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Happy City Holdings Ltd

What Do They Do?

Serves Thai- and Japanese-style all-you-can-eat hotpot, food and drinks to diners at restaurants in Hong Kong.

How Do They Make Money?

Diners pay at the point of sale for food and beverages; the company earns the sale when the food or service is delivered.

FY2025 revenue

Who Are Their Customers?

Diners, including local residents and overseas visitors, eat at its Hong Kong restaurants; it also serves tour groups through travel-agent requests and takes dine-in, takeaway and delivery orders.

Do Revenues Turn Into Profits?

No. It lost $2.4M in FY2025.

Operating income, FY2025
−33% of revenue
▼ Now a loss vs FY2024 ($1.3M, 16%)
Net income, FY2025
−36% of revenue
▼ Now a loss vs FY2024 ($1.3M, 16%)
Free cash flow, FY2025
−32% of revenue
▼ Now a loss vs FY2024 ($493.3K, 6%)

How Are They Changing?

Flat. Revenue was $6.8M in FY2025, about the same as the $6.8M of FY2023.

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