Highlights

  • Scott Technology  posted record EBITDA of NZD 31.5 million for FY25, up 19% from FY24.
  • Net profit after tax (NPAT) increased 84% to NZD 14.2 million, supported by improved second-half performance.
  • Forward work reached NZD 169 million, up 6% from FY24.

Scott Technology (NZX:SCT) reported a record EBITDA of NZD 31.5 million for the financial year ended 30 June 2025, driven by higher-margin contracts and improved second-half performance. Group revenue remained steady at NZD 275 million, in line with FY24. Revenue growth of 13% in the second half offset a softer first half, supported by new contract wins, recurring service revenue, and sales of standard products.

NPAT rose to NZD 14.2 million, an 84% increase compared with NZD 7.7 million in FY24. Operating cash flow improved significantly to NZD 22.3 million, compared with NZD 6.0 million in the prior year. Net debt decreased to NZD 12.3 million, reflecting disciplined capital management and improved cash generation.

Business and Operational Highlights

Service revenue grew to NZD 80 million, now accounting for 29% of total revenue, reflecting an increase of 28% from FY24. The company’s net margin increased to 29%, compared with 27% in FY24.

New contract wins included NZD 44 million in the Appliance Domain across the Americas, contributing to forward work of NZD 169 million, a 6% increase from FY24. The company also reported reductions in Scope 1 and 2 greenhouse gas emissions, down 9.1% from the FY22 baseline, on track to meet the 30% reduction target by 2030.

Destination 2030 Strategy

Scott Technology’s Destination 2030 strategy, introduced during FY25, is focused on sustainable profitable growth and positioning the company for long-term value creation. The strategy prioritises a customer-first approach, unified global operations, and investment in leading-edge technology and high-performing teams.

Under Destination 2030, Scott aims to achieve revenue of NZD 530 million and an EBITDA margin of 14% by FY30. The strategy includes initiatives in innovation, lifecycle services, and scalable operations designed to convert forward opportunities into contracts and enhance recurring revenue streams.

Outlook

Forward work at NZD 169 million provides a platform for FY26, with an ongoing pipeline of projects expected to contribute to revenue growth and earnings leverage. The company expects continued traction from the Destination 2030 strategy, supported by deeper customer insight, R&D expansion, and operational efficiencies.

Scott Technology remains cautious regarding macroeconomic volatility and its potential impact on customers’ investment plans over the coming 12 months.