InfraBuild Full Year Results Financial Year 2025

InfraBuild is Australia’s largest steel long products manufacturer and has continued to invest in its operations throughout the year, remaining in a solid position with robust liquidity positioning the company well to manage the challenging market conditions.  

InfraBuild has finalised its audited accounts for Financial Year ending 30 June 2025:   

• InfraBuild is Australia’s largest steel long product manufacturer, selling 1.97 million tonnes of steel in FY25   

• FY25 revenue of $4,435 million   

• FY25 underlying EBITDA of $223 million   

• FY25 capital expenditure of $117 million   

• Strong balance sheet with $701.1 million total cash ($596.8 million unrestricted)   

• Net loss after tax of $250 million impacted by trading conditions, significant items, and refinance costs  

Without a level playing field to compete against low-cost imports, the ability for InfraBuild to invest in jobs, new products and services for customers, decarbonisation efforts and longevity of a domestic manufacturing industry, is threatened.   

InfraBuild’s results for Financial Year 2025 have been challenged by the over-capacity of steel globally, contributing to the rise in imports into the domestic market and the downward pressures on pricing and margins. Further impacting trading conditions has been the softer residential building sector. These factors have led to the 6 per cent drop in total tonnes of steel sold during the year and 8 per cent drop in revenue.   

During the year significant one-off items relating to internal restructuring efforts to meet the challenges of the market and provisions against related-party receivables, along with group costs impacted the overall financial performance.   

The company has continued to invest in its decarbonisation efforts, manufacturing abilities and digital capabilities. Sales of SENSE 600 reinforcing bar continue to grow as market engagement leads to a solid pipeline of sales. SESNE 600 is InfraBuild’s new reinforcing bar made from 100 per cent scrap, using up to 16.7% less raw material with the same load capacity that can deliver a lower embodied carbon solution of up to 39% than our 500N reinforcing steel, helping play a role in lowering customers’ Scope 3 emissions.   

InfraBuild is a key part of Australia’s manufacturing industry as the only electric arc furnace steelmaker, the country’s second-largest metals recycler, and the nation’s lowest carbon-intensive steel producer, employing more than 4,600 workers across the county.   

InfraBuild CEO Francisco Irazusta said:  

“Our ongoing commitment to manufacturing in this country is unwavering as we believe in providing jobs, skills and training to keep sovereign steel manufacturing in Australia.   

“However, our operations are continually threatened by the persistent increase in cheap imports arising from an over-supply of steel internationally, coupled with protectionist trade measures across Europe, Asia and USA.   

“Despite these challenges, InfraBuild continues to double-down on investing in our manufacturing and digital capabilities and reducing our carbon emissions enabling us to manufacture the lowest embodied-carbon steel in Australia.   

“During the financial year, InfraBuild secured its first power purchase agreement to provide approximately 25 per cent renewable electricity for our Sydney Steel Mill and Newcastle Rod Mill, playing a part in further reducing the carbon emissions involved in our steel production.   

“InfraBuild had a capital spend of $117 million during the year, further investing in our manufacturing capabilities including upgraded electricity equipment for Sydney Steel Mill, construction of a new mesh facility at Newcastle, and new wire cleaning house at Newcastle. In addition, we continued development in a new digital customer platform, along with investments in robotics, machine learning and artificial intelligence.   

“More recently in October, we announced upgrades to our steelmaking capacity at our Melbourne and Sydney sites allowing us to increase the amount of steel billets produced over the next decade, positioning InfraBuild well for the growing market demands from building and infrastructure, particularly in Queensland ahead of the Brisbane Olympic Games.   

“While the Australian steel industry continues to experience softer sales in the short-term, InfraBuild has been navigating these tough times by restructuring our operations, investing in our business and maximising our core profitable product offerings to set us up well for the future.”   

-ENDS- 

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