ST Group Food 1H FY2026 profit slips 16% to A$0.93m on higher costs; core F&B revenues up 8.2%
Summary:
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Revenue from continuing operations rose 8.2% year on year to A$34.5m, led by growth in Australia and stable New Zealand contributions across F&B retail, franchise and supply chain.
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Net profit attributable to shareholders fell 19.3% to A$1.01m, with group profit after discontinued operations down 15.9% to A$0.93m as staff, rental and other operating expenses outpaced topline growth.
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Gross network expanded to 177 outlets as at 31 December 2025, comprising 45 Group-owned, 2 joint-venture and 130 sub-franchised/sub-licensed stores across key brands such as PappaRich, NeNe Chicken, Gong Cha and new concepts TamJai, Onimusubi and EatAlley.
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Balance sheet remained sound with total assets of A$53.6m, equity of A$20.9m and net asset value of 8.2 A cents per share, while total borrowings eased slightly to A$1.24m and lease liabilities to A$22.2m.
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Operating cash flow stayed strong at A$4.07m, funding capex and franchise rights investments, even as the Group continued share buybacks (treasury shares at 0.3% of issued stock) and paid A$0.28m in dividends in the period.