MINISO Group Holding (MSOGF) Gross Margin (2019 - 2025)

MINISO Group Holding has disclosed Gross Margin across 7 years of filings, most recently posting 46.39% for Q4 2025.

• In Q4 2025, Gross Margin fell 66.0% year-over-year to 46.39%; the TTM figure through Dec 2025 stood at 45.0% (up 99.0% YoY), while the FY2025 annual figure was 44.99%, up 5.0% from the prior year.
• Gross Margin climbed to 46.39% in Q4 2025, from 44.68% in the prior quarter.
• Over the last five years, Gross Margin for MSOGF reached as high as 47.05% in Q4 2024 and fell as low as 25.85% in Q2 2021.
• The 5-year median for Gross Margin is 40.87% (2022), against an average of 38.82%.
• Annual changes were most pronounced in 2021 — Gross Margin tumbled 426 bps — and 2022, when it surged 885 bps.
• A 5-year view of Gross Margin shows it stood at 31.12% in 2021, then rose by 28 bps to 39.97% in 2022, then gained by 6 bps to 42.46% in 2023, then gained by 11 bps to 47.05% in 2024, then retreated by 1 bps to 46.39% in 2025.
• According to Business Quant data, Gross Margin over the past three periods registered 46.39%, 44.68%, and 44.28% for Q4 2025, Q3 2025, and Q2 2025 respectively.