K2 F&B Holdings Reports 18% Decline in Cooked Food Sales, Net Profit Improves Despite Revenue Drop
Reuters
Aug 29
K2 F&B Holdings Reports 18% Decline in Cooked Food Sales, Net Profit Improves Despite Revenue Drop
K2 F&B Holdings Ltd. has announced its unaudited condensed consolidated interim results for the six months ended 30 June 2025. The Group reported a total revenue of S$26.1 million, a decrease from S$28.6 million in the same period of 2024. Despite the decline in revenue, the Group achieved an improved net profit, attributed to a strategic realignment that included divesting assets and closing underperforming stalls to focus on profitability and efficiency. The cost of inventories consumed decreased to S$7.8 million from S$9.4 million, and staff costs were reduced to S$7.4 million from S$9.0 million in the previous year. Property rentals and related expenses saw an increase to S$2.4 million compared to S$2.2 million in 2024. No single customer contributed more than 10% of the Group's total revenue, indicating a broad customer base. The Group remains committed to driving long-term value creation and delivering sustainable returns for its stakeholders, positioning itself for sustainable growth amidst an increasingly challenging operating environment.
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