**Summary of Frontier Developments PLC Half-Year/Interim Report (H1 FY26)**
**Financial Highlights (H1 FY26 vs. H1 FY25):**
**Revenue**Increased by 26% to £59.6 million (from £47.3 million).
**Adjusted Operating Profit**Surged by 76% to £9.7 million (from £5.5 million).
**IFRS Operating Profit**Rose by 73% to £7.8 million (from £4.5 million).
**Cash Balance**Grew by 47% to £40.1 million (from £27.2 million).
**Key Drivers of Growth**
**Jurassic World Evolution 3**Highly positive player reception drove significant revenue growth and profit increases.
**Planet Zoo**Became Frontiers highest-grossing individual game, strengthening the foundation for its sequel in FY27.
**CMS Strategy**Revenue from Creative Management Simulation (CMS) games increased by 52%, contributing 90% of total H1 revenue (up from 75% in H1 FY25).
**Full-Year Outlook Upgrade**
FY26 guidance raised to **£100 million in revenue** and **£11 million in Adjusted Operating Profit**, driven by strong H1 performance and seasonal sales momentum.
**Franchise Updates**
**Jurassic World Evolution 3**Achieved record Christmas Day sales and earned nominations at the Game Awards 2025 and BAFTA Games Awards 2026.
**Planet Coaster**Slightly ahead of expectations, with new content like the Sorcery Pack and Toybox Pack driving engagement.
**Elite Dangerous**Delivered over 50% revenue growth through new content and sustained player engagement.
**Leadership Transition**
**CEO Change**Jonny Watts stepped down as CEO on 1 January 2026, succeeded by Jo Cooke (formerly Chief Marketing Officer). Watts remains on the Board until 31 May 2026 to ensure a smooth transition.
**Strategic Focus**
Continued emphasis on high-quality, evergreen CMS franchises, with an unannounced CMS title scheduled for FY28.
Complex Games (Canada) on track to release an unannounced game in FY27.
**Financial Position and Shareholder Returns:**
**Cash Position**Strong liquidity with £40.1 million in cash, despite a £10 million share buyback program.
**Profitability**Profit after tax increased to £8.0 million (from £4.4 million), with basic earnings per share rising to 21.4 pence (from 11.4 pence).
**Conclusion**
Frontier Developments delivered an excellent H1 FY26 performance, driven by the success of Jurassic World Evolution 3 and its CMS strategy. The company upgraded its full-year outlook, reinforced its leadership, and remains focused on delivering high-quality games and long-term value for shareholders.