Warm drinks don't sell: AoFrio inks first food fridge deal in NZ, targets Fifa World Cup

Warm drinks don't sell: AoFrio inks first food fridge deal in NZ,  targets Fifa World Cup
AoFrio has some of the biggest beverage names on its customer list including Coca-Cola. (Image: Getty)
Rebecca Stevenson
Smart refrigeration firm AoFrio has signed its first contract in the food retail sector after successful trials with three potential customers. The New Zealand Exchange (NZX) listed tech company reported its result for the year to Dec 31 on Thursday morning. It declared a 19.7% lift in revenue to $79.7m – including North American revenue rising 11.3% to $54.1m – and said it expected revenue for the 2025 financial year could rise to $95m. Its internet of things segment revenue rose by 8.2%. AoFrio has some of the...

More Markets

NZ sharemarket rises as Infratil, Spark drive gains
Markets Market close

NZ sharemarket rises as Infratil, Spark drive gains

New Zealand shares ended firmer after Infratil and Spark posted gains.

Jamie Gray 27 Jun 2025
Rua Gold secures funding to step up hunt for NZ gold
Markets

Rua Gold secures funding to step up hunt for NZ gold

The funds will be used to carry out exploration over the next 12 to 18 months.

John Anthony 27 Jun 2025
Former CBL CFO must pay $1.2m for disclosure breaches
Markets

Former CBL CFO must pay $1.2m for disclosure breaches

The case was a first for New Zealand courts, FMA says.

John Anthony 27 Jun 2025
Investore buys New Lynn Bunnings site for $43 million
Property

Investore buys New Lynn Bunnings site for $43 million

Investore Property has struck a deal to acquire the Bunnings complex in New Lynn, Auckland.The company told the market on Friday it had entered an unconditional agreement to acquire the property for $43 million.The 2.2-hectare site at 2–12 Titirangi Rd features an 11,000sq m buil...

Staff reporters 27 Jun 2025