middle.news
Steel & Tube FY26 Earnings Improve Amid Market Headwinds and Strategic Exits
6:30am on Wednesday 26th of August, 2026 AEST
•
Industrial Goods
Read Story
Steel & Tube FY26 Earnings Improve Amid Market Headwinds and Strategic Exits
6:30am on Wednesday 26th of August, 2026 AEST
Key Points
Revenue up 13.9% to NZD 438.9 million with volumes rising 15.9%
Normalised EBITDA surged 376% to NZD 9.9 million; normalised EBIT loss narrowed by 22.7%
Non-cash asset impairments of NZD 51.9 million weigh on statutory net loss
Portfolio review underway with planned exit of loss-making Reinforcing & Wire and Plate Processing
Read Story
middle.
Tap to Read
Tap the card to read the full analysis
about
Steel & Tube (NZX:STU)
OPEN ARTICLE