Scott Technology HY26: mix improved, cash conversion did not
Materials Handling carried the half, but a sharp working-capital build left the cash story materially weaker than the earnings story.
Published 17 April 2026
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Showing 1-10 of 10 published briefings.
Materials Handling carried the half, but a sharp working-capital build left the cash story materially weaker than the earnings story.
Published 17 April 2026
Read briefingRevenue was flat, but margin expansion, stronger cash conversion, and a 70/30 NPAT split made mix and H2 timing the real story.
Published 20 April 2026
Read briefingOperating leverage compressed EBITDA by 26.6% on modest revenue loss, but a 12.9% effective tax rate masked the true earnings deterioration at the...
Published 21 April 2026
Read briefingScott Technology grew the top line but rising costs, a surge in borrowings, and cash conversion that fell to 23% of EBITDA signal a business under...
Published 21 April 2026
Read briefingRevenue and operating EBITDA both grew double-digit, but PBT fell 37% and a HY23 cash inflow reversed into a HY24 outflow even as the interim...
Published 21 April 2026
Read briefingThe headline 17,051% NPAT jump reflects a FY22 discontinued-operation loss washing out, while H2 operating cash flow actually turned negative.
Published 21 April 2026
Read briefingPBT grew 30.6% on better margins, but a lower tax rate drove most of the 65.1% headline NPAT lift.
Published 21 April 2026
Read briefingContinuing-operations earnings and margins improved, yet operating cash halved and working capital absorbed most of the gain.
Published 21 April 2026
Read briefingRevenue growth and Australasia margin strength were offset by an inventory-driven working-capital build and a sharp leverage step-up.
Published 21 April 2026
Read briefingFY21 earnings recovered sharply across every segment, yet cash conversion deteriorated and working capital absorbed the earnings uplift.
Published 21 April 2026
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