By Digifin Pty Ltd · About this coverage
Key Points
- NPAT pre-significant items of $589.7 million, up 9%; statutory NPAT of $264.2 million
- EBIT up 7% to $1,056.9 million, or 11% on a constant currency basis
- Full-year dividend of 64.0 cents per share, a 50 per cent payout ratio
- Leverage of 1.46x after the $500 million share buy-back was completed
- FY2027 capital expenditure expected to be between $470 million and $500 million
About Orica (ASX:ORI)
Orica Limited is an ASX-listed company headquartered in Melbourne that supplies commercial explosives and blasting systems to the mining, quarrying and infrastructure industries. It also provides digital solutions for mining operations and specialty mining chemicals, including sodium cyanide used in gold processing.
Orica (ASX:ORI) released its full-year 2026 result, reporting higher underlying earnings and a larger dividend, and set out an FY2027 outlook of earnings growth across its three segments.
NPAT pre-significant items was $589.7 million, up 9%, while statutory NPAT was $264.2 million after $325.5 million of significant items after tax. EBIT rose 7% to $1,056.9 million, or 11% on a constant currency basis, which Orica says was achieved despite a reduction in coal mining in Indonesia and appreciation of the Australian dollar. Digital Solutions and Specialty Mining Chemicals each delivered 25 per cent EBIT growth and together now contribute nearly 23 per cent of group earnings. Net operating cash flow was $758.3 million (2025: $949.2 million), after $344.2 million of cash outflow related to significant items. Earnings per share pre-SI were 126.8 cents. An unfranked final dividend of 35.5 cents per share takes the full-year dividend to 64.0 cents per share, a payout ratio of 50 per cent. Leverage was 1.46x and the $500 million on-market share buy-back was completed in full. FY2027 capital expenditure is expected to be between $470 million and $500 million, excluding approximately $130 million for the Hunter Valley Hydrogen Hub.
The outlook gives no earnings range. Orica flags lower Indonesian thermal coal demand, planned major turnarounds at Kooragang Island, Yarwun and Winnemucca, and net finance costs approximately $25 million to $35 million higher than 2026.
Source: Orica Limited (ASX:ORI), 12 November 2026. Summary content supplied by Digifin Pty Ltd.
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