Key points
- FY26 revenue decreased 17% to $85,530,000
- Loss from ordinary activities after tax increased by 557% to $5,767,000
- Strategic pivot towards Mining, Data Centres, and Energy
- Exited loss-making International Water Technologies operations
- Positive second-half recovery with improved Underlying EBITDA
Full summary
Scidev Ltd's FY26 Preliminary Final Report highlights a 17% decline in revenue to $85,530,000 and a substantial 557% increase in loss after tax to $5,767,000. The company's financial performance was impacted by the loss of a major Energy Services contract and continued losses in the International Water Technologies business. However, the second half of the year saw a strong recovery driven by four key initiatives: the exit of loss-making operations, broad cost reductions, lower capital expenditure, and tighter working capital management. Underlying EBITDA rose to $3,602,000 in the second half, up from $1,086,000 in the first half. Scidev Ltd also marked a strategic evolution, focusing on an integrated water solutions platform targeting Mining, Data Centres, and Energy markets. The company enters FY2027 with a stronger balance sheet, a leaner cost base, and a growing pipeline across these markets.
Guidance
FY27 revenue expected to increase by up to 10%
Outlook
Scidev Ltd anticipates a positive outlook for FY27, with a strategic focus on Mining, Data Centres, and Energy markets, leveraging its integrated water solutions platform.