Significant Turnaround in Earnings
FY '25 saw a nearly 50% increase in underlying EBITDA to $430 million and a near 200% increase in underlying EBIT to $174.9 million, despite a drop in sales volumes.
Improved Safety and Employee Engagement
Continued strong performance in safety metrics and maintained a high employee engagement score through challenging market conditions.
Strong Nonferrous Performance
Nonferrous trading accounted for 34% of group revenue, up 7 percentage points from the previous year, driven by robust demand.
Successful Cost Reduction Efforts
Achieved $35 million in labor cost savings and reduced corporate costs by ceasing development of the plasma gasification technology.
SLS Business Growth
SLS contributed 20% of underlying EBIT, with significant growth in the number of repurposed units and strong demand driven by AI.
Strategic Domestic Market Growth
Shift to more domestic sales in North America, capturing U.S. domestic premiums and reducing export-related risks.