Sims Limited (ASX:SGM)

ALERT: Price-sensitive ASX Announcement for SGM

Current share price for SGM : $24.050 -1.77 (-6.86%)⁺

Announcement

FY26 Media Release

Release

18 Aug 2026 8:12AM

Price at Release

$25.820

Full Release

Summary

Sims Limited announced its fiscal year 2026 results with a notable increase in sales revenue by 6.9% to $8,007.5 million and a significant rise in Underlying EBIT by 167.6% to $468.0 million. The company reported a statutory NPAT of $245.3 million and substantial growth in Sims Lifecycle Services' Underlying EBIT, rising from $32.6 million in FY25 to $172.7 million in FY26, reflecting robust performance and strategic expansion. Sims Limited also declared a final dividend of 20.0 cents per share, marking a 47.8% increase in total dividends from the previous year. The company continued to make progress in sustainability, achieving a 50% reduction in Scope 1 and 2 emissions from FY20 and advancing gender equity. Capital expenditures amounted to $203.4 million, with the net debt position at $358.3 million as of June 30, 2026.

Key Points

Sales revenue increased by 6.9% to $8,007.5 million.
Underlying EBIT increased by 167.6% to $468.0 million.
Statutory NPAT was $245.3 million.
SLS's Underlying EBIT rose significantly from $32.6 million in FY25 to $172.7 million in FY26.
The company declared a final dividend of 20.0 cents per share, with a total dividend increase of 47.8% from the prior year.
Sims Limited achieved strong sustainability progress, reducing Scope 1 and 2 emissions by 50% from FY20.
Sims Lifecycle Services (SLS) expanded its operations into Ireland and opened a new facility in India.
The company made significant strides in gender equity, reducing the pay equity gap to 1.7%.
Capital expenditure totaled $203.4 million in FY26.
Net debt position at the end of FY26 was $358.3 million.

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.