Restaurant Brands International Inc. Announces Renewal of Normal Course Issuer Bid

MIAMI, Sept. 12, 2025 /PRNewswire/ - Restaurant Brands International Inc. (TSX: QSR) (NYSE: QSR) ("RBI") announced today that it has filed, and the Toronto Stock Exchange (the "TSX") has accepted, notice of RBI's intention to renew its normal course issuer bid (the "NCIB") for its common shares.  The NCIB is being conducted in furtherance of RBI's board-approved share repurchase authorization that allows RBI to purchase up to U.S.$1,000 million of its common shares through September 30, 2027 (the "Repurchase Authorization"). The Repurchase Authorization replaces RBI's prior two-year authorization to repurchase up to the same U.S.$1,000 million of its common shares until September 30, 2025. While this authorization preserves our capital allocation flexibility, we remain committed to prioritizing debt reduction in the near term.

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