GFG Alliance’s Australian steelmaker & distributor InfraBuild has reported AUD 665.8 million adjusted EBITDA in the financial year to June 30, which was nearly two-times the FY21 number. Revenue was up 32% YoY to AUD 6 billion, while after tax profit more than doubled to AUD 283.9 million and net assets increased by AUD 278 million to AUD 1.42 billion. The revenue boost was due to increased sales across all three divisions - recycling, manufacturing and distribution InfraBuild is Australia’s leading integrated manufacturer, supplier & recycler of steel long products and solutions including structural, reinforcing & building products InfraBuild owns the steelmaking and distribution business formerly owner by Arrium and predecessor OneSteel. InfraBuild’s Whyalla Steelworks is a fully integrated steelworks and the only manufacturer of rail in Australia. Iron ore is mined in the Middleback Range to feed the steelworks. It occupies a 1,000 hectare site on the shore of False Bay, Spencer Gulf and is the largest employer in Whyalla in South Australia. Approximately 1.2 million tonnes of raw steel is produced in the steelworks each year, with about 65% of that transferred by rail to Arrium's Market Mills as billets for further processing. The balance of the steel is then converted to finished products at the Whyalla Rolling Mill. These products service the construction and rail transport industries.
GFG Alliance’s Australian steelmaker & distributor InfraBuild has reported AUD 665.8 million adjusted EBITDA in the financial year to June 30, which was nearly two-times the FY21 number. Revenue was up 32% YoY to AUD 6 billion, while after tax profit more than doubled to AUD 283.9 million and net assets increased by AUD 278 million to AUD 1.42 billion. The revenue boost was due to increased sales across all three divisions - recycling, manufacturing and distribution InfraBuild is Australia’s leading integrated manufacturer, supplier & recycler of steel long products and solutions including structural, reinforcing & building products InfraBuild owns the steelmaking and distribution business formerly owner by Arrium and predecessor OneSteel. InfraBuild’s Whyalla Steelworks is a fully integrated steelworks and the only manufacturer of rail in Australia. Iron ore is mined in the Middleback Range to feed the steelworks. It occupies a 1,000 hectare site on the shore of False Bay, Spencer Gulf and is the largest employer in Whyalla in South Australia. Approximately 1.2 million tonnes of raw steel is produced in the steelworks each year, with about 65% of that transferred by rail to Arrium's Market Mills as billets for further processing. The balance of the steel is then converted to finished products at the Whyalla Rolling Mill. These products service the construction and rail transport industries.
