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NASDAQ · RETAIL-EATING PLACES · SMALL CAP

Masterbeef Group MB

3 fiscal years on record · HKD · FY2024 reported · SEC filings only
HKD 504.0M
▼ 5.3% YoY
HKD 32.9M
HKD 48.2M
▲ 22.5% YoY
In brief

What this company does

MasterBeef Group is a full-service restaurant group in Hong Kong that specializes in Taiwanese hotpot and Taiwanese barbecue. As of the date of the annual report, it operated 12 restaurant outlets, through its Hong Kong Operating Subsidiaries, under the Master Beef and Anping Grill brands, which together generated approximately 94.1% of revenue for the financial year ended December 31, 2025. As at December 31, 2025, the Operating Subsidiaries had 336 full-time employees. Its central kitchen and warehouse, used for food procurement, processing, preparation, distribution, and storage, are both located in Yuen Long, Hong Kong, with a gross floor area of approximately 19,200 and 9,900 square feet, respectively. MasterBeef Group was incorporated in the Cayman Islands as an exempted company with limited liability on May 5, 2022.

Written from the business description in MASTERBEEF GROUP's annual report to the U.S. Securities and Exchange Commission, filed 15 May 2026. Every sentence was checked against that document before publication.

Growth
HKD 504.0M
Revenue, FY2024 · full 3-year series below
Revenue HKD M Net income HKD M
FY2024 · Revenue 504.0 · Net income 32.9
200M400M202220232024
Compound annual growth
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
7 cents
of every revenue dollar became profit
Operating margin Net margin
FY2024 · Net 6.5%
2%4%6%-2%-4%-6%202220232024
ROE

Not available in our data for this period.

Gross margin—
Operating margin—
Net margin6.5%
Return on assets9.4%
EBITDA—

Cash & shareholders
—
returned in FY2024 · dividends + net buybacks
Free cash flow HKD M
FY2024 · FCF 48.2
40M80M202220232024
Dividends paid—
Net buybacks—
Share of profit—
Consecutive raises—

Total assetsHKD 308.3M
CashHKD 117.3M
Gross debtHKD 62.2M
Net debtHKD -55.2M
Current ratio0.83×

Not available: we don't have the shareholders' equity figure for this period.

The 3-year record
3 fiscal years
Every figure from documents filed with the SEC · HKD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202420232022
Revenue HKD B0.50.50.5
Operating income HKD B···
EBITDA HKD B···
Income tax HKD B0.00.00.0
Net income HKD B0.0−0.00.0
Free cash flow HKD B0.00.00.1
EPS, diluted HKD 2.56−3745.003340.00
Dividend / sh HKD ···
Payout %···
ROE %···

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 10 reconciliationsAUDITED

Reconciled in 3 of 19 fiscal years. 66 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityRetail-Eating Places
Listed onNASDAQ
Incorporated inoutside the United States — SEC code K3
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2022

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