Collins Foods records net profit of $24.1m in H1 2025
The group previously reported a net profit of $50.5m in H1 2024.
Collins Foods Limited has reported a net profit of $24.1m for the half year ended 13 October 2024 (H1 2025), down from $50.5m in H1 2024.
The group attributed it to the $20.2m gain on the sale of Sizzler Asia in the prior year and underlying performance.
The company’s underlying net profit after tax from continuing operations fell by 23.8% to $23.7m in H1 2025 from $31.2m in H1 2024 due to lower EBITDA and higher depreciation on an increasing store footprint.
Meanwhile, Collins Foods’ revenue increased by 1.2% to $703.5m, due to restaurant growth in Australia.
Revenue in KFC Australia increased by 2.7% to $536.8m, benefiting from six new restaurants in H1 2025 and bringing its national footprint to 285 restaurants.
KFC Australia's 'Brand in Culture' marketing drove increased consumer engagement, including Christmas in July, Colonel's Spice House, and sponsorships of BBL, NRL, and AFL teams, whilst the Every Day Value launch improved value, trust, and accessible category entry points.
Their total sales increased by 3.9% in the first seven weeks, with same-store sales (SSS) up 0.8%.
Moreover, KFC Europe revenue was down by 3.4% to $142.1m, reflecting ongoing soft consumer sentiment and affordability issues arising from cost of living pressures.
KFC Europe saw lower sales in the first 7 weeks of the year, down by 1.6%, partly due to the overall soft quick-service restaurant (QSR) industry, with SSS in the Netherlands dropping by 3.5% and in Germany by 0.4%.
Furthermore, Taco Bell’s revenue decreased by 2% to $24.6m and had an SSS growth of 0.3%.
Looking ahead, Xavier Simonet, managing director and CEO of Collins Foods, said that he is set to prioritise three things for further growth: to focus on running the business smoothly, to continue to expand carefully and profitably, and to review their growth strategy regularly.
