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How Steel & Tube Holdings Limited makes money — FY2024
Revenue $479.1m · EBITDA $31.4m (6.6% of revenue) · Net profit $2.6m (0.6% of revenue) · Balance date 30 June 2024
Band widths are proportional to NZD amounts. Dashed outlines mark derived figures; the hatched node is a balancing item (net profit less every line above it).
| FY2024 | Amount | Status | Note |
|---|---|---|---|
| Revenue | $479.1m | Reported | |
| Operating costs (net of other income) | −$447.7m | Derived * | |
| EBITDA | $31.4m | Reported | |
| Depreciation & amortisation | −$31.4m | Derived * | |
| EBIT | $10k | Reported | |
| Interest | — | Not reported | Included in the balancing item. |
| Income tax | — | Not reported | Included in the balancing item. |
| Interest, tax and other items (net gain) | +$2.6m | Balancing item * | Net profit less the lines above; covers fair-value movements, impairments, associates and anything else not itemised. |
| Net profit | $2.6m | Reported |
- * depreciation amortisation: $31.4m = EBITDA − EBIT (may include impairments)
- * operating costs: $447.7m = Revenue − EBITDA
Figures extracted automatically from the annual report; check against the report. NZD thousands as stored, shown in millions. Source: annual_report_pdf · method: claude_haiku_pdf · extracted 7 March 2026.
Annual report: Annual Report 2024 (PDF, NZX)
Steel & Tube Holdings Limited board of directors
7 current directors, 100% independent, average tenure 5.7 years.
| Director | Role | Independent | Appointed | Tenure | Committees |
|---|---|---|---|---|---|
| Susan Paterson | Chair | Yes | 2017 | 9.8 yrs | — |
| Andrew Flavell | Independent Director | Yes | 2021 | 5.0 yrs | — |
| Christopher Ellis | Independent Director | Yes | 2017 | 9.1 yrs | — |
| Cassandra Rose Crowley | Independent Director | Yes | 2026 | 0.1 yrs | — |
| Tim Deane | Independent Director | Yes | 2026 | 0.1 yrs | — |
| Mark Malpass | Independent Director | Yes | 2017 | 9.6 yrs | — |
| Karen Mary Jordan | Independent Director | Yes | 2020 | 5.9 yrs | — |
Future directors & observers
Non-voting board observers, such as Institute of Directors Future Directors. They are not counted in the board size, independence or governance figures above.
- Cherie Kerrison — Future Director, since 2023
STU governance score breakdown
Steel & Tube Holdings Limited scores 85/100 (Excellent) on the NZXplorer Governance Risk Score for FY2026, based on 73% data coverage. See the GRS methodology.
- Board structure
- 25/25
- Shareholder rights
- 20/20
- Executive remuneration
- 4/10
STU dividends
The most recent Steel & Tube Holdings Limited dividend on record is 2.00 cents per share, for FY2024 (final), 100% imputed, ex-dividend 5 Sept 2024, paid 27 Sept 2024.
Steel & Tube Holdings Limited largest shareholders
Top 10 registered holders of STU as disclosed for FY2025. Registry holdings include custodians and nominees, which may hold on behalf of many underlying investors.
| # | Holder | Holding |
|---|---|---|
| 1 | New Zealand Steel Limited | 14.31% |
| 2 | Perry Group Ltd | 8.43% |
| 3 | Lennon Holdings Limited | 5.22% |
| 4 | Accident Compensation Corporation | 2.83% |
| 5 | New Zealand Depository Nominee Limited | 2.24% |
| 6 | Custodial Services Limited | 2.00% |
| 7 | Maxima Investments Limited | 1.81% |
| 8 | Citibank Nominees (New Zealand) Limited | 1.17% |
| 9 | HPI Avondale Limited | 1.15% |
| 10 | FNZ Custodians Limited | 1.05% |
Recent STU NZX announcements
The 10 most recent filings by Steel & Tube Holdings Limited to the NZX.
- Steel & Tube - Director Appointment - Murray GutryDirector Appointment
- Steel & Tube - FY26 Director Nomination Closing DateOther
- Steel & Tube - Director Appointment and Board RefreshDirector Appointment
- Steel & Tube - FY26 ResultsFull Year Results
- Steel & Tube - Director Appointment - Tim DeaneDirector Appointment
- Steel & Tube - FY26 Results Date and Analyst BriefingEarnings Results
- Steel & Tube - Director Resignation - Steve ReindlerDirector Departure
- Steel & Tube - Shareholder Newsletter - June 2026General
- Steel & Tube - Renewed Bank Facilities & Trading UpdateOperational Update
- Steel & Tube - 1H26 Interim ResultHalf Year Results
Steel & Tube Holdings Limited (STU) — frequently asked questions
What does Steel & Tube Holdings Limited do?
Steel & Tube Holdings distributes steel products, roofing, piping, and building materials across New Zealand, serving construction, infrastructure, and manufacturing sectors. Steel & Tube Holdings Limited is listed on the NZX under the ticker STU, in the Materials sector.
What is the Steel & Tube Holdings Limited (STU) share price?
Steel & Tube Holdings Limited (NZX:STU) shares closed at $0.29 on 21 October 2026, down 4.84% on the previous close. At that price its market capitalisation was about $54 million, based on 183,632,035 shares on issue.
Who are the directors of Steel & Tube Holdings Limited?
Steel & Tube Holdings Limited has 7 current directors: Susan Paterson (Chair), Andrew Flavell (Independent Director), Christopher Ellis (Independent Director), Cassandra Rose Crowley (Independent Director), Tim Deane (Independent Director), Mark Malpass (Independent Director) and Karen Mary Jordan (Independent Director). 7 of the 7 are recorded as independent (100%). Average board tenure is 5.7 years.
Who is the chair of Steel & Tube Holdings Limited?
Susan Paterson chairs the Steel & Tube Holdings Limited board, and has been a director since 2017.
What was Steel & Tube Holdings Limited's most recent dividend?
The most recent Steel & Tube Holdings Limited dividend on record is 2.00 cents per share for FY2024 (final), 100% imputed, ex-dividend 5 September 2024, paid 27 September 2024.
What is Steel & Tube Holdings Limited's dividend yield?
Steel & Tube Holdings Limited paid no ordinary dividend with an ex-date in the 12 months to 22 October 2026, so its trailing dividend yield is 0%. The last ordinary dividend on record was 2.00 cents per share, ex-dividend 5 September 2024.
Who are the largest shareholders of Steel & Tube Holdings Limited?
The largest registered holder of STU shares in the FY2025 top-20 register was New Zealand Steel Limited, with 14.31%, followed by Perry Group Ltd (8.43%) and Lennon Holdings Limited (5.22%).
What is Steel & Tube Holdings Limited's governance score?
Steel & Tube Holdings Limited has an NZXplorer Governance Risk Score of 85/100 (Excellent) for FY2026, based on 73% data coverage.
When was the last Steel & Tube Holdings Limited annual meeting?
The most recent Steel & Tube Holdings Limited annual meeting on record was held on 22 October 2025.
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