Scott Technology (SCT) H1 2026 earnings summary

Executive summary

• Revenue for the half year rose 5.3% year-over-year to $128.2 million, led by strong performance in Materials Handling and Mining, while Protein and Appliances faced softness.

• EBITDA grew 7% to $13.0 million, with EBIT also up 7%, and net profit after tax increased 4.2% to $4.5 million.

• Service revenue increased to 33% of total, reflecting a strategic focus on recurring, higher-quality revenue streams.

• Forward work order book grew 8% to $177 million, supported by major contract wins across all domains.

• Interim dividend of 4 cents per share declared, up from 3 cents in the prior year, with a dividend reinvestment plan in place.

Financial highlights

• EBITDA up 7% to $13.0 million; EBITDA margin improved slightly, with net margin steady at 29%.

• Net profit after tax rose 4.2% to $4.5 million; underlying earnings per share were 5.2 cents.

• Net tangible assets per share increased to 74.2 cents from 62.8 cents year-over-year.

• Operating cash flow remained positive but was lower due to project timing and pre-build inventory investments.

• Net debt and debt to equity ratio remained stable, supporting continued R&D and strategic investments.

Outlook and guidance

• Stronger second half anticipated, with performance expected to be weighted towards H2, supported by recent contract wins and robust forward work.

• Confidence in achieving $530 million revenue target by 2030, though growth is expected to be non-linear.

• Interim dividend of 4 cents per share reflects confidence in ongoing performance.