Jumbo Seafood will shut its flagship East Coast Seafood Centre outlet on September 30, 2026, when its lease expires, the company announced on May 29, 2026 [1, 2, 3, 4]. The outlet, Jumbo’s first restaurant location established in 1987, has been a major contributor to the group, accounting for about 14% of Jumbo Group's revenue in the financial year ended September 30, 2025 [1, 2, 3, 4].
The East Coast Seafood Centre is owned by the National Parks Board (NParks), which is planning redevelopment for the area as part of longer-term plans for East Coast Park [1, 2, 3, 5, 4]. NParks confirmed on May 30, 2026, that tenants including Jumbo Seafood must vacate by 2026 to make way for these redevelopment plans [5].
The group operates six other outlets in Singapore as well as locations in China, South Korea, Thailand, and Cambodia [1, 2, 5]. Jumbo Group expects the outlet’s closure will likely affect its revenue for the financial year ending September 30, 2027 [1, 2, 3, 5, 4]. However, the company said the closure is not expected to have a material impact on its earnings per share or net tangible assets per share for FY2026 [1, 2, 3, 4].
Jumbo Group plans to offset the revenue impact with contributions from newer outlets in Sentosa and Tai Seng and by optimizing its existing operations [1, 2, 3, 5, 4]. The group reported a 22.3% decline in net profit to S$6.2 million for the half year ended March 31, 2026, despite a 7.9% increase in revenue to S$105.1 million, driven by new outlets and growth in China [1, 2, 3]. The profit drop was attributed in part to operating expense increases including higher employee costs and lease expenses [3].
CEO Ang Kiam Meng noted the company is managing cost pressures amid expanded operations [3]. A recent Facebook post said the group "is actively exploring new locations to sa" as part of its strategy [5].
Jumbo Seafood will vacate its East Coast Seafood Centre location on September 30, 2026, coinciding with the lease expiry and the expected start of redevelopment in the area [1, 2, 3, 4].
