Latest Vulcan Steel (ASX:VSL) News

Vulcan Steel has extended the relaxation of its banking covenant thresholds through June 2026, reinforcing its liquidity position amid uncertain economic conditions.

Vulcan Steel announces a significant leadership transition with CEO Rhys Jones retiring after nearly two decades, handing the reins to Gavin Street from January 2026. The board reshuffle also sees Jones moving to non-executive Chair, ensuring continuity at the top.

Vulcan Steel Limited has announced a fully franked ordinary dividend of NZD 0.02588235 per share for the six months ending December 2024, payable on March 27, 2025. The dividend includes a supplementary component for Australian shareholders.

Vulcan Steel’s 1H FY25 results reveal a steep decline in profitability amid tough economic conditions, yet the company signals cautious optimism for a market rebound in 2025.

Vulcan Steel Limited reported a 12.6% revenue decline and a 64.8% drop in net profit for the first half of FY25 amid challenging market conditions. Despite this, the company achieved a 10% return on capital employed and is positioning itself for growth as economic recovery signs emerge.

Vulcan Steel Limited reported a challenging first half of FY25 with significant declines in revenue, EBITDA, and net profit, yet maintained a solid 10% return on capital employed and declared a cautious interim dividend.