Overview

• Revenue rose 23% in the year to 30 June, delivering a $14m net profit after a prior-year loss.
• Same-store sales increased 9.6% as 39 new restaurants opened, including 32 in Australia, four in Singapore, one in Japan and two in the US.
• The company declared a fully-franked 12.6c dividend as the stock fell nearly 20% following the results.
• US network sales grew 13% to $12.2m while underlying EBITDA losses doubled to $13.2m, with management still targeting at least 15 US restaurants and two more slated for 2025–26.
• Eighteen outlets now operate 24/7 and are outperforming the network, with 10 additional 24/7 sites planned as margins face pressure from delayed price increases.