FNATIC LTD

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

HaysMac LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on the going concern basis. The Directors are comfortable that the company is a going concern on the basis it will continue to receive Group support for at least 12 months.”

Significant events

• “In 2024, we expanded into eight new titles to compete in the Esports World Cup (EWC), but refocused on our five core titles by year-end.”
• “Valorant team remained dominant in the VCT EMEA region, winning both Stage 1 and Stage 2, but finished top six at VCT Champions.”
• “League of Legends team delivered consistent performances with top-two finishes in two LEC splits and qualified for key Riot international events.”
• “CS2 team successfully qualified for the second Major in Shanghai in late 2024 after multiple roster changes.”
• “Apex Legends Japan-based roster dominated ALGS Pro League domestic seasons with first-place finishes and achieved a third-place finish at ALGS Split 1 Playoffs.”
• “R6 2024 was a year of transition, exiting the Japan League and rejoining the European League with a new team.”
• “The inaugural EWC saw Fnatic place 13th overall, with notable Club Championship points earned in Call of Duty: Warzone (2nd).”
• “Expansion into the EWC contributed to a 17% increase in overall Pro-Gaming revenues.”
• “Digital revenues declined year-on-year by 57% due to the CS2 team failing to qualify for the first Major and weaker in-game item sales.”
• “Fnatic launched its own mobile app subscription service in 2024.”
• “Partnerships revenues decreased by 30% due to the loss of two key partners and lack of investment in sponsorship markets.”
• “Gross profit margin decreased year-on-year by 45%, with gross profit percentage decreasing from 54% to 45% due to reduced higher-margin digital item revenues.”
• “Administrative expenses reduced from £8.5m in 2023 to £7.6m in 2024, partly due to a reduced average headcount from 66 to 58.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -32.6%

  £12,172,391 → £8,200,577

• Cash

  -27.1%

  £539,122 → £393,147

• Net assets

  -29.1%

  -£15,242,274 → -£19,685,084

• Employees

  -12.1%

  66 → 58

• Operating profit

  -191.6%

  -£1,419,434 → -£4,138,506

• Profit before tax

  -140.5%

  -£1,806,118 → -£4,343,749

• Wages

  -9.9%

  £7,756,352 → £6,986,250

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers