Games Workshop shares jumped after the fantasy model and media company said strong trading at the start of 2025 meant profits would be higher than previously thought.
Games Workshop released a short and sweet trading update on Wednesday, announcing that it saw full-year profit before tax ahead of expectations.
Shares were over 7% higher at the time of writing and had touched an all-time intraday high, before falling back.
The tabletop games company said trading in January and February had been strong across both its core business and its licensing business.
Games Workshop announced a licensing agreement with Amazon for the Warhammer brand to develop TV and film productions in late 2024, which promises to underpin the game’s popularity and provide an additional revenue stream. It’s unlikely this would have materially impacted trading in early 2025.
In the half-year results released in January, the company said that the ‘Warhammer hobby is in good shape’. It appears this continues to be the case.