Incitec Pivot Reports Loss Amid Growth and Divestment Talks

Incitec Pivot Limited (AU:IPL) has released an update.

Incitec Pivot Limited reported a half-year net loss of $148 million, a stark contrast to the previous year’s $354 million profit, citing non-cash impairment charges and business discontinuations. Despite statutory losses, the company saw an 18% underlying EBIT growth driven by strong customer-facing business performance, including record results in their Dyno Nobel Asia Pacific and Fertilisers Distribution segments. Capital management remains a focus with a $500 million capital return to shareholders and a continuation of negotiations for the divestment of the fertilisers business.

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