Latest Threads

The text presents the condensed consolidated interim financial statements and an independent auditor's review report for Americana Restaurants International PLC for the three-month period ending on 31 March 2024.

The text presents the condensed consolidated interim financial statements of Americana Restaurants International PLC, along with an independent auditor's review report, for the three-month period ending on 31 March 2024.

Americana Restaurants International PLC reported its Q1 2024 financial results, showing revenues of $493.5 million and an adjusted EBITDA of $103.3 million. The company's revenue decreased by 16.3% year-on-year, mainly due to geopolitical tensions and the seasonal effect of Ramadan. Despite this, the company maintained a healthy EBITDA margin of 20.9% and a net income of $28.0 million. The company also reported a solid cash position of $159.9 million. During Q1 2024, Americana Restaurants opened 37 new stores and had 37 more under construction. At the Annual General Meeting, shareholders approved the distribution of total dividends amounting to $179.4 million.

On May 6, 2024, the Board of Directors of Americana Restaurants International PLC, based on the recommendation of the Company’s Audit Committee, adopted the Company’s consolidated financial statements for the three-month period ended on March 31, 2024. This decision was communicated by the Secretary of the Board, Saqib Muhammad Sabir Awan, to the Chief Executive Officer of the Abu Dhabi Securities Exchange. A copy of the resolution was also sent to the Securities and Commodities Authority.