Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Restaurant Brands Asia Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 514 | 611 | 625 | 604 | 597 | 647 | 632 | 639 | 633 | 698 | 703 | 715 | 707 |
| Expenses + | 487 | 562 | 569 | 536 | 528 | 584 | 569 | 570 | 559 | 625 | 632 | 625 | 612 |
| Operating Profit | 27 | 48 | 56 | 68 | 69 | 63 | 63 | 70 | 73 | 73 | 71 | 90 | 95 |
| OPM % | 5% | 8% | 9% | 11% | 12% | 10% | 10% | 11% | 12% | 10% | 10% | 13% | 13% |
| Other Income + | 4 | 7 | 3 | 4 | 5 | 14 | 0 | 9 | 8 | 22 | 8 | 8 | 8 |
| Interest | 32 | 31 | 32 | 32 | 47 | 37 | 38 | 40 | 46 | 47 | 46 | 47 | 50 |
| Depreciation | 80 | 79 | 79 | 80 | 119 | 92 | 91 | 93 | 96 | 93 | 97 | 98 | 101 |
| Profit before tax | -80 | -54 | -51 | -40 | -92 | -52 | -65 | -55 | -60 | -45 | -63 | -48 | -47 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit + | -80 | -54 | -51 | -40 | -92 | -52 | -65 | -55 | -60 | -45 | -63 | -48 | -47 |
| EPS in Rs | -1.48 | -1.02 | -0.93 | -0.73 | -1.72 | -0.99 | -1.21 | -1.01 | -0.97 | -0.72 | -1.01 | -0.75 | -0.74 |
Financials of Restaurant Brands Asia Ltd
Annual income statement trend
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales + | 1,004 | 1,490 | 2,054 | 2,437 | 2,551 | 2,823 |
| Expenses + | 979 | 1,394 | 1,943 | 2,195 | 2,282 | 2,494 |
| Operating Profit | 25 | 97 | 112 | 242 | 268 | 328 |
| OPM % | 2% | 6% | 5% | 10% | 11% | 12% |
| Other Income + | 26 | -3 | 36 | 18 | 31 | 46 |
| Interest | 104 | 95 | 105 | 141 | 161 | 189 |
| Depreciation | 229 | 234 | 284 | 356 | 371 | 389 |
| Profit before tax | -282 | -235 | -242 | -237 | -233 | -204 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit + | -282 | -235 | -242 | -237 | -233 | -204 |
| EPS in Rs | -6.42 | -3.98 | -4.47 | -4.39 | -3.71 | -3.21 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Restaurant Brands Asia Ltd
Capital structure and asset base
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 383 | 493 | 495 | 496 | 582 | 583 |
| Reserves | -298 | 548 | 331 | 130 | 326 | 138 |
| Borrowings + | 901 | 887 | 1,168 | 1,430 | 1,832 | 1,967 |
| Other Liabilities + | 977 | 451 | 500 | 652 | 722 | 694 |
| Total Liabilities | 1,963 | 2,378 | 2,493 | 2,709 | 3,463 | 3,382 |
| Fixed Assets + | 1,391 | 1,514 | 1,953 | 2,320 | 2,603 | 2,801 |
| CWIP | 47 | 18 | 35 | 49 | 34 | 41 |
| Investments | 124 | 402 | 147 | 83 | 24 | 138 |
| Other Assets + | 401 | 444 | 358 | 256 | 802 | 402 |
| Total Assets | 1,963 | 2,378 | 2,493 | 2,709 | 3,463 | 3,382 |
Financials of Restaurant Brands Asia Ltd
Operating, investing and financing cash movement
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 48 | 78 | 124 | 346 | 350 | 303 |
| Cash from Investing Activity + | -322 | -1,091 | 16 | -219 | -232 | -494 |
| Cash from Financing Activity + | 357 | 1,112 | -170 | -251 | 385 | -321 |
| Net Cash Flow | 82 | 99 | -30 | -124 | 503 | -512 |
| Free Cash Flow | -20 | -69 | -228 | 64 | 73 | -70 |
| CFO/OP | 201% | 86% | 114% | 143% | 127% | 93% |
Financials of Restaurant Brands Asia Ltd
Working capital efficiency and return ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 3 | 3 | 3 | 4 | 5 | 6 |
| Inventory Days | 18 | 15 | 16 | 14 | 18 | 15 |
| Days Payable | 226 | 152 | 133 | 119 | 155 | 132 |
| Cash Conversion Cycle | -205 | -134 | -114 | -101 | -133 | -111 |
| Working Capital Days | -352 | -107 | -89 | -81 | -93 | -57 |
| ROCE % | -8% | -7% | -5% | -3% | -0% |