MINISO Group Holding Limited ADR (MNSO) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$2.12	$1.76	-17.0%	—	—	—
Q3 26	$2.04	$1.8	-11.8%	—	—	—
Q2 26	$2.59	$2.8	+8.1%	—	—	—
Q1 26	$2.36	$2.48	+5.1%	—	—	—
Q4 25	$1.75	$2.24	+28.0%	—	—	—
Q3 25	$2.04	$1.88	-7.8%	—	—	—
Q2 25	$2.61	$2.56	-1.9%	—	—	—
Q1 25	$2.21	$2.2	-0.5%	—	—	—
Q4 24	$2.06	$2	-2.9%	—	—	—
Q3 24	$1.87	$1.96	+4.8%	—	—	—
Q2 24	$1.96	$2.12	+8.2%	—	$3.8B	—
Q1 24	$1.86	$2.04	+9.7%	—	$3.8B	—
Q4 23	$1.62	$1.8	+11.1%	—	$3.3B	—
Q3 23	$1.24	$1.52	+22.6%	—	$3B	—
Q2 23	$0.88	$1.16	+31.8%	—	$2.5B	—
Q1 23	$0.9	$1.36	+51.1%	—	$2.8B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$3.92	—	—	$21.4B	—
FY24	—	$8.44	—	—	$17B	—
FY23	—	$5.68	—	—	$11.5B	—
FY22	—	$2.12	—	—	$10.1B	—
FY21	—	-$4.62

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$9.4B	$9B	$9.1B	$10.1B	$11.5B	$17B	$21.4B
YoY change	—	-4.43%	+1.03%	+11.2%	+13.8%	+48.1%	+26.2%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	9.4B	9B	9.1B	10.1B	11.5B	17B	21.4B
Cost of revenue	6.9B	6.2B	6.6B	7B	7B	9.4B	11.8B
Gross profit	2.5B	2.7B	2.4B	3.1B	4.4B	7.6B	9.6B
Gross margin	26.7%	30.4%	26.8%	30.4%	38.7%	44.9%	45%
Research & development	—	—	—	—	—	—	4.4M
Selling, general & administrative	1.4B	2B	2B	2.3B	2.3B	4.5B	6.5B
Operating expenses	1.4B	1.9B	2B	2.2B	2.3B	4.4B	6.5B
Operating income	1B	765.8M	455.6M	820M	2.1B	3.2B	3.2B
Operating margin	10.9%	8.53%	5.02%	8.13%	18.4%	19%	14.7%
Non-operating income, net	-721.8M	-679.2M	-1.7B	53.9M	110.7M	101.1M	-915.2M
Pretax income	289M	80.8M	-1.2B	906.8M	2.3B	3.3B	1.9B
Income tax	279.6M	210.9M	213.3M	267.1M	551.8M	712.1M	703.5M
Net income	-294.4M	-260.2M	-1.4B	639.7M	1.8B	2.6B	1.2B
Net margin	-3.13%	-2.9%	-15.8%	6.34%	15.5%	15.5%	5.64%
EBITDA	519.7M	381.1M	-873.2M	1.3B	2.4B	4.2B	3.4B
EPS	-0.91	-1.04	-4.62	2.12	5.68	8.44	3.92
Diluted EPS	-0.91	-1.04	-4.62	2.08	5.64	8.4	3.92

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	3B	3.3B	3.7B	563.2M	636.4M	4.7B	4.4B	5B	5.8B	6.3B	5.7B	5.8B
Cost of revenue	1.8B	2B	2.1B	315.7M	350.8M	2.5B	2.5B	2.8B	3.2B	3.4B	3.2B	3.2B
Gross profit	1.2B	1.3B	1.6B	247.5M	285.7M	2.2B	2B	2.2B	2.6B	2.9B	2.5B	2.6B
Gross margin	39.3%	39.8%	43.4%	43.9%	44.9%	47%	44.2%	44.3%	44.7%	46.4%	43.3%	45.3%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	594.2M	643.4M	887.4M	147M	173.5M	1.3B	1.3B	1.4B	1.8B	2B	1.8B	1.9B
Operating expenses	593.4M	640.6M	883.7M	145M	172.7M	1.3B	1.3B	1.4B	1.8B	2B	1.8B	1.9B
Operating income	572.6M	655.5M	732.1M	102.6M	113M	956.2M	689M	780.4M	812.3M	878.6M	699.6M	750.1M
Operating margin	19.4%	20.2%	19.7%	18.2%	17.7%	20.3%	15.6%	15.7%	14%	14%	12.3%	12.9%
Non-operating income, net	3.3M	34.5M	11.3M	2.3M	7.3M	15.9M	-72.2M	-74.5M	-37.6M	-736M	827.8M	-768.5M
Pretax income	601M	727.2M	768.4M	106.2M	121.4M	956M	567.7M	626.5M	670.1M	49M	1.4B	-126.3M
Income tax	130.1M	180.2M	182.4M	23.6M	30.1M	146.3M	151.2M	137M	226.9M	188.4M	175.2M	165.2M
Net income	470.9M	547M	586M	82.5M	91.2M	809.7M	416.5M	489.5M	443.2M	-139.4M	1.2B	-291.5M
Net margin	15.9%	16.8%	15.7%	14.7%	14.3%	17.2%	9.41%	9.86%	7.65%	-2.23%	21.9%	-5.02%
EBITDA	609.6M	740.3M	787.9M	105.1M	121.9M	905.3M	653.6M	655.8M	795M	-9.7M	1.6B	30.3M
EPS	1.48	1.72	1.88	—	2.08	2.6	1.36	—	1.44	-0.48	4.12	-0.96
Diluted EPS	1.48	1.72	1.88	—	2.08	2.6	1.36	—	1.44	-0.48	4.12	-0.96

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	—	—	17.2B	38.4B	—	5.8B	5.8B
Enterprise value	—	—	—	—	12B	32B	—	9.6B	9.6B
Shares outstanding	—	2.2B	1.6B	2.2B	2.2B	2.3B	310.1M	307.4M	307.4M

Valuation

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	—	26.8	21.5	—	4.76	4.76
P/S	—	—	—	—	1.7	3.34	—	0.27	0.27
P/B	—	—	—	—	2.44	4.3	—	0.54	0.54
EV/EBITDA	—	—	—	—	9.48	13.5	—	2.78	2.78
EV/Sales	—	—	—	—	1.19	2.79	—	0.45	0.45
Earnings yield	—	—	—	—	3.73%	4.64%	—	21%	21%
FCF yield	—	—	—	—	1%	3.89%	—	27.4%	27.4%

Profitability

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	—	26.7%	30.4%	26.8%	30.4%	38.7%	44.9%	45%	45%
Operating margin	—	10.9%	8.53%	5.02%	8.13%	18.4%	19%	14.7%	14.7%
Net margin	—	-3.13%	-2.9%	-15.8%	6.34%	15.5%	15.5%	5.64%	5.64%
ROE	—	258.3%	80.5%	-21.5%	9.1%	20%	25.4%	11.3%	11.3%
ROA	—	-5.63%	-4.46%	-13.4%	5.67%	13.3%	14.5%	4.23%	4.23%
ROIC	—	-2.22%	0%	75.6%	30.6%	63.6%	37.5%	13.7%	13.7%
Return on tangible assets	—	-5.74%	-4.57%	-13.6%	8.36%	13.3%	17.8%	4.88%	4.88%

Financial health

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	—	1.39	1.51	2.64	2.13	2.55	2.04	1.66	1.66
Quick ratio	—	0.99	1.08	2.21	1.82	2.18	1.55	1.23	1.23
Debt / equity	—	-4.43	-3.16	0.12	0.09	0.1	0.3	1.01	1.01
Debt / assets	—	0.1	0.17	0.08	0.06	0.07	0.17	0.38	0.38
Net debt / EBITDA	—	-2.69	-4.81	6.93	-4.05	-2.69	-0.85	1.1	1.1
Interest coverage	—	12.5	3.58	-41.9	28.2	68.4	37	5.44	5.44
Effective tax rate	—	96.7%	100%	0%	29.5%	23.6%	21.3%	36.8%	36.8%

Per share

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	—	4.3	5.63	4.08	4.62	5.08	54.8	69.8	69.8
EPS (basic)	—	-0.91	-1.04	-4.62	2.12	5.68	8.44	3.92	3.92
EPS (diluted)	—	-0.91	-1.04	-4.62	2.08	5.64	8.4	3.92	3.92
Book value per share	—	-0.05	-0.2	2.99	3.22	3.95	33.4	34.9	34.9
FCF per share	—	0.42	0.48	0.33	0.08	0.66	4.53	5.14	5.14
Cash per share	—	0.87	1.79	3.09	2.65	3.22	21.6	22.9	22.9
Capex per share	—	0.05	0.04	0.08	0.13	0.07	2.42	—	—

Capital allocation

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	1.24%	0.63%	1.94%	2.87%	1.47%	4.41%	—	—
Capex / operating cash flow	—	10.2%	4.89%	21.2%	19.4%	7.7%	29.5%	—	—
Payout ratio	—	0%	-127%	0%	47.9%	20.8%	47.2%	112.2%	112.2%
Dividend yield	—	—	—	—	1.79%	0.97%	—	23.6%	23.6%

Yield

—

trailing twelve months

Frequency

Annual

Last dividend

$0.376

ex-dividend Apr 20, 2026

Payout ratio

112%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Apr 20, 2026	$0.376
Apr 8, 2025	$0.3268
Sep 13, 2024	$0.2744
Mar 27, 2024	$0.29
Sep 6, 2023	$0.412
Aug 30, 2022	$0.172
Aug 30, 2021	$0.156

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	228.1M	1.9B	2.9B	6.9B	5.8B	7.3B	6.7B	7B
Receivables	—	317.3M	286.7M	315M	290.7M	1.2B	674.9M	1.2B
Inventory	1.1B	1.3B	1.4B	1.5B	1.2B	1.5B	2.8B	3.7B
Total current assets	3.1B	4.5B	5B	9.2B	8.1B	9.9B	11.7B	14.1B
Property, plant & equipment	515.3M	576.7M	590.9M	899.7M	968.8M	4.1B	3.7B	20.7B
Goodwill & intangibles	63M	99.8M	138.2M	161.3M	3.6B	92.7M	3.3B	3.8B
Total assets	3.6B	5.2B	5.8B	10.7B	11.3B	13.4B	18.1B	28.6B
Accounts payable	2.3B	591.3M	483.3M	624.7M	649.4M	3B	1.3B	1.6B
Short-term debt	136.3M	189.5M	625.3M	334.9M	258.4M	328.9M	1.2B	2.7B
Total current liabilities	2.7B	3.2B	3.3B	3.5B	3.8B	3.9B	5.7B	8.5B
Long-term debt	345.6M	315.1M	394.1M	490.1M	399.6M	564M	1.9B	8.1B
Total liabilities	3.1B	5.3B	6.2B	4.1B	4.3B	4.5B	7.8B	17.9B
Shareholders' equity	564.6M	-114M	-323M	6.7B	7B	8.9B	10.4B	10.7B
Total debt	481.9M	504.6M	1B	825M	658M	892.9M	3.1B	10.8B
Net debt	253.8M	-1B	-1.8B	-5.9B	-4.7B	-5.6B	-3.2B	4B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	7.1B	7.3B	7.3B	958.5M	797.2M	6.7B	7.3B	7.5B	7.8B	7B	7B	7.4B
Receivables	1B	1.2B	1.4B	68.2M	247.6M	674.9M	2.4B	756.4M	2.7B	1.2B	3.3B	1.1B
Inventory	1.4B	1.5B	1.9B	272.2M	323.3M	2.8B	2.8B	2.8B	3.3B	3.7B	3.6B	3.5B
Total current assets	9.5B	9.9B	10.6B	1.5B	1.5B	11.7B	12.5B	12.7B	13.8B	14.1B	14B	14.4B
Property, plant & equipment	2.8B	4.1B	3.8B	398.2M	720.6M	3.7B	5.9B	6.3B	6.9B	20.7B	7.7B	8.5B
Goodwill & intangibles	99.8M	92.7M	73.1M	473.2M	9.1M	3.3B	59.9M	107.2M	648M	3.8B	629.1M	873M
Total assets	12.6B	13.4B	14.9B	2.2B	2.3B	18.1B	26.2B	26.6B	28.7B	28.6B	29.7B	30.3B
Accounts payable	3B	3B	3.2B	105.3M	517.1M	1.3B	3.6B	967.5M	4.3B	1.6B	4B	1.2B
Short-term debt	273.3M	328.9M	440.6M	63.7M	68M	1.2B	1.4B	2.6B	3.1B	2.7B	3.1B	3.5B
Total current liabilities	3.8B	3.9B	4.8B	612.8M	680.9M	5.7B	6.3B	6.6B	8.3B	8.5B	9.1B	9.2B
Long-term debt	406.2M	564M	866.2M	207.7M	227.2M	1.9B	7.8B	7.8B	7.9B	8.1B	8.4B	9.8B
Total liabilities	4.3B	4.5B	5.8B	835.8M	924.5M	7.8B	15.5B	15.7B	17.8B	17.9B	18.7B	19.9B
Shareholders' equity	8.3B	8.9B	9.1B	1.4B	1.3B	10.4B	10.7B	10.9B	10.8B	10.7B	11.1B	10.4B
Total debt	679.5M	892.9M	1.3B	271.4M	295.2M	3.1B	9.2B	10.4B	11B	10.8B	11.5B	13.2B
Net debt	-5.7B	-5.6B	-5.4B	-598.6M	53.7M	-3.2B	2.4B	3.2B	7.9B	4B	6.3B	6.2B

Period	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	9.4M	-130.1M	-1.4B	639.7M	1.8B	2.6B	1.2B
Depreciation & amortization	191.8M	268.7M	265M	389.9M	425.1M	853.9M	1.3B
Stock-based compensation	122.1M	364.4M	281.3M	82.8M	62.9M	85.2M	367.9M
Change in working capital	-196.4M	-234.1M	-109.5M	170.2M	-485.8M	-1.7B	-789.9M
Operating cash flow	1.1B	1.2B	831.2M	1.5B	2.2B	2.5B	2.6B
Capital expenditure	-116.1M	-57M	-176M	-289.8M	-168.9M	-750.1M	—
Investing cash flow	-194.6M	444.3M	-559.2M	-1.2B	-438.6M	-645.7M	-6.2B
Dividends paid	0	-330.3M	0	-306.3M	-370.8M	-1.2B	-1.4B
Share repurchases	—	0	0	-85.5M	-36.4M	-313.4M	-535.2M
Financing cash flow	775M	-121.9M	3.5B	-732.6M	-326M	-1.7B	4.4B
Net change in cash	1.7B	1.5B	3.8B	-489M	1.4B	174.1M	820.2M
Free cash flow	922.3M	769.5M	736M	172.1M	1.5B	1.4B	1.6B

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

MINISO Group Holding Limited ADR Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement