New Zealand apple exporter increases full-year guidance citing ‘continuing positive performance’ and appoints new director
New Zealand company Scales Corporation has forecast a further increase in its full-year profit for 2025, despite continued uncertainty caused by geopolitical insecurity.
In a statement, the apple exporter said it expected underlying net profit after tax attributable to shareholders to end up between NZ$54mn and NZ$59mn, an increase on the previous guidance range of between NZ$51mn and NZ$56mn.
It also said its underlying Ebitda would be in the range NZ$125mn-NZ$132mn, while its underlying net profit after tax would be somewhere between NZ$69mn and NZ$74mn.
Managing director Andy Borland commented: “We are seeing a continuing positive performance across the group this year. Whilst some geopolitical uncertainties remain, we are pleased to be able to advise a further increase in earnings guidance for full year 2025.”
Separately, the group has named Paul Munro as an independent non-executive director and chair of its Audit & Risk Management Committee. Effective 14 October, Munro’s appointment follows the retirement of Alan Isaac after eleven years with the company.
Chair Mike Petersen said: “Alan has been an integral part of the Scales’ team over a period of substantial change and success for the company. Alan was appointed to the board in 2014 when Scales listed on the NZX and his contribution during that time as a director and as chair of Scales’ Audit & Risk Management Committee has been immense.”
He added: “Alan is very well respected by his fellow directors and by management for his broad and deep accounting and financial knowledge and for his well-considered counsel on a wide variety of issues. His presence and input will be missed by all.”
