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SIR Royalty Income Fund (SRV.UN) investor relations material
SIR Royalty Income Fund Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 Pooled Revenue rose 6.4% YoY to $76.0M; consolidated same-store sales (SSS) grew 3.8% across all brands.
Financial highlights
Q3 royalty income increased to $4.6M from $4.3M YoY; partnership income allocated to the Fund rose to $3.0M from $2.9M.
Q3 net earnings were $244K, or $0.03 per unit, versus $1.126M, or $0.13 per unit, in Q3 2025; the larger SIR Loan fair-value decline was the primary driver.
YTD net earnings were $4.495M, or $0.54 per unit, versus $5.695M, or $0.68 per unit, in 2025.
Outlook and guidance
Four restaurants—three Scaddabush locations and one Jack Astor’s + Freida’s—are expected to join the Royalty Pool effective January 1, 2027.
Plans include pursuing Scaddabush and Jack Astor’s + Freida’s sites and investing in existing restaurants; openings and renovations will be reviewed as conditions evolve.
- H1 revenue and same-store sales grew as restaurant additions advanced.SRV.UN
Investor presentation - Q2 revenue and earnings declined, while restaurant expansion continued.SRV.UN
Q2 2024 - Lower sales and SSS, higher fair-value gains, and cyber disruption shaped Q3.SRV.UN
Q3 2024 - Revenue and same-store sales fell as new openings offset cyber and consumer pressures.SRV.UN
Q4 2024 - New restaurants lifted revenue 7%, but same-store sales and earnings weakened.SRV.UN
Q1 2025 - Pooled revenue rose 8.1%, while Scaddabush led same-store growth at 7.0%.SRV.UN
Q2 2025 - Revenue grew 10.4%, but lower loan revaluation cut earnings; distributions increased 5.3%.SRV.UN
Q3 2025 - Q4 sales rebounded, but FY earnings fell and distributions exceeded cash generation.SRV.UN
Q4 2025 - Revenue and earnings grew, SSS was flat, and distributions rose 5% amid expansion plans.SRV.UN
Q1 2026
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Next SIR Royalty Income Fund earnings date
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