Playmates (HKG:0635) recorded a revenue of HK$123 million in the first quarter, down from HK$261 million in the year-ago period, a Wednesday Hong Kong bourse filing said.
The real estate investor's pre-tax and property revaluation profit also fell to HK$14 million from HK$91 million a year prior.
The firm attributed the lower profit to the weak performance of its unit, Playmates Toys (HKG:0869).
In a separate filing. Playmates Toys said it recorded a pre-tax loss of HK$12 million in the three months, compared with a pre-tax profit of HK$65 million a year prior.
The toy company's revenue for the quarter also fell to HK$85 million from HK$221 million in the first quarter of 2025.
The muted performance by Playmates Toys was mainly due to a lower revenue; higher product development, tooling, and media production expenses; and a swing to net unrealized and realized loss from the company's treasury investment in listed equity securities.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.