Sims
SGM.ASXMaterials
Global metal recycling and innovative recycling solutions.
Market Data
$27.150
+0.0%$5.2B
-100000.0x
$-0.302
1.01%
+0.3%
Latest Earnings
Preliminary Final Report
19 August 2025
Sims Limited reported FY25 sales revenue of A$7,494.0 million (+4.1% YoY), driven by higher metal prices and strong Sims Lifecycle Services growth (+22.0%), though volumes declined 3.8% due to strategic shifts and weather disruptions. Underlying EBITDA surged 48.1% to A$430.0 million and underlying NPAT improved significantly to A$83.1 million (vs. -A$23.4 million loss in FY24), with SA Recycling JV contributing A$120.0 million, though statutory NPAT remained a small loss of A$19.0 million after significant items including SRR closure costs. The company increased full-year dividends to 23.0 cents per share (+130.0%) and divested its UK Metal operations, marking a strategic shift toward higher-margin businesses. Key points: Underlying EBITDA increased 48.1% to A$430.0 million, driven by improved metal margins, SAR JV uplift (A$120.0 million contribution), and Sims Lifecycle Services revenue growth of 22.0%; Underlying EBIT surged 198.0% to A$174.9 million on strong operational execution, margin improvements in North America Metal (trading margin up 20.2%), and cost reduction initiatives; Operating cash flow improved 46.7% to A$297.1 million and free cash flow swung positive to A$106.8 million from -A$41.7 million, demonstrating strong working capital management
Recent Announcements
Ceasing to be a substantial holder
Allan Gray Australia Pty Ltd (Allan Gray Australia) ceased to be a substantial holder.
Trading Update
Sims Limited provided a trading update projecting FY26 Underlying EBIT between $350-400 million, with its Lifecycle Services division expected to deliver $165-185 million, supported by strong secondary-market memory chip pricing and non-ferrous metals prices despite headwinds from Chinese steel exports and Middle East conflict impacts on shipping costs.
Becoming a substantial holder
State Street Corporation became a substantial holder (5.41%).
Ceasing to be a substantial holder
State Street Corporation ceased to be a substantial holder.
Becoming a substantial holder
Vanguard Group (The Vanguard Group, Inc. became a substantial holder (5.004%).
Ceasing to be a substantial holder
Pinnacle Investment Management Group Limited ceased to be a substantial holder (20%).
Preliminary Final Report
Sims Limited reported FY25 sales revenue of A$7,494.0 million (+4.1% YoY), driven by higher metal prices and strong Sims Lifecycle Services growth (+22.0%), though volumes declined 3.8% due to strategic shifts and weather disruptions. Underlying EBITDA surged 48.1% to A$430.0 million and underlying NPAT improved significantly to A$83.1 million (vs. -A$23.4 million loss in FY24), with SA Recycling JV contributing A$120.0 million, though statutory NPAT remained a small loss of A$19.0 million after significant items including SRR closure costs. The company increased full-year dividends to 23.0 cents per share (+130.0%) and divested its UK Metal operations, marking a strategic shift toward higher-margin businesses. Key points: Underlying EBITDA increased 48.1% to A$430.0 million, driven by improved metal margins, SAR JV uplift (A$120.0 million contribution), and Sims Lifecycle Services revenue growth of 22.0%; Underlying EBIT surged 198.0% to A$174.9 million on strong operational execution, margin improvements in North America Metal (trading margin up 20.2%), and cost reduction initiatives; Operating cash flow improved 46.7% to A$297.1 million and free cash flow swung positive to A$106.8 million from -A$41.7 million, demonstrating strong working capital management
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