Key points
- FY26 revenue down 10.6% to $136.6m
- Net profit after tax down 16% to $16.8m
- Strong performance in Armour and Protection steel
- Completed SSN-AUKUS qualification contract
- First order for US submarine industry
Full summary
Bisalloy Steel Group Ltd released its financial results for the twelve months ended 30 June 2026. The company reported a 10.6% decrease in revenue to $136.6 million and a 16% drop in net profit to $16.8 million. The decline in net profit was due to the absence of one-off items recognized in the prior year. The company's Australian business performed strongly, driven by growth in Armour and Protection steel, which represented 33% of Australian revenue. International operations in Thailand and China also contributed positively, while Indonesia faced challenges due to import licensing restrictions. The company completed the SSN-AUKUS qualification contract and secured its first order for the US submarine industry, marking the first time Australian-made steel will be used in the construction of US Virginia-class submarines.
Outlook
Bisalloy Steel Group Ltd remains confident in its strategic direction and growth opportunities. The company plans to continue investing in its defence and international positions, manufacturing capability, and Digital Solutions to achieve sustained earnings growth.