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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Earnings

Restaurant Brands International Inc. Reports Fourth Quarter and Full Year 2025 Results

By The Northwire Desk — AI Analysis Feb 12, 2026 · 06:30 QSR · 96.29 RESTAURANT BRANDS INTERNATIONAL INC
QSR · Price

Executive Summary

  • RBI reported FY 2025 system‑wide sales of $9.43 bn, up 12.2% YoY (7.4% on a constant‑currency basis) and Q4 sales growth of 5.8% YoY.
  • Adjusted Operating Income (AOI) rose 7.5% YoY to $2.58 bn; Adjusted EBITDA increased 6.7% to $2.97 bn.
  • Net income from continuing operations fell 16.9% YoY to $1.20 bn, driven by higher interest expense and FX impacts, but Adjusted Diluted EPS grew 10.7% to $3.69.
  • The board declared a quarterly dividend of $0.65 per share (payable 2026‑04‑02) and reaffirmed an annual dividend target of $2.60 per share for 2026.

Key Details

  • System‑wide sales: $12,131 m Q4 vs. $11,279 m FY 2024; $46,762 m FY 2025 vs. $44,476 m FY 2024.
  • Comparable sales growth: 3.1% Q4, 2.4% FY 2025 (vs. 2.5% & 2.3% prior year).
  • Net restaurant growth: 2.9% FY 2025 vs. 3.4% FY 2024.
  • Adjusted Operating Income (AOI): $674 m Q4, $2,584 m FY 2025; organic AOI growth 15.6% Q4, 8.3% FY 2025.
  • Adjusted EBITDA: $772 m Q4, $2,970 m FY 2025.
  • Adjusted Diluted EPS: $0.96 Q4, $3.69 FY 2025 (up 18.7% YoY).
  • Net leverage: 4.2× at year‑end (down from 4.6×).
  • Cash flow: Operating cash provided $1.71 bn FY 2025; free cash flow $1.45 bn.
  • Capital allocation: Returned ~$1.1 bn to shareholders in 2025; Capex & cash inducements $365 m FY 2025.
  • Dividends: $0.65 per share declared for Q1 2026 (record date 2026‑03‑19, payable 2026‑04‑02). Annual dividend target $2.60/share for 2026.
  • Guidance 2026:
  • Segment G&A (ex‑RH) $600–$620 m; RH G&A ≈ $100 m.
  • Adjusted net interest expense $500–$520 m.
  • Total Capex & cash inducements ≈ $400 m.
  • Strategic updates:
  • Completed BK China acquisition (Jan 30 2026) – now a joint‑venture with CPE, 83% owned by CPE. Recognized $114 m non‑cash charge in 2025.
  • Ongoing “Reclaim the Flame” plan: $176 m spent of $550 m planned for Royal Reset (remodels, tech, equipment).
  • Investor call: Conference call scheduled for Feb 12 2026, 8:30 a.m. ET; webcast link provided.

Notable Quotes

“Our performance in 2025 reflects the progress we’ve made strengthening our brands and our system… I’m encouraged by the stronger, more focused foundation we’ve built for the long term.” – Josh Kobza, CEO, RBI.

Read the original news release →

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