Bisalloy Steel Group (BIS) AGM 2026 summary

Opening remarks and agenda

• Virtual AGM opened after quorum confirmation; shareholders were told that formal business and a poll would be followed by stakeholder questions.

• Three resolutions were scheduled for poll voting, with a simple majority required; valid proxies covered 13,875,630 shares, or 28.7% of issued capital.

Financial performance review

• FY 2026 revenue and earnings were in line with guidance; operating cash flow rose 30%, gross margins improved for a third consecutive year, and the year ended with no net debt.

• Manufacturing efficiency and yields improved during FY 2026 through better production planning, process control and supply-chain collaboration.

• Year-to-date sales revenue and volumes increased YoY in Australian wear and structural segments and the Indonesian joint venture.

Board and executive committee updates

• Ian Greenyer stood for re-election; he joined the board in November 2020 and brings 28 years of financial analysis and business improvement experience.

• Shareholder approval was sought for share rights to CEO and Managing Director Rowan Melrose under the long-term incentive plan, as required under ASX rules.