Business Central Incorporated Full Year Results
Following a comprehensive financial review and audit, Business Central has released its annual results for the 12 months ending 30 June 2025.
The review for the year just concluded, included prior-period adjustments for the previous financial year, to ensure accuracy and transparency.
One key adjustment involved reclassifying $800,000 of international trading revenue that had previously been recognised in FY23/24. This change followed expert advice and a review of revenue recognition practices.
After these adjustments, the comparative results show a loss of $1.1 million for the year ending June 2024. The loss narrowed in the year ending June 2025 to $731,757.
For the year under review, revenue rose slightly by $15,361 (.4%), while total expenses decreased significantly by $356,742 (-7%).
Board Chair Greg Pollock said the results reflect a challenging period for Business Central, shaped by broader economic conditions and internal transitions.
“We operated at a loss, reflecting the ongoing pressures many organisations are facing as the economy continues to recover. Despite this, Business Central remains financially resilient, supported by a strong balance sheet. It is encouraging to see losses narrowing, driven by stable revenue and a significant reduction in expenses."
“As part of our commitment to transparency and continuous improvement, we’ve reclassified international trading revenue and strengthened internal controls to deliver greater accuracy and consistency in our reporting, reinforcing trust and confidence in our processes going forward.”
Despite the challenges, Business Central’s commitment to delivering value for members has remained strong. Across member services, learning and development, advocacy, and regional engagement, we continue to offer high quality business advice and networking, and to support the issues that matter to business.
Across the financial year, Business Central’s events programme continued to grow, delivering 20 more events than the previous year, welcoming more than 1,000 additional attendees.
The organisation has focused on increasing opportunities to connect with more regional members through webinars and live-streamed events, delivering a Health and Safety webinar series, sessions on AI and Xero’s Know Your Numbers, and live streaming the popular Beehive to Business events.
“With a refreshed Board and senior management team in place, we are now focused on driving growth and delivering greater value to our members. Our new CEO, Hayley Horan, has hit the ground running, and her disciplined, energetic approach is already making an impact. Over the next year, we’re excited to deliver a strong events programme, undertake a strategic refresh, and grow our partnerships."
