K2 F&B Holdings Ltd. Reports 9% Drop in Revenue to S$26.07 Million, Net Profit Improves for Six Months Ended June 2025

Reuters
Sep 29, 2025
K2 F&B Holdings Ltd. Reports 9% Drop in Revenue to S$26.07 Million, Net Profit Improves for Six Months Ended June 2025

K2 F&B Holdings Ltd. reported its unaudited results for the six months ended 30 June 2025, with total revenue declining to S$26.07 million from S$28.62 million in the same period last year. Revenue from contracts with customers, which includes sales of cooked food, beverage, and tobacco products as well as service income, totaled S$20.93 million, down from S$24.20 million a year earlier. Rental income from leases of premises to tenants increased to S$5.13 million from S$4.42 million in the prior period. The Group posted a net profit of S$0.39 million for the first half of 2025, compared to a loss of S$0.13 million in the prior-year period. Segment results showed profit of S$1.23 million from rental and outlet management and S$1.90 million from food and beverage stalls, offset by an unallocated loss of S$2.74 million. K2 F&B Holdings Ltd. attributed the decline in overall revenue to the closure of underperforming stalls as part of its strategic realignment to address inflationary pressures and rising labour costs. Despite the revenue decrease, net profit improved, which the company stated reflected an emphasis on profitability and efficiency. The Group indicated it remains focused on long-term value creation and sustainable returns for stakeholders. No single customer contributed more than 10% of total revenue, and the company's operations and assets are primarily based in Singapore.

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