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BlueScope Steel Limited (ASX:BSL)

ALERT: Price-sensitive ASX Announcement for BSL
Current share price for BSL : $31.460 2.3 (7.89%)+
Announcement
Release
16 Feb 2026 7:35AM
Price at Release
$29.160
Full Release
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Summary
BlueScope Steel Limited's 1H FY2026 results show a notable increase in financial performance compared to the previous periods. Revenue for 1H FY2026 reached $1,343.1 million, with underlying EBITDA and EBIT significantly higher than in 1H FY2025, showing strong operational improvement. The company has been actively managing its capital and investment expenditure, focusing on sustainable practices through its responsible sourcing program. Major projects include the No.6 Blast Furnace Reline and various upgrades to support growth and emissions efficiency. BlueScope has also maintained a robust cash flow position, with a significant net increase in cash held. Key strategic priorities involve enhancing operational efficiencies and maintaining a focus on sustainability and responsible sourcing.
Key Points
  • Revenue for 1H FY2026 was $1,343.1 million.
  • Underlying EBITDA for 1H FY2026 was $256.8 million.
  • Underlying EBIT for 1H FY2026 was $210.4 million.
  • Capital and investment expenditure was $55.5 million.
  • Strong focus on responsible sourcing and ESG.
  • Major projects include No.6 Blast Furnace Reline and metal coating line upgrades.
  • Net increase in cash held of $229.4 million for 1H FY2026.
  • Strategic emphasis on sustainability and operational efficiency.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.