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Capital & Financial Markets 24 Oct 2026

Scott Technology posts record annual profit on mining and logistics growth

Scott Technology reported net profit of USD 8.9m (NZD 15.7m) for the year to 31 August 2026, up from USD 8.1m (NZD 14.2m), on revenue up 7% to USD 167.3m (NZD 294.1m). Mining equipment revenue rose 22%, while the materials handling and logistics unit, which is expanding into food and consumer goods, grew 5% to USD 73.9m (NZD 129.9m). The company guides to FY2027 revenue of USD 176m-193m (NZD 310m-340m).

Why this mattersGrowth at this automation and robotics supplier is driven by mining, not packaging, limiting the read-through for packaging-line equipment demand.

  • Net profit rose to USD 8.9m (NZD 15.7m) for the year to 31 August 2026, from USD 8.1m (NZD 14.2m)
  • Group revenue rose 7% to USD 167.3m (NZD 294.1m)
  • Mining division revenue rose 22% to USD 35.4m (NZD 62.3m)
  • Materials handling and logistics revenue rose 5% to USD 73.9m (NZD 129.9m), with a first Australian customer and expansion into meat, dairy, bakery and snacks
  • Net debt fell to USD 4.4m (NZD 7.7m) from USD 7.0m (NZD 12.3m)
  • FY2027 guidance is revenue of USD 176m-193m (NZD 310m-340m) and operating earnings of USD 20m-23m (NZD 36m-41m)
Scott Technology
Sources english.pravda.ru
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Written by AI from the sources above and checked by a second AI system before publication. No human wrote or edited this story. How it is made.

Updates

  • 2026-10-26 · Edited before publication: NZD amounts (the source uses '$' for a New Zealand company) lacked USD conversions; converted at USD 1 = NZD 1.758.