Vulcan Steel Limited

VSL.ASX

Materials

Metals distribution and processing

Market Data

Price

$5.550

+0.0%
Market Cap

$813.2M

P/E Ratio

62.3x

EPS

$0.089

Div. Yield

0.00%

52-Week Change

-0.1%

Latest Earnings

1HFY26 Half Year results announcement

24 February 2026

Revenue
$535.40
+8.6% YoY
NPAT
$8.30
-9.3% YoY
Dividend
$0.03

Vulcan Steel delivered mixed 1H FY26 results with revenue growing 8.6% to NZ$535.4M driven by the Roofing Industries acquisition, but EBITDA declined 1.1% to NZ$56.3M amid margin pressure. Operating cash flow fell sharply by 52.1% to NZ$38.7M, while the company reduced net debt by NZ$30.1M and declared a 2.5 cent interim dividend. Management remains cautiously optimistic about gradual recovery in both Australian and New Zealand markets. Key points: Successful acquisition of Roofing Industries funded through NZ$93.8M capital raising, now operating in seven industry verticals; Revenue growth of 8.6% to NZ$535.4M driven by acquisition; Net debt reduced by NZ$30.1M to NZ$202.3M

Recent Announcements

26 Mar 2026 Sph Neutral

Ceasing to be a substantial holder - NZ Super Fund

NZ Super Fund ceased to be a substantial holder (5.650%).

24 Feb 2026 Actual Results Neutral

1HFY26 Half Year results announcement

Vulcan Steel delivered mixed 1H FY26 results with revenue growing 8.6% to NZ$535.4M driven by the Roofing Industries acquisition, but EBITDA declined 1.1% to NZ$56.3M amid margin pressure. Operating cash flow fell sharply by 52.1% to NZ$38.7M, while the company reduced net debt by NZ$30.1M and declared a 2.5 cent interim dividend. Management remains cautiously optimistic about gradual recovery in both Australian and New Zealand markets. Key points: Successful acquisition of Roofing Industries funded through NZ$93.8M capital raising, now operating in seven industry verticals; Revenue growth of 8.6% to NZ$535.4M driven by acquisition; Net debt reduced by NZ$30.1M to NZ$202.3M

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