Bisalloy Steel Group (BIS) H2 2026 earnings summary

Executive summary

• FY26 results aligned with guidance, reflecting the absence of prior year one-off items and ongoing execution of diversification and international expansion strategies.

• Strategic focus on defending core domestic business, growing international Armour and Protection, strengthening the Chinese JV, and commercialising OptiWear technology.

Financial highlights

• Revenue of $136.6m, down 10.6% year-over-year.

• Operating EBITDA of $27.7m, down 13.2% year-over-year.

• Net Profit After Tax attributable to members of $16.8m, down 14.4% year-over-year.

• Earnings Per Share of 34.9c, down 14.7% year-over-year.

• Fully franked final dividend of 13.0c per share declared.

Outlook and guidance

• FY27 will focus on converting recent investments into sustainable, diversified earnings, with continued investment in defence, international growth, manufacturing, and digital solutions.

• Execution against clear milestones prioritized over near-term earnings growth.

• No net debt entering FY27; growth to be funded from operating cash flow.

• Positive outlook supported by global defence expenditure, international demand, and OptiWear commercialisation.