Annuncio • Jul 01
Retail Food Group Limited Announces Executive Changes, Effective 1 July 2026 Retail Food Group Limited advised that Mr. Ryan Chellingworth and Mrs. Zoe Green had been appointed Joint Company Secretaries of the Company, effective July 1, 2026. Mr. Chellingworth is RFG’s Chief Financial Officer. Mrs. Green brings deep institutional, legal and compliance knowledge to the role, having served as a key member of the Company’s in-house legal team for over 10 years. Mr. Mark Connors stepped down from the role of Company Secretary, effective July 1, 2026, and departed RFG following 22 years of service to the Company. New Risk • Jun 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 9.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Market cap is less than US$100m (€30.2m market cap, or US$34.8m). Board Change • May 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Abi Cheadle was the last independent director to join the board, commencing their role in 2026. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Feb 26
Retail Food Group Limited Announces Board Appointments Retail Food Group Limited announced the following: The Board has appointed Abigail Cheadle as an independent Non-Executive Director of the Company, such appointment to take effect following release of the Company's 1H26 results later this week. Ms. Cheadle is an experienced Chartered Accountant with a 30+ year track record of board and executive leadership across listed companies, government bodies and global professional services firms. Having served on the Board of 10 ASX-listed entities, twice as Chair and multiple times as Audit & Risk Committee (ARC) Chair, Abigail has expertise in financial oversight, transformation governance, and commercial strategy across a range of sectors. Ms. Cheadle currently chairs the Shriro Holdings Limited Board of Directors and is also a non-executive Director and ARC Chair of Advanced Innergy Holdings Limited; LGI Limited; and Reef Casino Trust. Former directorships include Novatti Limited; Isentia Group Limited; SurfStitch Group Limited; DXN Limited; Booktopia Group Limited and QANTM Intellectual Property Limited. Abigail is also a member of the Australian Institute of Company Directors (AICD) and holds a Bachelor of Business (Accounting) from the Queensland University of Technology. The Board has appointed Gary Brinkworth as a Non-Executive Director of the Company, such appointment to take effect following release of the Company's 1H26 results later this week. Mr. Brinkworth is a nominee director of Riguad Pty Ltd, a substantial shareholder in RFG, which is controlled by United Petroleum co-founders Avi Silver and Eddie Hirsch (UPL). Due to his association with UPL, Mr. Brinkworth is not considered independent. Mr. Brinkworth is an experienced Chief Executive Officer and company director with significant familiarity across large-scale retail and property operations, both locally and internationally. He was most recently Chief Executive Officer and Board Director of Herron Todd White and has previously served as Group Chief Executive Officer of United Petroleum. In addition, Mr. Brinkworth has also held key senior executive roles at Coles Group, BP and Incitec Pivot Limited. He currently serves on the Board of Scope Australia, a large-scale disability services provider, and chairs Scope's Finance and Sustainability Committee. Gary will also assume the roles of Chairman of the United Petroleum `Group of Companies' and Executive Director Real Estate for that group in early March 2026. Gary holds a degree in Economics and is a graduate of the Australian Institute of Company Directors (AICD). Having regard to the initiatives outlined in the Company's announcement of 3 February 2026, the Board has suspended its search for a new CEO at this juncture and formalised an extension of Mr. George's employment as Executive Chairman. Annuncio • Feb 03
Retail Food Group Limited to Report First Half, 2026 Results on Feb 26, 2026 Retail Food Group Limited announced that they will report first half, 2026 results on Feb 26, 2026 Annuncio • Jan 29
Retail Food Group Limited Announces Resignation of Non-Executive Director David Grant, Effective January 29, 2026 Retail Food Group Limited announced that David Grant has resigned as a non-executive director of the Company, effective January 29, 2026. Mr. Grant has been Chairman of RFG’s Audit & Risk Management Committee and joined the Board contemporaneously with RFG Executive Chairman, Peter George, in September 2018. He is the longest serving of RFG’s non-executive Directors. Mr. Grant has provided extensive experience, balance and pragmatism during a period of significant change for the Company, remaining independently minded and focused on the interests of the Company’s stakeholders. Annuncio • Jan 08
Retail Food Group Limited Appoints Mark Lindh as Non-Executive Director Retail Food Group Limited announced the appointment of Mark Lindh as a Non-Executive Director of the Company. Mark Lindh is an experienced public company director and corporate advisor with significant experience in advising predominantly listed companies encompassing a range of industries including technology, energy, resources, infrastructure and utilities. He is a founder and principal of AE Advisors, an investment house established in 2006, and has acted as the principal corporate and financial advisor to a number of Australian corporate success stories. Mark Lindh has extensive experience in Australian equity and debt markets and advising clients on capital raisings, mergers and acquisitions and investor relations. In addition, Mark Lindh is a Chairperson and Non-Executive Director of ASX-listed companies Maggie Beer Holdings Limited, Aerometrex Ltd. and Whitebark Energy Ltd, and a Non-Executive Director of ASX-listed company, Bass Oil Ltd. His appointment further complements the breadth of capability and experience on the Board that will serve the Company well in the future. Annuncio • Aug 13
Retail Food Group Limited to Report Fiscal Year 2025 Results on Aug 20, 2025 Retail Food Group Limited announced that they will report fiscal year 2025 results After-Market on Aug 20, 2025 Annuncio • Feb 12
Retail Food Group Limited to Report First Half, 2025 Results on Feb 19, 2025 Retail Food Group Limited announced that they will report first half, 2025 results on Feb 19, 2025 New Risk • Jan 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€85.3m market cap, or US$87.4m). Annuncio • Nov 05
Retail Food Group Limited (ASX:RFG) agreed to acquire Cibo Espresso Australia Pty Ltd from Retail Zoo Pty Ltd. for AUD 2.7 million. Retail Food Group Limited (ASX:RFG) agreed to acquire Cibo Espresso Australia Pty Ltd from Retail Zoo Pty Ltd. for AUD 2.7 million on November 4, 2024.The transaction will be financed through cash on hand.
The expected completion of the transaction is in mid FY25. Annuncio • Oct 25
Retail Food Group Limited, Annual General Meeting, Nov 28, 2024 Retail Food Group Limited, Annual General Meeting, Nov 28, 2024. Location: the anna rose room 1, level 4, robina events centre, tafe queensland, 94 laver drive, robina, queensland, Australia Reported Earnings • Aug 20
Full year 2024 earnings released Full year 2024 results: Revenue: AU$114.9m (up 3.2% from FY 2023). Net income: AU$5.80m (up AU$14.7m from FY 2023). Profit margin: 5.0% (up from net loss in FY 2023). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Hospitality industry in Germany. Annuncio • Aug 05
Retail Food Group Limited to Report Q4, 2024 Results on Aug 20, 2024 Retail Food Group Limited announced that they will report Q4, 2024 results on Aug 20, 2024 New Risk • Jun 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Annuncio • May 03
Retail Food Group Limited Enters into A Binding Deed to Settle the Class Action Retail Food Group Limited has entered into a binding deed to settle the class action commenced against it and two of its related entities in the Federal Court of Australia (Court) in October 2021 by a former franchisee of the Michel's Patisserie brand system on behalf of certain Michel's Patisserie franchisees, former franchisees and their related parties (class members). The settlement, which remains subject to Court approval, involves a dismissal of the proceeding by the applicant without RFG making any admission or any payment to the applicant, to any class member or towards the applicant's or the litigation funder's costs of the proceeding. The settlement includes releases by the applicant and class members in favour of RFG and its related respondent entities. RFG has agreed to release applicable class members from historical debts alleged in the proceeding. This release will have no financial impact on RFG's Fiscal Year 2024 results. RFG is pleased to have resolved the class action on this basis. Reported Earnings • Feb 21
First half 2024 earnings released First half 2024 results: Revenue: AU$53.3m (down 6.6% from 1H 2023). Net income: AU$4.20m (up AU$5.29m from 1H 2023). Profit margin: 7.9% (up from net loss in 1H 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Hospitality industry in Germany. Annuncio • Feb 12
Retail Food Group Limited to Report First Half, 2024 Results on Feb 20, 2024 Retail Food Group Limited announced that they will report first half, 2024 results on Feb 20, 2024 Annuncio • Dec 01
Retail Food Group Limited (ASX:RFG) entered into an agreement to acquire Beefys Pies for AUD 10 million. Retail Food Group Limited (ASX:RFG) entered into an agreement to acquire Beefys Pies for AUD 10 million on November 30, 2023. Annuncio • Oct 28
Retail Food Group Limited, Annual General Meeting, Nov 30, 2023 Retail Food Group Limited, Annual General Meeting, Nov 30, 2023, at 11:00 E. Australia Standard Time. Location: The Anna Rose Room #1, Level 4 Robina Events Centre, TAFE Queensland, 94 Laver Drive Robina Queensland Australia Agenda: To receive and consider the financial statements of the Company, together with the Directors' and Auditor's reports, for the financial year ended 30 June 2023; to Remuneration report; to consider Approval of a Previous Issue of Ordinary Shares; and to consider other matters. Board Change • Sep 29
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director David Grant was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Sep 25
Retail Food Group Limited Announces the Appointment of Jacinta Caithness as Non-Executive Director Retail Food Group Limited announced the appointment of Jacinta Caithness as a Non-Executive Director of the Company. Jacinta has over 20 years’ experience in the retail industry and has worked with some of Australia’s leading brands. She developed the franchise strategy and recruitment methodology for Boost Juice and Salsas at Retail Zoo, appointing over 160 franchisees within the domestic network over a five-year period. Later, as CEO International and Board member, Jacinta expanded the Boost business globally with the appointment of 18 master franchisees across 36 countries on 5 continents. She is an experienced nonexecutive director having served on the boards of Ventura Bus Lines since October 2016 and ASX listed Silk Laser Australia Limited since April 2022. Jacinta also serves on the Advisory Boards for Keiser Australia and Hattch, and was formerly a member of the Advisory Boards established by Schnitz, Empty Esky and Fuse Recruitment. Ms. Caithness will stand for election at RFG’s 2023 Annual General Meeting later in the year. Reported Earnings • Aug 23
Full year 2023 earnings released: AU$0.004 loss per share (vs AU$0.002 profit in FY 2022) Full year 2023 results: AU$0.004 loss per share (down from AU$0.002 profit in FY 2022). Revenue: AU$111.4m (up 8.6% from FY 2022). Net loss: AU$8.95m (down 284% from profit in FY 2022). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Annuncio • Aug 14
Retail Food Group Limited to Report Q4, 2023 Results on Aug 23, 2023 Retail Food Group Limited announced that they will report Q4, 2023 results on Aug 23, 2023 New Risk • Jul 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.8% average weekly change). Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (€88.5m market cap, or US$96.1m). Annuncio • Jun 15
Retail Food Group Limited Announces CEO Changes Retail Food Group Limited announced the appointment of Matthew Marshall to the role of Chief Executive Officer (CEO), effective 1 July 2023. Matt will drive the realisation of growth opportunities and sustainable value creation for the Company's stakeholders. Matt is promoted from his current position as Head of Retail where he has been responsible for driving strong operational outcomes in difficult retail environments, including through the Covid-19 pandemic. Matt has an extensive knowledge of all aspects of the Company's business and has played a vital role in implementing franchisee first and customer centric values and strategy. Further details on the outlook and strategy will be presented alongside year 2023 results in August 2023. Peter George will continue in an Executive Chairman role for a further 2 years during which he will focus on specific strategic growth projects as well as mentoring and supporting Matt to ensure a successful and orderly succession. Mr. George noted the time was right to implement an orderly succession process. CEO elect Matt Marshall said it was a privilege to be provided the opportunity to lead the Group on the next stage of its journey and build upon the momentum across RFG's business. Buying Opportunity • Mar 04
Now 26% undervalued Over the last 90 days, the stock is up 8.1%. The fair value is estimated to be €0.063, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Feb 28
First half 2023 earnings released: AU$0.001 loss per share (vs AU$0.002 profit in 1H 2022) First half 2023 results: AU$0.001 loss per share (down from AU$0.002 profit in 1H 2022). Revenue: AU$57.1m (up 14% from 1H 2022). Net loss: AU$1.09m (down 123% from profit in 1H 2022). Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 139 percentage points per year, which is a significant difference in performance. Annuncio • Jan 31
Retail Food Group Limited Appoints Rob Shore as Chief Financial Officer, Effective 17 April 2023 Retail Food Group Limited announced the appointment of Mr. Rob Shore as Chief Financial Officer, effective 17 April 2023. Mr. Shore is a chartered accountant with over 20 years' experience in senior finance roles both domestically and in the United Kingdom. He will join RFG from his most recent role as Chief Financial Officer of ASX-listed EML Payments Limited, where he played a key role in the development and execution of group strategy and led the transformation of their global finance function. Prior to joining EML, Mr. Shore held senior finance roles in the Asia Pacific businesses of US listed Valmont Industries Inc. Board Change • Nov 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. CEO & Executive Chairman Peter George was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 25
Full year 2022 earnings released: EPS: AU$0.002 (vs AU$0.004 in FY 2021) Full year 2022 results: EPS: AU$0.002 (down from AU$0.004 in FY 2021). Revenue: AU$102.6m (down 6.0% from FY 2021). Net income: AU$4.86m (down 35% from FY 2021). Profit margin: 4.7% (down from 6.8% in FY 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is expected to shrink by 8.2% compared to a 649% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 127% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. CEO & Executive Chairman Peter George was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 25
First half 2022 earnings: EPS in line with expectations, revenues disappoint First half 2022 results: EPS: AU$0.002 (down from AU$0.004 in 1H 2021). Revenue: AU$49.9m (down 11% from 1H 2021). Net income: AU$4.68m (down 46% from 1H 2021). Profit margin: 9.4% (down from 15% in 1H 2021). Revenue missed analyst estimates by 100%. Over the next year, revenue is expected to shrink by 15% compared to a 108% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 142% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Board Change • Nov 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. CEO & Executive Chairman Peter George was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 26
Full year 2021 earnings released: EPS AU$0.005 (vs AU$0.011 in FY 2020) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2021 results: Revenue: AU$109.1m (down 52% from FY 2020). Net income: AU$7.44m (down 48% from FY 2020). Profit margin: 6.8% (up from 6.4% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has fallen by 53% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 26
First half 2021 earnings released: EPS AU$0.004 (vs AU$0.053 in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: AU$52.5m (down 27% from 1H 2020). Net income: AU$8.62m (down 70% from 1H 2020). Profit margin: 16% (down from 40% in 1H 2020). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 69% per year, which means it is significantly lagging earnings.