Tencent Music Entertainment Group (TME)

TME Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	11,270	13,175	13,598	9,589	6,591	11,128
Short-Term Investments	11,065	14,045	9,974	11,328	13,835	14,895
Cash & Short-Term Investments	22,335	27,220	23,572	20,917	20,426	26,023
Cash Growth	-21.83%	15.48%	12.69%	2.40%	-21.51%	15.81%
Accounts Receivable	3,682	3,508	2,918	2,670	3,610	2,800
Inventory	57	23	8	14	24	18
Other Current Assets	3,843	3,793	3,438	2,958	2,731	2,846
Total Current Assets	29,917	34,544	29,936	26,559	26,791	31,687
Net Property, Plant & Equipment	3,666	3,462	3,294	3,201	2,021	487
Other Intangible Assets	2,944	2,049	2,032	2,368	2,829	2,020
Goodwill	20,517	19,647	19,542	19,493	19,121	17,492
Long-Term Investments	33,101	19,476	11,121	7,802	11,100	12,375
Other Long-Term Assets	14,721	11,266	9,611	7,586	5,392	4,212
Total Assets	104,866	90,444	75,536	67,009	67,254	68,273
Accounts Payable	6,619	6,879	5,006	4,998	4,329	3,565
Accrued Expenses	3,269	3,381	3,472	4,022	3,832	3,881
Short-Term Debt	-	2,154	-	-	-	-
Current Portion of Leases	104	106	115	123	92	103
Unearned Revenue	3,408	3,096	2,854	2,170	1,834	1,608
Other Current Liabilities	948	934	567	404	363	445
Total Current Liabilities	14,348	16,550	12,014	11,717	10,450	9,602
Long-Term Debt	3,534	3,572	5,636	5,536	5,062	5,175
Long-Term Leases	227	219	297	306	205	218
Other Long-Term Liabilities	1,324	377	387	323	482	547
Total Long-Term Liabilities	5,085	4,168	6,320	6,165	5,749	5,940
Total Liabilities	19,433	20,718	18,334	17,882	16,199	15,542
Common Stock	2	2	2	2	2	2
Treasury Stock	-1,458	-1,070	-7,298	-6,551	-3,843	-212
Additional Paid-in Capital	29,895	29,035	36,576	36,456	36,238	35,044
Accumulated Other Comprehensive Income	27,124	19,845	9,658	6,140	3,726	6,300
Retained Earnings	27,188	20,051	16,969	12,052	14,194	11,111
Total Common Shareholders' Equity	82,751	67,863	55,907	48,099	50,317	52,245
Minority Interest	2,682	1,863	1,295	1,028	738	486
Shareholders' Equity	85,433	69,726	57,202	49,127	51,055	52,731
Total Liabilities & Equity	104,866	90,444	75,536	67,009	67,254	68,273
Total Debt	3,865	6,051	6,048	5,965	5,359	5,496
Net Cash (Debt)	18,470	21,169	17,524	14,952	15,067	20,527
Net Cash Growth	-12.75%	20.80%	17.20%	-0.76%	-26.60%	-8.05%
Net Cash Per Share	-	12.97	10.21	8.90	9.05	12.18
Book Value	82,751	67,863	55,907	48,099	50,317	52,245
Book Value Per Share	-	41.57	32.58	28.63	30.23	31.00
Tangible Book Value	59,290	46,167	34,333	26,238	28,367	32,733
Tangible Book Value Per Share	-	28.28	20.01	15.62	17.04	19.43

Updated Nov 12, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q