Spin Master Corp · TSX:TOY
Spin Master — Q3 2025 Earnings Presentation
21 slides from Spin Master's earnings presentation, Oct 30, 2025
Slide 1: Q3 2025 Supplemental Information
Q3 2025 Supplemental Information
Slide 2: Disclaimer
Disclaimer This presentation of Spin Master Corp. (“Spin Master” or “the Company”) contains certain statements, other than statements of historical fact, which constitute “forward-looking information” within the meaning of applicable securities laws, including the Securities Act (Ontario). Such stat
Slide 3: Reimagining Everyday Play
Reimagining Everyday Play Leading Global Children’s Entertainment Company with a Diversified Multi-platform Portfolio. TOYS ENTERTAINMENT DIGITAL GAMES VISION Be a global leader in Be a leading global Create exceptional Toys by creating play creator of children’s digital play experiences that spark
Slide 4: Three Creative Centres
Three Creative Centres Toys Entertainment Spin Master Entertainment creates With distribution in over 100 countries, Spin Master is best known for and produces compelling award-winning brands PAW Patrol®, Bakugan®, Kinetic Sand®, Melissa & multiplatform content, through its Doug®, Rubik’s Cube® and
Slide 5: Highlights
Q3 2025 YTD 2025 Revenue $734.7M $1,494.7M Operating Income $151.0M $76.5M Adjusted EBITDA1 $195.5M $245.8M 2025 Adjusted EBITDA Margin1 26.6% 16.4% Q3 & YTD Adjusted Operating Income1 $162.4M $155.6M Highlights Adjusted Operating Margin1 22.1% 10.4% Net Income $106.8M $35.8M Adjusted Net Income1 $1
Slide 6: Toy Gross Product Sales and Revenue by Creative Centre Q3 2025 vs. Q3 2024
Toy Gross Product Sales1 and Revenue by Creative Centre Q3 2025 vs. Q3 2024 Toys Toys Spin Master -19.5% -19.8% as reported as reported -17.0% as reported -20.3% -20.4% in constant currency1 in constant currency1 Q3 2025 -17.7% in constant currency1 922.7 Q3 2024 810.9 742.7 US$ millions 650.4 Enter
Slide 7: Toy Gross Product Sales and Revenue by Creative Centre YTD 2025 vs. YTD 2024
Toy Gross Product Sales1 and Revenue by Creative Centre YTD 2025 vs. YTD 2024 Toys Toys Spin Master -9.2% -9.6% as reported as reported -7.4% as reported -9.5% -9.8% in constant currency1 in constant currency1 YTD 2025 -7.7% YTD 2024 in constant currency1 1,571.5 1,427.4 1,613.9 1,378.2 1,494.7 US$
Slide 8: Gross Profit and Gross Margin
Gross Profit and Gross Margin Gross Profit ($) Gross Margin1 (%) +300bps +350bps +60bps -70bps as as as as reported reported reported reported 892 825 Q3 2025 YTD 2025 Q3 2025 YTD 2025 816 816 56.0 56.0 55.4 55.3 54.6 54.6 469 491 411 411 53.0 51.1 Q3 Q3 YTD YTD Q3 Q3 YTD YTD Q3 Q3 YTD YTD Q3 Q3 YTD
Slide 9: Gross Profit and Gross Margin
Gross Profit and Gross Margin (in US$ millions) (in US$ millions) Q3 Q3 % Change YTD YTD % Change 2025 2024 as reported 2025 2024 as reported Selling, General and Administrative Expenses 240.1 247.0 (2.8%) 656.4 645.0 1.8% (“SG&A”) Adjusted SG&A1 233.8 230.5 1.4% 616.5 591.6 4.2% Depreciation and am
Slide 10: Key Balance Sheet Metrics
Key Balance Sheet Metrics (in US$ millions) Sep 30, Sep 30, Dec 31, Sep 30, 2025 2025 2024 2024 Cash 127.9 114.2 233.5 Trade receivables, net 574.0 643.5 499.4 Net Leverage4: 1.2x Other receivables1 63.9 56.5 54.9 Inventories, net 244.4 264.2 184.7 Net working capital2 386.5 445.9 311.5 Loans and Bo
Slide 11: Key Cash Flow Metrics
Key Cash Flow Metrics (in US$ millions) YTD YTD 2025 2024 Capital Allocation Net changes in non-cash working capital (49.2) (101.9) YTD 2025, repurchased and cancelled subordinate voting shares: ~$40M Net cash from operating activities 113.5 124.6 (2,276,093 shares) Capital expenditures1 (117.9) (85
Slide 12: Toys Highlights
2025 Q3 2025 YTD 2025 Q3 & YTD Toys Toy Gross Product Sales1 $742.7M $1,427.4M Highlights Toy Revenue $650.4M $1,246.4M Toys Operating Income $128.8M $38.5M Toys Operating Margin 19.8% 3.1% Toys Adjusted EBITDA1 $156.4M $135.2M Toys Adjusted EBITDA Margin1 24.0% 10.8% 1. Non-GAAP financial measure o
Slide 13: Toy Gross Product Sales $742.7M
Toy Gross Product Sales1 Q3 2025vs. Q1 2025 vs.Q1Q3 2024 2024 Toy Gross Product Sales1 decreased by 19.5% to $742.7M Preschool, Outdoor Wheels & Action Activities, Games Infant & Toddler & Puzzles and Dolls and Plush & Interactive -23.2% -47.4% +10.0% -28.4% 1. Non-GAAP financial measure or ratio. T
Slide 14: Toy Gross Product Sales $1,427.4M
Toy Gross Product Sales1 YTD 2025 vs. YTD 2024 Toy Gross Product Sales1 decreased by 9.2% to $1,427.4M Preschool, Outdoor Wheels & Action Activities, Games Infant & Toddler & Puzzles and Dolls and Plush & Interactive -9.1% +9.4% +20.1% -26.3% 1. Non-GAAP financial measure or ratio. The composition,
Slide 15: Spin Master Point-of-Sale (POS) Metrics
Spin Master Point-of-Sale1 ("POS") Metrics TAM $POS Change YoY – Q3 & YTD 20252 Q3 2025 YTD 2025 0.0% -1.2% -1.3% -2.6% Spin Master Rest of Spin Master Rest of Industry Industry 1. Point-of-Sale represents the value of retail sales, as measured at the point where the customer is purchasing and sales
Slide 16: Entertainment Highlights
2025 Q3 & YTD Entertainment Highlights Q3 2025 YTD 2025 Entertainment Revenue $32.8M $102.7M v Entertainment Operating Income $11.9M $53.5M Entertainment Adjusted Operating Income1 $12.2M $56.0M Entertainment Operating Margin 36.3% 52.1% Entertainment Adjusted Operating Margin1 37.2% 54.5% 1. Non-GA
Slide 17: Delivering Family Entertainment Franchises
Delivering Family Entertainment Franchises
Slide 18: Digital Games Highlights
2025 Q3 & YTD Digital Games Highlights Q3 2025 YTD 2025 Digital Games Revenue $51.5M $145.6M v Digital Games Operating Income $15.9M $8.6M Digital Games Adjusted Operating Income1 $17.3M $34.5M Digital Games Operating Margin 30.9% 5.9% Digital Games Adjusted Operating Margin1 33.6% 23.7% 1. Non-GAAP
Slide 19: Monthly Active Users (MAU)
Monthly Active Users1 ("MAU") Active Subscriptions2 Ages In App 6+ Purchase Total Subscriptions Average MAU Ending MAU Q3 2025 Q3 2025 Q3 2025 ~51M ~46M ~ 453k3 +4% vs. 434k Q3 2024 -12% (~7M users) -10% (~5M users) vs Q3 2024 vs Q3 2024 Ages Subscription 2-5 1. Monthly Active Users (MAU) represents
Slide 20: Tariff Mitigation Strategies
Tariff Mitigation Strategies Procurement Supply Chain Move more production for the Manage inventory globally U.S. market out of China for the by moving non-tariffed inventory second half of 2025 and beyond. from other regions to meet U.S. demand. Implement different shipping methodologies to minimiz
Slide 21: CSR at Spin Master
CSR at Spin Master Our Environment Our Product CSR Vision We are committed to minimizing As a leading children’s Reimagining Everyday Play the impact of our operations on the entertainment company, we are planet to ensure we help protect committed to producing safe, high- for Future Generations the