FY25 Results ASX Release
| Stock | Collins Foods Ltd (CKF.ASX) |
|---|---|
| Release Time | 24 Jun 2025, 8:25 a.m. |
| Price Sensitive | Yes |
Collins Foods Ltd Reports FY25 Results
- Revenue from continuing operations up 2.1% to a record $1,519.5 million
- Underlying EBITDA from continuing operations flat at $228.5 million
- Underlying NPAT from continuing operations down 14.8% to $51.1 million
Collins Foods Limited (ASX: CKF) announced its results for the full year ended 27 April 2025 (FY25), a period which included a challenging first half but with an improved performance in the second half. Group FY25 results included revenue from continuing operations up 2.1% to a record $1,519.5 million, with growth in Australia partially offset by softness in Europe. Underlying EBITDA from continuing operations was flat at $228.5 million, despite soft economic conditions and cost inflation, especially in H1. Underlying EBIT from continuing operations was down 5.7% to $117.1 million, and underlying NPAT from continuing operations was down 14.8% to $51.1 million. The company generated strong net operating cash flows of $181.4 million, enabling significant investment in the restaurant network and technology, as well as a reduction in net debt. KFC Australia delivered a solid performance, with revenue up 3.0% and modest same-store sales growth. KFC Europe revenue was down 0.4% due to challenging market conditions, but sales improved in H2. The company's Taco Bell business delivered revenue of $53.0 million, slightly lower than FY24. Collins Foods remains focused on operational excellence, driving same-store sales growth and margin improvement, and is targeting year-on-year group underlying NPAT growth in the low to mid-teens in FY26.
In FY26, Collins Foods is targeting year-on-year group underlying NPAT (post AASB16) growth in the low to mid-teens (percentage basis).
Collins Foods remains focused on operational excellence to further improve customer engagement and grow sales, while labour productivity and disciplined cost management is expected to deliver margin improvement. KFC Australia will continue to benefit from deflation across some product inputs categories while other inputs are expected to grow broadly in line with inflation. Pressure on European poultry costs, due to avian flu, is expected to continue in FY26.