• Delivering on separation & transformation with Fertilisers separation nearing completion
• Strong FY25 performance with 16% underlying EBIT growth and safety improvements
• On track to deliver $600m EBIT ambition in FY28

Dyno Nobel Limited has reported its FY25 financial results, highlighting strong performance and continued progress on its strategic initiatives. The company delivered 16% underlying EBIT growth, driven by solid explosives performance, successful manufacturing facility turnarounds, and new energetics growth vectors. Safety remained a top priority, with a 19% reduction in total recordable injury frequency rate (TRIFR). The Fertilisers separation is nearing completion, with upfront cash proceeds of $579 million and a clear pathway for the Phosphate Hill business. Dyno Nobel is on track to deliver its $600 million EBIT ambition in FY28, with a 47% exit run rate achieved in FY25. The company provided its FY26 outlook, which includes expected net transformation benefits of $30-70 million, and outlined key assumptions for its Explosives and Phosphate Hill businesses. Overall, Dyno Nobel has demonstrated strong operational and financial performance, while making significant progress on its strategic priorities.

Explosives EBIT: ~$460m - $500m Phosphate Hill: Production volume: 790 - 850kmt | Cost per tonne: $720 - $780 | Capex: ~$35m | 1H/2H EBIT split: ~1H 40%, 2H 60%

Dyno Nobel is on track to deliver its $600 million EBIT ambition in FY28, with a 47% exit run rate achieved in FY25. The company expects to realize net transformation benefits of $30-70 million in FY26, driven by operational and commercial initiatives.