Scales Corporation Limited Analysis

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 25 August 2025:

Highlights – 6 months to 30 June 2025 (1H25)

• Underlying NPATAS of $48.9 million (1H24: $28.5 million), up 72%

• Reported NPAT of $57.6 million (1H24: $38.1 million), up 51%

• Underlying EBITDA of $86.7m (1H24: $60.5m), up 43%

• All divisions successfully executing their respective growth strategies:

o Steady performance by the Global Proteins division

o Exceptional result by Horticulture

o Excellent result by Logistics

• Directors advise a further increase in FY25 Underlying NPATAS guidance to between $45.0m and $50.0m

Diversified agribusiness group Scales Corporation Limited (NZX:SCL) today reported its 1H25 results, which included outstanding results from the Horticulture and Logistics divisions and steady performance from the Global Proteins division.