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)

Thu, 27 Feb 2025

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...

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