Tencent Music Entertainment Group (01698.HK) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	33.7B	32.1B	28.4B	27.8B	28.3B
Cost of Revenue	17.8B	13.8B	16.4B	18.0B	19.6B
Gross Profit	15.9B	18.3B	12.0B	9.8B	8.8B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	5.0B	4.7B	4.7B	5.0B	5.6B
General & Admin Expense	1.1B	—	3.8B	4.1B	4.4B
Selling & Marketing Expense	260.0M	—	865.0M	897.0M	1.1B
Other Expenses	(245.4M)	376.0M	(1.4B)	(1.3B)	(1.2B)
Total Operating Expenses	4.8B	5.1B	3.3B	3.7B	4.3B
Cost and Expenses	22.5B	18.9B	19.7B	21.7B	23.9B
Operating Income (EBIT)	11.1B	13.2B	8.7B	6.1B	4.4B
Non-Operating
Interest Income	760.2M	1.0B	1.2B	1.1B	711.0M
Interest Expense	114.1M	125.7M	124.0M	124.0M	115.0M
Net Interest Income	646.1M	901.1M	1.1B	928.0M	596.0M
Other Non-Op Income/Expense	(101.9M)	(227.0M)	2.0M	(14.0M)	(70.0M)
Non-Operating Income (excl Interest)	408.4M	101.3M	(126.0M)	(110.0M)	(45.0M)
EBT (Pre-Tax Income)	11.0B	12.9B	8.7B	6.0B	4.4B
Income Tax Expense	1.9B	1.9B	1.6B	825.0M	534.0M
Bottom Line
Net Income	8.9B	10.8B	6.6B	4.9B	3.7B
Earnings from Cont. Ops	9.1B	11.1B	7.1B	5.2B	3.8B
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	8.9B	10.8B	6.6B	4.9B	3.7B
Per Share
Basic EPS	HK$2.86	HK$3.51	HK$2.15	HK$1.58	HK$1.15
Diluted EPS	HK$2.84	HK$3.47	HK$2.12	HK$1.55	HK$1.14
Revenue Per Share	HK$10.77	HK$10.45	HK$9.21	HK$8.89	HK$8.84
Shares
Basic Shares Outstanding	3.1B	3.1B	3.1B	3.1B	3.2B
Diluted Shares Outstanding	3.2B	3.1B	3.1B	3.2B	3.2B
Profitability Metrics
EBITDA	12.3B	14.4B	9.8B	7.2B	5.6B
D&A	1.6B	1.3B	978.0M	1.0B	1.2B
EBIT	10.7B	13.1B	8.8B	6.2B	4.5B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026