Games Workshop HY profits to be no less than £135m

Games Workshop has revealed that it expects its profit before tax to be no less than £135m for the half year ended 30 November 2025, an increase from the £126.8m it posted in the same period last year.

The company had previously warned that Donald Trump’s tariff measures could wipe £12m off its profits.

Furthermore, the company stated that it expects its core revenues to be no less than £310m, up from £269.4m in the previous year.

Despite this, the business stated that it expects its licensing revenue to be around £16m, down from £30.1m.

As a result, the board has declared a dividend of £1.00 per share taking dividends declared so far in 2025/26 to £3.25 per share, up from £1.85 in the previous year, in line with the company’s dividend policy.

This will be paid on 28 January 2026 for shareholders on the register on 19 December 2025, with an ex-dividend date of 18 December 2025. The last date for elections for the dividend re-investment plan is 7 January 2026.

It said that further details will be announced in its half yearly report which will be released on 13 January 2026.

Games Workshop was promoted to the FTSE 100 last year, just under 50 years after the company was launched in 1975. The company operates about 570 stores globally selling Warhammer miniatures that people can collect, paint, and play games with.

Games Workshop also has licensing agreements with a number of partners which make video games based around the fantasy sci-fi universe.