[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-151403-en":3,"doc-seo-151403-105":30,"detail-sidebar-cat-0-en-105":91},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":4,"is_deleted":4,"is_public":20,"is_downloadable":20,"audit_status":20,"page_count":21,"language":22,"language_code":23,"site_id":24,"html_lang":23,"table_of_contents":25,"faqs":26,"seo_title":27,"seo_description":14,"update_tm":28,"read_time":29},151403,13056703019662,"Evangeline","https://ap-avatar.wpscdn.com/avatar/be000253a8e92610077?_k=1778726343310543188",8,"Research & Report","PLAYMATES TOYS LIMITED - Interim Results Announcement for the Six Months Ended 30 June 2026 - Management Discussion and Analysis","Playmates Toys Limited’s interim results for the six months ended 30 June 2026 cover revenue of HK$186 million and a gross profit of HK$107.5 million, with an operating loss narrowing to HK$26.7 million versus HK$45.3 million in the prior year. Management attributes improved gross profit ratio to U.S. tariff-related provision reversals and refunds, and reduced clearance costs, while higher operating expenses reflect unfulfilled royalties and increased selling expenses. The report reviews brand performance and outlines support expected from Power Rangers and TMNT/MonsterVerse shipments, new Fall launches, and initial products tied to Godzilla x Kong: Supernova.","Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.  \nPLAYMATES TOYS LIMITED  \n(Incorporated in Bermuda with limited liability)  \n(Stock Code： 869)  \nINTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2026  \nMANAGEMENT DISCUSSION AND ANALYSIS  \nHighlights  \n\n| For the six months ended 30 June | 2026 HK$’000 | 2025 HK$’000 |\n| --- | --- | --- |\n| Revenue | 186,115 | 185,514 |\n| Gross profit | 107,507 | 79,360 |\n| Operating loss | (26,665) | (45,293) |\n| Loss before income tax | (15,816) | (15,517) |\n| Income tax expense | (1,846) | (10,093) |\n| Loss attributable to owners of the Company | (17,662) | (25,610) |\n|  |  |  |\n| Loss per share | HK cents | HK cents |\n| -Basic | (1.51) | (2.17) |\n| -Diluted | (1.51) | (2.17) |\n|  |  |  |\n| Interim dividend per share | - | 1.00 |\n\nPlaymates Toys worldwide turnover during the first half of 2026 was HK$186 million (same period in 2025: HK$186 million), approximately flat compared to the prior year period. Declines in Miraculous: Tales of Ladybug & Cat Noir, MonsterVerse and Teenage Mutant Ninja Turtles (“TMNT”) product shipments were offset by the expanded distribution of our Power Rangers product line.  \nGross profit ratio on toy sales was 58%(same period in 2025: 43%). Higher gross profit margin in the first half of 2026 was driven primarily by HK$12 million of U. S. tariff-related provision reversals and refunds, as well as slightly lower clearance costs of discontinuing products. Operating expenses increased by 15% compared to prior year, driven primarily by unfulfilled royalties and higher selling expenses. Administration expenses were approximately flat compared to the prior year period.  \nThe group reported an operating loss of HK$27 million during the first half of 2026 (same period in 2025: operating loss of HK$45 million) . Other net income during the current year period included a HK$3 million net unrealized and realized loss on our listed equities investment position (same period in 2025: HK$9 million gain)  \nand HK$15 million in interest income (same period in 2025: HK$21 million) . Net loss attributable to shareholders during the first half of 2026 was HK$18 million (same period in 2025: net loss of HK$26 million) .  \n2026 is shaping up to be another transition year for us. The continued expansion in distribution of our Power Rangers product line, as well as ongoing shipments of our TMNT and MonsterVerse toy lines, have provided support to our business during the first half of the year, and will continue to do so in the second half of 2026. We expect further boosts from new brand launches in the Fall and initial shipments of products tied to the Godzilla x Kong: Supernova movie release. The stabilization in global trade dynamics so far in 2026 has also been a welcome reprieve, although we expect U.S. import tariffs to continue under different forms, and put some negative pressure on our profitability over the long term. In addition to the U.S. tariff-related refunds received during the first half, we have received a further HK$11 million in refunds since 1 July 2026.  \nBrand Overview  \nPower Rangers  \nWe launched our kid-targeted Mighty Morphin Power Rangers: Re-Ignition toy line last Fall, supported by new and enhanced content on YouTube, Netflix and other entertainment channels. Refreshed Season 2 action figures, collectibles, combinable Zords and roleplay accessories will hit shelves starting this summer. We are in active development of Season 3 products, including an expanded collector-targeted offering across more fan-favorite Power Rangers series titles.  \nGodzilla x Kong  \nThe Godzilla x Kong Monsterverse franchise continues to sustain consumer ","cbCaifc950Ks2xfS","https://ap.wps.com/l/cbCaifc950Ks2xfS","pdf",257808,1,12,"English","en",105,"# Highlights\n## Financial performance and key drivers\n# Brand overview\n## Power Rangers\n## Godzilla x Kong\n## Dungeon Crawler Carl\n## Paris & Pups\n# Condensed consolidated financial information\n## Condensed consolidated income statement","[{\"question\":\"What were the main financial figures for the six months ended 30 June 2026?\",\"answer\":\"Revenue was HK$186.1 million and gross profit was HK$107.5 million. The group recorded an operating loss of HK$26.7 million and a loss attributable to owners of HK$17.7 million.\"},{\"question\":\"What drove the improvement in gross profit ratio in 2026 compared with 2025?\",\"answer\":\"A higher gross profit margin was primarily driven by reversals and refunds related to U.S. tariff provisions and slightly lower clearance costs for discontinuing products.\"},{\"question\":\"How does management describe the outlook and planned brand activity for the second half of 2026?\",\"answer\":\"Management expects continued support from Power Rangers distribution and ongoing shipments of TMNT and MonsterVerse lines, with additional boosts from Fall brand launches and initial shipments for products tied to Godzilla x Kong: Supernova.\"}]","PLAYMATES TOYS LIMITED - Interim Results Announcement for the Six Months Ended 30 June 2026 - Management Discussion and Analysis | PDF",1787839144,30,{"code":4,"msg":31,"data":32},"ok",{"site_id":24,"language":23,"slug":33,"title":13,"keywords":34,"description":14,"schema_data":35,"social_meta":86,"head_meta":88,"extra_data":90,"updated_unix":28},"playmates-toys-limited-interim-results-announcement-for-the-six-months-ended-30-june-2026-management-discussion-and-analysis","",{"@graph":36,"@context":85},[37,54,68],{"@type":38,"itemListElement":39},"BreadcrumbList",[40,44,48,51],{"item":41,"name":42,"@type":43,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":45,"name":46,"@type":43,"position":47},"https://docshare.wps.com/document/","Document",2,{"item":49,"name":12,"@type":43,"position":50},"https://docshare.wps.com/document/research-report/",3,{"item":52,"name":13,"@type":43,"position":53},"https://docshare.wps.com/document/playmates-toys-limited-interim-results-announcement-for-the-six-months-ended-30-june-2026-management-discussion-and-analysis/151403/",4,{"url":52,"name":13,"@type":55,"author":56,"headline":13,"publisher":58,"fileFormat":61,"inLanguage":23,"description":14,"dateModified":62,"datePublished":62,"encodingFormat":61,"isAccessibleForFree":63,"interactionStatistic":64},"DigitalDocument",{"name":9,"@type":57},"Person",{"url":41,"name":59,"@type":60},"DocShare","Organization","application/pdf","2026-08-27",true,{"@type":65,"interactionType":66,"userInteractionCount":4},"InteractionCounter",{"@type":67},"ViewAction",{"@type":69,"mainEntity":70},"FAQPage",[71,77,81],{"name":72,"@type":73,"acceptedAnswer":74},"What were the main financial figures for the six months ended 30 June 2026?","Question",{"text":75,"@type":76},"Revenue was HK$186.1 million and gross profit was HK$107.5 million. The group recorded an operating loss of HK$26.7 million and a loss attributable to owners of HK$17.7 million.","Answer",{"name":78,"@type":73,"acceptedAnswer":79},"What drove the improvement in gross profit ratio in 2026 compared with 2025?",{"text":80,"@type":76},"A higher gross profit margin was primarily driven by reversals and refunds related to U.S. tariff provisions and slightly lower clearance costs for discontinuing products.",{"name":82,"@type":73,"acceptedAnswer":83},"How does management describe the outlook and planned brand activity for the second half of 2026?",{"text":84,"@type":76},"Management expects continued support from Power Rangers distribution and ongoing shipments of TMNT and MonsterVerse lines, with additional boosts from Fall brand launches and initial shipments for products tied to Godzilla x Kong: Supernova.","https://schema.org",{"og:url":52,"og:type":87,"og:title":13,"og:site_name":59,"og:description":14},"article",{"robots":89,"canonical":52},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":92},[93,97,101,105,110,115,120,122,127,130,134],{"id":20,"doc_module":4,"doc_module_name":46,"category_name":94,"show_sort_weight":95,"slug":96},"Story & Novel",90,"story-novel",{"id":47,"doc_module":4,"doc_module_name":46,"category_name":98,"show_sort_weight":99,"slug":100},"Literature",80,"literature",{"id":53,"doc_module":4,"doc_module_name":46,"category_name":102,"show_sort_weight":103,"slug":104},"Exam",70,"exam",{"id":106,"doc_module":4,"doc_module_name":46,"category_name":107,"show_sort_weight":108,"slug":109},5,"Comic",60,"comic",{"id":111,"doc_module":4,"doc_module_name":46,"category_name":112,"show_sort_weight":113,"slug":114},6,"Technology",50,"technology",{"id":116,"doc_module":4,"doc_module_name":46,"category_name":117,"show_sort_weight":118,"slug":119},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":46,"category_name":12,"show_sort_weight":29,"slug":121},"research-report",{"id":123,"doc_module":4,"doc_module_name":46,"category_name":124,"show_sort_weight":125,"slug":126},9,"Religion & Spirituality",20,"religion-spirituality",{"id":125,"doc_module":4,"doc_module_name":46,"category_name":128,"show_sort_weight":125,"slug":129},"World Cup","world-cup",{"id":131,"doc_module":4,"doc_module_name":46,"category_name":132,"show_sort_weight":131,"slug":133},10,"Lifestyle","lifestyle",{"id":135,"doc_module":4,"doc_module_name":46,"category_name":136,"show_sort_weight":106,"slug":137},19,"General","general"]