Australia · Delayed Price · Currency is AUD BlueScope Steel Earnings Call Transcripts
Fiscal Year 2026
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Underlying EBIT rose to AUD 558 million in 1H FY26, with net profit at AUD 391 million and net debt nearly zero. Shareholder returns are set to increase to AUD 3 per share in 2026, supported by major project completions, cost reductions, and accelerated land sales.
Fiscal Year 2025
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The AGM addressed strong financial results amid global volatility, board renewal, and a CEO transition. Strategic focus remains on growth, decarbonization, and unlocking land value, with robust shareholder support for all resolutions and continued emphasis on safety and sustainability.
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FY 2025 saw resilient results amid global volatility, with underlying EBIT at AUD 738 million and strong progress on cost savings and decarbonization. Outlook for 1H FY 2026 is positive, driven by improved U.S. spreads and ongoing productivity gains, despite a significant BCP impairment.
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Underlying EBIT reached $309 million in 1H FY25, with strong cash generation and a robust balance sheet despite challenging steel spreads and inflation. The group targets $200 million in cost improvements by FY26 and $500 million incremental EBIT by 2030, with major growth projects and land monetization underway.
Fiscal Year 2024
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The AGM highlighted resilient financial results, ongoing investment in growth, and a strong focus on safety, decarbonization, and board succession. Shareholders supported all resolutions, and management addressed key challenges including industry volatility and operational risks.
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Sustainability and decarbonization are central, with a 12% GHG intensity reduction achieved ahead of target and major projects like the NZ EAF progressing. Safety performance is under renewed focus, and capital is being allocated to a growing pipeline of climate and efficiency projects. Policy, partnerships, and innovation remain critical enablers.
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Underlying EBIT reached AUD 1.34 billion with strong North Star and value-add performance offsetting weak Asian spreads. FY25 guidance anticipates softer results amid inflation and low steel spreads, but strategic projects and cost controls are expected to support resilience and future growth.