Riyadh – Mubasher: Shatirah House Restaurant Company (Burgerizzr) announced the projected financial impact of adjustments to electricity and water service tariffs.
According to the company, the new rates are scheduled to take effect starting from 1 January 2027.
Preliminary estimates indicate that the adjustment to electricity tariffs will result in an increase of approximately 1% in the company’s annual cost of revenues.
Burgerizzr stated that the changes to water service tariffs are not expected to have a material financial impact.
The company, meanwhile, anticipates that the reflection of these adjustments on its financial results will begin during the first quarter (Q1) of 2027.
In response to the rising costs, Burgerizzr is implementing several initiatives aimed at rationalizing energy consumption and improving production and operational efficiency.
These measures are intended to mitigate the impact of increased utility expenses on the company's financial performance.
