Full Transcript: Boston Pizza Royalties Q1 2026 Earnings Call

On Wednesday, Boston Pizza Royalties (TSX:BPF) discussed first-quarter fiscal results during its net call. The afloat transcript is provided below.

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Summary

BPF.UN reported franchise income of $238.4 cardinal successful Q1 2026, a 3.1% summation from the erstwhile year, driven by promotional initiatives and accrued takeout and transportation traffic.

The Fund posted royalty income of $9.5 cardinal and organisation income of $3.1 million, some showing marginal increases from Q1 2025.

Net and broad income roseate to $2 cardinal for Q1 2026, chiefly owed to a $7.4 cardinal summation successful just worth gain.

BPF.UN launched respective promotional initiatives, including Pasta Tuesday and heart-shaped pizzas for Valentine's Day, raising $650,000 for section charities.

The institution closed 2 restaurants successful Q1 but has operation underway for caller locations successful Revelstoke, B.C., and Dryden, Ontario, among others.

The Fund's distributable currency accrued to $7.5 million, with a payout ratio of 101.6%, and the monthly organisation complaint was raised to 12.4 cents per unit.

Looking ahead, BPF.UN plans to absorption connected impermanent engagement done sports-themed promotions and partnerships, portion monitoring geopolitical developments for imaginable outgo impacts.

Full Transcript

Michael Harpenson (Chief Financial Officer)

Very bully and convey you. Welcome to the call. Today we'll beryllium discussing the 2026 archetypal 4th results for some Boston Pizza Royalties Income Fund oregon the Fund arsenic good arsenic Boston Pizza International oregon bpi. For implicit details connected our fiscal results, Please spot our archetypal 4th materials filed earlier contiguous connected SEDAR positive oregon sojourn the Fund's website astatine bpincomefund.com should you necessitate further information. After the call, you tin scope retired to our Investor Relations email astatine the code of capitalist [email protected] the money is simply a constricted intent unfastened ended spot established nether the laws of British Columbia. Its intent is to get indirectly definite trademarks and commercialized names utilized by BPI successful its Boston Pizza restaurants successful Canada. BPI pays royalty income and organisation income to the Fund based connected franchise gross of royalty excavation restaurants. For a implicit statement of the Fund and its business, delight spot the Annual accusation signifier dated February 12, 2026 which was filed connected Sedarplus CA. Before I crook the telephone implicit to Jordan Holm, President of bpi, I would similar to enactment that definite accusation successful the pursuing treatment whitethorn represent guardant looking information. For a much implicit explanation of guardant looking accusation and the associated risks, delight notation to the Fund's absorption treatment and investigation issued earlier today. Forward looking accusation is provided arsenic of the day of this telephone and but arsenic required by law, we presume nary work to update oregon revise guardant looking accusation to bespeak caller events oregon circumstances and with that I volition present turn