Highlights 2025/26
The 2025/26 business year was marked worldwide by geopolitical turmoil, armed conflicts, and sweeping changes to long-standing economic and legal frameworks.
Consequently, uncertainty set in among customers in many market segments worldwide. The economy in Europe stagnated for much of the reporting period. In North America, positive economic growth was driven primarily by high levels of investment in artificial intelligence. In Brazil, however, economic momentum weakened significantly. Chinese economic growth was again driven primarily by exports in the 2025/26 business year.
The Group’s global footprint, broad diversification across products and customer segments, and focus on the premium quality segment supported the positive performance of the voestalpine Group in this challenging environment. Active management and the consistent implementation of necessary reorganization measures led to very solid results overall in the 2025/26 business year.
Revenues declined by 4.3% year-over-year from EUR 15,743.7 million to EUR 15,063.1 million, also attributable to the sale of the German Buderus Edelstahl plant in January 2025.
Earnings improved across all categories compared to the previous year. The prior 2024/25 business year was impacted by one-off effects.
Operating profit (EBITDA) rose by 10.3% from EUR 1,346.4 million to EUR 1,485.6 million.
Operating profit (EBIT) increased significantly by 59.0% to EUR 723.5 million (previous year: EUR 455.1 million).
Earnings before taxes improved significantly by 116.9% to EUR 586.6 million (previous year: EUR 270.5 million).
Net income after taxes recorded a striking increase of 137.6% to EUR 424.3 million (previous year: EUR 178.6 million).
Equity increased by 4.5% to EUR 7,800.6 million as of March 31, 2026 (previous year: EUR 7,464.7 million).
Cash flow from operating activities increased by 8.4% to EUR 1,540.1million (previous year: EUR 1,420.5 million).
The investment projects for the transformation of steel production, “greentec steel,” proceeded according to plan in the 2025/26 business year, both in terms of timing and budget.
Thanks to the excellent cash flow performance, net financial debt was reduced to EUR 1,263.7 million as of March 31, 2026, despite high levels of investment (previous year: EUR 1,650.0 million).
The gearing ratio (net financial debt as a percentage of equity) improved to 16.2% as of March 31, 2026 (previous year: 22.1%).
Dividend proposal to the Annual General Meeting: EUR 0.75 per share.
- From investing activities: outflow/inflow of liquid assets from investments/disinvestments.
- From operating activities: outflow/inflow of liquid assets not affected by investment, disinvestment, or financing activities.
- From financing activities: outflow/inflow of liquid assets from capital expenditures and capital contributions.