FY2026 Results ASX Release

• FY2026 net profit after tax (NPAT) was $802 million, a 857% increase on FY2025
• Underlying EBIT of $1.27 billion was materially higher than FY2025
• BlueScope plans to deliver $3.00 per share in shareholder returns in FY2027

BlueScope Steel reported a net profit after tax (NPAT) of $802 million for FY2026, a substantial 857% increase from the previous year. The underlying earnings before interest and tax (EBIT) was $1.27 billion, reflecting stronger US spreads, record Southeast Asia performance, and solid cost management. The company also announced a final ordinary dividend of 65 cents per share and a special dividend of 70 cents per share, totaling $3.00 per share in shareholder returns for FY2026. Looking ahead, BlueScope expects underlying EBIT in the first half of FY2027 to be between $860 million and $960 million, subject to market conditions.

Underlying EBIT in 1H FY2027 is expected to be in the range of $860 million to $960 million

BlueScope anticipates continued strength in North America, recovery in Australia, and momentum in Southeast Asia, while acknowledging ongoing challenges in China.