Today Steel & Tube has announced its results for the year ended 30 June 2025.
Our annual report and results announcement can be read here https://steelandtube.co.nz/investor-centre.
In a challenging year, our strategy continued to guide our actions and deliver results as we focused on what matters most – making life easier for our customers. At a time when many businesses pulled back, we continued to invest through the cycle – putting us in prime position to support the country’s growth and deliver value as the economy recovers.
The acquisition of Perry Metal Protection – a market leader in galvanizing services – was a highlight for the year and is performing ahead of expectations.
We also strengthened our customer value proposition and are increasingly being selected as a preferred supplier, delivering quality and reliability. Our operating leverage has increased as we have focused on IT/ digital systems, costs and efficiency. This will drive margin expansion and profit growth as the economic cycle recovers.
𝗢𝘂𝗿 𝗽𝗲𝗼𝗽𝗹𝗲 = 𝗼𝘂𝗿 𝗲𝗱𝗴𝗲
What truly sets us apart is our team of more than 900 people. Their professionalism, commitment and pride in the service they deliver has never been more evident than over the past year.
𝗥𝗲𝗮𝗱𝘆 𝗳𝗼𝗿 𝘁𝗵𝗲 𝘂𝗽𝘀𝘄𝗶𝗻𝗴
FY25 made us stronger, leaner and ready to seize the upswing. With a streamlined, cost-efficient business, strong market position and deep customer relationships, we’re ready to move quickly when demand improves.
We started to see some activity lift in 2H25 which is expected to continue to improve through FY26 as the benefits of lower interest rates take effect and stimulate confidence, spending and investment, along with Government-backed construction projects.
The long-term outlook is positive, with plenty of demand for steel and metal solutions ahead.
To our people, our customers and our shareholders – thank you for your trust and support.