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Dyno Nobel Limited (ASX:DNL)

ALERT: Price-sensitive ASX Announcement for DNL
Current share price for DNL : $3.860 0.54 (16.27%)+
Announcement
Release
11 May 2026 8:25AM
Price at Release
$3.320
Full Release
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Summary
Dyno Nobel Limited's 2026 Half Year Financial Report highlights a strategic shift from fertiliser manufacturing to focusing on its core explosives business, as demonstrated by the sale of Phosphate Hill. Despite a decline in revenue from regular activities, the company saw a significant increase in net profit from continuing operations. A substantial share buyback was executed, and an interim dividend was declared. The company's assets and liabilities reflect these changes, with a noticeable impact on net tangible asset backing per share.
Key Points
  • Revenues from ordinary activities decreased by 16% to $1,897.8 million.
  • Net profit attributable to members increased by 169% to $19.9 million.
  • Profit after tax from continuing operations increased by 298% to $144.5 million.
  • Finalized sale of Phosphate Hill, marking a strategic exit from fertilizer manufacturing.
  • Continued focus on explosives and blasting services with technology leadership and superior returns.
  • Share buyback of $127.8 million completed during the half-year.
  • Interim dividend of 4.6 cents per share announced, to be paid on 2 July 2026.
  • Net tangible asset backing per ordinary security reduced to $0.84 from $1.14.
  • Total assets for the group at $6,997.7 million as of 31 March 2026.
  • Total liabilities at $2,844.6 million as of 31 March 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.