Dyno Nobel Limited (DNL) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Dino Nobel Limited's 2025 Half Year Results Briefing. This is Tom Dixon speaking and I'm joined this morning by our CEO and MD Mauro Neves and our interim CFO Damian Butler. The materials we'll be covering today have been lodged with the Australian Securities Exchange and can be found on the ASX and Dino Nobel Limited's websites. At the end of the presentation we'll have time for questions and an audio recording of this presentation will also be available on the company's website. I'd like to draw your attention to the disclaimers found on slide two and slide three of the presentation. And before we move into the main presentation, I'd like to start with an acknowledgement of country. I'd like to acknowledge the traditional custodians of the land we are coming to you from today, the Wurundjeri peoples of the Eastern Kulin Nation. I pay my respects to elders past and present. Thank you, and I'd now like to hand over to Maro. Thanks, Tom. Good morning and welcome everyone. It's great to present to you today under the Dino Nobel name and provide an update of the considerable progress we made against our strategy and as well as our financial performance for the half. Our first touch on our financial results and then the progress we made on the fertilizer separation. Our statutory results after tax was a profit of $7 million, which included individual material items, totaling a loss of $18 million, mainly related to the closure of the Geelong manufacturing plant and the non-cash full impairment of the St. Helens fertilizers plant in the U.S., Our EBIT of $174 million shows a strong underlying earnings growth across our explosives business after adjusting for the wallet sale, the impacts from commodities and foreign exchange, and the scheduled t...