MTY. MTY Food Group Inc.

MTY Food Group Inc. announces renewal of normal course issuer bid

MTY Food Group Inc. announces renewal of normal course issuer bid

MONTREAL, June 30, 2025 (GLOBE NEWSWIRE) -- MTY Food Group Inc. (“MTY” or the “Company”) (TSX: MTY), franchisor and operator of multiple concepts of restaurants, has been informed that the Toronto Stock Exchange (“TSX”) has approved the renewal of MTY’s normal course issuer bid (“NCIB”).

Under the normal course issuer bid, MTY may purchase for cancellation up to 1,142,068 common shares during the period starting July 3, 2025 and ending July 2, 2026, representing approximately 5% of the 22,841,361 outstanding common shares, as at June 19, 2025. MTY will make any purchases in accordance with the rules and policies of the TSX and through the facilities of the TSX or alternative trading systems in Canada at the prevailing market prices.

Under its previous NCIB, which entered into effect on July 3, 2024 and which expires on July 2, 2025, MTY was authorized to purchase 1,196,513 common shares. As of June 19, 2025, MTY repurchased 1,059,100 common shares at a weighted average price paid per security of $44.96 through the facilities of the TSX and on alternative trading systems in Canada.

The average daily trading volume for the common shares on the TSX during the six-month period ended May 31, 2025, was 50,791 common shares. As a result, under the TSX’s rules, MTY may purchase a maximum of 12,697 common shares (being 25% of the average daily trading volume) on any one day, except pursuant to permitted block purchase exception. The actual number of common shares to be purchased and the timing of any such purchases will generally be determined by MTY from time to time as market conditions warrant. In addition, MTY may from time to time repurchase common shares under an automatic securities purchase plan it may enter into with a broker, which would enable purchases during times when MTY would typically not be permitted to purchase its shares due to regulatory or other reasons.

The Board of Directors and senior management of MTY are of the opinion that from time to time the purchase of common shares at prevailing market prices is a worthwhile capital allocation strategy and is in the best interest of the Company.

Certain information in this News Release may constitute “forward-looking” information that involves known and unknown risks, uncertainties, future expectations and other factors which may cause the actual results, performance or achievements of the Company or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. When used in this News Release, this information may include words such as “anticipate”, “estimate”, “may”, “will”, “expect”, “believe”, “plan” and other terminology. This information reflects current expectations regarding future events and operating performance and speaks only as of the date of this News Release. Except as required by law, we assume no obligation to update or revise forward-looking information to reflect new events or circumstances. Additional information is available in the Company’s Management Discussion and Analysis, which can be found on SEDAR+ at .

For more information please contact Eric Lefebvre, Chief Executive Officer at 1-514-336-8885 or by email at , or visit our website: or SEDAR+’s website at under the Company’s name.



EN
30/06/2025

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on MTY Food Group Inc.

 PRESS RELEASE

MTY Reports Second Quarter Results for Fiscal 2025

MTY Reports Second Quarter Results for Fiscal 2025 Net income attributable to owners increased to $57.3 million, or $2.49 per diluted share compared to $27.3 million, or $1.13 per diluted share in Q2-24.Cash flows provided by operating activities were $40.2 million compared to $40.6 million in Q2-24, a decrease of $0.4 million mainly attributable to lower segment EBITDA.Franchise segment normalized adjusted EBITDA(1) increased by 3% to attain $54.0 million in the quarter, compared to $52.6 million in Q2-24.Normalized adjusted EBITDA(1) decreased 5% to reach $70.0 million in the quarter, com...

 PRESS RELEASE

MTY annonce ses résultats du deuxième trimestre de l’exercice 2025

MTY annonce ses résultats du deuxième trimestre de l’exercice 2025 Le bénéfice net attribuable aux propriétaires a augmenté pour atteindre 57,3 millions de dollars, soit 2,49 $ par action diluée comparativement à 27,3 millions de dollars, soit 1,13 $ par action diluée au 2e trimestre 2024. ​Les flux de trésorerie provenant des activités d'exploitation se sont établis à 40,2 millions de dollars comparativement à 40,6 millions de dollars au 2e trimestre 2024, soit une baisse de 0,4 million de dollars, attribuable principalement au BAIIA inférieur du secteur.Le BAIIA ajusté normalisé (1) attri...

 PRESS RELEASE

MTY Food Group Inc Will Hold a Conference Call to Discuss Its Second Q...

MTY Food Group Inc Will Hold a Conference Call to Discuss Its Second Quarter Results MONTREAL, July 03, 2025 (GLOBE NEWSWIRE) -- OPEN TO:Analysts, investors and all interested parties  DATE:Friday, July 11, 2025  TIME:8:30 AM Eastern Time  RAPIDCONNET:To instantly join the conference call by phone, please use the following URL to easily register and be connected into the conference call automatically:   CALL:1-416-945-7677 (For all International participants) 1-888-699-1199 (For all other North American participants)   Participants can access a webcast of the conference by navigating t...

 PRESS RELEASE

Groupe d'Alimentation MTY Inc tiendra une téléconférence pour discuter...

Groupe d'Alimentation MTY Inc tiendra une téléconférence pour discuter des résultats de son deuxième trimestre MONTRÉAL, 03 juill. 2025 (GLOBE NEWSWIRE) -- OUVERTE AUX :Analystes, investisseurs et autres personnes intéressées  DATE :Le vendredi 11 juillet 2025  HEURE :8 h 30, heure de l’Est  RAPIDCONNET :Pour rejoindre instantanément la conférence téléphonique par téléphone, veuillez utiliser l'URL suivante pour vous inscrire facilement et être connecté automatiquement à la conférence téléphonique :   TÉL. :1-416-945-7677 (Pour tous les participants d’outre-mer) 1-888-699-1199 (Pour tou...

 PRESS RELEASE

Groupe d’alimentation MTY inc. annonce le renouvellement de son offre ...

Groupe d’alimentation MTY inc. annonce le renouvellement de son offre publique de rachat dans le cours normal des activités MONTRÉAL, 30 juin 2025 (GLOBE NEWSWIRE) -- La Bourse de Toronto (« TSX ») a approuvé le renouvellement de l’offre publique de rachat dans le cours normal des activités (« l’OPRCN ») de Groupe d’alimentation MTY inc. (« MTY » ou la « Société »), franchiseur et exploitant de multiples concepts de restauration (TSX : MTY). En vertu de son OPRCN, MTY peut racheter pour annulation jusqu’à 1 142 068 de ses actions ordinaires au cours de la période allant du 3 juillet 2025...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch