AOF Annual Report Release

AoFrio announces results for 2025, delivers record revenue. FY25 performance highlights:

• Revenue: $83.2 million, +4% year on year
• EBITDA: $3.5 million, +40% lift year on year
• Gross margin: 31.7%, +2pp year on year
• 3.2 million connected devices, up +22% year on year
• New AoFrio iQ SaaS platform launched to 10 pilot customers in the Cold Drink Equipment industry
• New cellular controller launched, SCS 800, to compete in the cellular IoT US and European markets
• First Food Retail customer secured as part of our expansion strategy.

Auckland, 27 February 2026 – AoFrio, the global leader in hardware-enabled SaaS solutions for the commercial refrigeration industry, today released its audited results to the market for the financial year ending 31 December 2025. The company reported record revenue at $83.2 million, an increase of +4% year on year. EBITDA was $3.5 million, up from $2.5 million.

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