0152 GMT - Orica's trading update appears to be a net negative, according to RBC Capital Markets. Still, it is "not sufficient to derail our Outperform view," RBC says in a note. The broker says a rise in litigation costs is unfortunate but understandable. "We accept the decision to take these as significant items during the period," the broker says. The update also provides useful qualitative commentary "for a business that is becoming increasingly challenging to model," it says. While blasting solutions volumes in Asia Pacific and North America appear softer than envisaged, margins may have improved thanks to a better mix of products and services, the broker says. RBC has a A$23.00 target on Orica. The stock is up 0.9% at A$20.94. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

September 04, 2025 21:52 ET (01:52 GMT)

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