SIR Royalty Income Fund (SRV.UN) Q3 2026 earnings summary

Executive summary

• Q3 Pooled Revenue rose 6.4% YoY to $76.0M; consolidated same-store sales (SSS) grew 3.8% across all brands.

Financial highlights

• Q3 royalty income increased to $4.6M from $4.3M YoY; partnership income allocated to the Fund rose to $3.0M from $2.9M.

• Q3 net earnings were $244K, or $0.03 per unit, versus $1.126M, or $0.13 per unit, in Q3 2025; the larger SIR Loan fair-value decline was the primary driver.

• YTD net earnings were $4.495M, or $0.54 per unit, versus $5.695M, or $0.68 per unit, in 2025.

Outlook and guidance

• Four restaurants—three Scaddabush locations and one Jack Astor’s + Freida’s—are expected to join the Royalty Pool effective January 1, 2027.

• Plans include pursuing Scaddabush and Jack Astor’s + Freida’s sites and investing in existing restaurants; openings and renovations will be reviewed as conditions evolve.