MasterBeef Group Income Statement

Financials in millions HKD. Fiscal year is January - December.

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	459.1	503.98	532.29	456.69
Revenue Growth	-8.90%	-5.32%	16.55%	-
Cost of Revenue	335.03	351.63	371.7	306.26
Gross Profit	124.07	152.35	160.59	150.42
Selling, General & Admin	29.52	28.39	29.99	22.1
Amortization of Goodwill & Intangibles	38.97	44.56	48.47	40.33
Other Operating Expenses	48.14	49.99	42.15	28.02
Operating Expenses	155.95	156.98	156.4	118.7
Operating Income	-31.88	-4.64	4.19	31.73
Interest Expense	-9.71	-10.19	-11.45	-7.6
Interest & Investment Income	0.48	0.68	0.52	0.03
Currency Exchange Gain (Loss)	0	-	0.03	0.19
Other Non Operating Income (Expenses)	0.81	0.63	0.47	1.12
EBT Excluding Unusual Items	-40.29	-13.52	-6.24	25.46
Gain (Loss) on Sale of Assets	-	58.68	-	-
Asset Writedown	-5.98	-9.56	-23.55	-
Other Unusual Items	0.72	0.01	-	12.32
Pretax Income	-45.55	35.61	-29.79	37.79
Income Tax Expense	6.98	2.71	7.66	4.38
Net Income	-52.53	32.9	-37.45	33.41
Net Income to Common	-52.53	32.9	-37.45	33.41
Net Income Growth	-	-	-	-
Shares Outstanding (Basic)	17	13	-	-
Shares Outstanding (Diluted)	17	13	-	-
Shares Change	28.88%	-	-	-
EPS (Basic)	-3.17	2.56	-	-
EPS (Diluted)	-3.17	2.56	-	-
EPS Growth	-	-	-	-

Additional Metrics

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Free Cash Flow	-14	48.17	39.31	108.51
Free Cash Flow Per Share	-0.85	3.75	-	-
Gross Margin	27.02%	30.23%	30.17%	32.94%
Operating Margin	-6.94%	-0.92%	0.79%	6.95%
Profit Margin	-11.44%	6.53%	-7.03%	7.32%
Free Cash Flow Margin	-3.05%	9.56%	7.39%	23.76%
EBITDA	-4.25	29.4	39.99	59.97
EBITDA Margin	-0.93%	5.83%	7.51%	13.13%
D&A For EBITDA	27.63	34.04	35.8	28.24
EBIT	-31.88	-4.64	4.19	31.73
EBIT Margin	-6.94%	-0.92%	0.79%	6.95%
Effective Tax Rate	-	7.62%	-	11.59%

SEC Filings: 10-K · 10-Q