SciDevL (SDV) Q4 2024 TU earnings summary

Executive summary

• Achieved record quarterly revenue of $29.9m in Q4 FY24, up 56% year-over-year, and record annual revenue of $109.3m, up 22% from FY23.

• Underlying EBITDA for FY24 reached $8.9m, a 118% increase over FY23, with positive operating cash flow of $6.5m for the year.

• Growth driven by expanding client base, strong demand for proprietary PFAS-remediation technology, and enhanced operational efficiency.

Financial highlights

• Q4 FY24 group revenue: $29.9m (+56% vs Q4 FY23); cash receipts: $32.6m.

• Q4 FY24 operating cash flow: $2.2m; cash and cash equivalents at 30 June 2024: $9.4m.

• FY24 unaudited underlying EBITDA: $8.9m (+118% vs FY23); annual revenue: $109.3m (+22% vs FY23).

• Inventory at quarter end: $7.4m.

Outlook and guidance

• Positioned for continued growth in FY25, focusing on health and safety, capitalizing on new PFAS regulations, and expanding in mining and oil & gas markets.

• Plans to leverage proprietary technologies and joint ventures for global expansion, especially in North America and Europe.

• Targeting further diversification and sustainable growth through business development and new contracts.