Playmates Toys Limited has issued a profit warning, indicating a challenging financial outlook for the first half of 2025. The company, together with its subsidiaries, reported an unaudited revenue of approximately HK$186 million for the six months ended 30 June 2025, a significant decrease from HK$445 million during the same period in 2024. Additionally, the Group is expected to record a net loss of around HK$26 million, in stark contrast to a net profit of HK$91 million in the previous year. The downturn is attributed primarily to disruptions in shipments to the U.S. market amid escalating trade tensions and the imposition of tariffs on goods entering the U.S. starting in the second quarter of 2025. Furthermore, the Group experienced a decline in its net unrealised and realised gain from treasury investments in listed equity securities, which amounted to approximately HK$9 million compared to HK$21 million during the corresponding period in 2024. Shareholders and investors are advised to exercise caution when dealing with shares of the company.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Playmates Toys Limited published the original content used to generate this news brief on August 04, 2025, and is solely responsible for the information contained therein.
Comments