Q & A: Greg Balla, CEO, AoFrio
From June issue, NZ Manufacturer magazine. How is business? The business is in great shape and we’re genuinely optimistic about where we’re heading. In 2025, AoFrio’s revenue reached a record NZ$83.2 million, up 4.4% on the prior year with strong growth across our IoT business. We expect full-year 2026 to exceed this, supported by the commercial launch of our flagship products SCS800 and AoFrio iQ, which open the door to meaningful growth in IoT and software across the US and European markets. Part of what makes AoFrio a great company is the people on our team, and the relationship we have with customers. We have over 150 people in our organisation now, with around 100 of those in New Zealand. The team is growing and we’ve managed to keep our staff engagement high. Our customer NPS scores are around +62 which is really high for our industry, and that comes down to the great people in the regions building strong relationships Your blue-sky picture of future transformation must be a challenge that excites you? It absolutely does. We built a respected business based on the manufacture of high-quality EC motors and controllers. That’s our heritage. But what we’re building toward now is something quite different: an AI-powered intelligence company. The foundation is already there. We have almost a decade of data from 3.2 million connected devices in commercial beverage coolers, that competitors simply cannot replicate. What makes this genuinely exciting is that our hardware manufacturing heritage isn’t a constraint. It’s the very reason we can credibly pursue this transformation. Helping build AoFrio into a great New Zealand technology company is something I find deeply motivating. How long has AoFrio been a motor manufacturer? We began manufacturing our own EC motors back in 2001 and launched the ECR2 in 2016. […]
