• Global network sales increased 23.0% to $1,181 million
• EBITDA increased 45.5% to $65 million on a pro forma basis
• Australia Segment achieved 9.6% comp sales growth and $66 million segment underlying EBITDA

In FY25, GYG made significant progress in its vision to reinvent fast food and change the way the masses eat. Global network sales increased 23.0% to $1,181 million, surpassing the $1 billion milestone. This strong sales growth translated to very strong earnings growth, with EBITDA increasing 45.5% to $65 million on a pro forma basis. The Australia Segment, including Singapore and Japan, achieved 9.6% comp sales growth, $1,168 million in network sales and $66 million segment underlying EBITDA. Restaurant expansion continued, with 39 new locations opened, including 32 in Australia, 4 in Singapore, 1 in Japan and 2 in the US. The global network totalled 256 restaurants at the end of the financial year. Significant progress was also made in the US, with improvements in guest experience resulting in a step-change in sales momentum, with comp sales growth of 2.8% and total network sales growth of 57.3% in Q4. NPAT increased 151.8% on a pro forma basis to $14.5 million, and the company maintained a strong balance sheet with $282 million of cash and term deposits and no debt. GYG also declared its fully-franked maiden dividend of 12.6 cents per share.

In FY26, GYG expects to open 32 new restaurants in Australia, consisting of 20 franchised restaurants and 12 corporate restaurants. Australia Segment underlying EBITDA as a percentage of network sales is expected to expand to 5.9%-6.3% in FY26, compared to 5.7% in FY25.

Over the next 5 years, GYG is expected to realise significant margin expansion through continued growth in corporate restaurant margins, growth in corporate restaurant margins as more corporate restaurants transition to the higher margin drive thru format, increase in effective royalty rates as more franchisees transition to the tiered royalty structure, and G&A costs as a percentage of network sales declining to approximately 5% of network sales. As a result, GYG is targeting Australia Segment underlying EBITDA as a percentage of network sales of ~10% in the next 5 years.