Citi sees potential upside to annual earnings for Australia's Orica

ORICA

07/11/2025 03:50

** Citi sees likely risk to the upside for FY25 earnings for mining and infrastructure solutions provider Orica ORI.AX

** Orica to report annual results on November 13

** Citi says co's results to be underpinned by solid performance across its blasting solutions unit amid thermal coal headwinds

** Brokerage also positive on specialty mining chemicals and digital solutions divisions, with higher demand for sodium cyanide, used in the extraction of gold and other ores, and improving momentum in exploration

** Citi sees Orica to provide an upbeat outlook commentary pointing growth across every segment for FY26; also expects co to reiterate its return on net assets target of 13%-15%

** Orica stock little changed on the day, keeping YTD gains at 34.3%

 (Reporting by Nikita Maria Jino in Bengaluru)

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