Scott Technology (SCT) H2 2025 earnings summary

Executive summary

• Achieved record EBITDA of $31.5m for FY25, driven by a strong second half, margin-accretive projects, and a modular approach, with early signs of strategy success.

• Launched the Destination 2030 strategy, emphasizing sustainable, profitable growth and a customer-first culture.

• Forward work position increased to $169m, up 6% from FY24, reflecting a robust pipeline and significant new contract wins.

• Directors recommended a final dividend of 5.0 cents per share, bringing the full-year dividend to 8.0 cents.

Financial highlights

• FY25 revenue was $275m, stable year-over-year, with 13% second half growth and service revenue contributing 29% of the total.

• Reported EBITDA rose 19% to $31.5m compared to FY24, with underlying EPS at 17.4 cents.

• Net profit after tax increased 84% year-over-year to $14.2m, aided by reduced one-off costs and lower interest expenses.

• Operating cash flow improved to $22.3m, and net debt reduced to $12.3m.

• Group net margin expanded to 29%, up from 27% in FY24.

Outlook and guidance

• Entering FY26 with improved order momentum, a solid pipeline, and expectations for revenue growth and continued earnings leverage.

• Cautious approach maintained due to macroeconomic volatility and potential impacts on customer investment plans.

• Targeting sustainable, profitable growth with a goal of $530m revenue and 14% EBITDA margin by FY30.