BlueScope Steel increased its profit 1.8 times and more than doubled its dividends

BlueScope Steel Ltd., one of Australia's largest steel companies, increased its profit 1.8 times in the first half of fiscal year 2026 (July-December) and more than doubled its dividends.

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.

In the second financial half of the year, BlueScope plans to achieve a core EBIT in the range of $620-700 million.

The stock prices of BlueScope Steel decreased by 2.7% following the results of trading on Monday. Over the past three months, the metallurgist's market value has increased by more than