Updated Mar 17, 2026 by Nacon
Nacon reported H1 2023/24 sales of €67.8 million, a decline from €77.5 million in the prior year, primarily due to a 9% drop in new game sales caused by a sparse release schedule.
Despite lower revenue, EBITDA rose 20.1% to €29.3 million, with the EBITDA margin expanding significantly from 31.4% to 43.2%.
Operating income fell 62.7% to €3.7 million, driven by a sharp rise in depreciation and amortization charges to €25.6 million.
Net income for the period was €3.2 million, negatively impacted by higher interest rates and unfavorable foreign exchange fluctuations.
The accessories division generated €24.9 million in revenue, supported by a late-period surge linked to the growing installed base of current-generation consoles.
Management expects a strong second half driven by a pipeline of over ten new titles, including the release of 'RoboCop: Rogue City' and the upcoming 'Test Drive Unlimited: Solar Crown'.
The company currently has 50 games in development with a carrying value of €118.1 million, supported by 16 internal studios.
Nacon reported H1 2023/24 sales of €67.8 million, a decline from €77.5 million in the prior year, primarily due to a 9% drop in new game sales caused by a sparse release schedule.
Despite lower revenue, EBITDA rose 20.1% to €29.3 million, with the EBITDA margin expanding significantly from 31.4% to 43.2%.
Operating income fell 62.7% to €3.7 million, driven by a sharp rise in depreciation and amortization charges to €25.6 million.
Net income for the period was €3.2 million, negatively impacted by higher interest rates and unfavorable foreign exchange fluctuations.
The accessories division generated €24.9 million in revenue, supported by a late-period surge linked to the growing installed base of current-generation consoles.
Management expects a strong second half driven by a pipeline of over ten new titles, including the release of 'RoboCop: Rogue City' and the upcoming 'Test Drive Unlimited: Solar Crown'.
The company currently has 50 games in development with a carrying value of €118.1 million, supported by 16 internal studios.