Earnings call transcript: SciDev’s H2 2026 shows stronger cash, growth shift

SciDev reported a strong second half in FY 2026, with Water Solutions delivering record underlying EBITDA and revenue growth. Despite challenges in Energy Services, the company shifted focus to Water Solutions, which became the main source of earnings. Net cash and liquidity improved, and recurring revenue increased to 38% of total revenue.

The company exited direct Water Technology operations in the U.S. and U.K. and is focusing on a narrower range of products and partnerships. SciDev's balance sheet shows strong financial health with more cash than debt and a good current ratio.

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