Tims China (NASDAQ:THCH), the exclusive operator of Tim Hortons coffee shops in China, reported on Tuesday, April 14, 2026, that fourth-quarter system sales rose 4% year-over-year to RMB359.4 million.
The company concluded 2025 with a significantly expanded loyalty base and a physical footprint exceeding 1,000 stores, even as it continues to navigate a challenging broader macroeconomic environment.
Total revenues for the fourth quarter were RMB308.5 million, a 7.3% decrease compared to the same period in 2024.
This decline was largely attributed to a strategic shift in store mix and same-store sales pressure.
For the full year, total revenues reached RMB1,316.2 million, down 5.4% from the previous year.
The company continued its measured expansion, opening 17 net new stores during the fourth quarter to bring its system-wide total to 1,047 locations.
The expansion has been increasingly supported by the firm's loyalty program, which grew 29% year-over-year to reach 31 million registered members by the end of 2025.
Profitability remains a work in progress for the Shanghai-based operator.
Tims China reported a Q4 operating loss of RMB118.6 million and a net loss from continuing operations of RMB227.2 million.
However, the company highlighted progress in cost management, noting that its adjusted corporate EBITDA loss narrowed to RMB35.4 million for the quarter, reflecting improved operational efficiencies at the corporate level.
Elsewhere, the company’s store contribution margin—previously reported as adjusted store EBITDA—was 3.7% for the quarter, compared to 4.8% in the prior year.
This contraction reflects the impact of promotional activity and higher labor costs, partially offset by better supply chain procurement.