REG - Frontier Developmnts - Trading Update - FY26 Revenue & Profit Upgraded

Frontier DevelopmentsAnnouncement

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RNS Number : 8583D  Frontier Developments PLC  12 May 2026

Frontier Developments plc

Trading Update

Revenue and Profit Upgraded

Frontier Developments plc (AIM: FDEV) ("Frontier", the "Group" or the
"Company"), a leading developer and publisher of video games based in
Cambridge, UK, today provides a trading update and upgraded guidance for the
12 months ending 31 May 2026 ("FY26").

The success of Jurassic World Evolution 3, combined with strong ongoing sales
across Frontier's other games, has increased the Board's expectations for FY26
revenue to approximately £103 million, above previous guidance. Cumulative
sales revenue for Jurassic World Evolution 3 is ahead of Jurassic World
Evolution 2 over an equivalent post‑launch period, including through the
release of new content. In the last month, delays beyond Frontier's control
have impacted the release of further content for the game. Frontier is working
hard to resolve these matters and return to its planned content roadmap.

The Board now expects FY26 Adjusted Operating Profit* of approximately £16
million, significantly ahead of previous guidance. This upgrade reflects
higher-than-anticipated tax credits following a transition from the Video
Games Tax Relief regime to Video Games Expenditure Credits, together with
stronger-than-expected revenue performance and continued cost discipline.

Frontier continues to be highly cash generative, with cash at the end of April
2026 growing to £44.9 million (31 May 2025: £42.5 million), despite an
investment of £15.4 million in share buyback programmes during the period.
The net cash increase of £2.4 million over the 11 months to date represents
an operating cash inflow of £17.8 million, excluding buybacks.

During the period, Frontier acquired 3,947,854 shares through two share
buyback programmes, resulting in a 10% reduction in total voting rights and a
corresponding 11% enhancement to earnings per share for FY27 and beyond.

A post‑year‑end trading update is expected to be provided on Wednesday 10
June 2026. Analysts and investors wishing to join a video call on the day
should contact IR@frontier.co.uk (mailto:IR@frontier.co.uk) .

Jo Cooke, Chief Executive Officer, commented:

"I am delighted with Frontier's performance in FY26. The success of Jurassic
World Evolution 3 and the enduring appeal of our games underline the
creativity of our teams and the depth of talent across the studio. Since
stepping into the CEO role earlier this year, I have been encouraged by the
strength of our established CMS portfolio and the clarity of our long‑term
strategy as we continue to build enduring relationships with our players."

* Adjusted Operating Profit is a non‑IFRS measure used by Frontier to assess
underlying financial performance. It excludes non‑cash development cost
accounting adjustments (capitalisation, amortisation, and impairment),
non‑cash share-based payment charges, non-operating items such as
restructuring costs, and recognises the full benefit of tax credits and
R&D expenditure credits in the period to which they relate.

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:

Sign up for e mail alerts at www.frontier.co.uk
(http://www.frontier.co.uk/investors) /investors
(http://www.frontier.co.uk/investors)

Frontier Developments

IR@frontier.co.uk (mailto:IR@frontier.co.uk)

+44 (0)1223 394300

 

Peel Hunt - Nomad and Corporate Broker

Neil Patel / Ben Cryer / Kate Bannatyne

+44 (0)20 7418 8900

 

About Frontier Developments plc

Frontier Developments plc is a leading independent developer and publisher of
video games, specialising in creative management simulation (CMS) experiences.
Headquartered in Cambridge, UK, Frontier develops and nurtures globally
successful game franchises, including core CMS franchises such as Planet
Coaster, Planet Zoo, and Jurassic World Evolution, using its proprietary COBRA
technology. The CMS genre underpins Frontier's strategy, which is driving
long-term and sustainable growth through strong player engagement, robust
back-catalogue performance, and an exciting pipeline of new games.

 

Frontier's LEI number: 213800B9LGPWUAZ9GX18.

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

 

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