Steel & Tube Holdings Limited Ordinary Shares
STU.NZXIndustrials
Steel & Tube was formed in 1953 and listed in 1967. It is now one of New Zealand's leading providers of steel solutions, allowing access to the widest range of steel products in the market, through its nationwide network of distribution centres. The company distributes and processes a range of steel products and operates through two divisions - Distribution and Infrastructure - and offers an end to end customer experience, advising, sourcing and supplying customers with their steel requirements. The acquisition of complementary businesses over the years has led to Steel & Tube owning a portfolio of strong heritage brands. The company is focused on delivering quality service and products, safely to customers. - Today, Steel & Tube operates in the New Zealand market, primarily in the construction, manufacturing and rural sectors.
Market Data
$0.375
0.0%$68.9M
-2.5x
$-0.148
0.00%
-0.5%
Latest Earnings
Steel & Tube - 1H26 Interim Result
25 February 2026
Steel & Tube reported challenging 1H26 results with an 8.1% revenue increase to NZ$211.9M but delivered a net loss of NZ$12.4M. The Perry Metal Protection galvanizing acquisition performed ahead of expectations, partially offsetting base business margin pressures from economic headwinds and competitive conditions. Key points: Perry Metal Protection galvanizing acquisition exceeding business case expectations within first 8 months; Volumes increased 11.3% to 54.2 ktonnes with revenue up 8.1%; Normalised EBITDA remained positive at $2.8M despite challenging conditions
Recent Announcements
Steel & Tube - 1H26 Interim Result
Steel & Tube reported challenging 1H26 results with an 8.1% revenue increase to NZ$211.9M but delivered a net loss of NZ$12.4M. The Perry Metal Protection galvanizing acquisition performed ahead of expectations, partially offsetting base business margin pressures from economic headwinds and competitive conditions. Key points: Perry Metal Protection galvanizing acquisition exceeding business case expectations within first 8 months; Volumes increased 11.3% to 54.2 ktonnes with revenue up 8.1%; Normalised EBITDA remained positive at $2.8M despite challenging conditions
Steel & Tube - 1H26 results date notification
Steel & Tube Holdings Limited (NZX: STU) announced it will release its half-year financial results for the six months ending 31 December 2025 on Wednesday 25 February 2026, with an investor and analyst briefing scheduled for 10:00am NZST.
Steel & Tube - Trading Update - November 2025
Steel & Tube Holdings Limited (NZX: STU) reported challenging trading conditions for the four months to end-October 2025, with revenue of $145.2 million (up 2.4% YoY) but normalised EBIT of $(7.2) million (down $2.2 million YoY); the company maintained its capital structure and expressed confidence in recovery driven by lower interest rates, infrastructure projects, and improved building consents.
Steel & Tube - Results - 2025 Annual Shareholders Meeting
Steel & Tube Holdings Limited held its Annual Shareholders Meeting on 22 October 2025 in Auckland, where all three resolutions were passed with strong majority support. Resolutions covered auditor remuneration (KPMG), re-election of director Andrew Flavell, and ratification of a prior share issue of 15,476,755 shares to Perry Group Limited at NZD $0.8432 per share completed on 1 May 2025. This announcement contains no financial results or earnings data. Key points: All three AGM resolutions passed with strong shareholder support (98.5%–98.85% in favour); Andrew Flavell re-elected as director with 98.50% of votes in favour; Ratification of 15,476,755 share issue to Perry Group Limited at NZD $0.8432 per share passed with 98.85% approval
Steel & Tube - FY25 Results Presentation Amendment
Steel & Tube Holdings Limited (NZX: STU) has amended its FY25 Results Presentation to correct historical Perry Metal Protection EBITDA figures on page 9, where March 2025 and June 2025 columns were incorrectly shown at $11m and should have been $9m, and clarified that delivered and prior comparison period EBITDA amounts are post-IFRS 16.
Steel & Tube - FY25 Results
Steel & Tube reported a challenging FY25 with revenue falling 20% to NZD $385.4m and a net loss after tax of $24.4m, driven by a 12% volume decline and margin compression in a recessionary New Zealand economy. Normalised EBITDA remained marginally positive at $2.1m (vs $35.8m in FY24), supported by ~$7m in annualised cost savings and positive contributions from growth investments including the newly acquired Perry Metal Protection galvanizing business. The company sees early signs of recovery in 2H25 and expects improvement through FY26, though the market remains highly competitive with no dividend declared. Key points: Normalised EBITDA remained positive at $2.1m despite severe cyclical downturn, demonstrating cost discipline; ~$7m annualised cost-out programme in FY25 (vs ~$5m in FY24), more than offsetting inflationary pressure; Perry Metal Protection acquisition (completed May 2025 for $46.4m) performing ahead of expectations, delivering $1.7m EBITDA vs $1.4m PCP in first two months
Steel & Tube - 1H25 Interim Result
Steel & Tube Holdings reported a significant swing to a loss in 1H25, with revenue declining 25.1% to NZD 196.0M and a net loss after tax of NZD 10.4M compared to a profit of NZD 5.3M in the prior corresponding period. Both the Distribution and Infrastructure segments reported negative EBIT, with total group EBIT falling to -NZD 10.9M from +NZD 10.2M in 1H24, reflecting weak market conditions and higher cost pressures. No interim dividend was declared, and the company announced a conditional acquisition of Perry Metal Protection Limited and WSB Hamilton Limited for NZD 43.5M plus up to NZD 6M in contingent consideration. Key points: Operating cash flow remained positive at NZD 23.1M, reflecting a NZD 11.7M reduction in inventories from NZD 121.3M to NZD 109.6M.; Cash position improved from NZD 8.7M to NZD 17.5M with no drawn bank debt, maintaining a net cash position.; The company announced a strategic bolt-on acquisition of Perry Metal Protection Limited and WSB Hamilton Limited for NZD 43.5M plus up to NZD 6M contingent consideration, to be funded 70% cash and 30% equity, expected to close in 2H25.
Get real-time alerts for STU
Receive AI-powered earnings summaries and instant notifications when Steel & Tube Holdings Limited Ordinary Shares releases results.
Register Free