ASX-listed SciDev (ASX:SDV) issued a revised trading update for the third quarter of FY26, tempering full-year revenue expectations while highlighting a steady trajectory in underlying profitability.
The company has adjusted its FY26 revenue guidance to a range of $82 million to $87 million, a reduction from the previously forecast $100 million to $110 million.
The revision is attributed to a confluence of external challenges, most notably adverse weather events in the Northern Territory and ongoing global shipping disruptions.
The factors have delayed a portion of revenues from the Rum Jungle project, shifting them from the current financial year into FY27.
Additionally, the company is navigating intensified competition in the friction reduction chemical market as upstream exploration & production companies tighten costs, momentarily slowing the adoption of SciDev’s higher-value speciality products.
Despite the top-line adjustment, the operational core remains resilient. SciDev reported its third consecutive quarter of positive underlying EBITDA, reaching $1.1 million for Q3 FY26, bringing the year-to-date total to $2.2 million.
Efficiency gains are evident in the underlying EBITDA margin, which climbed to 6% for the quarter.
At the time of reporting, SciDev's share price was $0.14.