Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30

[SINGAPORE] Jumbo Seafood will cease operations at its flagship East Coast Seafood Centre outlet upon the expiry of its lease on Sep 30, the restaurant chain’s parent company said on Friday (May 29).

The outlet accounted for around 14 per cent of Jumbo Group’s revenue in the latest financial year ended September 2025. It was established in 1987 as the first location of the Jumbo Seafood restaurant chain.

The group said the landlord, the National Parks Board, is studying the redevelopment of East Coast Seafood Centre in tandem with longer-term plans for the park.

The outlet closure is not expected to have any material impact on Jumbo Group’s consolidated net tangible assets per share or consolidated earnings per share for the financial year ending Sep 30, 2026, it said.

This is because Jumbo Seafood will vacate the East Coast Seafood Centre premises only upon the lease expiry date, it added.

However, the closure will likely affect the group’s revenue for FY2027.

Jumbo Group said it intends to mitigate the impact “through revenue contributions from its newer outlets, including those at Sentosa and Tai Seng, as well as its other existing operations”.

The company added that it will continue to optimise the performance of its existing outlet network and overall operations.

Shares of Jumbo Group closed Friday unchanged at S$0.28, before the news.