Image source: Shutterstock
Highlights
- Scales Corporation declared a dividend of NZD 0.1597 per share for FY24, offering an annual dividend yield of 3.91%.
- In 1HFY24, the company reported a 2.8% YoY increase in revenue to NZD 318.1 million, with EBITDA soaring by 101.7% to NZD 61.5 million.
- Scales Corporation projects an underlying NPAT between NZD 30.0 million and NZD 35.0 million, with expectations for FY25 NPAT to range from NZD 35.0 million to NZD 40.0 million.
Scales Corporation Limited (NZX:SCL) is a NZX-listed company, focused on agribusiness. The company operates through three divisions - Global Proteins, Horticulture and Logistics. The market capitalisation of SCL is NZD 585.7 million.
Recent financial performance
In 2024, the company returned to normal trading environment and executed its strategic growth transactions in two divisions – Global Proteins and Horticulture.
In the six months ended 30 June 2024 (1HFY24), the company recorded 2.8% YoY increase in its revenue to NZD 318.1 million, which reflects an increase of NZD 8.7 million. In 1HFY24, EBITDA surged by 101.7% YoY to NZD 61.5 million, driven by exceptional growth in the horticulture segment, which recorded an underlying EBITDA of NZD 30.0 million, up 162% from the prior year. Logistics also contributed positively, with an underlying EBITDA of NZD 3.8 million, a 44% increase.
Profit for the period grew significantly by 166.7% YoY to NZD 38.1 million, reflecting a gain of NZD 23.8 million YoY.
Outlook
SCL has reaffirmed its FY 2024 guidance, projecting an underlying net profit after tax (NPAT) attributable to shareholders between NZD 30.0 million and NZD 35.0 million. For FY 2025, underlying NPAT is expected to range from NZD 35.0 million to NZD 40.0 million.
Top 10 shareholders of SCL
The top 10 shareholders of SCL have around 28.71% shareholding in the company. The Vanguard Group, Inc. and BlackRock Institutional Company, N.A. have the maximum stake in the firm with a shareholding of nearly 9.12% and 5.23%, respectively.
Share performance of SCL
SCL shares closed at NZD 4.08 per share on 13 January 2025. Over the last one year, SCL’s share price has increased by almost 25.93% and in six months, the share price has surged by approximately 18.60%.
52-week high of SCL is NZD 4.25, recorded on 2 December 2024 and 52-week low is NZD 3.00, recorded on 12 March 2024.

Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is January 13, 2025. The reference data in this report has been partly sourced from EODHD/Others.



_12_18_2025_13_13_17_985559.png)

_11_27_2025_13_17_04_571639.png)
Please wait processing your request...