Latest AoFrio (NZX:AOF) News

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AoFrio Sees Q1 Revenue Fall but IoT Launches Set to Drive Growth

AoFrio Faces Q1 Revenue Hit from US Tariffs but Bets on IoT Growth

AoFrio’s first quarter revenue plunged 28% year-on-year, weighed down by the loss of a major US motor customer amid tariffs. The refrigeration tech firm is banking on new IoT product launches in Q2 to stabilise sales and improve profitability over 2026.

Sophie Babbage

13 May 2026