Burger Fuel Group (BFG) AGM 2026 summary

Opening remarks and agenda

• Meeting opened with a quorum; notice had been circulated to shareholders on August 26, 2026.

• Agenda covered the Chair’s and CEO’s addresses, FY26 and FY27 year-to-date updates, Q&A, then two formal resolutions.

• FY26 annual report and audited financial statements had been circulated; shareholders could raise questions during Q&A.

Financial performance review

• FY26 net profit after tax was NZD 1.97m, up 91.8% YoY; total system sales rose 2.93% to NZD 111.4m and revenue rose 2.23% to NZD 25.5m.

• New Zealand system sales increased 4.12% to NZD 108m across 66 restaurants; results included a NZD 288,000 one-off gain from the Ponsonby store sale and lower legal costs.

• Cash closed FY26 at NZD 6.1m versus NZD 4.8m a year earlier, after NZD 1.34m invested in property, equipment and technology; no debt.

• FY26 was described as the strongest year to date; first-half FY27 New Zealand sales were ahead of the same period last year, against a softer comparison.

Board and executive committee updates

• The Chair introduced independent directors Tristram van der Meijden and Tyrone Foley, CEO and director Josef Roberts, and Company Secretary and CFO Mark Piet.

• Josef Roberts was standing for re-election as a director, retiring by rotation and offering himself for re-election.