ORI Analysis: FY2025 Full Year Results

Event: FY2025 Full Year Results | Date: 2025-11-13 | Source: Orica Investor Centre

Record EBIT and Strong Cash Flow in FY2025 Results

Orica released its FY2025 full-year results on 13 November 2025, reporting record underlying EBIT of $992 million, up 23% year-on-year, driven by earnings growth across all segments and supported by a favorable commodity mix. Sales revenue increased 6% to $8,144.5 million, with underlying EBITDA reaching $1,478 million and underlying profit after tax of $498 million. The company announced a final dividend of 25 cents per share (unfranked), bringing the full-year payout to 45 cents, and extended its share buyback program by $100 million to $500 million. Management highlighted operational resilience despite challenges like the CF Industries force majeure and thermal coal weakness, with net operating cash flow of $949 million and cash conversion of 64%. Source: Orica FY2025 Results Presentation.

Guidance for FY2026 includes expected ammonium nitrate volumes of 3.9-4.1 million tonnes, reflecting modest growth in key markets, and a maintenance capex range of $340-360 million. The results underscore successful integration of recent acquisitions like Cyanco and Terra Insights, contributing to a 47% EBIT increase in Specialty Mining Chemicals and 40% revenue growth in Digital Solutions.