Tim Hortons China posts net loss of US$8.1m in Q1

Adjusted basic and diluted net loss per ordinary share was US$0.29 (RMB2.10).

Tim Hortons China (Tims China) has posted a net loss of US$8.1m (RMB58.9m) for the first quarter (Q1 2025), ending on 31 March.

Total revenues also decreased by 9.5% to US$41.4m (RMB300.7m).

Despite overall decline, system sales increased by 3.5% to US$51.9m (RMB376.3m).

The company closed seven of its stores but added nine franchised locations, resulting in a net increase of two stores.

Company-owned and operated store contribution was US$2.4m (RMB17.2m), with a contribution margin of 6.7%. This was up by 5.9 percentage points from the same period last year.

Adjusted basic and diluted net loss per ordinary share was US$0.29 (RMB2.10).