Playmates posted FY 2025 revenue of HKD 665.23 million, down 39%, and a net loss attributable to shareholders of HKD 362.19 million. The group recorded an operating loss of HKD 382.82 million and a loss per share of HKD 0.18. Playmates said it booked a net revaluation deficit on investment properties of HKD 439.33 million, down 19%, reflecting continued weakness in Hong Kong’s commercial and industrial property markets. Toy sales were HKD 512.21 million, down 45%, driven by lower Godzilla x Kong shipments after lapping a 2024 movie release, moderating TMNT demand without major entertainment events, and shipment disruption to the U.S. in April amid trade tensions. Playmates said 2026 will be another transition year, with continued expansion of Power Rangers distribution and ongoing TMNT and MonsterVerse shipments, while expecting U.S. import tariffs to continue in different forms and pressure profitability.

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