• Strong sales growth across Australia, Singapore and Japan, underpinned by continued Comparable Sales Growth
• 16 new restaurant openings in Australia, with a robust pipeline of 103 approved sites
• Segment Underlying EBITDA growth of 33.5% driven by corporate restaurant margin expansion and increased franchise revenues

Guzman y Gomez Limited (GYG) reported a robust set of results for the first half of FY25, with strong sales growth across its Australia, Singapore and Japan segments. Network sales grew 23.2% to $573.0 million, driven by 9.4% Comparable Sales Growth in Australia. The company opened 16 new restaurants in Australia during the period, with a further 103 approved sites in the pipeline. Segment Underlying EBITDA grew 33.5% to $26.8 million, reflecting strong corporate restaurant margin expansion and increased franchise revenues. The Australia segment delivered Underlying EBITDA of $31.8 million, a 37.3% increase compared to the prior corresponding period. This was driven by operating leverage on fixed restaurant costs, a favourable shift in format and daypart mix, and strong demand for value menu items. The US segment continued to demonstrate proof of concept, with a focus on driving sales through expanding brand awareness and improving the guest experience. GYG expects to exceed its FY25 NPAT prospectus forecast, supported by continued Australian and US restaurant expansion, sales growth initiatives, margin improvement, and digital and delivery growth.

GYG expects to exceed its FY25 NPAT prospectus forecast, supported by the following key drivers: 31 gross restaurant openings (18 franchise, 13 corporate), with a target of 40+ openings; corporate restaurant margin of ~17.8%; franchise royalty rate of 8.3%; and G&A expenses as a percentage of network sales of 6.7%.

GYG's strategic priorities remain focused on continuing the Australian and US restaurant rollout, expanding restaurant sales growth through dayparts, marketing, menu innovation and enhancing the guest experience, improving margins through corporate restaurant margin expansion, franchise royalty rate uplift and driving operating leverage, growing digital via its mobile app, loyalty program, GYG Delivery and systems investment, and driving growth in Singapore and Japan and validating its model in the US.