Goodbaby International Holdings Limited (Stock Code: 1086) released an announcement on 16 February 2026 stating that, based on the latest available unaudited management accounts, net profit for the year ended 31 December 2025 is expected to decrease by around 35% to 45% compared to the previous year’s net profit of approximately HKD356.20 million. The decline is mainly attributed to a slight drop in revenue that lowered gross profit, along with higher income tax resulting from an increase in profits in regions with higher tax rates and withholding tax on dividends. These factors were partially offset by improved net financial costs due to lower loan principals and lower interest rates. Final results remain subject to review and audit, and shareholders and potential investors are advised to exercise caution when dealing in the Company’s shares.