Bisalloy Steel Group (BIS) H2 2025 earnings summary

Executive summary

• Achieved record financial performance with profit after tax up 24.4% year-over-year, driven by strong Armour & Protection plate sales and a one-off AUKUS contract.

• Declared a fully franked final dividend of 16.5 cents per share, up 43.5% from last year.

• Maintained zero net debt and 0% gearing, reflecting a robust balance sheet.

• Continued focus on safety, with significant improvements in leading indicators and a 50% reduction in All-Injury Frequency Rate.

• Advanced commercialisation of OptiWear® sensor technology, with positive trial results and expected profitability within two years.

Financial highlights

• Revenue was $152.8m, nearly flat year-over-year ($152.9m in FY24).

• Net profit after tax rose to $20.0m from $16.2m in FY24.

• EBITDA reached $31.9m, with gross margin improvement due to favourable product mix and lower input costs.

• Basic EPS increased to 40.9 cents (FY24: 33.0 cents).

• Total dividends paid in FY25 were 32.5 cents per share, fully franked.

• Net cash position at year-end was $4.0m, down from $5.5m in FY24.

Outlook and guidance

• FY26 outlook is positive but expected to be softer than FY25 due to absence of one-off gains.

• Growth strategy focuses on China and Southeast Asia expansion, global Armour & Protection steel, and OptiWear commercialisation.

• Ongoing commitment to carbon neutrality by 2030.