Guzman y Gomez (ASX:GYG) Posts Statutory Loss for FY26 After Completing US Exit

Sonal Goyal

21 August 2026 10:00 AM AEST

Guzman y Gomez (ASX:GYG) Posts Statutory Loss for FY26 After Completing US Exit

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Key Highlights

Network sales increased 17.9% to $1,377.8 million in FY26
Underlying EBITDA rose 28.7% to $85.0 million
Statutory NPAT including discontinued operations fell to a loss of $26.7 million, from a $14.5 million profit in FY25
Board declared a full-year Dividend of 48.0 cents per share and a further $100 million buyback

Underlying Earnings Growth in Australia and Asia

Guzman y Gomez Limited (ASX:GYG) reported network sales of $1,377.8 million for the financial year ended 30 June 2026 (FY26), up 17.9% on the prior corresponding period. Underlying EBITDA increased 28.7% to $85.0 million, while underlying net profit after tax rose 29.7% to $53.4 million. Statutory NPAT from continuing operations increased 31.6% to $40.6 million.

US Exit Drives Statutory Loss

Including discontinued operations, GYG recorded a statutory net loss of $26.7 million for FY26, compared with a statutory profit of $14.5 million in FY25. The loss reflects the completed exit from the company's US operations, announced in May 2026, which was finalised at the lower end of the previously guided US$30 million to US$40 million cost range. Statutory NPAT from discontinued operations was a loss of $67.3 million, compared with a loss of $16.4 million in FY25.

Restaurant Network Expansion

The company operated 284 restaurants across Australia, Singapore and Japan as at 30 June 2026, after opening 35 new restaurants and closing one during the period. Its Australian real estate pipeline had grown to 117 restaurants with commercial terms agreed by year end, with approximately 85% in drive-thru format. Network restaurant Margin expanded by 20 basis points to 20.3%, supported by margin gains in drive-thru and other legacy formats despite minimal menu price increases.

Australia Segment Detail

Within the Australia segment, comparable sales growth of 5.3% was outpaced by transaction growth, with momentum led by the breakfast and late-night dayparts. General and administrative costs fell to 5.9% of network sales from 6.6% in FY25. Franchise and other Revenue rose 16.3% to $91.5 million, supported by new franchise restaurant openings and additional restaurants moving to the tiered Royalty structure.

Capital Management

GYG completed a $100 million on-market share buyback during the year and has announced a further $100 million buyback. The company ended the period with $171 million in cash and term deposits and no debt. The Board declared a fully franked final dividend of 40.6 cents per share, including a Special Dividend of 14.4 cents per share, taking the full-year dividend to 48.0 cents per share, an implied Payout Ratio of approximately 90% of underlying earnings.

FY27 Guidance and Board Changes

For FY27, GYG expects to open 35 new restaurants in Australia, with underlying EBITDA as a percentage of network sales guided to expand to between 6.7% and 6.9%, up from 6.2% in FY26. In the first seven weeks of FY27, Australia segment comparable sales growth has tracked at high-single-digit levels. The company also announced the appointment of two new non-executive directors, George Wahby and Guy Fowler, subject to Shareholder approval at the November 2026 Annual General Meeting.

Conclusion

Guzman y Gomez's FY26 result shows a clear divergence between its underlying Australian and Asian operations, which delivered record network sales and underlying earnings, and its statutory result, which was pulled into a loss by one-off costs tied to the completed exit from the US market. With the US exit now behind it, the company enters FY27 focused on continued restaurant network growth, margin expansion and Capital returns to shareholders through dividends and an extended buyback program.

FAQs

Q: Why did Guzman y Gomez report a statutory loss for FY26?

A: The loss was driven by one-off costs and impairments associated with the completed exit from the company's US operations, which resulted in a $67.3 million loss from discontinued operations.

Q: How did the Australia Segment perform in FY26?

A: Australia Segment network sales rose 17.9% to $1,377.8 million and underlying EBITDA increased 28.7% to $85.0 million.

Q: How many restaurants did Guzman y Gomez operate at the end of FY26?

A: The company operated 284 restaurants across Australia, Singapore and Japan as at 30 June 2026.

Q: What dividend did Guzman y Gomez declare for FY26?

A: The Board declared a full-year fully franked dividend of 48.0 cents per share, including a 14.4 cents per share special dividend.

Q: What is Guzman y Gomez's guidance for FY27?

A: The company expects to open 35 new restaurants in Australia and for underlying EBITDA as a percentage of network sales to expand to 6.7%-6.9%, from 6.2% in FY26.

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