Bisalloy Steel reports strong FY25 performance, positive outlook

Bisalloy Steel Group Limited has announced a strong financial performance for FY25, reporting a revenue of $152.8m and an operating EBITDA of $31.9m. Net profit after tax reached $20.0m. Basic earnings per share increased to 40.9 cents, contributing to total dividends of 24.5 cents for the year. The company achieved 0% gearing (net debt / net debt + equity) in both FY24 and FY25, indicating a strong financial position.

The company's Australian operations saw Bisalloy Wear Steel account for 53% of sales tonnage, with Structural Steel at 35% and Armour & Protection Steel at 12%. Mining dominated the industry breakdown at 56%, followed by Queensland (27%) and Western Australia (35%) in regional sales. Overseas operations, including Indonesia and Thailand, contributed to the group's sales by region.

Looking ahead to FY26, Bisalloy remains optimistic, forecasting continued solid results driven by increased defense spending and one-time gains from initiatives like AUKUS. Strategic initiatives include growing armour sales, expanding in China and Southeast Asia through its joint venture, and commercializing OptiWear sensor technology as part of Bisalloy Digital Solutions. The company also plans continued development and growth in the Australian domestic market with new and improved products.