Australian small and medium-sized enterprises (SMEs) are grappling with rising energy costs as federal rebates conclude, despite early recovery signs entering 2026. The MYOB Business Monitor survey of 1,087 SMEs reveals that energy bills have become the primary financial strain, with 30% of respondents feeling significant pressure—an 11% increase in six months. Many anticipate higher costs during the peak summer trading period, emphasizing the urgent need for energy management.
Despite these challenges, nearly 24% of business owners remain optimistic about economic improvements, particularly younger and startup operators. With 19% of SMEs reporting revenue growth attributed to consumer demand, the outlook indicates stabilization.
Business owners are now reevaluating pricing strategies and operational efficiency, with increasing interest in digital tools and automation to mitigate rising costs. MYOB CEO Paul Robson highlights the importance of adapting to this new environment for long-term competitiveness and profitability. As firms navigate these pressures, strategic planning and technological investment will be crucial.
Source link
