Steven Silver

Sunny Huang

Jonathan Norwood

- For Q2 2025, TH International Limited reported **total revenues of RMB349.0 million** (USD48.7 million), a **4.9% decrease** from the same quarter of 2024, while **system sales increased by 1.4%** year-over-year to **RMB409.5 million** (USD57.2 million).  **[1877333_0001213900-25-080740_ea025462001ex99-1_thintern.htm:0]** **[1877333_0001213900-25-080740_ea025462001ex99-1_thintern.htm:2]** 
- The company achieved **positive adjusted corporate EBITDA of RMB2.2 million** (USD0.3 million) in Q2 2025, and its **adjusted net loss decreased by 16.2%** year-over-year to **RMB39.7 million** (USD5.5 million).  **[1877333_0001213900-25-080740_ea025462001ex99-1_thintern.htm:0]** **[1877333_0001213900-25-080740_ea025462001ex99-1_thintern.htm:1]** **[1877333_0001213900-25-080740_ea025462001ex99-1_thintern.htm:4]** 
- Operational highlights include a **22.4% year-over-year growth** in registered loyalty club members, reaching **26.2 million** as of June 30, 2025, and an increase in franchised stores to **449** from 333 year-over-year.  **[1877333_0001213900-25-080740_ea025462001ex99-1_thintern.htm:0]** **[1877333_0001213900-25-080740_ea025462001ex99-1_thintern.htm:2]**  Food revenue also increased by **8.6% year-over-year**, contributing a historical high of **35.2%** to system sales.  **[1877333_0001213900-25-080740_ea025462001ex99-1_thintern.htm:1]**

TH International (THCH)