Xiaomi Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	457,287	365,906	270,970	280,044	328,309
Revenue Growth (YoY)	24.97%	35.04%	-3.24%	-14.70%	33.53%
Cost of Revenue	355,481	289,346	213,494	232,467	270,048
Gross Profit	101,806	76,560	57,476	47,577	58,261
Selling, General & Admin	39,867	30,991	24,353	26,437	25,720
Research & Development	33,132	24,050	19,098	16,028	13,167
Other Operating Expenses	-3,567	-1,502	-739.41	-963.69	-648.53
Operating Expenses	69,432	53,539	42,712	41,502	38,238
Operating Income	32,374	23,021	14,765	6,076	20,023
Interest Expense	-1,266	-1,332	-1,150	-1,130	-2,841
Interest & Investment Income	5,381	3,836	3,558	1,789	1,400
Earnings From Equity Investments	326.13	276.85	45.62	-400.1	275.01
Currency Exchange Gain (Loss)	95.66	-319.63	124.41	-998.6	-483.29
Other Non Operating Income (Expenses)	-2,879	1,244	-410.95	583.86	-
EBT Excluding Unusual Items	34,031	26,726	16,932	5,920	18,372
Gain (Loss) on Sale of Investments	15,616	1,401	5,079	-1,986	6,045
Pretax Income	49,647	28,127	22,011	3,934	24,417
Income Tax Expense	8,080	4,548	4,537	1,431	5,134
Earnings From Continuing Operations	41,566	23,578	17,474	2,503	19,283
Minority Interest in Earnings	76.95	79.68	0.98	-28.54	56.09
Net Income	41,643	23,658	17,475	2,474	19,339
Net Income to Common	41,643	23,658	17,475	2,474	19,339
Net Income Growth	76.02%	35.38%	606.34%	-87.21%	-4.99%
Shares Outstanding (Basic)	25,657	24,825	24,885	24,828	24,927
Shares Outstanding (Diluted)	26,695	25,501	25,325	25,297	25,509
Shares Change (YoY)	4.69%	0.69%	0.11%	-0.83%	3.41%
EPS (Basic)	1.62	0.95	0.70	0.10	0.78
EPS (Diluted)	1.56	0.93	0.69	0.10	0.76
EPS Growth	68.08%	34.78%	592.46%	-86.89%	-8.43%
Free Cash Flow	21,373	31,998	35,032	-10,189	2,616
Free Cash Flow Per Share	0.80	1.25	1.38	-0.40	0.10
Gross Margin	22.26%	20.92%	21.21%	16.99%	17.75%
Operating Margin	7.08%	6.29%	5.45%	2.17%	6.10%
Profit Margin	9.11%	6.47%	6.45%	0.88%	5.89%
Free Cash Flow Margin	4.67%	8.74%	12.93%	-3.64%	0.80%
EBITDA	38,779	27,410	18,451	8,534	22,029
EBITDA Margin	8.48%	7.49%	6.81%	3.05%	6.71%
D&A For EBITDA	6,405	4,389	3,687	2,459	2,006
EBIT	32,374	23,021	14,765	6,076	20,023
EBIT Margin	7.08%	6.29%	5.45%	2.17%	6.10%
Effective Tax Rate	16.28%	16.17%	20.61%	36.38%	21.02%
Advertising Expenses	9,085	8,011	6,996	7,234	7,246

Source: S&P Global Market Intelligence. Standard template. Financial Sources.