SCT - Scott Technology

[Left Field]

Seems Scott Technology is forgotten on this forum, so we better put that right with this update highlighting a 42% drop in Net Profit.

https://www.nzx.com/announcements/429655


• Group revenue is up 11% to $141m, margins maintained at 26% with a focus on both core and service, supported by improved delivery of rest of business.

• Sales and service in Scott's three core sectors delivered 85% (+8ps) of group revenue.

• Operating EBITDA increased 14% to $17m, outpacing revenue growth.

• Net profit after tax was down 42% to $4.5m due to one-off strategic review costs, higher lease and financing costs.

• Forward work of $161m remains positive, comprising of MHL, minerals, protein orders and service agreements.

• An interim dividend of 5 cents per share was declared, up from 4 cents in H1 F23.

[Left Field]

Interesting move by SCT

https://www.nzx.com/announcements/432210

A key driver of this investment is the expansion of its world leading BladeStop safety bandsaw product line to include the T300, a saw specifically designed for the instore meat cutting of the supermarket sector. Independent research indicates that the total addressable market for the T300 retail saw in the U.S. is approximately 25,000 units which includes leading retailers such as Albertsons and Kroger.
 
 In addition to the BladeStop expansion, Scott Technology's proprietary Poultry Trusser product has gained significant traction in the market. Sales have been secured with three of North America's largest poultry processors, demonstrating strong market adoption. Despite this success, there remains a substantial untapped market for this product.
 
 "With Scott's strong pedigree of bringing world-leading automation technologies to market, we continue see large opportunities ahead in the North American red meat and poultry sectors. The poultry trussing product is well into its commercialisation phase with orders building upon the early rollouts into the Costco processing network. Our recently released T300 BladeStop saw is now being launched into the leading US supermarket chains where retailers undertake meat cutting activities instore" commented John Kippenberger, Scott Technology Chief Executive.

[Left Field]

Slight upgrade and cunning plans for the future to roughly double revenue by 2030.....

https://www.nzx.com/announcements/458533

SCT a much easier and more meaningful read than SPK's cunning plan which managed to avoid predicting 2030 revenue!?  https://www.nzx.com/announcements/458552

[Left Field]

FY 25 Result out. Looks pretty good despite flat revenue. Lots of future hope/hype....

https://www.nzx.com/announcements/461162

Financial Highlights
 
 • Group revenue: $275m in-line with FY24.
 • Second half revenue growth of 13% offsetting softer first half.
 • Service revenue contribution: $80m, 29% of total revenue (up from 28% in FY24).
 • Group net margin improved to 29%, from 27% in FY24.
 • Record EBITDA: $31.5m, up 19% from $26.4 million in FY24.
 • NPAT: $14.2m up 84% from $7.7m in FY24.
 • Operating cash flow improved to $22.3m, compared with $6.0m in FY24.
 • Net debt reduced to $12.3m, reflecting improved cash flow and disciplined capital management.

[winner (n)]

Variations of 'improve' mentioned 14 times so things must be on the improve

And an 'inflection point' has been reached

[HAWKDOG]

Dear Shareholders,
 
Scott Technology (NZX: SCT), the robotics and automation company, has today announced its FY26 Results.
First year into its five-year global growth strategy Destination 2030 the company reported record revenue of $294m (up 7% YoY) and record operating EBITDA $36.1m (up 14% YoY).
Lifecycle Services has lifted Recurring Revenue to $95m (32.3% of group revenue).
Scott expects FY27 revenue of $310–340 million and operating EBITDA of $36–41 million.
Full announcement in text belo. Our full investor presentation and annual report can be read on the NZX: https://www.nzx.com/announcements/482255
 
Scott Technology Reports Record FY26 Result
AUCKLAND, New Zealand, [22 October 2026] – Scott Technology Limited (NZX: SCT), the global automation and robotics company, today reported record FY26 revenue of $294.1 million, + 7% YoY and record operating EBITDA of $36.1 million, + 14% YoY, with earnings growth ahead of revenue. Growth was led by Mining and Materials Handling & Logistics, while increased focus on Lifecycle Services lifted Recurring Revenue to $95m, now representing 32.3% of Group revenue.
 
FY26 was the first full year of Scott's Destination 2030 growth strategy, as the team put in place the building blocks for future success. The business completed domain market analysis and establishing Key Account Management, Lifecycle Services and Innovation frameworks alongside improved systems capability. With ongoing market activities and embedded capabilities Scott expects FY27 revenue growth of $310–340 million and operating EBITDA growth of $36–41 million.
 
Momentum was particularly strong in the second half, with EBITDA growth +78% on H1 FY26, which augurs well heading into FY27 and reaffirms the track towards Scott's ambitious 2030 targets.
 
"One year into Destination 2030, we have broken through the revenue plateau while making meaningful changes to how Scott operates," said CEO Mike Christman. "We are getting closer to customers, growing recurring revenue from our installed base and directing innovation towards clearly defined market opportunities. The result is a more customer-led, focused and scalable business."
 
Business Highlights
Revenue: $294.1m, +7% YoY
Operating EBITDA: $36.1m, up 14% YoY
NPAT: $15.7m, up from $14.2m
Recurring Revenue (Lifecycle Services): $95m - 32.3% of Group revenue
Net margin: 30%, up from 29%
Operating cash flow: $23.8m
Net debt: $7.7m, down from $12.3m
Forward work: $146m
Dividend: 5 cps final; 9 cps full year
Double-Digit Mining Growth - Revenue increased +22% to $62.3m, supported by strong Rocklabs equipment demand, greater automation adoption and expanded North American sales and service capability.
 
MHL broadens Across Verticals and Geographies - Revenue increased +5% to $129.9m as the domain expanded focus across geographies, securing its first Australian customer and priority FMCG sectors including meat, dairy, bakery and snacks.
 
Lifecycle Services Lifts Recurring Revenue - Growth in the installed base and a more deliberate lifecycle approach increased recurring revenue by 0.6 pts to $95m (32.3% of group revenue) supporting greater revenue resilience and deeper customer relationships.
 
Dividend
 
Reflecting Scott's FY26 performance and the Board's confidence in the underlying strength of the business, the Directors have declared a final dividend of 5.0 cents per share, bringing the total dividend for FY26 to 9.0 cents per share. The final dividend will be fully imputed, with the Dividend Reinvestment Plan applying.
 
Scott's dividend policy targets a payout ratio of 50%–80% of adjusted NPAT, subject to cash flow, capital requirements and balance-sheet strength.
 
Outlook
 
Scott enters FY27 with forward work of $146 million and a stronger strategic foundation across its four domains. The focus now shifts from embedding established frameworks to operations: increasing market share in priority sectors, deepening key-account relationships, growing Recurring Revenue, converting the innovation pipeline into scalable technologies, all whilst improving productivity through One Scott.
 
Scott expects FY27 revenue of $310–340 million and operating EBITDA of $36–41 million, while increasing investment in its innovation pipeline, its people and its systems. Near-term global economic and geopolitical uncertainty may continue to affect the timing of customer capital expenditure. However, structural demand drivers including labour scarcity, operational safety, productivity and supply-chain resilience continue to support the adoption of automation across the industries Scott serves.
 
The business reaffirms its Destination 2030 targets of $530m group revenue, 14% EBITDA and Recurring Revenue from Lifecycle Services of 35%.
 
ENDS