NZX Governance Explorer

AoFrio Limited (AOF)

NZX-listed Financials company — share price, dividends, financials, board of directors and governance score.

AoFrio Limited (NZX:AOF) last traded at $0.044 on 11 Nov 2026, a market capitalisation of $26M NZD, a board of 6 directors chaired by John Scott and a Governance Risk Score of 90/100.

AoFrio (formerly Wellington Drive Technologies) designs and manufactures energy-efficient motors and IoT-enabled refrigeration systems for the global food and beverage cold chain.

Share price
$0.044-2.22%
Market cap
$26MNZD
Return on equity
-13.1%
Governance score
90/100Excellent
Board size
683% independent

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AoFrio Limited board of directors

6 current directors, 83% independent, average tenure 6.9 years.

DirectorRoleIndependentAppointedTenureCommittees
John ScottChairYes20197.9 yrs—
Keith William OliverIndependent DirectorYes20197.7 yrs—
Melissa Clark-ReynoldsIndependent DirectorYes20233.2 yrs—
Roz BuickIndependent DirectorYes20242.8 yrs—
John McMahonIndependent DirectorYes201412.1 yrsAudit Committee
Greg AllenNon-Independent DirectorNo20197.6 yrs—

AOF governance score breakdown

AoFrio Limited scores 90/100 (Good) on the NZXplorer Governance Risk Score for FY2026, based on 63% data coverage. See the GRS methodology.

Board structure
24/25
Shareholder rights
20/20
Executive remuneration
0/0

AoFrio Limited largest shareholders

Top 10 registered holders of AOF as disclosed for FY2026. Registry holdings include custodians and nominees, which may hold on behalf of many underlying investors.

#HolderHolding
1East West Legacy LLC12.77%
2Wairahi Investments Ltd6.02%
3Ballynagarrick Investments Ltd4.91%
4ASB Nominees Ltd (Meta Capital Ltd)4.44%
5Forsyth Barr Custodians Ltd4.15%
6Graham Trustees Ltd3.84%
7HSBC Nominees (New Zealand) Ltd3.58%
8Tea Custodians Ltd3.36%
9FNZ Custodians Ltd3.20%
10Accident Compensation Corporation3.12%

Recent AOF NZX announcements

The 10 most recent filings by AoFrio Limited to the NZX.

AoFrio Limited (AOF) — frequently asked questions

What does AoFrio Limited do?

AoFrio (formerly Wellington Drive Technologies) designs and manufactures energy-efficient motors and IoT-enabled refrigeration systems for the global food and beverage cold chain. AoFrio Limited is listed on the NZX under the ticker AOF, in the Financials sector.

What is the AoFrio Limited (AOF) share price?

AoFrio Limited (NZX:AOF) shares closed at $0.044 on 11 November 2026, down 2.22% on the previous close. At that price its market capitalisation was about $25 million, based on 570,704,969 shares on issue as at 1 June 2026.

Who are the directors of AoFrio Limited?

AoFrio Limited has 6 current directors: John Scott (Chair), Keith William Oliver (Independent Director), Melissa Clark-Reynolds (Independent Director), Roz Buick (Independent Director), John McMahon (Independent Director) and Greg Allen (Non-Independent Director). 5 of the 6 are recorded as independent (83%). Average board tenure is 6.9 years.

Who is the chair of AoFrio Limited?

John Scott chairs the AoFrio Limited board, and has been a director since 2019.

Who is the CEO of AoFrio Limited?

Greg Balla is the Chief Executive Officer of AoFrio Limited.

Who are the largest shareholders of AoFrio Limited?

The largest registered holder of AOF shares in the FY2026 top-20 register was East West Legacy LLC, with 12.77%, followed by Wairahi Investments Ltd (6.02%) and Ballynagarrick Investments Ltd (4.91%).

What is AoFrio Limited's governance score?

AoFrio Limited has an NZXplorer Governance Risk Score of 90/100 (Good) for FY2026, based on 63% data coverage.

When was the last AoFrio Limited annual meeting?

The most recent AoFrio Limited annual meeting on record was held on 27 May 2026.

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