Games Workshop Group said on Friday that trading over the past two months has surpassed expectations, with better-than-expected performance anticipated for the first half of its financial year.

Shares in Games Workshop led the FTSE 250 climbing 13.8% to 13,330.00 pence following a trading update on Friday morning.

The Nottingham, England-based miniature wargames maker and retailer said it anticipates pretax profit for the six months to December 1 to stand at £120 million, a rise of 25% from £96.1 million a year ago.

The company’s core revenue for the period is expected to be ‘not less’ than £260 million, a 10% rise from £235.6 million a year ago, with licensing revenue doubling to £30 million from £13 million a year ago.

Total revenue for the first half of 2024 was £247.7 million.

Games Workshop will release its half-year results on January 14.

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