Games Workshop, the maker of Warhammer, has estimated the group’s core revenue for the year will be no less than £626m.

This figure, for the year ending May 31, 2026, would mark at least a 10.6% increase on core revenues from its 2024/25 financial year. 

Licensing revenue, however, looks set to fall. The company said it would come in at “not less than £30m”, when last year it was £52.5m.

Adding those figures together to at least £655m would suggest that total revenue looks certain to be increasing year on year. The company posted revenues of £617.5m last year. 

Games Workshop added that it expected a slight increase in profit before taxation, estimating a result above £265m. The figure for last year was £262.8m. 

The company had warned last year that it did not expect licensing revenues to remain so elevated. The company signed a deal with Amazon in December 2024 to adapt Warhammer into films and TV.

Licensing income also includes revenue from video game adaptations, saying in its full-year results that 2024 release Space Marine 2 “set a new benchmark in terms of success for a Warhammer video game”.

The hobby and games company confirmed that it would publish its full annual report on July 28. 

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