Americana Post Double-digit Growth in Q1-25

Despite softening consumer demand in certain markets, additional days of Ramadan this year, and impact from the currency devaluation primarily in Egypt, Americana Restaurants International, the largest out-of-home dining and quick service restaurant operator in the Middle East & North Africa (MENA) and Kazakhstan, reported a robust revenue of $573.4 million, up 16.2% in Q1 of 2025 compared with $493.5 million during the same period last year.

This performance was primarily driven by like-for-like sales improvements, and the expansion of the store network, the company said in a regulatory disclosure to Abu Dhabi Securities Exchange (ADX) on Wednesday.

The company reported EBITDA of $121.7 million, an increase of 17.4% compared with Q1 of 2024. Net profit attributable to shareholders of the parent company was $32.6 million, reflecting a 16.5% y-o-y increase. This increase was driven by revenue growth and improved gross margin through cost initiatives.

EBITDA and net income margins remained broadly in line with the same period last year. This was achieved despite the applicability of new tax regulations of $3.5 million in key markets in the first quarter of this year.

In addition, net income of Q1 of 2024 also included positive one-off items amounting to $7.4 million, mainly pertaining to marketing cost reliefs that were received Q1 of 2024 and normalised in the subsequent quarters.

The company generated $33.5 million in free cash flow during the quarter, while maintaining a strong balance sheet with no leverage and healthy cash reserves.

Portfolio Expansion

During the quarter, the company opened 14 new stores and integrated 46 additional stores from Pizza Hut Oman, bringing the total store count to 2,630 across 12 countries. This expansion reflects the Company’s steady network growth and continued investment in key markets.

It entered 2025 with a focus on strengthening transaction recovery, enhancing average check, and continuing investments in digital capabilities.  Americana Restaurants remains committed to omni-channel development, operational improvements, and cost efficiency to support performance through the remainder of the year.

While higher tax charges in certain markets may affect net income in the upcoming quarters, the company is managing these developments through financial planning and operational flexibility. Americana Restaurants aims to maintain steady progress across key performance areas and deliver value to its stakeholders while growing its presence in the key markets committing to the guidance provided in the beginning of 2025.

Serving Communities

During the quarter, the company undertook a series of Ramadan-focused community initiatives across 12 countries. These efforts included supporting underserved communities through meal distribution and essential supplies.

During the same period, Americana Restaurants received recognition from Yum! at its 2025 Franchise Convention, including awards such as “Modern Restaurant Portfolio,” “Digital Driver,” and “Yum! Growth Partner.”