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Games Workshop Group PLC on Tuesday raised its interim dividend and reported a rise in profit, despite a hit from tariffs. The Nottingham, England-based fantasy game figurine maker and retailer said it incurred a roughly £6.0 million hit from US tariff changes but noted the impact on its gross margin was ‘more than offset by efficiencies’ and price hikes of around 3.5% on its miniatures and books. It also noted ‘more stable commodity prices and lower stock write offs’. ‘Our work is not done - this will remain a key area of focus,’ Games Workshop said. Its gross margin in the half-year ended November 30 improved to 69.4% from 67.5% a year prior, shaking off the 1.8 percentage point hit stemming from tariffs. Pretax profit improved 11% to £140.8 million from £126.8 million a year prior, on revenue that climbed at the same pace to £332.1 million from £299.5 million. ‘I’m delighted to report a record half-year performance. A huge thank you to our staff, customers, trade accounts and broader stakeholders for their ongoing support,’ Chief Executive Officer Kevin Rountree said. Games Workshop lifted its interim dividend by 22% to 225 pence per share from 185p. Games Workshop said the period saw licensing partners launch the Dawn of War - Definitive Edition and Space Marine - Master Crafted Edition video games. Elsewhere, it said a ‘live action endeavour is still in development’ with Amazon MGM Studios. ‘It is the nature of these things to take several years, and while we wish we could tie down a release the way we can with our core business, the reality is that, as with any licensing deal, delivery is not in our control. We leave it to our partners to manage their own businesses,’ Games Workshop said. Shares in the company fell 2.0% to 18,490.00p each in London on Tuesday morning, the worst FTSE 100 performer. The stock is up around 40% over the past 12 months, however. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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