Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Michael Sukkar was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Sep 15
Simonds Group Limited, Annual General Meeting, Nov 12, 2025 Simonds Group Limited, Annual General Meeting, Nov 12, 2025. Reported Earnings • Aug 19
Full year 2025 earnings released Full year 2025 results: Revenue: AU$665.6m (flat on FY 2024). Net income: AU$1.40m (down 54% from FY 2024). Profit margin: 0.2% (down from 0.5% in FY 2024). Board Change • Aug 18
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Richard Grellman was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jan 31
Simonds Group Limited (ASX:SIO) entered into a binding agreement to acquire Dennis Family Homes Pty Ltd from DFC (Services) Pty Ltd. Simonds Group Limited (ASX:SIO) entered into a binding agreement to acquire Dennis Family Homes Pty Ltd from DFC (Services) Pty Ltd on January 31, 2025. The deal is for an estimated consideration of AUD 10 million, which will be a combination of payments at completion and deferred compensation occurring on completion of jobs, and is subject to working capital adjustments. The acquisition is being funded via cash. The purchase price will be paid in stages, with the first payment occurring on the date of completion of the acquisition (and subsequent true up for working capital adjustments), and subsequent payments being made on future dates which will align with the construction of specified jobs. There will be no change to the board and senior management as a result of the acquisition.
Completion of the acquisition is subject to certain conditions usual for an acquisition of this type.
Completion of the acquisition is expected to occur by early March 2025. The acquisition is expected to deliver attractive financial returns for Simonds, with a projected AUD 200 million additional revenue in FY26 and is projected to be earnings accretive by Q1 FY26. Tillkännagivande • Sep 16
Simonds Group Limited, Annual General Meeting, Nov 13, 2024 Simonds Group Limited, Annual General Meeting, Nov 13, 2024. Board Change • Aug 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Richard Grellman was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 06
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Richard Grellman was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 03
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Richard Grellman was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 14
First half 2024 earnings released: EPS: AU$0.005 (vs AU$0.075 loss in 1H 2023) First half 2024 results: EPS: AU$0.005 (up from AU$0.075 loss in 1H 2023). Revenue: AU$337.0m (down 12% from 1H 2023). Net income: AU$1.72m (up AU$13.7m from 1H 2023). Profit margin: 0.5% (up from net loss in 1H 2023). The move to profitability was driven by lower expenses. Board Change • Feb 13
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Richard Grellman was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 12
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Richard Grellman was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Sep 04
Simonds Group Limited, Annual General Meeting, Oct 31, 2023 Simonds Group Limited, Annual General Meeting, Oct 31, 2023, at 11:00 E. Australia Standard Time. Reported Earnings • Aug 29
Full year 2023 earnings released: AU$0.092 loss per share (vs AU$0.083 loss in FY 2022) Full year 2023 results: AU$0.092 loss per share (further deteriorated from AU$0.083 loss in FY 2022). Revenue: AU$722.4m (up 5.1% from FY 2022). Net loss: AU$23.5m (loss widened 92% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. New Risk • Aug 25
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 61% per year over the past 5 years. Shareholders have been substantially diluted in the past year (144% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (AU$55.8m market cap, or US$35.7m). Tillkännagivande • May 09
Simonds Group Limited Announces Board Changes Simonds Group Limited announced the appointment of Richard Grellman as an independent, non-executive director. Mr. Grellman has been a professional non-executive director since 2000. Prior to that, he worked at KPMG for 32 years, including as a partner from 1982 to 2000. His practice focussed on the provision of strategic advice and services to the Financial Services sector. In 2007 Richard was appointed a member of the Order of Australia for service to the community, particularly through leadership roles with Mission Australia and fundraising with Variety, The Children's Charity, Lead Independent Director of the Salvation Army and to the finance and insurance sectors. Iain Kirkwood, currently a non-executive director and Chair of the Company's Audit & Risk Committee, has announced his retirement on 9 May 2023. Board Change • May 02
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director David Denny was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 24
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: AU$182.7m (up 9.6% from 2Q 2022). Net loss: AU$6.55m (loss widened 277% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Board Change • Feb 22
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director David Denny was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 02
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director David Denny was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jan 19
Simonds Group Limited Announces Executive Changes Simonds Group Limited announced the appointment of Mr. David McKeown to the role of Chief Financial Officer, effective from January 19, 2023. Mr. McKeown is a Chartered Accountant with extensive experience in senior finance roles in both Australian and multi-national organisations. Mr. McKeown was most recently CFO of Simonds Consolidated and previously spent over a decade with Mercer, including as CFO for the Pacific region. Mr. McKeown is skilled in developing strategies that drive shareholder value as well as working with management teams to deliver transformational change. Bertus Strydom, interim CFO, returns to his previous role as Executive General Manager of Finance where he will continue to provide invaluable support and drive disciplined commercial execution. Board Change • Dec 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director David Denny was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 22
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director David Denny was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director David Denny was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 31
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director David Denny was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 25
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director David Denny was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 07
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director David Denny was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 19
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director David Denny was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 02
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director David Denny was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 30
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director David Denny was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 30
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director David Denny was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 10
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Iain MacGregor Kirkwood was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Executive Departure • Oct 07
Chief Financial Officer Michael Myers has left the company During their tenure, the company went from making losses to turning a profit. On the 1st of October, Michael Myers left the company after 5.3 years in the role. As of June 2021, Michael still personally held only 20.00k shares (AU$12k worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 5.25 years. Board Change • Oct 06
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Iain MacGregor Kirkwood was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 25
Full year 2021 earnings released: EPS AU$0.043 (vs AU$0.049 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: AU$676.1m (up 1.7% from FY 2020). Net income: AU$6.12m (down 14% from FY 2020). Profit margin: 0.9% (down from 1.1% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Board Change • Aug 28
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Iain MacGregor Kirkwood was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 04
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Iain MacGregor Kirkwood was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Executive Departure • Aug 03
Independent Non-Executive Director Delphine Cassidy has left the company On the 27th of July, Delphine Cassidy's tenure as Independent Non-Executive Director ended after 3.9 years in the role. As of March 2021, Delphine still personally held only 30.00k shares (AU$6.8k worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 5.08 years. Executive Departure • Aug 03
Independent Non-Executive Director Neil Kearney has left the company On the 27th of July, Neil Kearney's tenure as Independent Non-Executive Director ended after 3.9 years in the role. As of March 2021, Neil still personally held only 90.00k shares (AU$20k worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 5.08 years. Recent Insider Transactions • Apr 16
Founder & Senior Company Advisor recently bought AU$658k worth of stock On the 12th of April, Vallence Simonds bought around 1m shares on-market at roughly AU$0.48 per share. This was the largest purchase by an insider in the last 3 months. Vallence has been a buyer over the last 12 months, purchasing a net total of AU$2.1m worth in shares.