MasterBeef Group Six-Month Report

MasterBeef Group reported a revenue decrease of 5.6% for the six months ended June 30, 2025, compared to the same period in 2024, amounting to HK$230.6 million. This decline was attributed to reduced customer visits, a trend of Hong Kong residents spending in mainland China, and increased competition, as well as the disposal of certain subsidiaries. The company recorded a net loss of HK$31.9 million for the period, a significant shift from the profit of HK$40.2 million in the prior year, which was boosted by a one-time gain from the disposal of subsidiaries. Operating expenses, including raw materials, staff costs, and utilities, saw fluctuations. Notably, raw materials and consumables used increased by 8.7% due to premium product additions and promotional activities. Staff costs decreased by 13.5% due to workforce reduction and cost-control measures. The company experienced a net cash inflow from financing activities of HK$40.8 million, largely from its IPO, contrasting with a net cash outflow in the previous year. MasterBeef Group maintains sufficient working capital for the next 12 months and has no material capital commitments as of June 30, 2025.