The ONE Group Hospitality Reports Second Quarter 2025 Financial Results; Revenues Increased 20% to $207.4 Million; Benihana Same Store Sales Increased 0.4% and STK Transactions Increased 2.8%

About this update from The One Group Hospitality, Inc.

DENVER - The ONE Group Hospitality, Inc. (' The ONE Group ' or the 'Company') (Nasdaq: STKS) today reported its financial results for the second quarter ended June 29, 2025 . Highlights for the second quarter 2025 compared to the same quarter in 2024 are as follows: Total GAAP revenues increased 20.2% to $207.4 million from $172.5 million ; Consolidated comparable sales* decreased 4.1%; Operating income decreased $0.4 million to $0.7 million ; the current year quarter includes $5.6 million of lease termination and exit expenses related to the exit of five grill locations; Restaurant EBITDA** increased 8.0% to $31.9 million from $29.6 million ; GAAP net loss increased $2.8 million to $10.1 million from GAAP net loss of $7.3 million ; the current year quarter includes $5.6 million of lease termination and exit expenses related to the exit of five grill locations; and Adjusted EBITDA*** attributable to The ONE Group Hospitality, Inc. increased 7.3% to $23.4 million from $21.8 million . 'I'm pleased to report that we met our expectations for the quarter while delivering strong top-line growth of 20% driven by the successful integration of our Benihana acquisition and continued execution of our key strategic initiatives. Benihana delivered positive same store sales and STK achieved positive traffic for the second and third consecutive quarters, respectively, clear indicators of underlying consumer engagement and brand strength,' said Emanuel 'Manny' Hilario, President and CEO of The ONE Group . 'We are focused on accelerating same store sales growth and pursuing asset-light and low-cost expansion strategies that enhance capital efficiency and balance sheet strength. We recently opened our second franchised Benihana Express location in Miami, Florida , allowing us to expand our Benihana brand without deploying capital. Looking ahead, we remain confident in our growth trajectory and are on track to open five to seven new venues this year while optimizing operations across our expanded portfolio. These initiatives reflect our ongoing efforts to increase shareholder value through a balanced and resilient operating model driven by strong top line growth and asset-light expansion,' concluded Hilario. Restaurant Development The Company plans to open five to seven new venues in 2025. We have opened the following restaurants to date in 2025: Owned Benihana restaurant in San Mateo, California ( March 2025 ) Owned STK restaurant in Topanga, California ( April 2025 ) Owned STK restaurant in Los Angeles, California ( May 2025 - relocation of our existing STK Westwood restaurant) Franchised Benihana Express restaurant in Miami, Florida ( June 2025 ) There is currently one Company-owned Benihana restaurant and one Company-owned Kona Grill restaurant under construction in the following cities: Owned Benihana restaurant in Seattle, Washington Owned Kona Grill restaurant in San Antonio, Texas (relocation of an existing Kona Grill restaurant) Liquidity and Share Repurchase Program As of June 29, 2025 , we held $15.1 million in cash and short-term credit card receivables and had $33.6 million available under our revolving credit facility. Under the current conditions, our credit facility does not have any financial covenants. In March 2024 , our Board of Directors authorized a $5 million share repurchase program. During the second quarter ended June 29, 2025 , the Company purchased 0.2 million shares for aggregate consideration of $0.6 million . 2025 Targets As of January 1, 2025 , we began reporting financial information on a fiscal quarter basis using four 13-week quarters with the addition of a 53rd week when necessary. For 2025, our fiscal calendar began on January 1, 2025 and ends on December 28, 2025 and our second quarter had 91 days. See full release at: https://ir.togrp.com/press-releases/detail/549/the-one-group-reports-second-quarter-2025-financial-results (C) 2025 Electronic News Publishing, source ENP Newswire

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