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Sims Limited (ASX:SGM)

ALERT: Price-sensitive ASX Announcement for SGM
Current share price for SGM : $24.680 -1.14 (-4.42%)+
Announcement
Release
18 Aug 2026 8:13AM
Price at Release
$25.820
Full Release
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Summary
Sims Limited's FY26 results presentation showcased significant financial improvements and strategic advancements. The company achieved a 6.9% increase in sales revenue, totaling A$8,007.5 million, driven by higher non-ferrous prices and increased sales volumes. Their underlying EBIT rose by 167.6% to A$468 million due to improvements in metal margins and growth in Sims Lifecycle Services (SLS). The SLS segment alone saw a 77.4% increase in sales revenue and a 429.8% rise in underlying EBIT, emphasizing its strong contribution to the company’s profitability. Additionally, Sims Limited continued to expand its service capabilities and customer relationships, notably with the establishment of a new processing center in Ireland. The company also maintained a strong operational focus, reflected in reduced central costs and strategic cost management. The ongoing commitment to sustainability was highlighted by goals for emissions reductions and maintaining renewable electricity in all operated businesses.
Key Points
  • Sales revenue increased by 6.9% to A$8,007.5 million.
  • Underlying EBIT rose by 167.6% to A$468 million.
  • Sims Lifecycle Services saw a 77.4% increase in sales revenue.
  • SLS underlying EBIT increased by 429.8%.
  • New processing center established in Ireland.
  • Strong focus on cost management and operational efficiency.
  • Commitment to emissions reduction and renewable energy.
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.