REG - Frontier Developmnts - FY25 Update and Notice of Trading Update

Frontier DevelopmentsAnnouncement

28/05/2025 07:00

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RNS Number : 3030K  Frontier Developments PLC  28 May 2025

28 May 2025

Frontier Developments plc

 FY25 Update and Notice of Trading Update

Frontier Developments plc (AIM: FDEV, 'Frontier', the 'Company', or the
'Group'), a leading developer and publisher of video games based in Cambridge,
UK, is pleased to announce an update on trading for the 12 months ending 31
May 2025 ('FY25').

Trading

Revenue for FY25 is expected to be approximately £90 million (FY24: £89.3
million), which is ahead of expectations(1) through strong performances across
Frontier's game portfolio.

The better-than-expected revenue performance, further boosted with a gain of
£3.5 million on the sale of the publishing rights for the Foundry game
Stranded: Alien Dawn (which is not accounted for as revenue), will deliver
stronger-than-expected profitability in FY25 and a higher-than-expected cash
position.

Notice of Trading Update

The Company will provide further information on FY25 and current trading in a
Trading Update on Wednesday 11 June 2025. The Company expects to hold a video
call for analysts and institutional investors at 09.30am on the morning of the
update.

1 The range of analysts' expectations for FY25 revenue is currently £85
million to £89 million

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit)
Regulations 2019. The person responsible for making this announcement on
behalf of the Company is Alex Bevis.

Enquiries:

Frontier
Developments
+44 (0)1223 394 300

Jonny Watts, CEO

Alex Bevis,
CFO

 

Peel Hunt - Nomad and Joint Corporate
Broker                              +44 (0)20
7418 8900

Neil Patel / Ben Cryer / Kate
Bannatyne

 

Panmure Liberum - Joint Corporate
Broker                                     +44
(0)20 3100 2000

Max Jones / Nikhil Varghese

 

Teneo
 
+44 (0)20 7353 4200

Matt Low / Arthur Rogers

 

About Frontier Developments plc

Frontier is a leading independent developer and publisher of video games
founded in 1994 by David Braben, co-author of the iconic Elite game. Based in
Cambridge, Frontier uses its proprietary COBRA game development technology to
create innovative genre-leading games, primarily for personal computers and
video game consoles.

Frontier's LEI number: 213800B9LGPWUAZ9GX18.

www.frontier.co.uk (http://www.frontier.co.uk/)

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