Guzman y Gomez (GYG) H2 2026 earnings summary

Executive summary

• Achieved record underlying earnings in FY26, with network sales up 17.9% year-over-year to $1,377.8 million and underlying EBITDA up 28.7% to $85.0 million.

• Underlying NPAT rose 29.7% to $53.4 million, and underlying EPS increased 33.9% to 52.1 cps year-over-year.

• Completed exit from US operations, incurring one-off costs at the lower end of guidance, resulting in a statutory NPAT loss of $26.7 million including discontinued operations; no material impact expected in FY27.

• Opened 35 new restaurants across Australia, Singapore, and Japan, expanding the network to 284 locations as of June 2026.

• Maintained a strong balance sheet with $171 million in cash and term deposits and no debt.

Financial highlights

• Network sales reached $1,377.8 million, up 17.9% year-over-year; underlying EBITDA was $85.0 million, up 28.7%.

• Statutory NPAT from continuing operations was $40.6 million, up 31.6% year-over-year.

• Underlying diluted EPS was 52.1 cps, up 33.9% year-over-year.

• Fully franked FY26 dividend of 48.0 cps, including a 14.4 cps special dividend, with an implied payout ratio of ~90%.

• $100 million deployed in share buybacks, with Board approval for up to a further $100 million.

Outlook and guidance

• FY27 guidance: 35 new restaurant openings in Australia, mid-single digit comp sales growth, and underlying EBITDA margin expected to expand to 6.7–6.9%.

• Medium-term targets include opening ~40 restaurants per year and achieving underlying EBITDA margin of ~10%.

• Comp sales growth expected at mid-single digit levels; early FY27 tracking above this.