AmRest increases 2025 profit attributable to shareholders of the parent company by 89% to EUR 16.1 million, supported by solid margins and a resilient business model
- Consolidated revenues reached EUR 2,558.1 million for the full year 2025, an increase of 2.4% compared to 2024, excluding deconsolidated businesses
- EBITDA generation amounted to EUR 406.8 million, with a margin of 15.9%
- Spain delivered stable sales YoY in a highly competitive environment
AmRest Group, a leading European multi-brand restaurant operator, continued its growth trend in FY25 by achieving consolidated revenues of EUR 2,558.1 million for the full year, an increase of 2.4% compared to 2024 when excluding revenues generated by businesses deconsolidated during the year. Net profit for the year rose to EUR 18.2 million, up from EUR 13.5 million in 2024. The same-store sales index (SSS) stood at 99.5.
2025 was marked by moderate growth in Europe, easing inflation and persistent geopolitical uncertainty, with clear divergence across countries. Although lower inflation gradually improved financing conditions, household spending remained cautious. In this environment, AmRest focused on operational discipline and value‑oriented commercial initiatives to support resilient performance.
In this macroeconomic environment, The Group's EBITDA reached EUR 406.8 million. This result implies an EBITDA margin of 15.9%. The Group's operating profit (EBIT) amounted to EUR 115.8 million, a 2.0% decrease versus 2024, or a 7.9% increase when excluding businesses disposed of during the year, resulting in an EBIT margin of 4.5%.
In the fourth quarter, revenues stood at EUR 635.7 million, a decrease of -4.5% compared to the same period in 2024, or 1.2% lower when excluding the effect of deconsolidated businesses. Fourth‑quarter EBITDA reached EUR 106.2 million, representing an EBITDA margin of 16.7%.
Strong commercial positioning
During 2025, AmRest deployed a strategic roadmap focused on value and innovation. This strategy is particularly relevant in a world increasingly dominated by omnichannel consumption, where customer interactions and data are generated across dine‑in, takeaway, delivery and aggregator platforms. Digital channels continue to gain traction and have become a primary route of sales for the Group that reached 62% of the total sales (excluding casual dining brands).
The Group also took a meaningful step in its operating model with the disposal of its 51% stake in SCM and the termination of their mutual commercial agreements and obligations. This decision allows AmRest to strengthen value creation through a more integrated and efficient platform, conducting supply chain management and product quality assurance services internally.
Debt profile and dividend distribution
Profitability has been affected by still elevated operating cost pressures, most notably labour cost in certain markets, while absolute food prices remained elevated despite lower inflation rates. To offset these effects AmRest is enhancing its revenue growth management capabilities, as well as process optimization and efficiency evolution.
Despite a challenging operating environment throughout the year, the profit of the company increased, supported by lower impairments and interest charges. The profit attributable to shareholders of the parent company amounted to EUR 16.1 million an increase of 89% from 2024. This situation contributed to the approval of a dividend distribution in the amount of EUR 15.0 million, EUR 0.07 per share, which was paid on 22nd December 2025.
The Group maintains a prudent financial profile, with 2.3x leverage ratio, at the low end of the internal target range and supported by an efficient liquidity position of more than EUR 145 million in cash, in addition to a similar amount in available credit lines.
Luis Comas, CEO of AmRest, stated: “Once again, AmRest has proven the resilience of its business model as well as the discipline of its execution in a challenging macroeconomic environment. To achieve this, we’ve focused on two mutually reinforcing levers: rapid adaptation to a more price‑conscious consumer and a strong commitment to technology and data-driven decision making. We’ve strengthened our commercial positioning through a balanced offer architecture, combining compelling entry price points, bundled value, and differentiated innovation. This positions us for sustainable and profitable growth and enables us to continue creating value for our shareholders.”
In addition, AmRest ended 2025 with a portfolio of 2,139 restaurants in 22 countries that served more than 30 million customers every month. 92 gross openings and 213 renovations were executed during the year. This progress was achieved while significantly reducing capital intensity, CAPEX stood at EUR 158.0 million in the year compared to EUR 193.9 million in 2024.
Performance in the different business regions
Central and Eastern Europe (CEE) stood out with annual sales amounting to EUR 1,581.5 million, representing 61.8% of Group sales and a year-on-year growth of 6.5%. EBITDA generated reached EUR 305.8 million, EUR 0.7 million above 2024, representing an EBITDA margin of 19.3%. Profitability remained solid and broadly consistent across the region, confirming CEE as a key driver of the Group’s earnings.
As for Western Europe, revenues in this segment amounted to EUR 869.5 million for full year 2025, representing a 3.2% year‑on‑year decline. EBITDA amounted to EUR 128.7 million after decreasing by -4.9% versus 2024 resulting in an EBITDA margin of 14.8%, 0.3 percentage points lower than the prior year. Performance diverged significantly by country. Spain, AmRest’s second‑largest market, delivered flat sales versus last year.
In China, revenues generated during the year stood at EUR 84.8 million, this is -8.2% lower than in 2024. The depreciation of the Chinese yuan against the euro was a key headwind; in constant euros, sales decreased by -4.4%. Despite the softer top line, EBITDA amounted to EUR 16.4 million, implying a solid EBITDA margin of 19.3%
