Frontier Developments (AIM:FDEV) rose 20.5% to 397p after it upgraded FY26 revenue and profit guidance.
The upgrade is driven by the success of Jurassic World Evolution 3 and strong ongoing sales across Frontier's back catalogue, with cumulative sales revenue for Jurassic World Evolution 3 ahead of Jurassic World Evolution 2 over an equivalent post‑launch period, although the company says delays beyond its control have affected the release of further content in the last month.
The Board describes the profit upgrade as "significantly ahead of previous guidance" and attributes it to higher‑than‑anticipated tax credits following a transition from the Video Games Tax Relief regime to Video Games Expenditure Credits, stronger revenue performance and continued cost discipline.
"I am delighted with Frontier's performance in FY26; the success of Jurassic World Evolution 3 and the enduring appeal of our games underline the creativity of our teams," said Jo Cooke, Chief Executive Officer.
Frontier reports cash of £44.9 million at the end of April 2026 (31 May 2025: £42.5 million), a net cash increase of £2.4 million over the 11 months to date despite £15.4 million invested in two share buyback programmes and an operating cash inflow of £17.8 million excluding buybacks.
