Warhammer Reports Most Profitable Year
British investors are smiling over an upbeat report from Games Workshop’s fiscal year performance. The company had only good news for shareholders as it reported its best-performing year since it entered the stock market more than 29 years ago. According to the reports, the company saw a 13.5% increase above the 2022 fiscal year.
A review summary of the achievement is nothing but impressive. Here are the strong points.
- Games Workshop generated £470.8 million in revenue
- Over 13.5 percent growth.
- The operating profits reached over £170.2m with an increase of 8.3 percent.
- The company has a cash equivalent of 32.2 million euros as of 2023. Up from £30.4 million in 2022,
If you are wondering, cash equivalents refer to a class of assets that can be liquidated on the spot when required. Dividend paid per share rose to 415p up from 285p in 2022.
The company also boasted its current posture in the game market and pointed out its plans for the upcoming 2023-24 fiscal year. The company stated that it had the best sales and profit margins since it floated the market over 29 years ago, mentioning that it was now the lead miniature game developer in the world.
Games Workshop was careful to mention over 9 Warhammer games in development including Space Marine 2 and Realms of Ruins. With all this feather display, investors are guaranteed a brighter future with expansion in the air, after all nine games!
The gaming community can breathe a breath of fresh air as well. More games are coming- at least for the next fiscal year. This does not mean we are not expecting Space Marines 2 right now. They are aware of it and surely do not want to disappoint gamers that much.
Games Workshop has released many games this year including Darktide, Boltgun, and Tactics. However, the Warhammer franchise seems to be its largest and most profitable game.
