FIH posts $3.8m net loss in FY2025
Gross profit dropped 22.4% YoY.
Food Innovators Holdings Limited (FIH) reported a $3.8m net loss in FY2025.
Gross profit dropped 22.4% year-on-year (YoY) to $6.0m whilst gross revenue dropped 1.5% YoY to $43.1m.
The decline in revenue was primarily due to the absence of one-off gains recorded in FY2024 from the sale of subleased properties, as well as the lack of revenue contributions from divested assets, Kurimen and Food Innovators Taiwan (FIT).
Excluding all one-off gains and expenses, the group’s adjusted revenue grew by 8.0% YoY in FY2025.
In line with the adjusted revenue growth, adjusted gross profit from the core business rose by 11.0% YoY.
FIH currently operates 28 restaurants under its brand portfolio, comprising 14 in Japan, nine in Singapore, and five in Malaysia.
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