SciDev Ltd (AU:SDV) has released an update.
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SciDev Ltd reported a robust Q1 FY25 with a 21% year-on-year increase in revenue, reaching $26.1 million, driven by strong performances in Chemical Services and Water Technologies. The company achieved an impressive underlying EBITDA of $2.7 million, highlighting its profitability and strategic growth in the U.S. oilfield and domestic mining markets. With positive cash flow and a solid balance sheet, SciDev is well-positioned to capitalize on growth opportunities in its proprietary chemistry and water technologies sectors.
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