Resilient Profitability Amid Challenging Conditions
BlueScope reported an underlying EBIT of $309 million and a return on invested capital of 8.1% in a challenging macroeconomic environment.
Shareholder Returns and Strong Balance Sheet
Delivered $162 million in shareholder returns and maintained an $88 million net cash balance sheet.
Cost and Productivity Program
Initiated a $200 million cost and productivity program to be completed by FY '26, aiming for a $500 million incremental annual EBIT by 2030.
Safety Improvements
Implemented nearly 200 risk control projects and reduced TRIFR to 8.0%, although slightly above desired long-term range.
Future Growth Opportunities
Targeting an additional $500 million in annual EBIT by 2030 through various initiatives and investments.