Looking at its current trading, the company said all of its titles were performing well, with revenue growth in the second half expected to build on the strong performance in the first half. Its first partner title, the “experimental and unique” Struggling, was released in August, with Frontier Foundry set to become a “material” part of the business in the future.
On the operational front, Frontier said player numbers for all of its titles were continuing to expand “strongly”, through active player-community management, additional free and chargeable content, price promotions and expansions onto new platforms and channels.įrontier Foundry, its own games label for third-party publishing, also continued to grow with a number of titles in discussion, as well as titles already signed. That was due to lower average distribution costs, including lower digital store commission rates on some services, and a greater proportion of revenue from own-intellectual property (IP) titles over licenced IP titles. The company put its revenue growth down to the ongoing performance of all of its existing titles, combined with initial contributions from new platform launches, as its gross profit margin grew to 71% from 67% year-on-year. The AIM-traded firm said its operating profit for the six months ended 30 November was £6.9m, up from £4.5m year-on-year, while its operating margin improved to 19% from 14%.ĮBITDA for the period came in at £15.5m, compared to £10.9m a year earlier, and basic earnings per share were 15p, up from 9.4p.įrontier reported operating cash flow of £3.1m, rising from £1.9m in the prior year, while its net cash balance at period end was £34.9m, down from £45.8m at the start of the year, but up from the £28.9m it reported at the interim in the 2020 financial year. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds.Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so.