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An announcement from Scott Technology Limited ( (NZ:SCT) ) is now available.
Scott Technology reported a solid first-half FY26 result, with revenue up 5% to $128m and EBITDA rising 7% to $13m, underpinned by strong growth in Materials Handling and Mining and a 14% lift in service revenue, which now accounts for a third of group sales. While Protein and Appliances were softer on project timing and delayed customer investment, margins held at 29%, forward work grew to $177m, net debt remained stable and the interim dividend was increased, signalling confidence as the company lays foundations for its long-term Destination 2030 growth strategy.
Management highlighted progress in the first year of Destination 2030, including ERP rollout, key account and lifecycle services frameworks and an expanding contract pipeline across automation and guided vehicle systems in Europe, Australia and the U.S. With performance expected to be second-half weighted again and strategic enablers gaining traction, Scott says it remains on track toward its FY30 revenue goal despite acknowledging that growth will be non-linear and sensitive to global economic and geopolitical conditions.
More about Scott Technology Limited
Scott Technology is a New Zealand-based industrial automation specialist supplying materials handling, mining automation, protein processing and appliance production systems to global manufacturers. The company is increasingly focused on lifecycle and service revenues, targeting higher-margin, lower-risk work and building a recurring revenue base across Europe, North America and other key markets.
Average Trading Volume: 8,316
Technical Sentiment Signal: Buy
Current Market Cap: N$212.8M
See more insights into SCT stock on TipRanks’ Stock Analysis page.