Warhammer Maker Defies Expectations with Stellar Performance
In a remarkable display of commercial strength, Games Workshop Group PLC, the creator of the iconic Warhammer tabletop game, has seen its stock price skyrocket. On Thursday, 20th November 2025, the company's shares experienced a dramatic surge, climbing by approximately 11% following an exceptionally positive trading update.
Robust Financial Forecasts Drive Investor Confidence
The Nottingham-based firm informed the market that it anticipates revenues for the six months ending in November to hit a minimum of £310 million. This represents a significant 15% increase compared to the £269 million it reported during the same period in 2024. The profit outlook is equally impressive, with pre-tax profits forecast to reach around £135 million, up from the previous year's £127 million.
This bullish forecast propelled Games Workshop to the top of the FTSE 100 index, a prestigious position for the company that was only promoted to the UK's premier share index last year. This achievement is a testament to its sustained growth, nearly five decades after its inception in a London flat in 1975 by founders Ian Livingstone, Steve Jackson, and John Peake.
Navigating Global Challenges with Strong Fundamentals
This performance is particularly notable given the company's previous warning that potential tariff plans under US President Donald Trump could negatively impact its profits by an estimated £12 million. While no further update on this specific issue was provided in the latest announcement, the company's overall robust health suggests it is well-positioned to manage such headwinds.
The firm's success is built on a global retail network of roughly 570 stores where enthusiasts purchase, collect, and paint intricate Warhammer miniatures. Beyond its physical products, the company has successfully expanded its fantasy sci-fi universe through lucrative licensing agreements, spawning a popular series of video games that have broadened its appeal and revenue streams.
This trading update confirms that Games Workshop has not only surpassed sales and profit forecasts but continues to be a surprise success story on the London Stock Exchange, demonstrating the powerful and enduring appeal of its niche gaming universe.
