Restaurant Brands International Inc.

Financial Statements (IFRS) · Amounts in CAD

5 10 All

Annual Quarterly

Income Statement

Balance Sheet

Cash Flow

Line Item	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Total Revenue	2.5B	2.4B	2.4B	2.1B	2.3B
Operating Revenue	2.5B	2.4B	2.4B	2.1B	2.3B
Cost Of Revenue	1.6B	1.6B	1.6B	1.4B	1.6B
Gross Profit	831.0M	843.0M	815.0M	704.0M	744.0M
Selling General And Administration	178.0M	162.0M	167.0M	184.0M	185.0M
General And Administrative Expense	178.0M	162.0M	167.0M	184.0M	185.0M
Other Operating Expenses	2.0M	2.0M	3.0M	3.0M	1.0M
Operating Expense	180.0M	164.0M	170.0M	187.0M	186.0M
Operating Income	651.0M	679.0M	645.0M	517.0M	558.0M
EBIT	621.0M	666.0M	482.0M	437.0M	639.0M
Interest Expense	127.0M	132.0M	131.0M	132.0M	139.0M
Interest Expense Non Operating	127.0M	132.0M	131.0M	132.0M	139.0M
Interest Income	8.0M	9.0M	6.0M	8.0M	10.0M
Interest Income Non Operating	8.0M	9.0M	6.0M	8.0M	10.0M
Net Interest Income	-125.0M	-129.0M	-132.0M	-130.0M	-135.0M
Other Income Expense	-33.0M	-16.0M	-162.0M	-82.0M	77.0M
Special Income Charges	-31.0M	-17.0M	-35.0M	-12.0M	-9.0M
Restructuring And Mergern Acquisition	15.0M	8.0M	21.0M	7.0M	14.0M
Gain On Sale Of Security	-1.0M	-1.0M	-132.0M	-75.0M	86.0M
Earnings From Equity Interest	-1.0M	2.0M	5.0M	5.0M	0.00
Pretax Income	494.0M	534.0M	351.0M	305.0M	500.0M
Tax Provision	220.0M	94.0M	87.0M	82.0M	139.0M
Tax Effect Of Unusual Items	-6.7M	-3.2M	-41.4M	-23.4M	21.4M
Net Income From Continuing And Discontinued Operation	113.0M	315.0M	189.0M	159.0M	259.0M
Net Income From Continuing Operation Net Minority Interest	232.0M	319.0M	190.0M	161.0M	259.0M
Net Income Including Noncontrolling Interests	155.0M	436.0M	263.0M	221.0M	361.0M
Minority Interests	-42.0M	-121.0M	-74.0M	-62.0M	-102.0M
Net Income Common Stockholders	113.0M	315.0M	189.0M	159.0M	259.0M
Net Income	113.0M	315.0M	189.0M	159.0M	259.0M
EBITDA	697.0M	743.0M	559.0M	508.0M	716.0M
Normalized EBITDA	729.0M	761.0M	726.0M	595.0M	639.0M
Reconciled Depreciation	76.0M	77.0M	77.0M	71.0M	77.0M
Basic EPS	0.34	--	0.58	0.49	0.80
Diluted EPS	0.34	--	0.57	0.49	0.79
Basic Average Shares	334.0M	--	328.0M	326.0M	324.0M
Diluted Average Shares	457.0M	--	457.0M	456.0M	455.0M
Total Unusual Items	-32.0M	-18.0M	-167.0M	-87.0M	77.0M
Total Unusual Items Excluding Goodwill	-32.0M	-18.0M	-167.0M	-87.0M	77.0M
Tax Rate For Calcs	0.21	0.18	0.25	0.27	0.28
Normalized Income	257.3M	333.8M	315.6M	224.6M	203.4M
Average Dilution Earnings	--	--	74.0M	63.0M	101.0M
Diluted NI Availto Com Stockholders	411.0M	315.0M	263.0M	223.0M	360.0M
Gain On Sale Of Ppe	-13.0M	-7.0M	-13.0M	-2.0M	3.0M
Net Income Continuous Operations	274.0M	440.0M	264.0M	223.0M	361.0M
Net Income Discontinuous Operations	-119.0M	-4.0M	-1.0M	-2.0M	--
Net Non Operating Interest Income Expense	-125.0M	-129.0M	-132.0M	-130.0M	-135.0M
Other Gand A	178.0M	162.0M	167.0M	184.0M	185.0M
Other Special Charges	3.0M	2.0M	1.0M	3.0M	-2.0M
Reconciled Cost Of Revenue	1.6B	1.6B	1.6B	1.4B	1.6B
Total Expenses	1.8B	1.8B	1.8B	1.6B	1.7B
Total Operating Income As Reported	621.0M	663.0M	483.0M	435.0M	635.0M
Total Other Finance Cost	6.0M	6.0M	7.0M	6.0M	6.0M

Line Item	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Cash And Cash Equivalents	1.2B	1.2B	1.0B	899.0M	1.3B
Cash Cash Equivalents And Short Term Investments	1.2B	1.2B	1.0B	899.0M	1.3B
Accounts Receivable	794.0M	761.0M	778.0M	677.0M	698.0M
Receivables	794.0M	761.0M	778.0M	677.0M	698.0M
Inventory	205.0M	216.0M	167.0M	159.0M	142.0M
Other Current Assets	179.0M	201.0M	195.0M	150.0M	108.0M
Current Assets	2.8B	3.0B	2.8B	2.5B	2.3B
Gross PPE	5.5B	5.4B	5.3B	5.2B	5.2B
Accumulated Depreciation	-1.2B	-1.2B	-1.2B	-1.1B	-1.1B
Net PPE	4.3B	4.2B	4.2B	4.1B	4.1B
Goodwill	6.3B	6.2B	6.3B	6.1B	6.0B
Goodwill And Other Intangible Assets	17.5B	17.4B	17.6B	17.0B	16.9B
Other Intangible Assets	11.2B	11.1B	11.3B	10.9B	10.9B
Other Non Current Assets	1.0B	1.1B	1.2B	1.2B	1.4B
Total Non Current Assets	22.8B	22.7B	22.9B	22.4B	22.4B
Total Assets	25.6B	25.7B	25.7B	24.9B	24.6B
Current Debt	68.0M	116.0M	221.0M	218.0M	222.0M
Current Debt And Capital Lease Obligation	268.0M	316.0M	422.0M	413.0M	415.0M
Accounts Payable	866.0M	826.0M	763.0M	697.0M	765.0M
Payables	1.3B	1.3B	1.2B	1.1B	1.3B
Payables And Accrued Expenses	1.7B	1.6B	1.5B	1.3B	1.5B
Current Accrued Expenses	343.0M	319.0M	259.0M	245.0M	228.0M
Current Deferred Revenue	326.0M	264.0M	266.0M	249.0M	307.0M
Other Current Liabilities	437.0M	458.0M	446.0M	500.0M	--
Current Liabilities	2.9B	2.8B	2.8B	2.6B	2.4B
Long Term Debt	13.2B	13.4B	13.4B	13.4B	13.5B
Long Term Debt And Capital Lease Obligation	15.4B	15.6B	15.6B	15.5B	15.5B
Long Term Capital Lease Obligation	2.2B	2.1B	2.1B	2.1B	2.1B
Other Non Current Liabilities	57.0M	47.0M	27.0M	29.0M	29.0M
Total Non Current Liabilities Net Minority Interest	17.6B	17.7B	17.8B	17.4B	17.4B
Total Liabilities Net Minority Interest	20.5B	20.5B	20.6B	20.1B	19.8B
Common Stock	2.9B	2.5B	2.5B	2.4B	2.4B
Capital Stock	2.9B	2.5B	2.5B	2.4B	2.4B
Retained Earnings	1.8B	1.9B	1.8B	1.8B	1.9B
Gains Losses Not Affecting Retained Earnings	-1.0B	-1.0B	-946.0M	-1.1B	-1.1B
Other Equity Adjustments	-1.0B	-1.0B	-946.0M	-1.1B	-1.1B
Common Stock Equity	3.6B	3.4B	3.3B	3.1B	3.1B
Stockholders Equity	3.6B	3.4B	3.3B	3.1B	3.1B
Total Equity Gross Minority Interest	5.2B	5.2B	5.1B	4.8B	4.8B
Minority Interest	1.5B	1.8B	1.8B	1.7B	1.7B
Total Capitalization	16.9B	16.8B	16.7B	16.6B	16.6B
Net Tangible Assets	-13.9B	-14.0B	-14.3B	-13.9B	-13.8B
Tangible Book Value	-13.9B	-14.0B	-14.3B	-13.9B	-13.8B
Working Capital	-61.0M	168.0M	34.0M	-97.0M	-82.0M
Invested Capital	17.0B	16.9B	17.0B	16.8B	16.8B
Total Debt	15.7B	15.9B	16.0B	15.9B	16.0B
Net Debt	12.2B	12.3B	12.6B	12.8B	12.3B
Share Issued	346.3M	327.8M	327.8M	327.6M	324.4M
Ordinary Shares Number	346.3M	327.8M	327.8M	327.6M	324.4M
Allowance For Doubtful Accounts Receivable	-54.0M	-63.0M	-58.0M	-46.0M	-57.0M
Assets Held For Sale Current	489.0M	631.0M	622.0M	645.0M	0.00
Buildings And Improvements	1.5B	--	--	--	1.3B
Capital Lease Obligations	2.4B	2.3B	2.3B	2.3B	2.3B
Construction In Progress	124.0M	--	--	--	116.0M
Current Capital Lease Obligation	200.0M	200.0M	201.0M	195.0M	193.0M
Current Deferred Liabilities	326.0M	264.0M	266.0M	249.0M	307.0M
Current Provisions	25.0M	23.0M	20.0M	14.0M	16.0M
Derivative Product Liabilities	290.0M	260.0M	385.0M	36.0M	1.0M
Dividends Payable	283.0M	282.0M	282.0M	282.0M	262.0M
Employee Benefits	23.0M	24.0M	24.0M	23.0M	23.0M
Gross Accounts Receivable	848.0M	824.0M	836.0M	723.0M	755.0M
Interest Payable	69.0M	96.0M	69.0M	96.0M	69.0M
Land And Improvements	959.0M	--	--	--	952.0M
Machinery Furniture Equipment	320.0M	--	--	--	280.0M
Non Current Deferred Liabilities	1.7B	1.7B	1.8B	1.8B	1.8B
Non Current Deferred Revenue	562.0M	567.0M	574.0M	563.0M	571.0M
Non Current Deferred Taxes Liabilities	1.1B	1.2B	1.2B	1.2B	1.2B
Non Current Pension And Other Postretirement Benefit Plans	23.0M	24.0M	24.0M	23.0M	23.0M
Other Current Borrowings	68.0M	116.0M	221.0M	218.0M	222.0M
Other Properties	2.6B	5.4B	5.3B	5.2B	2.5B
Pensionand Other Post Retirement Benefit Plans Current	155.0M	139.0M	123.0M	105.0M	143.0M
Properties	0.00	--	--	--	0.00
Total Tax Payable	188.0M	220.0M	173.0M	122.0M	228.0M
Tradeand Other Payables Non Current	77.0M	53.0M	55.0M	53.0M	52.0M

Line Item	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Operating Cash Flow	555.0M	592.0M	449.0M	118.0M	481.0M
Cash Flow From Continuing Operating Activities	555.0M	592.0M	449.0M	118.0M	481.0M
Depreciation And Amortization	76.0M	77.0M	77.0M	71.0M	77.0M
Depreciation Amortization Depletion	76.0M	77.0M	77.0M	71.0M	77.0M
Stock Based Compensation	38.0M	32.0M	33.0M	48.0M	48.0M
Deferred Tax	116.0M	-27.0M	-7.0M	15.0M	11.0M
Deferred Income Tax	116.0M	-27.0M	-7.0M	15.0M	11.0M
Change In Working Capital	101.0M	113.0M	-13.0M	-269.0M	115.0M
Change In Receivables	-23.0M	6.0M	-87.0M	15.0M	-50.0M
Change In Inventory	9.0M	-46.0M	9.0M	-39.0M	29.0M
Change In Payables And Accrued Expense	86.0M	157.0M	77.0M	-238.0M	149.0M
Change In Payable	31.0M	64.0M	45.0M	-51.0M	15.0M
Change In Other Working Capital	29.0M	-4.0M	-12.0M	-7.0M	-13.0M
Other Non Cash Items	-7.0M	7.0M	19.0M	11.0M	--
Capital Expenditure	-102.0M	-61.0M	-38.0M	-64.0M	-77.0M
Purchase Of PPE	-102.0M	-61.0M	-38.0M	-64.0M	-77.0M
Net PPE Purchase And Sale	-102.0M	-61.0M	-38.0M	-64.0M	-77.0M
Purchase Of Business	0.00	0.00	-1.0M	-151.0M	-2.0M
Sale Of Investment	18.0M	--	--	21.0M	--
Net Investment Purchase And Sale	18.0M	18.0M	19.0M	21.0M	20.0M
Investing Cash Flow	-105.0M	-11.0M	-18.0M	-184.0M	-44.0M
Cash Flow From Continuing Investing Activities	-105.0M	-11.0M	-18.0M	-184.0M	-44.0M
Issuance Of Debt	0.00	0.00	--	--	0.00
Repayment Of Debt	-229.0M	-132.0M	-33.0M	-33.0M	-26.0M
Net Issuance Payments Of Debt	-229.0M	-132.0M	-33.0M	-33.0M	-26.0M
Repurchase Of Capital Stock	--	--	--	--	0.00
Net Common Stock Issuance	--	--	--	--	0.00
Common Stock Dividend Paid	-282.0M	-282.0M	-282.0M	-262.0M	-262.0M
Common Stock Payments	--	--	--	--	0.00
Financing Cash Flow	-484.0M	-397.0M	-290.0M	-265.0M	-260.0M
Cash Flow From Continuing Financing Activities	-484.0M	-397.0M	-290.0M	-265.0M	-260.0M
Effect Of Exchange Rate Changes	1.0M	-4.0M	16.0M	3.0M	-19.0M
Changes In Cash	-44.0M	184.0M	111.0M	-438.0M	177.0M
Beginning Cash Position	1.2B	1.0B	899.0M	1.3B	1.2B
End Cash Position	1.2B	1.2B	1.0B	899.0M	1.3B
Free Cash Flow	453.0M	531.0M	411.0M	54.0M	404.0M
Income Tax Paid Supplemental Data	81.0M	84.0M	95.0M	190.0M	31.0M
Interest Paid Supplemental Data	200.0M	154.0M	207.0M	153.0M	216.0M
Cash Dividends Paid	-282.0M	-282.0M	-282.0M	-262.0M	-262.0M
Cash Flow From Discontinued Operation	-10.0M	0.00	-30.0M	-107.0M	--
Change In Accrued Expense	55.0M	93.0M	32.0M	-187.0M	134.0M
Earnings Losses From Equity Investments	1.0M	-2.0M	-5.0M	-5.0M	0.00
Gain Loss On Investment Securities	-47.0M	-49.0M	-51.0M	-51.0M	-51.0M
Long Term Debt Issuance	0.00	0.00	--	--	0.00
Long Term Debt Payments	-229.0M	-132.0M	-33.0M	-33.0M	-26.0M
Net Business Purchase And Sale	0.00	0.00	-1.0M	-151.0M	-2.0M
Net Foreign Currency Exchange Gain Loss	1.0M	1.0M	132.0M	75.0M	-86.0M
Net Income From Continuing Operations	274.0M	440.0M	264.0M	223.0M	361.0M
Net Long Term Debt Issuance	-229.0M	-132.0M	-33.0M	-33.0M	-26.0M
Net Other Financing Charges	14.0M	17.0M	18.0M	17.0M	21.0M
Net Other Investing Changes	-21.0M	32.0M	2.0M	10.0M	15.0M
Operating Gains Losses	-43.0M	-50.0M	76.0M	19.0M	-137.0M
Proceeds From Stock Option Exercised	13.0M	0.00	7.0M	13.0M	7.0M