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SciDev Ltd (ASX:SDV)

ALERT: Price-sensitive ASX Announcement for SDV
Current share price for SDV : $0.135 -0.05 (-27.03%)+
Announcement
Release
20 Apr 2026 9:07AM
Price at Release
$0.185
Full Release
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Summary
SciDev Ltd announced a trading update for the third quarter of FY26, revising its revenue guidance due to cyclical challenges in Energy Services and scheduling shifts in the Rum Jungle project. The company now expects FY26 revenue to be between $82 and $87 million, down from earlier estimates of $100 to $110 million. Despite these challenges, SciDev achieved positive EBITDA each quarter and fully implemented cost reductions, decreasing corporate costs by 19%. The Rum Jungle project revenues are expected to defer to FY27 due to weather and shipping delays. SciDev continues to pursue broader customer bases and anticipates improved earnings in FY27.
Key Points
  • SciDev Ltd (ASX: SDV) reported a trading update for 3Q FY26.
  • The company's revenue guidance for FY26 is revised to $82-87 million, down from $100-110 million.
  • Underlying EBITDA for FY26 is expected to be approximately $4 million.
  • Revenue deferrals are largely due to cyclical pressures in Energy Services and schedule shifts in the Rum Jungle project.
  • The Rum Jungle project revenues are deferred into FY27 due to adverse weather and shipping delays.
  • Energy Services faces intensified competition and cost pressures, impacting sales.
  • Cost reduction initiatives have been fully implemented, reducing corporate costs by 19%.
  • SciDev is transitioning its International Water operations to a channel partner model.
  • The company targets improved earnings in FY27 with broadened customer base and recurring revenue models.
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.