Midas – Cash‑Cow Status Update (FY 2024‑FY 2025)
### Executive Summary - **Financials**: Midas segment revenue grew 4.2 % YoY (FY 2024 $1.42 B → FY 2025 9 m $1.07 B). Adjusted EBITDA and net income advanced 3.8 % and 5.1 % respectively, with an EBITDA margin of 22.5 % (up 0.5 pp). Same‑store sales growth is 4.1 % in FY 2025. - …
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