MasterBeef Group
Operates all-you-can-eat Taiwanese hotpot and barbecue restaurants in Hong Kong.
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Operates Hong Kong restaurants under the Master Beef and Anping Grill brands. The portfolio centers on all-you-can-eat Taiwanese hotpot and barbecue formats through Hong Kong operating subsidiaries.
Operates a Hong Kong restaurant portfolio through the Master Beef and Anping Grill brands. Master Beef uses an all-you-can-eat Taiwanese-hotpot format, while Anping Grill uses an all-you-can-eat Taiwanese-barbecue format.
The listed Cayman Islands parent holds the group’s Hong Kong operating subsidiaries, making Hong Kong the business’s operating center. The portfolio has 12 outlets, following the 2024 disposal of the Chubby Bento, Chubby Noodles and Bao Pot operations.
Operations depend on the two retained brands and their Hong Kong restaurant formats. A proposed franchise arrangement for Thai-tea beverages and desserts had not become a definitive agreement as of the May 2026 disclosure.
Company facts
Categories
Key statistics
Year to date −43.2% · Average volume (30d) 1.1M
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Fiscal year | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise |
|---|---|---|---|---|---|---|
| 2017 | — | −$2.43 | — | — | $1.42B | — |
| 2016 | — | −$3.75 | — | — | $1.08B | — |
Financial highlights
| 12 quarters | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | |
|---|---|---|---|---|---|---|---|
| Revenue | $32.8M | $35.1M | $31.1M | $33.0M | $29.6M | $29.1M | |
| Gross profit | $4.0M | $3.2M | $2.3M | $4.4M | $1.9M | $1.2M | |
| Operating income | $943.5K | −$431.3K | −$1.5M | $1.2M | −$2.2M | −$690.4K | |
| Net income | −$2.0M | −$2.8M | $5.1M | — | −$4.1M | −$2.6M | |
| Diluted EPS | −$0.12 | −$0.16 | $0.30 | −$0.05 | −$0.24 | −$0.15 | |
| Gross margin | 12.2% | 9.0% | 7.5% | 13.2% | 6.3% | 4.2% | |
| Operating margin | 2.9% | -1.2% | -4.9% | 3.5% | -7.6% | -2.4% |
Fiscal years (4-quarter sums)FY16 $137.5M · FY17 $181.6M
Revenue by product · FY25
Balance sheet, Dec 31, 2025Cash & short-term investments $18.8M · Total debt $26.9M · Total assets $38.8M · Shareholders' equity $6.0M
Dividends
No dividends on record.
Ownership
Shares outstanding 17.16M · Float 4.69M · 27.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Oi Wai Chau · director, 10 percent owner: | 9.02M | 52.56% | Form 4 | Mar 24, 2026 |
| Tsz Kiu So · director, 10 percent owner: | 3.45M | 20.10% | Form 4 | Apr 13, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
Not reported.