---
title: "UK's Games Workshop falls as tariff, cost concerns overshadow record profit"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294032867.md"
description: "Games Workshop shares fell up to 6.5% despite reporting a record pre-tax profit of £275.7 million. The decline was driven by concerns over new U.S. tariffs, expected to cost £13 million annually, and higher plastic input costs due to supply chain disruptions. The company plans to offset some impacts through price increases and operational changes."
datetime: "2026-07-28T08:24:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294032867.md)
  - [en](https://longbridge.com/en/news/294032867.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294032867.md)
generator: "portal-rs"
---

# UK's Games Workshop falls as tariff, cost concerns overshadow record profit

July 28 : Shares in Games Workshop fell as much as 6.5 per cent on Tuesday after the British miniature wargames maker flagged tariff headwinds and higher plastic prices stemming from the Iran war, overshadowing record annual profit. Here are some details: • Games Workshop said new U.S. tariffs are expected to create an annualised cost of around £13 million ($17.29 million), although the company expects mitigation measures, including price increases and operational changes, to offset part of the impact. • The Warhammer maker also flagged higher plastic input costs, estimating a roughly £2 million hit from supply-chain disruption and inflationary pressures linked to volatility in global energy markets. • The company, known for its premium, in-house produced fantasy miniatures, has built a cult-like following for Warhammer, which has expanded into video games, books and a film. • It reiterated that AI is not used in creating Warhammer miniatures, artwork or lore, but said the growing inclusion of AI tools in third-party software means it may be used in some non-creative business functions. • Profit before tax rose 4.9 per cent to a record £275.7 million for the fiscal year ended May 31, driven by continued growth in the core Warhammer busine • Games Workshop, the only publicly listed pure-play miniatures company globally, last traded at £195.64 per share around 0755 GMT, valuing it at about £6.46 billion. ($1 = 0.7519 pounds)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**