Vulcan Steel Limited (ASX: VSL) - Financials
Current share price for VSL : $5.970 0.26 (4.55%)+
Vulcan Steel Ltd (VSL) is an ASX-listed company and is held by a number of exchange traded funds (ETFs). It is an Australasian-wide industrial product distributor and value added processor with 66 logistics and processing facilities employing 1,350 employees across the company's Steel and Metals divisions.
VSL Per Share
| Year to Jun | Sales | Cashflow | Earnings | Dividends | Franking | Book Value | Average Annual P/E |
Relative P/E | Shareholder Return |
|---|---|---|---|---|---|---|---|---|---|
| 2026 | $6.63 | 41.8 ¢ | 12.4 ¢ | 5.8 ¢ | 100% | $1.68 | 51.8 | 296% | -10.8% |
| 2025 | $6.62 | 73.2 ¢ | 13.1 ¢ | 5.5 ¢ | 100% | $1.18 | 54.1 | 388.1% | -11.4% |
| 2024 | $7.34 | 116.3 ¢ | 27.6 ¢ | 21.8 ¢ | 100% | $1.19 | 27.1 | 195.8% | -14.8% |
VSL Capital Structure
| Total Debt | Interest | Long Term Debt | Percent Debt | Preferred Stock | Share Equity | Percent Equity |
|---|---|---|---|---|---|---|
| $518,959 | $30,965 | $488,797 | 67% | $0.00 | $245,938 | 33% |
Note: All dollars in thousands ('000) for the table above
VSL Historical Financials
| 2026 | 2025 | 2024 | |
|---|---|---|---|
| Revenue ($M) | 952.5 | 880.5 | 974 |
| Operating Margin (%) | 14.7 | 15.4 | 16.9 |
| Depreciation ($M) | -82 | -76.9 | -72.4 |
| Amortisation ($M) | -1 | -1 | -2 |
| Net Profit Before Abs ($M) | 17.8 | 17.5 | 36.6 |
| Net Profit After Abs ($M) | 17 | 14.6 | 36.6 |
| Income Tax Rate (%) | 30.9 | 29.6 | 32.1 |
| Net Profit Margin (%) | 1.9 | 2 | 3.8 |
| Employees ($T) | 1.7 | 1.3 | 1.3 |
| Long Term Debt ($M) | 488.8 | 478.9 | 517 |
| Shareholders Equity ($M) | 245.9 | 157.6 | 157.5 |
| Return on Capital (%) | 5 | 6 | 9 |
| Return on Equity (%) | 7.2 | 11.1 | 23.2 |
| Payout Ratio (%) | 46 | 42 | 79 |
VSL Cashflow
| 2026 | 2025 | 2024 | |
|---|---|---|---|
| Customer Receipts ($M) | 937 | 894 | 996 |
| Net Operating Cashflow ($M) | 60 | 97.5 | 154.4 |
| Net Investing Cashflow ($M) | -93 | -16 | -22 |
| Net Financing Cashflow ($M) | 40 | -87 | -129 |
VSL Market & Earnings
| 2026 | 2025 | 2024 | |
|---|---|---|---|
| Market Cap ($M) | 747 | 767 | 876 |
| Net Gearing (%) | 194.7 | 311 | 329 |
| Net Interest Cover (%) | 1.87 | 1.7 | 2.47 |
| Dividend Yield (%) | 1.1 | 0.9 | 3.3 |
| NTA Per Share ($) | 1.4 | 1.11 | 1.1 |
| EBITDA ($M) | 140.4 | 135.4 | 164.5 |
| EBIT ($M) | 57.6 | 57.2 | 90.6 |
| EBT Before Abs ($M) | 26.8 | 23.6 | 53.9 |
VSL Balance Sheet
| 2026 | 2025 | 2024 | |
|---|---|---|---|
| Cash ($M) | 25.2 | 16.1 | 22.1 |
| Debtors ($M) | 148.2 | 119.9 | 131.2 |
| Other Debtors ($M) | |||
| Prepayments ($M) | 1.55 | 1.51 | 1.33 |
| Inventories ($M) | 315.9 | 310.1 | 330.1 |
| Current Investments ($M) | 0.48 | ||
| Other Current Assets ($M) | 2.15 | 2.83 | 3.39 |
| Total Current Assets ($M) | 493.5 | 450.5 | 488 |
| Receivables ($M) | |||
| Inventories ($M) | |||
| Property, Plant & Equipment ($M) | 685.7 | 582.6 | 538.5 |
| Accumulated Depreciation ($M) | -306.8 | -257 | -217.8 |
| Intangibles ex. Goodwill ($M) | 6.61 | 0.13 | 1.27 |
| Goodwill ($M) | 33.95 | 11.09 | 10.99 |
| Future Income Tax Benefit ($M) | 11.05 | 10.06 | 8.52 |
| Non-Current Investments ($M) | 6.94 | ||
| Other Non-Current Assets ($M) | |||
| Total Non-Current Assets ($M) | 437.5 | 346.9 | 341.5 |
| Total Assets ($M) | 931 | 797.4 | 829.5 |
| Accounts Payable ($M) | 155.5 | 133 | 131.9 |
| Provisions ($M) | 2.91 | 0.66 | 0.06 |
| Short Term Debt ($M) | 30.2 | 27.3 | 23.1 |
| Other Current Liabilities ($M) | |||
| Total Current Liabilities ($M) | 188.6 | 161 | 155 |
| Creditors ($M) | |||
| Long Term Debt ($M) | 488.8 | 478.9 | 517 |
| Provisions ($M) | |||
| Other Non-Current Liabilities ($M) | |||
| Total Non-Current Liabilities ($M) | 488.8 | 478.9 | 517 |
| Total Liabilities ($M) | 677.4 | 639.9 | 672.1 |
| Share Capital ($M) | 86.97 | 11.13 | 10.97 |
| Reserves ex. Share Premium ($M) | 25.87 | 8.56 | 11.25 |
| Share Premium Reserve ($M) | |||
| Retained Profits ($M) | 133.1 | 137.9 | 135.2 |
| Other Shareholders Equity ($M) | |||
| Convertible Equity ($M) | |||
| Outside Equity Interest ($M) | 7.67 | ||
| Total Shareholders Equity ($M) | 253.6 | 157.6 | 157.5 |
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