BlueScope reported a strong first half with underlying EBIT of $558 million, reflecting a $249 million increase year-over-year, and remains committed to maximizing shareholder value through significant cash returns and operational enhancements.

• Underlying EBIT rose to $558 million, driven by diversified portfolio strength and stable ROIC of 8.1%.
• The company plans to distribute $3 per share in returns in the 2026 calendar year, increasing the shareholder payout target to 75% of free cash flow.
• BlueScope anticipates second half underlying EBIT between $620 million and $700 million, supported by stronger U.S. steel spreads and improved sales volumes.
• Major projects, including the North Star debottlenecking and new metal coating line, are progressing well, positioning the company for future growth.
• BlueScope initiated a new $150 million cost reduction program, aiming for a simpler and more agile operational structure.