2025 Half Year Announcement

16 April 2025

SCOTT TECHNOLOGY ANNOUNCES HY25 RESULTS

Scott Technology’s (NZX: SCT) result for the six months ending 28 February 2025 sees stable net profit
despite the challenging market conditions across its product portfolio and lower order intake during last
year. The company successfully strengthened group margins, reduced net debt, and improved cash flow.
Strategic execution focused on securing higher-margin contracts and building a robust pipeline of forward
work provides momentum into the second half of the year.

Business Highlights:
• The executive team, led by new CEO Mike Christman, recently met to review and align on long
term strategy, targeting a new 2030 strategy, details to be presented at an upcoming Investor
Day.
• Continued strong growth opportunities supported by innovative products and scalable solutions.
• Strong Q2 following recent key project wins provides momentum for the next six months.
• Forward work remains robust at $165 million, flat versus the prior period, with a strategic focus on
higher margin contracts.
• Revenue mix is increasingly weighted towards service-based revenue, currently at 31%, up from
26%.
• A proactive safety culture drove substantial engagement, evidenced by an 83% increase in safety-
related conversations.

Financial Highlights:
• Revenue of $122 million, down -14% from $141 million in the prior comparable period (pcp).
• Group margin performance improved to 29%, a 270bps increase from 26% in pcp.
• Operating EBITDA at $12.2 million, down -27% from $16.6 million in pcp.
• Net Profit After Tax (NPAT) of $4.3 million, stable compared to pcp.
• Operating cash flow of $14.5 million improved significantly from -$7.7 million in pcp.
• Net debt reduced to $13.2 million, down -35% from $20.2 million in pcp.
• Directors declared a dividend of 3 cents per share (unimputed), 5 cents per share in pcp.

Financial Performance Overview:
Revenue for HY25 declined -14% year-on-year to $122 million, driven by a challenging economic landscape
and subdued order intake throughout FY24. Despite this environment, forward work remains robust at $165
million, supported by a targeted approach to high-margin opportunities and securing recent wins that
provide momentum for the second half.

Group margin expanded to 29%, representing a notable +270bps improvement, driven by Scott Technology’s
strategic focus on profitable projects and service mix. The decline in revenue, however, has led to operating
EBITDA of $12.2 million, a decrease of -27% from pcp. Cost controls are in place to manage overheads while
carefully investing in foundational elements like a new Enterprise Resource Planning (ERP) system in Europe
to support future growth. Net profit after tax was at $4.3 million, remaining relatively flat compared to pcp
as reduced EBITDA was offset by lower amortisation, interest and tax. The prior period also included non-

recurring costs for the strategic review.

Operating cash flow rebounded positively to $14.5 million, driven by securing key new projects, effective
working capital management and disciplined cost control, facilitating a -35% reduction in net debt to $13.2
million. Investments were directed towards regional plant upgrades and strategic asset developments.

Considering current market conditions, the Board has declared an unimputed interim dividend of 3 cents per
share, payable on 21 May 2025, with shareholders able to participate in the Dividend Reinvestment Plan
(DRP).
Impressions from the CEO:
Chief Executive Officer Mike Christman, who joined the company in October 2024, said
“I’ve had the opportunity to observe the business from a fresh perspective. Scott has real strengths with
market-leading technology, highly skilled and passionate people and our focus on a modular approach has
enabled margin improvement, this has provided positive momentum. Over the last five years there are many
positives with improved margins, increased service revenue mix and improved cashflow which has allowed
for strategic investment in the business and meaningful debt reduction.”
Scott is well-positioned for future growth, however, there are some key challenges we intend to focus on to
unlock more opportunities for Scott:
• Research & Development has largely been reactive — project based rather than guided by a long-
term, integrated roadmap – we must positively disrupt the market rather than follow.
• Sales have plateaued — an issue we need to structurally address – we need to create a stronger
forward order book.
• Customer proximity must improve — deeper engagement, stronger key account management, which
is essential for sustainable growth.
• We must increase detailed global market knowledge.
Mike said, “here at Scott, there are many things that we are doing well – improving the areas above will have
a positive impact on shareholder value and will allow us to move into the next stage of our growth journey.”
2030 Strategy Refresh:
“We are not yet where we want to be, but we are in the final stages of completing our long-term strategy
and a clear blueprint to get there. Once the strategy is finalized, I’m excited to share our vision with you”
The key pillars include:
• Customer First – deeply understanding and solving for our customers’ evolving needs.
• High Performing Team – aligned execution with long-term business goals.
• One Scott – a unified culture that empowers our global teams and drives scalable, sustainable
growth.
• Leading Edge Technology – focused innovation, driven by market insights, delivering scalable,
modular solutions.
More detail on the strategy refresh is to be provided at an upcoming Investor Day. This will mark a critical
step in starting to address our challenges and unlocking our long-term shareholder value. Watch the
results review and message from the CEO (https://vimeo.com/1075152839/53573a4bfe)

Outlook:
There is solid momentum heading into the next six months following a strong second quarter, recent large
project wins and increasing standard product sales.
The recent announcements on tariffs are expected to have a limited direct impact on Scott for FY25.
However, the more significant impact is the increasing uncertainty this will create and impact on businesses’
willingness to invest in capital equipment. While certain segments may experience headwinds, there is also
potential opportunities, particularly where our European and Asian competitors face higher tariff rates than
those applicable to our exports from New Zealand or Australia to the US.
The global shift towards nearshoring and regionalised supply chains is closely aligned with Scott’s strengths.
We are well-positioned to help customers build resilient, secure, and efficient supply chains through
automation, providing the capital remains available.
Additional specific sector detail is provided within the investor presentation.
ENDS


For more information, visit www.scottautomation.com or contact:


Mike Christman
Chief Executive Officer

+64 21 679 975
mike.christman@scottautomation.com
Media:
Eugene Afanasy
Communications Manager

+64 21 0852 4832
e.afanasy@scottautomation.com
About Scott
Scott delivers smart automation and robotic solutions that transform industries by making businesses safer,
more productive, and more efficient. Our diverse capability makes us the first choice for hundreds of the
world’s leading brands. With design and build operations across Australasia, China, Europe, and America and
over 110 years of engineering excellence, Scott is the global expert in automation.

Appendix
Sector Summary

Results Snapshot
$M

Revenue
HY25
Margin

%
HY24
Revenue Margin %
Materials Handling & Logistics 53.3 11.9 22% 62.7 12.1 19%
Minerals 23.4 8.1 35% 25.6 8.7 34%
Protein 30.5 10.6 35% 31.3 9.9 32%
Appliances
14.1
4.5 32% 19.2 6.6 35%
Rest of Business
0.4
0.1 35% 2.0 (0.3) -15%
Total 121.7 35.2 29% 140.9 37.0 26%

Materials Handling and Logistics
• Overall: revenue driven by timing of large projects is largely offset by improved margin.
• Europe & North America Palletisation: strong period in Europe partnering with key customers for
+50 projects. Timing of projects impacted North America.
• Transbotics: softer orders with customers delaying spend. Officially launched NexBot in Mar-25 with
positive feedback and two pre-orders.
• Margin %: improved margin performance due to good manufacturing efficiencies and improved
service mix.
• Forward work: remains strong at $88m, with ~$20m of JBS Brooks still to recognize across FY25 /
FY26.

Minerals
• Overall: decline in revenue following a record period in HY24 with large orders for MRL and
Caterpillar.
• Rocklabs Standard: strong unit sales for crushers & pulverisers, continued growth expected as
orders for parts increase.
• Modular: HY25 cycling MRL project and timing of securing new orders. Strategic key wins for Kinross
(Alaska) and Rio Tinto (Australia) provides momentum into H2.
• Energize: completion of the first phase of automated energy transfer systems (AETS) for Caterpillar.
• Margin %: improvement due to mix of standard products. Target for margins to trend back towards
40%.

Protein
• Overall: largely flat revenue in challenging environment. Strong margin improvement & momentum
of orders heading into H2.
• BladeStop: revenue is up +10% HY24 on higher service and parts revenue due to increase services
penetration and installed base.
• Lamb & Beef: slow start due to timing of orders but secured JBS Cobram Leap Primal system and 3 x
Loin Deboners.
• Poultry: completion of CostCo units during the period, challenging market conditions slow new
orders.
• Margin %: reflects execution on projects and increase mix of service and parts.

Appliances
• Overall: prior years included large projects for Sub-Zero and GE Appliances. HY25 includes the final
stages of Sub-Zero and the start of the record setting $20m Midea project in China.
• Forward work: +$20m provides a good base for H2.
• Margin %: solid margin performance attributable to the strategy of focusing on proven technology
and several key projects executed well.


Services and Aftermarket:
Service revenue accounted for 31% of total revenue, up from 26% in pcp. Service provided a strong base of
recurring revenue during a tough period for capital equipment purchases. Highlights included increased
service penetration for BladeStop and palletisation as installed base grows and value proposition improves.

---

HY25 RESULTS
INVESTOR PRESENTATION
16 April 2025
SCOTT TECHNOLOGY LIMITED

INVESTOR PRESENTATION
HY25 Half Year Results
Scott Technology Limited HY25 Results | 2
Mike Christman
Chief Executive Officer
Mark O’Malley
Chief Financial Officer
3
Key
Messages
16
Sector
Highlights
24
Closing
Comments
4
Impressions
From CEO
AGENDA
8
HY25
Performance
Anthony Wesney
Director of Transformation
21
Environmental,
Social & Governance

Scott Technology Limited HY25 Results | 3
•Strategy refresh: focusing on the customer and intimately understanding their needs
•Revenue slow down across sectors: driven by the lag impact of slow order in-take throughout FY24
•Cash flow positive: focus on working capital and normalising cash following some large anomalies
•Forward work now up: higher blendedmargin, positive for 2H25
•Outlook: momentum heading into 2H25 with recent large project wins. Uncertainty around global economy
Watch the result review and message from the CEO: HY25 CEO Message Video
Key messages
SUMMARY

IMPRESSIONS
FROM THE CEO
Scott Technology Limited HY25 Results | 4

Scott Technology Limited HY25 Results | 5
•Market leading technology with a truly global opportunity
•Highly skilled and passionate people
•Margin expansion and modular approach provide positive
momentum
•R&D has been project-to-project rather than a strategically
integrated roadmap
•Sales have plateaued, an issue that we need to
structurally address
•Clear need to deepen customer proximity through key
account management
Impressions from the CEO
SUMMARY

101.8
Scott Technology Limited HY25 Results | 6
What has changed when looking back five years
SUMMARY
HY20HY25ChangeCAGRComment
Net Margin %
18%29%
+11 p.p
Focus on cost out, scalable solutions and higher margin projects
Service revenue ($m)
$23$37
+61%+10%
Improved service penetration – further opportunity exists
Net Cash/(Debt) ($m)
($20)($13)
-34%-8%
Focus on capital management provided resilience to balance sheet
Operating cashflow ($m)
$0.9$14.5
+1511%+74%
Improved operating cashflow after some lumpy periods
Onerous Contracts ($m)
$6.5$0.0
-100%
Significant improvement in onerous contracts and reducing risk
Footprint sqm*
47,84354,989
+15%3%
Targeted investment in facilities with capacity for future growth
Revenue ($m)
$99$122
+20%+4%
Revenue plateaued, not in-line with growth aspirations
Forward work ($m)
$110$165
+50%+8%
Increased levels of forward work but a need to grow this further
Total Assets ($m)
$197$244
+24%+4%
Increase in working capital and investment in facilities
Employees
748629
-16%-3%
Changes following Covid and restructuring to align to core sectors
Share price
$2.00$2.00**
0%0%
Share price stagnant despite improvement across key metrics
*Excludes RobotWorx which ceased to operate in 2022.
** As at 10
th
April 2025

Scott Technology Limited HY25 Results | 7
2030 strategy refresh
SUMMARY
•Customers First: intimately understanding and solving
our customers needs
•One Scott: culture shift required to unlock potential
and foundation for sustainable growth globally
•Leading Edge Technology: through deep market
understanding, delivering transformative, scalable and
modular solutions
•High Performing Global Team: we take action that
supports long term goals.
Finalise group 2030 strategy refresh including detailed
market analysis, customer focused solutions and establish
a collaborativeculture:
More detail on strategy to be provided at our upcoming
Investor day

HY25
PERFORMANCE
Scott Technology Limited HY25 Results | 8

Scott Technology Limited HY25 Results | 9
Strong Q2 provides momentum for the
next six months – Q2 saw key project
wins, return to net cash positive and
posted two-thirds of HY25’s EBITDA.
The Scott executive team met to review
and align on long term strategy, targeting
a new 2030 strategy, details to be
presented at Investor Day.
Forward work remains positive with
$165m comprising a spread across all
sectors and at a higher margin mix than
the prior year.
A proactive safety culture continues to drive
engagement and improvement with an 83%
increase in safety conversations in HY25.
Strong growth runway fueled by innovative
products and scalable solutions, the launch of
NexBot, BladeStop T300 & K800 and
progressed key developments in Beef and
Lamb modules.
The Directors have recommended an
interim dividend of 3.0 cents per share
(unimputed). The dividend reinvestment
plan will apply.
HY25 Business Highlights
SUMMARY

HY25 Performance Snapshot
Scott Technology Limited HY25 Results | 10
$122M
31%
* HY24 operating EBITDA (excl. non-recurring costs) was $17m. HY25 & HY23 was $12m and $15m respectively, same as reported EBITDA.
** Forward Work represents contracted activity. It is not an indicator of revenue over a set period of time.
*** Underlying Earnings Per Share excludes non-recurring costs
$165M
29%
HY24 $141M +11%
HY24 26% +0 PTS | HY23 26% + 4 PTS
HY24 26% +4 PTS | HY23 26% +2 PTS
HY24 $161M - 13% | HY23 $184M + 39%
Service Revenue Contribution
Forward Work**
Group Margin Performance
HY25 Revenue
$12M
HY24* $14M - 3% | HY23* $15M + 20%
Reported EBITDA*
SUMMARY
- 14%
| HY23 $127M +11%
- 14%
+2%
+5 PTS
+3 PTS
3.0 cents
Dividends Per Share (Cents)
HY24 5.0
HY23 4.0
Underlying Earnings Per Share (Cents)
***
5.4 cents
HY24 8.5
HY23 9.8
HY25 Performance Snapshot

5 year Revenue
Revenue down on market conditions and soft order in-take through FY24
REVENUE
Scott Technology Limited HY25 Results | 11
•Revenue of $122m for HY25 in a challenging market and
timing of major projects and order in-take in prior periods
•Lag impact of lower orders and failure to sell enough
through FY24 primary driver for lower HY25 revenue
•Strong Q2 following securing recent new orders provides
momentum into 2H25
•Solid base of Service providing recurring revenue
75.4
86.7
93.3
104.3
84.4
23.4
27.1
33.2
36.6
37.3
98.9
113.8
126.5
140.9
121.7
HY21HY22HY23HY24HY25
CAGR
Service
12%
Projects &
Products
3%
Total
Revenue
5%

Forward work
Improved forward work but low orders in FY24 provided headwinds in HY25
FORWARD WORK AND ORDER IN-TAKE
Scott Technology Limited HY25 Results | 12
•Soft order in-take across FY24 and start of HY25 provided
primary challenges to revenue in the half
•Momentum returns to forward work with key contract wins
in HY25
•Improving order in-take in HY25 results in good levels of
utilization leading into 2H25
•Current forward work comprises a mix of higher margin work
111
119
122
172
165
179
135
136
139
4
9
10
19
19
16
26 24
26
115
128
132
191
184
195
161
160
165
HY21FY21HY22FY22HY23FY23HY24FY24HY25
Projects &
Products
ServiceOrder Intake
Soft order in-
take in FY24.
Increasing in
HY25

Revenue & EBITDA YoY Change
EBITDA performance over time
EBITDA
Scott Technology Limited HY25 Results | 13
Reported EBITDA
(0)
15
13
14
(19)
10
2
3
(0)
(2)
HY21HY22HY23HY24*HY25
Change in
Revenue
Change in
EBITDA
•Reduced EBITDA driven by top-line revenue, partly offset
by net margin improvement
•Upside of $0.4m from net change in total overheads
(includes a change in non-recurring costs)
•Cost controls in place while carefully investing in
foundational elements like a new ERP
•In July 2024, we exited Industrial Automation (loss
making) and restructured Appliances
•Going forward, we expect profits to improve as revenue
grows, with improved operating leverage (due to
restructured cost base and modular approach)
Note: HY21 was cycling loss making projects in HY20
* HY24 includes $2.5m of non-recurring costs related to the strategic review
meaning underlying EBITDA of $16.6m, resulting in HY25 being $4.4m lower
on a like for like basis
9.8
11.8
14.6
14.1
12.2
9.9%
10.4%
11.5%
10.0%
10.0%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
-
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
HY21HY22HY23HY24HY25
EBITDA
EBITDA %
of Revenue

Net Profit After Tax (NPAT)
NPAT remains in-line despite the downside in EBITDA
NET PROFIT
Scott Technology Limited HY25 Results | 14
4.5
(2.0)
0.6
(0.1)
0.3
1.0 4.3
HY24
NPAT
EBITDA
Depreciation &
Amortisation
Lease
Interests
Bank
Interests
Tax
HY25
NPAT
•A -14% decline in revenue was mitigated through
improved net margins and positive impacts below the
line
•Depreciation & Amortisation decrease as a result of
lower amortisation on intangible assets
•Lower tax as a result of lower net profit before tax and a
varying mix of regional profit generation

Operating Cashflow
Net Cash (Debt)
Significant cashflow improvement in the half following volatility
CASHFLOW AND NET DEBT
Scott Technology Limited HY25 Results | 15
Normalising operating cash position
•Significantly improved operating cash after cycling large cash
receipts and timing of builds in prior periods
•Capital management needs to take a long-term view due to
volatility that can occur with project timings
•A focus on controlling working capital and project cash flows
5.3
(8.8)
26.0
(7.7)
14.5
HY21HY22HY23HY24HY25
+6.2
+25.1
(7.4)
(9.1)
(11.6)
(12.4)
(13.3)
(13.4)
(2.9)
(12.9)
+12.8
(20.7)
(13.2)
HY21HY22HY23HY24HY25
Cash + ODTerm Debt
Improved total net debt position
•FY24 saw elevated investment in plant, equipment and
facilities to position for growth – lower levels planned in
FY25 ​
•Reduced bank interest with improved cash position and
cash paid in dividends​

SECTOR
HIGHLIGHTS
Scott Technology Limited HY25 Results | 16

Timing of key North American projects impacting top-line
MATERIALS HANDLING
Scott Technology Limited HY25 Results | 17
•Overall: revenue driven by the timing of large projects offset
by improved margin
•Europe & North America: Strong period in Europe partnering
with key customers for +50 projects. Timing of projects
impacted North America
•Transbotics: softer orders with customers delaying spend.
Officially launched NexBot in Mar-25 with positive feedback
•Margin %: improved margin performance due to good
manufacturing efficiencies and improved service mix
•Forward work remains strong at $88m, with ~$20m of JBS
Brooks is still to be recognize across FY25 / FY26
Revenue (NZ$m)
Margin (NZ$m)
Margin (%)
22%
19%
22%
29.6
38.7
39.2
7.7
15.0
7.2
9.1
9.0
6.9
34.0
33.5
46.5
62.7
53.3
HY21HY22HY23HY24HY25
Transbotics
US Palletisation
EU Palletisation
19%26%
9.0
6.3
10.4
12.1 11.9
HY21HY22HY23HY24HY25

MINERALS
Strong growth in standard products offset by softer Modular revenue
Scott Technology Limited HY25 Results | 18
•Overall: A decline of -9% in revenue following record period in
HY24
•Rocklabs standard: strong unit sales for crushers & pulverisers,
continued growth is expected as orders for parts increase
•Modular: HY25 cycling MRL project and timing of securing new
orders. Strategic key wins for Kinross (Alaska) and Rio Tinto
(Australia) provides momentum into 2H25
•Energize: Completion of the first phase of automated energy
transfer systems (AETS) for Caterpillar
•Margin %: improvement due to a mix of standard products. The
target is for margins to trend back towards 40%
Revenue (NZ$m)
Margin (NZ$m)
Margin (%)
46%34%
35%
15.6
16.4
19.3
1.2
6.1
3.4
0.2
3.1
0.7
12.7
18.2
17.0
25.6
23.4
HY21HY22HY23HY24HY25
Energize
Modular
Rocklabs Std
5.6
7.6 7.7 8.7 8.1
HY21HY22HY23HY24HY25
42%
44%

Momentum into 2H25 despite global macroeconomics challenges
PROTEIN
Scott Technology Limited HY25 Results | 19
•Overall: largely flat revenue in a challenging environment. Strong
margin improvement & momentum of orders heading into 2H25
•BladeStop: revenue is up +10% HY24 on higher service and parts
revenue due to increase services penetration and installed base
•Lamb & Beef: slow start due to timing of orders but secured JBS
Cobram Leap Primal system and 3 x Loin Deboners
•Poultry: completion of CostCo units during the period,
challenging market conditions slow new orders
•Margin %: reflects execution on projects and increase mix of
service and parts
Revenue (NZ$m)
Margin (NZ$m)
Margin (%)
36%
32%
35%
21.2
18.3
20.2
10.5
9.7
9.0
2.6
3.3
1.3
16.7
31.3
34.4
31.3
30.5
HY21HY22HY23HY24HY25
Poultry
Lamb & Beef
Bladestop
31%29%
4.8
9.7
12.2
9.9
10.6
HY21HY22HY23HY24HY25

Focus on proven technology delivers solid margin contribution at
APPLIANCE (and ROB)
Scott Technology Limited HY25 Results | 20
•Overall: quality of earnings has improved over time following
the successful exit of legacy businesses and focus on providing
proven technologies with lower risk to blue-chip customers
•Appliances: Prior years included large projects for Sub-Zero and
GE Appliances. HY25 includes the final stages of Sub-Zero and
the start of the record setting $20m Midea project in China
•Forward work: Of +$20m provides good base for 2H25
•ROB: included industrial automation (IA) and legacy mining
systems. Exited in stages, with final exit of IA in Australia in July
•Margin %: significant margin improvement over time
attributable to strategy and several key projects executed well
Revenue (NZ$m)
Margin (NZ$m)
Margin (%)
30%
9%
32%
5%
12%
9.3
10.4
18.5
19.2
14.1
26.1
20.3
10.2
35.4
30.7
28.6
21.2
14.5
HY21HY22HY23HY24HY25
ROB
Appliances
3.3
1.4
2.1
6.6
4.5
0.9
4.2
1.6
2.6
6.3
4.6
HY21HY22HY23HY24HY25

ENVIRONMENTAL, SOCIAL
AND GOVERNANCE
Scott Technology Limited HY25 Results | 21

Scott Technology Limited HY25 Results | 22
Sustainability Update
ENVIRONMENTAL SOCIAL & GOVERNACE
ESG Priorities
Employee
Retention &
Engagement
Employee
Safety &
Wellbeing
Diversity
& Inclusion
Governance
Customer
Experience
GHG EmissionsClimate Change
Sustainable
Procurement
Product
Innovation
People - Building an engaged,
diverse, and talented workforce.
First Sustainability
Report published
in November, our
inaugural report
outlines key ESG
initiatives and sets a
30% carbon reduction
target by 2030.
Record Employee
Engagement An 85%
survey participation rate
reflects strong employee
involvement.
Third year for Scott
Women in Engineering
scholarship, applications
now open.
Peer Recognition on the
rise as Values Awards
and SafeMate safety
program saw a surge in
nominations.
Double Materiality
supports alignment of
our sustainability focus
with what matters most
across our stakeholders.
Purpose - Growing profitable business
focused on long-term growth.
Place - Committed to promoting sustainable
practices for a better environment.

Proactive engagement drives high performance safety culture
HEALTH & SAFETY
Scott Technology Limited HY25 Results | 23
LTI
MTI
First Aid Injuries
EP&D / Near Miss
Hazards Reported
Management Conversations
HY24
Fatality
HY25
0
1
0
36
16
370
210
0
0
1
30
21
468
115
FY24
0
0
2
65
32
948
282
•Proactive Engagement: 83% increase in safety
conversations and Site Safety Walks, reflecting a strong
safety-first mindset.
•Global Collaboration: Continued progress in critical
risk management through cross-regional bowtie
workshops with Subject Matter Experts.
•Low Incident Rate: Low LTI and MTI incidents reported
in the last six months.
•Global Stop for Safety Event: 4th Stop for Safety held
worldwide, celebrating achievements and launching
Critical Controls for Mobile Plant.
•Employee Recognition: 32 nominations through the
Safe Mate Program in HY25, reinforcing a culture of
safety and peer recognition.
Health, Safety & Wellbeing Performance

CLOSING
COMMENTS
Scott Technology Limited HY25 Results | 24

Scott Technology Limited HY25 Results | 25
Outlook
•Solid momentum heading into 2H25 following a strong Q2, recent large project wins* and increasing standard product sales.
•The recent announcements on tariffs are expected to have a limited direct impact on Scott for FY25 however the more significant
impact is the increasing uncertainty this will create and impact on businesses’ willingness to invest in capital equipment.
•The global shift towards nearshoring and regionalized supply chains is closely aligned with Scott’s strengths. We are well-positioned
to help customers build resilient, secure, and efficient supply chains through automation providing the capital is available.
* Recent large project wins include JBS Cobram (Protein), Rio-Tinto (Minerals), Kinross (Minerals), Midea (Appliances), McCain, Ecofrost & Altho (MHL)
On a sector level:
•Materials handling – Focus on the food industry delivers a solid pipeline of opportunities into H2 for palletising in both Europe
and North America, despite the economic challenges. JBS Brooks commissioning and installation is to begin in 2H25.
•Minerals – Greenfield exploration remains constrained but Scott’s technology is well-placed to provide efficiency gains for
existing sites. Rio Tinto and Kinross modular projects progressing well with most of the build work to be completed in 2H25.
•Protein – ANZ beef & lamb market is growing confidence with outlook positive for 2025 / 2026. North American beef supply is
forecast to be soft - this could impact capital purchases in region. Solid order book for lamb portfolio, BladeStop unit sales remain
soft but T300 to provide potential upside.
•Appliances – The recent Midea project worth in total $20m continues with ex-works due in H2 and commissioning into FY26
CLOSING COMMENTS

Revenue has plateaued: an issue that we need to structurally address
Market leading technology: with a truly global opportunity
Culture shift required: to unlock potential and foundation for sustainable growth globally
Customer first: intimately understanding and solving our Customers needs
2030 strategy refresh: More detail on strategy to be provided at an Investor day
Outlook: Positive momentum heading into 2H25 despite near-term global economic uncertainty
Scott Technology Limited HY25 Results | 26
Strategy refresh required
CLOSING COMMENTS

THANK YOU
Scott Technology Limited HY25 Results | 27

---

SCOT T TECHNOLOGY LIMITED

Half Year
Report
2025





SCOT T TECHNOLOGY LIMITED

Half Year
Report
2025

Half Year Result 2025
1
Scott Technology Limited
Consolidated statement of comprehensive income
2
Consolidated statement of changes in equity
3
Consolidated balance sheet
4
Consolidated statement of cash flows
5
Notes to the consolidated financial statements
6
1. Summary of accounting policies
6
2. Revenue from contracts with customers7
3. Segment Information10
4. Note to the consolidated cash flow statement12
5. Financial instruments13
6. Contingent liabilities14
7. Related party transactions14
8.Non-recurring costs15
9.Subsequent events15
Statutory information
16
INDEX TO THE
FINANCIAL STATEMENTS
For the six months ended 28 February 2025

Half Year Result 2025
2
Scott Technology Limited
6 months
28 Feb 2025
6 months
29 Feb 2024
12 months
31 Aug 2024
(Unaudited)(Unaudited)(Audited)
Note
$'000s$'000s$'000s
Revenue2
121,747 140,868 276,125
Other operating income 651 1,242 2,541
Share of joint ventures’ net (loss) / surplus (81) (48) 63
Raw materials, consumables used and other expenses (67,731) (83,324) (163,799)
Employee benefits expense
(42,405) (42,151) (84,705)
OPERATING EARNINGS BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION, AND NON-RECURRING COSTS (OPERATING EBITDA)
12,181 16,587 30,225
Non-recurring costs8 - (2,448) (3,795)
OPERATING EARNINGS BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (EBITDA)
12,181 14,139 26,430
Interest revenue 216 38 373
Depreciation and amortisation (5,254) (5,889) (11,280)
Finance costs (2,192) (2,226) (4,557)
NET PROFIT BEFORE TAX 4,951 6,062 10,966
Taxation expense (638) (1,602) (3,249)
NET PROFIT FOR THE PERIOD AFTER TAX 4,313 4,460 7,717
Other Comprehensive Income/ (Loss)
Items that may be reclassified subsequently to profit or loss:
Movement in Foreign Currency Translation Reserve 5,580 (2,508) (2,803)
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD NET OF TAX 9,893 1,952 4,914
Net profit for the period after tax is attributable to:
Members of the parent entity (used in the calculation of earnings per share) 4,359 4,440 7,853
Non controlling interests (46) 20 (136)
4,313 4,460 7,717
Total comprehensive income is attributable to:
Members of the parent entity 9,939 1,932 5,050
Non controlling interests (46) 20 (136)
9,893 1,952 4,914
Earnings per share to shareholders from continuing operations
(weighted average shares on issue):
Cents
Per Share
Cents
Per Share
Cents
Per Share
Basic 5.4 5.5 9.7
Diluted 5.4 5.5 9.7
Net Tangible assets per ordinary share (at period end)
Basic 62.8 56.7 56.4
Diluted 62.8 56.7 56.4
For the six months ended 28 February 2025
CONSOLIDATED STATEMENT
OF COMPREHENSIVE INCOME

Half Year Result 2025
3
Scott Technology Limited
CONSOLIDATED STATEMENT
OF CHANGES IN EQUITY
Six Months Ended
28 February 2025 (Unaudited)
Fully Paid
Ordinary
Shares
Retained
Earnings
Foreign
Currency
Translation
Reserve
Non-
Controlling
InterestsTotal
(Unaudited)(Unaudited)(Unaudited)(Unaudited)(Unaudited)
$’000s$’000s$’000s$’000s$’000s
Balance at 31 August 2024 90,516 22,832 (1,119) (508) 111,721
Net profit for the period after tax - 4,359 - (46) 4,313
Other comprehensive income for the period net of tax - - 5,580 - 5,580
Dividends paid (3.0 cents per share) - (2,558) - - (2,558)
Issue of shares under dividend reinvestment plan 1,761 - - - 1,761
Balance at 28 February 2025 92,277 24,633 4,461 (554) 120,817
Six Months Ended
28 February 2024 (Unaudited)
Fully Paid
Ordinary
Shares
Retained
Earnings
Foreign
Currency
Translation
Reserve
Non-
Controlling
InterestsTotal
(Unaudited)(Unaudited)(Unaudited)(Unaudited)(Unaudited)
$’000s$’000s$’000s$’000s$’000s
Balance at 31 August 2023 90,162 22,425 1,684 (372) 113,899
Net profit for the period after tax - 4,440 - 20 4,460
Other comprehensive income for the period net of tax - - (2,508) - (2,508)
Dividends paid (4.0 cents per share) - (3,248) - - (3,248)
Issue of shares under dividend reinvestment plan - - - - -
Balance at 29 February 2024 90,162 23,617 (824) (352) 112,603
Twelve Months Ended
31 August 2024 (Audited)
Fully Paid
Ordinary
Shares
Retained
Earnings
Foreign
Currency
Translation
Reserve
Non-
Controlling
InterestsTotal
(Audited)(Audited)(Audited)(Audited)(Audited)
$’000s$’000s$’000s$’000s$’000s
Balance at 31 August 2023 90,162 22,425 1,684 (372) 113,899
Net profit for the period after tax - 7,853 - (136) 7,717
Other comprehensive income for the period net of tax - - (2,803) - (2,803)
Dividends paid (9.0 cents per share) - (7,446) - - (7,446)
Issue of shares under dividend reinvestment plan 354 - - - 354
Balance at 31 August 2024 90,516 22,832 (1,119) (508) 111,721
For the six months ended 28 February 2025

Half Year Result 2025
4
Scott Technology Limited
CONSOLIDATED BALANCE SHEET
28 Feb 202529 Feb 202431 Aug 2024
(Unaudited)(Unaudited)(Audited)
Note$’000s$’000s$’000s
Current assets
Cash and cash equivalents 12,315 13,489 11,674
Trade debtors 40,293 35,938 40,201
Other financial assets5 1,168 521 560
Sundry debtors 7,143 13,808 5,663
Inventories 37,055 36,298 36,869
Contract assets 27,973 38,425 30,634
TOTAL CURRENT ASSETS 125,947 138,479 125,601
Non-current assets
Property, plant and equipment 23,288 20,762 23,560
Investment in joint ventures 786 756 867
Other financial assets5 63 62 5
Sundry debtors 2,503 2,389 3,237
Goodwill 52,905 50,968 50,832
Deferred tax 3,607 3,457 2,761
Intangible assets 3,050 4,399 3,400
Development assets 9,628 7,720 8,855
Right of use assets 22,574 26,839 24,862
TOTAL NON-CURRENT ASSETS 118,404 117,352 118,379
TOTAL ASSETS 244,351 255,831 243,980
Current liabilities
Bank overdraft 12,066 20,875 18,999
Trade creditors and accruals 31,318 38,741 29,712
Lease liabilities 4,465 4,337 4,660
Other financial liabilities5 1,600 540 245
Contract liabilities 28,522 29,408 29,762
Employee entitlements 8,070 9,242 10,591
Provision for warranty 1,283 1,337 1,541
Taxation payable 1,523 355 1,194
Current portion of term loans 1,612 12,481 1,200
Onerous contracts provision 27 447 34
TOTAL CURRENT LIABILITIES 90,486 117,763 97,938
Non-current
liabilities
Other financial liabilities5 63 62 5
Employee entitlements 948 786 790
Lease liabilities 20,234 23,815 21,987
Term loans 11,803 802 11,539
TOTAL NON-CURRENT LIABILITIES 33,048 25,465 34,321
Equity
Share capital 92,277 90,162 90,516
Retained earnings 24,633 23,617 22,832
Foreign currency translation reserve 4,461 (824) (1,119)
Equity attributable to equity holders of the parent 121,371 112,955 112,229
Non-controlling interests (554) (352) (508)
TOTAL EQUITY 120,817 112,603 111,721
TOTAL LIABILITIES AND EQUITY 244,351 255,831 243,980
As at 28 February 2025

Half Year Result 2025
5
Scott Technology Limited
28 Feb 202529 Feb 202431 Aug 2024
(Unaudited)(Unaudited)(Audited)
Note
$’000s$’000s$’000s
Cash Flows From Operating Activities
Cash was provided from / (applied to):
Receipts from operations 123,507 129,081 270,680
Interest received 216 38 374
Payments to suppliers and employees (108,038) (133,400) (261,586)
Taxation paid (1,155) (3,438) (3,496)
Net cash inflow / (outflow) from operating activities4 14,530 (7,719) 5,972
Cash Flows From Investing Activities
Cash was (applied to) / provided from:
Purchase of property, plant, equipment and intangible assets (1,120) (4,806) (8,953)
Sale of property, plant and equipment 87 322 440
Purchase of development asset (753) (267) (1,384)
Net cash outflow from investing activities (1,786) (4,751) (9,897)
Cash Flows From Financing Activities
Cash was (applied to) / provided from:
Repayment of borrowings (2,029) (1,047) (3,710)
Dividends paid (less amount reinvested the dividend reinvestment scheme) (798) (3,248) (7,093)
Proceeds from borrowings 2,282 1,994 4,202
Lease payments (2,451) (2,102) (4,556)
Interest paid (2,174) (2,909) (4,639)
Net cash outflow from financing activities (5,170) (7,312) (15,796)
Net increase / (decrease) in cash held 7,574 (19,782) (19,721)
Add cash and cash equivalents at start of period (7,325) 12,396 12,396
Balance at end of period 249 (7,386) (7,325)
Comprised of:
Cash and cash equivalents 12,315 13,489 11,674
Bank overdraft (12,066) (20,875) (18,999)
249 (7,386) (7,325)
CONSOLIDATED STATEMENT
OF CASH FLOWS
For the six months ended 28 February 2025

Half Year Result 2025
6
Scott Technology Limited
Interim Financial Statements should be read in conjunction with
the policies disclosed in the annual financial statements.
The Group has adopted all mandatory new and amended
standards and interpretations. None had a material impact on
these financial statements.
There are no new or amended standards that are issued but not
yet effective that are expected to have a material impact on the
Group.
RECLASSIFICATIONS
Segments and Cash Generating Units (CGU's)
The previously reported segments and CGUs of New Zealand and
Australia have been split in the second half the 2024 financial
year, into the new segments and CGUs of New Zealand, Australia
and Rocklabs.
As a result of a number of changes in the Executive and
Leadership Teams in 2024, the responsibilities of the global team
were updated to align with the revised Group structure and
associated responsiblities. Regional Directors have oversight and
responsibility for the redefined segments and CGUs of
New Zealand, Rocklabs, Australia, Europe, USA and China. All
internal reporting has been aligned to these revised segments
and CGUs. The monitoring of cash inflows has also been aligned
due to changes in the grouping of assets resulting in a new
Rocklabs asset group that is independent of the other CGU's.
As a result of the split of New Zealand and Australia into
New Zealand, Rocklabs and Australia, the 2024 reported
segments and CGUs of New Zealand and Australia have been split
out in Notes 2 Revenue and 3 Segment information in order to
report comparative figures for the new segments and CGUs of
New Zealand, Australia and Rocklabs.
AUDIT
The Interim Financial Statements for the six months ended 28
February 2025 are unaudited. Comparative balances for the six
months ended 29 February 2024 are also unaudited, whilst the
comparative balances for the 12 months ended 31 August 2024
are audited.
AUTHORISATION
The Interim Financial Statements were authorised by the Board
of Directors on 16 April 2025. The annual financial statements
for the year ended 31 August 2024 were authorised by the Board
of Directors on 17 October 2024.
STATEMENT OF COMPLIANCE
The unaudited interim consolidated financial statements (Interim
Financial Statements) presented are those of Scott Technology
Limited (“Company”) and its subsidiaries (“Group”).
The Company is profit oriented entity, registered in New Zealand
under the Companies Act 1993 and is a reporting entity for
the purposes of the Financial Markets Conduct Act 2013 and
its annual financial statements comply with these Acts. The
Company is listed with NZX Limited and its ordinary shares are
quoted on the NZX Main Board.
The Group’s principal activities are the design, manufacture,
sales and servicing of automated and robotic production lines
and processes for a wide variety of industries in New Zealand
and abroad.
BASIS OF PREPARATION
The Interim Financial Statements have been prepared in
accordance with the requirements of the NZX Listing Rules.
The Interim Financial Statements have been prepared in
accordance with Generally Accepted Accounting Practice in
New Zealand (“NZ GAAP”). The Interim Financial Statements
also comply with IAS 34 “Interim Financial Reporting” and other
applicable financial reporting standards as appropriate for profit
orientated entities. They also comply with International Financial
Reporting Standards ("IFRS").
The Interim Financial Statements have been prepared on the
basis of historical cost, except where otherwise identified. The
presentation currency used in the preparation of the financial
statements is New Zealand dollars and all values are rounded to
the nearest thousand dollars ($000).
NON-GAAP FINANCIAL INFORMATION
The Group uses earnings / (loss) before interest, tax, depreciation
and amortisation, and one-off costs (Operating EBITDA), earnings
/ (loss) before interest, tax, depreciation and amortisation
(EBITDA), and Net Tangible Assets per ordinary shares, to
describe financial performance as it considers these line items
provide a better measure of underlying business performance.
These non-GAAP measures do not have a standard meaning
prescribed by GAAP and therefore may not be compatible to
similarly titled amounts reported by other entities.
ACCOUNTING POLICIES
All accounting policies have been applied on a basis consistent
with those used in the audited financial statements of Scott
Technology Limited for the year ended 31 August 2024. These
For the six months ended 28 February 2025
1. SUMMARY OF ACCOUNTING POLICIES
NOTES TO AND FORMING PART OF THE
CONSOLIDATED FINANCIAL STATEMENTS

Half Year Result 2025
7
Scott Technology Limited
2. REVENUE FROM CONTRACTS WITH CUSTOMERS
The Group derives revenue from contracts with customers from the transfer of goods and services over time and at a point in
time in the following major geographic manufacturing regions (segments) and revenue streams.

Six months ended
28 February 2025
(Unaudited)
ProteinMinerals
Materials
Handling
Rest of
Business Total
$’000s$’000s $’000s $’000s
$’000s
New Zealand
manufacturing
Sales
2,288 - - - 2,288
Service
1,222 - 394 402 2,018
Revenue from external customers
3,510 - 3944024,306
Timing of revenue recognition
- Over time
2,162 - -
- 2,162
- At a point in time
1,348 - 394 402 2,144
3,510 - 394 402 4,306
Rocklabs
manufacturing
Sales
- 16,727 - - 16,727
Service
- 5,976 - - 5,976
Revenue from external customers
- 22,703 - - 22,703
Timing of revenue recognition
- Over time
- 3,445 - - 3,445
- At a point in time
- 19,258 - - 19,258
- 22,703 - - 22,703
Australia
manufacturing
Sales
4,792 - - 296 5,088
Service
5,378 - 719 - 6,097
Revenue from external customers
10,170 - 719 29611,185
Timing of revenue recognition
- Over time
2,996 - - 296 3,292
- At a point in time
7,174 - 719 - 7,893
10,170 - 719 296 11,185
Americas
manufacturing
Sales
3,939667 10,669 4,564 19,839
Service
6,40170 3,401 - 9,872
Revenue from external customers
10,34073714,0704,56429,711
Timing of revenue recognition
- Over time
760 667 10,669 4,564 16,660
- At a point in time
9,580 70 3,401 - 13,051
10,340 737 14,070 4,564 29,711
Europe
manufacturing
Sales
4,303 - 27,469 918 32,690
Service
2,090 - 10,641 627 13,358
Revenue from external customers
6,393 - 38,1101,54546,048
Timing of revenue recognition
- Over time
- - 27,469 918 28,387
- At a point in time
6,393 - 10,641 627 17,661
6,393 - 38,110 1,545 46,048
China
manufacturing
Sales
- - - 7,794 7,794
Service
- - - - -
Revenue from external customers
- - - 7,7947,794
Timing of revenue recognition
- Over time
- - - 7,794 7,794
- At a point in time
- - - - -
- - - 7,794 7,794
Total
manufacturing
Sales
15,32217,39438,13813,57284,426
Service
15,0916,04615,1551,02937,321
Revenue from external customers
30,41323,44053,29314,601 121,747
Timing of revenue recognition
- Over time
5,9184,112
38,138
13,572 61,740
- At a point in time
24,49519,328
15,155
1,029 60,007
30,413 23,440 53,29314,601 121,747
For the six months ended 28 February 2025
Notes to and forming part of the consolidated financial statements continued

Half Year Result 2025
8
Scott Technology Limited
Six months ended 29 February 2024
(Unaudited) (Restated)
ProteinMinerals
Materials
Handling
Rest of
Business Total
$’000s$’000s $’000s $’000s
$’000s
New Zealand
manufacturing
Sales
3,580 - 2,473 1 6,054
Service
2,893 - 253 1,030 4,176
Revenue from external customers
6,473 - 2,7261,031 10,230
Timing of revenue recognition
- Over time
3,283 - 2,473
1 5,757
- At a point in time
3,190 - 253 1,030 4,473
6,473 - 2,726 1,031 10,230
Rocklabs
manufacturing
Sales
- 16,347 - - 16,347
Service
- 6,089 - - 6,089
Revenue from external customers
- 22,436 - - 22,436
Timing of revenue recognition
- Over time
- 6,116 - - 6,116
- At a point in time
- 16,320 - - 16,320
- 22,436 - - 22,436
Australia
manufacturing
Sales
4,354 - - 1,100 5,454
Service
5,296 - - 870 6,166
Revenue from external customers
9,650 - - 1,970 11,620
Timing of revenue recognition
- Over time
1,786 - - 1,100 2,886
- At a point in time
7,864 - - 870 8,734
9,650 - - 1,970 11,620
Americas
manufacturing
Sales
5,7573,144 20,179 9,874 38,954
Service
5,18754 3,823 - 9,064
Revenue from external customers
10,9443,19824,0029,874 48,018
Timing of revenue recognition
- Over time
2,789 3,144 20,179 9,874 35,986
- At a point in time
8,155 54 3,823 - 12,032
10,944 3,198 24,002 9,874 48,018
Europe
manufacturing
Sales
2,423 - 27,239 1,713 31,375
Service
1,846 - 8,740 483 11,069
Revenue from external customers
4,269 - 35,979 2,196 42,444
Timing of revenue recognition
- Over time
- - 27,239 1,713 28,952
- At a point in time
4,269 - 8,740 483 13,492
4,269 - 35,979 2,196 42,444
China
manufacturing
Sales
- - - 6,120 6,120
Service
- - - - -
Revenue from external customers
- - - 6,120 6,120
Timing of revenue recognition
- Over time
- - - 6,120 6,120
- At a point in time
- - - - -
- - - 6,120 6,120
Total
manufacturing
Sales
16,11419,49149,89118,808104,304
Service
15,2226,14312,8162,38336,564
Revenue from external customers
31,33625,63462,70721,191 140,868
Timing of revenue recognition
- Over time
7,8589,260
49,891
18,808 85,817
- At a point in time
23,47816,374
12,816
2,383 55,051
31,336 25,634 62,70721,191 140,868
2. Revenue from contracts with customers continued
For the six months ended 28 February 2025
Notes to and forming part of the consolidated financial statements continued

Half Year Result 2025
9
Scott Technology Limited
Year Ended 31 August 2024
(audited)
ProteinMinerals
Materials
Handling
Rest of
Business Total
$’000s$’000s $’000s $’000s
$’000s
New Zealand
manufacturing
Sales5,712 - 2,473 1 8,186
Service6,4288 836 2,805 10,077
Revenue from external customers 12,140 8 3,309 2,806 18,263
Timing of revenue recognition
- Over time 5,166 - 2,473 1 7,640
- At a point in time 6,974 8 836 2,805 10,623
12,140 8 3,309 2,806 18,263
Rocklabs
manufacturing
Sales - 30,833 - - 30,833
Service - 12,544 - - 12,544
Revenue from external customers - 43,377 - - 43,377
Timing of revenue recognition
- Over time - 8,409 - - 8,409
- At a point in time - 34,968 - - 34,968
- 43,377 - - 43,377
Australia
manufacturing
Sales7,395 - - 1,652 9,047
Service9,493 - - 2,306 11,799
Revenue from external customers 16,888 - - 3,958 20,846
Timing of revenue recognition
- Over time 2,872 - - 1,652 4,524
- At a point in time 14,016 - - 2,306 16,322
16,888 - - 3,958 20,846
Americas
manufacturing
Sales10,391 5,221 42,367 16,537 74,516
Service10,656 235 7,710 4 18,605
Revenue from external customers 21,047 5,456 50,077 16,541 93,121
Timing of revenue recognition
- Over time4,482 5,221 42,367 16,537 68,607
- At a point in time16,565 235 7,710 4 24,514
21,047 5,456 50,077 16,541 93,121
Europe
manufacturing
Sales6,094 - 54,583 3,193 63,870
Service3,727 - 19,375 1,258 24,360
Revenue from external customers9,821 - 73,958 4,451 88,230
Timing of revenue recognition
- Over time - - 54,583 3,193 57,776
- At a point in time 9,821 - 19,375 1,258 30,454
9,821 - 73,958 4,451 88,230
China
manufacturing
Sales - - - 12,288 12,288
Service - - - - -
Revenue from external customers - - - 12,288 12,288
Timing of revenue recognition
- Over time - - - 12,288 12,288
- At a point in time - - - - -
- - - 12,288 12,288
Total
manufacturing
Sales29,59236,05499,42333,671198,740
Service30,30412,78727,9216,37377,385
Revenue from external customers59,89648,841127,34440,044 276,125
Timing of revenue recognition
- Over time12,520 13,630 99,423 33,671 159,244
- At a point in time47,376 35,211 27,921 6,373 116,881
59,896 48,841 127,344 40,044 276,125
2. Revenue from contracts with customers continued
For the six months ended 28 February 2025
Notes to and forming part of the consolidated financial statements continued

Half Year Result 2025
10
Scott Technology Limited
The Group’s reportable segments under NZ IFRS 8 are:
• New Zealand Manufacturing
• Rocklabs Manufacturing
• Australia Manufacturing
• Americas Manufacturing
• Europe Manufacturing
• China Manufacturing
Information regarding the Group’s reporting segments is presented below.
3. SEGMENT INFORMATION
Segment revenues and results
The following is an analysis of the Group’s revenue and results by reportable segment. For the purposes of NZ IFRS 8,
allocations are based on the operating results by segment. The Group does not allocate certain resources (such as senior
executive management time) and central administration costs by segment for internal reporting purposes as these allocations
would not result in a meaningful and comparable measure of profitability by segment.
Six months Ended
28 February 2025
(Unaudited)
Manufacturing
New Zealand Rocklabs AustraliaAmericas Europe China Unallocated Elimination Total
$’000s $’000s $’000s $’000s $’000s $’000s $’000s $’000s $’000s
Revenue from contracts with customers
Total revenue from
contracts with customers
4,305 22,703 11,185 29,712 46,048 7,794 - - 121,747
Inter-segment revenue
1,925 1,155 3,846 35 5,988 686 - (13,635) -
Segment Revenue
6,230 23,858 15,031 29,747 52,036 8,480 - (13,635) 121,747
Segment profit / (loss)
2,351 6,059 1,112 776 6,854 1,008 - - 18,160
Depreciation and amortisation
(423) (917) (1,226) (393) (1,823) (81) (391) - (5,254)
Share of net surplus in joint ventures
(81) - - - - - - - (81)
Interest revenue
178 - 8 - 8 22 - - 216
Central administration costs
- - - - - - (5,898) - (5,898)
Finance costs
(411) (472) (97) (127) (252) - (833) - (2,192)
Net profit / (loss) before taxation
1,614 4,670 (203) 256 4,787 949 (7,122) - 4,951
Taxation (expense) / benefit
671 - 64 (9) (1,124) (240) - - (638)
Net profit / (loss) after taxation
2,285 4,670 (139) 247 3,663 709 (7,122) - 4,313
For the six months ended 28 February 2025
Notes to and forming part of the consolidated financial statements continued

Half Year Result 2025
11
Scott Technology Limited
Revenue reported above represents revenue generated from external customers. Inter-segment sales, which
are eliminated on consolidation, were $13.6 million for the six months ended 28 February 2025, (six months
ended 29 February 2024: $17.5 million; twelve months ended 31 August 2024: $37.7 million).
The accounting policies of the reportable segments are the same as the Group’s accounting policies described
in Note 1. Segment profit represents the profit earned by each segment without allocation of central
administration costs and investment revenue.
Six months Ended
29 February 2024
(Unaudited)
Manufacturing
New Zealand Rocklabs AustraliaAmericas Europe China Unallocated Elimination Total
$’000s $’000s $’000s $’000s $’000s $’000s $’000s $’000s $’000s
Revenue from contracts with customers
Total revenue from
contracts with customers
10,229 22,437 11,619 48,019 42,444 6,120 - - 140,868
Inter-segment revenue
5,837 1,230 3,143 591 5,390 1,264 - (17,455) -
Segment Revenue
16,066 23,667 14,762 48,610 47,834 7,384 - (17,455) 140,868
Segment profit / (loss)
10,607 5,793 47 998 6,186 1,489 - - 25,120
Depreciation and amortisation
(414) (823) (1,966) (305) (1,852) (79) (450) - (5,889)
Share of net surplus in joint ventures
(48) - - - - - - - (48)
Interest revenue
- - 4 - - 22 12 - 38
Central administration costs
- - - - - - (10,933) - (10,933)
Finance costs
(435) (343) (58) (44) (252) - (1,094) - (2,226)
Net profit/(loss) before taxation
9,710 4,627 (1,973) 649 4,082 1,432 (12,465) - 6,062
Taxation (expense)/benefit
(1,373) - 588 133 (813) (137) - - (1,602)
Net profit / (loss) after taxation
8,337 4,627 (1,385) 782 3,269 1,295 (12,465) - 4,460
12 months ended
31 August 2024
(audited)
Manufacturing
New Zealand Rocklabs AustraliaAmericas Europe China Unallocated Elimination Total
$’000s $’000s $’000s $’000s $’000s $’000s $’000s $’000s $’000s
Revenue from contracts with customers
Total revenue from
contracts with customers
18,263 43,377 20,846 93,121 88,230 12,288 - - 276,125
Inter-segment revenue
12,229 2,480 7,273 783 12,552 2,372 - (37,689) -
Segment Revenue
30,492 45,857 28,119 93,904 100,782 14,660 - (37,689) 276,125
Segment profit
18,197 10,315 65 1,934 13,073 3,216 - - 46,800
Depreciation and amortisation
(840) (1,686) (3,791) (790) (3,814) (145) (214) - (11,280)
Share of net surplus in joint ventures
63 - - - - - - - 63
Interest revenue
- - 215 156 (91) 156 (63) - 373
Central administration costs
- - - - - - (20,433) - (20,433)
Finance costs
(926) (834) (165) (196) (516) - (1,920) - (4,557)
Net profit/(loss) before taxation
16,494 7,795 (3,676) 1,104 8,652 3,227 (22,630) - 10,966
Taxation (expense)/benefit
(869) 76 535 (752) (1,949) (290) - - (3,249)
Net profit / (loss) after taxation
15,625 7,871 (3,141) 352 6,703 2,937 (22,630) - 7,717
3. Segment information continued
For the six months ended 28 February 2025
Notes to and forming part of the consolidated financial statements continued

Half Year Result 2025
12
Scott Technology Limited
28 Feb 202529 Feb 202431 Aug 2024
(Unaudited)(Unaudited)(Audited)
$’000s$’000s$’000s
Net profit for the period 4,313 4,460 7,717
Adjustments for non-cash items and non operating activities:
Depreciation and amortisation 5,254 5,889 11,280
Net gain on sale of property, plant and equipment (31) (21) (124)
Deferred tax (846) (545) 151
Share of net surplus of joint ventures and associates 81 48 (63)
Finance Costs 2,192 2,196 4,638
6,650 7,567 15,882
(Less) / add movement in working capital:
Trade debtors (92) 7,701 3,438
Other financial assets – derivatives (666) 836 854
Sundry debtors (746) (2,520) 4,777
Receivable from JV - - 431
Inventories (186) 1,953 1,382
Contract assets 2,661 (4,184) 3,607
Contract liabilities (1,240) (16,046) (15,692)
Onerous contract provision (7) (614) (1,027)
Taxation payable 329 (1,291) (452)
Trade creditors and accruals 1,606 (559) (9,588)
Other financial liabilities – derivatives 1,413 (1,222) (1,574)
Employee entitlements (2,363) (3,582) (2,229)
Provision for warranty (258) (37) 167
451 (19,565) (15,906)
Movements in working capital disclosed in investing/financing activities:
Movement in foreign exchange translation reserve
relating to working capital
3,116 (181) (1,721)
Net cash inflow / (outflow) from operating activities 14,530 (7,719) 5,972
4. NOTE TO THE CONSOLIDATED CASH FLOW STATEMENT
For the six months ended 28 February 2025
Notes to and forming part of the consolidated financial statements continued

Half Year Result 2025
13
Scott Technology Limited
5. FINANCIAL INSTRUMENTS
For the six months ended 28 February 2025
Notes to and forming part of the consolidated financial statements continued
6 months6 months12 months
28 Feb 202529 Feb 202431 Aug 2024
Assets
(Unaudited)(Unaudited)(Audited)
$’000s$’000s$’000s
At fair value:
Fair value hedge of open firm commitments
1,231 262 6
Foreign currency forward contracts held as effective fair value hedges
- 279 244
Foreign exchange derivatives
- 42 315
1,231 583 565
Represented by:
Current financial assets 1,168
521 560
Non current financial assets 63
62 5
1,231
583 565
Liabilities
At fair value:
Fair value hedge of open firm commitments - 279 244
Foreign currency forward contracts held as effective fair value hedges 1,231 262 6
Foreign exchange derivatives 432 61 -
1,663 602 250
Represented by:
Current financial liabilities
1,600 540 245
Non current financial liabilities
63 62 5
1,663 602 250
The Group has categorised these derivatives, both financial assets and financial liabilities, as Level 2 under the
fair value hierarchy contained within NZ IFRS-13.
The fair value of foreign currency forward exchange contracts is determined using a discounted cashflow
valuation. Key inputs include observable forward exchange rates, at the measurement date, with the resulting
value discounted back to present values.
There have been no changes in valuation techniques used for foreign currency forward exchange contracts
during the current reporting period.
There were no transfers between fair value hierarchy levels during either the current or prior periods.
The fair value of financial instruments not already measured at fair value approximates their carrying value.
The fair value of foreign exchange contracts outstanding is recognised as other financial assets/liabilities.

The Group enters into foreign currency forward exchange contracts to hedge trading transactions, including
anticipated transactions, denominated in foreign currencies.
Derivatives are initially recognised at fair value on the date the derivative contract is entered into and are
subsequently re-measured to their fair value at each reporting date. The resulting gain or loss is recognised in
profit or loss unless the derivative is designated and effective as a hedging instrument, in which event, the timing
of the recognition depends on the nature of the hedge relationship.
The Group designates certain derivatives as hedges of the fair value of firm commitments (fair value hedge) or
as hedges of forecast future sales (cash flow hedge). Open firm commitments reflect contractual agreements to
provide goods to customers at an agreed price denominated in a foreign currency on specified future dates.

Half Year Result 2025
14
Scott Technology Limited
For the six months ended 28 February 2025
Notes to and forming part of the consolidated financial statements continued
6. CONTINGENT LIABILITIES
6 months6 months12 months
28 Feb 202529 Feb 202431 Aug 2024
(Unaudited)(Unaudited)(Audited)
$’000s$’000s$’000s
Payment guarantees and performance bonds
13,116 17,011 15,165
Stock Exchange bond
75 75 75
Maximum contract penalty clause exposure
4,197 7,587 3,942
7. RELATED PARTY TRANSACTIONS
6 months6 months12 months
28 Feb 202529 Feb 202431 Aug 2024
Joint Ventures
(Unaudited)(Unaudited)(Audited)
$’000s$’000s$’000s
Project work undertaken by the Group for RTL
328 294 671
Administration, sales and marketing fees charged by the Group to RTL
184 160 239
Sales revenue received by RTL from the Group
83 - 798
Substantial Shareholders
JBS Australia Pty Ltd owns a 53.20% shareholding in Scott Technology Limited (29 February 2024: 53.05%;
31 August 2024: 52.95%). The Group has recognised sales to JBS companies of $11.6 million (29 February
2024:$8.2 million; 31 August 2024: $24 million) and has made purchases from JBS Companies of $nil (29
February 2024: $nil; 31 August 2024: $nil). As at balance date the Group had $2.9 million receivable from JBS
Companies (29 February 2023: $1.9 million; 31 August 2024: $2.2 million).
Dividends paid to JBS amounted to $1.3 million (29 February 2024: $1.7 million; 31 August 2024: $3.9 million).
Dividends paid 28 February 2025 were reinvested in Scott Technology Limited under a dividend reinvestment
plan. Dividends paid 29 February 2024 and 31 August 2024 were paid in cash.
Payment guarantees are provided to customers in respect of advance payments received by the Group for
contract work in progress, while performance bonds are provided to some customers for a period of up to one
year from final acceptance of the equipment.
Scott Technology Limited has a payment bond to the value of $75,000 (29 February 2024: $75,000; 31 August
2024: $75,000) in place with ANZ Bank New Zealand Limited in favour of the New Zealand Stock Exchange.
The Group has exposure to penalty clauses on its projects. These clauses relate to delivery criteria and are
becoming increasingly common in international contractual agreements. There is a clearly defined sequence of
events that needs to occur before penalty clauses are imposed.

Half Year Result 2025
15
Scott Technology Limited
For the six months ended 28 February 2025
Notes to and forming part of the consolidated financial statements continued
8. NON-RECURRING COSTS
9. SUBSEQUENT EVENTS
On 15 June 2023 Scott advised the share market that after discussions with the majority shareholder JBS,
it intended to undertake a strategic review of its ownership structure, with the view to exploring options to
maximise value for all shareholders. Scott engaged Macquarie Capital as financial advisor to assist with the
strategic review. As Scott advised the market on the 13th of November 2023, the strategic review would not
continue further at this time. The costs associated with the strategic review have been included on a separate line
as they are one off in nature and do not represent the trading position of the Group. In 2025, no further cost were
incurred (six months ended 29 February 2024: $2.5 million; twelve months ended 31 August 2024: $2.5 million).
Review of Appliance Market
During July 2024, a consultation was undertaken on the future of Scott's Appliance market. The outcome of this
consultation was commenced in July, with Scott refocusing appliance manufacturing into its China operations.
This resulted in job losses in the Christchurch facilty.
This process resulted costs redundency costs of $1.0m in 2024. The process was concluded in August 2024 and
all of the costs associated with this process being included in 2024.
Review of Industrial Automation Market
During July 2024, a consultation was undertaken on the future of Scott supplying the Industrial Automation
market in Australia. The outcome of this consultation was completed in July, with Scott withdrawing from this
market. This resulted in job losses in the Australian business.
This process resulted in redundency costs of $0.3m in 2024. The process was concluded in August 2024 and all
of the costs associated with this process being included in 2024.
No other matters or circumstances have arisen since the end of the period which have significantly
affected or may significantly affect the operations, the results of operations or the state of affairs of the
Group in subsequent periods.
The Board has resolved to pay an interim dividend for the six months ended 28 February 2025 of 3 cents
per share (29 February 2024: 5 cents per share; 31 August 2024: 3 cents per share).

Half Year Result 2025
16
Scott Technology Limited
Name of EntityBalance Date
Country of
Incorporation
Ownership Interest &
Voting Rights
20252024
%%
Parent Entity
Scott Technology Limited 31 AugustNew Zealandn/an/a
New Zealand Trading Subsidiaries
Scott Technology NZ Limited31 AugustNew Zealand100100
Scott Automation Limited31 AugustNew Zealand100100
Scott Technology USA Limited31 AugustNew Zealand100100
QMT General Partner Limited31 AugustNew Zealand9393
QMT New Zealand Limited Partnership31 AugustNew Zealand9292
Scott Technology Americas Limited31 AugustNew Zealand100100
Scott Technology Europe Limited31 AugustNew Zealand100100
New Zealand Non Trading Subsidiaries
Scott LED Limited31 AugustNew Zealand100100
Rocklabs Limited 31 AugustNew Zealand100100
Overseas Subsidiaries
Scott Technology Australia Pty Ltd 31 AugustAustralia100100
Scott Automation & Robotics Pty Ltd 31 AugustAustralia100100
Scott Systems International Incorporated 31 AugustUSA100100
Scott Systems (Qingdao) Co Limited 31 December (*)China9595
Scott Technology GmbH 31 AugustGermany100100
Scott Technology Belgium bvba 31 AugustBelgium100100
Scott Automation NV 31 AugustBelgium100100
Scott Automation a.s. 31 AugustCzech Republic100100
Scott Automation SAS 31 AugustFrance100100
Scott Automation Limited 31 AugustUnited Kingdom100100
Normaclass 31 AugustFrance100100
Rivercan S.A. 31 December (*)Uruguay100100
(*) Determined by local regulatory requirements.
STATUTORY INFORMATION
For the six months ended 28 February 2025
SUBSIDIARIES

Half Year Result 2025
17
Scott Technology Limited
DIRECTORS
EXECUTIVES’ DETAILS
DIRECTORY
Stuart McLauchlan Chairman and Independent Director
John Thorman Independent Director and Audit Committee Chair
Derek Charge Independent Director
Alan Byers Director
Brent Eastwood Director
John Berry Director
Penny Ford Emerging Director
Mike Christman Chief Executive Officer
Mark O'Malley Chief Financial Officer
The details of the company’s principal administrative and
registered office in New Zealand is:
Registred Office
630 Kaikorai Valley Road
Private Bag 1960
Dunedin 9054
New Zealand
Share Registry
MUFG Corporate Markets
Level 30, PwC Tower
15 Customs Street West
Auckland 1110
+64 9 375 5998
+64 3 375 5990 (fax)
enquiries@linkmarketservices.co.nz
For the six months ended 28 February 2025
Statutory Information continued

SCOT T TECHNOLOGY LIMITED

Half Year
Report
2025

---

Results announcement
(for Equity Security issuer/Equity and Debt Security issuer)
Updated as at June 2023


Please do not amend or delete individual rows. As this template relates to prescribed content, changes to content
should only be made where it is clearly indicated that this is permitted, otherwise, if an Issuer considers a particular
element does not apply, mark the row as N/A, Any other changes to this prescribed form must first be approved by
NZX as required under NZX Listing Rule 3.26.1.

Results for announcement to the market
Name of issuer Scott Technology Ltd
Reporting Period 6 months to 28 February 2025
Previous Reporting Period 6 months to 29 February 2024
Currency NZD
Amount (000s) Percentage change
Revenue from continuing
operations
$121,747 (14%)
Total Revenue $122,317 (14%)
Net profit/(loss) from
continuing operations
$4,313 -
Total net profit/(loss) $4,313 -
Interim/Final Dividend
Amount per Quoted Equity
Security
$0.03000000
Imputed amount per Quoted
Equity Security
$0.00000000
Record Date 6 May 2025
Dividend Payment Date 21 May 2025
Current period Prior comparable period
Net tangible assets per
Quoted Equity Security
$0.628 $0.567
A brief explanation of any of
the figures above necessary
to enable the figures to be
understood
For commentary on the results please refer to the commentary
in the related NZX release. Further information is also set out in
the audited financial statements of the Company for the 6
months to 28 February 2025 which accompanies this
information.
Authority for this announcement
Name of person

authorised
to make this announcement
Mark O’Malley, Chief Financial Officer
Contact person for this
announcement
Mark O’Malley
Contact phone number 03 478 8110
Contact email address m.omalley@scottautomation.com
Date of release through MAP

16 April 2025

Unaudited financial statements accompany this announcement.

---

Scott Technology Limited
Distribution Notice

Updated as at June 2023



Please note: all cash amounts in this form should be provided to 8 decimal places, including zeros (ie 0.01001000)

Please do not amend or delete individual rows. As this template relates to prescribed content, changes to content
should only be made where it is clearly indicated that this is permitted, otherwise, if an Issuer considers a particular
element does not apply, mark the row as N/A, Any other changes to this prescribed form must first be approved by
NZX as required under NZX Listing Rule 3.26.1.

Section 1: Issuer information
Name of issuer Scott Technology Limited
Financial product name/description Ordinary Shares
NZX ticker code SCT
ISIN (If unknown, check on NZX
website)
NZSCTE0001S3
Type of distribution
(Please mark with an X in the
relevant box/es)
Full Year Quarterly
Half Year X Special
DRP applies X
Record date 06/05/2025
Ex-Date (one business day before the
Record Date)
05/05/2025
Payment date (and allotment date for
DRP)
21/05/2025
Total monies associated with the
distribution
1

$2,466,351
Source of distribution (for example,
retained earnings)
Retained earnings
Currency NZD
Section 2: Distribution amounts per financial product
Gross distribution
2
$0.03000000
Gross taxable amount
3
$0.03000000
Total cash distribution
4
$0.03000000
Excluded amount (applicable to listed
PIEs)
N/A
Supplementary distribution amount $0.00000000
Section 3: Imputation credits and Resident Withholding Tax
5


1
Continuous issuers should indicate that this is based on the number of units on issue at the date of the form
2
“Gross distribution” is the total cash distribution plus the amount of imputation credits, per financial product, before the deduction of
Resident Withholding Tax (RWT).
3
“Gross taxable amount” is the gross distribution minus any excluded income.
4
“Total cash distribution” is the cash distribution excluding imputation credits, per financial product, before the deduction of RWT.
This should include any excluded amounts, where applicable to listed PIEs.
5
The imputation credits plus the RWT amount is 33% of the gross taxable amount for the purposes of this form. If the distribution is
fully imputed the imputation credits will be 28% of the gross taxable amount with remaining 5% being RWT. This does not constitute
advice as to whether or not RWT needs to be withheld.

Is the distribution imputed


No imputation

If fully or partially imputed, please
state imputation rate as % applied
6

N/A
Imputation tax credits per financial
product
$0.00000000
Resident Withholding Tax per
financial product
$0.00990000
Section 4: Distribution re-investment plan (if applicable)
DRP % discount (if any)
1.0%
Start date and end date for
determining market price for DRP
07/05/2025 09/05/2025
Date strike price to be announced (if
not available at this time)
15/05/2025
Specify source of financial products to
be issued under DRP programme
(new issue or to be bought on market)
New Issue
DRP strike price per financial product
Not available at this time
Last date to submit a participation
notice for this distribution in
accordance with DRP participation
terms
07/05/2025
ection 5: Authority for this announcement
Name of person

authorised to make
this announcement
Mark O’Malley
Contact person for this
announcement
Mark O’Malley
Contact phone number 027 301 5936
Contact email address m.omalley@scottautomation.com
Date of release through MAP

16/04/2025








6
Calculated as (imputation credits/gross taxable amount) x 100. Fully imputed dividends will be 28% as a % rate applied.