Americana Restaurants International

1. Company Overview & Earnings Context

Americana Restaurants is one of the largest out-of-home dining and quick service restaurant (QSR) operators in the MENA region. The Group operates 2,746 restaurants across 14 international brands, with operations spanning the UAE, Saudi Arabia, Kuwait, Egypt, Qatar, Bahrain, Jordan, Oman, Morocco, Iraq, Kazakhstan, Lebanon, and other markets.

For H1 2026, Americana delivered solid growth in both revenue and profitability despite a challenging consumer environment. Higher restaurant sales, disciplined cost management, and operational efficiency helped drive earnings growth, while the Board approved an interim dividend of USD 0.0120 per share.

2. Financial Performance Snapshot

• Revenue: USD 1.365 Billion (+12.1% YoY)

• Gross Profit: USD 766.0 Million (+17.9% YoY)

• Operating Profit: USD 184.1 Million (+52.6% YoY)

• Profit Before Income Tax & Zakat: USD 171.1 Million (+58.6% YoY)

• Income Tax & Zakat: USD 24.1 Million

• Net Profit: USD 147.0 Million (+60.6% YoY)

• Basic & Diluted EPS: USD 0.0175 (+59.1% YoY)

Compared with H1 2025:

• Revenue increased from USD 1.217 billion to USD 1.365 billion.

• Gross profit rose from USD 649.9 million to USD 766.0 million.

• Operating profit increased from USD 120.7 million to USD 184.1 million.

• Profit before tax and zakat grew from USD 107.9 million to USD 171.1 million.

• Net profit increased from USD 91.5 million to USD 147.0 million.

3. Operational Highlights & Key Metrics

• Operates 2,746 restaurants across 14 international brands

• Total Assets: USD 1.696 Billion

• Total Equity: USD 434.8 Million

• Cash & Cash Equivalents: USD 140.2 Million

• Operating Cash Flow: USD 360.5 Million

• Interim Dividend Approved: USD 0.0120 per share (approximately USD 100.8 million)

4. Key Performance Drivers

Americana's H1 2026 performance was supported by continued revenue growth across its restaurant portfolio, stronger gross margins, and disciplined cost management. Higher operating leverage helped drive a significant improvement in operating profit and net earnings, while strong operating cash flow continued to support investments, acquisitions, and shareholder distributions.

5. Outlook & Forward Guidance

Management remains focused on expanding its regional restaurant network, strengthening operational efficiency, and delivering sustainable long-term growth across its diversified portfolio of international restaurant brands. The Group continues to invest in new restaurant openings, digital capabilities, and strategic acquisitions while maintaining a disciplined capital allocation approach.

6. Investor Takeaway

Americana Restaurants delivered a strong H1 2026 performance with double-digit revenue growth and a more than 60% increase in net profit. Supported by healthy cash generation, a diversified regional footprint, and continued shareholder returns through its interim dividend, the company remains well positioned for long-term growth across the MENA restaurant sector.