha data.
The context: Citi analyst William Park said it was a "solid set of results". He flagged that the company's explosives EBIT guidance for FY26 is 4% above consensus forecasts at $460-500 million.
What they said: "We expect shares likely to be up on solid FY25 result with encouraging commentary around FY26 as well as progress on Fertiliser separation," Park said.
The sources: ASX, Citi research
