Dyno Nobel (DNL) AGM 2025 summary

Opening remarks and agenda

• Marked the first AGM under the new company name and Brisbane headquarters, with acknowledgment of traditional land owners and meeting protocols.

• Introduced directors, executive team, auditor, and share registry representatives, outlining their roles in the meeting.

Financial performance review

• Statutory net loss of AUD 53 million due to write-downs from fertilizer asset exits; underlying explosives EBIT rose to AUD 434 million, up AUD 60 million year-on-year.

• Returned AUD 732 million to shareholders via dividends and buybacks; final dividend declared at AUD 0.95 per share, total ordinary dividends at AUD 11.90 per share.

• Maintained strong balance sheet with S&P BBB rating and net debt/EBITDA at 1.4x.

• Achieved 16% EBIT growth in explosives business, with regional EBIT increases: Americas up 13%, Asia-Pacific up 8%, EMEA and LATAM up 33%.

• ROIC including goodwill rose to 8.2% (from 6.3%), excluding goodwill at 11.5%.

Board and executive committee updates

• Welcomed new Group CFO, President of EMEA & LATAM, and DNAP President; acknowledged interim leaders and departing executives.

• Chair sought and received re-election with unanimous board support.