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Sims (SGM) investor relations material
Sims Trading update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Upgraded earnings guidance
FY26 underlying EBIT is now expected between $420 million and $435 million, up from the previous $350 million to $400 million range.
The improved outlook is driven by continued strength in non-ferrous markets and better trading conditions for ferrous metals.
Regional and business segment performance
North American Metal businesses anticipate a significant increase in second-half earnings, supported by strong operations in both North America Metals and SA Recycling.
Ferrous prices in Asia have improved, but ANZ ferrous market conditions remain subdued due to high Chinese steel exports.
Sims Lifecycle Services outlook
Sims Lifecycle Services expects FY26 underlying EBIT between $170 million and $175 million, benefiting from global data centre growth trends.
Timing of customer decommissioning programs will affect the distribution of volumes and earnings across reporting periods.
- Underlying profit surged on SLS and non-ferrous growth, despite statutory losses.SGM
H1 202625 Jun 2026 - Revenue up 6.2%, but EBIT plunged 83% as costs and market headwinds persisted.SGM
H2 202428 May 2026 - Underlying EBIT up 184% with strong cash flow, SLS growth, and reduced net debt.SGM
H1 202528 May 2026 - Underlying EBIT up 198% and EBITDA up 48%, with strong non-ferrous and SLS growth.SGM
H2 202528 May 2026 - Decarbonisation, strong non-ferrous markets, and disciplined growth drive robust FY26 outlook.SGM
Investor presentation5 May 2026 - Capital-light growth and margin gains fueled by hyperscaler focus and operational reset.SGM
Investor Day 202625 Mar 2026 - Operational transformation and acquisitions drive margin growth and sustainable earnings.SGM
Investor Day 202624 Mar 2026 - All resolutions passed as strong financial results, AI adoption, and sustainability progress were highlighted.SGM
AGM 20253 Feb 2026 - Strong SLS growth, strategic refocus, and all resolutions passed with high shareholder support.SGM
AGM 202414 Jan 2026
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