Results Snapshot
Figures in Million
Consolidate Annual Results
Dec'25
Dec'24
Dec'23
Dec'22
Dec'21
Dec'20
Dec'19
Net Sales
35,682.99
30,793.04
30,665.90
32,954.81
37,655.61
32,759.03
28,840.03
Other Operating Income
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Total Operating income
35,682.99
30,793.04
30,665.90
32,954.81
37,655.61
32,759.03
28,840.03
Raw Material Cost
20,199.25
18,018.72
20,116.49
23,038.94
26,605.03
22,564.89
19,253.90
Purchase of Finished goods
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(Increase) / Decrease In Stocks
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Employee Cost
4,475.83
4,140.65
4,408.94
4,912.00
4,718.40
3,375.57
2,865.41
Power Cost
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Manufacturing Expenses
132.31
134.44
137.02
133.73
144.63
111.25
72.57
Selling and Distribution Expenses
2,474.88
2,334.33
2,480.72
3,175.82
4,957.03
4,134.07
3,816.76
Other Expenses
-209.53
-180.31
-175.58
-204.55
-204.40
-161.36
-162.38
Total Expenditure (Excl Depreciation)
25,186.97
22,825.08
25,387.33
29,214.99
34,381.05
28,572.15
24,384.87
Operating Profit (PBDIT) excl Other Income
10496
7968
5278.6
3739.8
3274.6
4186.9
4455.2
Other Income
4,025.75
1,564.54
1,423.24
1,404.76
1,177.49
1,112.46
876.52
Operating Profit (PBDIT)
16,012.99
10,592.87
7,811.23
6,493.51
5,658.47
6,214.02
5,992.75
Interest
132.31
134.44
137.02
133.73
144.63
111.25
72.57
Exceptional Items
-35.79
-56.38
-25.41
30.23
126.55
-4.49
-90.71
Gross Profit (PBDT)
15,483.74
12,774.33
10,549.42
9,915.86
11,050.58
10,194.15
9,586.13
Depreciation
1,491.22
1,060.37
1,109.42
1,348.94
1,206.42
914.69
661.07
Profit Before Tax
14,353.67
9,341.67
6,539.38
5,041.08
4,433.97
5,183.60
5,168.39
Tax
2,086.62
1,738.01
911.62
620.98
502.57
512.40
638.39
Provisions and contingencies
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Profit After Tax
11,990.49
7,203.58
5,436.59
4,275.90
3,650.58
4,668.95
4,515.26
Extraordinary Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other Adjustments
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Net Profit
11,990.49
7,203.58
5,436.59
4,275.90
3,650.58
4,668.95
4,515.26
Share in Profit of Associates
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Minority Interest
322.10
504.16
331.50
188.39
224.17
23.60
-5.67
Other related items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Consolidated Net Profit
12,312.59
7,707.75
5,768.09
4,464.29
3,874.75
4,692.54
4,509.59
Equity Capital
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Face Value
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Reserves
89,424.79
72,220.62
61,553.90
54,002.66
61,551.06
61,943.77
48,759.57
Earnings per share (EPS)
3.86
2.3
1.72
1.32
1.09
1.39
1.35
Diluted Earnings per share
3.86
2.3
1.72
1.32
1.09
1.39
1.35
Operating Profit Margin (Excl OI)
29.41%
25.88%
17.21%
11.35%
8.7%
12.78%
15.45%
Gross Profit Margin
44.4%
33.78%
24.94%
19.39%
14.98%
18.62%
20.21%
PAT Margin
33.6%
23.39%
17.73%
12.98%
9.69%
14.25%
15.66%
Public Share Holdings (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Pledged Promotor Holding (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Annual Analysis Highlights
Net Sales
YoY Growth in year ended Dec 2025 is 15.88% vs 0.41% in Dec 2024
Consolidate Net Profit
YoY Growth in year ended Dec 2025 is 59.74% vs 33.63% in Dec 2024
Operating Profit (PBDIT) excl Other Income
YoY Growth in year ended Dec 2025 is 32.77% vs 41.33% in Dec 2024
Interest
YoY Growth in year ended Dec 2025 is -1.56% vs -1.90% in Dec 2024
Operating Profit Margin (Excl OI)
YoY Growth in year ended Dec 2025 has improved from Dec 2024
Compare Annual Results Of Tencent Music Entertainment Group With
Figures in Million
Consolidate Annual Results
Change(HKD)
Change(%)
Net Sales
35,682.99
8,966.32
26,716.67
297.97%
Other Operating Income
0.00
0.00
0.00
Total Operating income
35,682.99
8,966.32
26,716.67
297.97%
Raw Material Cost
20,199.25
1,339.55
18,859.70
1,407.91%
Purchase of Finished goods
0
0
0.00
(Increase) / Decrease In Stocks
0
0
0.00
Employee Cost
4,475.83
0.00
4,475.83
Power Cost
0
0
0.00
Manufacturing Expenses
132.31
0.00
132.31
Selling and Distribution Expenses
2,474.88
3,007.18
-532.30
-17.70%
Other Expenses
-209.53
179.34
-388.87
-216.83%
Total Expenditure (Excl Depreciation)
25,186.97
6,140.10
19,046.87
310.20%
Operating Profit (PBDIT) excl Other Income
10,496.02
2,826.22
7,669.80
271.38%
Other Income
4,025.75
774.41
3,251.34
419.85%
Operating Profit (PBDIT)
16,012.99
4,354.62
11,658.37
267.72%
Interest
132.31
0.00
132.31
Exceptional Items
-35.79
-129.93
94.14
72.45%
Gross Profit (PBDT)
15,483.74
7,626.76
7,856.98
103.02%
Depreciation
1,491.22
753.99
737.23
97.78%
Profit Before Tax
14,353.67
3,470.70
10,882.97
313.57%
Tax
2,086.62
552.83
1,533.79
277.44%
Provisions and contingencies
0
0
0.00
Profit After Tax
11,990.49
2,966.54
9,023.95
304.19%
Extraordinary Items
0.00
0.00
0.00
Prior Period Expenses
0
0
0.00
Other Adjustments
0
0
0.00
Net Profit
11,990.49
2,966.54
9,023.95
304.19%
Share in Profit of Associates
0
0
0.00
Minority Interest
322.10
-48.67
370.77
761.80%
Other related items
0.00
0.00
0.00
Consolidated Net Profit
12,312.59
2,917.87
9,394.72
321.97%
Equity Capital
0
0
0.00
Face Value
0.00
0.00
0.00
Reserves
89,424.79
22,310.56
67,114.23
300.82%
Earnings per share (EPS)
3.86
3.20
0.66
20.62%
Diluted Earnings per share
3.86
3.20
0.66
20.62%
Operating Profit Margin (Excl OI)
29.41%
31.52%
0.00
-2.11%
Gross Profit Margin
44.40%
47.12%
0.00
-2.72%
PAT Margin
33.60%
33.09%
0.00
0.51%
Public Share Holdings (%)
0%
0%
0.00
0.00%
Pledged Promotor Holding (%)
0%
0%
0.00
0.00%
Annual - Net Sales
Net Sales 3,568.30 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is 15.88% vs 0.41% in Dec 2024
Annual - Consolidate Net Profit
Consolidate Net Profit 1,231.26 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is 59.74% vs 33.63% in Dec 2024
Annual - Operating Profit (PBDIT)
Operating Profit (PBDIT) 1,198.72 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is 32.77% vs 41.33% in Dec 2024
Annual - Interest
Interest 13.23 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is -1.56% vs -1.90% in Dec 2024
Annual - Operating Profit Margin (Excl OI)
Operating Profit Margin (Excl OI) 29.41%
in Dec 2025Figures in %
YoY Growth in year ended Dec 2025 has improved from Dec 2024






