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Held by NZ managed funds
Sub-substantial fund positions — invisible in NZX SSH data, visible here. Sourced from each fund's Quarterly Fund Update on the FMA Disclose register.
| Fund | % of fund NAV |
|---|---|
| Harbour — Australasian Equity Focus | 8.72% |
| Harbour — Long Short | 2.81% |
| Harbour — Australasian Equity | 2.52% |
How Scales Corporation Limited makes money — FY2025
Revenue $899.9m · EBITDA $169.9m (18.9% of revenue) · Net profit $117.7m (13.1% of revenue)
Band widths are proportional to NZD amounts. Dashed outlines mark derived figures; the hatched node is a balancing item (net profit less every line above it).
| FY2025 | Amount | Status | Note |
|---|---|---|---|
| Revenue | $899.9m | Reported | |
| Operating costs (net of other income) | −$730.1m | Derived * | |
| EBITDA | $169.9m | Reported | |
| Depreciation & amortisation | −$27.5m | Reported | |
| EBIT | $142.4m | Reported | |
| Interest | — | Not reported | Included in the balancing item. |
| Income tax | −$17.6m | Reported | |
| Interest and other items (net cost) | −$7.1m | Balancing item * | Net profit less the lines above; covers fair-value movements, impairments, associates and anything else not itemised. |
| Net profit | $117.7m | Reported |
- * operating costs: $730.1m = Revenue − EBITDA
Figures extracted automatically from the annual report; check against the report. NZD thousands as stored, shown in millions. Source: annual_report_pdf · method: claude_haiku_pdf · extracted 7 March 2026.
Annual report: Scales Corporation Limited Annual Report (PDF, NZX)
Scales Corporation Limited board of directors
6 current directors, 83% independent, average tenure 8.3 years.
| Director | Role | Independent | Appointed | Tenure | Committees |
|---|---|---|---|---|---|
| Mike Petersen | Chair | Yes | 2023 | 3.5 yrs | Audit & Risk Committee (Chair), Health & Safety Committee (Chair) |
| Paul Jason Munro | Independent Director | Yes | 2025 | 1.1 yrs | — |
| Anthony (Tony) David Batterton | Independent Director | Yes | 2018 | 8.1 yrs | Remuneration Committee (Chair), Investment Committee (Chair) |
| Andrew (Andy) Borland | Executive Director | No | 2007 | 19.9 yrs | Investment Committee, Health & Safety Committee, Audit & Risk Committee (Chair) |
| Nick Harris | Independent Director | Yes | 2014 | 12.9 yrs | Audit & Risk Committee (Chair), Health & Safety Committee (Chair) |
| Miranda Burdon | Independent Director | Yes | 2022 | 4.2 yrs | Health & Safety Committee (Chair), Audit & Risk Committee (Chair) |
Future directors & observers
Non-voting board observers, such as Institute of Directors Future Directors. They are not counted in the board size, independence or governance figures above.
- Emma Wheeler — Future Director, since 2024
- Teresa Steele-Rika — Future Director
- Jemma McCowan — Future Director
SCL governance score breakdown
Scales Corporation Limited scores 86/100 (Excellent) on the NZXplorer Governance Risk Score for FY2026, based on 73% data coverage. See the GRS methodology.
- Board structure
- 20/25
- Shareholder rights
- 20/20
- Executive remuneration
- 7.5/10
SCL dividends
The most recent Scales Corporation Limited dividend on record is 12.50 cents per share, for FY2025 (final), 50% imputed, ex-dividend 24 Jun 2026, paid 9 Jul 2026.
Scales Corporation Limited largest shareholders
Top 10 registered holders of SCL as disclosed for FY2025. Registry holdings include custodians and nominees, which may hold on behalf of many underlying investors.
| # | Holder | Holding |
|---|---|---|
| 1 | Custodial Services Limited | 15.46% |
| 2 | BNP Paribas Nominees (NZ) Limited - NZCSD | 9.67% |
| 3 | Accident Compensation Corporation - NZCSD | 6.93% |
| 4 | FNZ Custodians Limited | 4.76% |
| 5 | HSBC Nominees (New Zealand) Limited - NZCSD | 4.29% |
| 6 | Tea Custodians Limited Client Property Trust Account - NZCSD | 4.08% |
| 7 | Citibank Nominees (New Zealand) Limited - NZCSD | 3.21% |
| 8 | Forsyth Barr Custodians Limited | 3.11% |
| 9 | JP Morgan Chase Bank - NZCSD | 3.02% |
| 10 | JB Were (NZ) Nominees Limited | 2.19% |
Recent SCL NZX announcements
The 10 most recent filings by Scales Corporation Limited to the NZX.
- Ongoing Disclosure Notice - Andy BorlandInsider Disclosure
- Capital Change NoticeCapital Change
- SPH Notice - JBWere (NZ) LimitedSubstantial Holder Notice
- Scales increases ownership of Esro PetfoodM&A
- Ongoing Disclosure Notice - Ben WashingtonInsider Disclosure
- Ongoing Disclosure Notices - MultipleInsider Disclosure
- 2026 Interim Results announcementHalf Year Results
- 2026 Interim Results - announcement dateHalf Year Results
- Ongoing Disclosure Notice - Ben WashingtonInsider Disclosure
- Capital Change Notice - Dividend Reinvestment PlanDividend
Scales Corporation Limited (SCL) — frequently asked questions
What does Scales Corporation Limited do?
Scales Corporation is a New Zealand agribusiness company operating across horticulture, storage and logistics, and food ingredients, with operations including apple growing, cool storage, juice processing, and pet food manufacturing. Scales Corporation Limited is listed on the NZX under the ticker SCL, in the Industrials sector.
What is the Scales Corporation Limited (SCL) share price?
Scales Corporation Limited (NZX:SCL) shares closed at $6.55 on 11 November 2026, up 2.02% on the previous close. At that price its market capitalisation was about $924 million, based on 141,010,168 shares on issue as at 11 March 2026.
Who are the directors of Scales Corporation Limited?
Scales Corporation Limited has 6 current directors: Mike Petersen (Chair), Paul Jason Munro (Independent Director), Anthony (Tony) David Batterton (Independent Director), Andrew (Andy) Borland (Executive Director), Nick Harris (Independent Director) and Miranda Burdon (Independent Director). 5 of the 6 are recorded as independent (83%). Average board tenure is 8.3 years.
Who is the chair of Scales Corporation Limited?
Mike Petersen chairs the Scales Corporation Limited board, and has been a director since 2023.
What was Scales Corporation Limited's most recent dividend?
The most recent Scales Corporation Limited dividend on record is 12.50 cents per share for FY2025 (final), 50% imputed, ex-dividend 24 June 2026, paid 9 July 2026.
Who are the largest shareholders of Scales Corporation Limited?
The largest registered holder of SCL shares in the FY2025 top-20 register was Custodial Services Limited, with 15.46%, followed by BNP Paribas Nominees (NZ) Limited - NZCSD (9.67%) and Accident Compensation Corporation - NZCSD (6.93%). Custodians and nominees on the register hold shares on behalf of other investors.
What is Scales Corporation Limited's governance score?
Scales Corporation Limited has an NZXplorer Governance Risk Score of 86/100 (Excellent) for FY2026, based on 73% data coverage.
When was the last Scales Corporation Limited annual meeting?
The most recent Scales Corporation Limited annual meeting on record was held on 14 April 2026.
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