Frontier Developments AIM:FDEV
- Founded
- 1994 · Cambridge, England
- Incorporated
- United Kingdom
- Chief executive
- Jo Cooke
- Employees
- 678
- Reports in
- GBP
- Companies House
- 02892559
Cambridge video games developer and publisher of creative management and simulation titles including Elite Dangerous, Planet Coaster, Planet Zoo and Jurassic World Evolution. Self-publishes its own IP alongside licensed franchises; results are driven by the release cadence of major titles.
Read straight from the annual reports
573p at close on 2 Oct 2026 · 13 reported years, 2014–2026
| Line | FY201405/14 | FY201505/15 | FY201605/16 | FY201705/17 | FY201805/18 | FY201905/19 | FY202005/20 | FY202105/21 | FY202205/22 | FY202305/23 | FY202405/24 | FY202505/25 | FY202605/26 | FY2027unreported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | vs 114.1 | |||||||||||||
| Gross profit | vs 20.6 | |||||||||||||
| Operating profit | ||||||||||||||
| Adjusted operating profit | — | — | — | — | — | — | — | — | ||||||
| Exceptional items | — | — | — | — | — | — | — | — | — | — | ||||
| Net finance cost | ||||||||||||||
| Profit before tax | ||||||||||||||
| Tax charge | later 1.7 | |||||||||||||
| Profit for the year | later 18.0 | |||||||||||||
| EBITDA | ||||||||||||||
| Basic EPS | ||||||||||||||
| Diluted EPS | ||||||||||||||
| Adjusted EPS | — | — | — | — | — | — | — | — | — | — | ||||
| Dividend per share | — | — | — | — | — | — | — | — | — | — | — |
GBP millions, negatives in brackets. Per-share lines in pence, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.
13 years, at a glance
Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo.
Jurassic World Evolution 3 launch (21 Oct 2025)
Revenue grew 16% to £104.8m, led by the success of Jurassic World Evolution 3 and ongoing strength of Planet Coaster and Planet Zoo
page 3Nurture-model PDLC/DLC revenue on established franchises
Planet Zoo cumulative revenue over £160m with PDLC representing 45% of total lifetime revenue; Planet Coaster cumulative £136m; Elite Dangerous continues sustainable growth via Operations update
page 16Gross margin decline to 67% (FY25: 70%)
Higher IP royalties and increased physical disc distribution activity following the launch of Jurassic World Evolution 3
page 10Lower R&D capitalisation rate (66% of cash spend vs 72% prior year)
Reflects investment in the early stages of a new own-IP Planet franchise for FY28 which did not meet IAS 38 capitalisation criteria during FY26
page 10Planet Zoo 2 is scheduled for release on 13 October 2026 and Warhammer 40,000: Chaos Gate – Deathwatch is scheduled before the end of FY27; FY28 sees a new own-IP CMS franchise in full development; FY29 and beyond targets an average release cadence of one new CMS game per year
page 3On 11 August 2026 the Company cancelled 3,947,854 treasury ordinary shares; total voting rights reduced to 35,530,681 with no impact on FY26 net assets or income statement
page 77No historical ongoing dividend; Board announced a special dividend of £5.0m (14.1p per share) following FY26 buyback execution and strong balance sheet, payable 9 October 2026 (ex-div 17 Sept 2026, record date 18 Sept 2026). Capital allocation policy prioritises investment in the business, maintaining a strong balance sheet, and returning surplus capital to shareholders where appropriate
page 11Financial statements prepared on a going concern basis for the period to 30 September 2027, supported by cash and cash equivalent resources of £44.0m at 31 May 2026 (£51.4m at 31 August 2026) and stress-tested downside scenarios. Auditor Ernst & Young LLP issued an unqualified/unmodified opinion with three key audit matters: revenue recognition (£104.8m), capitalisation of internally generated development costs (£26.3m), and recognition of expenditure and taxation credits (£21.0m). Group materiality was £1.0 million (5.0% of adjusted profit before tax)
page 44- Market competition and demand — increasingly crowded market for player attention/spend, rising player expectations raising the threshold for commercial successp.24
- Platform dependence — reliance on a limited number of distribution/monetisation platforms subject to changing commercial terms and policiesp.24
- Disruptive technology (including AI) — pace of technological change may impact competitiveness and delivery efficiencyp.24
- Portfolio balance — risk of poor title selection/sequencing reducing resilience given lengthening development cyclesp.24
Read from C000502-AR-2026-website.
12 annual reports read, FY2015 to FY2026
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Companies House (11), Company website (1)
FY2027Next report expected 17 Sept 2027