Sims (SMUPF)
OTHER OTC:SMUPF
Earnings Data
Report Date
Aug 25, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.58Last Year’s EPS
0.17Same Quarter Last Year
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a largely positive operational and financial update driven by very strong nonferrous markets and an outstanding SLS performance (dramatic DDR4 price appreciation, repurposing growth and margin improvement). Management highlighted meaningful operational improvements in North America, disciplined cost control, a value‑accretive Tri‑Coastal acquisition and a continued focus on property value extraction. Offsetting items included ongoing weakness in ANZ ferrous markets driven by Chinese export dynamics, a GBP 30m receivable provision in the U.K., and elevated working capital requirements driven by higher nonferrous prices and derivative margin deposits. On balance the highlights—especially SLS and nonferrous strength plus NAM progress—outweighed the lowlights, though elevated working capital and regional ferrous pressure remain watch points.Company Guidance
SLS Strong Performance Driven by DDR4
SLS delivered an exceptionally strong half driven by DDR4 demand: DDR4 prices rose over 450% year-on-year, repurposed units increased ~18%, SLS EBIT margin improved by ~7.7 percentage points, and repurposing/revenue mix drove a large uplift in resale revenue (management highlighted revenue up nearly 70% in the segment).
Nonferrous Market Strength
Nonferrous markets provided meaningful stability: LME copper increased ~13.5% YoY and aluminium rose ~9.8% YoY; combined nonferrous realized price rose from ~A$4,100 to near A$5,000 (blended), and nonferrous accounted for over 40% of group revenue (up from ~35% prior period).
North America (NAM) Operational Improvements
NAM progressed its turnaround: trading margin percentage up ~5 percentage points over two years, unprocessed ferrous intake up ~12 percentage points (increasing shredder utilization by similar amount), and a structural shift to domestic sales (approx. 85% of East Coast shred sold domestically vs ~10% a few years ago) capturing domestic shred premiums (~A$50/tonne).
Tri‑Coastal Acquisition and Houston Property Strategy
Announced Tri‑Coastal (TCT) acquisition to secure deep‑water access and capacity expansion (+~350,000 tonnes presence), expected combined annual EBITDA of ~US$25m and ROIC >20%; acquisition paid at <4x EBITDA post-synergies and frees up sale of Houston land (estimated >US$100m proceeds including Mayo Shell).
Disciplined Cost Control and Central Savings
Group costs were well controlled: total costs largely flat with only ~4% increase on rebased comparative half despite volume and inflation pressures; central savings include ceasing Sims Resource Renewal plasma program that reduces central costs by ~A$10–12m p.a., and SAP project costs fell by A$2.5m.
Capital Deployment and Dividend
Board declared an interim dividend of A$0.14 per share (fully franked) payable in March; sustaining capital guidance maintained at A$120–140m for the full year with targeted spend on North American recovery and ANZ Pinkenba redevelopment (including new copper recovery plant).
Safety and Climate Governance
Safety remained strong with Total Recordable Injury Frequency Rate (TRIFR) maintained at best‑in‑class historical lows; continued progress on governance, systems and integrating climate data into financial/operational systems to support climate commitments.
Portfolio and Property Value Focus
Management reiterated disciplined capital recycling and property strategy, committing a dedicated resource to unlock embedded property value across sites expected to deliver material upside over medium term.
SMUPF 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
SMUPF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 16, 2026 | $13.66 | $14.90 | +9.09% |
Aug 18, 2025 | $9.76 | $9.33 | -4.39% |
Feb 24, 2025 | $8.67 | $8.68 | +0.16% |
Aug 19, 2024 | $7.12 | $7.25 | +1.77% |
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 (SMUPF) report earnings?
Sims (SMUPF) is schdueled to report earning on Aug 25, 2026, After Close (Confirmed).
What is Sims (SMUPF) earnings time?
Sims (SMUPF) 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 SMUPF EPS forecast?
SMUPF EPS forecast for the fiscal quarter 2026 (Q4) is 0.58.