Burger Fuel Group (BFG) H1 2025 earnings summary

Executive summary

• Net profit after tax for the six months ended 30 September 2024 was $438,733, down 24.5% year-over-year, mainly due to $221,688 in legal costs related to a shareholder's opposition to a capital return.

• Group operating revenue decreased 1.58% year-over-year to $12.4M; total system sales across all brands fell 5.04% to $54.8M, impacted by store closures and softer economic conditions.

• Revenue from continuing operations for the six months to 30 September 2024 was $12.85 million, a decrease of 1.76% compared to the same period last year.

• Net profit from continuing operations was $439,000, down 24.5% year-over-year.

• The group has no debt and held $4.4M in cash reserves at period end, following a $4.077M capital return to shareholders in June 2024.

Financial highlights

• Net profit after tax was $438,733, compared to $581,136 for the same period last year.

• Operating revenue was $12,374,643, down from $12,573,520 year-over-year.

• Total revenue for the period was $12.85 million, reflecting a 1.76% decline from the prior year.

• Basic and diluted EPS were 1.06 cents, down from 1.15 cents year-over-year.

• Net tangible assets per share decreased to $0.15 from $0.19 year-over-year.

Outlook and guidance

• Retail food and hospitality remain challenging, with expectations for the next 12 months to mirror the past six months.

• Some relief anticipated from potential reductions in inflation and interest rates, but economic growth outlook remains subdued.

• Continued investment in brand and store development, with upgrades expected to enter the market by mid-2025.