|
Adjusted EBITDA |
|
|
|
|
|
$m |
|
FY2025 |
FY2024 |
FY2023 |
|
|
|
|
|
|
|
Operating income (loss) |
|
143 |
142 |
(98) |
|
Add back: |
|
357 |
333 |
386 |
|
Depreciation and amortization before landlord contributions on leased properties |
|
293 |
253 |
293 |
|
Depreciation of landlord contributions (cost reimbursements) on leased properties |
|
64 |
80 |
93 |
|
|
|
|
|
|
|
Adjusting items: |
|
31 |
26 |
175 |
|
|
|
|
|
|
|
Impairment of long-lived assets and goodwill |
|
29 |
83 |
143 |
|
Loss (gain) on disposal of long-lived assets and other closure related (credits) costs |
|
2 |
(57) |
32 |
|
|
|
|
|
|
Adjusted EBITDA |
|
531 |
501 |
463 |
|
Net Debt |
|
|
|
|
$m |
|
FY2025 |
FY2024 |
|
Cash and cash equivalents[1] |
|
(302) |
(137) |
|
Short-term debt, net1 |
|
17 |
212 |
|
Long-term debt, net1 |
|
1,070 |
633 |
|
Cash flow hedges[2] |
|
(70) |
21 |
|
Net Debt |
|
715 |
729 |
[1] Consolidated Balance Sheets
[2] Note 18, Fair Value Measurements
