FY25 Results Announcement and Appendix 4E

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Stock Scidev Ltd (SDV.ASX)
Release Time 27 Aug 2025, 8:47 a.m.
Price Sensitive Yes
 FY25 Results Announcement and Appendix 4E
Key Points
  • Revenue of $103.4 million, down 5% on prior year
  • Underlying EBITDA of $7.1 million, down 19% on prior year
  • Positive operating cash flow of $2.9 million
  • Strong balance sheet with closing cash of $9.7 million
Full Summary

SciDev Ltd has announced its financial and operational results for the 12 months ended 30 June 2025 (FY25). The company delivered solid strategic progress, growing its client footprint and expanding the reach of its flagship technologies. Revenue of $103.4 million was slightly down on the prior year, reflecting a continued move away from commodity chemistry sales and delays in the commencement of new contracts in the domestic Water business. Gross Profit improved slightly YOY to 28%. Underlying EBITDA of $7.1 million was marginally lower than FY24 and reflected increased investment in initiatives for growth. The business maintained positive operating cash flow and closed the year with $9.7 million in cash. In US Oil & Gas, focused business development in the Permian Basin gained real traction, with CatChek™ proving its unique value proposition and delivering year-on-year sales growth of more than 46%. PFAS remediation also advanced materially in FY25, as global markets began to shift from investigation to action. SciDev's best-in-class solutions gained significant traction in the US and Europe, highlighted by the execution of its first commercial contracts for PFAS treatment in both regions. The company continued to evaluate strategically aligned growth opportunities, including a potential acquisition that was ultimately abandoned when it no longer aligned with the best interests of shareholders.

Guidance

FY26 expected revenue range of $120-140m.

Outlook

Short-term market fluctuations in the US Oil & Gas sector, driven by weaker oil prices, is expected to continue impacting market activity for the Energy Services business in the near term. However, the company remains positive and anticipates further contract wins across the business and growth across key segments, including domestic mining and international PFAS remediation.