Australia's Orica surges to six-year high on upbeat annual results

ORICA

13/11/2025 24:37

Updates

** Shares of Orica ORI.AX rise as much as 5% to A$23.950, hitting their highest level since Nov. 29, 2019

** Stock logs its biggest intraday pct gain since May 8

** Explosives manufacturer reports FY net profit after tax pre significant items of A$541 million ($351.54 million), up 32%

** Co also increases share buyback by up to additional A$100 million

** Declares final dividend of 32 AU cents per share, up from 28 AU cents in previous year

** "We are encouraged by ORI's FY25 underlying earnings growth momentum" - Citi

** Brokerage expects co's shares to trend up on solid earnings growth momentum

** Stock up 40.7% this year, including the day's move

($1 = 1.5389 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))