Nacon achieved significant profitability growth in fiscal 2023/24, with EBITDA rising 45% to €70.9 million and net income increasing 37.3% to €17.5 million.
See it on page 1Total sales grew 9.4% to €170.7 million, supported by the release of 19 titles and strong performance from the existing back catalogue.
See it on page 1The company generated €73.1 million in cash flow from operating activities, a 54.4% increase, and opted to reinvest these funds into a development pipeline of 45 games valued at €129.5 million rather than issuing a dividend.
See it on page 2Operational efficiency improved significantly, with gross margins reaching 62.1% and operating income rising 20.5% to €20.9 million.
See it on page 1The accessories segment returned to growth in the second half of the fiscal year, bolstered by new product launches and an expanding console install base.
See it on page 1For fiscal 2024/25, Nacon is launching a dedicated racing department and the 'Revosim by Nacon' brand to integrate game publishing with premium peripherals.
See it on page 2The 2024/25 release schedule includes approximately 15 games, headlined by major titles such as Test Drive Unlimited: Solar Crown and Greedfall II.
See it on page 2Nacon’s consolidated financial results for the 2023/24 fiscal year, ending March 31, 2024, demonstrate significant growth in profitability and operational efficiency. The company achieved a 45% increase in EBITDA to €70.9 million and a 37.3% rise in net income to €17.5 million. Total sales grew by 9.4% to €170.7 million on a non-IFRS basis, driven by a robust release schedule of 19 titles and a strong performance from the back catalogue. The accessories segment also returned to growth in the second half of the year, supported by new product launches and an expanding console install base.
The financial position remains stable, characterized by a 54.4% increase in cash flow from operating activities, totaling €73.1 million. While net debt decreased slightly to €85.2 million, the company opted not to issue a dividend, prioritizing the reinvestment of cash flow into its development pipeline. Currently, Nacon has 45 games in development, representing a carrying value of €129.5 million. Operational margins improved across the board, with gross margin reaching 62.1% and operating income rising 20.5% to €20.9 million.
Looking toward the 2024/25 fiscal year, the company anticipates continued growth in sales and operating income. The strategy focuses on "business convergence," specifically within the racing market through the creation of a dedicated racing department and the "Revosim by Nacon" brand. This initiative aims to integrate game publishing with premium peripherals like steering wheels and headsets. With approximately 15 games scheduled for release, including major titles like Test Drive Unlimited: Solar Crown and Greedfall II, the company expects to leverage its unified business model to strengthen its competitive position in the global gaming market.
