Games Workshop Group PLC (LSE:GAW) seemingly justified its recent promotion to the FTSE 100 as profits soared by a third in what it said was its best-ever half-year performance.
Interim revenues to 1 December 2024 jumped 21% to just under £300 million with licensing revenue up 150% and helping profits climb 33% to £126.8 million.
Core sales in December we also said to be a record, rising by 12% and all channels said to be doing well.
Best known for its Warhammer series, the models' group recently signed a deal with Amazon for a TV and film series and excitement over this helped boost footfall at its shops.
Games Workshop added while cost increases are having a growing impact, it won’t see any financial impact from the Budget changes as it already pays staff above the living wage.
In 2025/26, however, there might be an element of third-party cost inflation, the statement cautioned.
Kevin Rountree, chief executive, said he was delighted with the first-half performance but was more cautious over the remainder of the year.
“We are awaiting confirmation, like everyone else, on the timing and magnitude of any US tariffs before we can confirm the impact on our net cash generation and other financial metrics.
“We are also facing constant cost inflation which we will continue to actively manage as part of the day job.”
Shares eased 2% to 12,940p.