Mango Excellent Media Co. (300413) investor relations material

Executive summary

• Revenue for 2025 was ¥13.81 billion, down 1.89% year-over-year; net profit attributable to shareholders was ¥1.23 billion, down 10.06%.

• Operating cash flow improved significantly to ¥1.18 billion, up 4,799.83% year-over-year.

• Core platform Mango TV achieved revenue of ¥11.17 billion; effective members reached 75.6 million.

• Dividend proposal: ¥2.6 per 10 shares, total cash dividend ¥486 million, 100% payout ratio.

Financial highlights

• Gross margin for Mango TV internet video business was 26.60%, down 8.73 percentage points year-over-year.

• Content e-commerce revenue fell 13.86% to ¥2.24 billion; new media interactive entertainment grew 10.85% to ¥1.40 billion.

• Total assets at year-end were ¥33.17 billion, up 1.97% from prior year.

• R&D investment was ¥384 million, 2.78% of revenue.

• Non-recurring profit items contributed ¥74.66 million; adjusted net profit (excluding non-recurring) was ¥1.15 billion, down 29.93%.

Outlook and guidance

• 2026 focus: strengthen content innovation, expand international business, accelerate AI and digital transformation.

• Plans to launch new flagship variety shows and drama series, deepen AIGC and cloud-based production.

• Targeting further growth in overseas markets, especially Southeast Asia and Middle East.