---
title: "PLAYMATES TOYS issues a profit warning, expecting to turn a loss of 15 million last year due to tariff impacts on profits in the U.S. market"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/275188674.md"
description: "PLAYMATES TOYS (869) issued a profit warning, expecting a net loss of HKD 15 million for the fiscal year 2025, a significant turnaround from a net profit of HKD 130 million in 2024. Revenue is expected to be HKD 510 million, a year-on-year decrease of 45%. The decline in revenue is mainly due to the lack of major entertainment events promoting the \"Teenage Mutant Ninja Turtles\" brand and a drop in sales of the \"Godzilla vs. Kong\" products. In addition, tariffs have impacted profits in the U.S. market, with some effects offset by price adjustments. Last year's securities investment income was HKD 19 million and HKD 40 million, a decrease compared to the fiscal year 2024"
datetime: "2026-02-07T02:13:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/275188674.md)
  - [en](https://longbridge.com/en/news/275188674.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/275188674.md)
---

# PLAYMATES TOYS issues a profit warning, expecting to turn a loss of 15 million last year due to tariff impacts on profits in the U.S. market

At the end of last year, PLAYMATES TOYS (869) announced that the licensing agreement for the "Teenage Mutant Ninja Turtles" products would not be renewed after it expires at the end of 2026, and issued a profit warning, indicating a shift from profit to loss in the previous year, with an expected net loss of HKD 15 million for the fiscal year 2025, compared to a net profit of HKD 130 million in 2024. During this period, the expected revenue is HKD 510 million, a year-on-year decline of 45%.

PLAYMATES TOYS stated that the decrease in revenue is due to the inability to benefit from the upcoming release of the movie "Godzilla x Kong: The New Empire" in 2024 as it did last year, with the product shipment volume of "Godzilla x Kong" expected to decline, and the "Teenage Mutant Ninja Turtles" brand lacking major entertainment events to drive demand, resulting in a slowdown in the demand for the "Teenage Mutant Ninja Turtles" product line. The company also pointed out that the escalating trade tensions have hindered shipments to the U.S. market in April, although some of the impact was offset by the launch of "Power Rangers" products in the fall.

The company indicated that since the second quarter of last year, tariffs have negatively impacted profits from sales in the U.S. market, but some of the effects were mitigated through selective price adjustments implemented in the third quarter.

In addition, PLAYMATES TOYS revealed that the unrealized and realized net gains and interest income from the group's treasury investments in listed securities last year were approximately HKD 19 million and HKD 40 million, respectively, compared to unrealized and realized net gains and interest income of HKD 32 million and HKD 55 million from treasury investments in 2024

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