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Sims Limited (ASX:SGM)
ALERT: Price-sensitive ASX Announcement for SGM
Current share price for SGM : $29.990 15.01 (100.20%)+
Announcement
Release
21 Nov 2025 8:27AM
Price at Release
$14.980
Full Release
Summary
Sims Limited reported a successful fiscal year 2025 during their Annual General Meeting. The company emphasized its commitment to sustainability by achieving a 49% reduction in Scope 1 and 2 emissions and reaching 100% renewable electricity. They announced a total dividend of 23 cents per share, reflecting strong capital management and shareholder returns. The Board highlighted strategic moves such as the divestment of UK Metal and growth in Sims Lifecycle Services, contributing to a significant EBIT increase. The company continues to focus on expanding its recycled materials business to support carbon reduction and circular economy initiatives, with a strategic presence in growing markets like North America and the data center industry. New board members were introduced to strengthen industry knowledge and leadership.
Key Points
- Achievement of 49% reduction in emissions and 100% renewable electricity.
- Declaration of a 23 cents per share dividend.
- Strong growth in Sims Lifecycle Services and SA Recycling.
- Focus on sustainability and decarbonization strategies.
- Introduction of new board members for enhanced leadership.
- Continued strategic expansion in North America and other regions.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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