KATRINA GROUP LTD

What KATRINA GROUP LTD does

Katrina Group Ltd is a Singapore-based, publicly-listed (SGX Catalist, ticker 1A0 / KGL) food & beverage and hospitality group founded in 2004 and listed since July 2016. The company owns and operates nine F&B brands — So Pho (Vietnamese), Bali Thai (Indonesian/Thai), Streats (Hong Kong cafe), Daily Chicken, Daily Beer, Lotteria (Korean, under master franchise with Lotte GRS), Rico Rico, Sanchos Taqueria (Mexican) and Tomo Tokyo (Japanese) — distributed across owned outlets in high-foot-traffic Singapore locations and supported by brand-specific direct online ordering websites. Four brands (Bali Thai, Streats, So Pho, Sanchos Taqueria) are Halal-certified. The hospitality arm comprises ST Residences (serviced apartments targeting corporate clients including Rio Tinto, Airbus and Ernst & Young) and ST Signature, a co-living hotel concept with five Singapore locations (Tanjong Pagar, Chinatown, Jalan Besar, Bugis Beach, Bugis Middle) that uses the proprietary Chat-In™ smart self check-in system, signature 'S' shape bed modules, and communal Miele kitchens. The group also operates the Katrina Rewards loyalty programme (5-10% tiered rebate) accessible via mobile app.

The business model combines transaction-based restaurant revenue (own-store casual and mid-range dining across multiple cuisines) with recurring revenue from serviced apartments and co-living hotel stays, plus franchise/royalty economics from the Lotteria master franchise agreement. Go-to-market is direct-to-consumer through physical outlets, brand-owned websites, and the Katrina Rewards app; distribution is exclusively domestic Singapore with no disclosed overseas restaurant operations outside the franchise framework. The company is founder-led (Alan Goh Keng Chian as Founder, Executive Chairman and CEO) with the co-founder transitioning to Senior Advisor in August 2025 and Krystal Goh Shu Yan appointed Executive Director.

FY2025 financials disclosed revenue of S$45.97M (down 16% YoY from S$54.73M), a net loss of S$2.79M, net liabilities of S$6.7M, and current liabilities exceeding current assets by S$18.4M — prompting auditor EY to flag substantial doubt about going concern. The company also faces ongoing Urban Redevelopment Authority litigation against subsidiary ST Hospitality over alleged illegal short-term stays.

Name

KATRINA GROUP LTD

Legal name

Katrina Group Ltd.

Website

https://katrinagroup.com

Company type

Public

Founded year

2004

Operating status

Operating

Headcount range

101–250 employees

Short description

Katrina Group Ltd is a Singapore-listed F&B and hospitality operator running nine restaurant brands (So Pho, Bali Thai, Streats, Lotteria, Daily Chicken, Daily Beer, Tomo Tokyo, Rico Rico, Sanchos Taqueria) plus co-living hotels (ST Signature) and serviced apartments (ST Residences) for retail diners and corporate clients.

Ownership category

akta.pro rank

Product category

Food & Beverage Restaurant Operations and Hospitality

NAICS

Full-Service Restaurants (722511), Limited-Service Restaurants (722513), Hotels (except Casino Hotels) and Motels (72111), Other Traveler Accommodation (72119)

SIC

Retail-Eating & Drinking Places (5810), Hotels & Motels (7011)

akta.pro primary industry

Family-Style Restaurants (THAFACAC)

Keywords

• Multi-cuisine restaurants
• Casual dining chains
• Co-living hotels
• Serviced apartments
• Halal-certified dining

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Food & Beverage Restaurant Operations: Revenue from owned and operated restaurants across multiple dining concepts including Vietnamese (So Pho), Indonesian/Thai (Bali Thai), Hong Kong cafe (Streats), Korean fried chicken (Daily Chicken, Daily Beer), Japanese fusion (Tomo Tokyo), Mexican (Rico Rico, Sanchos Taqueria), and Korean QSR (Lotteria). Four brands are casual dining and four are mid-range dining.
2. Hospitality - ST Residences: Revenue from fully furnished serviced apartments offering short-term and long-term accommodation to professionals and corporations, with contract flexibility and competitive rates.
3. Hospitality - ST Signature Co-Living Hotels: Revenue from co-living hotel concept featuring intelligently designed private and communal spaces. Currently operates 5 co-living hotels in Singapore locations including Tanjong Pagar, Chinatown, Jalan Besar, Bugis Beach, and Bugis Middle.
4. Franchise Operations - Lotteria: Revenue from operating Lotteria burger outlets in Singapore under master franchise agreement with Lotte GRS Co. First outlet opened at Jewel Changi Airport in February 2026.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Katrina Group owns, operates and franchises multi-cuisine dining brands and hospitality properties in Singapore. The F&B segment runs nine restaurant concepts across Vietnamese, Indonesian/Thai, Hong Kong cafe, Korean, Japanese fusion and Mexican cuisines at casual to mid-range price tiers. The hospitality segment provides ST Signature co-living hotels with automated Chat-In™ check-in and ST Residences fully furnished serviced apartments for short- and long-term stays, including corporate housing.

Product overview

Katrina Group Ltd operates a diversified portfolio of F&B brands and hospitality properties in Singapore. The company owns and operates nine distinct restaurant brands (So Pho, Bali Thai, Streats, Daily Chicken, Tomo Tokyo, Rico Rico, Sanchos Taqueria, Daily Beer, Lotteria) serving Vietnamese, Indonesian/Thai, Hong Kong, Korean, Japanese, and Mexican cuisines, as well as two hospitality brands (ST Signature co-living hotels and ST Residences serviced apartments). The company also offers a loyalty program called Katrina Rewards. The group positions itself across casual and mid-range dining segments with strategic locations in high-traffic areas, and operates five co-living hotels in Singapore.

Differentiator

Problem solved

Functional benefit

Brands

• So Pho: Vietnamese cuisine restaurant chain with 7 outlets across Singapore
• Bali Thai
• Streats
• Daily Chicken
• Daily Beer
• Lotteria
• Rico Rico
• Sanchos Taqueria
• Tomo Tokyo
• ST Signature
• ST Residences
• Katrina Rewards

Products and services

• So Pho Vietnamese casual dining restaurant chain offering pho and authentic Vietnamese street food in contemporary settings at reasonable prices; 7 outlets across Singapore including Halal-certified locations.
• Bali Thai Indonesian and Thai cuisine restaurant brand offering popular dishes from Thailand and Bali under one roof; 4 outlets across Singapore, Halal-certified.
• Streats Hong Kong cafe concept (Cha Chan Teng) serving Hong Kong specialities in casual settings, Halal-certified.
• Daily Chicken Korean fried chicken restaurant using authentic Korean ingredients and recipes, family-friendly casual dining; 2 outlets at Bugis Junction and Waterway Point.
• Tomo Tokyo Japanese fusion restaurant with cocktails and contemporary Japanese cuisine located at Clarke Quay waterfront.
• Rico Rico Mexican restaurant offering traditional street food reimagined with innovative twists and signature cocktails.
• Sanchos Taqueria Mexican taqueria offering authentic tacos, enchiladas, churros and Mexican dining experience at Paragon Mall, Halal-certified.
• Daily Beer Korean fried chicken and craft beer restaurant, first international location in Singapore promoting K-wave culture; outlets at Telok Ayer and Chijmes.
• Lotteria Korean quick service restaurant (burger chain) - pioneer of original K-burger experience, operated under master franchise agreement with Lotte GRS Co. across Singapore.
• ST Signature Co-living hotel concept with smart Chat-In™ technology, automated self check-in, communal spaces, smart furniture design with 'S' shape bed modules; 5 locations across Singapore.
• ST Residences Fully furnished serviced apartments for corporate and long-term stays in Singapore at competitive rates; includes ST Residences Balestier and other island-wide locations.
• Katrina Rewards Membership programme allowing members to earn 5-10% rebates on spending at participating Katrina Group restaurants based on tier level (Member vs Gold).

Quantifiable outcome

• Net loss of S$2.8 million and revenue decline of 16% to S$46 million for FY2025, with auditors raising going concern doubts

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Lotte GRS Co.coreOEM/ Whitelabel/ Licensing Partner · 27 August 2025Katrina Group signed a master franchise agreement with South Korean Lotte GRS Co. to operate Lotteria burger outlets in Singapore. Lotteria is the pioneer of the original K-burger experience, operating about 1,300 outlets in South Korea and roughly 330 overseas. The first Singapore outlet opened at Jewel Changi Airport in February 2026.
• Daily Beer KoreacoreOEM/ Whitelabel/ Licensing Partner · 26 December 2023Katrina Group entered a master franchise agreement with Daily Beer Korea to open Daily Beer and Daily Chicken restaurants in Singapore. The first Daily Beer outlet opened in Telok Ayer CBD area in May 2024, with Daily Chicken also launched to capitalize on the K-wave dining trend.
• Joint Venture (Entity Unnamed)minorStrategic or Co-development Partner · 30 October 2023Katrina Group announced entry into a joint venture agreement. Details of the JV partner and specific objectives were disclosed in the October 30, 2023 SGX announcement.

Scale indicators6 records

Recent moves11 records

Expansion highlights4 records

Direct peers

• Koufu Group: SGX-listed F&B operator running food courts, casual dining brands, and coffee shop chains in Singapore. Comparable as a Singapore-listed multi-format F&B operator with high-traffic location strategy and similar scale of operations.
• Soup Restaurant: SGX-listed Singapore restaurant chain operator specializing in heritage Chinese cuisine. Comparable as a Singapore-listed single-brand restaurant operator with similar regional mall-based footprint and Singapore-focused operations.
• JUMBO Group: SGX-listed multi-brand F&B operator in Singapore (JUMBO Seafood, Ng Ah Sio, Zui Teochew Cuisine). Comparable as a Singapore-listed multi-brand restaurant group with both owned brands and franchise operations, though focused more on Chinese seafood cuisine.
• Tung Lok Restaurants: SGX-listed Chinese restaurant chain operator with multiple dining brands and banquet facilities in Singapore. Comparable as a Singapore-listed multi-brand Chinese-focused restaurant group with similar operational footprint and target market.
• Far East Hospitality: Singapore hospitality operator running hotels, serviced residences, and serviced apartments under Villale, Oasia, and Quincy brands. Comparable to ST Signature as a Singapore hospitality operator with mixed hotel and serviced residence formats serving business and leisure travelers.
• RE&S Holdings: SGX-listed Japanese cuisine restaurant operator with multiple restaurant brands in Singapore. Comparable as a Singapore-listed single-cuisine-focused restaurant chain operator with similar scale and operational structure.
• ABR Holdings: SGX-listed multi-brand casual dining operator running Swensen's, Arctic Cafe, and other franchise brands in Singapore and the region. Directly comparable as a Singapore-listed multi-concept restaurant operator with mixed owned and franchised brands.
• BreadTalk Group: SGX-listed bakery and F&B operator running BreadTalk, Toast Box, and Food Republic brands across Asia. Comparable as a Singapore-listed multi-brand F&B group with both food retail and casual dining formats targeting similar mass-market consumers.
• The Ascott Limited (CapitaLand): CapitaLand's serviced residence arm operating Ascott, Citadines, and Somerset brands across Asia. Comparable to ST Residences as a serviced apartment / extended-stay operator serving corporate clients and travelers in Singapore and the region.

Broad incumbents

• Hotel Properties Limited: SGX-listed hotel and resort operator with luxury and mid-tier hotel portfolio across Asia. Comparable as a Singapore-listed hospitality operator though operating at larger scale and focusing on full-service hotels rather than co-living concepts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/katrinagroup
• Instagraminstagram.com/katrinagroup
• LinkedInlinkedin.com/company/katrina-group

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about KATRINA GROUP LTD