Scales Group achieved record profit in the first half of 2026, with revenue rising significantly year on year, and raised its full-year net profit outlook. Its share price has also risen.
Scales Group posted record results in the first half of 2026. Revenue was NZD 762 million, a significant increase year on year, while underlying net profit reached NZD 52 million. Underlying EBITDA increased to NZD 102 million, and earnings per share were NZD 0.36.
The company raised its full-year underlying net profit forecast to NZD 55–60 million. Global Proteins led growth in pet food ingredients, while Esro Petfood was also cited as a drag on performance. The horticulture division benefited from expansion in Asian markets and a higher proportion of premium varieties.
The logistics division delivered an overall positive result despite geopolitical tensions and higher fuel costs. In the stock market, the share price rose 4.25% to NZD 7.11, trading close to its 52-week high of NZD 7.12.