FilingReader Intelligence
Vulcan Steel cuts debt despite challenging FY25 performance
August 11, 2025 at 08:59 PM UTC•By FilingReader AI
Vulcan Steel expects FY25 EBITDA of NZ$106-109m and net profit of NZ$14-16m, including a NZ$3m impairment from the Wintec operation sale.
Net debt fell to NZ$232m from NZ$242m at December 31. The company's banking syndicate extended financial covenant relaxation to June 2026.
Daily sales stabilized in recent months, with volume recovery expected in the second half of FY26.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Primary Source Document
NZX:VSL•New Zealand Exchange
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