Revenues up, but profits down at Games Workshop

Nottingham fantasy games manufacturer and retailer Games Workshop says it is “on the front foot” after revealing it half-yearly results for the six months to November 28 2021.

Revenues ticked up from £186.6m last year to £191.5m this time around, but profit before tax fell from £91.6m to £88.2m over the period.

Games Workshop has declared a dividend of 65p per share, payable on February 25 2022.

Kevin Rountree, CEO of Games Workshop, said: “We are on the front foot and confident in our ability to continue to deliver our strategy. Our commitment to focus on real cash returns and return on capital continues to deliver honest and consistent returns to our owners. We will continue to try our best. In the period reported, we have delivered just that.

“We have proven once again that the Warhammer hobby creates exciting experiences and allows people around the world to come together and have some fun. We continue to focus on making the best miniatures in the world and to document and deliver an exciting operational plan.

“I’m once again immensely proud of the global teams’ performance, the ongoing support of our customers and those unsung heroes that keep us safe and well, thank you.”