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Vulcan Steel reports NZ$129.3 million annual EBITDA
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Vulcan Steel reports NZ$129.3 million annual EBITDA

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  • Vulcan Steel recorded a 19% increase in reported EBITDA to NZ$129.3 million alongside year-on-year underlying volume growth.
  • The company declared a total FY26 dividend of 7 NZ cents per share while reducing net bank debt.
  • Growth was driven by strong rollforming acquisition integration and expanded hybrid site network operations.

Vulcan Steel (ASX:VSL) announced its financial results for the year ended June 30, delivering an operating cash flow of NZ$73 million alongside reported earnings per share of NZ 14.4 cents.

The performance follows previous underlying volume declines, marking the first year-on-year volume expansion for the business since FY22.

Reported EBITDA for the period was of NZ$129.3 million, up 19% from NZ$109 million in FY25.

"Customer service remained a priority, with delivered in full, on time performance maintained at 98%. Net bank debt reduced by NZ$5.1 million to NZ$227.3 million at the end of FY26 from NZ$232.4 million at the end of FY25," said Vulcan Steel Managing Director and CEO Gavin Street.

The acquired rollforming division contributed nine months of trading ahead of expectations, while net bank debt was reduced by NZ$5.1 million to finish at NZ$227.3 million.

Operational expansion saw the business open one new greenfield site in Toowoomba, Queensland, and convert four existing locations into hybrid operating sites.

Following the announcement, the Vulcan Steel share price was down at $5.25.

The Australasian distributor operates industrial site networks to supply metals and value-added steel processing services across regional markets.

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