New Zealand's Scott Technology FY26 revenue rises on mining segment strength

Scott Technology

21/10/2026 23:38

Overview
New Zealand automation and robotics firm's FY26 revenue rose 7% to record high
Operating EBITDA for FY26 grew 14% year-over-year
Growth driven by Mining and Materials Handling & Logistics segments

Outlook
Scott expects FY27 revenue of NZ$310-340 mln
Company sees FY27 operating EBITDA of NZ$36-41 mln
Destination 2030 targets NZ$530 mln in group revenue by FY30

Result Drivers
MINING EQUIPMENT DEMAND – Mining revenue rose 22% to NZ$62.3 mln, driven by Rocklabs standard-equipment sales and continued mining investment
LIFECYCLE SERVICES – An expanding installed base and lifecycle-services focus lifted recurring revenue 9% to NZ$95 mln, or 32.3% of Group revenue
MARGIN EXPANSION – Net margin rose to 30% on higher-margin Mining and service mix, improved project execution, modular solutions and cost control

Company press release: ID:nNZS3B2va

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
 
NZ$294.10 mln
 
FY Net Income
 
NZ$15.70 mln
 
FY EBITDA
 
NZ$36.10 mln
 

Analyst Coverage
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 11 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)