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Americana Restaurants International PLC and its subsidiaries announces its Annual Financial Results for the Period Ending on 2022-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 8,919,551 | 7,694,051 | 15.93 | ||
| Gross Profit (Loss) | 4,612,766 | 4,055,235 | 13.75 | ||
| Operational Profit (Loss) | 1,097,411 | 911,438 | 20.4 | ||
| Net Profit (Loss) after Zakat and Tax | 972,098 | 764,689 | 27.12 | ||
| Total Comprehensive Income | 994,204 | 737,276 | 34.85 | ||
| Total Share Holders Equity (after Deducting Minority Equity) | 1,067,119 | 482,081 | 121.36 | ||
| Profit (Loss) per Share | 0.12 | 0.09 | |||
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | 1. Annual revenue of $2.38 billion increased by 15.9% year-on-year. 2. Revenue growth was driven by robust like-for-like sales growth of 13.6% as well as gross new store openings which totalled 220. 3. Net income (attributable to shareholders of the Parent Company) grew to $259.2 million in 2022 up 27.1% resulting in a net income margin of 10.9%. The Company added 220 gross new stores (173 net new stores) in 2022 including 186 gross openings for its “Power Brands” KFC Pizza Hut Hardee’s and Krispy Kreme to close the year with 2183 stores in operation. With respect to Channel contribution Home Delivery contributed 39% of total revenue followed by Takeaway (24%) Dine-in (21%) Drive-thru (10%) and Others (6%). |
| Statement of the type of external auditor's report | Unmodified opinion |
| Reclassification of Comparison Items | Not applicable |
| Additional Information | Balance Sheet & Cashflow Americana Restaurants maintains a robust balance sheet and good financial position. Together with Adjusted Free Cash Flow for the period of $179 million and a cash conversion ratio of 49.3% the Company is well positioned to meet its growth and capital expenditure commitments and to sustain its committed dividend policy. |
| Attached Documents |  |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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