Games Workshop hails record full year as core business performs well.

Source: Sharecast

In the year to the end of May, pre-tax profit rose to £275.7m from £262.8m the year before, on revenue of £659.7m, up from £617.5m. Core revenue increased 10.9% to £626.8m but licensing revenue declined - as expected following the launch of Space Marine 2 in the prior year - to £32.9m from £52.5m.

The dividend per share was cut to 485p from 520p.

The Warhammer maker also said it had paid around £12m in new US tariffs during the year. However, following the Supreme Court’s ruling, it reclaimed £7.8m for the period to February 2026. Currently, the company expects to pay around £13m of new US tariffs in 2026/27.

Chief executive Kevin Rountree said: "Games Workshop and the Warhammer hobby are in great shape.

"We delivered group revenue and profit before tax at record levels thanks to another good performance from the core business.

"After a record year, we remain customer focused and look forward to building on the progress we have made. I thank all of our customers together with our staff, trade accounts, our licensing partners and broader stakeholders for their ongoing support. Exciting times."

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