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SciDev Ltd (ASX:SDV)

ALERT: Price-sensitive ASX Announcement for SDV
Current share price for SDV : $0.120 -0.225 (-65.22%)+
Announcement
Release
25 Feb 2026 10:02AM
Price at Release
$0.345
Full Release
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Summary
SciDev Ltd reported its 1H FY26 financial results, highlighting challenges faced due to specific issues with key customer frac schedules in Energy Services and cost overruns in International Water Technologies. Despite a 4% decline in revenue to $47.9 million, the company showed underlying EBITDA of $1.1 million, well below the previous year's $3.4 million. Strategic actions were taken to address these issues, including moving to a channel partner model in Water Technologies to reduce costs by $3 million annually and expanding the Energy Services client base. The Process Chemistry division achieved record revenues, driven by Australian tunnelling contracts, while APAC Water Technologies returned to profitability. SciDev aims for 2H FY26 revenue and EBITDA growth through cost reductions and business developments, with a revenue guidance of $100m - $110m for FY26.
Key Points
  • 1H FY26 revenue was $47.9 million, a 4% decrease.
  • Underlying EBITDA was $1.1 million, down from $3.4 million in the previous year.
  • Frac schedule changes at a key U.S. customer impacted Energy Services revenues.
  • International Water Technologies shifted to a channel partner model to reduce costs.
  • Process Chemistry achieved record revenues of $14.5 million.
  • APAC Water Technologies returned to profitability.
  • FY26 revenue guidance is set at $100m - $110m.
  • Strategic initiatives include expanding client base and cost reductions.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.