Easyhold Group Holdings Limited (Easyhold) reported a return to profitability for the financial year ended 31 March 2026, booking net earnings of HK$10.20 million compared with a HK$32.00 million loss a year earlier. Revenue rose 42.20 % to HK$323.66 million, driven by the addition of four net new restaurants and stronger banquet demand. Basic earnings per share reached HK$0.009, versus a loss per share of HK$0.028 in FY25.
Gross profit increased 41.40 % to HK$243.11 million, while gross margin eased slightly to 75.1 % from 75.5 % amid higher food-cost ratios linked to menu upgrades. Staff costs grew 15.50 % to HK$133.60 million, but the expense ratio fell to 41.3 % of revenue (FY25: 50.8 %). Property rentals and related expenses climbed 25.60 % to HK$19.59 million following restaurant expansion. Finance costs nearly halved to HK$1.12 million after lease-liability reductions and full repayment of bank borrowings in FY25.
Despite the earnings rebound, the board recommended no final dividend. The group ended March with HK$17.37 million in cash and bank balances and net current liabilities of HK$18.78 million, reflecting a current ratio of 0.8 times. Excluding current lease liabilities, net current liabilities narrowed to HK$2.60 million. The auditors issued: • an unmodified opinion on the 31 March 2026 consolidated statement of financial position; • a disclaimer of opinion on the FY26 consolidated statement of profit or loss, cash flows and changes in equity, citing insufficient evidence due to missing historical records for certain subsidiaries.
The audit report also flagged a material uncertainty over going concern, noting the group’s negative working-capital position. Management expects shareholder funding support, tightened cost control and potential financing arrangements to address liquidity needs.
Contingent liabilities eased after a HK$9.40 million winding-up petition filed by Jasons Holdings was dismissed by the Hong Kong High Court on 13 February 2026.
Post year-end, Easyhold completed a placing of 230.00 million new shares on 13 April 2026 at HK$0.064 each, raising gross proceeds of HK$14.60 million (net: HK$13.60 million) for general working capital. A 10-to-1 share consolidation became effective on 30 April 2026, leaving 138.00 million consolidated shares in issue.
Easyhold operates 10 Cantonese dining and Cha Chaan Teng restaurants in Hong Kong and Macau following seven openings and three closures during FY26. Management plans further concept-restaurant rollouts and regional expansion while continuing to evaluate strategic partnerships to strengthen competitiveness in Hong Kong and the Greater Bay Area.
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