Restaurant Brands International — May 8, 2025 release

As of March 31, 2025, we have funded $143 million out of up to $550 million planned toward the Royal Reset investments. First Quarter 2025 Results The increase in Total Revenues was primarily due to higher Advertising Revenues and Other Services reflecting an increase in the franchisees' advertising fund contribution rate from 4% to 4.5%, effective from 2025 through at least 2026 following the achievement of the 2024 Fuel the Flame franchisee profitability target. This was partially offset by a decrease in Franchise and Property Revenues largely attributable the impact of restaurant acquisitions from franchisees in the prior year and a decrease in system-wide sales. The decrease in Adjusted Operating Income was mainly driven by the decrease in Franchise and Property Revenues. This was partially offset by the non-recurrence of $6 million of Fuel the Flame expenses incurred in the prior year period following the completion of our Fuel the Flame investments. 4 PLK Segment Results Three Months Ended March 31, (in US$ millions, unaudited) 2025 2024 System-wide Sales Growth (2.4) % 10.4  % System-wide Sales $ 1,475 $ 1,517 Comparable Sales (4.0) % 5.7  % Comparable Sales - US (4.0) % 6.2  % Net Restaurant Growth 3.0  % 4.7  % System Restaurant Count at Period End 3,516 3,412 Company Restaurant Sales $ 46 $ 23 Franchise and Property Revenues $ 78 $ 80 Advertising Revenues and Other Services $ 69 $ 75 Total Revenues $ 194 $ 178 Company Restaurant Expenses $ 39 $ 19 Segment F&P Expenses $ 2 $ 1 Advertising Expenses and Oth