Australian burger chain Grill’d has reported a $10.6 million loss for the financial year ending June 28, 2026, despite a significant increase in revenue. The company’s annual accounts, lodged with the Australian Securities & Investments Commission (ASIC) last week, show revenue climbed to $521 million from $441 million the previous year, representing a 20 percent rise.

Gross profit also grew, reaching $298.5 million compared to $259.8 million in the prior period. However, Grill’d’s net loss widened from just under $9 million the year before, reflecting higher expenses across several areas. Finance costs rose to $15.6 million, and marketing expenses increased to $13.6 million from $9 million. Employee and administrative expenses also jumped substantially, totaling $168.6 million and $74 million respectively. The company reported borrowings of $71.4 million.

Founded in 2004 by Simon Crowe in Hawthorn, Melbourne, Grill’d has expanded to operate more than 175 restaurants nationally. The brand is positioned in the market as offering healthier burger options. While the majority of the company’s revenue comes from its restaurants, a smaller portion is generated through branded products sold in retail channels.

Grill’d operates through a complex corporate structure divided into four accounting entities. Franchised restaurants bearing the Grill’d name are legally separate entities and are not included within Grill’d Pty Ltd’s financial reporting, although they remain part of the overall value chain.

Sources close to the business emphasize that Grill’d remains focused on growth despite the continuing losses. The company is reportedly opening about 25 new stores annually, with the expansion strategy seen as a priority even if it does not immediately impact profitability.

The release of Grill’d’s accounts coincided with the publication of financial results for Craveable Brands, the owner of fast-food chains including Oporto and Red Rooster. Craveable Brands, controlled by private equity firm PAG, reported an increase in comprehensive income to $25.9 million for the year ended June 28, up from $17.1 million the previous year, despite a slight revenue decline to $220.9 million from $228.4 million.

Craveable Brands also owns Chicken Treat and Chargrill Charlie’s, two other Australian fast-food chains operating in the competitive market alongside Grill’d.