Scales, the country's largest apple exporter, said it had benefited from higher-than-expected apple volumes and prices, for the full year to December result.
Revenue was up 3.7%, from the IPO forecast in June 2014 of $253.9 million to $263.3 million, underlying earnings before interest and tax was up 2.7% on the $29.5 million forecast to $30.3 million, with profit up 15.4%, from $15.9 million to $18.4 million.
Scales's average net debt was $3.3 million lower than the $44.1 million forecast, prompting it to pay an accelerated interim dividend of 3c per share - six months early.
Scales shares were up 3.3% on the result, at $1.56.
For its IPO, Scales raised $148 million, with its shares listing in July last year at $1.60, with private equity company Direct Capital selling down its 84.2% stake to 20%.
Craigs Investment Partners broker Peter McIntyre said the Mr Apple volumes were up 7.1% while prices were up 2.2%, with premium varieties 7.5% above forecasts, but traditional varieties were 1.2% lower.
''Historical orchard investment is expected to deliver a meaningful uplift in premium volumes over the next five years,'' Mr McIntyre said.
With the final dividend not to be declared until May, Mr McIntyre said it was ''prudent'' that Scales Corp's board waited to see how the current season was travelling before deciding on the dividend. Guidance for the full-year dividend is between 9.4c to 9.6c per share.
Mr McIntyre said while Scales had reiterated its forecast for next year's trading; of earnings before interest, tax, depreciation and amortisation of $41.2 million and after-tax profit of $20.8 million, Craigs' research was 5% down on those figures, due to a cautious stance around the potential impact of Russian import restrictions.
Scales Corp chairman Jon Mayson said the horticulture and food ingredients divisions materially exceeded their prospectus forecasts, with stronger-than-anticipated volumes and market prices.
Horticulture was up 6.2% on forecast to $23.9 million and food ingredients was up 43.5% on forecast, at $5.6 million.
Mr Mayson said the storage and logistics division loaded in higher-than-forecast volumes, but strength in demand for international food commodities drove record product throughput.
Storage and logistics was down 11.8% on forecast, at $12.3 million.
Managing director Andy Borland said Scales achieved higher-than-expected apple volumes across both premium and traditional apple varieties.
''We're particularly focused on maximising the quality of our apples and are constantly reviewing our orchard techniques and technology employed to drive improvements in the quality and quantity of premium apples,'' he said.
He said Scales' premium apples were sold for an average price 7.5% higher than IPO forecasts, and once again were up on the previous year, reflecting the strength of the Mr Apple brand.
As Scales' premium orchard matures, its premium apple volumes would increase by 43% over current levels, much of which be sold into Asian and Middle Eastern markets, he said.
Mr Borland said Scales was ''very well positioned'' to deliver growth for the short-to-medium term as historical and current investment initiatives matured.
