• CKF does not consider its FY25 results differed materially from market expectations
• CKF continuously monitors actual and expected financial performance to determine any material differences
• CKF provided detailed explanations for differences between actual and expected results

Collins Foods Limited (CKF) has responded to an ASX Aware Letter regarding its FY25 financial results. CKF stated that it does not consider any measure of its statutory or underlying earnings for FY25 differed materially from market expectations. The company continuously monitors its actual and expected financial performance to determine if there are any material differences. CKF provided detailed explanations for any differences between its actual results and the market's expectations, referencing its published earnings guidance and analyst consensus estimates. CKF is satisfied that its FY25 financial performance was at levels that did not result in any obligation to make an announcement regarding those expectations. The company also provided further details on its FY26 outlook and strategic update, which may have contributed to the trading in CKF securities following the release of the results announcements. CKF confirmed that it is in compliance with the ASX Listing Rules, particularly Listing Rule 3.1, and that the responses have been authorized and approved by its Board of Directors.

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.