Half-Yearly Report: 26 Weeks to 26 November 2023

Key insights

7 takeaways · ~3 min read

01
Games Workshop Group PLC reported record half-yearly revenue of £247.7m (up from £226.6m in the prior period) and profit before taxation of £95.2m (up from £83.6m) for the 26 weeks to 26 November 2023.See it on page 1
02
Core revenue grew by 11.0% to £235.6m, with growth across Retail (+12.3%), Trade (+12.6%), and Online (+4.9%).See it on page 16
03
Core gross margin increased significantly from 64.2% to 69.4%, primarily due to reduced inventory provision charges and lower carriage costs.See it on page 4
04
Dividends per share declared and paid in the period increased to 195p, up from 165p in the previous comparable period.See it on page 17
05
The company's cash and cash equivalents increased to £111.3m as of 26 November 2023, up from £90.2m at 28 May 2023.See it on page 4
06
Licensing revenue decreased to £12.1m from £14.3m, and licensing operating profit also saw a decline to £11.1m from £12.9m.See it on page 5
07
Customer engagement platforms show strong growth: My Warhammer active users increased by 66% to 576,000, and Warhammer+ subscribers grew to 169,000 from 115,000.See it on page 7

Summary

Games Workshop Group PLC (‘Games Workshop’ or the ‘Group’) announces its half-yearly results for the 26 week period to 26 November 2023. 26 weeks to 26 weeks to 26 November 2023 27 November 2022 Core revenue £235.6m £212.3m Licensing revenue £12.1m £14.3m Revenue ...