Scott Technology Limited

Overview

Scott delivers smart automation and robotic solutions that transform industries by making businesses safer, more productive and more efficient. With design and build operations across New Zealand, Australia, China, Europe and the Americas, and more than 100 years of engineering excellence, Scott is a global automation specialist serving the materials handling & logistics, food processing, appliance manufacturing and mining industries.

In 2025, Scott unveiled its five-year Destination 2030 strategy, setting out a pathway for sustainable, profitable growth - targeting NZ$530 million in annual revenue by 2030, up from NZ$276 million in FY24

Performance

The following information was extracted from Scott Technology Limited's half year results, released on 15 April 2026:

Scott Technology (NZX:SCT) today reported EBITDA of $13.0 million for the first half of FY26, up 7% on the prior period, a steady improvement while investing in the foundational building blocks to scale its Destination 2030 strategy. Growth was led by strong performances in Materials Handling and Mining, continued momentum in service revenue, and a strategic focus on lifecycle services.

Business Highlights

• Diversification: Materials Handling revenue up 21% and Mining up 9%, offsetting delayed customer investment decisions in Protein (-8%).

• Destination 2030 progress: Year one strategic foundations established, including ERP deployment, key account management and lifecycle services frameworks, and domain market analysis.

• New contract wins: comprising a lamb primal order for a large meat processor in Australia, MHL end-of-line automation contracts across Europe expanding into Australia, Automated Guided Vehicle contracts with a leading US aerospace manufacturer and a global leader in wine and spirits, and an Appliance order with a global whiteware manufacturer in the USA.

• Forward work: grew to $177m, up from $165m in HY25, supporting a stronger H2. The increase was spread across all domains and comprises a mix of existing and recent project wins.

• Service revenue: now 33% of total, up from 31% in HY25, reflecting strategic focus on lifecycle services and growing installed base.

Financial Highlights

• Group revenue: $128m, up 5% on HY25.

• Service revenue: up 14% to $43m, now 33% of total revenue (up from 31% in HY25).

• Group net margin remained at 29%, consistent with recent highs in prior period. This aligns with strategy to focus on higher margin, lower risk work.

• EBITDA: $13.0m, up 7% from $12.2m in HY25, reflecting continued focus on higher-margin contracts and disciplined cost management.

• NPAT: broadly in line at $4.5m, up 4% from $4.3m in HY25.

• Net debt remained stable at $13.1m, with recent contract wins and forward work mix providing confidence in future cash generation to support targeted increased investment into R&D in FY27.

• Operating cash flow remained positive at $6.1m (HY25: $14.5m), decreased from last year due to timing of major project receipts.

• Interim dividend declared of 4.0 cents per share (unimputed), up from 3.0 cents in HY25. The Dividend Reinvestment Plan will continue to apply.