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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.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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