GEN Restaurant Group (GENK) Investor presentation summary

Business overview

• Founded in 2011; operates 54 company-owned Korean BBQ restaurants across 11 U.S. states and South Korea, with an interactive, all-inclusive dining format.

• FY2025 revenue was $212.5M; Q3 2026 revenue was $48.7M, including $44.0M from restaurants and $4.7M from CPG.

• Six underperforming locations were exited in Q2 2026; development was held near maintenance levels.

• Four South Korea locations anchor the brand’s Korean food positioning; the ready-to-serve restaurant supply chain also supports CPG.

Restaurant performance

• Q3 2026 restaurant-level Adjusted EBITDA was $4.2M, or 8.6% of revenue; FY2025 restaurant-level Adjusted EBITDA was $29.3M, with a 13.8% margin.

• FY2025 restaurant revenue was $212.5M; FY2025 restaurant-level Adjusted EBITDA margin was 13.8%.

• Q3 2026 total revenue was $48.7M versus $50.4M in Q3 2025; G&A fell 15.3% YoY to $5.5M.

• Cash and cash equivalents were $2.9M and total debt was $26.8M at September 30, 2026.

CPG growth platform

• CPG launched in October 2025 and expanded from 30 Southern California stores to 2,000+ retail doors in about a year; the lineup includes 56 SKUs.

• Products span marinated meats, frozen meals, banchan, sauces, snacks, beverages and GENJU Soju; distribution includes conventional grocery, club and specialty retail.

• More than 50% of CPG purchasers already knew the GEN brand from its restaurants; 100+ Costco warehouses were committed, alongside UNFI and C&S distribution agreements.

• New placements are expected to begin reaching shelves in Q2 2027; management targets a $40M CPG revenue run rate and positive consolidated net income run rate by YE 2027.

• Management cited a ~$3M targeted net build-out per new restaurant and described grocery-door expansion as requiring no construction or leases.