New Zealand · Delayed Price · Currency is NZD Scales Corporation Earnings Call Transcripts
Fiscal Year 2026
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Record financial results were achieved with strong growth across all divisions and increased investments in key subsidiaries. The Board announced leadership changes, a director fee pool increase, and reaffirmed its dividend policy and strategic focus on premium products and sustainability.
Fiscal Year 2025
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Record FY 2025 results with 54% revenue growth and over 200% NPAT increase, driven by strong performances in horticulture, Global Proteins, and Logistics. FY 2026 guidance anticipates normalization in horticulture yields but continued positive momentum in all divisions.
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First half 2025 saw strong growth in EBITDA and NPAT, led by horticulture and logistics, prompting an upgrade in full-year earnings guidance. Strategic investments and new facilities are driving performance, while risks from tariffs and slower pet food demand are being managed.
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Record financial results were achieved, with strong growth in profit and revenue, a higher dividend, and successful strategic investments. The board addressed governance, succession, and risk management, while shareholders approved all resolutions and discussed key risks and opportunities.
Fiscal Year 2024
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Record FY2024 results with underlying EBITDA of NZD 91.7M and NPAT of NZD 53.6M, driven by strong performance across all divisions. FY2025 guidance targets NZD 35–40M NPAT, with continued growth in premium apples and Global Proteins, and stable capital management.
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The meeting highlighted strong underlying profit, a stable dividend, and strategic acquisitions to boost premium apple varieties and protein division growth. Board changes and climate initiatives were discussed, with shareholders approving all resolutions.
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Earnings rebounded strongly in the first half of 2024, with underlying NPAT up 97% and EBITDA up 46% year-over-year. Horticulture and Logistics saw significant gains, while Global Proteins remained stable. FY 2024 guidance is reaffirmed, with ongoing supply chain risks noted.