Scales Corporation expects strong 2025 profit, 2026 normalisation

Scales Corporation reiterated its 2025 Underlying Net Profit after Tax Attributable to Shareholders guidance, expecting a range of $54.0 million to $59.0 million. This performance is attributed to strong results across all divisions and increased shareholdings in subsidiary Shelby Foods (67.5%), full ownership of Meateor Australia and Fayman International, and an 85% stake in ANZ Exports. Horticulture experienced very good growing conditions, leading to apple export volumes exceeding expectations and significant earnings growth compared to 2024.

For the 2026 financial year, Directors advise a lower Underlying Net Profit after Tax Attributable to Shareholders guidance of $50.0 million to $55.0 million. This guidance, however, still represents a 40% increase on FY25's initial earnings guidance, with the expectation that Horticulture volumes will normalise. Global Proteins and Shelby Foods are expected to perform strongly, while Logistics anticipates positive contributions despite ongoing supply chain issues.

The 2026 guidance implies an Underlying Net Profit after Tax range of $67.0 million to $73.0 million and an Underlying EBITDA range of $129.0 million to $136.0 million. Group revenue in FY26 is projected to exceed $1 billion due to the full-year consolidation of Fayman International, ANZ Exports, and Meateor Australia. An interim cash dividend of 12.5 cents per share for the 2025 financial year, partially imputed at 50%, will be paid on January 23, 2026.