Americana Restaurants International (AMR) Q2 2025 earnings summary

Executive summary

• Achieved 15.6% year-over-year revenue growth and 17.9% EBITDA increase in H1 2025, driven by strong like-for-like sales, new store openings, and operational efficiency.

• Net profit rose 15.7% to $92.5 million, supported by cost discipline and robust brand performance.

• Restaurant portfolio expanded to 2,638 stores, with 214 gross new restaurants added in the last 12 months and 53 under construction.

• Continued investment in digital transformation, product innovation, and inclusive hiring initiatives to drive sustainable growth and customer engagement.

• Signed exclusive franchise agreement with carpo, expanding into premium retail in Kuwait, Qatar, Bahrain, and Saudi Arabia.

Financial highlights

• Revenue reached $1.217 billion, up 15.6% year-over-year, with like-for-like sales growth of 12.4%.

• EBITDA grew 17.9% to $274.9 million, with margin improving from 22.1% to 22.6%.

• Net profit attributable to shareholders was $92.5 million, maintaining a 7.6% margin despite $8.2 million in new tax costs.

• Free cash flow surged 151% year-over-year to $111 million, with conversion improving to 68%.

• Gross CapEx was $50 million (4.1% of revenue), mainly for new stores and technology investments.

Outlook and guidance

• Guidance for 150–160 net new store openings in 2025 remains unchanged, with focus on modest expansion in UAE, KSA, Kuwait, and Iraq.

• Gross margins expected to remain in line with 2024; strong operating leverage to offset higher home delivery costs.

• Continued focus on product innovation, digital engagement, loyalty programs, and transaction recovery to drive growth.

• Strategic expansion and exclusive franchise agreements expected to support ongoing growth.