Vulcan Steel Income Statement

Financials in millions NZD. Fiscal year is July - June.

Millions NZD. Fiscal year is Jul - Jun.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Revenue	990.54	948.15	1,064	1,245	972.67	731.55
Revenue Growth (YoY)	-0.28%	-10.91%	-14.50%	27.98%	32.96%	14.22%
Cost of Revenue	651.9	623.56	702.95	800.94	583.88	461.15
Gross Profit	338.63	324.6	361.38	443.9	388.79	270.39
Selling, General & Admin	282.1	266.1	264.18	270.28	190.91	169.87
Other Operating Expenses	-0.78	-	-1.8	-	-	-0.01
Operating Expenses	281.31	266.1	262.38	270.28	190.91	169.86
Operating Income	57.32	58.5	98.99	173.61	197.87	100.53
Interest Expense	-32.04	-32.7	-37.44	-35.68	-14.25	-12.56
Interest & Investment Income	1.24	0.17	0.26	0.05	0	0.01
Other Non Operating Income (Expenses)	-4.61	-3.61	-2.97	-2.9	-1.5	-1.14
EBT Excluding Unusual Items	21.91	22.36	58.86	135.08	182.13	86.84
Merger & Restructuring Charges	-1.02	-	-	-10.18	-0.79	-
Gain (Loss) on Sale of Assets	-	-	-	-	-	3.06
Pretax Income	20.89	22.36	58.86	124.9	181.33	89.9
Income Tax Expense	5.65	6.63	18.87	37	57.35	25.07
Net Income	14.84	15.73	39.99	87.9	123.98	64.83
Net Income to Common	14.84	15.73	39.99	87.9	123.98	64.83
Net Income Growth	-35.66%	-60.66%	-54.51%	-29.10%	91.24%	126.00%
Shares Outstanding (Basic)	137	132	131	131	131	131
Shares Outstanding (Diluted)	137	132	131	131	131	131
Shares Change (YoY)	4.15%	0.22%	-	-	-	0.02%
EPS (Basic)	0.11	0.12	0.30	0.67	0.94	0.49
EPS (Diluted)	0.11	0.12	0.30	0.67	0.94	0.49
EPS Growth	-36.65%	-60.19%	-55.15%	-28.84%	91.84%	124.42%
Free Cash Flow	41.34	83.63	142.02	122.45	-0.06	99.79
Free Cash Flow Per Share	0.30	0.64	1.08	0.93	-	0.76
Dividend Per Share	0.060	0.060	0.240	0.550	0.650	-
Dividend Growth	-58.62%	-75.00%	-56.36%	-15.38%	-	-
Gross Margin	34.19%	34.23%	33.95%	35.66%	39.97%	36.96%
Operating Margin	5.79%	6.17%	9.30%	13.95%	20.34%	13.74%
Profit Margin	1.50%	1.66%	3.76%	7.06%	12.75%	8.86%
Free Cash Flow Margin	4.17%	8.82%	13.34%	9.84%	-0.01%	13.64%
EBITDA	76.07	76.59	116.97	189.35	206.39	111.4
EBITDA Margin	7.68%	8.08%	10.99%	15.21%	21.22%	15.23%
D&A For EBITDA	18.75	18.09	17.97	15.74	8.52	10.87
EBIT	57.32	58.5	98.99	173.61	197.87	100.53
EBIT Margin	5.79%	6.17%	9.30%	13.95%	20.34%	13.74%
Effective Tax Rate	27.06%	29.65%	32.06%	29.62%	31.63%	27.89%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.