Sims Limited
SGM.AX
Australian Securities Exchange24.97
AUD
+0.01
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Sims Limited
SGM.AX
(Australian Securities Exchange)
Recent
price
24.97
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Sims Limited (ASX: SGM) is a global leader in metal recycling and the provision of circular solutions for technology, engaging primarily in the buying, processing, and selling of ferrous and non-ferrous recycled metals, including iron and steel scrap, aluminum, copper, lead, zinc, nickel-bearing materials, and other metal alloys and residues; IT asset disposition services through Sims Lifecycle Services, encompassing data security, equipment decommissioning, refurbishment, resale of repurposed units, parts recovery, e-waste recycling, and secondary smelting; and global trading operations via Sims Group Global Trade Corp. The company operates through key segments including North America Metal, Australia/New Zealand Metal, a 50% investment in SA Recycling joint venture, Sims Lifecycle Services, and Global Trading Operations, serving steel mills, foundries, refineries, and hyperscalers with a focus on decarbonization, sustainability, and the circular economy across more than 150 facilities in 13 countries, principally the United States, Australia, New Zealand, China, India, Thailand, and Turkey. Founded in 1917 and headquartered in Mascot, New South Wales, Australia, Sims Limited employs approximately 4,100 people globally and lists its ordinary shares on the ASX with American Depositary Shares quoted on the US OTC market (SMSMY). In recent developments, SA Recycling, Sims Limited's 50% joint venture partner, completed eight core acquisitions in fiscal 2025 to strengthen its market position and accelerate growth through strategic expansion, contributing to a 9.7% increase in its sales revenue to $5,232.4 million; the company sold its UK Metal business (UKM) to Unimetals Group for approximately $249 million in 2024, streamlining its portfolio to focus on high-potential markets like North America, Australia, and New Zealand; and Sims Lifecycle Services expanded capacity in the US Midwest and West Coast while deploying automation projects to support hyperscaler data center growth driven by AI demand, alongside ceasing development of plasma-assisted gasification technology due to market factors. Additional operational enhancements in fiscal 2025 included investments in shredder downstream systems and separation technologies in North America Metal for improved metal-in-waste recovery, infrastructure upgrades and new fines plants in Australia/New Zealand to boost non-ferrous exposure, and the initial transformation of the Pinkenba facility into a logistics hub; shareholders also approved an amended constitution at the 2025 Annual General Meeting to enhance governance. These initiatives supported underlying EBIT growth of 198% to $174.9 million for fiscal 2025 ended June 30, reflecting disciplined execution amid ferrous market challenges and robust non-ferrous demand.