Slide 1: H1 FY26 Financial Results
H1 FY26 FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 30 NOVEMBER 2025 JANUARY 2026 PRIVATE AND CONFIDENTIAL © 2026 FRONTIER DEVELOPMENTS PLC. ALL RIGHTS RESERVED
Slide 2: CEO Appointment
CEO APPOINTMENT 2 JO COOKE – INTRODUCTION Extensive video games experience • Always been Player First – started when the industry was niche in the late 80s • Seen through every format change from 8bit to 16bit computers then consoles and PC • Released the first creative sim games at Maxis • Experien
Slide 3: Headlines
HEADLINES 3 £m H1 FY26 H1 FY25 % growth Revenue 59.6 47.3 +26% Adjusted Operating Profit 9.7 5.5 +76% Cash balance 40.1 27.2 +47% OUR CMS STRATEGY IS DELIVERING • Jurassic World Evolution 3 helped us to grow H1 revenue 26% and Adjusted Operating Profit 76%. • CMS games accounted for 90% of revenue i
Slide 4: Our Strategy Is Delivering
OUR STRATEGY IS DELIVERING 4 WORLD-LEADING GAMES WITH SUSTAINABLE GROWTH LAUNCH one major game NURTURE our established per year. genre-leading franchises. Develop each game over a Engage players with new 3-year production period. experiences. Monetisation; PDLC, Prioritise CMS genre. Platforms, Subs
Slide 5: Our World-Leading Portfolio
OUR WORLD-LEADING PORTFOLIO 5 DEC 2014 NOV 2016 JUN 2018 NOV 2019 NOV 2021 5.8m £141m 7.2m £103m 6.0m £146m 6.2m £151m 5.3m £138m Units sold Revenue Units sold Revenue Units sold Revenue Units sold Revenue Units sold Revenue Unannounced Planet Zoo Sequel CMS game NOV 2024 OCT 2025 FY27 FY28 0.8m £26
Slide 6: Our CMS Strategy Is Delivering
OUR CMS STRATEGY IS DELIVERING 6 CMS GAMES GREW 52% IN H1, CONTRIBUTING 90% OF TOTAL REVENUE Jurassic World Evolution 63% Other* 5% Elite Dangerous 6% Planet Coaster Planet Zoo 11% 15% © 2026 FRONTIER DEVELOPMENTS PLC. ALL RIGHTS RESERVED * Chaos Gate, F1 Manager and other revenue
Slide 7: JWE3 Is Off To A Great Start
JWE3 IS OFF TO A GREAT START £80m CUMULATIVE REVENUE £70m £M £60m £50m £40m JWE1 £30m Jun’18 JWE2 Nov’21 JWE3 Oct’25 £20m £10m £-m L M1 M2 M3 M4 M5 M6 M7 M8 M9 M10 M11 M12 Jurassic World Evolution Jurassic World Evolution 2 Jurassic World Evolution 3 © 2026 FRONTIER DEVELOPMENTS PLC. ALL RIGHTS RESE
Slide 8: Franchise Revenue Performance
FRANCHISE REVENUE PERFORMANCE 8 £350m £300m Jurassic World Evolution 3 £250m £200m £150m Jurassic World Evolution 2 Odyssey Planet Zoo £100m Console Edition Planet Coaster 2 £50m Planet Coaster Console Edition £-m L Yr1 Yr2 Yr3 Yr4 Yr5 Yr6 Yr7 Yr8 Yr9 Yr10 Yr11 Yr12 Elite Dangerous Planet Coaster Ju
Slide 9: Franchise Cash Profit Performance
FRANCHISE CASH PROFIT PERFORMANCE 9 £140m £120m Jurassic World Evolution 3 £100m £80m £60m Planet Zoo Console Edition Jurassic World Evolution 2 Planet Coaster 2 £40m Odyssey Planet Coaster £20m Console Edition £-m Yr-1 L Yr1 Yr2 Yr3 Yr4 Yr5 Yr6 Yr7 Yr8 Yr9 Yr10 Yr11 Yr12 (£20m) Elite Dangerous Plan
Slide 10: Income Statement – Adjusted Operating Profit
H1 FY26 FINANCIAL RESULTS 10 INCOME STATEMENT – ADJUSTED OPERATING PROFIT* £m H1 FY26 H1 FY25 Change Change % Revenue 59.6 47.3 12.3 26% Cost of sales (21.6) (14.4) (7.2) 50% Gross profit 38.0 32.9 5.1 16% Gross margin % 64% 70% (6pp) R&D (net of tax and R&D credits) (16.6) (16.6) - 0% Sales and mar
Slide 11: Cashflow On Adjusted Operating Profit Basis
H1 FY26 FINANCIAL RESULTS 11 CASHFLOW ON ADJUSTED OPERATING PROFIT BASIS £60.0m £9.7m £0.6m £0.6m £0.1m £50.0m (£3.2m) £42.5m £40.1m £40.0m (£10.2m) £30.0m £20.0m £10.0m £-m Adjusted Operating Profit Working capital movements** Share option exercises Cash 30 November 2025 Cash 31 May 2025 Non-game n
Slide 12: Summary
SUMMARY 12 • Jurassic World Evolution 3 has been a big success. • Our CMS strategy is delivering. • We are well-positioned to achieve sustainable growth. • We have upgraded FY26 financial guidance: • Revenue of around £100 million. • Adjusted Operating Profit of around £11 million. © 2026 FRONTIER D
Slide 13: Appendix
APPENDIX © 2026 FRONTIER DEVELOPMENTS PLC. ALL RIGHTS RESERVED
Slide 14: Reconciliation Between IFRS And Adjusted Operating Profit
H1 FY26 FINANCIAL RESULTS RECONCILIATION BETWEEN IFRS AND ADJUSTED OPERATING PROFIT* 14 • Adjusted Operating Profit is a measure £m H1 FY26 H1 FY25 Change of cash profitability. IFRS Operating Profit 7.8 4.5 3.3 • Main reconciling items to IFRS Add back non-cash intangible asset amortisation perform
Slide 15: Income Statement – IFRS
H1 FY26 FINANCIAL RESULTS INCOME STATEMENT – IFRS 15 £m H1 FY26 H1 FY25 Change Revenue 59.6 47.3 12.3 Cost of sales (21.6) (14.4) (7.2) Gross profit 38.0 32.9 5.1 Gross margin % 64% 70% (6pp) R&D cash spend (19.3) (19.2) (0.1) Capitalised costs 13.3 14.6 (1.3) % capitalised 69% 76% (7pp) Accounting
Slide 16: Balance Sheet
H1 FY26 FINANCIAL RESULTS 16 BALANCE SHEET £m Nov-25 May-25 Nov-24 Goodwill 6.5 6.5 6.8 Intangible assets 43.3 42.0 37.4 Tangible assets 20.0 21.4 22.9 Trade and other receivables (incl. tax and R&D credits) 26.6 18.3 25.9 Cash 40.1 42.5 27.2 Total assets 136.6 130.7 120.2 Trade and other payables (
Slide 17: Disclaimer
DISCLAIMER The information contained in this confidential the account or benefit of, U.S. Persons (as defined in or advisers take any responsibility for, or will accept any shareholders, directors, officers, agents, employees or document (“Presentation”) has been prepared the Securities Act) except