Sfinks Polska, the company operating restaurant chains such as SPHINX, The Burgers by SPHINX, and Piwiarnia, reported a 6% year-on-year increase in gastronomic sales across all its restaurant brands—excluding Piwiarnia—reaching PLN 50.3 million in the first quarter of 2025.
At the same time, the company’s standalone revenue declined due to the conversion of company-owned restaurants into franchised ones. As a result, standalone sales revenue dropped to PLN 12.8 million, compared to PLN 20.9 million in Q1 2024. Despite this, the company maintained a gross profit of PLN 0.5 million, while operating profit came in at PLN 0.1 million, down from PLN 3.4 million a year earlier.
On a net basis, Sfinks Polska reported a standalone net loss of PLN 2 million in Q1 2025, compared to a net profit of PLN 0.2 million in the same period of 2024.
“The first quarter is typically weaker in terms of sales due to seasonal factors, which was also evident this year. Operationally, the first three months were very similar to last year, but back then we also had one-off events that contributed to a much higher net result. This year’s Q1 results also reflect the continued transition of our own restaurants into franchise locations. At the end of 2024 alone, we transformed seven outlets, and 13 across the whole year. As a result, the sales from these restaurants are no longer included in our revenues; only the franchise fees are. That’s why we separately report gastronomic sales each quarter to allow for better comparability. In Q1, these sales increased by 6%,” said Sylwester Cacek, CEO of Sfinks Polska.
The published figures are preliminary standalone results. Sfinks Polska is expected to publish its final standalone and consolidated financial results for Q1 2025 on May 30.
Source: CEO.com.pl
