Scott Technology revenue rises 7% in FY26
New Zealand automation company Scott Technology reported NZ$294.1 million in FY26 revenue and NZ$36.1 million in operating EBITDA; food-sector equipment is part of its business mix.
Event / data period: 2026-06-30
Published: · Updated:
New Zealand automation and robotics company Scott Technology reported revenue of NZ$294.1 million in FY26, up 7% year on year, and operating EBITDA of NZ$36.1 million, up 14%, in results released on October 22. Net profit after tax rose to NZ$15.7 million from NZ$14.2 million. The company said growth was led by its Mining and Materials Handling & Logistics businesses.
Food and agrifood were among the markets the Materials Handling & Logistics (MHL) business wants to grow. Its revenue rose 5% to NZ$129.9 million; it reported its first Australian customer and named meat, dairy, bakery and snacks among priority fast-moving consumer goods sectors. The results do not measure sales volumes or farm productivity in these industries; they report the commercial performance of an automation equipment, systems and services provider.
Operating earnings grew faster than revenue
Scott Technology’s financial year ended June 30, 2026, with revenue of NZ$294.1 million, 7% above the prior year. Operating EBITDA rose 14% to NZ$36.1 million. Net profit after tax increased from NZ$14.2 million to NZ$15.7 million, and net margin rose from 29% to 30%. EBITDA means earnings before interest, tax, depreciation and amortisation; it is not the same measure as net profit.
The company highlighted earnings growth that outpaced revenue and the second half’s momentum: EBITDA in the second half was 78% higher than in the first. That period comparison differs from the full-year 14% increase and describes a change from one half-year to the next. The results do not guarantee the same pace will continue. Management reported operating cash flow of NZ$23.8 million and net debt of NZ$7.7 million at year-end, down from NZ$12.3 million in the previous year.
Mining equipment and materials logistics led growth
The company identified Mining and Materials Handling & Logistics (MHL) as the main sources of growth. Mining revenue increased 22% to NZ$62.3 million. Scott said demand for Rocklabs equipment, greater adoption of automation and expanded North American sales and service capability supported the division. The announcement does not assign a separate amount of revenue growth to each factor.
MHL revenue rose 5% to NZ$129.9 million. The business said it had broadened its focus across sectors and regions and secured its first Australian customer. These are company-reported results; the release did not name the customer or disclose the financial value of the new work. MHL should be kept distinct from mining revenue. Reading the two business updates separately helps explain how Scott’s overall revenue is distributed and where the company says growth came from.
Food-processing sectors are part of its expansion focus
MHL named meat, dairy, bakery and snacks as priority fast-moving consumer goods markets. That points to an intention to develop Scott’s automation and logistics business in those sectors; the announcement does not give orders secured in each market or the number of systems installed in food plants. The company’s products and customer base relate to processing and materials movement after agricultural products leave the farm.
This distinction matters when reading the company results alongside agricultural data. The references to meat and dairy identify customer industries; they do not provide measures of livestock numbers, milk production, meat processing volumes or food prices. Automation investments may relate to producers’ processing and logistics operations, but the results do not report measured effects of new systems on labour, output capacity or productivity.
Services made up a larger share of group revenue
Scott reported NZ$95 million in recurring revenue from lifecycle services, equal to 32.3% of group revenue. The share increased by 0.6 percentage points year on year. The company described growth in its installed base and a more deliberate lifecycle approach as supporting revenue resilience and deeper customer relationships. The 32.3% figure measures services revenue as a share of group revenue; on its own it does not establish contract duration or renewal rates.
Service income has a different profile from large equipment orders. Scott presents spare parts, maintenance and other lifecycle services as a separate growth focus. The NZ$95 million does not mean all of the company’s revenue was recurring; it was about one-third of the NZ$294.1 million total. The announcement does not break out which customer industries generated this service income or how much came from food-processing clients.
Forward work and FY27 guidance
Scott reported NZ$146 million in forward work at year-end. The company presented this as a view of work ahead; the announcement does not define in detail that every dollar will become revenue in the same period or that the amount consists entirely of signed orders. It gave FY27 guidance of NZ$310 million to NZ$340 million in revenue and NZ$36 million to NZ$41 million in operating EBITDA. These are management expectations, not realized results.
The company said near-term global economic and geopolitical uncertainty could affect the timing of customer capital expenditure. It also identified labour scarcity, operational safety, productivity and supply-chain resilience as structural factors supporting automation adoption. Those statements are the company’s assessment, not measured market growth in particular countries or industries. With its FY27 outlook, Scott also said it planned to increase investment in its innovation pipeline, people and systems.
Destination 2030 targets remain forward-looking
The results restated the company’s Destination 2030 targets: NZ$530 million in group revenue, a 14% EBITDA margin and recurring lifecycle-services revenue of 35%. These are multi-year corporate goals, not results achieved in FY26. In FY26, revenue was NZ$294.1 million, operating EBITDA NZ$36.1 million and recurring services 32.3% of group revenue. The 2030 targets set out the company’s plan beyond that reported base.
Scott said the first full year of the strategy involved domain-market analysis and putting key-account management, lifecycle-services and innovation frameworks in place. Management plans to move those capabilities into operations, increase share in priority sectors and turn its innovation pipeline into scalable technologies. Those aims do not yet have measured financial or operational results in this release. The FY26 announcement’s main findings are that revenue and operating EBITDA increased, food processing is among the customer sectors in its expansion plan, and its outlook figures remain guidance.
Read reported results separately from guidance
The release’s NZ$294.1 million in revenue and NZ$36.1 million in operating EBITDA are completed FY26 accounting results. By contrast, the NZ$310 million to NZ$340 million revenue range, NZ$36 million to NZ$41 million EBITDA guidance and NZ$146 million in forward work are forward-looking indicators. Their appearance in the same release does not give them the same certainty as reported results. The company specifically said the timing of future work may depend on customers’ capital expenditure decisions.
The food-processing automation focus also describes the company’s growth strategy, not a measured productivity gain or production volume in those industries. Because the results provide no farm or food-output measures, they do not support conclusions about farmer prices, input costs or food supply. Keeping operating performance, forward plans and customer industries distinct gives a clearer account of both the company’s current scale and the direction in which it hopes to grow.
Data
Scott Technology selected FY26 company results
Selected figures from the company’s October 22, 2026 results release.
| Group revenue | 294.1 | FY26, +7% year on year |
| Operating EBITDA | 36.1 | FY26, +14% year on year |
| Net profit after tax | 15.7 | FY26; NZ$14.2m previous year |
| Lifecycle-services recurring revenue | 95 | 32.3% of group revenue |
| Mining revenue | 62.3 | FY26, +22% year on year |
| MHL revenue | 129.9 | FY26, +5% year on year |
| Forward work | 146 | At FY26 year-end; company-defined outlook measure |
| FY27 revenue guidance low | 310 | Management guidance, not realized |
| FY27 revenue guidance high | 340 | Management guidance, not realized |
Methodology
Values are transcribed from the company release. Percentages show year-on-year changes or revenue shares; forward work and FY27 guidance are not realized revenue.
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