BlueScope's profits down, dividends up - share price jumps

Half-year profits slump: CEO Vassella puts faith in growth strategy as tariff uncertainty remains

BlueScope has posted 59% drop in profits for the first-half of the 2025 financial year but raised its dividend and extended its share buyback.

The nation's biggest steel manufacturer reported on Monday net profit for the six months to December slumped to $179.1 million, down from $439.3 million a year ago.

Underlying earnings before interest and tax fell 57% to $308.8 million due to lower steel prices and higher costs.