• Revenue up 6.6% to $750.3 million
• Underlying EBITDA up 11.0% to $113.9 million
• Underlying NPAT up 29.5% to $30.8 million
• Successful refinancing of debt facilities

Collins Foods Limited (ASX: CKF) today announced its results for the half year ended 12 October 2025 (HY26), delivering record revenues, margin expansion and earnings growth. Group revenue was up 6.6% to a record $750.3 million, with growth in Australia and Europe. Underlying EBITDA increased 11.0% to $113.9 million, and underlying NPAT was up 29.5% to $30.8 million. The company also successfully refinanced its debt facilities and reduced net debt to $138.9 million. In Australia, KFC revenue increased 5.0% to $563.8 million, with same-store sales growth of 2.3%. Underlying EBIT was up 11.6% to $75.5 million. In Europe, KFC revenue grew 14.6% to $162.9 million, with same-store sales growth of 1.4%. Underlying EBIT increased 142.3% to $6.9 million. Taco Bell revenue was slightly lower at $23.6 million. The company remains focused on operational execution, brand modernisation, and profitable network expansion, particularly in Germany. For the full year, Collins Foods is targeting mid to high-teens percentage growth in underlying NPAT.

Collins Foods is targeting year-on-year group underlying NPAT (post AASB16) growth in the mid to high-teens (percentage basis) for FY26, up from the previous expectation of low to mid-teens (percentage basis) growth.

The company will continue to focus on operational performance to drive sales, productivity and profitability. In Australia, it will invest in growth through network expansion and brand modernisation. In Europe, it will balance near-term optimisation in the Netherlands with creating long-term opportunity in Germany through profitable network development. The company remains open to bolt-on acquisitions to accelerate penetration in Germany.