MINISO Group Holding (MNSO) Cost of Revenue (2019 - 2025)

MINISO Group Holding (MNSO) has reported Cost of Revenue for 7 consecutive years, with $479.5 million the latest figure, recorded in Q4 2025.

• In Q4 2025, Cost of Revenue rose 40.25% year-over-year to $479.5 million; the TTM figure through Dec 2025 stood at $1.7 billion (up 27.29% YoY), while the FY2025 annual figure was $1.7 billion, up 31.58% from the prior year.
• Cost of Revenue climbed to $479.5 million in Q4 2025 per MNSO's latest filing, from $450.4 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $609.9 million in Q4 2023 and bottomed at $217.1 million in Q4 2022.
• Historically, Cost of Revenue has averaged $327.7 million across 5 years, with a median of $299.7 million in 2021.
• Annual changes were most pronounced in 2023 — Cost of Revenue surged 180.94% — and 2024, when it slumped 43.95%.
• MINISO Group Holding's Cost of Revenue stood at $299.7 million in 2021, then declined by 27.56% to $217.1 million in 2022, then soared by 180.94% to $609.9 million in 2023, then plunged by 43.95% to $341.9 million in 2024, then surged by 40.25% to $479.5 million in 2025.
• Business Quant data shows MNSO's Cost of Revenue at $479.5 million in Q4 2025, $450.4 million in Q3 2025, and $386.3 million in Q2 2025.