The chief executive of Mr Yum says the company has dramatically slashed costs and is making a monthly profit for the first time, after financial statements showed it had lost $82 million before merging with rival me&u.

Kim Teo, the CEO and co-founder of the food and drink ordering start-up, said operating expenses this year were 30 per cent lower than in 2023, when the two heavily backed start-ups merged in an all-scrip deal.