Financials Pop Mart International Group Limited

Equities

Market Closed - Hong Kong S.E. Other stock markets 01:38:09 13/02/2026 pm IST			5-day change	1st Jan Change
247.40 ^HKD	-1.90%		+1.73%	+31.81%

11/02	Tech Strength Sustains Asian Stock Markets	MT
10/02	Pop Mart Product Sales Top 400 Million Units in 2025	MT

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	2,513	4,491	4,617	6,301	13,038	37,466	48,769	59,127
Change	-	78.66%	2.82%	36.46%	106.92%	187.36%	30.17%	21.24%
EBITDA ¹	964.6	1,585	1,188	1,899	5,017	17,963	23,817	28,530
Change	-	64.29%	-25.03%	59.84%	164.17%	258.03%	32.59%	19.79%
EBIT ¹	718.8	1,150	583.4	1,231	4,154	16,886	22,615	27,313
Change	-	59.97%	-49.26%	110.95%	237.57%	306.47%	33.93%	20.77%
Interest Paid ¹	-8.993	-21.25	-38.58	-32.34	-48.98	-63	-87.33	-107.5
Earnings before Tax (EBT) ¹	707.4	1,171	639.5	1,416	4,366	17,143	22,768	27,540
Change	-	65.56%	-45.39%	121.37%	208.37%	292.67%	32.81%	20.96%
Net income ¹	523.5	854.3	475.7	1,082	3,125	12,613	16,669	20,090
Change	-	63.2%	-44.32%	127.55%	188.77%	303.57%	32.15%	20.53%
Announcement Date	26/03/21	28/03/22	29/03/23	20/03/24	26/03/25	-	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2
Net sales ¹	1,773	2,718	2,359	2,259	2,814	3,487	4,558	8,480	13,876	23,982
Change	-	53.34%	-13.22%	-4.25%	24.59%	23.93%	30.7%	86.05%	63.64%	72.83%
EBITDA ¹	-	-	-	-	-	-	-	-	-	10,365
Change	-	-	-	-	-	-	-	-	-	-
EBIT ¹	486.7	663.1	446.1	137.3	537.8	692.9	1,126	3,028	6,044	10,806
Change	-	36.25%	-32.73%	-69.21%	291.6%	28.85%	62.57%	168.8%	99.6%	78.79%
Charge d'intérêts ¹	-	-	-15.98	-24.38	-16.17	-16.16	-22.22	-26.76	-28.36	-51
Earnings before Tax (EBT) ¹	-	-	457.9	181.6	618.5	797.2	1,228	3,137	6,157	10,620
Change	-	-	-	-60.35%	240.62%	28.88%	54.09%	155.4%	96.24%	72.49%
Net income ¹	358.7	-	332.8	142.8	476.6	605.8	921.3	2,204	4,574	7,883
Change	-	-	-	-57.08%	233.64%	27.11%	52.09%	139.23%	107.54%	72.33%
Announcement Date	27/08/21	28/03/22	25/08/22	29/03/23	22/08/23	20/03/24	20/08/24	26/03/25	19/08/25	-

¹CNY in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-5,388	-4,664	-4,300	-5,170	-8,656	-16,476	-27,296	-39,661
Change	-	13.44%	7.8%	-20.23%	-67.43%	-90.35%	-65.67%	-45.3%
Announcement Date	26/03/21	28/03/22	29/03/23	20/03/24	26/03/25	-	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	176	287.5	347.6	392.5	516.7	947.9	1,082	1,258
Change	-	63.37%	20.91%	12.9%	31.65%	83.45%	14.1%	16.29%
Free Cash Flow (FCF) ¹	527.4	491.6	543.4	1,598	4,438	13,191	16,994	19,616
Change	-	-6.78%	10.54%	194.1%	177.67%	197.26%	28.83%	15.43%
Announcement Date	26/03/21	28/03/22	29/03/23	20/03/24	26/03/25	-	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	38.38%	35.29%	25.73%	30.14%	38.48%	47.94%	48.84%	48.25%
EBIT Margin (%)	28.6%	25.6%	12.63%	19.53%	31.86%	45.07%	46.37%	46.19%
EBT Margin (%)	28.14%	26.08%	13.85%	22.47%	33.49%	45.76%	46.68%	46.58%
Net margin (%)	20.83%	19.02%	10.3%	17.18%	23.97%	33.67%	34.18%	33.98%
FCF margin (%)	20.98%	10.95%	11.77%	25.36%	34.04%	35.21%	34.85%	33.18%
FCF / Net Income (%)	100.74%	57.54%	114.24%	147.65%	141.98%	104.58%	101.95%	97.64%
Profitability
ROA	13.03%	11.17%	5.63%	11.67%	25.17%	52.8%	43.53%	37.69%
ROE	15.58%	13.2%	6.9%	14.69%	33.87%	72.51%	55.59%	46.26%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	7%	6.4%	7.53%	6.23%	3.96%	2.53%	2.22%	2.13%
CAPEX / EBITDA (%)	18.24%	18.14%	29.26%	20.66%	10.3%	5.28%	4.54%	4.41%
CAPEX / FCF (%)	33.37%	58.48%	63.97%	24.56%	11.64%	7.19%	6.36%	6.41%
Items per share
Cash flow per share ¹	0.5807	0.565	0.652	1.485	3.719	10.88	13.68	16.44
Change	-	-2.7%	15.4%	127.75%	150.45%	192.51%	25.76%	20.19%
Dividend per Share ¹	0.1494	0.1524	0.087	0.2821	0.8146	3.285	4.283	5.173
Change	-	2.01%	-42.91%	224.25%	188.76%	303.22%	30.39%	20.79%
Book Value Per Share ¹	5.13	4.95	5.092	5.763	7.955	16.72	25.31	34.98
Change	-	-3.51%	2.86%	13.19%	38.04%	110.17%	51.4%	38.18%
EPS ¹	0.3734	0.62	0.35	0.81	2.35	9.485	12.29	14.7
Change	-	66.04%	-43.55%	131.43%	190.12%	303.63%	29.59%	19.59%
Nbr of stocks (in thousands)	14,01,938	14,01,938	13,67,590	13,29,259	13,26,330	13,26,262	13,26,262	13,26,262
Announcement Date	26/03/21	28/03/22	29/03/23	20/03/24	26/03/25	-	-	-