Sims Ltd Reports Strong Growth Driven by Lifecycle Services

Sims Ltd is undergoing a remarkable transformation, shifting from a traditional metal recycler into a leader in circular technology services.

The company's recent success is largely due to its Sims Lifecycle Services (SLS) division, which has become a vital earnings driver.

In the first half of fiscal year 2026, SLS contributed 40% of the Group’s underlying EBIT, a significant jump from previous periods.

This growth is fueled by the rapid expansion of hyperscale cloud providers and the global AI boom, which require constant data center hardware updates.

By focusing on the circular economy—repurposing, refurbishing, and reselling IT assets like memory modules—SLS avoids the volatility found in scrap metal markets.

The company is even introducing new metrics, such as "Memory GB Sold," to track its evolution.