Companies / VSL

VULCAN STEEL LIMITED

ASX:VSLMaterials
146.5M shares on issueASX (delayed) · as of 28 July 2026$5.32price · delayed$772.2Mmarket cap · indicative
B
Dilution grade

Share count grew 11% in 24 months; 1 cash raise in 24 months

Cash runwayno data — not a quarterly (4C/5B) cash filer
Share-count growth (24m)11.2%
Raise cadence (24m)1 cash raise
Options & rights overhang1.1% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

VULCAN STEEL LIMITED's ordinary share count rose 11.2% between September 2024 and September 2025 to 147M shares. The company raised capital once in the 24-month window, totalling A$87.1M, most recently in August 2025 for A$87.1M. Options and rights on issue could convert into 2M new shares, equal to 1.1% of the current share count, and 0% are currently in the money. The company does not have a current quarterly cash report lodged, so no quarterly cash balance or funding-runway figure is on record. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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1.1%
Max option dilution
0.0%
ITM option dilution
1
Raises · last 12 months
—
Cash cover · not a quarterly filer

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 146.5M per ASX (delayed) (28 July 2026).
134.9M139.2M143.4MDec 24Sept 25July 26Cash raise · 25 Aug 2025

Cash runway

Not a quarterly cash filer. This company does not lodge Appendix 4C/5B quarterly cash reports, so cash runway does not apply.

Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityTotal on issue afterSource
4 Jan 20263H · cancellationORDINARY FULLY PAID146.5MAppendix 3H
10 Nov 20253G · unquotedORDINARY FULLY PAID146.5MAppendix 3G
25 Sept 20253H · cancellationVSL : ORDINARY FULLY PAID146.4MAppendix 3H
25 Sept 20252A · quoted issueVSL : ORDINARY FULLY PAID146.5MAppendix 2A
18 Sept 20252A · quoted issueVSL : ORDINARY FULLY PAID146.4MAppendix 2A
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

1 cash raise in the last 24 months · 1 in the last 12 months

$87.1M
Capital raise
25 Aug 2025
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

1.1%
Total overhang · of current shares
0.0%
In the money · at current price
1.6M
Potential new shares
—
Nearest expiry
Paid plan
Per-line options & expiry cliffs
Each option line — code, strike, expiry, quantity and ITM value — plus the expiry-cliff chart.
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Director dealings

DateDirectorTypeSharesOptionsValueSource
23 Mar 2026Russell ChenuBuy12k—$68k3Y notice
18 Mar 2026Rhys JonesSell——$975k3Y notice
12 Mar 2026Gavin William StreetBuy8k—$51k3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

Free account
Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

26 Mar 2026Ceasing to be a substantial holder - NZ Super Fund
25 Mar 2026ASX Appendix 3Y - Russell Chenu
19 Mar 2026ASX Appendix 3Y Rhys Jones
12 Mar 2026ASX Appendix 3Y Gavin Street
9 Mar 2026Update - Dividend/Distribution - VSL
9 Mar 2026ASX Appendix 3Y Gavin Street
26 Feb 2026Update - Dividend/Distribution - VSL
23 Feb 2026Dividend/Distribution - VSL
23 Feb 2026$P1HFY26 Half Year results announcement
23 Feb 2026$P1HFY26 Investor presentation
23 Feb 2026$PHalf Yearly Report and Accounts
29 Jan 2026Vulcan completes the final payment for Roofing Industries
28 Jan 2026Date for 1H FY26 results announcement - amended link
27 Jan 2026Date for 1H FY26 results announcement
15 Jan 2026SPH Notice - New Zealand Superannuation Fund Nominees Ltd
4 Jan 2026Notification of cessation of securities - VSL
4 Jan 2026ASX Appendix 3Y Rhys Jones
4 Jan 2026ASX Appendix 3X Gavin Street
4 Jan 2026$PConfirmation of MD/CEO and Board changes
9 Dec 2025Response to ASX Appendix 3Y Query

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 July 2026.