Tims China Q2 FY26 net loss widens to RMB 97.4 million; revenue drops 21.7% to RMB 273.4 million
THCH•Q2 results
TH International posted Q2 2026 revenue of RMB 273.4 million, down 21.7% from a year earlier.
Net loss widened to RMB 97.4 million; operating loss deepened to RMB 58.1 million.
Sales and store changes
System sales slipped 15.1% to RMB 347.8 million; net new openings totaled two after 15 MTO openings and 13 non-MTO closures.
Management comments and financing
CEO Kwok Wah (John) Cheung said results were hit by underperforming store closures and weaker same-store sales, while loyalty members rose 41.7% to 37.1 million.
CFO Dong (Albert) Li said the company closed a first tranche of US$15.8 million in senior secured convertible notes from THRI in July.
