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Vulcan Steel Limited (ASX:VSL)

ALERT: Price-sensitive ASX Announcement for VSL
Current share price for VSL : $5.560 -1.15 (-17.14%)+
Announcement
Release
24 Feb 2026 7:30AM
Price at Release
$6.710
Full Release
download
Summary
Vulcan Steel Limited reported its half-yearly results for the period ending 31 December 2025. Revenue rose by 8.6% to NZ$535.4 million, although EBITDA marginally declined by 1.1% to NZ$56.3 million. The acquisition of Roofing Industries Limited played a significant role in expanding the company’s rollforming division, adding complementary products and operational synergies. Despite challenging economic conditions characterized by inflation above central bank targets, the company increased its total tonnes sold by 10.8%. However, the Net Profit After Tax attributable to shareholders decreased by 9.7% to NZ$8.3 million. The company is focused on market recovery and has implemented a hybrid strategy, including three hybrid sites to enhance operations. The Steel segment experienced revenue growth, contrasting with a decline in the Metals segment. Vulcan continues to prepare for future economic recovery with an emphasis on improving capital returns.
Key Points
  • Revenue increased by 8.6% to NZ$535.4 million in 1H FY26.
  • EBITDA slightly decreased by 1.1% to NZ$56.3 million.
  • Net Profit After Tax (NPAT) attributable to shareholders declined by 9.7% to NZ$8.3 million.
  • Successful acquisition of Roofing Industries Limited, contributing to the rollforming division.
  • Rollforming division added complementary products and operational synergies.
  • Total tonnes sold increased by 10.8% compared to 1H FY25.
  • Implementation of three hybrid sites as part of a strategic approach.
  • Steel segment revenue increased while Metals segment revenue decreased.
  • Company remains focused on leveraging market recovery and enhancing return on capital.
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.