Orica Limited (ORI) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and thank you for joining us for Orica's first half 2026 results presentation. My name is Natalie Worley and joining me here today in Melbourne are Sanjeev Gandhi, Managing Director and CEO, and Jamie Crowe, CFO. Both Sanjeev and Jamie will be presenting shortly before we move to Q&A. Before we start the presentation, I kindly ask you take a moment to read the disclaimer on slide two. And with that, I'll pass over to Sanjeev. Thank you. Thank you, Natalie, and welcome all. Thank you all for joining the call. Let me start with our number one priority, safety. We are at Orica deeply saddened by the fatal vehicle-related incident involving one of our colleagues in North America in late November 2025. Our thoughts and deepest condolences continue to be with their family, friends, and colleagues. We have now completed a full investigation and are implementing critical learnings across our organization that such events do not happen again. Our people are the foundation of our company. We remain absolutely committed to the prevention of harm and to supporting the physical and psychosocial well-being of our people and our stakeholders. While our serious injury case rate remains on target, we are focused on preventing high-risk events particularly through our major hazard management and next-gen safety leadership programs. On sustainability, we achieved our 2026 emission reduction targets of 30 percent decrease in net scope one and two emissions, and we continue to progress towards a longer-term ambition of net zero by 2050. Turning now to slide five and our key first-half highlights. We have delivered a record first half financial performance. Earnings momentum continued from the last financial year with EBIT and NPAT pre-significant items up 5% and 8% ...