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Vulcan Steel Limited (ASX:VSL)

ALERT: Price-sensitive ASX Announcement for VSL
Current share price for VSL : $5.600 0.14 (2.56%)+
Announcement
Release
25 Aug 2026 7:33AM
Price at Release
$5.460
Full Release
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Summary
The FY26 Investor Presentation for Vulcan Steel Limited (VSL) details significant growth and strategic developments. The company reported a 22.2% increase in revenue for FY26 compared to FY25, largely attributed to higher volumes and contributions from rollforming. Adjusted EBITDA rose by 16.2%, driven by improved steel segment performance and operational efficiencies. However, operating cash flow decreased by 30.4% due to changes in working capital and acquisition impacts. The company declared a final dividend of 4.5 NZ cents per share, reflecting a 47% payout of adjusted NPAT. Key financial metrics such as ROCE declined slightly, but debt levels were managed effectively with net debt to EBITDA cover improving. The report emphasizes Vulcan's focus on growth investments, particularly in rollforming operations, and forecasts capital expenditures between NZ$30m and NZ$35m for FY27.
Key Points
  • Revenue increased by 22.2% in FY26.
  • Adjusted EBITDA rose by 16.2%.
  • Operating cash flow decreased by 30.4%.
  • Final dividend declared was 4.5 NZ cents per share.
  • Net debt to EBITDA improved to 2.9x.
  • Focus on growth investments in rollforming.
  • Capital expenditure forecasted between NZ$30m and NZ$35m for FY27.
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.