UK's Games Workshop's HY profit leaps with Warhammer popularity (updated)
14/01/2025 07:40
(Adds background throughout, cost increases in paragraph 4)
Jan 14 (Reuters) - British miniature wargames maker
Games Workshop GAW.L 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 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)
(Reporting by Yamini Kalia in Bengaluru; Editing by Sumana
Nandy)
((Yamini.Kalia@thomsonreuters.com;))