Australia's Incitec Pivot slips; Macquarie flags FY25 outlook challenges

Dyno Nobel

31/03/2025 04:50

** Incitec Pivot IPL.AX slips 2.3% to A$2.58

** Macquarie expects 78% of fertiliser producer's FY25 NPAT to be skewed to H2 due to its plant shutting down in H1 and weather factors

** Cuts PT to A$2.95 from A$3.09; retains "neutral"

** Says it remains to be seen whether H1 impacts can be fully recovered in H2

** Co says fertiliser business sales were deferred to H2 FY25 from H1

** Stock rated "hold" on avg; median PT is A$3.2, per data compiled by LSEG

** IPL down 12.3% YTD

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))