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Earnings surged, shareholder returns hit records, and cost-out targets were exceeded in FY 2026.

Shareholder returns to rise to AUD 3/share in 2026 as investment phase ends and cash flow surges.

EAF transition, property strategy, and climate projects drive growth and emissions reduction.

Resilient performance, board renewal, and strategic growth plans received strong shareholder backing.

Resilient FY 2025 results with strong cost savings, positive FY 2026 outlook, and BCP impairment.

1H FY25 EBIT of $309 million; cost program and growth projects target $500 million EBIT uplift by 2030.

Resilient results, growth focus, and strong shareholder support amid industry challenges.

Early achievement of GHG targets and major decarbonization projects drive ESG progress.

Resilient FY24 results with robust cash returns, but FY25 faces headwinds from low steel spreads and inflation.