AoFrio reports 12.2% revenue increase despite challenges

AoFrio has reported a 12.2% increase in revenue for the first half of the 2025 financial year.

The company's ebitda was $700,000, lower than the $1.1 million in the same period last year, but above expectations.

The decrease in ebitda was attributed to one-off costs and expenses related to the expansion into new products and markets.

In the first quarter, revenue was 43.9% higher, but the second quarter experienced a 11.9% decline due to the impact of global trade issues and the anticipation of tariffs by some customers.

The company expects revenue and ebitda to be at the lower end of its guidance range for the full financial year.

AoFrio's chair, John Scott, expressed confidence in the company's performance and long-term outlook, despite the challenges in the broader trading environment.