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Dyno Nobel Limited (ASX:DNL)

ALERT: Price-sensitive ASX Announcement for DNL
Current share price for DNL : $3.650 0.55 (17.74%)+
Release
1 Oct 2025 9:23AM
Price at Release
$3.100
Full Release
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Summary
Dyno Nobel Limited announced the completion of the sale of its Fertilisers Distribution business and provided updates on its FY25 Group performance. The sale of the Fertilisers Distribution business to Ridley Corporation Limited was finalized, with related transactions including the sale of the Gibson Island land set to conclude soon. The Fertilisers business benefitted from commodity price tailwinds, and the Group is expected to report strong underlying EBIT for FY25. Dyno Nobel also completed a strategic review of its Fertilisers Manufacturing operations, leading to closure plans for the Geelong facility and the sale of the St Helens site. Additionally, the company formed a joint venture with Repkon USA for a new TNT manufacturing facility, supported by a significant investment from the US Federal Government, expected to start production in late 2027. The Group's explosives business performed well, with anticipated FY25 EBIT in the range of $405m-$413m, while Group EBIT is projected to be $695m-$715m.
Key Points
  • Completion of Fertilisers Distribution business sale to Ridley Corporation Limited.
  • Upcoming sale completion of Gibson Island land.
  • Strong underlying EBIT anticipated for FY25.
  • Closure of Geelong facility and sale of St Helens site following strategic review.
  • Joint venture with Repkon USA for a new TNT manufacturing facility.
  • Projected FY25 Group EBIT in the range of $695m-$715m.
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.