SciDev Secures $21.5M in Deals, Projects $120-$140M Revenue Next Year
SciDev Limited has secured $21.5 million in new contracts and renewals across oil & gas, mining, and PFAS remediation sectors, boosting its FY26 revenue guidance to $120-$140 million.
- Master Services Agreement with Permian Basin E&P company worth up to $10M
- $2.5M PFAS remediation contract at Munmorah Power Station
- $6M three-year renewal supplying MaxiFlox to Queensland coal mine
- New MaxiFlox contracts supporting Victorian infrastructure and NSW water utility
- Strong FY26 revenue outlook driven by diversified sector demand
Contract Wins Signal Momentum
SciDev Limited (ASX – SDV) has announced a significant boost to its order book with $21.5 million in new contracts and renewals secured across key sectors including oil & gas, mining, and environmental remediation. This latest tranche of deals underscores the company’s growing footprint in water treatment technologies and specialty chemistries tailored for heavy industry.
The standout contract is a Master Services Agreement with a blue-chip exploration and production company operating in the Permian Basin, one of the world’s most prolific oil and gas regions. This agreement, which includes the supply of SciDev’s proprietary Friction Reducer and CatChek products, is expected to generate up to $10 million in revenue in FY26 alone, marking a major milestone in SciDev’s US expansion strategy.
Diversified Growth Across Sectors
Beyond oil and gas, SciDev has secured a $2.5 million contract with Generator Property Management to deploy its FluorofIX technology for PFAS remediation at the former Munmorah Power Station in New South Wales. This contract represents the company’s first engagement in the Australian energy sector’s environmental remediation space, highlighting the increasing regulatory and operational focus on legacy contamination issues.
In mining, SciDev renewed a $6 million, three-year contract to supply MaxiFlox to a Queensland coal mine, reinforcing its position in the resources sector. Additional contracts include a $2 million supply deal for a major Victorian infrastructure project and a three-year agreement with a NSW water utility expected to deliver $1 million annually. These deals illustrate SciDev’s broadening customer base and the versatility of its chemical solutions across water-intensive industries.
Optimistic Outlook for FY26
Management’s confidence is buoyed by a robust pipeline of opportunities and a strengthening business development effort. SciDev forecasts FY26 revenue in the range of $120 million to $140 million, driven by continued demand in US energy markets, international PFAS remediation projects, and domestic mining operations. CEO Seán Halpin emphasized the company’s ability to convert trials into commercial contracts and the strategic importance of its proprietary technologies in meeting tightening environmental regulations.
While the contracts are unaudited and subject to execution risks, the combination of new wins and existing orders provides a solid foundation for growth and margin expansion. Investors will be watching closely how SciDev leverages these wins to scale operations and deepen market penetration, particularly in the lucrative US oil and gas sector.
Bottom Line?
SciDev’s contract momentum sets the stage for a pivotal FY26, but execution and market dynamics will be key to sustaining growth.
Questions in the middle?
- How will SciDev manage operational scaling to meet increased demand from the Permian Basin contract?
- What is the potential for further PFAS remediation contracts domestically and internationally?
- How might tightening environmental regulations impact SciDev’s product adoption and pricing power?
