Report

Sales for the 2024/25 Financial Year: Nacon

Published by Nacon

Summary

Nacon reported consolidated sales of €167.9 million for the 2024/25 financial year, essentially flat against the €167.7 million recorded in 2023/24. Quarterly performance varied, with a sharp decline in the first quarter (‑9 %) offset by a 38.5 % rise in the second quarter, followed by declines of 10.3 % and 7.1 % in the third and fourth quarters respectively. Gaming revenue fell by 3.8 % to €97.1 million, while accessories grew modestly by 4.1 % to €65.2 million; the “Other” segment, comprising mobile and audio sales, expanded 38 % to €5.6 million. The fourth‑quarter gaming output was limited to two titles, Rugby25™ and Ambulance Life™, resulting in a 35.8 % drop in new‑game catalogue sales to €9.9 million, compared with four releases and the hit Robocop: Rogue City™ in 2023/24. Back‑catalogue sales, however, surged 46.5 % to €16.1 million in the quarter and 31.2 % for the year, underscoring sustained demand for legacy titles. Accessories sales were constrained by postponed launches of the REVOSIM range and the Xbox Revolution X Unlimited controller, which will debut in 2025/26. Nacon anticipates a sharper growth trajectory for the next fiscal year, driven by an expanded release calendar of over ten new games across sports, racing, adventure and simulation genres, as well as the launch of high‑profile accessories in the first half of 2025/26. Production expansion at a new French controller plant and continued reliance on Vietnamese manufacturing for U.S. inventory are expected to support this outlook.

From the report

Press release Lesquin, 28 April 2025, 6:00pm CEST SALES FOR THE 2024/25 FINANCIAL YEAR: €167.9 MILLION OUTLOOK FOR 2025/26: SHARP INCREASE IN BUSINESS LEVELS STARTING IN THE FIRST HALF NACON (ISIN FR0013482791), a developer of video games and creator of premium accessories, is today reporting its consolidated sales for the 2024/25 financial year (period from 1 April 2024 to 31 March 2025). Sales (IFRS) 2024/25 2023/24 Change € million First quarter (April-June) 32.3 35.5 -9.0% Second quarter (July-September) 44.8 32.3 +38.5% Third quarter (October-December) 52.9 59.0 -10.3% Fourth quarter (January–March)(1) 38.0 41.0 -7.1% Gaming 26.0 26.4 -1.6% Accessories 11.0 13.8 -20.7% Other(2) 1.1 0.7 +47.9% Full year (April–March)(1) 167.9 167.7 +0.1% Gaming 97.1 101.0 -3.8% Accessories 65.2 62.7 +4.1% Other(2) 5.6 4.1 +38.0% (1) Unaudited figures (2) Mobile and Audio sales Fourth-quarter 2024/25 sales: €38.0 million Gaming sales totalled €26.0 million during the quarter, a decrease of 1.6%. Catalogue sales (new games) amounted to €9.9 million, down 35.8%. As previously announced, the release schedule in the fourth quarter was limited, consisting of only two games: Rugby25TM and Ambulance LifeTM. In the same period of 2023/24, by contrast, sales were boosted by the exceptional success of Robocop: Rogue CityTM and the release of four new games, including Welcome to ParadizeTM and Taxi LifeTM.

y two games: Rugby25TM and Ambulance LifeTM. In the same period of 2023/24, by contrast, sales were boosted by the exceptional success of Robocop: Rogue CityTM and the release of four new games, including Welcome to ParadizeTM and Taxi LifeTM. The performance of the Back Catalogue (games released in previous years) remained excellent. Back Catalogue sales rose by 46.5% to €16.1 million in the fourth quarter. Over the full year, they were up 31.2% to €58.6 million. Sales in the Accessories business totalled €11.0 million after the launches of the REVOSIM range and the Xbox Revolution X Unlimited controller were postponed until the 2025/26 financial year.

After NACON postponed the launch of several games and accessories to the 2025/26 financial year, its sales rise slightly to €167.9 million as previously forecast. As expected, operating income will be lower than in the previous year, but should remain slightly positive. Outlook: strong growth in 2025/26 In the Gaming business, NACON will benefit from a much busier release schedule in 2025/26 than in 2024/25. Several major games will be released in the first half of the year, with very little risk of postponement. The line-up for 2025/26 includes over 10 games in all four of NACON’s specialist genres. - Sport: AFLTM, Rugby LeagueTM, Cricket26TM, Pro Cycling ManagerTM, Tour de FranceTM, - Racing: RennsportTM, EnduranceTM and seasons 4-6 of Test Drive Unlimited: Solar CrownTM, - Adventure: Robocop: Rogue City - Unfinished BusinessTM, Hell is UsTM, Edge of MemoriesTM, DragonkinTM, Styx: Blades of GreedTM, - Simulation: Architect LifeTM and downloadable content (DLC) relating to several successful games. The small number of games released in 2024/25 meant that Back Catalogue sales in 2025/26 are likely to be similar to the level achieved last year.

p>, Styx: Blades of GreedTM, - Simulation: Architect LifeTM and downloadable content (DLC) relating to several successful games. The small number of games released in 2024/25 meant that Back Catalogue sales in 2025/26 are likely to be similar to the level achieved last year. The Accessories business should also see firm growth, particularly in the first half with: - the launch of the Xbox Revolution X Unlimited controller in April; - the launch of several products in the REVOSIM range of premium racing accessories in June, including the RS Pure steering wheel, the DD-9Nm base and the RS Pure pedal set; - the arrival in June of the Nintendo SwitchTM 2 console, for which NACON already has a full range of accessories. This new console should also boost sales of NACON’s video games. As regards sales in the United States, NACON has already been making a large proportion of its products in Vietnam in recent years. Inventories in the United States are sufficient to meet local demand in the next few months. In addition, the production site currently being built in Lauwin-Planque in France should be up and running in the second half of the 2025/26 financial year. The site will focus on producing controllers. With its strong positions in two business areas, a busy release schedule in the current financial year and numerous upcoming product launches in the Accessories business, NACON is likely to achieve strong sales growth in 2025/26, starting in the first half. Next events: FY 2024/25 results press release to be published on 2 June 2025 (after the market close) FY 2024/25 results presentation meeting at 11:00am CEST on 3 June 2025

launches in the Accessories business, NACON is likely to achieve strong sales growth in 2025/26, starting in the first half. Next events: FY 2024/25 results press release to be published on 2 June 2025 (after the market close) FY 2024/25 results presentation meeting at 11:00am CEST on 3 June 2025 ABOUT NACON 2023/2024 IFRS SALES:€167.7 NACON is part of the Bigben group and was formed in 2019 to optimise itsareas of expertise and generate MILLION synergies between them in the video game market. Combining its 16 development studios, AA video game 2023/24 OPERATING INCOME:€20.9 publishing and the design and distribution of premium gaming peripherals, NACON has 30 years of expertise MILLION in serving gamers. This new unified business gives NACON a stronger position in its market and enables it to innovate by creating new and unique competitive advantages. Listed on Euronext Paris, compartment B–Index: CAC Mid&Small ISIN: FR0013482791; Reuters: NACON.PA; Bloomberg: NACON:FP). WORKFORCE Over 1,000 employees CONTACT: Cap Value–Gilles [email protected]+33 1 80 81 50 01 INTERNATIONAL PRESENCE 23subsidiaries and a distribution network in 100 countries https://corporate.nacongaming.com/

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Type: Report

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