• Revenue up 19.2% to $73.7 million
• Underlying EBITDA up 4.2% to $16.0 million
• Statutory NPAT up 73.8% to $7.3 million

Retail Food Group Limited (RFG) has reported its financial results for the half-year ended 27 December 2024. The Group's revenue increased by 19.2% to $73.7 million, driven by a 24.7% increase in underlying revenue. Underlying EBITDA grew by 4.2% to $16.0 million, while statutory NPAT increased by 73.8% to $7.3 million. The Group's Café, Coffee and Bakery (CCB) segment contributed 72.8% of network sales, with domestic network sales up 3.5% and same-store sales up 1.0%. The Quick Service Restaurants (QSR) segment saw a 5.4% decline in domestic network sales, impacted by competitor discounting. During the period, RFG opened 25 new outlets across its core brands and closed 23 outlets, of which 17 were low-performing. The Group also announced the acquisition of CIBO Espresso, adding 22 outlets to the network. RFG continues to focus on its core brands and consolidation of non-core brands.

RFG expects to have 15 Beefy's Pies outlets by the end of FY25, up from 9 at the time of acquisition in December 2023.