Bisalloy Steel Group (BIS) AGM 2025 summary

Opening remarks and agenda

• Chairman welcomed attendees, introduced board, management, auditors, and share registry representatives, and confirmed quorum for the meeting.

• Notice of meeting was circulated within the required period, and the agenda was outlined, including formal business and Q&A.

• Voting was conducted by poll, with instructions provided for online participation and proxy votes.

Dividend announcements

• Announced a special dividend of AUD 0.164, funded from existing earnings and supported by substantial franking credits.

• Emphasized that the dividend payout would not constrain growth objectives.

• Board continues to suspend the Dividend Reinvestment Plan (DRP), with a review planned before the next dividend announcement.

Financial performance review

• Past year's earnings were significantly influenced by the one-off AUKUS plate testing program, which is now largely complete.

• Protection Plate business grew, offsetting declines in Wear Plate demand due to mining sector cyclicality.

• Chinese joint venture delivered consistent earnings and year-on-year growth despite market challenges.

• Group revenue held steady and profitability improved, driven by favorable product mix and strong international operations.