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Sims (SMSMY)
OTHER OTC:SMSMY
Earnings Data
Report Date
Aug 25, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.39Last Year’s EPS
0.16Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call conveyed a positive operational and strategic progress story: SLS delivered an exceptional half driven by DDR4 repurposing and strong nonferrous markets materially supporting group revenue and margins; NAM and SA Recycling showed disciplined margin improvement and asset-led growth (including the accretive Tri-Coastal acquisition). Management also demonstrated cost discipline, capital recycling focus and returned capital via an interim dividend. Key risks include ANZ ferrous weakness driven by Chinese exports, working capital pressure from rising nonferrous prices and some statutory volatility from hedging and provisioning, but these were presented as manageable within the group’s strategic actions.Company Guidance
Strong SLS performance driven by DDR4 demand
SLS delivered an exceptionally strong first half driven by DDR4 price and demand dynamics: DDR4 memory prices rose over 450% year-on-year, repurposed units were up ~18%, SLS EBIT margin increased by 7.7 percentage points, and management expects continued strength with a new 120,000 sq ft Ireland facility (opening April) targeting ~1 million repurposed units p.a. over the next 2 years.
Nonferrous markets provided major revenue support
Nonferrous prices contributed materially to results: LME copper up ~13.5% YoY and aluminium +9.8% YoY. Nonferrous trading accounted for over 40% of group revenue (up from ~35% in the prior period), and blended nonferrous realized prices rose from ~A$4,100 to ~A$5,000.
Operational progress in North America (NAM)
NAM improved margin mix by prioritising unprocessed intake: unprocessed ferrous increased ~12 percentage points over two years, trading margin percentage up ~5 percentage points over two years, shredder utilisation up ~12 percentage points, and domestic shred sales on the East Coast grew to ~85% (from ~10% a few years ago), capturing a domestic shred premium (~A$50/t).
Tri-Coastal acquisition and Houston property strategy
Announced Tri-Coastal (TCT) acquisition expanding Houston presence by >350,000 tonnes, reducing operating costs through a service agreement, freeing sale of Houston land (estimated proceeds in excess of USD 100m), bought at under ~4x EBITDA post-synergies, with combined annual EBITDA expected ~USD 25m and an expected ROIC >20%.
Disciplined cost control and corporate actions
Group operating costs were kept relatively flat (rebased increase ~4% vs prior half) despite higher inflows and SLS volume growth. Central cost reductions include $10–12m pa saved by ceasing plasma-assisted gasification development; moved to global shared services; corporate office relocation executed; and debt facilities extended by 12 months to support balance-sheet flexibility.
SA Recycling resilience and bolt-on growth
SA Recycling maintained a consistent trading margin (~30%) over several years, accelerated hub-and-spoke roll-up since 2021 (76 yards acquired vs 52 in prior 10 years), supporting stable unprocessed inflows and nonferrous earnings and positioning the business to capture upside when ferrous cycles recover.
Capital allocation and shareholder return
Board declared an interim dividend of A$0.14 per share (fully franked). Sustaining capital guidance maintained at A$120–140m for FY26, and management continues disciplined property recycling and targeted capital spend (majority focused on North American metal recovery and ANZ Pinkenba redevelopment).
Safety, governance and strategic hires
Total recordable injury frequency rate maintained at best-in-class historical lows; climate data integration and governance progressed; SLS senior management relocated to Irvine; added a Chief Digital Officer to deepen hyperscaler integration and a property strategy lead to unlock asset value.
SMSMY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SMSMY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 16, 2026 | $14.91 | $14.38 | -3.55% |
Aug 18, 2025 | $9.85 | $9.26 | -6.01% |
Feb 24, 2025 | $8.81 | $8.92 | +1.17% |
Aug 19, 2024 | $7.26 | $7.29 | +0.28% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Sims (SMSMY) report earnings?
Sims (SMSMY) is schdueled to report earning on Aug 25, 2026, After Close (Confirmed).
What is Sims (SMSMY) earnings time?
Sims (SMSMY) earnings time is at Aug 25, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SMSMY EPS forecast?
SMSMY EPS forecast for the fiscal quarter 2026 (Q4) is 0.39.