Financial Information & Calendar
Full year and interim financial highlights, and our financial calendar.
Full Year Financial Highlights
12 months to 31 May
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | £90.6m | £89.3m | £104.6m | £114.0m | £90.7m |
| Operating Profit/(Loss) | £12.7m | (£28.4m) | (£26.6m) | £1.5m | £19.9m |
| Adjusted Operating Profit/(Loss)1 | £13.2m | £4.6m | (£3.1m) | £8.1m | £11.7m |
| EBITDA2 | £36.1m | £26.8m | £33.0m | £41.1m | £38.1m |
| Adjusted EBITDA3 | £9.4m | £0.9m | (£4.6m) | £6.7m | £11.8m |
| Basic EPS | 42.4p | (55.6p) | (53.6p) | 24.6p | 55.4p |
| Net Cash Balance | £42.5m | £29.5 | £28.3m | £38.7m | £42.4m |
1Adjusted Operating Profit measures Frontier’s financial performance after eliminating non-cash development cost accounting adjustments (cost capitalisation, amortisation charges and impairment charges), non-cash share charges, non-operating items (including restructuring costs), and after recording the full benefits of tax and R&D expenditure credits against the expenditure they relate to.
2Earnings before interest, tax, depreciation and amortisation.
3Adjusted EBITDA is earnings before interest, tax, depreciation, amortisation and impairment charges related to game developments and game technology, less investments in game developments and game technology, and excluding restructuring costs, share-based payment charges and other non-cash items.
Interim Financial Highlights
6 months to 30 November
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | £59.6m | £47.3m | £47.7m | £57.1m | £49.2m |
| Operating Profit/(Loss) | £7.8m | £4.5m | (£33.3m) | £6.9m | (£1.3m) |
| Adjusted Operating Profit/(Loss)1 | £9.7m | £5.5m | (£2.7m) | £1.1m | (£0.9m) |
| EBITDA2 | £21.5m | £17.4m | £10.6m | £19.1m | £14.1m |
| Basic EPS | 21.4p | 11.4p | (85.7p) | 17.2p | (4.2p) |
| Net Cash Balance | £40.1m | £27.2m | £17.1m | £42.6m | £33.6m |
1Adjusted Operating Profit measures Frontier’s financial performance after eliminating non-cash development cost accounting adjustments (cost capitalisation, amortisation charges and impairment charges), non-cash share charges, non-operating items (including restructuring costs), and after recording the full benefits of tax and R&D expenditure credits against the expenditure they relate to.
2Earnings before interest, tax, depreciation and amortisation.
Financial Calendar
Frontier’s financial year end is 31 May with a half year end date (for interim results) of 30 November.
Here are the latest provisional dates for our financial calendar:
Full Year Results
September 2026
AGM
October 2026
Half Year Results
14 January 2026
