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TH International Limited (THCH) Financial History

Name: TH International Limited (THCH) financial statement history
Creator: TickerBase
License: https://creativecommons.org/licenses/by/4.0/

4 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

Consumer Cyclical · Restaurants · DATA UPDATED 2026-09-08

TH International Limited (THCH) operates in the Restaurants industry and is headquartered in Shanghai, China with about 1,544 employees. Its market capitalization is roughly $43 million. In the fiscal year ended 2025-12-31, THCH reported CNY 1.3B in revenue and (CNY 434M) in net income.

TH International Limited, together with its subsidiaries, develops, operates, and franchises coffee shops under the Tim Hortons brand in Mainland China, Hong Kong, and Macau. The company's stores offer coffee, alternative beverages, sandwiches, and baked goods.

Interactive charts & full statements → Open the THCH valuation workbench →

THCH Revenue & Earnings History — Annual Income Statement

Income statement	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Total Revenue	CNY 1.3B	CNY 1.4B	CNY 1.6B	CNY 1.0B	—
Gross Profit	CNY 209M	CNY 214M	CNY 156M	CNY 33M	—
Operating Income (EBIT)	(CNY 251M)	(CNY 289M)	(CNY 540M)	(CNY 565M)	—
Net Income	(CNY 434M)	(CNY 412M)	(CNY 876M)	(CNY 743M)	—

CNY; CNYM / CNYB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

THCH Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31
Total Revenue	CNY 273M	CNY 257M	CNY 308M	CNY 358M	CNY 349M	—	—
Gross Profit	CNY 39M	CNY 32M	CNY 42M	CNY 62M	CNY 60M	—	—
Operating Income (EBIT)	(CNY 53M)	(CNY 66M)	(CNY 86M)	(CNY 55M)	(CNY 38M)	—	—
Net Income	(CNY 98M)	(CNY 110M)	(CNY 228M)	(CNY 73M)	(CNY 76M)	—	—

CNY; CNYM / CNYB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

THCH Free Cash Flow History

THCH Balance Sheet History

Balance sheet	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Total Assets	CNY 1.2B	CNY 1.6B	CNY 2.2B	CNY 2.6B	—
Total Liabilities	CNY 2.4B	CNY 2.4B	CNY 2.6B	CNY 2.5B	—

CNY; CNYM / CNYB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive THCH viewer.

Other Companies in Restaurants

MB · MasterBeef Group — $75 million
3666 · Shanghai XNG Holdings Limited — HK$64 million
GENK · GEN Restaurant Group, Inc. — $63 million
STKS · The ONE Group Hospitality, Inc. — $51 million
1703 · Easyhold Group Holdings Limited — HK$43 million
RAVE · Rave Restaurant Group, Inc. — $41 million
CCHH · CCH Holdings Ltd — $24 million
ARKR · Ark Restaurants Corp. — $18 million

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