Orica

ORI.ASX

Materials

Orica is one of the world's leading mining and infrastructure solutions providers. From the production and supply of explosives, blasting systems, specialty mining chemicals and geotechnical monitoring to our cutting-edge digital solutions and comprehensi

Market Data

Price

$22.650

-0.0%
Market Cap

$10.6B

P/E Ratio

44.9x

EPS

$0.510

Div. Yield

2.64%

52-Week Change

+0.0%

Latest Earnings

Orica Half Year Results Compendium 2026

7 May 2026

Revenue
$3,884
+1.6% YoY
NPAT
$283.10
+7.6% YoY
EPS
$-0.00
Dividend
$0.28

Orica delivered strong H1 FY2026 results with revenue of $3,884.2M (+1.6% YoY) and EBIT of $512.0M (+5.0% YoY), driven by solid performance across Blasting Solutions and growth in higher-margin Specialty Mining Chemicals and Digital Solutions segments. The company maintained healthy margins (13.2% EBIT margin) and improved RONA to 14.7%, reflecting operational leverage and disciplined capital allocation, though the period was impacted by $307.0M in significant litigation costs. Key points: Strong underlying NPAT growth of 7.6% YoY to $283.1M (before individually significant items), with underlying EPS up 12.4% to 60.7 cents; EBIT margin expanded to 13.2% (up from 12.4% YoY), demonstrating improved operational efficiency and pricing power; RONA improved significantly to 14.7% from 13.1% YoY, reflecting strong capital productivity

Recent Announcements

7 May 2026 Actual Results Positive

Orica Half Year Results Compendium 2026

Orica delivered strong H1 FY2026 results with revenue of $3,884.2M (+1.6% YoY) and EBIT of $512.0M (+5.0% YoY), driven by solid performance across Blasting Solutions and growth in higher-margin Specialty Mining Chemicals and Digital Solutions segments. The company maintained healthy margins (13.2% EBIT margin) and improved RONA to 14.7%, reflecting operational leverage and disciplined capital allocation, though the period was impacted by $307.0M in significant litigation costs. Key points: Strong underlying NPAT growth of 7.6% YoY to $283.1M (before individually significant items), with underlying EPS up 12.4% to 60.7 cents; EBIT margin expanded to 13.2% (up from 12.4% YoY), demonstrating improved operational efficiency and pricing power; RONA improved significantly to 14.7% from 13.1% YoY, reflecting strong capital productivity

7 May 2026 Supplementary Positive

Orica Half Year Results Investor Presentation 2026

Orica Limited reported 1H2026 half-year results with EBIT of $512m (up 5% from $488m) and EPS pre-SI of 60.7 cents (up from 54.0 cents), supported by strong premium product demand, strategic acquisitions including Nelson Brothers' explosives business and FMC's Danafloat product range, and a $500m completed share buy-back program.

7 May 2026 Actual Results Positive

Orica Half Year Results 2026

Orica delivered record first-half earnings with NPAT pre-SI of $283.1M (+8% YoY) and EBIT of $512.0M (+5% YoY), driven by strong demand for premium products, robust gold and copper markets, and disciplined commercial execution. The company completed strategic acquisitions (Nelson Brothers, Danafloat), a $500M share buyback, and initiated a $100M+ cost reduction program, while maintaining a strong balance sheet at 1.53x leverage with RONA of 14.7% (highest in 13 years). Outlook remains positive with full-year EBIT expected to increase across all segments versus 2025. Key points: Record first-half EBIT of $512.0M (highest in over 20 years) with underlying NPAT up 8% to $283.1M; EPS grew 12% to 60.7 cents; Return on Net Assets (RONA) reached 14.7%, the highest level in 13 years, demonstrating excellent capital efficiency; Strategic acquisitions completed (Nelson Brothers explosives in North America, Danafloat copper processing chemicals) to expand market exposure and portfolio, with Digital Solutions and Specialty Mining Chemicals segments growing 25% and 20% respectively

7 May 2026 Actual Results Neutral

Orica Half Year Financial Report and Appendix 4D

Orica reported HY2026 revenue of $3,884.2M (down 1% yoy) with a reported loss of $0.6M attributable to shareholders, though underlying net profit before individually significant items improved 8% to $283.1M. The company declared an unfranked interim dividend of 28.5 cents per share, while net debt increased to $2,472.1M due to higher interest-bearing liabilities, reflecting challenging market conditions partially offset by cost control measures. Key points: Underlying net profit before individually significant items increased 8% to $283.1M, demonstrating operational resilience despite 1% revenue decline; Profit from operations improved significantly to $205.0M (up 29.9% yoy), reflecting effective cost management with employee benefits down 1.9% and purchased services down 11.6%; Operating cash flow of $230.6M generated in HY2026 provides liquidity; interim dividend of 28.5 cents per share maintained despite market headwinds

23 Mar 2026 Sph Neutral

Ceasing to be a substantial holder

NORGES BANK ceased to be a substantial holder.

19 Mar 2026 Sph Neutral

Becoming a substantial holder

and CAN/ARSN (if applicable) Nature of association became a substantial holder (5.06%).

18 Mar 2026 Sph Neutral

Ceasing to be a substantial holder

AustralianSuper Pty Ltd ceased to be a substantial holder.

17 Feb 2026 Date Announcement Neutral

Earnings Release - 07 May 2026

Upcoming earnings release expected 07 May 2026 (from Yahoo Finance (estimated))

13 Nov 2025 Actual Results Positive

Orica Full Year Results Compendium 2025

Orica delivered strong FY2025 results with revenue of $8,144.5M (+6.3% yoy) and EBIT of $992.2M (+23.1% yoy), demonstrating significant operational improvement across all business segments. Underlying NPAT grew 31.8% to $541.1M, though reported NPAT was impacted by $365.2M in individually significant items (primarily litigation costs), resulting in net profit of $162.3M. The company increased dividends to 57.0 cents per share (unfranked) and maintained a disciplined capital allocation with leverage at 1.39x, within target range. Key points: Strong operational performance with EBIT growth of 23.1% to $992.2M, demonstrating significant margin expansion and operational leverage; Underlying NPAT increased 31.8% to $541.1M (underlying EPS +29.4% to 111.8 cents), with underlying net margin improving to 6.6%; EBITDA grew 20.5% to $1,491.1M with EBIT margin expanding 170bps to 12.2%, reflecting improved profitability across Blasting Solutions, Specialty Mining Chemicals, and Digital Solutions

13 Nov 2025 Actual Results Positive

Orica Full Year Results 2025

Orica delivered its highest EBIT in 13 years of $992 million (up 23% YoY) and NPAT pre-significant items of $541 million (up 32%), driven by strong demand across all three segments, particularly Specialty Mining Chemicals (+47% EBIT) and Digital Solutions (+32% EBIT). The company returned significant capital to shareholders through a $400 million share buyback (increased to $500 million) and raised the full-year dividend 21% to 57.0 cents per share, while maintaining a strong balance sheet with leverage at 1.39x and improving RONA to 13.8%. Key points: Highest EBIT in 13 years of $992 million, up 23% YoY, with underlying NPAT up 32% to $541 million demonstrating strong operational execution; Earnings growth across all three segments led by Specialty Mining Chemicals (+47% EBIT) benefiting from record gold prices and sodium cyanide demand, Digital Solutions (+32%) from increased exploration activity, and Blasting Solutions (+15%) from premium product adoption; Strong capital management with $400 million share buyback completed (increased to $500 million total), dividend raised 21% to 57.0 cents per share at 50% payout ratio, and improved RONA of 13.8% (up from 12.8%)

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