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Vulcan Steel Limited (ASX:VSL)

ALERT: Price-sensitive ASX Announcement for VSL
Current share price for VSL : $5.000 -0.46 (-8.42%)+
Announcement
Release
25 Aug 2026 7:32AM
Price at Release
$5.460
Full Release
download
Summary
Vulcan Steel Limited reported a successful fiscal year 2026, achieving significant growth in earnings and operating performance despite global trade uncertainties. The company's EPS rose by 20% and EBITDA increased by 19%, primarily due to successful integration of the newly acquired rollforming business and a growth in underlying volume for the first time since FY22. Vulcan maintained high customer service standards with a 98% delivery performance and reduced its net bank debt. The company also expanded its operations by opening a new site and upgrading existing ones to hybrid sites. While the economic outlook for the region remains mixed, Vulcan sees potential for growth driven by operational improvements and market opportunities.
Key Points
  • Vulcan Steel Limited reported a 20% increase in EPS to NZ 14.4 cents for FY26.
  • EBITDA rose by 19% to NZ$129.3 million from the previous year.
  • The rollforming business acquisition contributed positively to Vulcan's performance.
  • Vulcan achieved the first year-on-year growth in underlying volume since FY22.
  • Vulcan maintained a strong delivery performance with a 98% on-time delivery rate.
  • The company reduced its net bank debt by NZ$5.1 million to NZ$227.3 million.
  • A new site was opened and existing locations were converted to hybrid sites.
  • The economic outlook for Australia and New Zealand remains mixed with some positive indicators.
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.