Games Workshop profits grow as momentum builds.

Games Workshop has reported robust growth in sales and profits for the 53 weeks ended 2nd June 2024.

It was another year of growth for investors, who have now enjoyed top-line growth in every year since 2017.

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The table-top gaming miniatures company estimates its core revenue reached at least £490 million, an increase of £45 million or over 10% compared to £445 million the previous year.

Licensing income also improved, rising £5 million to £30 million and investors will look forward to developments in the recently announced licensing agreement with Amazon.

The firm’s pre-tax profits are projected to be no less than £200 million, reflecting a £29 million or 17% increase from the £171 million recorded in 2022/23. Contributing to the profit growth, the group paid out £18 million in equal cash bonuses to staff during the year to recognise their contribution, up £7 million on the prior year’s £11 million profit share.

Shareholders likewise benefited from the enhanced profitability. Dividends declared and paid rose to £138 million or 420 pence per share, compared to £136 million at 415 pence per share last year.

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Games Workshop intends to publish its full Annual Report for the 2024 financial year on 30th July 2024.

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