Income doubles for a second straight yr; working revenue surges greater than twentyfold to an unusually excessive ~20% margin
Singapore entity launched in April, first retailer opens in August; ASEAN’s 600-million market in sight, with an IPO below evaluation for the primary half of 2027
SINGAPORE, July 5, 2026 /PRNewswire/ — Reddog, the Korean street-food (“bunsik”) model that has introduced tteokbokki and Korean-style corn canines to Indonesian shoppers, has emerged as a standout high-growth, high-margin mannequin for the globalisation of Ok-food.
The corporate posted group consolidated income of SG$20 million and working revenue of SG$4 million final yr — an working margin of roughly 20%, far above the low single digits typical of restaurant franchising. Income has doubled in every of the previous two years, whereas working revenue has surged greater than twentyfold.
Reddog’s income and working revenue development from 2022 to 2025, displaying a big enhance in each metrics with an working margin reaching 19% in 2025
Remarkably, that development was achieved with zero exterior capital. Reddog Indonesia has by no means raised a single spherical of funding, funding its growth to greater than 130 shops totally from its personal money stream whereas staying persistently worthwhile.
“The previous two years have been about explosive development whereas constructing a rock-solid basis — quadrupling income and lifting working revenue greater than twentyfold,” mentioned Kim Hong-yeol, CEO of Reddog. “This yr we widen the stage to ASEAN.”
In April, Reddog established a worldwide entity in Singapore, and in August it opens its first retailer in a CapitaLand shopping center — a beachhead for growth throughout an ASEAN market of greater than 600 million individuals. Capital markets are already shifting: the corporate is reviewing an IPO within the first half of 2027, with a number of main Indonesian securities corporations mentioned to have made contact.
Reddog is led by founder and CEO Kim Hong-yeol, an F&B operations-systems specialist, and COO Cho I-jun, a turnaround professional targeted on profitability and development.
Contact:
Cho Ijun
ij.cho@reddog.sg (+65 8613 1011)
