FY25 Results, Acquisition and Equity Raising Presentation

• Acquisition of Roofing Industries, a leading metal roofing and cladding manufacturer in New Zealand
• Proposed fully underwritten pro rata accelerated renounceable entitlement offer to fund the acquisition
• Strong FY25 financial results with revenue and profit growth

Vulcan Steel Limited (ASX: VSL) has announced its FY25 financial results, the proposed acquisition of Roofing Industries Limited, a metal roofing and cladding manufacturer in New Zealand, and a fully underwritten pro rata accelerated renounceable entitlement offer to fund the acquisition. The company reported strong financial performance in FY25, with revenue and profit growth. The acquisition of Roofing Industries will expand Vulcan's presence in the New Zealand market and provide synergies and scale benefits. The equity raising will be conducted through an institutional and retail entitlement offer. Vulcan has undertaken due diligence on the acquisition, but notes that there are risks associated with the accuracy and completeness of the information provided by the vendor. The company cautions investors about relying too heavily on forward-looking statements, which are subject to various risks and uncertainties. Vulcan's past performance is not indicative of future results, and investors should carefully consider the key risks outlined in the presentation before making any investment decisions.

Vulcan expects to achieve strong revenue and profit growth in FY25 following the completion of the Roofing Industries acquisition.

Vulcan is confident that the acquisition of Roofing Industries will generate significant synergies and scale benefits, strengthening the company's position in the New Zealand market. The company is well-positioned for continued growth and success in the future.