Sims Group earnings: SLS now core to growth

MotleyFool03-26

The Sims Lifecycle Services (SLS) business is now a core driver of Sims Ltd (ASX: SGM) earnings growth, making up around 40% of group EBIT in the first half of FY26 and reflecting rapid growth as ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSims Group earnings: SLS now core to growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-26 06:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com.au/2026/03/26/sims-group-earnings-sls-now-core-to-growth/><strong>MotleyFool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Sims Lifecycle Services (SLS) business is now a core driver of Sims Ltd (ASX: SGM) earnings growth, making up around 40% of group EBIT in the first half of FY26 and reflecting rapid growth as ...</p>\n\n<a href=\"https://www.fool.com.au/2026/03/26/sims-group-earnings-sls-now-core-to-growth/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SLS","symbol_name":"SELLAS Life Sciences Group Inc.","start_time":0,"source_url":"https://www.fool.com.au/2026/03/26/sims-group-earnings-sls-now-core-to-growth/","article_id":"2622000074","we_media_id":null,"thumbnails":[],"rights":{"source":"motleyfoolau_stock","url":"https://www.fool.com.au/2026/03/26/sims-group-earnings-sls-now-core-to-growth/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2622000074","pubTimestamp":1774477150,"columns":[],"sourceInfo":{"source_id":"motleyfoolau_stock","name":"MotleyFool"},"weMediaInfo":null,"summary":"The Sims Lifecycle Services  business is now a core driver of Sims Ltd  earnings growth, making up around 40% of group EBIT in the first half of FY26 and reflecting rapid growth as hyperscaler partners increase demand.SLS contributed approximately 40% of Sims Group's underlying EBIT in H1 FY26 . Group underlying EBIT rose to A$121.1 million in H1 FY26, up from A$73.0 million in H1 FY25. FY26 SLS underlying EBIT is forecast in the range of A$165–185 million. The newly introduced \"Memory GB Sold\" metric now gives a clearer picture of SLS's growth drivers, connecting volumes directly to revenue and reflecting the business's evolving role as a global leader in circular cloud solutions. SLS has also announced an expansion in Ireland, expected to be operational from July 2026, supporting future European growth.SLS is already a material earnings driver for Sims and is uniquely positioned at the intersection of structural growth trends in technology. Our capital-light business model and strong","collect":0,"end_time":0,"defaultTopTitle":"fool.com.au","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SLS":"SELLAS Life Sciences Group Inc."},"translate_title":"Sims Group盈利：SLS现在是增长的核心","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SLS":1.5},"content_text":"The Sims Lifecycle Services (SLS) business is now a core driver of Sims Ltd (ASX: SGM) earnings growth, making up around 40% of group EBIT in the first half of FY26 and reflecting rapid growth as hyperscaler partners increase demand.\nImage source: Getty Images\nWhat did Sims Group report?\n\nSLS contributed approximately 40% of Sims Group's underlying EBIT in H1 FY26 (A$49 million out of A$121.1 million)\nGroup underlying EBIT rose to A$121.1 million in H1 FY26, up from A$73.0 million in H1 FY25\nFY26 SLS underlying EBIT is forecast in the range of A$165–185 million\nFY26 Memory GB Sold forecast is 65–70 million, using new volume metric\nResale gross margin from Memory GB Sold sits at approximately 30%–35%\nSLS has a capital-light, diversified revenue model with strong secondary market access\n\nWhat else do investors need to know?\nSLS is embedded in key hyperscaler decommissioning cycles, working with major cloud infrastructure players and capturing structural demand growth as hyperscalers invest in new data centres. The business continues to serve both hyperscaler and enterprise clients, combining secure execution, quality service and the ability to ramp up capacity quickly.\nThe newly introduced \"Memory GB Sold\" metric now gives a clearer picture of SLS's growth drivers, connecting volumes directly to revenue and reflecting the business's evolving role as a global leader in circular cloud solutions. SLS has also announced an expansion in Ireland, expected to be operational from July 2026, supporting future European growth.\nWhat did Sims Group management say?\nSims Group CEO & Managing Director Stephen Mikkelsen said:\nSLS is already a material earnings driver for Sims and is uniquely positioned at the intersection of structural growth trends in technology. Our capital-light business model and strong partner relationships set us up well for the next phase.\nWhat's next for Sims Group?\nSLS will continue to focus on expanding volumes with existing hyperscaler partners while onboarding new clients and growing its footprint in key regions like Ireland. The business is scaling up capacity and automation, supporting both DDR4 and next-generation DDR5 memory markets.\nManagement expects structural tailwinds in cloud and memory markets to drive strong demand over the coming years. SLS targets 15 million Memory GB Sold in Ireland by FY29 and aims to expand adjacent services, such as cloud migration, for enterprise clients.\nSims Group share price snapshot\nOver the past 12 months, Sims Group shares have risen 39%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 7% over the same period.\nView Original Announcement","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.38.0","shortVersion":"4.38.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2622000074","isCrawlerRequest":true}