Connect with us

Media OutReach

SMU Launches Resilient Workforces Institute to Strengthen Singapore’s Workforce in the Age of AI

Published

on

Partnerships with SkillsFuture Singapore and Equinix anchor research on AI’s impact on jobs, skills and lifelong learning

SINGAPORE – Media OutReach Newswire – 21 January 2026 Singapore Management University (SMU) today announced the launch of the Resilient Workforces Institute (ResWORK), a new university-level research institute advancing workforce resilience and lifelong learning amid accelerating technological change. It is among the first institutes in Singapore and the region to jointly study adult-learning and the future of work through an integrated, interdisciplinary lens spanning economics, management, behavioural science and technology.

Launch of SMU Resilient Workforces Institute [right to left: Professor Alan Chan, SMU Provost, Guest-of-Honour Dr Janil Puthucheary, Senior Minister of State, Ministry of Education & Ministry of Sustainability and the Environment, Mr Tan Kok Yam, Chief Executive, SkillsFuture Singapore, Professor Lily Kong, SMU President, and Professor Archan Misra, Vice Provost (Research); Interim Director of SMU Resilient Workforces Institute]

Dr Janil Puthucheary, Senior Minister of State, Ministry of Education and Ministry of Sustainability and the Environment, graced the launch as Guest-of-Honour. In his remarks, Dr Janil highlighted the importance of partnerships with industry, enabled by research, in overcoming workforce disruptions brought about by artificial intelligence (AI) and digital technologies.

Professor Lily Kong, President, Singapore Management University, said: “The launch of the Resilient Workforces Institute reflects SMU’s commitment to research that matters – research that shapes public policy, informs organisational practice and ultimately strengthens the resilience of Singapore’s workforce. By bringing together insights across disciplines, ResWORK will help Singapore and the region navigate the profound changes reshaping work and learning in the age of AI.”

ResWORK will serve as a focal point for trans-disciplinary research across SMU, organised around three core pillars:

  • Optimising Human-Machine Collaboration: enabling workers to learn and perform effectively alongside AI, machines and robotics
  • Transforming Organisations: redesigning business processes, leadership and work practices for AI-enabled workplaces
  • Maximising Societal Human Capital: analysing labour-market transitions and shaping policies that promote inclusive, gainful employment

Research momentum has already begun ahead of the formal launch, with ResWORK having secured the participation of several globally renowned visiting scholars and over 20 faculty members across SMU’s six schools. ResWORK faculty has recently initiated nine internally seed-funded research projects, as well as multiple externally funded research programs, collectively worth over S$1.5 million in funding.

These early projects reflect the Institute’s emphasis on applied, policy-relevant research developed in collaboration with public agencies and industry partners. (Note: See Annex A for a list of research projects that were awarded seed grants.)

SMU has committed S$5 million over five years to anchor the Institute, with a goal of securing an additional S$8 million in external research funding within three years, enabling ResWORK to scale its partnerships and research programmes over time.

Professor Archan Misra, Vice Provost (Research) and Interim Director of ResWORK, said: “ResWORK is built on the belief that AI-led change will reshape opportunity rather than displace it. Our research agenda is designed to move beyond diagnosis to solutioning—working with government agencies, employers and other partners to generate evidence that informs policy, organisational practice and lifelong learning systems. I’m enthused to see how colleagues across the spectrum of Management, Economics and Computing disciplines have already come together to collectively frame a positive research agenda that formulates AI-led workplace transformations as an economic opportunity, as well as a driver of innovations in adult learning practices. The launch builds on momentum that is already underway and marks the start of SMU’s sustained efforts to help shape a resilient, future-ready workforce.”

Anchoring National Workforce Priorities through Collaboration with SkillsFuture Singapore

At the launch, SMU and SkillsFuture Singapore (SSG) also signed a two-year Memorandum of Understanding (MoU) to mutually identify and drive strategic research on how Artificial Intelligence (AI), digital technologies, and generational changes in work preferences are transforming job tasks, skills demand and career and learning pathways, and translate these insights into policies that sustain employability and inclusive growth.

In addition, it will look into how adult learning systems can be redesigned for higher participation, retention and impact, and how organisations can combine human and machine capabilities to raise productivity while preserving meaningful work.

Mr Tan Kok Yam, Chief Executive of SkillsFuture Singapore said: “Our partnership with SMU on ResWORK is driven by a singular objective: to future-proof the national SkillsFuture system. By future-proofing, we mean that adult learning must adapt to the effects of emerging, rapidly changing technologies to workforce dynamics, so that the training received by learners best equips them for these changes. The system also must acquire a deep understanding of what employers want from their workers, where and how jobs have changed in nature, and what skills and attributes allow workers to best succeed. ResWORK seeks to help build such capabilities for our national adult training system.”

Industry Partnerships Driving Applied Research on AI Disruption and Workforce Resilience

Complementing the national collaboration with SSG, ResWORK will work with industry partners to translate research into practice.

SMU received a contribution of S$450,000 from Equinix to advance applied research under ResWORK. The contribution will support a flagship systemic research project on occupational exposure to AI within Singapore’s labour market.

Led by Professor Li Jia, Dean, School of Economics; Lee Kong Chian Professor of Economics; (courtesy appointment in the Lee Kong Chian School of Business) Econometrics Lead, SMU Urban Institute, the study will develop Singapore’s leading reproducible, transparent and publicly accessible index measuring AI exposure in new job vacancies across occupations, industries and worker segments. By analysing job advertisements and task requirements over time, the research will track how AI-related skills and task demands are evolving, and generate insights to inform workforce planning, reskilling programmes and employment policy.

This collaboration marks the first corporate-funded research initiative under ResWORK and reflects the Institute’s emphasis on data-driven, policy-relevant research with real-world impact.

Said Ms Leong Yee May, Managing Director, Equinix Singapore, “Equinix and SMU have enjoyed a long and collaborative partnership aimed at building a sustainable digital future. By partnering with SMU on its Resilient Workforce initiative, we’re investing in research that will help position Singapore as a regional leader on AI and the future of work, informing the design of targeted policies like reskilling programs.”

###

Annex A: ResWORK Seed-Funded Research Projects

Ahead of its formal launch, the Resilient Workforces Institute (ResWORK) has initiated nine seed-funded research projects, reflecting early momentum and active collaboration across SMU’s schools. These projects are organised around ResWORK’s three core pillars and focus on applied, policy-relevant research in partnership with public and private organisations.

Pillar 1: Optimising Human-Machine Collaboration

Research on technologies and tools (AR/VR, AI) that enable individuals to both learn and execute future tasks in collaboration with AI, machines and robots.

1. Artificial Intelligence in Higher Education: Evaluating AI Outputs and Metacognition of Law Students

Theme: Technologies for Augmenting Adult Learning
Principal Investigator: Gary CHAN Kok Yew, Full-time Faculty, Professor of Law, Yong Pung How School of Law
Why this matters: As AI tools enter education and professional training, this project examines how law students learn to critically evaluate AI outputs and reflect on them as part of their training to be legal professionals in the near future.

About the Project: This project examines how law students assess AI-generated legal reasoning, focusing on metacognitive awareness, reflective judgment, and responsible AI use. Using tort law as a testbed, it studies how learners adopt, revise or reject AI outputs, and identifies best practices for evaluating accuracy, clarity and reasoning quality. The findings will inform ethical AI integration in education and professional training.

Research Impact: Supporting and enhancing law students’ critical evaluation of and reflective judgement on AI outputs

2. Unfolding Motivation in Adult Learning with Generative AI

Theme: Technologies for Augmenting Adult Learning
Principal Investigator: NGO Chong Wah, Full-time Faculty, Lee Kong Chian Professor of Computer Science, Director, Human-Machine Collaborative Systems Cluster, ResWORK Fellow, School of Computing and Information Systems
Co-PI: Gary Pan @ SOA; Clarence Goh @ SOA; Venky Shankararaman @ SCIS; Dragan Gasevic @ Monash University
Why this matters: Mid-career workers are expected to reskill continuously, yet motivation and engagement remain major barriers to lifelong learning.

About the Project: This project investigates how generative AI can personalise adult learning to sustain motivation among mid-career learners balancing work, study and life demands. It develops a GenAI-powered learning system that provides conversational, self-regulated learning support through interaction with large language models. By analysing learning behaviour, dialogue patterns and behavioural signals, the research identifies how AI-driven scaffolding can improve engagement and learning persistence in adult education.

Research Impact: This project aims to uncover motivational processes in adult learning to inform the design of AI learning systems.

3. Building Reflection Competencies for Human-AI Collaboration: A Multi-Agent Training System

Theme: Changing Professional Practices in the Workplace
Principal Investigator: NAH, Fiona Fui-Hoon, Full-time Faculty, Professor of Information Systems, ResWORK Fellow, School of Computing and Information Systems
Collaborators: Jiaqi WU YOUNG, PhD student @ SCIS; Ming WANG, Visiting PG Research student @ SCIS
Why this matters: Organisations often adopt AI faster than workers develop the skills to critically evaluate it, leading to over reliance or under reliance, declining judgment and missed productivity gains.

About the Project: This project addresses the problem of “cognitive debt” in AI-enabled workplaces by developing a multi-agent reflection training system embedded in AI tools. Drawing on motivation and behavioural theories, it designs and tests interventions that encourage users to reflect on, scrutinise and evaluate AI outputs. The research aims to provide scalable training approaches that balance AI adoption with human judgment and oversight.

Research Impact: Overcoming AI users’ cognitive debt through reflection training for a resilient workforce

4. Adaptive Skill Transfer: Reinforcement-Learned Scaffolding for Cognitive Personalisation in Adult Learning

Theme: Adult Learning Transfer
Principal Investigator: Pradeep Reddy VARAKANTHAM, Full-time Faculty, Professor of Computer Science, Director, CARE.AI Lab, Coordinator, BSc (CS) Artificial Intelligence Track, School of Computing and Information Systems
Co-PI: Annabel Chen Shen-Hsing, NTU
Collaborator: Swapna Gottipati @ SCIS, SMU
Why this matters: Reskilling often fails because learning systems ignore the cognitive strengths adults already possess.

About the Project: This research explores how adaptive AI systems can accelerate adult learning by leveraging existing reasoning and problem-solving abilities. Implemented within an adaptive learning platform, the project uses cognitive assessment and reinforcement learning to personalise both content and thinking strategies. By making skill transfer explicit and efficient, the study aims to improve learning speed, retention and reskilling outcomes.

Research Impact: Transforming adult reskilling from simple content delivery into a personalised, AI-driven bridge that leverages existing reasoning strengths to accelerate the mastery of complex skills

5. The Effects of AI-Based Cognitive Offloading on Metacognitive Skills and Learning Transfer in Adult Professional Learners

Theme: Adult Learning Transfer
Principal Investigator: YANG Hwajin, Full-time Faculty, Professor of Psychology, Associate Dean (Research), Lee Kong Chian Fellow, ResWORK Fellow, School of Social Sciences
Co-PI: Sarah Wong @ SOSS; Gary Pan @ SOA; Andree Hartanto @ SOSS
Collaborator: Wong Zi Yang, Research Fellow, SMU
Why this matters: While AI can make work easier, excessive reliance on it may weaken learning, judgment, and long-term skill development.

About the Project: This project examines how using AI tools affects adult learners’
metacognitive awareness (monitoring and regulating one’s learning) and learning transfer (applying knowledge to new situations) in professional development. Using a randomised controlled design, the study compares guided and unguided AI use to determine whether guided AI use enhances these cognitive skills or if unguided use undermines them through excessive cognitive offloading.

Research Impact: The findings will inform the development of AI-enabled training frameworks that promote durable learning, reflective thinking, and transferable skills among working adults.

6. Towards Measurable, Governed Onboarding for Human–AI Teams

Theme: Open Category
Principal Investigator: LEE, Min Hun, Full-time Faculty, Assistant Professor of Computer Science, School of Computing and Information Systems
Why this matters: AI adoption often fails not because of model accuracy, but because of people and workflow – users do not know when to trust, question or correct AI systems.

About the Project: This project transforms AI onboarding into an interactive, measurable learning experience that teaches users how to collaborate effectively with AI. Using a structured “Understand-Control-Improve” framework, it develops tools that promote calibrated trust, explainability, and safe intervention. The research aims to establish robust methods for governed human-AI collaboration in real-world decision-making workflows.

Research Impact: This project develops measurable, governed methods for human-AI collaboration that enable safe and effective AI adoption in real-world decision-making workflows.

PILLAR #2: TRANSFORMING ORGANISATIONS

7. Valuing Flexible Work Arrangements: A Discrete Choice Experiment with Employers and Employees in Singapore

Theme: Changing Professional Practices in the Workplace
Pillar: #2 / #3
Principal Investigator: KIM Seonghoon, Full-time Faculty, Associate Professor of Economics, Deputy Director, Centre for Research on Successful Ageing (ROSA), School of Economics
Co-PI: Cao Wenjia @ SOE, SMU
Collaborator: Kanghyock Koh, Korea University
Why this matters: Flexible work is now a national priority, yet evidence on its true value to employers and employees remains limited.

About the Project: This study quantifies how employers and employees value flexible work arrangements using large-scale discrete choice experiments. By estimating wage-equivalent trade-offs for different forms of flexibility, it provides evidence to inform organisational decisions and policy implementation following Singapore’s Tripartite Guidelines on Flexible Work Arrangement Requests. The research supports more sustainable, inclusive and productive workplace design.

8. Job insecurity and employee motivation

Theme: Changing Professional Practices in the Workplace
Principal Investigator: Nina SIROLA, Full-time Faculty, Assistant Professor of Organisational Behaviour & Human Resources, ResWORK Fellow, Lee Kong Chian School of Business
Why this matters: Rising job insecurity can quietly erode motivation and performance, even in organisations investing heavily in transformation.

About the Project:
This project examines how managers’ beliefs about job-insecure employees influence leadership behaviour and intrinsic motivation. Rather than focusing only on worker stress, it identifies manager-driven mechanisms that can either undermine or sustain motivation. Through experimental and field studies, the research develops low-cost leadership interventions to support employee engagement and well-being during periods of uncertainty.

Research Impact:
This project highlights how managers’ beliefs and leadership behaviours can either undermine or sustain the intrinsic motivation of job-insecure workers, pointing to a low-cost, belief-based lever for resilience.

PILLAR #3: MAXIMISING SOCIETAL HUMAN CAPITAL

9. Measuring the Impact of AI and Large Language Models on Singapore’s Labour Market: Constructing a Task-Level Exposure Index

Theme: Open Category
Principal Investigator: LI Jia, Full-time Faculty, Dean, School of Economics, Lee Kong Chian, Professor of Economics, Econometrics Lead, SMU Urban Institute
(courtesy appointment in the Lee Kong Chian School of Business)
Collaborator: Zhang Dandan, Peking University

Why this matters: Policymakers and employers need clear evidence on which jobs are most exposed to AI, and which are likely to benefit from it.

About the Project: This project develops Singapore’s first task-level AI-LLM Exposure Index by combining job posting data with detailed task information. Using novel econometric methods to address measurement uncertainty, it distinguishes between complementary and substitutive effects of AI on human labour. The resulting indices will inform workforce planning, reskilling strategies and national employment policy.

Research Impact: Measuring AI’s disruptive and enabling effects on Singapore’s labour market

Hashtag: #SMU

The issuer is solely responsible for the content of this announcement.

About SMU

A premier university in Asia, SMU is internationally recognised for its world-class research and distinguished teaching. Established in 2000, SMU’s mission is to generate leading-edge research with global impact and to produce broad-based, creative, and entrepreneurial leaders for the knowledge-based economy. SMU’s education is known for its highly interactive, collaborative, and project-based approach to learning.

Home to over 13,000 students across undergraduate, postgraduate professional and postgraduate research programmes, SMU comprises of eight schools: School of Accountancy, Lee Kong Chian School of Business, School of Economics, School of Computing and Information Systems, Yong Pung How School of Law, School of Social Sciences, College of Integrative Studies, and College of Graduate Research Studies. SMU offers a wide range of bachelors’, masters’, and PhD degree programmes in the disciplinary areas associated with its schools, as well as in multidisciplinary combinations of these areas.

SMU emphasises rigorous, high-impact, multi- and interdisciplinary research that addresses Asian issues of global relevance. SMU faculty members collaborate with leading international researchers and universities around the world, as well as with partners in the business community and public sector. SMU’s city campus is a modern facility located in the heart of downtown Singapore, fostering strategic linkages with business, government, and the wider community.

Advertisement

Media OutReach

Valle Venia presents: LPS feat. Natalia Sarsgard: J’ai dû m’arrêter

Published

on

NEUSTADT AN DER WEINSTRASSE, GERMANY – Newsaktuell – 27 March 2026 – The song by Leo Philipp Schmidt and Valle Venia captures the feeling of losing oneself in a world that is growing ever louder and faster, where restlessness and superficiality cause relationships, friendships, and connections to dissolve and be sacrificed.

J’ai dû m’arrêter LPS feat. Natalia Sarsgard/Leo Philipp Schmidt

With emotional depth, singer Natalia Sarsgard describes the path to finding oneself again, to gathering one’s thoughts, to remaining silent, to withdrawing—in order to reflect in the silence, in the comfort, and in the seclusion, to feel and reconnect with ourselves and others.

Through her multifaceted voice, Natalia Sarsgard’s interpretation of the song conveys how strength and courage can arise from deep vulnerability. Without even realizing it, one is accompanied by the confidence that what was thought to be lost can be found again.

Youtube: https://youtu.be/CINjhTHtmno

J’ai Du M’arreter – LPS, https://open.spotify.com/intl-de/album/6BvbJ0VAAvMwciCD7q7BC8
https://shop.valle-venia.de/products/different-ways
https://www.amazon.de/Different-Ways-feat-Various-Artist/dp/B0CMJVQV2M
https://valle-venia.de/30S/JaiDuMarreter.mp4

www.valle-venia.com
Hashtag: #ValleVenia

The issuer is solely responsible for the content of this announcement.

Continue Reading

Media OutReach

YesAsia Holdings Achieves Record-Breaking Revenue and Net Profit in 2025

Published

on

Final Dividend Increases by 33.3% to HK10 Cents per Share

Dual Engines, Global Reach: B2C-B2B Synergy Drives Market Expansion

Results Highlights

  • Revenue hit a new high of US$501.54 million, representing a strong YoY growth of 45.0%
  • Gross profit rose by 40.9% to US$148.50 million; operating profit increased by 28.2% to US$31.90 million
  • Net profit grew by 21.5% to US$23.14 million
  • The Board has proposed a final dividend of HK10 cents per share, up 33.3% year-on-year
  • Business-to-consumer (B2C) platform YesStyle recorded revenue of US$347.48 million, up 30.8%, accounting for 69.3% of the Group’s total revenue
  • Revenue of business-to-business (B2B) platform AsianBeautyWholesale (ABW) surged by 91.7% to US$148.89 million, accounting for 29.7% of the Group’s total revenue
  • Non-core markets (excluding the US, UK, Canada, Australia) accounted for over 60% of the Group’s total revenue for the first time, with Latin America and the Middle East achieving remarkable growth
  • The Group strengthened its global logistics network to improve economies of scale, opened a second AMR warehouse in Hong Kong and a new warehouse in South Korea, reducing freight costs as a percentage of revenue to 18.7%

HONG KONG SAR – Media OutReach Newswire – 27 March 2026 – YesAsia Holdings Limited (“YesAsia Holdings”, together with its subsidiaries, the “Group”) (02209.HK), a leading e-commerce platform operator recognized for its expertise in curating Asian beauty and lifestyle products, announced today its annual results for the year ended 31 December 2025 (the “Year”).

The Group’s revenue rose by 45.0% to US$501.54 million, boosted by the global K-Beauty momentum and the scaled expansion of its B2B platform, which accounted for nearly 30% of the Group’s revenue. Gross profit increased by 40.9% to US$148.50 million, and gross profit margin remained relatively stable at 29.6%. Operating profit also grew by 28.2% to US$31.90 million. Net profit for the Year climbed 21.5% to US$23.14 million, with a net profit margin of 4.6%. Basic earnings per share was US5.62 cents (2024: US4.74 cents).

As at 31 December 2025, the Group maintained a solid financial position with bank and cash balances amounting to US$15.94 million. In the view of YesAsia Holdings’ solid operating performance, healthy cash reserves and future capital requirements, the Board has proposed a final cash dividend of HK10 cents per share (2024: HK7.5 cents per share).

Market diversification pays off as non-core markets lead global growth

Building on stable revenue from its core markets (the US, UK, Canada, and Australia), the Group accelerated its expansion into mainland Europe, Latin America, the Middle East, and other emerging markets. In 2025, non-core markets accounted for over half of the Group’s total revenue, significantly outpacing core markets in growth and becoming the primary catalyst of its business across the globe. Among these regions, Latin America and the Middle East recorded the strongest upward trend, with growth of 224.4% and 75.5% respectively, while Europe and Associated Countries remained the Group’s largest regional market.

Social media marketing and influencer engagement remain core drivers of YesStyle‘s growth strategy. During 2025, the number of YesStyle influencers increased to over 502,000, representing a year-on-year growth rate of approximately 24.6%. Revenue generated from influencer referrals reached approximately US$104.8 million, up approximately 43.0% year‑on‑year, and accounted for approximately 30% of YesStyle‘s total revenue, highlighting the continued strengthening of the YesStyle influencer ecosystem.

Meanwhile,YesStyle bolstered its localization efforts to capture opportunities in non-English-speaking markets. In July 2025, it launched a Polish-language website, expanding its language offerings to nine. Combined with social-media-driven marketing, regional campaigns via a robust network of influencers, and AI-powered solutions, the Group extended K-Beauty’s reach to a broader audience worldwide. This momentum is further amplified by the opening of Yesful Land in Seoul, South Korea, a physical hub where influencers and the K-Beauty community can converge and create authentic content, bridging digital engagement with real-world experience.

B2C-B2B synergy fuels performance with ABW business scaling rapidly

YesAsia Holdings is an authorized distributor for over 475 K-Beauty brands, serving both B2C and B2B channels. The dual-growth-engine strategy continued to bear fruit in 2025, fortifying the Group’s overall market influence and ongoing advancement.

Notably, ABW maintained its vigorous growth trajectory in 2025, with the newly launched ABW Offline business generating almost US$50 million in revenue in its debut year, underscoring the strong international retail demand for K-Beauty products. During the Year, ABW established distribution networks for 56 leading retailers across 26 markets, spanning North America, Europe, Latin America, the Middle East and Asia. Prominent partners include Target, Costco, Primark, Douglas, Sally Beauty, Watsons, and Nykaa. These collaborations have enabled the Group and its K-Beauty brand partners to reach millions of consumers through established offline retail networks, effectively tapping into a market segment that remains significantly larger than its online counterpart.

Mr. Joshua Lau, Founder, Executive Director and Chief Executive Officer, said: “Looking ahead, we are confident that K-Beauty’s global development impetus will only gather steam as it has transitioned from a niche category into a mainstream retail staple. To capture the opportunities that arise, we will deepen engagement in non-core markets through targeted and localized digital initiatives. At the same time, we are accelerating our B2B business by connecting K-Beauty brands with international retailers, and leveraging our logistics network and AI-driven capabilities. With dual growth engines in B2C and B2B, advanced technology, and a dedicated team, YesAsia Holdings is well-positioned to soar to new heights and deliver long-term value to shareholders and stakeholders.”

Hashtag: #YesAsiaHoldings

The issuer is solely responsible for the content of this announcement.

About YesAsia Holdings Limited (02209.HK)

Established in 1997, YesAsia Holdings is a leading e-commerce platform operator recognized for its expertise in identifying and procuring quality Asian beauty, fashion, lifestyle and entertainment products. Headquartered in Hong Kong, the Group deliver products promptly and efficiently to a global audience through its strong ties with over 400 leading Asian beauty brand and supplier partners. The Group operates three major platforms: YesStyle, an e-commerce B2C platform for serving the increasingly popular Asian beauty, fashion and lifestyle products, particularly Korean beauty products; AsianBeautyWholesale, a B2B platform for Asian beauty products; and YesAsia, an e-commerce retail platform for entertainment products. YesAsia Holdings is a constituent of the MSCI Hong Kong Micro Cap Index.

For more information, please visit the Group’s official website:

Continue Reading

Media OutReach

Best Mart 360 Announces 2025 Annual Results

Published

on

Recorded Continuous Growth in Revenue, Proposed a final dividend of HK9.0 cents per share

Highlights:

  • Revenue increased by 2.2% to approximately HK$2,867.7 million.
  • Gross profit increased by 0.7% to approximately HK$1,035.1 million.
  • Profit attributable to owners of the Company recorded approximately HK$219.7 million.
  • As at 31 December 2025, the Group operated a total of 183 chain retail stores (2024: 176), including 178 retail stores in Hong Kong and 5 retail stores in Macau.
  • Basic earnings per share was approximately HK22.0 cents. The Board recommended the payment of final dividend of HK9.0 cents per share.

Financial Highlights:

HK$’000

Year ended

31 Dec 2025

Year ended

31 Dec 2024

(Restated)

Change
Revenue 2,867,695 2,805,146 +2.2%
Gross profit 1,035,074 1,027,997 +0.7%
Gross profit margin 36.1% 36.6% -0.5 p.p.
Profit attributable to owners of

the Company

219,730

245,901

-10.6%

HONG KONG SAR – Media OutReach Newswire – 27 March 2026 – Best Mart 360 Holdings Limited (“Best Mart 360” or the “Company”, together with its subsidiaries, the “Group”; stock code: 2360.HK), a leisure food retailer in Hong Kong, announced its results for the year ended 31 December 2025. During the year, the revenue recorded by the Group amounted to approximately HK$2,867,695,000 (2024: HK$2,805,146,000), representing an increase of approximately 2.2%.

During the Financial Year under Review, gross profit was approximately HK$1,035,074,000 (2024: HK$1,027,997,000), representing an increase of 0.7%. The Group’s gross profit margin for the year was approximately 36.1%, compared to approximately 36.6% in 2024. This contraction in margin was primarily attributable to the strategic implementation of enhanced promotional campaigns designed to navigate the ongoing trend of consumption downgrading and intensified market competition.

Profit attributable to owners of the Company for the year was approximately HK$219,730,000 (2024 (Restated): approximately HK$245,901,000), primarily due to a slight reduction in average revenue per store and a contraction in gross profit margin, which collectively impacted overall profitability. The net profit margin (before interest and tax) moderated to approximately 9.8%, down from approximately 11.2% for the year ended 31 December 2024 (Restated).

For the Financial Year under Review, basic earnings per share was approximately HK22.0 cents. The Board recommended the payment of final dividend of HK9.0 cents per share.

BUSINESS REVIEW
Strategy Adjustment & Opened 10New Retail Stores
As at 31 December 2025, the Group operated a total of 183 chain retail stores, including 178 chain retail stores (31 December 2024: 170 stores) in Hong Kong and 5 chain retail stores (31 December 2024: 6 stores) in Macau respectively. During the Financial Year under Review, the Group opened 10 new retail stores and closed 3 stores upon expiration of their respective lease terms in alignment with the Group’s strategy adjustment.

The ratio of rental expense (cash basis) to sales revenue of retail stores for the year ended 31 December 2025 was approximately 9.6%, which was similar to that of approximately 9.6% for the year ended 31 December 2024.

Introduced Popular Brands & Launched on Grocery Delivery Platform
Hong Kong residents’ growing propensity to spend in Mainland China, coupled with inbound visitors’ preference for in-depth experiences, more rational and prudent consumption patterns, as well as the intensified competition in the local market from Mainland China e-commerce players leveraging economies of scale, the Hong Kong retail market is undergoing a structural long-term transformation, with the industry’s competitive landscape and consumption behaviour being reshaped.

In response to the challenging business environment, the Group adopted a series of timely and targeted measures to navigate these difficulties. These included optimizing product mix and strengthening the offering of basic foodstuffs covering cereals, noodles, canned food, milk, chilled and frozen food, daily necessities as well as basic groceries. The Group also introduced popular Mainland brands as well as imported a wide range of specialty food from around the world to meet the needs and expectations of local consumers and visiting tourists. To further strengthen its business, the Group launched on the Foodpanda grocery delivery platform during 2025 to expand its online sales channels, and rolled out a variety of promotional initiatives including shopping vouchers. These initiatives collectively contributed to the Group’s sales growth during the Financial Year under Review.

The Group procured quality products from overseas suppliers as well as brand owners or importers in Hong Kong. For the year ended 31 December 2025, the Group offered a total of approximately 3,425 stock keeping units (“SKU”) of products (for the year ended 31 December 2024: approximately 3,653 SKU) from suppliers principally from (but not limited to) Japan, Mainland China, Europe, Vietnam, Korea, the United States and other Asia-Pacific countries.

The Group sourced the most popular and trendy food products from various regions, striving to provide customers with diverse, multi-brand, and multi-category global product choices.

As at 31 December 2025, the total amount of inventories of the Group amounted to approximately HK$316,841,000 (31 December 2024: approximately HK$339,513,000), representing a decrease of approximately 6.7% year-on-year. The decrease in the Group’s total inventories was mainly attributable to optimised inventory management and the timing shift of the Lunar New Year holiday from January to February.

During the Financial Year under Review, the Group continued to actively develop private label products that on one hand allowed the Group to capture pricing advantages and exercise a higher level of quality control over its products and on the other hand further uplift its brand awareness and strengthen customers’ loyalty. For the Financial Year under Review, sales derived from private label products were approximately HK$520,821,000 (for the year ended 31 December 2024: approximately HK$477,222,000), accounted for approximately 18.2% of the Group’s revenue for the Financial Year under Review (for the year ended 31 December 2024: approximately 17.0%).

Expanded Customer Base & Enhanced Loyalty
To further deepen customer stickiness and broaden customers coverage, the Group used big data analysis and reformulated its marketing strategy to launch a new three-tier membership scheme and a second-generation mobile app in mid-June 2020. The new membership scheme helps to elevate brand positioning and market recognition, and the membership rewards have been fully optimised and enhanced, with more member benefits such as stamp reward for multiple-item purchase, special offers for selected products and access to the latest market information. During the Financial Year under Review, the number of the Group’s members increased from approximately 2,280,418 as at 31 December 2024 to approximately 2,395,862 as at 31 December 2025, representing an increase of approximately 5.1%.

The Group launched various marketing and promotional activities during the Financial Year under Review including the “Best Price” promotional campaign, which provided customers with a series of special offers for selected quality products from time to time to enhance customer loyalty. Meanwhile, the Group continued to advertise through television, newspapers, social media platforms and other media, which successfully attracted new customers encouraged repeat purchases and significantly enhanced market awareness of the Group.

PROSPECTS
Looking ahead, uncertainties in Sino-US relations, geopolitical risks and other factors will introduce further variables to economic recovery, and economic growth in Hong Kong and globally is expected to remain under pressure. The Board anticipates that the retail sector in Hong Kong will remain challenging in the near term. Nevertheless, the Group will continue to operate in a cautiously optimistic manner, closely monitor the development of various adverse factors that may impact the Group’s performance, and timely implement necessary and appropriate measures through refined operations and management to adapt to the ever-changing market environment.

The Group will continue to prioritize the Hong Kong market as its core focus, optimize its product mix and enhance the development of its private label products, with a wider range of staple foods and necessities to better meet consumer demand and enhance the Group’s competitiveness in the retail market.

To maintain sound operational efficiency, the Group will timely review the regional distribution of its brand stores, implement a moderate expansion policy and flexible leasing strategies, and actively pursue suitable opportunities to expand the retail network for its core retail brand “Best Mart 360º” and global gourmet brand “FoodVille” in Hong Kong and Macau, targeting a net increase of 10 retail stores annually under its dual-brand model, catering to the diverse needs of different customer segments for quality food products.

Mr. Hui Chi Kwan, Chief Executive Officer of the Group, said, “Faced with an increasingly complex operating environment, the Group will maintain a prudent and pragmatic approach in its operations and continue to work closely with its employees, customers and other stakeholders, striving to improve business performance and deliver stable returns to shareholders.”

Hashtag: #BestMart360 #優品360 #AnnualResults #業績 #全年業績

The issuer is solely responsible for the content of this announcement.

Best Mart 360 Holdings Limited

Best Mart 360 Holdings Limited operates chain retail stores under the brand “Best Mart 360˚”, offering wide selection of imported and pre-packaged leisure foods and other grocery products principally from overseas. It is the Group’s business objective to offer “Best Quality” and “Best Price” products to customers through continuous efforts on global procurement with a mission to provide comfortable shopping environment and pleasurable shopping experience to customers. As at 31 December 2025, the Group operated a total of 183 chain retail stores, spanning all of the 18 districts in Hong Kong and strategic locations with heavy pedestrian flow in Macau. Among the chain retail stores, the global gourmet brand “FoodVille” launched in September 2021 is also included, targeting the medium-to-high-end-market.

Continue Reading

Trending