Australians spend more than $1.2 billion a year at the fast-food restaurants owned by BRW Rich-Lister Jack Cowin.
Mr Cowin's Competitive Foods Australia operates the Burger King franchise under the Hungry Jack's brand and some KFC stores. There are about 400 Hungry Jack's stores in Australia, employing more than 15,770 people.
Competitive Foods' accounts show receipts from customers were flat in the year to June 30, 2016, at $1.23 billion.
The company posted a $26.65 million profit, a 29.5 per cent fall on the previous year's $37.8 million profit.
The accounts contain no commentary on business conditions, but show Competitive Foods is cash-rich (it has $30 million in cash and cash equivalents) and spent a whopping $47 million on advertising, up 9 per cent.
Raw materials and consumables costs were up 8 per cent to $565.8 million. Employee benefit expenses also rose 10 per cent to $565.8 million, and rent and rates grew 8.7 per cent to $67 million.
Mr Cowin's wealth was valued at $1.28 billion in last year's BRW Rich 200, thanks also to his stake in high-flying pizza chain Domino's Pizza Enterprises, of which he is chairman.
Often described as Australia's fast-food king, the Canadian is also a director of Fairfax Media, the publisher of The Age and Sydney Morning Herald.
Australians spend about $23 billion a year on takeaway food, investment bank UBS estimated in December. Domino's recently posted a 26.8 per cent rise in sales to $1.16 billion, while burger giant McDonald's said its annual sales were $5 billion.
Competitive Foods was contacted for comment. No dividends were paid.
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