Latest Franchising News

FirstWave Cloud Technology has sharply reduced its FY26 loss and generated positive operating cash flow as network monitoring and Latin American revenue accelerated. But a $5.35 million net current asset deficiency, covenant breach and planned capital raise leave the turnaround dependent on continued execution.

Viva Leisure used FY2026 to prove its existing club network could generate stronger returns without rapid expansion, lifting revenue 12.2% and underlying NPAT 46.4%. The ASX-listed fitness group is now preparing to accelerate openings while reviewing options for its faster-growing payments and technology business.

Structural Monitoring Systems (ASX:SMN) delivered record FY26 revenue, a sharp lift in profit and $6.0 million of free cash flow as its avionics business outpaced contract manufacturing. The balance sheet is now free of bank debt, but the next leg of the story still depends on FAA approvals and converting CVM technology into commercial revenue.

Delegat Group delivered record operating earnings and cash flow in FY26, but reported profit fell after a NZ$8.7 million impairment and other fair-value adjustments. The NZX-listed wine company is forecasting higher case sales and operating NPAT of NZ$62 million to NZ$66 million for FY27.

Kelsian Group delivered record FY26 earnings and lifted its fully franked dividend, while preparing to become a more focused bus, coach and ferry operator. The next test is execution: completing the conditional tourism sale, mobilising new contracts and delivering against FY27 EBITDA guidance.

Crimson Consulting has extended its A$0.73-a-share offer for Kip McGrath to 14 October and says it now has a path to control the company with just over half the register. The bidder says support and intentions represent 50.89% of shares, although part of that figure remains conditional.

Corporate Travel Management (ASX:CTD) posted a $17.7 million profit for FY26, reversing a $348.5 million loss the previous year, driven by stronger earnings in ANZ and Europe and progress on UK customer settlements.

Collins Foods posted record FY26 revenue and underlying profit, exited Taco Bell to focus on KFC growth, and outlined ambitious expansion plans in Germany and Australia.

Joyce Corporation Ltd (ASX: JYC) posted a record FY26 profit of $10.8 million, up 32% on normalised NPAT, underpinned by strong growth in its KWB kitchen and wardrobe business and improved Bedshed franchise performance. The company declared a fully franked final dividend of 17 cents, lifting the full-year payout to 30 cents per share.

Waterco Limited delivered a robust turnaround in FY26 with net profit after tax soaring 61.6% to $15.5 million on modest revenue growth. The company expanded its Swimart franchise, advanced manufacturing insourcing, and boosted dividends to 20 cents per share fully franked.

Kip McGrath Education Centres reversed prior losses with a $2.5 million profit in FY26 despite a 4.3% revenue dip driven by franchise consolidation and foreign exchange headwinds. The company declared a special dividend and faces an unsolicited $0.73 per share takeover offer.

Harvey Norman Holdings reported a 10.9% rise in profit before tax excluding one-off adjustments, driven by international retail growth and a robust property portfolio. The company declared a fully franked 13 cent final dividend, maintaining a strong balance sheet with conservative gearing.