What years are covered in the consolidated statements of income for Annex Brands, as presented in the FDD?

According to Annex Brands' 2025 Franchise Disclosure Document, the consolidated statements of income include data for the fiscal years ended September 30, 2024, 2023, and 2022. This means that the financial performance of Annex Brands is presented for the three most recent fiscal years, allowing prospective franchisees to review trends and assess the company's financial health over time.

The inclusion of three years of financial statements is a standard practice in franchise FDDs, as it provides a more comprehensive view of the franchisor's financial performance than a single year would. This allows potential franchisees to see how Annex Brands has performed over a period of time, which can be helpful in evaluating the stability and growth potential of the franchise system.

Specifically, the independent auditor's report confirms that the audit covered the consolidated balance sheets as of September 30, 2024 and 2023, and the consolidated statements of income, shareholders' equity, and cash flows for the years ended September 30, 2024, 2023, and 2022. This comprehensive audit by Lavine, Lofgren, Morris & Engelberg, LLP, provides an independent opinion on the fairness of Annex Brands' financial presentation for these years.