FinancialNacon
Third Quarter 2024/25 Sales: €52.9 Million
20 Jan 20252 pages~4 min full read
NACON reported Q3 2024/25 sales of €52.9 million, a 10.3% year-over-year decline, though total nine-month sales remain up 2.5% at €129.9 million.
Gaming revenue fell 23.7% to €25.4 million due to the absence of major new releases comparable to the previous year's RoboCop: Rogue City, though back-catalogue sales rose 24.5% to €15.6 million.
The accessories division grew 5.3% to €25.2 million, bolstered by strong demand for RIG headsets and Revolution 5 Pro controllers in the U.S. and Australia.
Product delays, including the Cobra seat and Xbox Revolution X Unlimited controller, have led the company to forecast a potential decrease in full-year operating income despite an expected slight increase in total sales.
NACON is investing in supply chain localization with a new accessory production plant in France, scheduled to become operational in 2025.
The 2025/26 outlook is optimistic, driven by a pipeline of approximately ten new game releases and a strategic focus on developing hardware and software compatible with the anticipated Nintendo Switch 2.
NACON reported consolidated sales of €52.9 million for the third quarter of the 2024/25 financial year, representing a 10.3% decrease compared to the same period last year. Despite this quarterly dip, total sales for the first nine months reached €129.9 million, a 2.5% increase over the previous year. The performance reflects a divergence between the gaming and accessories segments, with gaming revenue falling 23.7% to €25.4 million due to a lack of major new releases compared to the prior year’s success of RoboCop: Rogue City. However, back-catalogue sales grew by 24.5% to €15.6 million, validating the long-term value of the existing portfolio.
The accessories division grew by 5.3% to €25.2 million, driven by strong demand for RIG headsets and Revolution 5 Pro controllers in the United States and Australia. This growth occurred despite the postponement of several key products, including the Cobra seat and the Xbox Revolution X Unlimited controller, into 2025. To enhance supply chain efficiency and internalize value, the company announced plans for a new accessory production plant in France, expected to be operational later in 2025.
Looking ahead, the company expects a slight increase in full-year sales but anticipates a potential decrease in operating income due to product delays. The outlook for the 2025/26 financial year remains optimistic, supported by a busy release schedule of approximately ten new games and the anticipated launch of the Nintendo Switch 2. NACON plans to capitalize on this new hardware with a dedicated range of compatible games and accessories, forecasting strong growth for the first half of the upcoming fiscal year.
