Jun 2026 (Q2 FY26) — Aug 18, 2026
TH International Limited Q2 FY26 — Revenue and Same-Store Sales Decline Amid Strategic Adjustments
Read the full callTH International (THCH) earnings
- Jun 2026 (Q2 FY26)
- Dec 2025
TH International earnings: last reported Tue, 18 Aug 2026, for the quarter ended Jun 2026.
Price
$1 0.00% · $0
Performance −59.7% 1Y
1Y: $2.48 on 17 Oct 2025 → $1. High $2.74 (5 Nov 2025), low $1 (9 Oct 2026).
- Previous close
- $1
- 52-week range
- $1 – $2.74
- One year
- −59.84%
Overview
- Symbol
- THCH
- Sector
- Consumer Discretionary
- Industry
- Retail-Eating Places
- Exchange
- US
- Currency
- USD
Call summaries
Mar 2026 (Q1 FY26) — Jun 9, 2026
Tims China Q1 FY26 — Strategic Shift to Quality Growth and Franchise Expansion
Read the full callEvery analysed call
TH International earnings calls (THCH)
Financials
What the filings say
| Line item | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Equity capital | — | 0 | 0 | 0 | 0 | 0 |
| Reserves | — | -100 | -200 | -318 | -366 | -443 |
| Total liabilities | — | 149 | 367 | 371 | 328 | 345 |
| Fixed assets | — | 87 | 104 | 94 | 69 | 47 |
| Investments | — | — | 54 | — | — | — |
| Total assets | — | 202 | 383 | 312 | 214 | 168 |
| Line item | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Cash from operations | -22 | -39 | -42 | -28 | -5 | -2 |
| Cash from investing | -22 | -53 | -102 | 8 | -1 | -9 |
| Cash from financing | 34 | 126 | 120 | 11 | 4 | 3 |
| Net cash flow | -13 | 34 | -22 | -5 | -3 | -8 |
| Capital expenditure | -22 | -53 | -49 | -41 | -14 | -9 |
| Free cash flow | -44 | -91 | -90 | -69 | -20 | -11 |
THCH operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Loyalty program members | 35.9M+As of March 31, 2026, our registered loyalty club members exceeded 35.9 million, reflecting a remarkable 42.9% year-over-year growth.Source: earnings call transcript | 37.1M+As of June 30, 2026, our registered loyalty club members exceeded 37.1 million, reflecting a remarkable 41.7% year-over-year growth.Source: earnings call transcript | — |
| Stores Company-owned and operated | 541Rental and property management fees were RMB 47.2 million (USD 6.8 million) for the 3 months ended March 31, 2026, representing a decrease of 16.2% from RMB 56.3 million in the same quarter of 2025, which was in line with the revenue trend as the number of our company-owned and operated stores decreased from 569 as of March 31, 2025, to 541 as of March 31, 2026.Source: earnings call transcript | 544Rental and property management fees were RMB 47.9 million in 2026 representing a decrease of 15.6% from RMB 56.8 million in the same quarter of 2025, which was primarily due to a decrease in the number of our company owned and operating stores from 566 of June 30, 2025 to 544 as of June 30, 2026.Source: earnings call transcript | +0.6% |
| Total orders Delivery | 4.9MDelivery costs were RMB 27.3 million (USD 4.0 million) for the 3 months ended March 31, 2026, representing an increase of 1.0% from RMB 27.0 million in the same quarter of 2025, which was in line with the 8.9% increase in delivery orders from 4.5 million in the first quarter of 2025 to 4.9 million in the same quarter of 2026, partially offset by a reduction in average delivery cost per order.Source: earnings call transcript | 7.2MDelivery costs were RMB 28.9 million in 2026, representing a decrease of 13.3% from RMB 33.3 million in the same quarter of 2025, which was in line with the 11.9% decrease in delivery orders from 8.2 million in the second quarter of 2025 to 7.2 million in the same quarter of 2026.Source: earnings call transcript | +46.9% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
No filings in the last 12 months.
No officer, director or 10% owner of THCH filed a Form 4 in this window. That is a statement about filings, not about ownership — see the note below.
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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