Australia's SGM gains on upbeat HY earnings outlook

Sims

21/11/2025 03:10

** Shares of Sims SGM.AX rise as much as 3.2% to A$15.46

** Stock set for its strongest trading session since October 29, if current trends hold

** Metal recycler says underlying EBIT performance for H1 FY26 is expected to have a meaningful improvement over A$73 million in H1 FY25

** Stock set for second consecutive week of losses, with 3.3% drop so far this week

** SGM up 26.9% YTD, including day's moves

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((mailto: Aamir.SheikKhalid@thomsonreuters.com))