Key insights
6 slides
Key number
Gross profit rose to £63.3 million in FY25.
Gross profit increased from £61.3 million in FY24. The gross margin improved to 70% from 69% in FY24.
What changed
Cash expenditure on CMS games represented 72% in FY25.
This was a significant increase from 58% in FY24. The report links this to a strategic refocus and reallocation of employees.
Portfolio update
Elite Dangerous saw 76% year-on-year revenue growth in FY25.
The long-standing space exploration title is outside the CMS portfolio. New content and increased player engagement supported the growth.
Governance change
Frontier will adopt Adjusted Operating Profit as its primary measure from FY26.
This replaces Adjusted EBITDA. The report states this provides a more accurate reflection of Group performance.
Asset disposal
Frontier sold the publishing rights for Stranded: Alien Dawn on April 1, 2025.
The sale resulted in the disposal of £5.84 million in accumulated cost. It also resulted in the disposal of £5.77 million in accumulated amortisation.
Staff feedback
The Employee Forum provided valuable feedback on the annual Staff Survey.
This feedback influenced the design of communication campaigns, game launch keepsakes, and employee events. It also influenced internal communications.
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Summary
ANNUAL REPORT AND ACCOUNTS 2025 ANNUAL REPORT AND ACCOUNTS 2025 Frontier is a leading independent developer and CONTENTS publisher of video games for PC and consoles, HEADLINES STRATEGIC REPORT creating immersive and fun gameplay with high See a summary of the headlines for FY25, 01 Headlines production values.
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