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Sphera Franchise Group (SFG) investor relations material
Sphera Franchise Group Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary17 Nov, 2025
Executive summary
Consolidated sales for 9M 2025 reached RON 1,151.1 million, up 0.7% year-over-year, with Q3 sales at RON 405.9 million, a 0.6% increase, despite macroeconomic and fiscal pressures in Romania.
Net profit for 9M 2025 declined 46.7% year-over-year to RON 38 million, mainly due to higher operating expenses, margin compression, and cost inflation.
Normalized EBITDA for 9M 2025 was RON 96.2 million, down 25.5% year-over-year, reflecting cost pressures and one-off items.
Group expanded its portfolio by acquiring Hard Rock Cafe franchise rights, planning five new locations in Romania and Moldova starting 2026.
Recognized as one of Europe's long-term growth champions by the Financial Times and Statista.
Financial highlights
Restaurant expenses for 9M 2025 rose 4.9% year-over-year to RON 1,051.9 million, outpacing sales growth.
Q3 2025 EBITDA was RON 43.6 million, down 12.9% year-over-year but up 65.5% sequentially from Q2 2025.
Food and material costs increased 1.9% year-over-year, payroll and employee benefits rose 10.2%, and advertising expenses decreased 7.9% in 9M 2025.
Restaurant operating profit for 9M 2025 was RON 102.1 million, down 28% year-over-year.
Net finance costs decreased by 22.9% year-over-year, and income tax expense dropped 44.4% year-over-year.
Outlook and guidance
Management expects continued external pressures in Romania due to fiscal measures, inflation, and consumer caution, with these trends likely to persist into Q4 2025 and 2026.
No further price adjustments planned for the remainder of 2025; focus remains on operational efficiency.
First Hard Rock Café opening planned for late 2026, with financial impact expected from 2027.
Committed to sustainable growth, diversification, and adapting to evolving consumer behavior.
Hard Rock Cafe's expected financial impact
How will margin pressure and cost inflation be addressed?
What is the strategy for Pizza Hut's declining sales?
Pizza Hut's strategic future in the portfolio?
Sustain Q3 margin recovery into 2026?
Hard Rock Cafe's role in premium segment strategy?
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Next Sphera Franchise Group earnings date
Q4 202526 Feb, 2026
Next Sphera Franchise Group earnings date
Q4 202526 Feb, 2026
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