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Highlights

  • BSP's FY2025 underlying EBIT was AUD 738.2 million, down AUD 601.0 million from the prior year.

  • Net profit after tax (NPAT) declined to AUD 83.8 million, a decrease of AUD 721.9 million from FY2024.

  • The company delivered AUD 130 million in net cost improvements in FY2025 and is targeting an additional AUD 200 million by FY2026.

BlueScope Steel Limited (ASX:BSP) announced its financial results for the year ended 30 June 2025, reporting underlying EBIT of AUD 738.2 million. This represented a decline of AUD 601.0 million compared with FY2024. Reported NPAT was AUD 83.8 million, down AUD 721.9 million on the prior year.

The Company also reported an underlying NPAT of AUD 421 million for the year. Underlying EBIT return on invested capital (ROIC) stood at 6.2%.

Dividend and Capital Management

BlueScope declared a final dividend of 30 cents per share, 50% franked. In addition, the Company announced an on-market share buyback of up to AUD 240 million, continuing its focus on disciplined capital management.

Cost and Productivity Program

During FY2025, BlueScope advanced its cost and productivity improvement program, delivering a net improvement of AUD 130 million against the FY2024 cost base. The Company has set a target of achieving AUD 200 million in net improvements by FY2026.

Looking ahead, BlueScope is progressing a program of initiatives that aims to deliver an additional AUD 500 million of annual earnings by 2030. These initiatives are aligned with its core capabilities and include development of its 1,200-hectare portfolio of surplus and adjacent landholdings, with activities expected to commence in FY2026.

Strategy and Growth to 2030

The Company outlined its medium-term growth plans, which focus on earnings growth opportunities within existing businesses and assets. BlueScope continues to pursue investments that support productivity improvements, operational efficiencies, and expansion into new areas, while remaining positioned to benefit from any potential recovery in global steel spreads.

The Company also highlighted the strategic importance of its multi-domestic business model, which prioritises in-market production for in-market consumption. 

Outlook for FY2026

BlueScope enters FY2026 with expectations of improved performance. For the first half of FY2026, the Company anticipates underlying EBIT in the range of AUD 550 million to AUD 620 million, subject to spread, foreign exchange, and market conditions.

The Company noted early signs of recovery in Australian construction activity and improving spreads in the United States, factors which could contribute positively to its performance in the year ahead.