Orica lifts underlying profit despite softer revenue and lower asset backing

The latest update is out from Orica Limited ( (AU:ORI) ).

Orica reported half-year revenue to 31 March 2026 of $3.88 billion, down 1% from the prior corresponding period, as softer top-line performance contrasted with stronger underlying profitability. Net profit before individually significant items rose 8% to $283.1 million, indicating operational improvement even as statutory results showed a marginal $0.6 million loss after tax attributable to shareholders compared with an $89 million loss a year earlier.

The company’s net tangible assets per share declined to $2.88 from $4.07 in the prior half-year, suggesting a weaker balance sheet position despite better underlying earnings. Orica declared an unfranked interim dividend of 28.5 cents per share, with a record date of 22 May and payment on 3 July 2026, signalling continued capital returns to shareholders amid mixed headline financial indicators and reclassification of litigation costs as significant items in comparative figures.

The most recent analyst rating on (AU:ORI) stock is a Buy with a A$27.00 price target. To see the full list of analyst forecasts on Orica Limited stock, see the AU:ORI Stock Forecast page.

More about Orica Limited

Orica Limited is an Australia-based global mining and infrastructure solutions company, best known for supplying commercial explosives, blasting systems and related services to the mining, quarrying and construction sectors. The group also provides technical and digital blasting solutions, positioning itself as a key supplier to resource and infrastructure projects worldwide.

Average Trading Volume: 2,067,048

Technical Sentiment Signal: Buy

Current Market Cap: A$9.74B

See more insights into ORI stock on TipRanks’ Stock Analysis page.