Resilient Performance Amid Challenging Conditions
BlueScope delivered an underlying EBIT of $309 million and a return on invested capital of 8.1% during the first half of FY '25, despite a challenging macroeconomic environment.
Shareholder Returns and Strong Balance Sheet
The company returned $162 million to shareholders and maintained an $88 million net cash balance sheet. A fully franked interim dividend of $0.30 per share was also declared.
Cost and Productivity Program
BlueScope is underway with a $200 million cost and productivity program, aiming to deliver $500 million in incremental annual EBIT by 2030.
Growth Initiatives in North America
Targeting an annual EBIT improvement of over $200 million in North America through various projects, including the debottlenecking project at North Star.
Domestic Market Strength in Australia
Solid domestic market performance with COLORBOND steel sales increasing by 9% compared to the second half of '24.
Future Earnings Growth
BlueScope expects earnings growth in excess of $700 million over the next five years, driven by strategic investments and market improvements.