MB revenueFY2025HK$459.10M
- FY YoY
- -8.9%
MB revenue was HK$459.10M for fiscal 2025 (ended Dec 31, 2025), down 8.9% from fiscal 2024. It rose in 1 of the last 3 fiscal years.
Financials · MB
MasterBeef Group (MB) financials
For fiscal 2025 (ended Dec 31, 2025), MasterBeef Group reported HK$459.10M of revenue and -HK$52.53M of net income. Figures are in HKD, the currency of its SEC filings.
- Revenue, FY2025
- HK$459.10M
- Revenue growth, YoY
- -8.9%
- Net income, FY2025
- -HK$52.53M
- Net margin
- -11.4%
- Free cash flow, FY2025
- -HK$14.00M
- EPS, diluted, FY2025
- -HK$3.17
- Cash
- HK$147.72M
- Total debt
- HK$53.84M
FY2022FY2025
FY2022FY2025
FY2022FY2025
MB revenue and earnings growth
MB net incomeFY2025-HK$52.53M
MB net income was -HK$52.53M for fiscal 2025 (ended Dec 31, 2025), compared with HK$32.90M in fiscal 2024.
MB EPSFY2025-HK$3.17
MB diluted EPS was -HK$3.17 for fiscal 2025 (ended Dec 31, 2025), compared with HK$2.56 in fiscal 2024.
MB free cash flowFY2025-HK$14.00M
MB free cash flow was -HK$14.00M for fiscal 2025 (ended Dec 31, 2025), compared with HK$48.17M in fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Revenue | HK$459.10M | HK$503.98M | HK$532.29M | HK$456.69M |
| Selling, general and admin | HK$24.70M | HK$27.06M | HK$27.38M | HK$16.85M |
| Interest expense | HK$9.71M | HK$10.19M | HK$11.45M | HK$7.60M |
| Pre-tax income | -HK$45.55M | HK$35.61M | -HK$29.79M | HK$37.79M |
| Income tax | HK$6.98M | HK$2.71M | HK$7.66M | HK$4.38M |
| Net income | -HK$52.53M | HK$32.90M | -HK$37.45M | HK$33.41M |
| EPS, basic | -HK$3.17 | HK$2.56 | -HK$3745.00 | HK$3340.00 |
| EPS, diluted | -HK$3.17 | HK$2.56 | -HK$3745.00 | HK$3340.00 |
| Diluted shares | 16.6M | 12.8M | 10,000 | 10,000 |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Cash and equivalents | HK$147.72M | HK$117.34M | HK$146.21M | HK$196.30M |
| Receivables | HK$3.40M | HK$3.32M | HK$9.03M | - |
| Inventory | HK$23.46M | HK$20.35M | HK$25.79M | - |
| Current assets | HK$210.32M | HK$176.39M | HK$196.68M | - |
| Total assets | HK$304.03M | HK$308.32M | HK$393.08M | - |
| Current liabilities | HK$135.46M | HK$212.72M | HK$283.64M | - |
| Total debt | HK$53.84M | HK$62.19M | HK$70.20M | - |
| Total liabilities | HK$256.61M | HK$279.77M | HK$397.47M | - |
| Shareholders' equity | HK$47.42M | HK$28.54M | -HK$4.39M | HK$33.20M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | -HK$12.63M | HK$60.17M | HK$83.82M | HK$141.02M |
| Capital expenditures | HK$1.38M | HK$11.99M | HK$44.51M | HK$32.51M |
| Free cash flow | -HK$14.00M | HK$48.17M | HK$39.31M | HK$108.51M |
| Investing cash flow | -HK$1.31M | -HK$12.18M | -HK$44.45M | -HK$32.29M |
| Financing cash flow | HK$44.32M | -HK$76.83M | -HK$81.57M | HK$22.96M |
| Depreciation and amortization | HK$27.63M | HK$34.04M | HK$35.80M | HK$28.24M |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Revenue growth, YoY | -8.9% | -5.3% | 16.6% | - |
| Net margin | -11.4% | 6.5% | -7.0% | 7.3% |
| Free cash flow margin | -3.0% | 9.6% | 7.4% | 23.8% |
| Return on equity | -110.8% | 115.3% | - | 100.6% |
| Return on assets | -17.3% | 10.7% | -9.5% | - |
| Current ratio | 1.55 | 0.83 | 0.69 | - |
| Debt to equity | 1.14 | 2.18 | - | - |
Source: XBRL data MasterBeef Group files with the SEC, latest filing dated May 15, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
MB peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| MB | HK$459.10M | -8.9% | -HK$52.53M | -11.4% | $63.1M |
| MCD | $27.78B | +5.8% | $8.99B | 32.4% | $195.67B |
| SBUX | $38.34B | +4.5% | $1.98B | 5.2% | $120.17B |
| YUM | $8.80B | +9.1% | $3.44B | 39.1% | $43.98B |
| CMG | $12.71B | +7.9% | $1.38B | 10.8% | $43.56B |
| QSR | $9.78B | +5.5% | $1.76B | 18.1% | $35.06B |
| DRI | $13.37B | +8.1% | $1.18B | 8.8% | $25.61B |
| YUMC | $12.71B | +9.9% | $1.00B | 7.9% | $17.11B |
| ARMK | $19.85B | +11.0% | $382.91M | 1.9% | $13.85B |
MB FAQ
8 questionsWhat is MB revenue?
MasterBeef Group (MB) reported HK$459.10M of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 8.9% from the year before.Is MB profitable?
No. MasterBeef Group reported a net loss of HK$52.53M for fiscal 2025 (ended Dec 31, 2025).How much cash and debt does MB have?
MasterBeef Group reported HK$147.72M in cash and cash equivalents and HK$53.84M of debt on its most recent balance sheet in SEC filings.How fast is MB revenue growing?
MasterBeef Group's revenue changed -8.9% in fiscal 2025, to HK$459.10M.What is MB free cash flow?
MasterBeef Group generated -HK$14.00M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of -HK$12.63M less capital expenditures.What is MB earnings per share?
Diluted earnings per share were -HK$3.17 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did MB last report financial results?
The latest statements here come from MasterBeef Group's 20-F filed on May 15, 2026, covering the period ended Dec 31, 2025.Where does this MB financial data come from?
Quantisnow builds these statements from the structured XBRL data MasterBeef Group files with the SEC. It is provided for information only and is not investment advice.