Games Workshop released an update on their financial year and things are looking good as of May 31, 2020.

In the notice, they announced that their warhouses are operational though the factory is working in limited capacity. The trade and online sales are still working from home. In hard numbers, 306 of the company’s 532 stores are open in 20 countries, all complying with local guidance and distancing measures.

But, the sales is where it gets interesting.

In the update, the company said that through February, their earnings were in line with what was expected. The company has seen an impact due to COVID-19 however the recovery since re-opening has been “better than epected.”

The comapny is estimated the “sales to be c. £270 million and profit before tax for the year ended 31 May 2020 to be no less than £85 million.” They are also receiving an estimated £16 million from licensing. And the cash balance as of May 31, 2020 is £50 million.

Things are going well enough that the company will not be making any more government claims that they were eligable for due to the current situation. In fact, the company is aiming to “repay any amounts that have already been received, where possible.”

The likely reason the company is repaying the money is the rules and strings that came with taking it. By returning the money, they’d no longer have to abide by them and could return to near “business as normal.” With profits as they’re showing, that’s not a bad idea. It also shows the company feels they’re in a good financial spot to do so.

But, the future is still murky. It’s unknown what COVID-19’s impact will bring and with likely future waves and outbreaks, things can change easily.