Games Workshop has estimated that its revenue for the 2024 financial year will not be any less than £490m, equating to a 10.1% increase year-on-year.

The British manufacturer of miniature wargames, which is based in Nottingham, added that it estimated that its licensing income will total £30m, an annual increase of £5m.

The group said that its profit before tax is predicted to be no less than £200m, a year-on-year increase of almost 17%.

In its trading update, the firm, which owns the Warhammer brand, said that it has paid £18m in profit share cash payments, compared to £11m in the 2023 financial year, and it has increased its dividend by 5 pence a share to 420 pence, equating to a £138m pay out.

Games Workshop confirmed that it will announce its financial results for the 53 weeks to 2 June on 30 July 2024.

Investment analyst at AJ Bell, Dan Coatsworth, said: “Games Workshop is like the quiet uncle at a family wedding. An entity of few words; when it does speak, any comment is to the point and without waffle.

“Its latest trading update contains just a handful of lines on sales and income, and clarity on dividends and staff rewards paid during the year. There is no insight into trading, no comment on new developments, and no guidance for future earnings.

“Under normal circumstances, shareholders would be livid about such treatment. But anyone invested in Games Workshop seems to be used the bluntness of its announcements and takes the view that no news is good news when it comes to details on the business.

“The numbers spoke for themselves, with profit expected to beat market expectations. Licensing income is really picking up, which is important to Games Workshop’s strategy of trying to sweat its assets and find more ways to commercially exploit its intellectual property.”

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