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Oliver's Real Food Limited (ASX:OLI)

ALERT: Price-sensitive ASX Announcement for OLI
Current share price for OLI : $0.007 -0.002 (-22.22%)+
Announcement
Release
15 Sep 2025 3:43PM
Price at Release
$0.009
Full Release
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Summary
Oliver's Real Food Limited, trading on the ASX under the symbol OLI, provided an August trading update revealing significant improvements in financial performance as compared to the prior period. Despite a 6% decline in sales, the company managed to reduce expenses by 15% and improve their gross margin by 1%. This was achieved through initiatives such as closing unprofitable stores, enhancing staff training, and improving the in-store customer experience. Financial highlights include a revenue decrease from $4,088,000 to $3,844,000, a gross margin percentage increase to 63.81%, and an EBIT improvement from -$142,000 to $137,000. The operating result showed an improvement from a loss of $414,000 to a loss of $50,000, while a lease liability write-back contributed $801,000 to the non-performing bottom line. The company also resolved its exit from the Pheasant Nest Northbound store and plans to close two stores in Officer, Victoria, by the end of September 2025 due to unprofitability.
Key Points
  • Significant improvement in financial performance over previous period.
  • Sales decreased by 6% but expenses reduced by 15%, improving gross margin by 1%.
  • Revenue decline from $4,088,000 to $3,844,000 compared to prior period.
  • Gross margin percentage increased to 63.81%.
  • EBIT improved from a loss of $142,000 to a gain of $137,000.
  • Operating result improved from a loss of $414,000 to a loss of $50,000.
  • Lease liability write-back added $801,000 to finances.
  • Exit from Pheasant Nest Northbound store resolved.
  • Closure of unprofitable Officer, Victoria stores planned by September 2025.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.