TH International Limited Q1 2026 Financial Results

TH International Limited announced its first quarter 2026 financial results, reporting total revenues of RMB256.7 million (USD37.2 million), a decrease of 14.6% compared to the same quarter in 2025. The company experienced a net closure of 21 stores, with a decrease in company-owned store contribution to RMB3.7 million. Despite a decrease in revenues and store contribution, the company saw a 42.9% year-over-year growth in registered loyalty club members, totaling 35.9 million. The company also entered into an agreement for up to US$55.0 million in additional senior secured convertible notes to fund expansion and fortify its balance sheet. Net loss for the quarter was RMB109.3 million (USD15.8 million).