Burger Fuel Group (BFG) H2 2025 earnings summary

Executive summary

• Net profit after tax for FY25 was $1,026,779, a 22.6% decrease year-over-year due to lower sales, increased costs, and economic downturn.

• Total system sales (all brands, all regions) fell 7.59% to $108.2M compared to the previous year.

• Legal costs of $221,688 related to a shareholder's opposition to a capital return impacted profit; capital return was completed in June 2024.

• 61 BurgerFuel restaurants operated in NZ and 3 in the Middle East as of March 2025; virtual Shake Out kitchens expanded.

Financial highlights

• Operating revenue declined 8.4% to $24.06M year-over-year; total income was $24.97M.

• Operating expenses were $21.26M, down from $22.95M the prior year.

• EBITDA was $3.32M, down from $3.59M year-over-year.

• Net profit before tax was $1.54M, down from $1.89M year-over-year.

• Basic and diluted EPS were 2.68 cents, compared to 2.64 cents last year.

Outlook and guidance

• Trading conditions remain challenging; no significant improvement in sales expected in the next 12 months.

• Costs, especially for ingredients and labour, are expected to continue rising in FY26.

• Focus remains on brand strength, menu innovation, IT investment, and selective new store openings.

• No dividends planned for the next 24 months following the capital return; dividend policy to be reviewed thereafter.