The company, which provides environmental solutions to water-intensive industries, posted FY23 revenue of $89.8 million and earnings before interest, tax, depreciation and amortisation of $3.9 million.
It posted a net loss after tax of $339,000, about half the $616,000 loss it posted in FY22.
Scidev chief executive officer Seán Halpin said the company delivered record organic growth in net revenue, EBITDA and contract wins in FY23.
"As we work to achieve our purpose of delivering innovative solutions for a sustainable future, Scidev is generating a strong portfolio of blue-chip clients across our markets, driving revenue and expanding future growth opportunities," he said.
"With industry-leading chemistry and technology and a growing global footprint we have an incredibly positive outlook for growth in FY24."
Contract wins in FY23 included:
- A three-year contract with First Quantum Minerals at the Ravensthorpe Nickel Operations expected to generate $9.5 million in sales;
- Contracts with Iluka Resources worth more than $28 million; and
- Operation and maintenance contract for 98 remote water quality monitoring units across multiple mines in Western Australia.
It also secured a trademark for its proprietary Fluorofix treatment for water contaminated with per- and poly-fluoroalkyl substances.
That PFAS treatment has been the subject of two contracts with Cleanaway Waste Management worth a combined $5.3 million.
Scidev is operating 10 PFAS treatment projects.
