THAC Group (Holdings) Limited (formerly known as Classified Group (Holdings) Limited) announced its second interim results for the twelve months ended 31 December 2025. During the period, revenue reached HK$43.25 million, compared with HK$35.74 million in the prior year. The company recorded a net loss attributable to owners of approximately HK$8.69 million, compared with HK$8.31 million for the previous period.

The group operates under two main segments. The Western casual operation, led by the “Classified” brand and its bakery sub-brand “Rise by Classified,” contributed roughly HK$26.63 million in revenue, reflecting lower turnover compared to the previous year. Meanwhile, the Chinese casual segment, featuring a newly introduced brand “Jasmine Harbour,” generated about HK$16.63 million in revenue following its launch in September 2025.

Management stated that the overall food and beverage environment in Hong Kong continues to face challenges. The group highlighted rising food costs, rental expenses, and labor costs as key pressures. In response, streamlining of underperforming restaurants, development of new dining concepts, and supply chain restructuring are being implemented.

As of 31 December 2025, the group’s current assets were HK$10.18 million, while current liabilities stood at HK$21.83 million. Net assets were HK$0.82 million. Looking ahead, the group plans to optimize operations and explore new concepts to address competitive conditions in Hong Kong’s restaurant market.