SciDev Ltd (ASX:SDV) Advances Integrated Water Solutions Strategy Across Mining and Data Centres

Aditi Sarkar

23 September 2026 06:03 PM AEST

SciDev Ltd (ASX:SDV) Advances Integrated Water Solutions Strategy Across Mining and Data Centres

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Highlights

SciDev reported FY26 Revenue of $85.5 million with Recurring Revenue increasing to 38% of total revenue.
Water Solutions delivered record revenue of $48.3 million and underlying EBITDA of $4.2 million.
Net cash increased to $6.8 million at 30 June 2026 supported by improved second-half cash flow.
The company is focusing on mining, data centres and energy markets through an integrated water solutions platform.

SciDev Ltd (ASX:SDV) reported FY26 results reflecting a transition period for the company as it reshaped its operating model and focused on integrated water treatment solutions across mining, data centres and energy markets.

The company recorded revenue of $85.5 million for FY26, compared with $103.4 million in FY25. Underlying EBITDA was $3.6 million, while reported EBITDA was a loss of $1.1 million. Recurring revenue increased to 38% of total revenue from 30% in the previous year.

During FY26, SciDev implemented several operational initiatives, including exiting loss-making international water technology operations, reducing costs, lowering Capital Expenditure and improving working capital management. The company stated these actions reduced its cost base by approximately $4 million compared with FY25.

The second half of FY26 showed improved operating performance. Underlying EBITDA increased to $2.5 million from $1.1 million in the first half, while underlying operating Cash Flow increased to $6.0 million for the year.

SciDev ended FY26 with net cash of $6.8 million, compared with $6.3 million at 30 June 2025.

Water Solutions Segment Delivers Record Performance

Water Solutions was a key contributor to SciDev’s FY26 performance, generating record revenue and EBITDA. The segment delivered revenue of $48.3 million, up 13% compared with FY25, and underlying EBITDA of $4.2 million.

Process Chemistry revenue increased to $27.3 million, supported by large-scale tunnelling infrastructure projects and multi-year Mining contract renewals. Process Chemistry EBITDA increased 65% to $2.2 million, supported by higher revenue and improved product mix.

Water Technology APAC revenue increased 27% to $21.0 million, driven by a base of mining and infrastructure contracts, increased Hydra-IQ sales and revenue recognition from the Rum Jungle groundwater treatment plant construction.

The company is combining engineering capabilities from its Water Technology Business with Process Chemistry expertise, while integrating data and optimisation products including Hydra-IQ and OptiFlox.

SciDev is also expanding into the data centre market, using its existing water treatment capabilities and previous experience delivering more than 40 water projects for data centre customers in Europe.

Energy Services Reset and FY27 Growth Priorities

Energy Services generated revenue of $36.6 million during FY26, down from $60.2 million in FY25. The decline was mainly related to the loss of a major xSlik® friction reducer contract, which impacted revenue and earnings.

Underlying EBITDA for Energy Services was $4.8 million, compared with $13.3 million in FY25. The company stated that the loss of higher-margin xSlik® revenue contributed significantly to the decline, while weaker US oilfield services market conditions also affected demand.

SciDev continues developing Energy Services through partnerships, product development and expansion into targeted regions. The company identified the Permian and Eagle Ford basins in the US as priority markets, while opportunities are emerging in Australia’s Beetaloo Basin.

For FY27, SciDev is focused on expanding engineering, chemistry and data services across its mining customer base, establishing a position in the data centre water solutions market and rebuilding Energy Services growth.

The company has announced initial contracts with two Australian hyperscale data centre operators and developers. In mining, the Newmont Boddington contract is scheduled to commence in 1H FY27, while remaining Rum Jungle contract revenue is expected to continue being recognised.

SciDev enters FY27 with a focus on its integrated water solutions platform, combining engineering, chemistry and data optimisation capabilities across targeted markets.

Key Insights

SciDev’s FY26 results highlight a business transition focused on water treatment solutions, cost discipline and targeted market expansion. The company is prioritising mining, data centres and energy markets while rebuilding Earnings momentum through its integrated technology platform.

FAQs

Q:What was SciDev’s FY26 revenue?

A:SciDev reported FY26 revenue of $85.5 million.

Q:Which segment delivered record performance?

A:Water Solutions delivered record revenue of $48.3 million and underlying EBITDA of $4.2 million.

Q:What happened to Energy Services in FY26?

A:Energy Services revenue declined following the loss of a major xSlik® friction reducer contract.

Q:What was SciDev’s net cash position at FY26 year end?

A:SciDev reported net cash of $6.8 million at 30 June 2026.

Q:What are SciDev’s FY27 focus areas?

A:The company is focused on mining water solutions, data centre opportunities and Energy Services growth.

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