Guzman y Gomez (GYG) H1 2026 earnings summary

Executive summary

• Achieved record earnings in 1H26, with global network sales up 18% to $681.8 million and 17 new restaurants opened globally, including 14 in Australia, expanding the network to 272 locations.

• Group underlying EBITDA increased 29.6% to $40.9 million, with Australia Segment underlying EBITDA up 30% to $41.3 million (6.1% of network sales).

• Net profit after tax rose 44.9% to $10.6 million, with underlying NPAT at $16.9 million, reflecting strong sales and network expansion.

• Maintained robust cash conversion and a strong balance sheet, supporting ongoing investment and capital management initiatives.

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

Financial highlights

• Revenue increased 23% year-over-year to $261.2 million; global network sales reached $682 million, up 18% year-over-year.

• Underlying profit before tax was $26.1 million; underlying NPAT was $16.9 million for the half.

• Operating cash flow grew 21.3% to $23.3 million; capital expenditure was $23.1 million, mainly for new restaurant openings and refurbishments.

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

• Fully franked interim dividend of 7.4 cents per share declared, following a maiden dividend and share buyback.

Outlook and guidance

• FY26 guidance reaffirmed: 32 new Australian restaurants (23 drive-thru, 9 strip), with Australia Segment underlying EBITDA margin expected at 6.0–6.2%.

• US Segment expects improved corporate restaurant margins and lower losses in 2H26, but full-year losses to increase slightly.

• Long-term target of 1,000 restaurants in Australia remains on track, with a growing pipeline of high-quality sites (85%+ drive-thru).