Toy maker Matrix Holdings returns to profit on U.S. OEM demand

Matrix Holdings

25/08/2026 13:51

Overview
Hong Kong toy maker's half-year revenue rose 28.2% yr/yr to HK$305.2 mln
Net income attributable to shareholders reached HK$4.9 mln, reversing a prior-year loss
Gross profit improved as cost of sales rose slower than revenue

Outlook
Company did not provide specific financial guidance for the current or future periods

Result Drivers
U.S. OEM DEMAND – Revenue rose 28.2% to HK$305.2 mln, driven by a new major customer, sustained U.S. demand, new products and improved sales channels
 COST-SAVING MEASURES – Lower headcount, automation and cost-saving initiatives reduced selling costs 15.4% and administrative expenses 11.1%
FOREIGN-EXCHANGE SWING – Other gains and losses shifted to a HK$1.7 mln loss from a HK$25.5 mln gain, reflecting a current-period exchange loss versus prior-year FX and disposal gains

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
HK$305.20 mln
 
H1 Net Income Attributable
 
HK$4.90 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)