Frontier Developments upgrades outlook following strong interim trading
Frontier Developments PLC on Wednesday said it is in ‘excellent shape’ to build on its foundations, as it posted strong interim profit growth.
The Cambridge, England-based video game developer and publisher reported £8.0 million in pretax profit for the six months that ended November 30, rising 82% from £4.4 million a year earlier.
Driving this advance was a 26% top line gain, as revenue grew to £59.6 million from £47.3 million. The company noted that revenue from creative management simulation games grew 52%, delivering 90% of total revenue during the interim period.
This is up from 75% contributed a year prior.
Frontier Developments attributed the top line advance to the ‘outstanding performance’ of Jurassic World Evolution 3, with this supported by continued sales in its other games.
Administrative expenses grew 18% to £8.3 million from £7.0 million, while sales and marketing expenses edged 3.3% lower to £4.9 million.
Looking ahead, the company upgraded its full-year outlook to revenue of around £100 million and adjusted operating profit of around £11 million.
In financial 2025, these figures were £90.6 million and £13.2 million respectively.
Shares in Frontier Developments rose 2.9% to 483.00 pence on Wednesday afternoon in London.
‘As we look ahead, Frontier is in an excellent shape to build on the strong foundations established in recent years. I again want to thank Jonny for his leadership and the pivotal role he played in shaping our strategy and restoring growth,’ said Chief Executive Jo Cooke.
Jonny Watts formally stepped down as CEO on January 1, with Cooke, previously chief marketing officer, assuming the role on the same date.
‘Jonny’s efforts have left the business and our CMS-focused roadmap in a fantastic place for the future. With a talented team and a robust pipeline of exciting new games and additional content for existing games, we remain committed to this strategy, listening to our players and delivering exceptional experiences to them and long-term value for our shareholders,’ continued Cooke.
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