Future Bright Holdings announced an unaudited loss attributable to owners of HK$1.70 million for the six months to 30 June 2026, reversing a HK$8.60 million profit a year earlier. The swing was driven by softer restaurant traffic in Macau and a sharp contraction in catering margins, partly offset by steady property investment income.

Turnover fell 4.5% year-on-year to HK$220.40 million. Macau revenue contracted 10.9% to HK$157.00 million, while Hong Kong sales rose 16.1% to HK$63.40 million. Japanese restaurants were the main drag, with sales down 31.1% to HK$31.00 million, whereas food-court counters increased 6.4% to HK$72.90 million.

Cost pressure cut the group gross operating profit by 29.0% to HK$39.90 million. The gross operating profit margin narrowed to 18.1% from 24.3% a year earlier; within the catering arm it shrank to 12.2% (2025: 20.4%). EBITDA slipped to HK$38.60 million from HK$49.90 million, and gross margin ratio eased to 75.4%.

Segment results highlight the contrasting trends: • Food & catering recorded a HK$4.70 million loss (2025: HK$5.80 million profit). • Food souvenir profit dropped 87.5% to HK$0.70 million. • Property investment delivered a HK$5.60 million profit, quadrupling year-on-year and aided by zero fair-value movements on the group’s prime Macau commercial building, which remained valued at HK$546.00 million.

Quarterly performance deteriorated through the half-year. First-quarter profit of HK$2.90 million was followed by a second-quarter loss of HK$4.60 million as the catering gross operating margin compressed to 9.2% (2Q 2025: 17.8%). Macau operations posted a HK$8.10 million loss for the half despite a 9.0% rise in visitor arrivals to 20.94 million, underscoring muted spending conversion. Hong Kong operations generated a HK$6.40 million profit, up 28.0%.

During the period the group opened six outlets—one Good Fortune Kitchen, two food-court counters, one Pepper Lunch, one Pacific Coffee in Macau and two concepts in Hong Kong—while closing four Hong Kong food-court counters. Management is focusing on cost optimisation, tighter procurement and staffing controls, and targeted promotions to stabilise margins amid a cautious consumer environment.