Yum China (09987) released annual performance with total revenue increasing by 4% year-on-year to 11.8 billion US dollars.

YUM CHINA (09987) announced its financial performance for the year ending December 31, 2025, with a 4% year-on-year increase in system sales, excluding the impact of foreign exchange rate fluctuations. Same store sales also saw a 1% year-on-year growth. Total revenue increased by 4% to $11.8 billion, with a similar 4% growth excluding the impact of foreign exchange rates. The company added a net of 1,706 new stores, of which 31% were franchise stores. As of December 31, 2025, the total number of stores reached 18,101. Operating profit increased by 11% to $1.3 billion. Core operating profit also grew by 11%. The operating profit margin was 10.9%, up by 60 basis points year-on-year. Restaurant profit margin increased by 60 basis points to 16.3%, primarily benefiting from improvements in the proportion of food and packaging costs, property rent, and other operating expenses. Diluted earnings per share increased by 8% to $2.51, excluding the impact of foreign exchange rates, also up by 8%. Excluding the impact of market-valued equity investments, diluted earnings per share grew by 14% year-on-year. YUM CHINA returned $1.5 billion to shareholders in 2025, including $353 million in cash dividends and $1.14 billion in stock repurchases. Delivery sales saw a 25% year-on-year increase, accounting for approximately 48% of total restaurant revenue, up from 39% the previous year. The combined membership of KFC and Pizza Hut exceeded 590 million, a 13% year-on-year growth. Active members, those who have made a transaction at KFC or Pizza Hut within the last 12 months, surpassed 265 million, a 13% year-on-year increase.