Orica (ORI) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional landowners and safety procedures for attendees.

• Chairman Malcolm Broomhead delivered the opening address, reflecting on the company's progress.

• Hybrid format enabled both in-person and remote participation, with voting and Q&A procedures explained.

Financial performance review

• Achieved highest EBIT in 13 years at AUD 992 million, a 23% increase from prior year, driven by strong strategy execution and demand.

• Net profit after tax was AUD 162 million, impacted by AUD 379 million in significant items, mainly from Latin America impairments and litigation.

• Strong cash flow of AUD 949 million and return on net operating assets at 13.8%.

• Specialty Mining Chemicals business became the largest sodium cyanide producer for mining globally.

Board and executive committee updates

• Chairman Malcolm Broomhead retired, succeeded by Vik Bansal as chair, with recognition of Broomhead's 15 years of service.

• Board renewal included re-election of Karen Moses and Gordon Naylor, with both expressing commitment to governance and transition.

• Board of Directors includes Malcolm Broomhead, Sanjeev Gandhi, Vik Bansal, John Beevers, Mark Garrett, Denise Gibson, Vanessa Guthrie, Karen Moses, Gordon Naylor, and Krista Stewart.

• CEO Sanjeev Gandhi addressed the meeting, highlighting operational and strategic advancements.

• Executive committee and auditor KPMG present and available for questions.