Annual Report and Accounts 2023

Key insights

7 takeaways · ~3 min read

01
Frontier Developments PLC acquired Complex Games, developers of Warhammer 40,000: Chaos Gate – Daemonhunters, in November 2022, gaining expertise in turn-based strategy games.See it on page 15
02
The company's gross research and development spend increased to £52.9 million in FY23, up from £47.5 million in FY22.See it on page 20
03
Planet Zoo, released in 2019, is on its 15th PDLC pack (Oceania Pack, due September 2023) and supports animal conservation initiatives with partners like Edinburgh Zoo and San Diego Wildlife Alliance.See it on page 18
04
Adjusted EBITDA (loss)/profit for FY23 was (£4,595k), a decrease from (£6,677k) in FY22.See it on page 22
05
From FY24, the company will amortize other intangible assets more rapidly in the first 12 months post-release, which may negatively impact reported operating profit short-term but not Adjusted EBITDA.See it on page 67
06
The company's total cash and cash equivalents decreased from £38,699k in FY22 to £28,311k in FY23.See it on page 21
07
The company is authorized to purchase up to 3,947,854 of its own Ordinary Shares, representing approximately 10% of its issued ordinary share capital.See it on page 92

Summary

FRONTIER REALMS ANNUAL REPORT AND ACCOUNTS 2023 GROWING AND EVOLVING ANNUAL REPORT HEADLINES CONTENTS Frontier is a leading independent developer and publisher of video games See a summary of our progress in FY23 including 01 Headlines founded in 1994 by David Braben, co-author of the iconic Elite game.