Scales Corporation Limited

Overview

Scales Corporation is a diversified agribusiness portfolio. It comprises three operating divisions: Horticulture, Storage & Logistics and Food Ingredients. The company's diverse spread of activities gives Scales broad exposure to New Zealand's agribusiness sector. Scales Corporation was founded in 1897 as a shipping business by George Herbert Scales. The company employs more than 500 staff New Zealand wide.

Performance

The following information was extracted from Scales Corporation Limited's Half Year Results, released on 26 August 2026:

Diversified agribusiness group Scales Corporation Limited (NZX:SCL) today reported its 1H26 results.

• Group 1H26 Underlying1 financial results:

o Revenue of $762.1 million (1H25: $371.9 million), up 105 per cent.

o Underlying EBITDA2 of $102.2 million (1H25: $86.7 million), up 18 per cent.

o Underlying NPAT3 of $62.4 million (1H25: $56.7 million), up 10 per cent.

o Underlying NPATAS4 of $52.0 million (1H25: $48.8 million), up 7 per cent.

Chair of Scales Corporation, Mike Petersen, commented: “The Group has delivered another record first-half result, with each of the divisional teams progressing their respective growth objectives whilst continuing to navigate ongoing geopolitical turbulence.”

“Global Proteins’ result was assisted by the increased shareholding in our joint venture businesses in 2025 together with the impact of higher volumes as a result of strong demand. Horticulture continued to benefit from its long-term strategic investment in Premium apple varieties targeting the Asia and Middle East markets. Logistics also performed well, increasing volumes and delivering best-in-class service to both internal and external customers.”

“This is an outstanding first half by the Group and, as always, the Board would like to acknowledge the hard work and dedication of all of our management and staff in delivering this result. While we report as a company, it is our people who own this result and we would like to thank each and every team member for this performance.”