UK's Games Workshop's HY profit leaps with Warhammer popularity
Jan 14 (Reuters) - British miniature wargames maker Games Workshop (GAW.L), opens new tab on Tuesday reported a 33.4% surge in half-year profit, helped by robust demand for its popular Warhammer series.
Games Workshop recently finalised a deal with Amazon (AMZN.O), opens new tab to turn the Warhammer 40k universe into films and TV series, a new profit-driving avenue for the company. Former Superman actor Henry Cavill will reportedly star in and produce the untitled series.
The recently promoted FTSE 100 firm logged 126.1 million pounds ($154 million) in operating profit for the six months ended Dec. 1, 2024, versus 94.5 million pounds an year ago.
While the Nottingham-headquartered firm said cost increases after the October 2024 budget will not impact its financial performance, it may, however, drive third party input costs in 2025-2026.
Games Workshop sells its expensive and fantastical miniature figurines of medieval fantasy-themed wargames via direct sales and third-party retail shops.
($1 = 0.8181 pounds)
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