Company Interview / A clean win for SciDev

Key points:

SciDev secures significant $20 million groundwater treatment contractNorthern Territory project broadens company’s rehabilitation market reachDiverse order book including PFAS and emergency water treatmentFinancial position described as robust, supporting organic growth agenda

Seán Halpin of SciDev presents a positive outlook on the company’s recent achievements, citing the award of a contract for the design and construction of a groundwater treatment plant as a milestone. The contract is part of the Department of Mining and Energy’s Rum Jungle Rehabilitation project in the Northern Territory, signalling a significant leap for SciDev (ASX:SDV) in both scale and market presence. Halpin says that this deal, awarded by contractor McMahon Services Australia, has been in the works for several years and positions SciDev as a capable provider of large-scale water technology solutions.

Halpin says the new $20 million contract far exceeds the company’s previous largest project worth $4.8 million. He describes the Northern Territory as a growth frontier, emphasising that local recruitment will be project-specific without a major scale-up of resources. According to Halpin, SciDev’s technology is also being utilised for PFAS treatment and a mix of reactive, emergency, and larger water remediation projects across different commercial models.

SciDev recently appointed Todd Scott as CFO, with Halpin noting a positive early impact. Halpin affirms the company remains financially strong, is well-capitalised, and is on track to meet revenue guidance for the year.