Trading update on close of financial year

Following the close of its 2018/19 financial year Games Workshop provides the following trading highlights:

Games Workshop is pleased to announce that the sales and profit growth, which was discussed in the trading update released on 12 April 2019, has continued in the period to the end of the financial year. Sales growth has been across all sales channels.

We expect the Group’s sales for the year to 2 June 2019 to be approximately £254 million and the Group’s profit before tax to be not less than £80 million. Royalties receivable from licensing are approximately £11 million. As in the prior year, in recognition of our staff’s contribution to these results, we paid during the year profit share bonuses amounting in total to £5 million. These were paid on an equal basis to each member of staff.

In accordance with our ongoing dividend policy of distributing truly surplus cash to shareholders when it becomes available, a dividend of 35 pence per share was paid to shareholders on 31 May 2019, bringing the total paid in the financial year up to £1.55 per share (2018: £1.26 per share).

We will provide detailed information on the audited results for the 2018/19 financial year at the time of our full year results announcement on 30 July 2019.