Sims Limited (ASX:SGM)

ALERT: Price-sensitive ASX Announcement for SGM

Current share price for SGM : $26.210 10.91 (71.31%)⁺

Announcement

Preliminary Final Report

Release

19 Aug 2025 8:00AM

Price at Release

$15.300

Full Release

Summary

The Preliminary Final Report for Sims Limited outlines the financial performance and position for the fiscal year ending 30 June 2025. The company reported a sales revenue of A$7,494.0 million with an underlying EBITDA of A$430.0 million, reflecting a significant improvement compared to the previous year. Net assets increased slightly to A$2,586.8 million, while net debt decreased by 19.3% to A$332.3 million. The report highlights a focus on strategic investments and operational improvements, with significant additions to property, plant, and equipment. The company faced challenges with asset impairments totaling A$68.1 million and significant items impacting statutory earnings. The document also provides detailed segment information, showing varying performances across geographic areas. Employees numbered 3,916, unchanged from the previous year. Dividends per share increased significantly, reflecting stronger financial health. The report also mentions joint ventures, with SA Recycling, LLC contributing to the overall results.

Key Points

Sales revenue of A$7,494.0 million reported.
Underlying EBITDA increased to A$430.0 million.
Net assets amounted to A$2,586.8 million.
Net debt reduced by 19.3% to A$332.3 million.
Property, plant, and equipment additions totaled A$199.3 million.
Asset impairments amounted to A$68.1 million.
3,916 employees as of the report date.
Full year dividends per share increased to 23.0 cents.
Increased focus on strategic investments and operational efficiencies.
Significant contributions from joint ventures, including SA Recycling, LLC.

IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.