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Pop Mart International Group (9992) investor relations material
Pop Mart International Group H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue surged 184.7% year-over-year to RMB37,120.1 million, driven by global expansion and strong IP performance.
Net profit rose 293.3% to RMB13,012.0 million, with adjusted net profit up 284.5% to RMB13,083.6 million.
Gross margin improved to 72.1% from 66.8%, reflecting higher overseas sales and supply chain optimization.
Major IPs like THE MONSTERS, SKULLPANDA, and CRYBABY delivered significant revenue growth.
Expansion included 109 new stores globally, with robust growth in Asia Pacific, Americas, and Europe.
Financial highlights
Operating profit increased 306.6% to RMB16,890.5 million year-over-year.
Basic EPS rose 307.2% to RMB9.61; diluted EPS up 307.7% to RMB9.58.
Cash and cash equivalents more than doubled to RMB13,775.1 million.
Inventories rose to RMB5,472.8 million, supporting global expansion.
Gearing ratio increased to 29.4% from 26.8% year-over-year.
Outlook and guidance
Focus remains on IP innovation, global expansion, and digitalization.
Plans to enhance supply chain automation, expand eco-friendly materials, and invest in new business lines like theme parks.
Continued investment in self-developed digital platforms and member engagement.
- Revenue and net profit more than doubled, driven by strong global and IP-led growth.9992
H1 20245 Dec 2025 - Revenue and profit surged on global expansion, artist IPs, and plush product growth.9992
H1 202525 Sep 2025 - Net profit surged 203.9% as global expansion and proprietary IPs fueled record growth.9992
H2 20246 Jun 2025
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