Resilient Profitability Despite Challenging Conditions
BlueScope reported an underlying EBIT of $309 million and a return on invested capital of 8.1%, maintaining profitability despite bottom-of-cycle conditions and a challenging macroeconomic environment.
Significant Shareholder Returns
The company delivered $162 million in shareholder returns and finished with an $88 million net cash balance sheet.
Cost and Productivity Program
BlueScope is underway with a $200 million cost and productivity program, aiming for $500 million in incremental annual EBIT by 2030.
Improved Outlook for Second Half FY '25
Underlying EBIT in the second half of FY '25 is expected to be in the range of $360 million to $430 million, driven by improved spreads in the U.S. and stronger domestic volumes in Australia.
Safety Initiatives
Nearly 200 risk control projects were identified, and TRIFR reduced to 8.0%, though it remains above the long-term range.