Sphera Group reports net profit of 97.2 million RON, up 22 percent in 2024

Sphera Franchise Group, the largest food service group in Romania, concluded 2024, the best year in its history, with sales of over 1.5 billion RON (up 5.4 percent) and a net profit of 97.2 million RON (up 22 percent).

“In 2024, we had remarkable financial results, we continued our expansion and improved operational efficiency. We strengthened our presence by opening seven new restaurants, especially drive-thru restaurants, which offer us flexibility and cover all service channels. We diversified our portfolio by adding Cioccolatitaliani, a premium brand through which we address a new market segment. All in a year marked by uncertainty, with tense elections, a difficult geopolitical climate and a worsening country’s rating outlook. We performed again in 2024 thanks to our teams in Romania, Italy and the Republic of Moldova, who overcame new challenges every day to fulfill our promises made to customers and investors alike,” said Călin Ionescu, CEO of Sphera Franchise Group. 

KFC Romania remained the driving force behind the Group’s financial performance, having the most significant contribution to increasing profitability and consolidating operational results. The expansion of the network, through the opening of five new KFC Romania units, had a positive impact on the overall performance, supporting revenue growth. KFC Romania achieved a net profit of over RON 100 million, 15.5 percent higher than in 2023, and an EBITDA margin of 13.3 percent.

Taco Bell continued to strengthen its profitability in 2024, with restaurant operating profit of RON 9.54 million, up 60 percent, and net profit almost six times higher (+496.3 percent) compared to the previous year. 

KFC Italy continued to generate profit in 2024, marking the second consecutive year of positive results. Sales reached RON 191.7 million, up 4.3 percent compared to the previous year, a healthy pace for a mature market, and net profit reached RON 1.1 million.

In 2024, compared to 2023, KFC Moldova continues its double-digit performance in the most important indicators: sales (RON 23.7 million, +15 percent), EBITDA (+RON 4.2 million, +13.6 percent), net profit (RON 3.1 million, +11.7 percent). The brand continues to deliver the best EBITDA margin in the Group, of 17.6 percent. 

Pizza Hut’s turnaround is delivering results, with the company moving from an operating loss in 2023 to a restaurant operating profit of nearly RON 1 million in 2024. Furthermore, Pizza Hut reduced its net loss by 30 percent in 2024 compared to 2023, driven by increased operational efficiency following the reorganization process. The optimizations began in 2023 and continued into 2024, primarily to eliminate overlaps resulting from the consolidation of Pizza Hut and Pizza Hut Delivery under a single brand.