Scott Technology at $2.48: A Kiwi Robotics Maker Quietly Building Its Order Book
Scott Technology is one of the more interesting businesses on the NZX, and one of the least talked about. The SCT.NZ stock belongs to a New Zealand company that designs and builds automated and robotic production lines, the kind of equipment that runs inside factories, mines, and processing plants around the world. Its latest result was steady rather than spectacular, but the most telling number was the order book, which keeps growing.
Scott Technology designs, manufactures, sells, and services automation and robotics systems. It operates globally, across the Americas, Europe, and Asia, and serves a spread of industries including materials handling, mining, meat processing, and appliances. It is a niche engineering company with genuine intellectual property, not a commodity manufacturer.
Recent Performance
As of May 2026, SCT traded around $2.48, within a 52-week range of roughly $1.72 to $3.20. That is a fairly wide band, which tells you the market has not settled on a firm view of the company. The market capitalisation sits near $209 million, making this a small-cap stock that flies under the radar of many investors.
The share price has moved around, but the operating business has been quietly progressing.
Key Metrics
The figures that frame the case:
- •Share price: around $2.48 NZD
- •52-week range: roughly $1.72 to $3.20
- •Market capitalisation: about $209 million
- •Forward order book: $177 million, up 8%
The order book is the metric to watch with a company like this. Scott Technology builds large, made-to-order systems, so the value of work already contracted but not yet delivered is a strong leading indicator of future revenue. A forward order book of $177 million, up 8%, says the pipeline of work is growing. The dividend, at roughly 8 cents per share for a yield around 3.2%, is a modest secondary attraction. For how we read order books and forward indicators, see our [methodology](/methodology).
The Big Picture
Scott Technology's first-half result, for the six months to 28 February 2026, was described by the company as solid. Revenue rose 5% to $128 million, EBITDA (earnings before interest, tax, depreciation and amortisation) grew 7% to $13 million, and net profit after tax was up around 4%. Steady mid-single-digit growth, not dramatic, but moving in the right direction.
Underneath the headline, the mix is shifting in a healthy way. Service revenue, the income from maintaining and supporting equipment already installed, grew 14% and now makes up about 33% of total revenue. Service income tends to be steadier and higher-margin than one-off equipment sales, so a rising service share makes the whole business more resilient.
By segment, Materials Handling and Logistics lifted revenue 21%, and Mining grew 9%, helped by record sales of Rocklabs sample-preparation equipment. The Protein and Appliances segments went the other way, with revenue declines. That spread is the point of Scott's diversification: when some end-markets soften, others can pick up the slack. Investors interested in New Zealand technology and engineering names may also want to look at [EROAD](/stocks/eroad), a different kind of Kiwi technology business serving the transport sector.
What to Watch
Three things will shape the outlook.
First, order book conversion. A growing order book only matters if it turns into delivered revenue and profit. Watch whether the $177 million of forward work converts on schedule.
Second, the weaker segments. Protein and Appliances both declined this half. Watch whether they stabilise or keep dragging.
Third, the service mix. The shift toward service revenue is a quiet positive. Watch whether that share keeps rising, because it makes earnings more dependable.
The Bottom Line
The bull case for Scott Technology is a genuine engineering business with global reach, steady growth, a rising and higher-quality service revenue mix, and a forward order book that keeps building. The bear case is a small-cap stock with a volatile share price, some end-markets in decline, and the lumpiness that comes with large made-to-order projects. At around $2.48, Scott is an under-followed industrial that rewards investors willing to watch the order book rather than the headlines.
*This article is for informational purposes only and does not constitute financial advice. Always do your own research or consult a licensed financial adviser before making investment decisions. Figures are drawn from publicly available company disclosures and market data and may change after publication. See our [methodology](/methodology) for how we approach these articles.*