Sims reports 27.00 percent lower costs. Sims stock stands 10.45 percent below target

Published on 10/07/2026 at 03:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Operating profit reached AUD 468.00 million in fiscal 2026, up 167.60 percent. Sims stock had 13 analyst views and an AUD 27.09 target.

Sims, AU000000SGM7, Illustration mit AI erstellt.

Sims Limited (ISIN AU000000SGM7) reported at its Investor Day on September 28, 2026 that costs per tonne had fallen 27.00 percent from fiscal 2024 to fiscal 2026, while Sims stock stood 10.45 percent below the average analyst target. Quartr supplied the Investor Day figures, while Investing.com listed an AUD 24.26 share price and an AUD 27.09 average target on September 21, 2026.

Cost reduction reaches 27.00 percent

The 27.00 percent reduction in costs per tonne gives the recycling group a measurable efficiency marker as it shifts from turnaround efforts toward scalable growth. Quartr also reported that Sims added 24 North American Metal sites and 72 SA Recycling sites during the five years to fiscal 2026, expanding the operating network behind the improvement.

Operating profit rises to AUD 468.00 million

According to Kapitales Research on September 16, 2026, group sales revenue increased 6.90 percent to AUD 8.01 billion in fiscal 2026, while underlying EBIT rose 167.60 percent to AUD 468.00 million. Statutory net profit after tax reached AUD 245.30 million, compared with AUD 2.40 million in fiscal 2025.

Sims Lifecycle Services supplied a second growth engine. Its fiscal 2026 revenue increased 77.40 percent to AUD 757.00 million, while underlying EBIT rose 429.80 percent to AUD 172.70 million and the operating margin reached 22.80 percent, up from 7.60 percent.

Analyst target stands at AUD 27.09

The consensus page from Investing.com showed 13 analyst views, including six Buy, four Hold and three Sell ratings. Its average 12-month target of AUD 27.09 was 10.45 percent above the cited AUD 24.26 share price, making the target gap a clearer valuation reference than the headline daily move.

Prior close remains EUR 15.10

The prior close at Lang & Schwarz was EUR 15.10 on October 5, 2026. Sims is listed on the ASX under ticker SGM, while its business spans metal recycling and electronics asset recovery. The further course of trading is shown by the continuously updated real-time quote of Sims stock.