Market Update
NZX & Media Release
27 May 2026
Market Update
The Directors of Scales Corporation Limited (NZX:SCL) have reiterated market guidance for the
twelve months to 31 December 2026, of an Underlying Net Profit after Tax Attributable to
Shareholders range of $50.0 million to $55.0 million.
Managing Director Andy Borland commented “Trading across the Group has been positive for the first
five months of the year, with financial performance across all divisions at expected levels, despite the
impact of the Iran war”.
“In the Horticulture division, picking has been completed at Mr Apple, with the gross pick, of 4.7m
TCEs, being above expectations. The forecast packout rate is 77%, which is lower than FY25 due to
the impact of a number of weather events during the growing season. Pricing is currently running to
forecast.”
“In Global Proteins, further to our April 2026 update, our European joint venture partner’s subsidiary,
Esro Vlees BV, was placed into receivership following an investigation by the Netherlands Food and
Consumer Product Safety Authority. This has created challenges and disrupted operations for our
joint venture, Esro Petfood BV. We are working hard to restore normal trading for this business,
including via on-site support from a number of Scales’ senior executives. Trading across our other
Global Proteins businesses, in the US, Australia and New Zealand, has been very pleasing”
“Logistics has had a solid start to the year, with a lift in airfreight volumes offsetting some margin
decline in seafreight”.
Contact
Andy Borland, Managing Director, Scales Corporation Limited, Mob: 021 975 999,
email: andy.borland@scalescorporation.co.nz
About Scales Corporation
Scales Corporation is a diversified investor operating predominantly in the agribusiness sector. It
comprises three operating divisions: Global Proteins, Horticulture, and Logistics. The Company’s
diverse spread of activities gives Scales Corporation global operational exposure. Scales Corporation
was founded in 1897 as a shipping business by George Scales. Today it has operations across New
Zealand, Australia, United States and Europe. Find out more at www.scalescorporation.co.nz.
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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