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Scales Corporation (SCL) briefings

Read that company's published results in release order, newest first.

Scales Corporation (SCL)FY25Released 25 February 2026

Bostock acquisition lifted revenue 54% but cash conversion fell to 56.4%

Working capital absorbed NZ$120.1m as inventory days tripled to 48.5, while a 13.0% tax rate amplified NPAT growth to 229.0% versus PBT 122.2%.

Published 23 April 2026

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Scales Corporation (SCL)HY25Released 25 August 2025

Horticulture surge lifts EBITDA margin to 23.6%, above historical range

PBT grew 49.0% on operating leverage, but heavy first-half seasonal weighting and a softer tax rate are the key tests of durability.

Published 22 April 2026

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Scales Corporation (SCL)FY24Released 26 February 2025

FY24 NPAT recovered 490% but H1 delivered NZ$28.1m of the NZ$30.7m

The reported rebound was front-loaded into the first half while capex tripled to NZ$54.9m and the announced dividend fell to 4.25c.

Published 22 April 2026

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Scales Corporation (SCL)HY24Released 28 August 2024

PBT up 166.7% on Horticulture recovery as capex surge lifts leverage to 1.33x

Earnings rebounded from a cyclone-impacted base, but capex jumped 828% and net debt/EBITDA at 1.33x sits above its historical range.

Published 22 April 2026

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Scales Corporation (SCL)FY23Released 22 February 2024

NPAT fell 73% but dividend rose 71%, lifting payout to 162% of profit

A working-capital release flattered cash conversion to 120.5% and funded the increase, masking margin pressure from Cyclone Gabrielle.

Published 22 April 2026

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Scales Corporation (SCL)HY23Released 23 August 2023

Horticulture swing drives PBT down 59.6% on flat revenue

Headline NPAT to shareholders fell 85.1% as the Horticulture segment swung from a NZ$15.2m profit to a NZ$2.1m loss after cyclone disruption.

Published 22 April 2026

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Scales Corporation (SCL)FY22Released 23 February 2023

Revenue up 20.3% but NPAT fell 27.9% on horticulture margin collapse

Logistics expansion drove the top line while China lockdowns crushed apple realisations, with minority-interest growth deepening the gap between PBT

Published 22 April 2026

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Scales Corporation (SCL)HY22Released 24 August 2022

Revenue +21.9% but attributable NPAT fell 7.8% as minorities doubled

Global Proteins now leads the revenue mix at 49%, doubling its result, but expanded minority interests captured most of the upside.

Published 22 April 2026

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Scales Corporation (SCL)FY21Released 24 February 2022

PBT up 37.8% but cash conversion fell from 93.8% to 55.6%

Strong revenue and earnings growth contrasts with operating cash flow down 25.1%, leaving pre-lease FCF below the historical range.

Published 22 April 2026

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