BlueScope Steel Limited (ASX:BSL)

ALERT: Price-sensitive ASX Announcement for BSL

Current share price for BSL : $30.430 -3.26 (-9.68%)⁺

Announcement

FY2026 Results ASX Release

Release

17 Aug 2026 7:45AM

Price at Release

$33.690

Full Release

Summary

BlueScope Steel Limited reported a remarkable year in FY2026, with a net profit after tax (NPAT) of $802 million, marking an 857% increase compared to FY2025. The underlying EBIT surged to $1.27 billion, driven by robust performances in North America and Southeast Asia, despite challenges such as low steel spreads in Asia. The company achieved record sales of its COLORBOND® and TRUECORE® steel in Australia. BlueScope completed a major cost and productivity program, with expectations of further cost benefits in FY2027, and plans to deliver $3.00 per share in shareholder returns for both 2026 and 2027. The company is also advancing significant projects to enhance sustainability, including the deployment of a new Electric Arc Furnace in New Zealand and continuing its assessment of lower emissions technologies in Australia.

Key Points

Reported FY2026 net profit after tax (NPAT) of $802 million, an 857% increase from FY2025.
Underlying EBIT reached $1.27 billion, significantly higher than FY2025.
Strong performance in North America and Southeast Asia, despite low Asian steel spreads.
Record sales and despatches of COLORBOND® and TRUECORE® steel in Australia.
Completed $200 million cost and productivity program, with $150 million additional cost benefits expected in FY2027.
Plan to deliver $3.00 per share in shareholder returns for 2026 and 2027 calendar years.
Major investments nearing completion, including the New Zealand Electric Arc Furnace and Western Sydney Metal Coating Line.
Focus on sustainability, aiming to reduce emissions significantly through projects like NeoSmelt.

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.