MTY Food Group reports Q4 profit compared with a loss a year earlier

Thai Express, a food court quick service restaurant that is part of MTY Food Group Inc., is seen in a mall in Montreal. THE CANADIAN PRESS/Christinne Muschi

MONTREAL — MTY Food Group Inc. reported a profit in its latest quarter compared with a loss a year earlier as its revenue rose higher.

The restaurant franchisor and operator says its net income attributable to owners amounted to $32.1 million or $1.40 per diluted share.

The result compared with a loss of $55.3 million, or $2.34 per diluted share a year earlier when the company recorded larger impairment charges.

Revenue totalled $305.4 million, up from $284.5 million, boosted by growth in its franchise operations in the U.S. and the processing, distribution and retail segment, partially offset by a decline in its corporate segment.

Same-store sales fell 1.7 per cent year-over-year in the fourth quarter.

MTY is the company behind more than 80 banners including Thai Express, Manchu Wok and Baton Rouge.

This report by The Canadian Press was first published Feb. 19, 2026.