Scott Technology (SCT) H1 2026 earnings summary

Executive summary

• EBITDA rose 7% to $13.0m for HY26, with strong performance in Materials Handling (+21%) and Mining (+9%) offsetting declines in Protein (-8%) and Appliances (-28%).

• Revenue increased 5.3% year-over-year to $128.2 million, led by Materials Handling and Mining segments.

• Service revenue grew 14% and now represents 33% of total revenue, reflecting a strategic shift to recurring, higher-quality revenue.

• Strategic progress on Destination 2030, with foundational initiatives completed and major contract wins across all domains.

• Interim dividend of 4.0 cents per share declared, up from 3.0 cents in HY25, with a dividend reinvestment plan in place.

Financial highlights

• EBITDA up 7% to $13.0m; EBITDA margin approximately 10.2% for HY26.

• Net profit after tax increased 4.2% to $4.5m, broadly in line with the prior period.

• Net margin held steady at 29%, supported by a higher-quality revenue mix.

• Operating cash flow remained positive at $6.1m, though lower than prior period due to project timing and working capital movements.

• Net debt stable at $13.1m, enabling continued R&D and strategic investments.

Outlook and guidance

• Performance expected to be weighted to the second half, driven by project timing, recent contract wins, and robust forward work of $177m.

• Progress toward the $530m FY30 revenue target remains on track, though growth is expected to be non-linear.

• Continued focus on operational leverage, delivery of strategic initiatives, and mitigation of geopolitical risks.