Dyno Nobel Completes Phosphate Hill Sale
Key points
- Sale completed to Ryowa II GPS Pty Ltd
- Nominal purchase price of $1
- Dyno Nobel to fund $125.9m for asset retirement
- Ryowa assumes all liabilities
Full summary
Dyno Nobel Limited (ASX: DNL) announced the successful completion of the sale of Phosphate Hill to Ryowa II GPS Pty Ltd, a subsidiary of Mayfair Australia Corporation. The sale, which concluded on 30 June 2026, involved a nominal purchase price of $1, with Ryowa assuming all economic risks and benefits from 1 April 2026. Dyno Nobel made a $50m completion payment, adjusted for inventory value due to heightened sulphur prices. The deferred consideration increased to $150m, subject to performance hurdles. Dyno Nobel will fund $125.9m for future rehabilitation and remediation, while Ryowa will assume all operational and environmental liabilities.
Guidance
Dyno Nobel expects NPV positive cashflows from the transaction.
Outlook
Dyno Nobel is well positioned to continue executing on its transformation strategy and delivering further value for shareholders.
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