Orica demonstrates continued strength in underlying business performance

A trend across all three segments

• Blasting Solutions: The core business continues to perform strongly, supported by the on-going adoption of Orica’s value-adding products and services and technology-driven blasting solutions across all regions, partly offset by lower volumes in Indonesia and the US due to reduced demand for thermal coal. The negotiation of gas supply agreements for our east coast manufacturing network has been completed successfully, providing reliable east coast gas supply up to 2031. 
• Digital Solutions: Demand for Orica’s suite of digital offerings and value-added services continues to grow supported by strong recurring revenue, cross-selling benefits, and increased exploration activity particularly in gold and copper.
• Specialty Mining Chemicals: Earnings growth driven by strong manufacturing performance and new contract awards in both cyanide and emulsifiers. Operational challenges at the Winnemucca facility have been progressively addressed with the planned critical safety upgrades completed successfully.

Depreciation and amortisation is expected to between US$490 million to US$500 million for FY25.

Net finance costs are anticipated to be at the upper end of the previously stated range of US$190 million to $200 million for FY2025.

Minority Interests for the full year are expected to be in the range of US$28 million to US$31 million.

Capital Management

Capital expenditure for the year will be broadly in line with 2024. Successful completion of a US$390 million (equivalent) oversubscribed US Private Placement bond issue at competitive rates, extending debt maturity and strengthening balance sheet. Of the US$400 million on-market share buyback announced in March 2025, approximately 55% has been completed.

Commenting on the continued momentum, Orica Managing Director and CEO Sanjeev Gandhi said: “We are pleased with the strong finish to the financial year. The positive momentum from the first half of 2025 has continued into the second half, with all three segments demonstrating profitable growth. Our core blasting business remains resilient, supported by the ongoing adoption of our innovative products and services, Digital Solutions continues to expand its scale, and Specialty Mining Chemicals has delivered robust earnings despite the extended safety maintenance activities this year at the Winnemucca plant, which are now completed.

“Our continued earnings growth, together with the well-progressed share buyback program, continue to deliver value for our shareholders.”

Read the article online at: https://www.globalminingreview.com/mining/12092025/orica-demonstrates-continued-strength-in-underlying-business-performance/