AoFrio Reports Q3 Revenue Decline Amid Latin America Expansion
What happened
AoFrio Limited announced its financial results for the nine months ended September 30, 2026. The company reported that nine-month revenue fell 20% to $50.3 million, and EBITDA was $0.8 million. The company also confirmed that its 70-store food retail rollout in Latin America is progressing well, and it received its first purchase orders from major US bottlers for SCS 800 and AoFrio iQ.
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Why it matters
Despite a decline in revenue, AoFrio expects FY26 revenue to reach around $73 million and EBITDA of around $3 million. The expansion into Latin America and the securing of orders from US bottlers indicate growth in the company's commercial refrigeration market presence.
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Who's involved
- Latin AmericaRegion where AoFrio is expanding its food retail operations.
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The entities involved
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Latin America
region of the Americas where Romance languages are primarily spoken