Orica Ltd

ORI: XASX (AUS)
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Orica Earnings: Growth From Strong Customer Uptake of New Products

No-moat Orica Limited posted an 11% increase in fiscal 2024 underlying net profit after tax to AUD 409 million. This was close to our AUD 417 million expectations. The world’s largest explosives provider enjoyed underlying EBIT growth from all blasting divisions including 8.8% for Australia and the Pacific, 5.2% for North America, 31% for Latin America, and 32% for Europe, the Middle East and Africa. And initial contributions from newly acquired businesses Terra Insights and Cyanco also bolstered earnings.

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