Earnings call transcript: Dyno Nobel shares fall 7.3% after strong H2 2026

Dyno Nobel Limited released its fiscal 2026 earnings report, revealing strong performance in its core explosives business while revenue fell due to portfolio changes. Explosives EBIT rose 12% to AUD 485 million, setting a record, and the company returned to statutory profit, posting a profit of AUD 66 million after tax. Revenue, however, fell 26% to AUD 3.941 billion as a result of the sale of Phosphate Hill and divestiture of its fertilizer distribution business.

The stock fell 7.33% to $3.54 after the report, indicating investors focused on leverage, cash flow, and higher spending plans. The company now operates as a pure-play explosives supplier, with its fertilizer exit complete. FY 2027 guidance anticipates underlying EBIT of AUD 515 million to AUD 555 million.