MINISO Reports Strong Q4 & FY2025 Revenue Growth, Declares Significant Dividend, Despite IFRS Loss from Investments
MNSO sits 18% above its 52-week low of $13.945.
Summary
MINISO Group reported strong Q4 and full-year 2025 revenue and adjusted profit growth, declared a significant dividend, and continued share repurchases, though IFRS net profit was affected by non-operating losses.
Key Events · Earnings and Guidance · MNSO
-
Strong Revenue Growth
Q4 2025 revenue increased 32.7% year-over-year to RMB6.25 billion (US$894.3 million), exceeding the company's guidance. Full-year 2025 revenue grew 26.2% year-over-year to RMB21.44 billion (US$3.07 billion).
-
Adjusted Profit Growth
Q4 2025 adjusted net profit increased 7.6% year-over-year to RMB852.7 million (US$121.9 million). Full-year 2025 adjusted net profit grew 6.5% to RMB2.90 billion (US$414.4 million).
-
IFRS Net Loss/Decline Due to Non-Operating Items
The company reported an IFRS net loss of RMB139.4 million (US$19.9 million) for Q4 2025, and full-year 2025 IFRS net profit declined significantly to RMB1.21 billion (US$173.0 million). This was primarily driven by a RMB812.7 million loss from the investment in Yonghui Superstores and other non-cash expenses.
-
Significant Dividend Declared
The Board approved a final cash dividend of US$0.3764 per ADS (US$0.0941 per ordinary share), totaling approximately US$115.8 million (RMB809.7 million). This represents about 50% of the adjusted net profit generated in the second half of 2025.
Analysis · MNSO · Trade & Services
MINISO Group delivered robust operational performance in Q4 and full year 2025, with revenue exceeding guidance and adjusted net profit showing solid growth. The company also announced a substantial final cash dividend and continued its share repurchase program, demonstrating a strong commitment to shareholder returns. However, the reported IFRS net profit was significantly impacted by non-operating items, primarily a substantial loss from its investment in Yonghui Superstores and other non-cash expenses. Investors should focus on the adjusted financial metrics and capital allocation strategy, while noting the impact of strategic investments on IFRS profitability.
At the time of this filing, MNSO was trading at $16.49 on NYSE in the Trade & Services sector, with a market capitalization of approximately $4.9B. The 52-week trading range was $13.95 to $26.74. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.