Restaurant Brands International Limited Partnership
For the period ended Dec 31, 2025. Filed Feb 20, 2026.
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FY2025 · Filed Feb 20, 2026
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Consolidated Statements of Equity
(In millions of U.S. dollars, except unit data)
| Class ACommon Units · PartnershipExchangeable units · AccumulatedOtherComprehensiveIncome (Loss) · NoncontrollingInterests · Total | |||||||
|---|---|---|---|---|---|---|---|
| Units · Amount · Units · Amount | |||||||
| Balances at December 31, 2022 | 202,006,067 | $8,735 | 142,996,640 | $(3,496) | $(973) | $2 | $4,268 |
| Distributions declared on Class A common units ($3.42 per unit) | — | (691) | — | — | — | — | (691) |
| Distributions declared on Partnership exchangeable units ($2.20 per unit) | — | — | — | (302) | — | — | (302) |
| Exchange of Partnership exchangeable units for RBI common shares | — | 634 | (9,398,876) | (634) | — | — | — |
| Distributions to RBI for repurchase of RBI common shares | — | (500) | — | — | — | — | (500) |
| Capital contribution from RBI Inc. | — | 252 | — | — | — | — | 252 |
| Noncontrolling interests distributions | — | — | — | — | — | (3) | (3) |
| Net income | — | 1,190 | — | 525 | — | 3 | 1,718 |
| Other comprehensive income (loss) | — | — | — | — | (12) | — | (12) |
| Balances at December 31, 2023 | 202,006,067 | $9,620 | 133,597,764 | $(3,907) | $(985) | $2 | $4,730 |
| Distributions declared on Class A common units ($3.62 per unit) | — | (744) | — | — | — | — | (744) |
| Distributions declared on Partnership exchangeable units ($2.32 per unit) | — | — | — | (302) | — | — | (302) |
| Exchange of Partnership exchangeable units for RBI common shares | 6,559,187 | 453 | (6,559,187) | (453) | — | — | — |
| Capital contribution from RBI Inc. | — | 257 | — | — | — | — | 257 |
| Noncontrolling interests distributions | — | — | — | — | — | (3) | (3) |
| Net income | — | 1,021 | — | 421 | — | 3 | 1,445 |
| Other comprehensive income (loss) | — | — | — | — | (540) | — | (540) |
| Balances at December 31, 2024 | 208,565,254 | $10,607 | 127,038,577 | $(4,241) | $(1,525) | $2 | $4,843 |
| Distributions declared on Class A common units ($3.86 per unit) | — | (825) | — | — | — | — | (825) |
| Distributions declared on Partnership exchangeable units ($2.48 per unit) | — | — | — | (304) | — | — | (304) |
| Exchange of Partnership exchangeable units for RBI common shares | 17,682,032 | 1,268 | (17,682,032) | (1,268) | — | — | — |
| Capital contribution from RBI Inc. | — | 180 | — | — | — | — | 180 |
| Noncontrolling interests distributions | — | — | — | — | — | (1) | (1) |
| Net income | — | 776 | — | 298 | — | 1 | 1,075 |
| Other comprehensive income (loss) | — | — | — | — | 191 | — | 191 |
| Balances at December 31, 2025 | 226,247,286 | $12,006 | 109,356,545 | $(5,515) | $(1,334) | $2 | $5,159 |
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