Frontier plans to release three self-published CMS (Creative Management Simulation) games in the next three consecutive financial years: Planet Coaster 2 in autumn 2024 (FY25), a new Jurassic World game in FY26, and a third unannounced CMS game in FY27.
02
Frontier reported a loss before taxation of £28.425 million for the 12 months ending May 31, 2024, an increase from £26.509 million in the previous year.
03
Net cashflows from operating activities decreased to £31.625 million in FY24 from £47.875 million in FY23, while net cashflows used in investing activities improved to (£27.868 million) from (£52.310 million).
04
The company incurred £1.4 million in costs from an Organizational Review in FY24, primarily due to redundancy costs, compared to £nil in FY23.
05
Frontier's total unrecognised tax losses increased to £109.5 million at May 31, 2024, from £80.2 million at May 31, 2023, with these losses having no expiry date.
06
The impairment of other intangible assets was £16.930 million in FY24, down from £18.117 million in FY23, and the net book value of intangible assets decreased to £42.7 million from £64.1 million.
07
The CEO, Jonny Watts, has a base salary of £320,000, while the President and Founder, David Braben, and the CFO, Alex Bevis, each have base salaries of £248,000.
Insights
01
Frontier plans to release three self-published CMS (Creative Management Simulation) games in the next three consecutive financial years: Planet Coaster 2 in autumn 2024 (FY25), a new Jurassic World game in FY26, and a third unannounced CMS game in FY27.
02
Frontier reported a loss before taxation of £28.425 million for the 12 months ending May 31, 2024, an increase from £26.509 million in the previous year.
03
Net cashflows from operating activities decreased to £31.625 million in FY24 from £47.875 million in FY23, while net cashflows used in investing activities improved to (£27.868 million) from (£52.310 million).
04
The company incurred £1.4 million in costs from an Organizational Review in FY24, primarily due to redundancy costs, compared to £nil in FY23.
05
Frontier's total unrecognised tax losses increased to £109.5 million at May 31, 2024, from £80.2 million at May 31, 2023, with these losses having no expiry date.
06
The impairment of other intangible assets was £16.930 million in FY24, down from £18.117 million in FY23, and the net book value of intangible assets decreased to £42.7 million from £64.1 million.
07
The CEO, Jonny Watts, has a base salary of £320,000, while the President and Founder, David Braben, and the CFO, Alex Bevis, each have base salaries of £248,000.