Debt Refinancing & Earnings Guidance
| Stock | Retail Food Group Ltd (RFG.ASX) |
|---|---|
| Release Time | 3 Feb 2026, 9:33 a.m. |
| Price Sensitive | Yes |
Retail Food Group Announces Debt Refinancing and Earnings Guidance
- Debt refinancing with new $41.2m facility from WHSP
- 1H26 Underlying EBITDA expected at $9.0-10.0m
- FY26 Underlying EBITDA Guidance of $20.0-24.0m
- Brumby's Bakery to be retained after divestment review
Retail Food Group Limited (RFG) has announced the successful refinancing of its senior debt facility via the establishment of a new 19-month, $41.2m facility with Washington H. Soul Pattinson & Company Limited (WHSP). The new facility refinances RFG's existing facilities with WHSP and provides an additional $7.5m drawdown to support the execution of the company's Enhance & Grow strategy and the capitalization of establishment costs. RFG Executive Chairman Peter George commented that the refinancing provides balance sheet certainty and scope to further pursue the company's strategic roadmap. Based on unaudited management accounts, RFG expects to report 1H26 Underlying EBITDA in the range of $9.0-10.0m, reflecting challenging trading conditions, the cycling of non-recurring insurance recovery proceeds, and a reduction in lease provision releases. RFG's 1H26 domestic Network Sales of $254.6m (-1.0% vs the pcp) remained resilient despite difficult retail trading conditions. The company has also decided to retain the Brumby's Bakery business following a review of potential divestment options. For FY26, RFG expects Underlying EBITDA of $20.0-24.0m, reflecting initiatives to improve efficiency and align the company's cost base with revenue expectations, as well as disciplined investment in growth opportunities, including the Firehouse Subs rollout and international operations.
RFG expects FY26 Underlying EBITDA of $20.0-24.0m, reflecting initiatives to improve efficiency and align the company's cost base with revenue expectations.
RFG remains focused on driving enhanced network sales and store-level profitability for its franchise partners via product innovation, brand refresh, and compelling marketing initiatives. The company is also pursuing growth opportunities, including the Firehouse Subs rollout and international operations.