Collins Foods (CKF) H1 2026 earnings summary

Executive summary

• Achieved record first-half revenues of $750.3 million, with strong profit and margin improvements despite challenging consumer conditions.

• Underlying EBITDA rose 11% to $113.9 million; underlying NPAT up 29.5% to $30.8 million; statutory NPAT was $27.2 million.

• Significant reduction in net debt and successful debt refinancing, providing capacity for future growth initiatives.

• Continued investment in core businesses, technology, and sustainability, with operational excellence driving results.

• Upgraded full-year outlook, targeting mid to high teens underlying NPAT growth.

Financial highlights

• Revenue up 6.6% year-over-year to $750.3 million, a company record.

• Underlying EBITDA up 11% to $113.9 million; underlying NPAT up 29.5% to $30.8 million.

• Statutory NPAT was $27.2 million, up from $24.1 million year-over-year.

• Fully-franked interim dividend of 13.0 cents per share, up from prior period.

• Return on equity increased 190 bps to 14.1%; underlying EPS up to 26.1 cents per share.

Outlook and guidance

• Upgraded FY26 guidance: targeting mid to high teens percentage growth in underlying NPAT post-IFRS 16.

• Early second-half trading shows continued sales growth in all markets; KFC Australia same-store sales up 3.6% in first seven weeks.

• Expecting margin tailwinds from easing poultry prices in Europe and VAT reduction in Germany, but labor and commodity cost inflation remain headwinds.