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Vulcan Steel Limited (ASX:VSL)

ALERT: Price-sensitive ASX Announcement for VSL
Current share price for VSL : $5.070 -1.64 (-24.44%)+
Announcement
Release
24 Feb 2026 7:30AM
Price at Release
$6.710
Full Release
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Summary
Vulcan Steel Limited announced its financial performance for 1H FY26, noting a revenue increase to NZ$535.4 million, up 8.6% from the previous year. Despite the revenue growth, EBITDA slightly decreased by 1.1% to NZ$56.3 million, and NPAT decreased by 9.3% to NZ$8.3 million. Vulcan successfully acquired Roofing Industries, contributing positively to the first half results. The company reduced net debt by NZ$30.1 million and declared an interim dividend of NZ 2.5 cents per share. The outlook for the second half of FY26 is cautiously optimistic with signs of economic recovery in New Zealand and Australia, despite challenges in global trade policy.
Key Points
  • Vulcan Steel Limited's 1H FY26 revenue increased by 8.6% to NZ$535.4 million.
  • EBITDA for 1H FY26 was NZ$56.3 million, a decrease of 1.1%.
  • NPAT decreased by 9.3% to NZ$8.3 million.
  • Acquisition of Roofing Industries added value to Vulcan's results.
  • Net debt reduced by NZ$30.1 million.
  • Interim dividend declared at NZ 2.5 cents per share.
  • Positive signs of economic recovery in New Zealand and Australia.
  • Global trade policy uncertainties remain a risk to growth.
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.