Games Workshop (LSE: GAW) shares jumped 6% on Tuesday morning after the maker of Warhammer figurines reported record annual results and signalled further momentum behind its long-term strategy.
Profit before tax rose 29% to £262.8 million in the year to June 1, while revenue climbed 17% to £617.5 million.
The company credited strong product demand and a surge in interest around its IP, helped in part by the 2024 release of Space Marine 2. The video game, along with related content, sparked a noticeable increase in store footfall and product sales.
Beyond the headline numbers, Games Workshop pointed to progress on its core priorities, expanding its customer base, improving staff training, and advancing its push to licence intellectual property across new channels, including video games and media.
The total dividend for the year rose to £5.20 per share, a 24% increase, reinforcing the company’s confidence in its financial footing. Shares in Games Workshop are now up 57% over the past 12 months. The stock joined the FTSE 100 index in December, a landmark moment for a company long supported by a fiercely loyal community of hobbyists.
Management struck a grounded tone, emphasising that continued innovation, operational execution, and respect for its customers remain critical as the business scales. For now, the mix of profit, growth, and cult fandom looks hard to beat.