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

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