TH International Ltd
Business
TH International Ltd is the master franchisee and operator of Tim Hortons in mainland China, with the exclusive rights to operate Tim Hortons in mainland China, Hong Kong and Macau and development rights for Popeyes in China. It sells coffee, tea, breakfast bagels, bakery items, sandwiches, snacks and specialty beverages, plus co‑branded and seasonal products. Its business is organized across company‑owned and operated stores and franchised stores, supported by supply‑chain, digital technology and development functions. It distributes through physical stores, franchised locations, mobile ordering, delivery platforms and retail partnerships.
Summary from filing dated 2025-05-15
Financials
Latest annual snapshot (FY2025, period end 2025-12-31). Full statement history unavailable for this entity.
| Revenue | $1.32B |
| Net income | $-434.49M |
| Total assets | $1.18B |
| Total liabilities | $2.41B |
| Stockholders' equity | $-1.24B |
| Operating cash flow | $-12.71M |