Completion of Incitec Pivot Fertilisers Acquisition

• Ridley acquires Incitec Pivot Fertilisers business for $300 million
• Acquisition establishes a new growth pillar for Ridley
• Ridley to subsequently acquire the Geelong North Shore property for $75 million

Ridley Corporation Limited (ASX:RIC) has announced the completion of the acquisition of Dyno Nobel's Incitec Pivot Fertilisers business on 30 September 2025. In May of this year, Ridley announced entry into a binding agreement to acquire the Incitec Pivot Fertilisers business for $300 million with put/call options to subsequently acquire the Geelong North Shore property for $75 million. The acquisition of Incitec Pivot Fertilisers establishes a new growth pillar for Ridley, reinforcing its position as a leading diversified Australian agricultural services company.