Americana Restaurants International Plc · ADX:AMR
Americana Restaurants International — FY2025 Earnings Presentation
32 slides from Americana Restaurants International's earnings presentation, Feb 9, 2026
Slide 1: FY25 Results Earnings Presentation
EARNINGS PRESENTATION FY25 RESULTS February 2026 BUILDING COMMUNITIES AROUND THE JOY OF FOOD 1
Slide 2: Agenda & Presenters
Agenda & Presenters AMARPAL SANDHU 01 Business Updates CHIEF EXECUTIVE OFFICER 02 Financial Review HARSH BANSAL CHIEF FINANCIAL OFFICER & CHIEF GROWTH OFFICER 03 The Way Forward PUJEET 04 Malak Al Tawouk Transaction PAREKH HEAD OF INVESTOR RELATIONS 05 Concluding Remarks and Q&A 2
Slide 3: Disclaimer
Disclaimer Cautionary Statement Regarding Forward Looking Information This presentation includes statements that are, or may be deemed to be, The forward-looking statements contained in this document speak only "forward looking statements". These forward-looking statements can as at the date of this
Slide 4: Business Updates
BUSINE UPDATE if <——
Slide 5: 2025 – Driven by Innovation, Rooted in Community
2025 – Driven by Innovation, Rooted in Community 2025 Wins Double Digit Efficiency Throughout 159 Net New Openings Growth The Business Revenue vs. FY 24 +14.2% YoY Gross Profit margin 1.3% expansion 119 40 Net Profit margin Organic Net NSOs Pizza Hut - Oman EBITDA vs. FY 24 +23.1% YoY expansion 1.5%
Slide 6: Q4 Brands Initiatives – Power Brands
Q4 25 Brands Initiatives – Power Brands Brand-led Innovation Driving Demand And Momentum, Supported By Brand Partnerships And Cultural Relevance 6
Slide 7: Our Purpose in Action – Q4 Updates
Our Purpose in Action – Q4 Updates Creating Opportunities And Building Communities Around The Joy Of Food. Egypt • Launch Education for All = Food for All Platform – A unifying platform for all our educational initiatives across the region, kicked off with a motivational welcome event for the new ba
Slide 8: FY25 Performance Dashboard
FY 25 Performance Dashboard REVENUES LFL RESTAURANT PORTFOLIO $2,508.8m 9.7% 14.2% increase (vs. FY 24) increase (vs. FY 24) 2,749 stores EBITDA NET PROFIT $595.6m $219.1m 23.1% increase (vs. FY 24) 38.0% increase (vs. FY 24) +216 1 CAPEX2 Cash Dividends3 +159 $125.2m $201.6m 1 5.0% of revenue 91.99
Slide 9: 119 Organic Net New Stores Added In FY25 Inline With Revised Guidance
119 Organic Net New Stores Added In FY 25 Inline With Revised Guidance Restaurant portfolio evolution Restaurant openings (1 Jan 25 – 31 Dec 25) (2021A – 2025A) No. of restaurants 110 173 252 155 1591 Organic Store Portfolio Evolution 170 (51) 40 2,749 29 7 2,709 44 2,590 141 46 300 +119 220 213 164
Slide 10: Financial Review
FINANCIAL REVIEW 10
Slide 11: 14.2% Revenue Growth YoY Driven By LFL Sales Growth And Portfolio Expansion
14.2% Revenue Growth YoY Driven By LFL Sales Growth And Portfolio Expansion Revenue bridge Revenue mix4 % of stable pegged currency (Q4 24 to Q4 25), $m 38 1 669 83% 83% 44 <1% 589 (3) <1% 6% 6% +13.6% Power Brands Growth/Niche 94% Other Brands 94% Q4'24 LFL NSO Closures FX Impact² Q4'25 Growth Grow
Slide 12: 7.8% LfL Growth in Q4 2025, Driven By Brand Initiatives And Pricing Strategies
7.8% Lfl Growth in Q4 2025, Driven By Brand Initiatives And Pricing Strategies Revenue by Power Brands (Q4 24 to Q4 25), $m YoY Growth1 LfL Growth3 Total 12.8% 8.0% 13.8% 7.4% 14.1% 6.2% 16.9% 13.5% 13.6% 7.8% 2 400 112 88 27 669 98 77 589 355 23 Q4 24 Q4 25 Q4 24 Q4 25 Q4 24 Q4 25 Q4 24 Q4 25 Q4 24
Slide 13: FY25 Strong Momentum Throughout The Year With Overall 9.7% LfL Growth
FY25 Strong Momentum Throughout The Year With Overall 9.7% Lfl Growth Revenue by Power Brands (FY 24 to FY 25), $m YoY Growth1 LfL Growth3 Total 12.7% 9.3% 17.9% 12.6% 19.9% 11.2% 9.0% 6.9% 14.2% 9.7% 2 433 330 94 2,509 1,494 2,197 1,325 367 275 87 FY 24 FY 25 FY 24 FY 25 FY 24 FY 25 FY 24 FY 25 FY
Slide 14: Y-o-Y Inventory Cost Reduction Driven By Procurement Discipline
Y-o-Y Inventory Cost Reduction Driven By Procurement Discipline, Supply Chain Efficiency, And Pricing Initiatives Cost of inventory1 evolution Q2 24 vs. Q2 23 Q3 24 vs. Q3 23 Q4 24 vs. Q4 23 Q1 25 vs. Q1 24 Q2 25 vs. Q2 24 Q3 25 vs. Q3 24 Q4 25 vs. Q4 24 Change2 % (2.7%) (1.7%) 0.2% (0.4%) 0.4%3 (0.
Slide 15: Strong Q4 2025 Performance vs. Q4 2024 On All Metrics
Strong Q4 2025 Performance vs. Q4 2024 On All Metrics With Major Enhancement In Profitability 4 Wall EBITDA EBITDA Net Profit (Q4 24 to Q4 25), $m (Q4 24 to Q4 25), $m (Q4 24 to Q4 25), $m +32.3% +36.2% +102.4% 250 200 25.00% 84 181 230 226 180 210 160 20.00% 190 140 133 171 170 120 15.00% 150 100 4
Slide 16: FY25 Showed Double-digit Growth, Fueled By Topline Momentum
FY 25 Showed Double-digit Growth, Fueled By Topline Momentum And Fixed-cost Leverage 4 Wall EBITDA EBITDA Net Profit (FY 24 to FY 25), $m (FY 24 to FY 25), $m (FY 24 to FY 25), $m +19.2% +23.1% +38.0% 800 700 25.00% 757 219 596 700 600 635 20.00% 600 500 484 159 15.00% 500 400 400 300 10.00% 28.9% 3
Slide 17: 1.8% Increase In Normalized Net Profit Margin In FY25
1.8% Increase In Normalized Net Profit Margin In FY25 Driven by Business Model Efficiency And Fixed Cost Leverage Net profit bridge Growth Net Profit Margin (FY 24 to FY 25), $m 7.2% 7.2% +1.8% 9.0% 8.7% 99 226 7 219 (30) (14) 159 157 (2) +$69M +44% FY24A FY24 FY24 Normalized Revenue Growth Others²
Slide 18: Prudent Capital Allocation And Disciplined Store Expansion
Prudent Capital Allocation And Disciplined Store Expansion, Preserving A Healthy 3.1-year Payback Key metrics by restaurants1 New restaurant openings1 by brands New Restaurants Avg. Capex / Payback Brand openings restaurant (years) ($k) 14% 147 502 2.3 37% 54 436 2.9 17% 71 338 4.9 67 134 > 5 years
Slide 19: Net Working Capital Improved And Measured Capital Deployment
Net Working Capital Improved And Measured Capital Deployment Net Working Capital Gross Capex $m $m (8.9%) (9.9%) 5.2% 5.0% (195) (248) 213 216 110 128 125 134 155 115 (440) (531) 31-Dec-24 31-Dec-25 Inventory Receivables Payables FY 24 FY 25 1 NWC NWC % of revenues Gross Capex Gross capex (% of reve
Slide 20: The Way Forward
THE WAY FORWARD:
Slide 21: 2026 Guidance
2026 Guidance Revenue Growth NSO Guidance Digital Leadership ✓ Mid Single Digit LfL growth ✓ 120 – 130 net NSO rollout in 2026; ✓ Maximizing ROI from kiosks, apps, loyalty, including new brands and personalization. ✓ Win brand love and trust through local relevance and communication ✓ NSOs focused o
Slide 22: Malak al Tawouk Transaction
Malak al Tawouk Transaction
Slide 23: The Malak Al Tawouk Brand
The Malak Al Tawouk Brand History Store Evolution • Founded in 1996 in Beirut, MAT is a family-owned Lebanese-QSR built around the Tawouk sandwich and other Lebanese street-food staples 60 65 70 • With ~45 stores currently operating in Lebanon, brand went international in 2019 47 53 27 29 33 39 with
Slide 24: Rationale For AMR and Transaction Highlights
Rationale For AMR and Transaction Highlights AMR x MAT – Why it works Strategic Fit Strong Brand Equity Quick Pan-GCC Scalability Attractive Commercials • Unlocks Arabic QSR segment for AMR • Flagship brand in authentic Arabic QSR • Small-box, low-capex store formats • Best-in-class AUVs • Expand cu
Slide 25: Concluding Remarks and Q&A
CONCLUDING REMARKS AND Q&A
Slide 26: Thank You
THANK YOU Americana Restaurants IR App Investor.Relations@americanarestaurants.com Capital Markets Day Ritz-Carlton, Dubai, JBR 17 April 2026
Slide 27: Appendix
APPENDIX
Slide 28: Portfolio Evolution – FY25
Portfolio Evolution – FY 25 (1 Jan 25 – 31 Dec 25) No. of restaurants – Openings & closures – FY 251 by country and brands No. of restaurants – by brand/category Kazakhstan 72 Openings Closures 65 147 32 29 Kuwait 18 Iraq 276 15 17 11 Lebanon 42 7 7 17 KFC Pizza Hut Hardee's Krispy Kreme Growth/Nich
Slide 29: Store Closures – FY25
Store Closures – FY 25 (1 Jan 25 – 31 Dec 25) Store Closures In FY 25 Brand Closures % of total stores1 FY 25 Power brands 50 2.0% Growth / Niche Brands2 7 2.4% Total 57 2.1% Source: 1. Calculated as store closures during FY 25 divided by total stores per category as of 31 Dec 25 Company information
Slide 30: Free Cash Flows And Movement In Cash & Cash Equivalents
Free Cash Flows And Movement In Cash & Cash Equivalents Movement in Cash & Cash Equivalents Free Cash Flow (FCF) $m $m FY 24 FY 25 (80) 121 EBITDA 484 596 Hyper Inflation Effect <1 1 Net Capex (113) (124) Change in Non-current Portion of Trade Payables (17) (17) 589 433 Tax (21) (36) (104) (102) Cha
Slide 31: EBITDA To Net Profit Reconciliation
EBITDA To Net Profit Reconciliation Post IFRS-16 basis $k FY 24 FY 25 Net profit attributable to shareholders of the company 158,759 219,123 Minority (Non-Controlling Interest) (7,355) (673) Income tax (including Pillar II), and Zakat 20,727 35,651 Finance cost (net) excluding finance costs on lease
Slide 32: Key Definitions
Key Definitions EBITDA: Gross capex: Net profit: EBITDA is defined as Net profit for the year plus finance cost Gross capex defined as purchase of property and equipment Refers to Net Profit attributable to the shareholders (net), plus income tax and zakat, plus depreciation and plus purchase of int
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