Key Highlights

  • SciDev secured three MaxiFlox chemistry supply contracts with a committed value of approximately $8 million.
  • Extension options carry an estimated further value of up to about $4 million, for a potential total of about $12 million.
  • About $5 million of revenue is expected in FY27, of which about $3 million is incremental to FY26.
  • Recurring revenue was 38% of total revenue in FY26, up from 30% in FY25.

SciDev Ltd (ASX:SDV) has secured three separate contracts to supply MaxiFlox chemistry, with a total committed value of approximately $8 million. The customers operate in mining, utilities and infrastructure, and the initial terms range from about one to three years. All three were awarded after competitive tender, according to the company's 28 October 2026 announcement. Extension options could add a further $4 million or so, and together with a contract announced in June 2026 the company has now secured about $14 million of new chemistry work during calendar 2026.

Contract Value, Terms and Revenue Timing

The three contracts carry approximately $8 million in committed value. They also include extension options with an estimated further value of up to about $4 million, which would bring the total potential contract value to roughly $12 million if every option were exercised. SciDev noted that exercising the options is at each customer's discretion and is not guaranteed.

On revenue timing, about $5 million is expected to be recognised in FY27. Of that amount, about $3 million is incremental to FY26, and the balance of the committed value is to be realised over the remaining contract terms.

The company stated that the counterparties asked for their identities to remain confidential, and SciDev agreed to that request. It also confirmed that the announcement contains all material information relevant to the agreements.

The Three Customers

The mining contract is with a coal mining operation in the Hunter Valley, New South Wales. It runs for two years and covers flocculant and coagulant chemistry tailored to the conditions at that site.

The utilities contract is with a major municipal water and wastewater treatment provider. It has an initial term of three years for the supply of MaxiFlox flocculant chemistry, and it carries extension options.

The infrastructure contract is with the developer of a large national infrastructure project. SciDev will supply MaxiFlox chemistry for up to 18 months, with the stated aim of maximising operational performance and improving overall cost outcomes for the customer.

SciDev said the wins reflect its combined offering of advanced chemistry, OptiFlox automated dose-control technology and on-site technical service and support. MaxiFlox is the company's range of process chemistries used to improve separation of particles from water, water recovery and waste management in mining, water treatment and infrastructure development applications.

Recurring Revenue and the Wider 2026 Contract Run

The company linked multi-year supply agreements of this kind to its objective of raising recurring revenue as a proportion of total revenue. That share rose to 38% in FY26 from 30% in FY25.

The three new contracts follow the $6 million Newmont Boddington contract announced in June 2026. Combined, SciDev has secured approximately $14 million in new chemistry contracts during calendar 2026. The company said this adds to the contracted base supporting recurring revenue growth as the Rum Jungle project completes in the first half of FY27.

Chief Executive Officer Todd Scott said all three contracts were won on competitive tender against an integrated offering of chemistry, dose-control technology and technical service. He said the wins span mining, utilities and infrastructure and align with the FY27 priorities of deepening engineering, chemistry and data services across the client base, which he described as a practical example of the strategy presented in June. According to Mr Scott, the company tailors its chemistry and optimisation work to site-specific operating conditions, aiming to lift performance while reducing overall treatment cost.

Closing Position

SciDev's announcement sets out three contracts worth approximately $8 million, with options that could take the figure to about $12 million, and with about $5 million of that revenue expected in FY27. Terms run from about 18 months to three years across a Hunter Valley coal operation, a municipal water provider and a national infrastructure developer. Alongside the $6 million Newmont Boddington contract, the company has now secured about $14 million of new chemistry contracts in calendar 2026.