AoFrio (AOF)•HY21•Released 25 August 2021Wellington Drive swings to NZ$0.6m profit as revenue rebounds 49%Both segments returned to operating profit and the balance sheet moved to net cash, but the comparison is flattered by a COVID-depressed HY20 base.Published 22 April 2026Read briefing→
AoFrio (AOF)•FY20•Released 26 February 2021Revenue down 40% on COVID demand shock; both segments swing to lossesWellington Drive held a net cash position and kept FCF just positive, but EBITDA fell 72% and the second half was essentially breakeven at the...Published 22 April 2026Read briefing→
Wellington Drive Technologies (AOF)•HY20•Released 27 August 2020Revenue down 38.5% reverses maiden profit, but leverage falls to 0.4xA COVID-driven demand shock pushed both Motors and IoT into losses, even as cash rose and net debt fell sharply from the prior half.Published 21 April 2026Read briefing→
AoFrio (AOF)•FY19•Released 28 February 2020Wellington Drive posts maiden NPAT of NZ$0.4m as IoT mix lifts marginPBT swung NZ$1.1m to positive and the group moved to a small net cash position, but H2 NPAT was negative on a first-half-weighted year.Published 21 April 2026Read briefing→