9 September 2026

Frontier Developments plc

FY26 FINANCIAL RESULTS – EVOLUTION AND GROWTH

A RECORD YEAR; AN EXCITING FUTURE

Frontier Developments plc (AIM: FDEV, ‘Frontier’, the ‘Company’, or the ‘Group’), a leading developer and publisher of video games based in Cambridge, UK, publishes its full-year results for the 12 months ended 31 May 2026 (‘FY26’).

FINANCIAL SUMMARY

	FY26 (12 months to 31 May 2026)	FY25 (12 months to 31 May 2025)	Change	Change %
Revenue	£104.8m	£90.6m	£14.2m	16%
Adjusted Operating Profit*	£21.4m	£13.2m	£8.2m	62%
Operating Profit	£25.0m	£12.7m	£12.3m	97%
Cash Balance at 31 May	£44.0m	£42.5m	£1.5m	4%
Basic EPS	74.6p	42.4p	32.2p	76%

* Adjusted Operating Profit is a non‑IFRS measure used by Frontier to assess underlying financial performance. It excludes non‑cash development cost accounting adjustments (capitalisation, amortisation and impairment), non‑cash share-based payment charges and non-operating items such as restructuring costs. The measure also excludes the impact of the IAS 20 recognition constraints applied to VGEC and RDEC, recognising the full value of credits earned from qualifying expenditure in the period to which they relate.

FRONTIER’S CREATIVE MANAGEMENT SIMULATION (CMS) STRATEGY DELIVERED RECORD FINANCIAL PERFORMANCE IN FY26

Revenue grew 16% to £104.8 million (FY25: £90.6 million), led by the success of Jurassic World Evolution 3, and the ongoing strength of the Planet Coaster and Planet Zoo franchises.
Adjusted Operating Profit* grew 62% to £21.4 million (FY25: £13.2 million), a Company record, through strong trading, disciplined cost control and higher tax and expenditure credits. Excluding a non-recurring £3.9 million gain from the sale of publishing rights in FY25, Adjusted Operating Profit* more than doubled year-on-year.
Operating profit increased 97% to £25.0 million (FY25: £12.7 million), reflecting strong underlying trading performance alongside a one-off transitional tax credit of £4.4 million.
Cash increased to £44.0 million at 31 May 2026 (31 May 2025: £42.5 million), despite investing £17.5 million in Frontier shares during the year. Excluding this investment, cash increased by a record £19.0 million (FY25: £13.0 million).
Basic EPS increased 76% to 74.6p per share (FY25: 42.4p per share), driven by strong profit growth, while the £15.5 million invested in share buyback programmes delivered a 10% reduction in total voting rights and a corresponding 11% enhancement to EPS for FY27 and beyond.
Cash at 31 August 2026 of £51.4 million; Board announced a £5.0 million special dividend (14.1p per share) payable on 9 October 2026.

A STRONG ROADMAP OF NEW CONTENT AND NEW CMS GAMES IS EXPECTED TO DELIVER FURTHER SUCCESS

FY27: Planet Zoo 2 is scheduled for release on 13 October 2026 and Warhammer 40,000: Chaos Gate – Deathwatch is scheduled for release before the end of FY27.
FY28: a new own-IP CMS game establishing a further Planet franchise is in full development and is on track.
FY29 and beyond: creating and nurturing high-quality and sustainable evergreen game franchises, with an average release cadence of one new CMS game per year.
As announced on 3 September 2026, we further strengthened our long-term development roadmap through an agreement with Disney to develop and publish a new game which will draw on Disney's iconic portfolio of IP.
Having achieved record financial performance in FY26, the Board is confident in delivering FY27 in line with expectations through nurturing and expanding our genre-leading CMS franchises.

NEW LEADERSHIP TO DRIVE THE NEXT PHASE OF GROWTH

An Executive Board was established in June 2025, to lead the next stage in Frontier’s evolution.
Jo Cooke stepped-up to Chief Executive Officer, from Chief Marketing Officer, on 1 January 2026, following the departure of Jonny Watts.
Dan Lazarides appointed Chief Marketing Officer on 1 August 2026.
David Braben will transition to a Non-Executive Director position on 1 October 2026 while retaining his President and Founder role.

Jo Cooke, Chief Executive Officer, said:

“FY26 was a landmark year for Frontier. We delivered record financial performance, demonstrated the strength of our CMS strategy, and continued to invest in the world-class franchises our players love, supporting vibrant communities and long-term engagement across our portfolio. With a strong balance sheet, a talented team, and an exciting roadmap ahead, we are well positioned to deliver sustainable growth, enduring player value, and long-term returns for our stakeholders.”

David Braben, President and Founder, said:

“I am immensely proud of what our talented teams have achieved together since I founded Frontier in 1994, and excited about the opportunities ahead. I have tremendous confidence in Jo as CEO to build on Frontier's strong foundations and deliver long-term success, together with the excellent leadership team. This transition allows me to concentrate on what I can do to help that journey, including oversight of our games, and I look forward to continuing to support Frontier and Jo in the years to come.”

Enquiries:

Analysts and investors wishing to join today's 9.30am video call should contact IR@frontier.co.uk.

Subscribe to our investor newsletter at www.frontier.co.uk/investors

Frontier Developments

IR@frontier.co.uk

+44 (0)1223 394 300

Peel Hunt – Nomad and Corporate Broker

Neil Patel / Ben Cryer / Kate Bannatyne

+44 (0)20 7418 8900

About Frontier Developments plc

Frontier Developments plc is a leading independent developer and publisher of video games, specialising in creative management simulation (CMS) experiences. Headquartered in Cambridge, UK, Frontier develops and nurtures globally successful game franchises, including core CMS franchises such as Planet Coaster, Planet Zoo, and Jurassic World Evolution, using its proprietary COBRA technology. The CMS genre underpins Frontier’s strategy, which is driving long-term and sustainable growth through strong player engagement, robust back-catalogue performance, and an exciting pipeline of new games.

Frontier's LEI number: 213800B9LGPWUAZ9GX18.

www.frontier.co.uk

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