BlueScope Steel Ltd., one of Australia's largest steel companies, increased profits by 1.8 times in the first half of fiscal 2026 (July-December) and more than doubled its dividend.
Underlying EBIT rose to $557.5 million ($395 million) from $308.8 million in the same period a year earlier.
Net profit more than doubled to $382 million. Visible Alpha respondents estimated the figure at $349 million.
The company raised its interim dividend to $0.75 per share from $0.3 a year ago, and also announced a buyback of $310 million.
BlueScope plans to have core EBIT in the range of $620-700 million for the second fiscal half.
Share Quotes BlueScope Steel closed down 2.7% on Monday. Over the past three months, the market value of the metallurgist has increased by more than
