SGM.ASX: Trading Update

Trading Update

Stock	Sims Ltd (SGM.ASX)
Release Time	17 Jun 2026, 8:17 a.m.
Price Sensitive	Yes

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Sims Ltd. Updates FY26 Financial Outlook

Key Points

Sims Ltd. raises FY26 Underlying EBIT forecast to $420-$435 million
North American Metal businesses to drive significant second-half earnings
Sims Lifecycle Services expects EBIT of $170-$175 million for FY26

Full Summary

Sims Limited has updated its trading outlook for FY26, projecting an Underlying EBIT range of $420 million to $435 million, up from the previous range of $350 million to $400 million. This improvement is attributed to continued strength in non-ferrous markets and better ferrous trading conditions. The North American Metal businesses are expected to contribute significantly to second-half earnings. Sims Lifecycle Services is anticipated to achieve an Underlying EBIT of $170 million to $175 million for FY26, benefiting from global data center growth trends.

Guidance

FY26 Underlying EBIT expected to be $420-$435 million

Outlook

Sims Ltd. expects continued strength in non-ferrous markets and improved ferrous trading conditions to drive earnings growth in the second half of FY26.