Orica statutory profit drops 69% on significant items
Make us a preferred source
Make us a preferred source on Google
The news: Explosives manufacturer Orica has reported a 69% slide in statutory net profit after tax (NPAT) for the 2025 financial year, as previously disclosed litigation costs weighed on the result.
The numbers: Orica reported statutory NPAT of $162 million, including $379 million of significant items.
Excluding significant items, NPAT was up 32% year on year to $541 million.
Earnings before interest and taxes climbed 23% to $992 million, marking the group's highest earnings in 13 years.
The company's full-year dividend of 57 cents per share is up 10 cents, or 21%, on the prior year.
The context: Orica said it has started the new financial year with "good momentum". Earnings growth is expected across all three of its segments blasting solutions, digital solutions and specialty mining chemicals.
The chemicals and explosives maker's FY25 result was impacted by litigation costs relating to the company's successful defence of key patents underpinning its WebGen technology in Australia. Orica's North American operations are also facing a long-running lawsuit.
The source: ASX
