Playmates Toys reported FY 2025 revenue of HKD 512.21 million, down 45%, citing lower Godzilla x Kong shipments after lapping the 2024 movie release, softer TMNT demand without major entertainment events, and some U.S. shipment disruption in April amid trade tensions. FY 2025 gross profit was HKD 247.83 million, with gross margin of 48% versus 54% a year earlier, reflecting U.S. tariffs that began in Q2 and higher product development and tooling costs. FY 2025 operating loss was HKD 49.29 million versus an operating profit a year earlier. FY 2025 loss attributable to shareholders was HKD 15.35 million versus a profit a year earlier. Management said 2026 will be another transition year without major entertainment events, with support expected from expanded distribution of the Power Rangers line and ongoing TMNT and MonsterVerse shipments, while U.S. import tariffs are expected to continue pressuring profitability.
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