1957 & Co. (08495) announced its annual performance, with a net loss attributable to shareholders of HK$1.008 million, a year-on-year decrease of 13.48%.
1957 & CO. (08495) announced its annual results for the year ending on December 31, 2025. The group achieved a profit of HK$435 million, a decrease of 7.48% year-on-year. The company's net loss attributable to owners narrowed to HK$1.008 million, a decrease of 13.48% year-on-year. The loss per share was 0.26 HK cents.
In the financial year ended December 31, 2025, Company (08495) announced that the group achieved a profit of 435 million Hong Kong dollars, a decrease of 7.48% compared to the previous year; the attributable loss to the owners of the company was 1.008 million Hong Kong dollars, a decrease of 13.48% compared to the previous year; with a loss per share of 0.26 Hong Kong cents.
The announcement stated that the revenue generated from operating Shanghai-style restaurants decreased from approximately 221 million Hong Kong dollars in the financial year ended December 31, 2024 to approximately 214 million Hong Kong dollars in the financial year ended December 31, 2025, a decrease of approximately 6.5 million Hong Kong dollars or 2.9%. The decrease in revenue was mainly due to a significant drop in sales caused by the closure of the restaurant in Shatin Plaza in April 2025. Despite the two newly opened Shanghai restaurants in Tseung Kwan O and V Walk in Sham Shui Po contributing to revenue for the entire year of 2025, as opposed to only part of the year in 2024, the increase in sales revenue was offset by the negative impact of the closed restaurants, resulting in an overall decrease in sales revenue.
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