Restaurant Brands International Inc.

Financial Statements (IFRS) · Amounts in CAD

5 10 All

Annual Quarterly

Income Statement

Balance Sheet

Cash Flow

Line Item	FY 2025Dec 31, 2025	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021
Total Revenue	9.4B	8.4B	7.0B	6.5B	5.7B
Operating Revenue	9.4B	8.4B	7.0B	6.5B	5.7B
Cost Of Revenue	6.2B	5.4B	4.2B	3.9B	3.4B
Gross Profit	3.2B	3.0B	2.8B	2.6B	2.4B
Selling General And Administration	690.0M	691.0M	647.0M	561.0M	450.0M
General And Administrative Expense	690.0M	691.0M	647.0M	561.0M	450.0M
Depreciation And Amortization In Income Statement	--	--	--	25.0M	20.0M
Other Operating Expenses	10.0M	9.0M	18.0M	14.0M	--
Operating Expense	700.0M	700.0M	665.0M	575.0M	450.0M
Operating Income	2.5B	2.3B	2.1B	2.0B	1.9B
EBIT	2.2B	2.4B	2.0B	1.9B	1.8B
Interest Expense	522.0M	591.0M	595.0M	512.0M	481.0M
Interest Expense Non Operating	522.0M	591.0M	595.0M	512.0M	481.0M
Interest Income	31.0M	39.0M	40.0M	7.0M	3.0M
Interest Income Non Operating	31.0M	39.0M	40.0M	7.0M	3.0M
Net Interest Income	-516.0M	-577.0M	-582.0M	-533.0M	-505.0M
Other Income Expense	-293.0M	62.0M	-102.0M	-125.0M	-56.0M
Special Income Charges	-95.0M	-78.0M	-90.0M	-85.0M	-128.0M
Restructuring And Mergern Acquisition	51.0M	42.0M	57.0M	70.0M	34.0M
Gain On Sale Of Security	-209.0M	71.0M	-20.0M	4.0M	76.0M
Earnings From Equity Interest	11.0M	69.0M	8.0M	-44.0M	-4.0M
Pretax Income	1.7B	1.8B	1.5B	1.4B	1.4B
Tax Provision	483.0M	364.0M	-265.0M	-117.0M	110.0M
Tax Effect Of Unusual Items	-87.2M	-1.4M	-44.0M	-21.2M	-4.2M
Net Income From Continuing And Discontinued Operation	776.0M	1.0B	1.2B	1.0B	838.0M
Net Income From Continuing Operation Net Minority Interest	902.0M	1.0B	1.2B	1.0B	838.0M
Net Income Including Noncontrolling Interests	1.1B	1.4B	1.7B	1.5B	1.3B
Minority Interests	-299.0M	-424.0M	-528.0M	-474.0M	-415.0M
Net Income Common Stockholders	776.0M	1.0B	1.2B	1.0B	838.0M
Net Income	776.0M	1.0B	1.2B	1.0B	838.0M
EBITDA	2.5B	2.7B	2.2B	2.1B	2.0B
Normalized EBITDA	2.8B	2.7B	2.3B	2.1B	2.1B
Reconciled Depreciation	301.0M	264.0M	191.0M	190.0M	201.0M
Basic EPS	2.36	3.21	3.82	3.28	--
Diluted EPS	2.35	3.18	3.76	3.25	--
Basic Average Shares	329.0M	319.0M	312.0M	307.0M	--
Diluted Average Shares	457.0M	454.0M	456.0M	455.0M	--
Total Unusual Items	-304.0M	-7.0M	-110.0M	-81.0M	-52.0M
Total Unusual Items Excluding Goodwill	-304.0M	-7.0M	-110.0M	-81.0M	-52.0M
Tax Rate For Calcs	0.29	0.20	0.40	0.26	0.08
Normalized Income	1.1B	1.0B	1.3B	1.1B	885.8M
Average Dilution Earnings	298.0M	421.0M	525.0M	471.0M	411.0M
Depreciation Amortization Depletion Income Statement	--	--	--	25.0M	20.0M
Diluted NI Availto Com Stockholders	1.1B	1.4B	1.7B	1.5B	1.2B
Gain On Sale Of Ppe	-35.0M	-3.0M	-16.0M	-4.0M	-2.0M
Net Income Continuous Operations	1.2B	1.4B	1.7B	1.5B	1.3B
Net Income Discontinuous Operations	-126.0M	0.00	0.00	--	--
Net Non Operating Interest Income Expense	-516.0M	-577.0M	-582.0M	-533.0M	-505.0M
Other Gand A	690.0M	691.0M	647.0M	561.0M	450.0M
Other Special Charges	9.0M	33.0M	17.0M	11.0M	92.0M
Reconciled Cost Of Revenue	6.2B	5.4B	4.2B	3.9B	3.4B
Salaries And Wages	--	--	--	136.0M	102.0M
Total Expenses	6.9B	6.1B	4.9B	4.5B	3.8B
Total Operating Income As Reported	2.2B	2.4B	2.1B	1.9B	1.9B
Total Other Finance Cost	25.0M	25.0M	27.0M	28.0M	27.0M

Line Item	FY 2025Dec 31, 2025	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021
Cash And Cash Equivalents	1.2B	1.3B	1.1B	1.2B	1.1B
Cash Cash Equivalents And Short Term Investments	1.2B	1.3B	1.1B	1.2B	1.1B
Accounts Receivable	794.0M	698.0M	749.0M	614.0M	547.0M
Receivables	794.0M	698.0M	749.0M	614.0M	547.0M
Inventory	205.0M	142.0M	166.0M	133.0M	96.0M
Prepaid Assets	--	--	--	--	86.0M
Other Current Assets	179.0M	108.0M	119.0M	123.0M	86.0M
Current Assets	2.8B	2.3B	2.2B	2.0B	1.8B
Gross PPE	5.5B	5.2B	4.3B	4.1B	4.1B
Accumulated Depreciation	-1.2B	-1.1B	-1.2B	-1.1B	-979.0M
Net PPE	4.3B	4.1B	3.1B	3.0B	3.2B
Goodwill	6.3B	6.0B	5.8B	5.7B	6.0B
Goodwill And Other Intangible Assets	17.5B	16.9B	16.9B	16.7B	17.4B
Other Intangible Assets	11.2B	10.9B	11.1B	11.0B	11.4B
Other Non Current Assets	1.0B	1.4B	1.3B	987.0M	762.0M
Total Non Current Assets	22.8B	22.4B	21.2B	20.7B	21.4B
Total Assets	25.6B	24.6B	23.4B	22.7B	23.2B
Current Debt	68.0M	222.0M	101.0M	127.0M	96.0M
Current Debt And Capital Lease Obligation	268.0M	415.0M	248.0M	264.0M	236.0M
Accounts Payable	866.0M	765.0M	790.0M	758.0M	614.0M
Payables	1.3B	1.3B	1.2B	1.2B	961.0M
Payables And Accrued Expenses	1.7B	1.5B	1.4B	1.4B	1.2B
Current Accrued Expenses	343.0M	228.0M	242.0M	235.0M	223.0M
Current Deferred Revenue	326.0M	307.0M	325.0M	273.0M	269.0M
Other Current Liabilities	437.0M	--	--	--	--
Current Liabilities	2.9B	2.4B	2.1B	2.1B	1.9B
Long Term Debt	13.2B	13.5B	12.9B	12.8B	12.9B
Long Term Debt And Capital Lease Obligation	15.4B	15.5B	14.3B	14.2B	14.4B
Long Term Capital Lease Obligation	2.2B	2.1B	1.4B	1.4B	1.5B
Other Non Current Liabilities	57.0M	29.0M	24.0M	25.0M	34.0M
Total Non Current Liabilities Net Minority Interest	17.6B	17.4B	16.5B	16.4B	17.5B
Total Liabilities Net Minority Interest	20.5B	19.8B	18.7B	18.5B	19.4B
Common Stock	2.9B	2.4B	2.0B	2.1B	2.2B
Capital Stock	2.9B	2.4B	2.0B	2.1B	2.2B
Retained Earnings	1.8B	1.9B	1.6B	1.1B	791.0M
Gains Losses Not Affecting Retained Earnings	-1.0B	-1.1B	-706.0M	-679.0M	-710.0M
Other Equity Adjustments	-1.0B	-1.1B	-706.0M	-679.0M	-710.0M
Common Stock Equity	3.6B	3.1B	2.9B	2.5B	2.2B
Stockholders Equity	3.6B	3.1B	2.9B	2.5B	2.2B
Total Equity Gross Minority Interest	5.2B	4.8B	4.7B	4.3B	3.9B
Minority Interest	1.5B	1.7B	1.9B	1.8B	1.6B
Total Capitalization	16.9B	16.6B	15.7B	15.3B	15.2B
Net Tangible Assets	-13.9B	-13.8B	-14.0B	-14.2B	-15.2B
Tangible Book Value	-13.9B	-13.8B	-14.0B	-14.2B	-15.2B
Working Capital	-61.0M	-82.0M	29.0M	-68.0M	-62.0M
Invested Capital	17.0B	16.8B	15.8B	15.5B	15.2B
Total Debt	15.7B	16.0B	14.5B	14.5B	14.6B
Net Debt	12.2B	12.3B	11.8B	11.8B	11.9B
Share Issued	346.3M	324.4M	312.5M	307.1M	309.0M
Ordinary Shares Number	346.3M	324.4M	312.5M	307.1M	309.0M
Allowance For Doubtful Accounts Receivable	-54.0M	-57.0M	-37.0M	-36.0M	-18.0M
Assets Held For Sale Current	489.0M	0.00	--	--	--
Buildings And Improvements	1.5B	1.3B	1.2B	1.2B	1.2B
Capital Lease Obligations	2.4B	2.3B	1.6B	1.5B	1.6B
Construction In Progress	124.0M	116.0M	62.0M	52.0M	30.0M
Current Capital Lease Obligation	200.0M	193.0M	147.0M	137.0M	140.0M
Current Deferred Liabilities	326.0M	307.0M	325.0M	273.0M	269.0M
Current Provisions	25.0M	16.0M	18.0M	29.0M	90.0M
Derivative Product Liabilities	290.0M	1.0M	227.0M	34.0M	575.0M
Dividends Payable	283.0M	262.0M	245.0M	243.0M	241.0M
Employee Benefits	23.0M	23.0M	34.0M	40.0M	47.0M
Gross Accounts Receivable	848.0M	755.0M	786.0M	650.0M	565.0M
Interest Payable	69.0M	69.0M	67.0M	89.0M	63.0M
Investment Properties	--	--	--	82.0M	80.0M
Land And Improvements	959.0M	952.0M	987.0M	985.0M	1.0B
Machinery Furniture Equipment	320.0M	280.0M	347.0M	300.0M	257.0M
Non Current Deferred Liabilities	1.7B	1.8B	1.9B	1.9B	1.9B
Non Current Deferred Revenue	562.0M	571.0M	612.0M	584.0M	568.0M
Non Current Deferred Taxes Liabilities	1.1B	1.2B	1.3B	1.3B	1.4B
Non Current Pension And Other Postretirement Benefit Plans	23.0M	23.0M	34.0M	40.0M	47.0M
Other Current Borrowings	68.0M	222.0M	101.0M	127.0M	96.0M
Other Properties	2.6B	2.5B	1.7B	1.6B	1.6B
Pensionand Other Post Retirement Benefit Plans Current	155.0M	143.0M	147.0M	124.0M	99.0M
Properties	0.00	0.00	0.00	0.00	0.00
Total Tax Payable	188.0M	228.0M	129.0M	190.0M	106.0M
Tradeand Other Payables Non Current	77.0M	52.0M	57.0M	139.0M	533.0M
Treasury Shares Number	--	--	0.00	--	--

Line Item	FY 2025Dec 31, 2025	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021
Operating Cash Flow	1.7B	1.5B	1.3B	1.5B	1.7B
Cash Flow From Continuing Operating Activities	1.7B	1.5B	1.3B	1.5B	1.7B
Depreciation And Amortization	301.0M	264.0M	191.0M	190.0M	201.0M
Depreciation Amortization Depletion	301.0M	264.0M	191.0M	190.0M	201.0M
Stock Based Compensation	151.0M	172.0M	194.0M	136.0M	102.0M
Deferred Tax	97.0M	-5.0M	-430.0M	-60.0M	-5.0M
Deferred Income Tax	97.0M	-5.0M	-430.0M	-60.0M	-5.0M
Change In Working Capital	-68.0M	-71.0M	-237.0M	-310.0M	158.0M
Change In Receivables	-89.0M	7.0M	-147.0M	-110.0M	8.0M
Change In Inventory	-67.0M	30.0M	-43.0M	-61.0M	12.0M
Change In Payables And Accrued Expense	82.0M	-67.0M	31.0M	206.0M	216.0M
Change In Payable	89.0M	-30.0M	22.0M	169.0M	149.0M
Change In Other Working Capital	6.0M	-41.0M	-78.0M	-345.0M	-78.0M
Other Non Cash Items	30.0M	6.0M	21.0M	21.0M	-9.0M
Capital Expenditure	-265.0M	-201.0M	-120.0M	-100.0M	-106.0M
Purchase Of PPE	-265.0M	-201.0M	-120.0M	-100.0M	-106.0M
Net PPE Purchase And Sale	-265.0M	-201.0M	-120.0M	-100.0M	-106.0M
Purchase Of Business	-152.0M	-540.0M	-17.0M	-12.0M	-1.0B
Sale Of Investment	76.0M	74.0M	112.0M	71.0M	5.0M
Net Investment Purchase And Sale	76.0M	74.0M	112.0M	71.0M	5.0M
Investing Cash Flow	-318.0M	-660.0M	11.0M	-64.0M	-1.1B
Cash Flow From Continuing Investing Activities	-318.0M	-660.0M	11.0M	-64.0M	-1.1B
Issuance Of Debt	0.00	2.5B	55.0M	2.0M	1.3B
Repayment Of Debt	-427.0M	-2.2B	-92.0M	-94.0M	-889.0M
Net Issuance Payments Of Debt	-427.0M	260.0M	-37.0M	-92.0M	446.0M
Issuance Of Capital Stock	--	0.00	0.00	30.0M	0.00
Repurchase Of Capital Stock	0.00	0.00	-500.0M	-326.0M	-551.0M
Net Common Stock Issuance	0.00	0.00	-500.0M	-296.0M	-551.0M
Common Stock Dividend Paid	-1.1B	-1.0B	-990.0M	-971.0M	-974.0M
Common Stock Payments	0.00	0.00	-500.0M	-326.0M	-551.0M
Financing Cash Flow	-1.4B	-625.0M	-1.4B	-1.3B	-1.1B
Cash Flow From Continuing Financing Activities	-1.4B	-625.0M	-1.4B	-1.3B	-1.1B
Effect Of Exchange Rate Changes	16.0M	-23.0M	1.0M	-28.0M	-3.0M
Changes In Cash	-187.0M	218.0M	-40.0M	119.0M	-470.0M
Beginning Cash Position	1.3B	1.1B	1.2B	1.1B	1.6B
End Cash Position	1.2B	1.3B	1.1B	1.2B	1.1B
Free Cash Flow	1.4B	1.3B	1.2B	1.4B	1.6B
Income Tax Paid Supplemental Data	450.0M	293.0M	290.0M	275.0M	256.0M
Interest Paid Supplemental Data	714.0M	785.0M	761.0M	487.0M	404.0M
Cash Dividends Paid	-1.1B	-1.0B	-990.0M	-971.0M	-974.0M
Cash Flow From Discontinued Operation	-147.0M	0.00	0.00	--	--
Change In Accrued Expense	-7.0M	-37.0M	9.0M	37.0M	67.0M
Common Stock Issuance	--	0.00	0.00	30.0M	0.00
Earnings Losses From Equity Investments	-11.0M	-69.0M	-8.0M	44.0M	4.0M
Gain Loss On Investment Securities	-198.0M	-191.0M	-151.0M	-9.0M	87.0M
Long Term Debt Issuance	0.00	2.5B	55.0M	2.0M	1.3B
Long Term Debt Payments	-427.0M	-2.2B	-92.0M	-94.0M	-889.0M
Net Business Purchase And Sale	-152.0M	-540.0M	-17.0M	-12.0M	-1.0B
Net Foreign Currency Exchange Gain Loss	209.0M	-71.0M	20.0M	-4.0M	-76.0M
Net Income From Continuing Operations	1.2B	1.4B	1.7B	1.5B	1.3B
Net Long Term Debt Issuance	-427.0M	260.0M	-37.0M	-92.0M	446.0M
Net Other Financing Charges	66.0M	66.0M	93.0M	31.0M	-74.0M
Net Other Investing Changes	23.0M	7.0M	36.0M	-23.0M	2.0M
Net Short Term Debt Issuance	--	--	--	-92.0M	446.0M
Operating Gains Losses	2.0M	-308.0M	-134.0M	31.0M	26.0M
Proceeds From Stock Option Exercised	33.0M	78.0M	60.0M	21.0M	60.0M
Short Term Debt Issuance	--	--	--	2.0M	1.3B
Short Term Debt Payments	--	--	--	-94.0M	-889.0M