• Zero Harm: TRIFR down 19% to 0.89
• NPAT ex IMIs up 6% to $423m
• EBIT ex IMIs up 23% to $714m, driven by transformation program

Dyno Nobel has continued the successful execution of its strategy to become a pure play global explosives leader, with significant progress made on the separation of its Fertilisers business. The company reported a Statutory Net Loss After Tax including individually material items (IMIs) of $53m, with the result including IMIs totalling $477m (after tax) primarily relating to the sale of the Fertilisers business and non-cash impairments. Excluding IMIs, Dyno Nobel reported a Net Profit After Tax (NPAT) of $423m, an increase of 6% over the previous year. EBIT ex IMIs was up 23% to $714m, driven by commodity and FX tailwinds and the sustained wins generated from the transformation program. Dyno Nobel's FY25 results are a testament to the execution of its strategy, made possible by its outstanding people. The company has made significant progress on its net zero pathway, meeting its short-term absolute reduction target of -5% by 2025 and setting new medium-term and long-term emissions reduction targets. Dyno Nobel remains committed to completing its $900m on-market share buyback program, with $430m completed to date.

FY26 EBIT for the Dyno Nobel explosives business is expected to be ~$460m-$500m, with an earnings split of approximately 40% in the first half and 60% in the second half. The FY26 production range for Phosphate Hill is forecast to be between 790kmt to 850kmt, with costs per tonne expected to be in the range of $720 to $780.

Dyno Nobel's strong partnerships, network of assets and infrastructure continue to be an important part of its growth strategy globally. The company is leveraging its globally recognised brand, proprietary technology, and strong customer relationships to capture opportunities in new, high growth markets in Latin America, Europe, and Africa.