Green Tea Group reported audited revenue of RMB 4.76 billion for the year ended 31 December 2025, up 24.1% year on year. Profit for the year rose 38.9% to RMB 486.40 million, while adjusted net profit (non-IFRS) grew 41.0% to RMB 508.89 million, lifting the adjusted net margin to 10.7% from 9.4% in 2024.

Revenue mix continued to shift towards off-premise channels. Delivery income jumped 66.5% to RMB 1.20 billion, increasing its contribution to 25.3% of total sales (2024: 18.8%). Restaurant operations generated RMB 3.54 billion, up 14.2% and accounting for 74.3% of revenue.

Cost controls improved despite rapid top-line growth. Raw materials and consumables consumed RMB 1.51 billion, or 31.7% of revenue, down from 33.5% a year earlier due to centralised procurement and tendering. Staff costs expanded 25.6% to RMB 1.24 billion, broadly tracking network expansion and representing 26.1% of sales.

Store count reached 609 across 148 mainland cities and four overseas markets, an increase of 144 net restaurants versus 2024. Newly opened shopping-mall outlets delivered average monthly revenue per square metre 48.4% higher than pre-2025 openings, with an average cash payback period of 12.6 months.

Operating cash flow and IPO proceeds bolstered liquidity. Cash and cash equivalents rose to RMB 1.20 billion (2024: RMB 247.15 million), while net assets more than doubled to RMB 1.75 billion. Capital expenditure totalled RMB 350.90 million, mainly for new restaurant openings.

Earnings per share improved to RMB 0.80 (basic), up 21.2%. The board declared a final dividend of HK$0.52 per share, following a special dividend of HK$0.33 per share paid in August 2025.

Looking ahead, management will concentrate on deepening mainland penetration, optimising the supply chain, advancing digitalisation and extending its footprint in Southeast Asia, funded by the remaining HK$573.7 million of IPO proceeds earmarked for expansion, a central food-processing facility and IT upgrades.