Soup Restaurant operator reports loss of S$673,000 in H1 2026

Soup Holdings, the operator of Soup Restaurant, reported a financial loss of S$673,000 in the first half of 2026, down from a profit of S$224,000 the previous year. The group attributed the loss to higher operating costs and the closure of two outlets due to lease expirations and relocations.

Sales from existing outlets increased by S$0.6 million, while the opening of two new outlets added an additional S$1.4 million in revenue. However, these gains were partially offset by the closure of two outlets. The cost of purchases and other consumables rose to 21.1% of revenue, primarily due to higher raw material costs during the seasonal period. Employee benefits expenses also increased by S$0.3 million, mainly due to changes in staffing and other factors.

Other expenses rose by S$0.4 million, partly due to a one-off termination fee to a landlord after Soup Holdings decided not to renew a lease for a proposed outlet. Despite the challenges, the company emphasized its ongoing efforts to optimize business operations and align resources with strategic priorities. The F&B industry in Singapore remains highly competitive, with increasing competition, rising costs, manpower constraints, and changing consumer preferences posing challenges.

Soup Holdings has restructured its leadership team to focus on strategic priorities and improve operational efficiency. The company plans to refresh its brand positioning and refine its concepts to better cater to customer segments and changing preferences. Additionally, the group is working to manage costs, streamline procurement, optimize manpower deployment, improve quality standards, and strengthen customer engagement.

Over the next year, Soup Holdings aims to maintain cost discipline, refresh its brands, and enhance operational efficiency to stabilize performance and increase competitiveness in a challenging market.