AoFrio
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AoFrio (AOF) investor relations material

AoFrio H2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H2 2025 earnings summary26 Feb, 2026

Executive summary

  • FY 2025 revenue reached NZD 83.2 million, up 4.4% year-over-year, setting a new record.

  • IoT business revenue grew 8.9% to NZD 47.1 million with a 42.5% gross margin; Motors revenue was steady at NZD 36.1 million with a 17.7% margin.

  • EBITDA improved by NZD 1 million to NZD 3.5 million, aligning with guidance.

  • Net Promoter Score increased to 62, reflecting strong customer satisfaction.

  • Significant investments in new product development and AI-driven capabilities.

Financial highlights

  • Gross margin increased to 31.7% year-over-year, driven by a favorable shift toward IoT products.

  • Recurring revenue rose to 3.8% of total revenue; deferred software revenue on the balance sheet increased to NZD 17.8 million.

  • App utilization rose 25% and connected devices to the cloud increased 23% year-over-year.

Outlook and guidance

  • Revenue guidance for FY 2026 is to exceed FY 2025, though specific numbers are not provided due to market uncertainties.

  • Growth expected from new product launches, including SCS 800 controller and AoFrio iQ SaaS platform.

  • Cautious outlook due to U.S. tariffs, currency fluctuations, and introduction of new product lines.

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Frequently asked questions

AoFrio Limited is a New Zealand-based company specializing in IoT (Internet of Things) technology solutions and energy-efficient refrigeration systems. The company provides advanced refrigeration controllers, IoT-enabled monitoring devices, and cloud-based data analytics, primarily for commercial refrigeration applications. AoFrio’s technology helps businesses in sectors such as retail, food and beverage, and pharmaceuticals optimize energy consumption, monitor equipment remotely, and reduce operational costs. AoFrio Limited is headquartered in Auckland, New Zealand, and its shares are listed on the NZX.

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