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/AUD 682 million and 17 new restaurants opened globally, including 14 in Australia.

• Underlying group EBITDA rose 23% to $33.0 million/AUD 33 million, with Australia Segment EBITDA up 30% to $41.3 million (6.1% of network sales).

• NPAT increased 44.9% to $10.6 million, with underlying NPAT at $16.9 million.

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

• Fully franked interim dividend of 7.4 cents per share declared.

Financial highlights

• Revenue increased 23% to $261.2 million; group underlying EBITDA up 23% to $33.0 million; Australia Segment EBITDA up 30% to $41.3 million.

• Operating cash flow grew to $23.3 million, with adjusted cash conversion at 82%.

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

• Capital expenditure was $23.1 million, mainly for new restaurant openings and refurbishments.

• Corporate restaurant margin in Australia at 17.6%; drive thru AUVs at $6.9 million and margins at 22%.

Outlook and guidance

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

• US Segment expects margin improvement and lower losses in 2H26, but full-year losses to increase slightly.

• 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).