Bisalloy Steel Group (BIS) H2 2024 earnings summary

Executive summary

• Revenue for FY24 was $152.8m, a slight decrease of 0.2% year-over-year.

• Operating EBITDA rose 16.1% to $26.7m compared to FY23.

• Net Profit After Tax attributable to members increased 22.7% to $15.7m year-over-year.

• Earnings Per Share grew 22.2% to 33.0c, and a final fully franked dividend of 11.5c per share was declared.

Financial highlights

• Operating EBITDA for FY24 was $26.7m, up from $23.0m in FY23.

• Net Profit After Tax attributable to members reached $15.7m, up from $12.8m in FY23.

• Final dividend per share increased 21.1% to 11.5c.

• Improved input costs in H2 and favorable product mix contributed to profit growth.

Outlook and guidance

• Australian economy remains resilient, but downside risks are increasing.

• Global steel prices and margins face threats from geopolitical risks and Chinese demand slowdown.

• Awaiting outcome of Anti-Dumping Commission's review of Case 638.

• Continued investment planned domestically and internationally.