• Effective execution of strategy in challenging environment
• Continued targeted investment
• Stronger H2 underlying performance, up vs H2 FY24
• Positioned to take advantage of improving conditions

Collins Foods Limited reported resilient revenues and solid underlying earnings for FY25, despite challenging economic conditions. Revenue was a record $1,519.5 million, up 2.1% with growth in Australia partially offset by softness in Europe. Underlying EBITDA was flat, reflecting soft economic conditions and cost inflation, especially in the first half. Underlying NPAT was $51.1 million, down 14.8% reflecting lower EBIT. The company continued to invest in its core markets, with 14 new restaurant openings in KFC Australia and a focus on accelerating growth in Germany. In Australia, the company saw SSS growth of 0.3%, with H2 improving to 0.6%. In Europe, SSS was down 2.7%, but H2 performance was stronger at -1.8% and -1.4% for the Netherlands and Germany respectively. The company made progress on its sustainability agenda, including preparing for upcoming mandatory reporting requirements, enhancing data quality, and strengthening sustainability governance. Overall, the company remained focused on operational excellence, brand strength, and disciplined capital allocation to drive future growth.

The company expects to open 7-10 new KFC restaurants in Australia in FY26, and target around 30 remodels. This is part of the company's plan to open 28-30 new restaurants by 2028.