• Signed 20-year agreement to launch Firehouse Subs in Australia with 165 new stores in 10 years
• Acquired CIBO Espresso, expects $1.2M-$1.8M FY26 EBITDA post-synergies
• Continued to enhance core brands, with 25 new domestic outlets opened in 1H25

Retail Food Group Limited (RFG) has announced its 1H25 financial results, showcasing continued growth and strategic initiatives. The company reported a 4.2% increase in underlying EBITDA to $16.0 million and a 24.7% growth in underlying revenue to $66.5 million. RFG's domestic network sales increased by 0.9% to $257.1 million, driven by a 4.8% rise in core café, coffee, and bakery (CCB) brands. The company opened 25 new domestic trading outlets in 1H25, with new store average weekly sales up 35.2% compared to closed core outlets. RFG also completed the acquisition of CIBO Espresso, a boutique coffee franchise, and expects to generate $1.2 million to $1.8 million in EBITDA post-synergies in FY26. Additionally, RFG signed a 20-year agreement to exclusively launch the Firehouse Subs brand in Australia, with plans to open 165 new restaurants within 10 years. The company continues to enhance its core brands through customer-led innovation, store of the future programs, and technology investments, while also rationalizing non-core brands. RFG remains focused on strengthening its network health, improving franchise recruitment, and driving international expansion of its Gloria Jean's and Donut King brands.

RFG expects to invest $7.5 million over the first three years to fund the rapid growth of the Firehouse Subs brand in Australia, with plans to open at least 165 new restaurants within 10 years.