Oliver's Real Food Ltd. (OLI) AI Stock Analysis

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Oliver's Real Food Ltd.

(ASX:OLI)

Select Model

Rating:48Neutral

Price Target:AUD 0.01▲(66.67% Upside)

Action:reiterated

Date:09/06/26

The overall score is heavily constrained by the company's extremely fragile balance sheet, which shows negative equity and high debt, posing a significant risk of financial distress. While the operational turnaround to positive free cash flow and a very low P/E ratio are encouraging, they are overshadowed by the fundamental weakness in the company's financial foundation and the ongoing decline in revenue.

Positive Factors

Cash-flow recoveryThe return to positive operating and free cash flow materially improves the company’s ability to fund operations internally. If sustained, this recovery can reduce reliance on external financing, support reinvestment in outlets, and provide a stronger foundation for stabilising the business over the next several quarters.

Negative Factors

Deeply negative equityDeeply negative shareholder equity indicates that liabilities materially exceed recorded assets, leaving little balance-sheet protection for investors. This weak capital position limits financial flexibility, increases sensitivity to operating setbacks, and can make refinancing or covenant management more difficult if performance deteriorates.

Oliver's Real Food Ltd. (OLI) vs. iShares MSCI Australia ETF (EWA)

Market Cap: AUD 3.24M
Dividend Yield: ―
Average Volume (3M): ―
Price to Earnings (P/E): 5.5
Beta (1Y): 0.58
Revenue Growth: -7.68%
EPS Growth: ―
Country: Australia
Employees: 120
Sector: Consumer Cyclical
Sector Strength: 61
Industry: Restaurants

Oliver's Real Food Ltd. Business Overview & Revenue Model

Company Description

Oliver's Real Food Limited operates as an Australian quick-service restaurant chain. Under the Oliver's brand, the company presents an extensive menu that includes various hot beverages, such as coffee, alongside refreshing smoothies and juices. Its...

How the Company Makes Money

OLI makes money primarily by selling food and beverages to customers through its Oliver’s branded outlets (e.g., prepared meals, snacks, and drinks), generating revenue at the point of sale. To the extent the company operates multiple sites, its earn...

Oliver's Real Food Ltd. Financial Statement Overview

Summary

Financial performance is mixed. The income statement shows a fragile return to profitability with declining revenue, scoring 45. The balance sheet is critically weak with negative equity and extreme leverage, scoring 10. Cash flow is a bright spot, turning strongly positive, scoring 70. The overall financial health is heavily weighed down by the distressed balance sheet.

Income Statement

45Neutral

Balance Sheet

10Very Negative

Cash Flow

70Positive

Financial statement breakdown
Breakdown	TTM	Jun 2026	Jun 2025	Jun 2024	Jun 2023	Jun 2022
Income Statement
Total Revenue	22.82M	22.82M	24.88M	26.39M	24.48M	19.11M
Gross Profit	4.88M	4.88M	4.35M	3.65M	4.16M	-1.24M
EBITDA	2.63M	2.63M	2.14M	1.21M	9.23M	-7.47M
Net Income	598.04K	598.04K	-2.91M	-2.31M	5.89M	-11.67M
Balance Sheet
Total Assets	7.86M	7.86M	10.52M	14.76M	9.38M	11.04M
Cash, Cash Equivalents and Short-Term Investments	273.48K	273.48K	209.33K	459.60K	275.94K	225.38K
Total Debt	22.29M	22.29M	25.51M	27.51M	20.61M	28.91M
Total Liabilities	26.40M	26.40M	29.67M	32.39M	24.71M	34.25M
Stockholders Equity	-18.55M	-18.55M	-19.14M	-17.63M	-15.32M	-23.21M
Cash Flow
Free Cash Flow	1.95M	1.95M	-112.29K	-1.38M	944.08K	-2.22M
Operating Cash Flow	2.09M	2.09M	133.86K	1.49M	1.17M	-1.86M
Investing Cash Flow	-31.58K	-31.58K	-243.42K	-3.06M	-191.36K	231.40K
Financing Cash Flow	-1.99M	-1.99M	-140.71K	1.75M	-930.31K	283.05K

Oliver's Real Food Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

AU:OLI against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AU:CEH	63Neutral	AUD 169.02M	28.02	2.75%	―	20.82%	―
Sector *	61Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
AU:GYG	57Neutral	AUD 2.75B	-102.41	-8.88%	0.71%	19.36%	-286.26%
AU:RFG	55Neutral	AUD 54.09M	51.12	0.57%	―	-9.06%	―
AU:DMP	54Neutral	AUD 2.10B	-17.65	-23.54%	2.29%	-11.19%	-2942.58%
AU:CKF	50Neutral	AUD 1.08B	25.27	10.53%	2.99%	4.81%	397.47%
AU:OLI	48Neutral	AUD 3.24M	5.45	-3.26%	―	-7.68%	―

* Consumer Cyclical Sector Average

Performance Comparison

AU:OLI and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
AU:OLI	Oliver's Real Food Ltd.	0.01	-0.00	-9.09%
AU:CKF	Collins Foods Limited	9.35	-1.31	-12.29%
AU:DMP	Domino's Pizza Enterprises Limited	25.06	3.90	18.42%
AU:RFG	Retail Food Group Limited	0.92	-0.52	-36.46%
AU:CEH	Coast Entertainment Holdings Limited	0.44	-0.06	-12.00%
AU:GYG	Guzman y Gomez Ltd.	27.65	4.26	18.23%

Oliver's Real Food Ltd. Corporate Events

Oliver’s Real Food Sets Out 2026 Corporate Governance Framework

Aug 31, 2026

Oliver’s Real Food Limited has detailed its 2026 corporate governance framework, underscoring the Board’s central role in overseeing strategy, performance, and risk across the group. The Board is accountable to shareholders, working to optimise compa...

Oliver’s Real Food Delivers Profit Turnaround and Invests in Store Upgrades

Aug 31, 2026

Oliver’s Real Food reported a statutory profit of $598,000 for FY2026, a $3.508 million turnaround from the prior year, despite an 8% drop in revenue to $22.845 million. EBITDAI rose 36.8% to $2.904 million, supported by steady gross margins of 63.85...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 06, 2026

Oliver's Real Food Ltd. AI Stock Analysis