Scott Unveils Strategy and Delivers FY25 Trading Update

MKTUPDTE

Thu, Sep 11 2025 08:30 am

Auckland, NZ [11 Sep 2025] – Scott Technology (NZX: SCT) will unveil its five-year strategy, Destination 2030, at its inaugural Investor Day, Scott ID25, hosted in Auckland CBD later this morning. The strategy sets out the company’s plan for sustainable profitable growth, targeting $530 million in revenue by 2030 (up from $276 million reported in FY24).

“Destination 2030 represents more than a strategic plan, it’s a shift in how Scott is going to present itself to the world,” said Mike Christman, CEO of Scott Technology. “We’re evolving from an engineering company mindset to a customer-first mindset. A globally aligned business that grows through deep customer partnerships, focused innovation, and operational discipline. With a sharpened structure and a clear direction, we’re building a Scott that will be an industry leader for decades to come.”

“Scott has come a long way from its origins in Dunedin over 110 years ago,” said Stuart McLauchlan, Chairman of Scott Technology. “With a growing global footprint and an expanding investor base, today marks a new chapter, one of deeper, more direct engagement with capital markets and a sharper strategic focus. The Board is fully aligned and confident in the direction we’re taking.”

Trading Update

Scott Technology expects to report record EBITDA for FY25 within the range of $30.5m to $31.5m, with both operating and reported EBITDA forecast to be up on the prior year (FY24 operating EBITDA was $30.2m and reported EBITDA was $26.4m). The result reflects a strong second-half performance across the business and a strategic focus on higher margin contracts. FY25 revenue is anticipated to be in the range of $270m to $275m, compared to $276 million in FY24. With revenue down 14% at the half-year, this near-full recovery highlights the momentum built in H2.

Recent contract wins across the Scott Domains include:

• Materials Handling & Logistics: Multiple palletising projects with Agristo and Lutosa totaling +NZ$19m
• Protein: Contract win to install an existing LEAP Primal for Dawn Meats in UK – Protein Domain’s first UK install

ENDS