Prestige Holdings Limited is planning to expand its regional footprint, with new investments and restaurants in Trinidad and Tobago, Guyana and Panama, even as it navigates ongoing foreign exchange constraints.

The Trinidad-based restaurant group outlined its growth strategy in its 2025 annual report, posted on the Trinidad and Tobago Stock Exchange on April 2.

Chairman Christian Moutett said the company remains focused on expanding with its existing brand partners across the region.

Key to that strategy is its recent acquisition of rights to operate the Pizza Hut brand in Panama, where the company plans to open two restaurants in 2026 under a multi-year development agreement.

The Group is also targeting further growth in Guyana, where its Starbucks operations are performing strongly, with additional locations planned. In Trinidad and Tobago, expansion will continue through new KFC and Pizza Hut outlets, alongside further Starbucks cafés.

Prestige has already begun executing on that strategy, opening a TGI Fridays restaurant in Portmore, Jamaica in February 2026, as well as a Starbucks café at West Mall in Trinidad in December 2025.

However, Moutett warned that ongoing difficulties in accessing foreign exchange remain a concern and could negatively impact business performance going forward, particularly as the company continues to rely on imports across its supply chain.

Financial performance improves

Despite these challenges, Prestige Holdings reported improved financial results for fiscal 2025.

Group revenue rose five per cent to $1.42 billion, up from $1.35 billion in 2024, while profit before tax increased nine per cent to $109.6 million. Diluted earnings per share climbed seven per cent to $1.13.

The company also generated $182 million in net cash from operations and ended the year with $155 million in cash, while borrowings stood at $63 million.

During the year, the Group completed eight major restaurant remodels across its brands and ended with a total of 136 locations in operation.

Agostini takeover advances

The report also confirmed that the proposed takeover by Agostini Limited is nearing completion.

Agostini has secured 96.9 per cent shareholder acceptance of its offer, with the transaction now subject to final regulatory approvals, including from the Trinidad and Tobago Fair Trading Commission.

A special committee of the Board had recommended that shareholders accept the offer following independent legal and financial advice. Moutett, who serves as chairman of both companies, recused himself from those deliberations.

Dividend increase

Prestige Holdings also declared a final dividend of 38 cents per share, bringing total dividends for fiscal 2025 to 56 cents, up from 52 cents in 2024.

The final dividend is expected to be paid on May 12, 2026 to shareholders on record as at April 10.