Sims stock reflects FY26 profit surge as SLS expands

Published on 10/07/2026 at 01:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sims stock was AUD 24.28 on October 6, 2026, while FY26 underlying EBIT rose 167.6 percent. SLS revenue climbed 77.4 percent to AUD 757.0 million.

Sims, AU000000SGM7, Illustration mit AI erstellt.

Sims stock was AUD 24.28 on the ASX on October 6, 2026 at 4:11 p.m. AEST, up 0.37 percent for the session. The latest full-year report shows why the company has attracted renewed attention: Sims Limited delivered a sharp FY26 earnings recovery led by metals and technology recycling.

FY26 earnings accelerate sharply

According to Sims Limited in its report dated August 18, 2026, FY26 sales revenue rose 6.9 percent to AUD 8,007.5 million from AUD 7,494.0 million in FY25. Underlying EBIT increased 167.6 percent to AUD 468.0 million, compared with AUD 174.9 million a year earlier.

The improvement reached the bottom line. Underlying NPAT rose 247.9 percent to AUD 289.1 million, while diluted underlying EPS increased 247.5 percent to 147.7 cents. Statutory NPAT was AUD 245.3 million, compared with AUD 2.4 million in FY25, according to Sims Limited.

SLS becomes a larger earnings driver

Sims Lifecycle Services provided the clearest growth comparison. Its FY26 revenue increased 77.4 percent to AUD 757.0 million, while underlying EBIT jumped 429.8 percent to AUD 172.7 million from AUD 32.6 million in FY25.

The company linked the segment's performance to stronger DDR4 secondary-market pricing, hyperscaler activity and higher volumes of repurposed equipment. Processed repurposed units rose 90.9 percent to 16.8 million in FY26, giving investors a more specific operating measure than group revenue alone.

Analysts see further upside

As Markets Insider reported on October 2, 2026, RBC Capital analyst Owen Birrell maintained a Buy rating and set a price target of AUD 27.75. The same report listed a Hold consensus with an average target of AUD 27.58.

A broader consensus page from Stock Analysis showed a Hold rating from 13 analysts and an average target of AUD 27.09. Against the ASX price of AUD 24.28 on October 6, 2026, that target is 11.57 percent higher, making the consensus comparison more measured than the strongest individual views.

Stock holds at AUD 24.28

Sims stock was last at AUD 24.28 on the ASX on October 6, 2026 at 4:11 p.m. AEST, with a market capitalization of AUD 4.7 billion. The company also declared a final dividend of 20.0 cents per share, with payment scheduled for October 15, 2026.