Guzman y Gomez (GYG) H2 2025 earnings summary

Executive summary

• Achieved record FY2025 results with global network sales reaching AUD 1.2 billion (or $1.18 billion), up 23% year-over-year, surpassing the AUD 1 billion milestone for the first time.

• Underlying group EBITDA rose 45.5% to AUD 65.1 million, with NPAT up 152% to AUD 14.5 million.

• Declared a fully-franked maiden dividend of AUD 0.126 (12.6 cents) per share.

• Opened 39 new restaurants globally, including 32 in Australia, with a robust pipeline of approved sites.

• Franchisee ROI reached 50%, with drive-through restaurant margins at 22%.

Financial highlights

• Revenue increased 27.4% to AUD 436 million year-over-year.

• Group underlying EBITDA grew 45.5% to AUD 65.1 million; EBIT up 86.5% to AUD 25.4 million.

• Operating cash flows were AUD 57.3 million, with adjusted cash conversion at 123%.

• Net assets rose to AUD 380.1 million, with no debt as of June 30, 2025.

• Capital expenditure totaled AUD 37 million for new corporate restaurants and refurbishments.

Outlook and guidance

• Targeting 40 new restaurant openings per year in Australia, 85% drive-through, 60% franchised.

• FY2026 guidance: 32 new Australian restaurants, segment underlying EBITDA margin of 5.9%-6.3%.

• Australian segment underlying EBITDA as a percentage of network sales expected to reach ~10% in five years.

• U.S. losses expected to increase slightly in FY2026 due to investment in new stores and infrastructure.

• US comp sales growth of 6.6% in the first 7 weeks of FY26; strong sales growth expected to continue.