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SciDev Ltd ( (AU:SDV) ) just unveiled an update.
SciDev reported its third consecutive quarter of positive underlying EBITDA in 3Q FY26, with margin improving to 6% and Process Chemistry on track for record full-year revenue, underpinned by fully implemented cost reductions that lower corporate expenses and position the group for stronger earnings from FY27. However, the company cut FY26 revenue guidance to A$82–87 million from A$100–110 million, citing cyclical cost-pressure headwinds in Energy Services and weather and shipping-related delays at the Rum Jungle project that defer, rather than cancel, revenue into FY27, while management highlights a growing pipeline of customer trials and expects a meaningful earnings uplift next year.
SciDev’s Energy Services division has faced intensified competition in commoditised friction-reduction chemicals and slower uptake of higher-value specialty products as upstream E&P clients push harder on costs, driving around 80% of the guidance downgrade. In Water Technologies, heavy rain and cyclone activity in the Northern Territory, plus global shipping disruptions, have shifted a substantial portion of Rum Jungle rehabilitation revenue into FY27, even as the project remains on budget, while ongoing cost-cutting, a pivot to a channel-partner model internationally and new contract wins in key U.S. basins support management’s confidence in the company’s FY27 earnings trajectory.
The most recent analyst rating on (AU:SDV) stock is a Buy with a A$0.60 price target. To see the full list of analyst forecasts on SciDev Ltd stock, see the AU:SDV Stock Forecast page.
More about SciDev Ltd
SciDev Ltd is an Australian-based industrial chemistry and water technology company listed on the ASX, supplying process chemistry, energy services chemicals and water treatment solutions to resources, energy and infrastructure markets. Its key business units include Process Chemistry, Energy Services and Water Technologies, with a growing focus on recurring revenue contracts and major remediation projects such as the Rum Jungle mine rehabilitation.
Average Trading Volume: 203,741
Technical Sentiment Signal: Sell
Current Market Cap: A$34.22M
See more data about SDV stock on TipRanks’ Stock Analysis page.