Burger Fuel Group Ltd Half Year Results - 30 September 2025

2

Burger Fuel Group Limited
Consolidated Interim Financial Statements
For the Period Ended 30 September 2025



Contents Page


Chairman and Chief Executive’s Review 3-5

Consolidated Condensed Statement of Comprehensive Income 6

Consolidated Condensed Statement of Financial Position 7-8

Consolidated Condensed Statement of Changes in Equity 9

Consolidated Condensed Statement of Cash Flows 10

Notes to the Consolidated Interim Financial Statements 11-14

Company Directory 15

3
Burger Fuel Group Limited
Chairman and Chief Executive’s Review
For the period ended 30 September 2025

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

OVERVIEW

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.

BFG RESULTS (UNAUDITED) FOR THE PERIOD 1 APRIL TO 30 SEPTEMBER 2025

30 September 2025 30 September 2024

Operating Revenue * 12,282,171 12,374,577
Interest Income – IFRS 16 non-occupied leases 408,557 471,386
Total Income 12,690,728 12,845,963

Operating Expenses ** (10,476,482) (11,081,867)
Depreciation Expense – IFRS 16 occupied leases
(442,906) (423,740)
Interest Expense - IFRS 16 non-occupied leases
(408,557) (471,386)
Interest Expense - IFRS 16 occupied leases
(193,061) (197,002)
Total Expenses
(11,521,006) (12,173,995)




Net Profit (Loss) Before Tax 1,169,722 671,968
Net Profit (Loss) After Tax *** 849,595 438,733


* Revenue includes: Operating revenue and interest income but excludes interest income on non-occupied leases.
** Expenses include: Operating expenses, depreciation, amortisation and interest expense.
*** The New Zealand entities had taxable income and were unable to utilise the foreign tax losses. The overseas entities had minimal tax.

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.

OPERATING RESULTS

BurgerFuel New Zealand – 61 Stores

Total New Zealand BurgerFuel sales for the period was up 0.6% on the previous year.

NZ BurgerFuel sales are up $300K due to the opening of various franchised stores including the Whanganui store in July 2024 and
the Royal Oak store in Auckland in June 2025. These additional sales are partly offset by the closure of The Base store in Hamilton
in March 2025; however a replacement store opened on Te Rapa Straight in Hamilton in October 2025.

The new BurgerFuel stores in Royal Oak and Te Rapa have been well received and are performing well.

As part of the Group’s strategy and structure review, it was decided to sell its company owned store located in Ponsonby, Auckland.
The Board considers the Company would be better positioned to have this store run under the franchise model. This will not only
free up Head Office resources but will potentially also improve the store performance. This will have minimal impact on the Group
results going forward. The settlement date including operational transfer to the new franchisee is set to occur on 1 December 2025.

4

BurgerFuel Middle East (MENA) – 3 stores

BurgerFuel in the UAE and Saudi Arabia remain under the Development Agent agreement. BFG is generating modest royalties from
the region. We do not expect any further growth in MENA for FY26, however, we will continue to maintain a presence in the region,
as a small profit is being generated and we want to keep the BurgerFuel brand alive for both exposure and potential future
development, if at any stage that looks feasible for the DA. As a country, the Kingdom of Saudi Arabia in particular, is experiencing
considerable growth, however both store development and operating costs as well as competition, remain particularly high. This is
currently discouraging further development at this point.

The Middle East system sales for the 6 months to 30 September 2025 were down 26% in FY26. This is mainly due to Saudi Arabia
closing the Nakhlah store in September 2024.

Sales from this region represent 3.13% of total BurgerFuel system sales.

Shake Out and Winner Winner New Zealand (4 stores)

Sales are up 16% for the Shake Out brand compared to the same 6-month period last year, due to the opening of 21 virtual delivery
only stores in FY26. This sales increase was partly offset by the closure of the Shake Out Hamilton East store in March 2025 which
became a virtual store.

The Group now has 21 virtual (delivery only) Shake Out kitchens operating out of existing BurgerFuel sites, which cover most of
Auckland, Hamilton, Bay of Plenty and Christchurch. By the end of the financial year, we are scheduled to have around 30 Shake
Out virtual (delivery only) kitchens operating throughout New Zealand.

Sales volumes are relatively low, but these new virtual stores increase total store sales, providing franchisees with additional profit
for little to no additional labour costs and increase Shake Out brand awareness. Shake Out investment has been reduced to a modest
amount for FY26, but this brand provides us with a tool to help combat lower priced competition that can erode BurgerFuel sales. It
also provides a valuable testing environment for experimenting with both food and technology.

Winner Winner sales are down (18.8%) as at 30 September 2025 there was one store operating. Unfortunately, in September 2025
the founder of Winner Winner was forced to close his Hamilton East store when the once vibrant street, where that store was located,
lost patronage due to a new, modern food precinct opening close by. This was not a store we ever obtained royalties from. We can
also confirm that there is no investment into the Winner Winner brand at this time.


Investment in Information Technology

In FY26, we further developed the IT capability of the online ordering platform which is now fully integrated into Shake Out and
currently undergoing integration within the BurgerFuel system. The new Shake Out and Burgerfuel online ordering platforms are
performing well.

In the next financial year, we will be looking at the possibility of expanding revenue by offering the technology to independent third-
party industry vendors with the ultimate objective of BFG obtaining some royalty on external sales generated, via a SaaS model
managed by a third party. Regardless of this occurring, IT investment remains critical to the BurgerFuel franchise system to ensure
that we obtain, manage and utilise customer data more efficiently, as well as work to better control costs for our franchisees.

GROUP OUTLOOK

Retail in food and hospitality in general continues to be challenging. Whilst the recent interest rate cuts appear to be providing a
slight positive turn in consumer confidence, it remains to be seen if this will hold and ultimately grow consumer spending. Our
goal remains firmly on maintaining the momentum of both store sales and company performance into the second half of the year.

The big issue that we, and most New Zealand businesses are facing, is the constant rise of input costs which ultimately raises retail
prices and reduces operator margins. Increasing costs such as ingredients, rents and store operating expenses have been
considerable this year, and this is affecting all our outlets, but particularly those in the large inner cities where rents are simply
unsustainable, relative to turnovers. That said, our brand remains strong, and our customers appreciate the quality, service and
value that we provide.

We continue to look at industry related strategic opportunities but at present we are of the opinion that generally, the fast food and
hospitality sector margins remain too compressed to consider further external investment in this area. However, that may change
and if it does, the Group is well positioned to take advantage of any such opportunities.

5
In other operational areas, work continues on key metrics within the BurgerFuel system including both brand and store
development. Our focus remains on working closely with our dedicated franchisees to assist them in delivering the best possible
customer experience to our Burgerfuel fans.

Despite the weak economy and the challenges we face every day in our sector, the Board is pleased to have delivered a strong half-
year result, and our focus remains on continuing the work and strategies that have been implemented. We would like to thank all
shareholders, staff, franchisees, suppliers and of course our valued BurgerFuel customers for their continued support. On behalf of
the Board of Directors we wish you all a very Merry Christmas and all the best for 2026.

Best regards


Alan Gourdie

Josef Roberts
Chairman Group CEO

6

Burger Fuel Group Limited
Consolidated Condensed Statement of Comprehensive Income
For the period ended 30 September 2025




Unaudited Unaudited Audited

30 Sep
2025

30 Sep
2024
31 Mar
2025


6 months 6 months
Full Year












Revenue
12,207,491 12,278,125
23,860,756
Operating Expenses
(10,074,633) (10,732,771)
(20,538,033)
Profit before interest, taxation, depreciation and
amortisation
2,132,858 1,545,354 3,322,723



Depreciation on Property, Plant and Equipment
(187,940) (204,551)
(431,590)
Depreciation on Right of Use Assets
(442,906) (423,740)
(865,847)
Amortisation
(213,909) (144,545)
(289,153)

(844,755) (772,836)
(1,586,590)


Profit before Interest and Taxation

1,288,103 772,518 1,736,133



Interest Income
74,680 96,452
195,118
Interest Income leases non-occupied
408,557 471,386
918,461
Interest Expense
- -
-
Interest Expense leases occupied
(193,061) (197,002)
(395,786)
Interest Expense leases non-occupied
(408,557) (471,386)
(918,461)

(118,381) (100,550)
(200,668)

Profit before Taxation

1,169,722
671,968 1,535,465



Income Tax Expense
(320,127) (233,235)
(508,686)



Net Profit attributable to shareholders
849,595 438,733
1,026,779


Other comprehensive income:

Items that may be reclassified subsequently to profit
or loss:
Movement in Foreign Currency Translation Reserve
3,766 (29)
4,912



Total comprehensive income
853,361 438,704
1,031,691


Basic Net Earnings per Share (cents)
2.41 1.06
2.68

Diluted Earnings per Share (cents)
2.41 1.06 2.68

7
Burger Fuel Group Limited
Consolidated Condensed Statement of Financial Position
As at 30 September 2025
Unaudited Unaudited Audited


30 Sep
2025

30 Sep
2024
31 Mar
2025
6 months 6 months Full Year
Shareholders’ Equity



Contributed equity
7,836,208 7,836,208
7,836,208
Retained earnings
3,412,703 1,975,062
2,563,108
Capital Return Costs
(252,698) (252,698)
(252,698)
Foreign currency translation reserve
(280,515) (289,222)
(284,281)

10,715,698 9,269,350
9,862,337
Current assets

Cash and cash equivalents
5,650,836 4,444,758
4,826,098
Trade and other receivables
2,033,560 2,080,196
2,036,521
Prepaid licence fee
30,000 -
22,500
Tax receivable
- 74,947
21,157
Lease Receivable non-occupied
1,077,698 1,466,186
1,122,746
Contract Asset
87,713 35,374
64,095
Inventories
602,578 680,365
621,088
Loans
57,028 11,344
28,229

9,539,413 8,793,170
8,742,434
Non-current assets

Property, plant and equipment
2,009,833 2,139,369
2,083,969
Right of use asset - leases
5,281,720 5,711,443
5,674,107
Contract Asset
689,604 384,100
578,693
Lease receivable non-occupied
11,593,776 12,779,776
11,551,757
Deferred tax asset
481,501 551,354
493,818
Loans
112,544 98,083
61,607
Prepaid licence fee
260,000 -
277,500
Intangible assets
3,096,747 2,523,922
2,806,665

23,525,725 24,188,047
23,528,116
Total assets
33,065,138 32,981,217
32,270,550


Current liabilities

Trade and other payables
1,346,376 1,191,844
1,456,484
Contract Liability
240,533 204,320
181,359
Lease Liability
762,933 738,950
784,205
Lease Liability non-occupied
1,077,698 1,466,186
1,122,746
Income tax payable
180,058 -
-
Provisions
486,299 501,813
400,802

4,093,897 4,103,113
3,945,596
Non-current liabilities

Contract Liability
936,527 807,739
905,128
Lease Liability
5,674,498 5,972,997
5,956,240
Lease Liability non-occupied
11,593,776 12,779,776
11,551,757
Provisions
50,742 48,242
49,492

18,255,543 19,608,754
18,462,617
Total liabilities
22,349,440 23,711,867
22,408,213

Net assets
10,715,698 9,269,350 9,862,337

8


Burger Fuel Group Limited
Consolidated Condensed Statement of Financial Position (continued)
As at 30 September 2025


Unaudited Unaudited Audited


30 Sep
2025

30 Sep
2024
31 Mar
2025

Net tangible assets per share
($ per share – non-GAAP measure)

0.20 0.18 0.19




For and on behalf of the Board on 28 November 2025



Alan Gourdie

Josef Roberts
Chairman Group CEO

9
Burger Fuel Group Limited
Consolidated Condensed Statement of Changes in Equity
For the period ended 30 September 2025


September 2025
Contributed
Equity
Foreign
currency
translation
reserve
Return of
Capital Cost
Retained
earnings
Total equity

$ $ $ $ $
Balance as at 1 April 2025 7,836,208 (284,281) (252,698) 2,563,108 9,862,337
Movement in foreign currency translation reserve
recognised in other comprehensive income
- 3,766 - - 3,766
Net Profit for the period ended 30 September
2025
- - - 849,595 849,595
Total comprehensive income - 3,766 - 849,595 853,361


Balance as at 30 September 2025 7,836,208 (280,515) (252,698) 3,412,703 10,715,698

September 2024
Contributed
Equity
Foreign
currency
translation
reserve
Return of
Capital Cost
Retained
earnings
Total equity

$ $ $ $ $
Balance as at 1 April 2024 11,913,499 (289,193) - 1,536,329 13,160,635
Return of Capital (4,077,291) - (252,698) - (4,329,989)
Movement in foreign currency translation reserve
recognised in other comprehensive income
- (29) - - (29)
Net Profit for the period ended 30 September
2024
- - - 438,733 438,733
Total comprehensive income - (29) (252,698) 438,733 438,704


Balance as at 30 September 2024 7,836,208 (289,222) (252,698) 1,975,062 9,269,350

March 2025

Contributed
Equity
Foreign
currency
translation
reserve
Return of
Capital Cost
Retained
earnings
Total equity

$ $ $ $ $
Balance as at 1 April 2024 11,913,499 (289,193) - 1,536,329 13,160,635
Return of Capital (4,077,291) - (252,698) - (4,329,989)
Movement in foreign currency translation reserve
recognised in other comprehensive income
- 4,912 - - 4,912
Net Profit for the period ended 31 March 2025 - - - 1,026,779 1,026,779
Total comprehensive income - 4,912 - 1,026,779 1,031,691


Balance as at 31 March 2025 7,836,208 (284,281) (252,698) 2,563,108 9,862,337

10
Burger Fuel Group Limited
Consolidated Condensed Statement of Cash Flows
For the period ended 30 September 2025


Unaudited Unaudited Audited


30 Sep
2025

30 Sep
2024
31 Mar
2025



6 months 6 months
12 months
$ $ $
Cash flows from operating activities
Receipts from customers
12,208,947 12,300,998 23,611,463
Interest received
74,680 96,452 195,118
Goods and services tax
35,802 42,984 45,823
Payments to suppliers & employees
(10,149,887) (11,297,710) (21,019,282)
Interest paid
- - -
Interest on leases
(193,061) (197,002) (395,786)
Taxes paid
(106,594) (613,250) (777,377)
Net cash flow provided from / (applied to)
operating activities 1,869,887 332,472 1,659,959


Cash flows from investing activities
Repayments of loans 20,264 56,013 75,603
Loans to franchisees (100,000) (147,000) (147,000)
Sale of property, plant and equipment 7,826 61,521 62,765
Acquisition of intangible assets
(503,990) (620,125) (1,047,476)
Acquisition of property, plant & equipment
(116,187) (106,596) (286,152)
Net cash flow applied to investing activities
(692,087) (756,187) (1,342,260)


Cash flows from financing activities

Return Of Capital
- (4,329,989) (4,329,989)
Lease Liability Principal Component
(354,888) (371,845) (739,683)
Net cash flows applied to financing activities
(354,888) (4,701,834) (5,069,672)

Net movement in cash and cash equivalents
822,912 (5,125,549) (4,751,973)
Exchange gain / (loss) on cash and cash equivalents
1,826 (853) 6,911
Opening cash and cash equivalents
4,826,098 9,571,160 9,571,160
Closing cash and cash equivalents
5,650,836 4,444,758 4,826,098

11
Burger Fuel Group Limited
Notes to the Interim Consolidated Financial Statements
For the period ended 30 September 2025

1) REPORTING ENTITIES AND STATUTORY BASE

Burger Fuel Group Limited is a company registered under the Companies Act 1993 and is listed with the New Zealand Stock
Exchange (NZX). The company is a Financial Markets Conduct (FMC) reporting entity for the purposes of the Financial
Markets Conduct Act 2013 and its financial statements comply with that Act. These Interim Consolidated Financial
Statements also comply with NZ IAS 34 and have been prepared on a going concern basis.

The financial statements presented are those of Burger Fuel Group Limited (the ‘Group’). A list of its wholly owned subsidiaries
is listed in note 2 of the financial statements.

BurgerFuel operates as a franchisor of gourmet burger restaurants and is a for-profit oriented entity, incorporated and domiciled
in New Zealand.

2) STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES

2.1) STATEMENT OF COMPLIANCE

The condensed consolidated interim financial statements should be read in conjunction with the annual financial statements for
the year ended 31 March 2025, which have been prepared in accordance with NZ IFRS.

2.2) REPORTING ENTITY

The consolidated financial statements for the Group are for the economic entity comprising Burger Fuel Group Limited and its
subsidiaries.

Burger Fuel Group Lease Limited BF Lease Company No 6 Limited BF Lease Company No 32 Limited
Burger Fuel Worldwide Limited BF Lease Company No 7 Limited BF Lease Company No 34 Limited
Burger Fuel (Dubai) NZ Limited BF Lease Company No 8 Limited BF Lease Company No 35 Limited
Burger Fuel International Limited BF Lease Company No 9 Limited BF Lease Company No 36 Limited
Burger Fuel (Australia) Pty Limited BF Lease Company No 10 Limited BF Lease Company No 37 Limited
Burger Fuel (Australia) No2 Pty Limited BF Lease Company No 11 Limited BF Lease Company No 38 Limited
Burger Fuel International Management
Limited
BF Lease Company No 12 Limited BF Lease Company No 39 Limited
Burger Fuel Limited BF Lease Company No 13 Limited BF Lease Company No 40 Limited
BurgerFuel Henderson Limited BF Lease Company No 14 Limited BF Lease Company No 41 Limited
Burger Fuel Takapuna Limited BF Lease Company No 17 Limited BF Lease Company No 42 Limited
Winner Winner Limited BF Lease Company No 18 Limited BF Lease Company No 44 Limited
Shake Out Limited BF Lease Company No 19 Limited

Concept Brands Limited BF Lease Company No 20 Limited

Shake Out Commercial Bay Limited BF Lease Company No 21 Limited

Shake Out Container Limited BF Lease Company No 23 Limited

Burger Fuel Pty Limited BF Lease Company No 24 Limited

Burger Fuel Australia Pty Limited BF Lease Company No 25 Limited

BFG Delivery Kitchen Limited BF Lease Company No 26 Limited

BF Lease Company Limited BF Lease Company No 27 Limited

BF Lease Company No 3 Limited BF Lease Company No 28 Limited

BF Lease Company No 4 Limited BF Lease Company No 29 Limited

BF Lease Company No 5 Limited BF Lease Company No 30 Limited

12
Burger Fuel Group Limited
Notes to the Interim Consolidated Financial Statements
For the period ended 30 September 2025

3) ACCOUNTING POLICIES
The accounting policies and methods of computation applied are consistent with those of the annual financial statements for
the year ended 31 March 2025, as described in the annual financial statements.

4) SEGMENT INFORMATION

Operating Segments
The Group operates in two geographical segments – New Zealand & International.
All the segment operations are made up of franchising fees, royalties and sales to franchisees. The segments are in the business
of Franchise Systems - Gourmet Burger Restaurants. New Zealand’s segment result is also due to the amortisation of intangible
assets.



September 2025
New Zealand
International Total

$ $ $
Revenue
6 months
6 months
6 months
Sales
5,101,830 - 5,101,830
Royalties
3,209,167 48,265 3,257,432
Franchising fees
150,594 12,496 163,090
Training fees
- - -
Property Management fees
59,000 - 59,000
Advertising fees
2,240,011 - 2,240,011
Foreign exchange gain
- (1,939) (1,939)
Sundry income
1,130,143 - 1,130,143
Online Ordering Income
257,924 257,924
Interest received
74,657 23 74,680
Interest received - leases
408,557 - 408,557
Total Revenue
12,631,883
58,845 12,690,728



Interest Expense -
-
-
Interest Expense leases occupied
193,061 - 193,061
Interest Expense leases non-occupied
408,557 - 408,557
Depreciation
187,940 - 187,940
Depreciation leases
442,906 - 442,906
Amortisation
213,909 - 213,909


Segment Result before Tax
1,161,098 8,624 1,169,722
Income Tax Expense 320,127 - 320,127

Segment Assets 32,971,600 93,538
33,065,138
Segment Liabilities 22,331,021 18,419
22,349,440

Acquisition of Property, Plant & Equipment & Intangible Assets

Other 620,178

- 620,178

13



Operating Segments (Continued)

September 2024
New Zealand
International Total

$ $ $
Revenue
6 months
6 months
6 months
Sales 5,333,092 - 5,333,092
Royalties 3,122,756 64,837 3,187,593
Franchising fees 190,137 12,496 202,633
Training fees 15,000 - 15,000
Property Management fees 60,000 - 60,000
Advertising fees 2,131,357 - 2,131,357
Foreign exchange gain - (824) (824)
Sundry income 1,095,753 - 1,095,753
Online Ordering Income 253,521 - 253,521
Interest received 96,434 18 96,452
Interest received - leases 471,386 - 471,386
Total Revenue 12,769,436 76,527 12,845,963



Interest Expense -
-
-
Interest Expense leases occupied 197,002
-
197,002
Interest Expense leases non-occupied 471,386
-
471,386
Depreciation 204,551
-
204,551
Depreciation leases 423,740
-
423,740
Amortisation 144,545
-
144,545


Segment Result before Tax 697,816
(25,848)
671,968
Income Tax Expense
233,235
-
233,235

Segment Assets
32,485,524 495,693 32,981,217
Segment Liabilities
23,691,168 20,699 23,711,867


Acquisition of Property, Plant & Equipment & Intangible Assets

Other 726,720

- 726,720

14


Operating Segments (Continued)

March 2025 New Zealand International Consolidated

$ $ $
Revenue

Sales 10,350,969 - 10,350,969
Royalties 6,147,087 126,856 6,273,943
Franchising fees 370,109 24,991 395,100
Training fees 37,500 - 37,500
Property management fees 60,000 - 60,000
Advertising fees 4,198,525 - 4,198,525
Foreign exchange gain - 1,999 1,999
Sundry income 2,045,396 - 2,045,396
Online Ordering 497,324 - 497,324
Interest received 195,077 41 195,118
Interest Leases 918,461 - 918,461
Total Revenue 24,820,448 153,887 24,974,335



Interest Expense - - -
Interest Expense Leases Occupied 395,786 - 395,786
Interest Expense Leases non occupied 918,461 - 918,461
Depreciation 431,590 - 431,590
Depreciation Leases 865,847 - 865,847
Amortisation & impairment 289,153 - 289,153

Segment Result before Income Tax 1,590,787 (55,322) 1,535,465
Income Tax Expense 508,686 - 508,686

Segment Assets 31,682,258 588,292 32,270,550
Segment Liabilities 22,395,960 12,253 22,408,213

Acquisition of Property, Plant & Equipment & Intangible Assets


Other 1,333,628 -

1,333,628

15

Burger Fuel Group Limited
Company Directory
As at 30 September 2025

NZ Companies Office - Registered Office Accountants
Burger Fuel Group Limited Bridgepoint Group Accounting Pty Ltd
66 Surrey Crescent Suite 301, 8 West Street,
Grey Lynn North Sydney
Auckland 1021 NSW 2060
Australia
Company Number
1947191 Auditors

Baker Tilly Staples Rodway Auckland
Date of Incorporation Level 9, Tower Centre
14-Jun-07
45 Queen Street
Auckland 1010

Directors
Alan Gourdie - Chair (Independent)
Tristram van der Meijden - Chair of Audit Committee (Independent)
Tyrone Foley (Independent)
Josef Roberts (Executive)


Board Executives
Mark Piet (Chief Financial Officer / Company Secretary)


Business Headquarters
66 Surrey Crescent
Grey Lynn
Auckland 1021


Bankers
ASB Bank Limited
CBA Bank Limited (Australia)

Solicitors

Dentons Kensington Swan, 18 Viaduct Harbour Avenue, Auckland 1011.

Buddle Findlay, HSBC Tower, 188 Quay Street, PO Box 1433, Auckland 1140.

Wynn Williams PO Box 2401, Shortland Street, Auckland 1140.

Corporate Counsel Limited Solicitors, P.O Box 37-322, Parnell, Auckland 1151


Directors and Officers diversity


30 Sept 2025 30 Sept 2024

Male Female Male Female
Directors 4 - 4 -
Executive/ Leadership Team 5 1 5 1
Total Head Office Staff 18 20 22 20

For additional information, please visit our website
https://www.burgerfuel.com/nz/investor-relations

---

Results for announcement to the market
Name of issuer Burger Fuel Group Limited
Reporting Period 6 months to 30 September 2025
Previous Reporting Period 6 months to 30 September 2024
Currency NZD
Amount (000s) Percentage change
Revenue from continuing
operations
$12,691 (1.21%)
Total Revenue $12,691 (1.21%)
Net profit/(loss) from continuing
operations
$850 93.65%
Total net profit/(loss) $850 93.65%
Interim Dividend
Amount per Quoted Equity Security Not Applicable
Imputed amount per Quoted Equity
Security
Not Applicable
Record Date Not Applicable
Dividend Payment Date Not Applicable
Current period Prior comparable period
Net tangible assets per Quoted
Equity Security
$0.20 $0.18
A brief explanation of any of the
figures above necessary to enable
the figures to be understood
Please refer 30 September 2025 results announcement.
Authority for this announcement
Name of person authorised to make
this announcement
Mark Piet
Contact person for this
announcement
Mark Piet
Contact phone number 021 453 333
Contact email address Mark.Piet@Burgerfuel.com
Date of release through MAP 28/11/2025

Unaudited financial statements accompany this announcement