Product
June 22, 2026
Sims Ltd ups earnings guidance for fiscal 2026
Written by Stephen Miller
Sims Limited, formerly Sims Metal Management, raised its fiscal-year 2026 earnings guidance from its March 2026 estimate in an update on June 16.
This most recent report shows underlying EBIT estimated at Australian $420-435 million for FY2026. Their previous guidance was A$350-400 million. In FY2025, the underlying EBIT was A$175 million. Sims’ fiscal year runs from July 1 to June 30.
The improvement has been driven by the stronger-than-expected market for recycled scrap metals. Also contributing was Sims Lifecycle Services, the company’s electronic scrap recycling and IT asset recovery business. This is being driven by AI infrastructure and data-center investment. Expected EBIT for this business segment is A$170-175 million for FY2026.
Although there has been improvement in the company’s US-based ferrous scrap sector, most of the increase in estimated earnings from this sector is associated with nonferrous metal recycling, mainly copper and aluminum.
Sims operates over 100 wholly owned scrap recycling facilities in the US. In addition, Sims holds at 50% stake in SA Recycling, which operates an additional 150 recycling facilities in the US. Sims Global Trade Corp. is the largest ferrous scrap exporter in the US and handles 9.8 million metric tons of ferrous scrap exports worldwide.
