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GAW

Games Workshop

Leisure Goods

Index
FTSE 100
ISIN
Not specified
Book status
2026 edition — current
01

Company summary

Games Workshop designs, manufactures and sells the Warhammer range of tabletop miniature games. Its vertically integrated model combines miniature production, game rules, retail stores, online sales and intellectual-property licensing.

02

Key activities

Design and manufacture of miniatures, tabletop games and books; operation of Warhammer stores and websites; community events; and licensing of Warhammer intellectual property for video games and entertainment.

03

Key markets

A global hobby market led by North America, the UK and Continental Europe, with customers reached through company stores, independent retailers and direct online sales.

04

Key drivers

Warhammer customer growth, new miniature and game releases, pricing, store productivity, online sales, licensing income, manufacturing capacity and successful exploitation of intellectual property.

05

Key risks

Dependence on a small number of core franchises, product-release execution, consumer discretionary spending, manufacturing disruption, currency movements, IP licensing outcomes and maintaining hobby-community engagement.

06

Recent Developments

28 July 2026: Games Workshop released full-year results for the 52 weeks to 31 May and declared a further £1.40 dividend, taking dividends announced for 2026/27 to £2.30 per share.

07

Dividend notes

Pays frequent dividends from surplus cash rather than a fixed annual schedule. A 90p dividend went ex-dividend on 2 July 2026 and was paid on 7 August. A further £1.40 goes ex-dividend on 27 August and is due on 5 October.

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