• Acquires 8 KFC restaurants in Bavaria, Germany
• Expands German Development Agreements to target 45-90 new restaurants
• Refocuses and extends Netherlands Corporate Franchise Agreement with Yum! Brands

Collins Foods Limited (ASX: CKF) has announced several key developments as it accelerates its German expansion and refocuses its operations in the Netherlands. The company has signed an Asset Purchase Agreement to acquire 8 KFC restaurants in Bavaria, Germany, centered around Munich. This acquisition will facilitate the expansion of the German Development Agreements, increasing the targeted number of new restaurant developments to 45-90 over the next four years. The company has also signed a revised Corporate Franchise Agreement for the Netherlands, enabling it to sharpen its focus on operational performance and drive profit improvement in the Dutch market. The acquisition and expansion in Germany are consistent with the company's strategy to establish the country as its second strategic growth pillar, leveraging the strong brand awareness and consumer appeal of KFC. The revised Netherlands agreement brings the company's responsibilities more in line with its other operating markets, allowing it to focus more on improving sales and profitability across the network.

Collins Foods reaffirms FY26 full year guidance of mid-to-high teens growth in Group Underlying NPAT (post AASB16) provided at the time of the H1 FY26 results.