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

MINISO Group Holding has disclosed Cost of Revenue across 7 years of filings, most recently posting $472.7 million for Q4 2025.

• In Q4 2025, Cost of Revenue rose 36.08% year-over-year to $472.7 million; the TTM figure through Dec 2025 stood at $1.6 billion (up 5.21% YoY), while the FY2025 annual figure was $1.6 billion, up 26.05% from the prior year.
• Cost of Revenue climbed to $472.7 million in Q4 2025, from $448.0 million in the prior quarter.
• Over the last five years, Cost of Revenue for MNSO reached as high as $609.9 million in Q4 2023 and fell as low as $217.1 million in Q4 2022.
• The 5-year median for Cost of Revenue is $299.3 million (2021), against an average of $325.8 million.
• Annual changes were most pronounced in 2023 — Cost of Revenue surged 180.94% — and 2024, when it slumped 43.04%.
• A 5-year view of Cost of Revenue shows it stood at $299.7 million in 2021, then dropped by 27.56% to $217.1 million in 2022, then surged by 180.94% to $609.9 million in 2023, then sank by 43.04% to $347.4 million in 2024, then surged by 36.08% to $472.7 million in 2025.
• According to Business Quant data, Cost of Revenue over the past three periods registered $472.7 million, $448.0 million, and $382.6 million for Q4 2025, Q3 2025, and Q2 2025 respectively.