Americana Restaurants International (AMR) investor relations material

Executive summary

• 9M revenue reached a record $2,076.9m, up 12.9% YoY; net profit rose 60.4% to $217.2m.

• Q3 revenue was $712.3m, up 14.4% YoY, with LFL growth accelerating to 8.6%; EBITDA rose 24.8% to $173.9m and net profit increased 63.0% to $70.0m.

• Growth was supported by stronger LFL sales, network expansion, value-led innovation, cost discipline and digital capabilities.

• The network reached 2,769 restaurants across 14 brands and 12 countries at September 30, 2026.

Financial highlights

• 9M EBITDA increased 26.0% to $522.1m; gross profit was $1,160.3m and operating profit was $275.2m.

• 9M free cash flow increased 75.6% to $225.4m; operating cash flow was $517.6m.

• 9M revenue growth included $128m from new-store openings; 7.0% LFL growth contributed to the increase, while FX reduced revenue by $12m, mainly due to Kazakhstan.

• 9M gross profit margin expanded 218 bps to 55.9%; inventory costs as a share of revenue fell 130 bps YoY.

Outlook and guidance

• FY2026 guidance targets strong mid-single-digit LFL growth and 120–130 net new stores.

• Net profit margin expansion guidance rose to 150–175 bps vs. 2025, from 100–150 bps previously; gross profit and EBITDA margins are also expected to expand.

• Growth plans include a Malak Al Tawouk launch in Kuwait and Taco Bell’s planned UAE launch followed by phased GCC expansion.

• Q4 profitability was expected broadly in line with Q3; FY27 growth ambitions remain subject to further guidance after planning visibility improves.