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Restaurant Brands International Limited Partnership reported Q3 2025 results with total revenues of $2,449 million, up from $2,291 million a year ago. Income from operations rose to $663 million from $577 million, and net income increased to $436 million from $357 million.
Earnings per Class A common unit were $1.51 (including $1.52 from continuing operations and a $0.01 loss from discontinued operations). Partnership exchangeable units earned $0.96. Supply chain sales were $769 million and franchise and property revenues were $778 million, reflecting solid activity across brands. As of September 30, 2025, the company operated 32,423 restaurants across more than 120 countries.
The balance sheet showed cash and cash equivalents of $1,206 million, long‑term debt of $13,415 million (net of current portion), and total assets of $25,669 million. Year‑to‑date cash flow from operating activities from continuing operations was $1,159 million.
Restaurant Brands International Limited Partnership furnished quarterly materials. The company provided a press release and supplemental financial and operational information for the three and nine months ended September 30, 2025, furnished as Exhibit 99.
The materials were submitted under Item 2.02 (Results of Operations and Financial Condition). A cover page Inline XBRL data file was included as Exhibit 104. The filing was signed by Chief Financial Officer Sami Siddiqui on October 30, 2025.