Updated Mar 17, 2026 by Games Workshop Group
Games Workshop achieved record financial performance for the 26-week period ending November 26, 2023, with revenue rising 9.3% to £247.7 million and profit before tax reaching £95.2 million.
Core business revenue grew 11%, driven by the launch of the latest Warhammer 40,000 core set and a 12.6% increase in trade sales.
Operational efficiency improved as core gross margins rose to 69.4% from 64.2%, aided by lower logistics costs and reduced inventory provisions.
Digital infrastructure investment of £10.8 million resulted in a 66% increase in active 'My Warhammer' users, totaling 576,000.
The company maintains a strong liquidity position with £111.3 million in cash equivalents, enabling a dividend distribution of 195p per share.
Licensing revenue declined to £12.1 million due to lower guarantee income, despite the company securing a landmark film and television development agreement with Amazon.
Basic earnings per share grew to 216.9p, even with an increased effective tax rate of 25% following UK statutory hikes.
Games Workshop achieved record financial performance for the 26-week period ending November 26, 2023, with revenue rising 9.3% to £247.7 million and profit before tax reaching £95.2 million.
Core business revenue grew 11%, driven by the launch of the latest Warhammer 40,000 core set and a 12.6% increase in trade sales.
Operational efficiency improved as core gross margins rose to 69.4% from 64.2%, aided by lower logistics costs and reduced inventory provisions.
Digital infrastructure investment of £10.8 million resulted in a 66% increase in active 'My Warhammer' users, totaling 576,000.
The company maintains a strong liquidity position with £111.3 million in cash equivalents, enabling a dividend distribution of 195p per share.
Licensing revenue declined to £12.1 million due to lower guarantee income, despite the company securing a landmark film and television development agreement with Amazon.
Basic earnings per share grew to 216.9p, even with an increased effective tax rate of 25% following UK statutory hikes.