Burger Fuel Group's FY25 profit dips amid economic headwinds

Burger Fuel Group Limited (NZX:BFG) reported a net profit after tax of NZD 1.027 million for the fiscal year ended March 31, 2025, a decrease of 22.6% compared to the previous year's NZD 1.327 million. Total system sales decreased by 7.59% to NZD 108.210 million, reflecting broader economic challenges and legal costs of NZD 221,688 related to shareholder opposition to a proposed return of capital. New Zealand system sales decreased by 6.6% to NZD 104 million, with growth anticipated from new store openings and virtual Shake Out kitchens. The Middle East system sales were down 26%, representing 4.12% of total sales, with the closure of underperforming stores in Saudi Arabia. The company continues to invest in information technology with ongoing development of its online ordering platform. The group intends to continue strategic investment in IT and to maintain its "no material debt" policy. No dividends are expected in the next 24 months.