Burger Fuel Group profit drops amidst challenging market

Burger Fuel Group (NZX:BFG) announced preliminary full-year results for the year ended March 31, 2025, revealing a decrease in net profit after tax to NZD 1,026,779, a 22.6% drop from the previous year. This decline is attributed to lower sales, increased costs, and general economic headwinds. Total system sales decreased by 7.59% to NZD 108.2 million. The company noted that legal costs of NZD 221,687 associated with addressing shareholder opposition related to a proposed capital return further impacted the financial results. Burger Fuel plans to continue to invest strategically in IT and intends to maintain a no material debt policy. As of March 31, 2025, Burger Fuel had 61 stores in New Zealand and 3 in the Middle East. The company does not intend to offer dividends in the next 24 months, at which time the dividend policy will be reviewed.