Frontier Developments (LSE:FDEV) delivered a strong first-half performance in FY26, with revenue rising 26% year on year to £59.6 million and adjusted operating profit jumping 76% to £9.7 million. Results were led by the highly successful launch of Jurassic World Evolution 3, alongside solid contributions from the group’s wider creative management simulation (CMS) portfolio.
CMS titles accounted for around 90% of total revenue during the period. Planet Zoo became Frontier’s highest-grossing game to date, providing momentum ahead of a planned sequel in FY27, while Elite Dangerous also recorded revenue growth of more than 50%. Trading remained particularly strong in December, including record Christmas Day sales for Jurassic World Evolution 3.
On the back of this performance, management upgraded full-year guidance, now expecting revenue of approximately £100 million and adjusted operating profit of around £11 million. The uplift reflects improved confidence in sustained sales and marks a clear return to consistent profitability.
Alongside the financial update, Frontier confirmed a smooth leadership transition, with former chief marketing officer Jo Cooke assuming the role of chief executive on 1 January 2026, succeeding Jonny Watts, who remains on the board to support continuity. The company also reiterated progress across its development pipeline, including an unannounced CMS title planned for FY28 and another new game from its Canadian studio targeted for FY27, reinforcing its long-term CMS-led strategy.
Overall, Frontier Developments continues to demonstrate strong financial stability and operational execution, supported by positive technical indicators and a healthy slate of upcoming releases. While the absence of a dividend may limit appeal for some investors, the group’s upgraded guidance, proven franchises and expanding pipeline point to a positive trajectory.
More about Frontier Developments
Frontier Developments plc is a leading independent video game developer and publisher based in Cambridge, UK. Founded in 1994 by Elite co-author David Braben, the company focuses on genre-leading creative management simulation franchises such as Planet Zoo, Planet Coaster and the Jurassic World Evolution series, alongside space simulation title Elite Dangerous, all built using its proprietary COBRA development technology.
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