Scales Corp reports record profit, focuses on sustainable growth

Scales Corporation's annual report for 2024 highlights record Group Underlying EBITDA and Underlying NPAT alongside progress on its growth strategy, with revenue rising to NZD 584.6 million. The company executed several M&A transactions including acquiring planted orchards from Bostock Group Limited, increasing its investment in Meateor Australia, and divesting orchard land to Craigmore Sustainables. Looking ahead to 2025, Scales expects continued strong performance, particularly in Global Proteins, and forecasts a crop of around 3.4 million TCEs in Horticulture. The company emphasized its commitment to sustainability, with plans to release its second Climate-Related Disclosures (CRD) report in April 2025. An interim dividend of 7.25 cents per share was paid in January 2025 and the final dividend will be reviewed in early May 2025.