Guzman y Gomez (GYG) H1 2026 earnings summary

Executive summary

• Statutory net profit after tax rose 44.9% year-over-year to $10.6 million, with underlying NPAT at $16.9 million and EBITDA up 29.6% to $40.9 million, reflecting strong sales and network expansion.

• Achieved AUD 682 million in network sales for H1 FY26, up 18% year-over-year, with 14 new restaurant openings in Australia and 4.4% comp sales growth in existing restaurants.

• Opened 17 new restaurants globally, bringing the network to 272, with 15 in Australia/Singapore and 2 in the US.

• Menu innovation, digital initiatives, and operational improvements drove record guest counts and transaction growth, especially in Australia.

• Declared a fully franked interim dividend of 7.4 cents per share.

Financial highlights

• Revenue increased 23% year-over-year to $261.2 million; underlying group EBITDA rose 23% to $33.0 million; Australia Segment underlying EBITDA up 30% to $41.3 million (6.1% of network sales).

• Global network sales reached $682 million, up 18% year-over-year; Australia Segment network sales grew 17.5% to $673.6 million; US Segment network sales increased 67% to $8.2 million.

• Operating cash flow increased to $23.3 million, with adjusted cash conversion at 82%; capital expenditure was $23.1 million, mainly for network expansion.

• No debt as of December 2025; cash and term deposits totaled $236.4 million.

• Corporate restaurant margin in Australia at 17.6%; franchise royalty rate at 8.6%.

Outlook and guidance

• FY26 guidance reaffirmed: 32 new Australian restaurants (23 drive-thru, 9 strip), with Australia segment EBITDA margin expected at 6%-6.2% of network sales.

• US Segment expects margin improvement and lower losses in 2H26, despite short-term sales impact from ending DoorDash partnership.

• Five-year target for 10% EBITDA margin remains in place.

• Acceleration in store rollout expected, with pipeline of 108 board-approved sites (85%+ drive-thru).

• Share buyback program to continue.