Games Workshop revenue set to rise with profits flat

Games Workshop has flagged another year of growth, with the Warhammer maker estimating core revenue of not less than £625 million for the 52 weeks ending 31 May 2026, up from £565.0 million the previous year.

Licensing revenue is expected to be at least £30 million, down sharply from the £52.5 million recorded in 2024/25. The Company estimates profit before taxation of not less than £265 million, edging ahead of the £262.8 million reported last year.

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The figures point to continued strength in Games Workshop’s core business, with the fall in licensing income, often lumpy from year to year as deals are signed and recognised, the main drag on the wider profit growth picture.

Games Workshop has signed an agreement with Amazon for the production of films and television, which should boost revenue as they are delivered.

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