• Signed key new growth driver - Firehouse Subs Australia with first store expected to launch in mid FY26
• Beefy's opened its 14th outlet and on track to achieve 50 stores by 2028
• Company store focus will shift to Beefy's and Firehouse, with existing Gloria Jean's and Donut King stores to be sold to Franchise Partners

Retail Food Group Limited has delivered solid financial growth in a challenging market, with consecutive year-on-year improvement in network sales, revenue and underlying EBITDA. The company has progressed its 'Enhance' strategy, with advanced customer insights shaping modernized brand roadmaps, a new Voice of Customer platform, and initiatives to improve network quality and franchisee engagement. The 'Grow' strategy has seen continued expansion of the Beefy's Pies brand, a 20-year partnership to launch Firehouse Subs in Australia, and improved financial outcomes from the international network. The company is managing its legacy portfolio, with Brumby's Bakery being assessed for divestment options. Retail Food Group is focused on its core growth brands, including Gloria Jean's, Donut King, Beefy's Pies, Crust, and the upcoming launch of Firehouse Subs. The company has seen momentum building in Q4 FY25 and into FY26, with growth brands outperforming the underlying macro conditions.

Retail Food Group has committed to investing US$4 million per year for the first three years to fund the rapid growth of Firehouse Subs in Australia, with the aim of opening at least 165 new restaurants within 10 years. The company expects to open the first Firehouse Subs restaurant in mid FY26.

Retail Food Group is focused on delivering its 'Enhance' and 'Grow' strategies, including the launch of Firehouse Subs in Australia, continued expansion of the Beefy's Pies brand, and revitalizing the Gloria Jean's brand. The company is also exploring options for the divestment of Brumby's Bakery to focus resources on its other growth priorities.