Why did SciDev (ASX:SDV) lower its FY26 revenue guidance?

SciDev reduced its FY26 revenue guidance to $82–$87 million due to external logistics and weather issues. Severe weather in the Northern Territory and global shipping disruptions delayed revenue from the Rum Jungle project, pushing those earnings into FY27.

How much did the SciDev (ASX:SDV) revenue forecast change?

The updated guidance represents a significant downward revision from previous expectations. SciDev now expects FY26 revenue of $82 million to $87 million, down from the earlier forecast of $100 million to $110 million.

What are the key profit margins for SciDev (ASX:SDV) in Q3 FY26?

SciDev’s underlying EBITDA margin improved to 6% in the third quarter of FY26, up from 4% in the previous quarter. This margin expansion suggests that despite lower volumes and external headwinds, the company is becoming more efficient at converting revenue into earnings.

What happened to the revenue from the Rum Jungle Project?

Revenue from the Rum Jungle project has not been lost, but rather deferred into the next financial year (FY27). This shift was caused by timing issues related to regional weather events and shipping delays that prevented work or delivery within the current FY26 reporting window.

What are the main risks for SciDev (ASX:SDV) investors right now?

The primary risks include continued volatility in the energy sector and persistent logistics disruptions. Specifically, if upstream E&P companies continue to prioritise low-cost commodity chemicals over SciDev’s higher-value specialty products, the company may face prolonged margin pressure.

Tech

SciDev trims revenue guidance despite growing quarterly profits

Q: Is SciDev (ASX:SDV) currently profitable?

While revenue has slowed, SciDev is showing consistent growth in underlying profitability, reporting its third consecutive quarter of positive underlying EBITDA. The company earned $1.1 million in underlying EBITDA for Q3 FY26, bringing the year-to-date total to $2.2 million.

Written by Jon CuthbertPublished Apr. 20 2026Last Updated Apr. 20 2026

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.