TMENYSERadio Broadcasting StationsFiscal year ends December 31Also trades as TCMEF

Tencent Music Entertainment Group

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 17, 2026

$8.67+0.04 (+0.46%)

Close on Oct 19, 2026

Tencent Music Entertainment Group balance sheet

Annual Quarterly

CNY USD

Millions of CNY, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31
Cash & Equivalents	8,470	13,164	13,567	9,555	6,591	11,128	15,426	17,356	5,174	3,071	–
Cash & Short-Term Investments	8,470	13,164	13,567	9,555	6,591	11,128	15,426	17,356	5,174	3,071	–
Receivables	3,903	3,508	2,918	2,670	3,610	2,800	2,198	1,483	1,161	–	–
Inventory	41	23	8.00	14	24	18	26	35	30	–	–
Total Current Assets	32,458	34,544	29,936	26,559	26,791	31,687	26,914	20,778	7,467	–	–
Property, Plant & Equipment	1,201	803	490	323	243	176	179	168	127	108	3.00
Operating Lease Right-of-Use Assets	287	295	367	398	283	311	148	100	–	–	–
Goodwill	20,521	19,647	19,542	19,493	19,121	17,492	17,140	17,088	16,262	15,762	–
Intangible Assets	2,899	2,049	2,032	2,368	2,829	2,020	1,622	1,763	1,717	2,007	–
Deferred Tax Assets	557	483	427	433	346	303	192	123	105	–	–
Total Assets	102,522	90,444	75,536	67,009	67,254	68,273	52,678	44,605	30,000	–	–
Accounts Payable	6,284	6,879	5,006	4,998	4,329	3,565	2,559	1,830	1,045	–	–
Short-Term Debt	0	–	–	–	–	–	–	–	–	–	–
Current Debt	0	–	–	–	–	–	–	–	–	–	–
Current Portion of Leases	116	106	115	123	92	103	69	29	–	–	–
Current Income Taxes Payable	1,092	934	567	404	363	445	386	235	192	–	–
Other Current Liabilities	3,558	3,381	3,472	4,022	3,832	3,881	3,782	2,742	1,312	–	–
Total Current Liabilities	14,589	16,550	12,014	11,717	10,450	9,602	8,490	6,238	3,527	–	–
Long-Term Debt	0	–	–	–	–	–	–	–	–	–	–
Long-Term Leases	200	219	297	306	205	218	78	68	–	–	–
Operating Lease Liabilities	316	325	412	429	297	321	147	97	–	–	–
Deferred Tax Liabilities	563	259	314	297	271	265	297	354	304	–	–
Other Long-Term Liabilities	379	0	–	6.00	32	68	68	214	–	–	–
Total Liabilities	19,472	20,718	18,334	17,882	16,199	15,542	9,000	6,833	3,852	–	–
Total Debt	0	–	–	–	–	–	–	–	–	–	–
Common Stock	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	–	–
Retained Earnings	29,381	20,051	16,969	12,052	14,194	11,111	7,007	3,040	1,227	–	–
Treasury Stock	-664	-550	-6,996	-6,349	-3,660	-134	–	–	–	–	–
Shareholders' Equity	80,287	67,863	55,907	48,099	50,317	52,245	43,590	37,721	26,141	–	–
Noncontrolling Interest	2,763	1,863	1,295	1,028	738	486	88	51	7.00	–	–
Total Equity	83,050	69,726	57,202	49,127	51,055	52,731	43,678	37,772	26,148	20,634	456
Total Liabilities & Equity	102,522	90,444	75,536	67,009	67,254	68,273	52,678	44,605	30,000	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, FY2025

Gross margin: 44.2%
Operating margin: 40.6%
Net margin: 33.6%
Return on equity, FY2025: 14.9%

Financial strength

Current ratio: 1.74
Debt to equity: 0.17
Debt to assets: 11.2%
Cash to current liabilities: 104.2%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –

Valuation ratios need the share price and fill in once daily prices are connected.