Burger Fuel Group Limited Analysis

Overview

The company listed on the NZAX market in July 2007.

The offer was for up to 15m shares (25% of the total) at $1 each with a minimum of $8m sought in order to list. Investors received 1 option for every 5 shares they acquired.

Founding Shareholders Chris Mason and Josef Roberts purchased shares from the public pool, on the same terms as all other applicants, to ensure the minimum subscription was met.

BFW has four main areas of revenue: up-front franchise fees, on-going royalty fees, sales of certain proprietary goods and store income from company-owned stores.

Performance

The following information was extracted from Burger Fuel Group Limited's half year results, released 28 November 2025:

Burger Fuel Group Ltd Half Year Results for the 6 months ended 30 September 2025

The Directors of Burger Fuel Group Limited (BFG) present the unaudited results for the 6 months to 30 September 2025.

Net Profit after tax for the period was $849,595 compared to $438,733 for the same period last year. This represents an increase of 93.6%.

Group Operating Revenue (excluding IFRS 16 interest income) decreased by (0.75%) on the same period last year to $12.3M.

The Group has no debt and as at 30 September 2025 had cash reserves of $5.6M.

Total system sales (all regions, all brands and virtual kitchens) were $54.6M for the period, representing a decrease of (0.3%) over the same period last year.

Total store numbers globally across all three brands were 68 as at 30 September 2025. Winner Winner and Shake Out accounted for 5.9% of total systems sales and BurgerFuel International sales accounted for 3.13% of total BurgerFuel sales.