Resilient Profitability Amid Challenging Conditions
Despite the challenging macroeconomic environment, BlueScope remained profitable, achieving an underlying EBIT of $309 million and a return on invested capital of 8.1%.
Shareholder Returns and Strong Balance Sheet
BlueScope delivered $162 million in shareholder returns and maintained an $88 million net cash balance sheet.
Growth and Productivity Initiatives
The company is on track with its $200 million cost and productivity program, aiming for $500 million in incremental annual EBIT by 2030.
Safety Program Advancements
Nearly 200 risk control projects identified, with a reduction in TRIFR to 8.0%, showcasing improvements in safety practices.
Climate Action and Sustainability Efforts
Progress on climate strategy with collaborations and projects, including the Electric Arc Furnace project in New Zealand.
Upbeat Second Half FY '25 Outlook
Expected underlying EBIT improvement to $360 million to $430 million driven by improved spreads in the U.S. and stronger domestic volumes in Australia.