Frontier Developments (FDEV) Trading update summary

Upgraded financial guidance

• FY26 revenue now expected at approximately £103 million, surpassing previous forecasts.

• Adjusted operating profit for FY26 upgraded to about £16 million, reflecting higher tax credits and strong revenue.

• Cash balance at end of April 2026 reached £44.9 million, up from £42.5 million the previous year.

Operational highlights

• Jurassic World Evolution 3 outperformed its predecessor in cumulative sales over the equivalent post-launch period.

• Delays outside company control affected new content releases for Jurassic World Evolution 3, but efforts are underway to return to the planned roadmap.

Capital allocation and shareholder returns

• £15.4 million invested in share buybacks, acquiring 3,947,854 shares and reducing total voting rights by 10%.

• Share buybacks are expected to enhance earnings per share by 11% for FY27 and beyond.