Scott Announces FY25 Results

Scott Technology Reports Record FY25 Result

AUCKLAND NZ, [21 October 2025] - Scott Technology (NZX:SCT) today reported a record EBITDA result for the 2025 financial year, underpinned by a clear focus on higher margin contracts and the early success of its Destination 2030 strategy. The strong second half performance more than offset a softer first half, reflecting the benefits of strategic execution, improved order in-take, disciplined cost management and signaling long-term growth trajectory.

Business Highlights

• Record EBITDA of $31.5m driven by strong second half performance and focus on higher margin contracts.
• Destination 2030 strategy, a plan for sustainable profitable growth centered on a customer-first mindset.
• Forward work grows to $169m, up 6% or $160m from FY24.
• New contract wins including $44m in the Appliance Domain across the Americas.
• On target for 30% lower emissions by 2030, with net Scope 1 and 2 GHGs down 9.1% from FY22 baseline.
• Final dividend declared of 5 cents per share (unimputed), taking the total full year dividend to 8 cents per share.

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.

Financial Performance

Group revenue for FY25 was $275m, compared to $276m in FY24. With revenue down 14% at the half-year, this near full recovery highlights the momentum built in the second half. This was supported by multiple contract wins across the Group and improved sales for our standard products and recurring revenue streams. Service revenue grew to $80m, now contributing 29% of revenue up from 28% in FY24, with a continued focus on recurring revenue.

Group net margin improved to 29% from 27% in FY24, reflecting disciplined execution and a focus on higher-value opportunities. EBITDA margin was also supported by a disciplined approach to costs while ensuring sustainable future earnings.

While overall revenue remained steady at $275m, reported EBITDA reached a record $31.5m, up 19% from $26.4m in FY24. This uplift was supported by higher-margin contracts, project execution, a reset cost base and improved business mix. NPAT rose to $14.2m, up 84% from $7.7m in the prior year.

Operating cash flow improved significantly to $22.3m, compared with $6.0m in FY24. This was driven by securing key new projects, effective working capital management and disciplined cost control, facilitating a 39% decrease in net debt to $12.3m. Investments were directed towards regional plant upgrades and strategic asset developments.

Dividend: The directors have declared a final dividend of 5.0 cents per share (unimputed), taking the full year dividend to 8.0 cents per share. The Dividend Reinvestment Plan will apply.

Strategy: Destination 2030

Scott Technology’s Destination 2030 strategy, introduced during FY25, provides a long-term blueprint for sustainable profitable growth, targeting a revenue of $530m by 2030. This approach ensures that customer needs are at the center of every business decision supported by Scott’s enablers; Customer First, One Scott, Leading Edge Technology and High performing Teams.

CEO Mike Christman said, “The strategy emphasises continuous improvement, focused on Market Understanding, Enabled Teams, Trusted Relationships and Innovation recognising that each cycle will drive greater innovation and bring Scott closer to its customers. Early signs of strategy success were visible in FY25 through enhanced project governance, strengthened global position, higher margin contract wins and greater penetration of service revenue.”

“Together these elements combine to reduce risk, improve scalability, and build resilience in earnings.”

On top of this we have set ambitious revenue and EBITDA margin targets through to 2030. Targeting $530 in revenue and EBITDA margin of 14% by FY30. A detailed action plan has been established, including innovation initiatives, lifecycle services, and investment in high performing teams to deliver on the company’s long-term objectives.

Looking Forward

• Scott’s Destination 2030 strategy is already gaining traction across the business, driven by deeper customer insight, an expanding R&D pipeline, unified global operations for scalable growth and a culture of high performance ready to seize future opportunities.
• The record second half is an inflection point in the company’s earnings and represents an early sign of success for the company’s new strategy.
• Forward work has improved to $169m, providing a strong platform leading into FY26. There is a strong pipeline of future opportunities, with Destination 2030 providing a sharpened focus on converting these into orders and growing forward work further.
• Over the coming year, we expect revenue growth and continued earnings leverage. However, we remain cautious with the macro volatility that persists and any impact this may have on customers’ investment plans over the next 12 months.

Additional specific domain detail is provided within the investor presentation.

ENDS

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Announcement PDF