Tortilla Mexican Grill plc Releases 2025 Annual Report and Sets 2026 AGM for August 25

Europe's Leading Fast-Casual Mexican Brand Reports 2025 Financial Results

Tortilla Mexican Grill plc has officially published its detailed Annual Report and Accounts for the 52-week trading period ending 28 December 2025, offering shareholders comprehensive financial and operational insights for the year. This release follows the company's Annual Results announcement on 27 July 2026 and marks a critical corporate governance milestone. The full report enables investors, analysts, and stakeholders to thoroughly assess the company’s financial status, strategic initiatives, and operational performance beyond summary disclosures.

Established in 2007, Tortilla is Europe’s largest fast-casual Mexican restaurant brand, known for its made-to-order meals served within 90 seconds, premium ingredient sourcing, and highly customisable menus. The group’s growth strategy includes key acquisitions such as Chilango in the UK (2022) and Fresh Burritos in France (2024), alongside strategic franchise partnerships with SSP Group plc, Compass UK & Ireland, and Eathos to broaden geographic and channel presence. The company employs over 1,200 staff and is headquartered in London, trading on the London Stock Exchange under ticker MEX.

Focus on Sustainability and Plant-Based Menu Innovation

Tortilla integrates environmental sustainability into its core operations, using only recycled and recyclable packaging, sourcing 100% renewable electricity, and achieving zero waste to landfill. The menu features 70% plant-based and vegan-friendly options, complemented by higher welfare meat sourced under strict standards. The brand emphasizes fresh, never-frozen ingredients free from artificial additives, reflecting a commitment to quality fast-casual dining.

This sustainability and health-conscious approach aligns Tortilla with growing consumer trends towards eco-friendly food service and plant-based diets. The company’s zero waste and renewable energy initiatives offer measurable environmental impact goals, enhancing its ESG appeal and competitive positioning within the fast-casual sector.

Annual Report Distribution to Shareholders

Printed Annual Report and Accounts copies have been sent to shareholders who opted for hard copy delivery, ensuring accessibility for those preferring physical documents. The primary distribution remains digital via www.tortillagroup.co.uk, providing immediate access to all shareholders and stakeholders. This dual approach balances shareholder preferences with operational efficiency and environmental considerations.

The comprehensive annual report fulfills corporate governance requirements, offering detailed financial statements, audit reports, management analysis, and strategic disclosures. Shareholders can review the company’s financial performance, balance sheet, cash flows, segment results, risk factors, and forward-looking management commentary for informed investment decisions.

2026 Annual General Meeting Scheduled for 25 August

Tortilla’s 2026 AGM will be held at 11:00am on Tuesday 25 August 2026 at CMS Cameron McKenna Nabarro Olswang LLP, Cannon Place, 78 Cannon Street, London EC4N 6AF. The meeting provides shareholders the opportunity to approve financial statements, consider remuneration, elect or reappoint directors, and address other business requiring approval. The timing allows shareholders sufficient notice to review materials, submit votes, and prepare questions.

The Notice of AGM, published with the Annual Report, outlines the agenda, voting procedures, and participation options. It includes details on board candidates, executive pay disclosures, and proxy voting instructions. Shareholders unable to attend can participate via proxy voting to ensure broad engagement.

Growth Through Acquisitions and Strategic Partnerships

Tortilla’s expansion strategy combines organic growth with acquisitions and franchise partnerships. The 2022 acquisition of Chilango strengthened its UK market presence, while the 2024 Fresh Burritos purchase marked entry into continental Europe. These moves establish platforms for growth across Francophone and wider European markets, maintaining brand identities where appropriate.

Strategic franchise partnerships with SSP Group plc, Compass UK & Ireland, and Eathos enable Tortilla to extend reach into travel hubs, corporate catering, and niche foodservice sectors without heavy capital investment. This diversified growth model balances market opportunity with operational risk through shared franchise responsibilities.

Corporate Governance and Leadership Team

Tortilla Mexican Grill plc adheres to robust corporate governance standards for a London Stock Exchange-listed company. Founder and Group CEO Brandon Stephens leads strategic and operational direction since 2007. CFO Richard Haley oversees financial strategy, reporting, investor relations, and capital management. External advisers include Panmure Liberum Limited as Nominated Adviser and Sole Broker, supporting market access and communications.

Annual reporting and shareholder meetings facilitate transparency, accountability, and shareholder engagement. Contact details for investor inquiries are provided for both management and advisers, promoting open communication and institutional investor confidence.

Positioning in the Fast-Casual Dining Market

Tortilla operates within the fast-casual dining segment, offering higher-quality ingredients, customisable menus, and casual service that bridges fast-food and full-service dining. The brand’s promise to serve meals within 90 seconds balances quality with speed, appealing to consumers seeking convenience without sacrificing freshness.

Its inviting restaurant ambiance supports dining occasions beyond quick service, including lunch, dinner, and social events with alcohol options. This positioning differentiates Tortilla from traditional fast-food, encouraging longer visits, higher spend, and repeat patronage.

Investor Access to Reports and Shareholder Resources

Shareholders can immediately access the Annual Report and Accounts online at www.tortillagroup.co.uk, ensuring equal information availability for institutional and retail investors. The AGM Notice provides detailed instructions for voting and participation, accommodating both physical attendance and proxy voting. The central London venue and 11:00am start time facilitate accessibility for UK and European investors.

Strategic Outlook and Shareholder Considerations

Reviewing the 2025 Annual Report allows shareholders to evaluate Tortilla’s strategic progress, financial results, and management’s outlook amid market conditions. The report discloses sector-specific and company-specific risks, including labour cost inflation, supply chain challenges, consumer spending volatility, and complexities of managing a multi-brand, multi-market portfolio.

The company’s acquisitions and European expansion signify a strategic shift from its original UK single-brand focus. Shareholders should consider management’s effectiveness in integrating acquisitions, realising synergies, and maintaining brand standards. Capital allocation, growth balance, and shareholder returns during this phase will be key topics at the upcoming AGM.