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Bisalloy Steel Group Ltd ( (AU:BIS) ) has provided an update.
Bisalloy Steel Group Ltd reported a strong financial performance for FY25, with a 19.5% increase in operating EBITDA to $31.9 million and a 24.8% rise in net profit after tax to $19.6 million. Despite challenges in the Australian market due to reduced demand in Western Australia, the company benefited from increased activity in the gold sector and AUKUS-related deliveries. The Chinese Joint Venture and overseas distribution, particularly in Southeast Asia, contributed significantly to the company’s growth. Looking ahead to FY26, Bisalloy plans to focus on expanding in China and Southeast Asia, growing its Armour & Protection steel segment, and commercializing its OptiWear digital sensor technology.
The most recent analyst rating on (AU:BIS) stock is a Buy with a A$4.50 price target. To see the full list of analyst forecasts on Bisalloy Steel Group Ltd stock, see the AU:BIS Stock Forecast page.
More about Bisalloy Steel Group Ltd
Bisalloy Steel Group Ltd is Australia’s sole manufacturer of high-strength structural, wear-resistant, and armour steel plates using quenched and tempered steel. The company’s products are utilized in sectors such as mining, construction, general fabrication, and defense, with a wide distribution network across Australasia, Indonesia, Thailand, China, and the UAE.
Average Trading Volume: 84,905
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$207.4M
Learn more about BIS stock on TipRanks’ Stock Analysis page.