Americana Restaurants International (AMR) Q3 2025 earnings summary

Executive summary

• Q3 2025 revenues reached $622.7m, up 12.2% year-over-year, with net profit at $42.9m, a 14.7% increase compared to Q3 2024.

• For the nine months ended September 2025, revenues were $1,839.7m, up 14.4% year-over-year, and net profit was $135.4m, a 15.3% increase.

• EBITDA and net profit grew by 18.2% and 15.3% year-over-year, respectively, reflecting resilient operations and disciplined cost management.

• Maintained robust free cash flow generation and a debt-free balance sheet, supported by positive like-for-like sales momentum and strategic expansion.

• Growth was driven by robust like-for-like (LfL) sales, new store openings, and operational initiatives across power brands.

Financial highlights

• Q3 2025 EBITDA rose 18.6% year-over-year to $139.3m; 9M 2025 EBITDA increased 18.2% to $414.2m.

• Net profit margin improved by 0.7 percentage points in Q3 2025 and by 1.1 points in 9M 2025, adjusted for one-offs and tax impacts.

• Capex for Q3 2025 was $28.5m (4.6% of revenue); for 9M 2025, $78.2m (4.2% of revenue).

• Free cash flow for nine months reached $128.3m (+128% YoY), with a 53% conversion rate.

• Earnings per share for nine months was $0.0161 (+15.8% YoY).

Outlook and guidance

• Net new store openings (NSO) guidance for 2025 revised to 110–120, excluding the acquisition of 46 Pizza Hut stores in Oman.

• 78 new sites are under construction, supporting continued expansion.

• Forward-looking statements highlight expectations for continued growth, but caution is advised due to inherent risks and uncertainties in future performance.