NACON achieved €170.7 million in annual non-IFRS sales for the 2023/24 fiscal year, marking a 9.5% increase over the previous year.
The gaming division drove overall growth with a 14.9% annual revenue increase to €104.0 million, supported by the release of 19 titles including Robocop: Rogue City and Cricket 24.
New catalogue sales in the gaming segment rose by 21.2% for the full year, while the back-catalogue demonstrated resilience with a 7.4% increase.
The accessories division grew 13.1% in the fourth quarter to €13.8 million, bolstered by strong U.S. adoption of the RIG 600 PRO headset and REVOLUTION 5 PRO controller.
Fourth-quarter sales reached €41.0 million, a 9.8% increase driven by new releases such as Taxi Life and War Hospital.
For the 2024/25 fiscal year, the company plans to launch approximately 15 titles, including Test Drive Unlimited: Solar Crown and early-access versions of Greedfall II and Terminator: Survivors.
Management projects that operating income growth will outpace sales increases in the 2024/25 fiscal year, supported by an expanding console installed base.
NACON reported a significant increase in financial performance for the 2023/24 fiscal year, ending March 31, 2024. Annual non-IFRS sales reached €170.7 million, representing a 9.5% increase over the previous year. This growth was particularly evident in the fourth quarter, where sales rose 9.8% to €41.0 million. The company’s gaming division served as the primary driver of this expansion, with annual gaming sales increasing 14.9% to €104.0 million. This performance was bolstered by a heavy release schedule of 19 titles, including the commercial success of Robocop: Rogue City and Cricket 24.
The gaming segment's growth was fueled by a 21.2% rise in new catalogue sales over the full year, while the back-catalogue remained resilient with a 7.4% increase. In the fourth quarter specifically, new game sales rose 16.3% following the release of titles such as Taxi Life and War Hospital. The accessories division also showed momentum, growing 13.1% in the final quarter to €13.8 million. This surge was attributed to the successful launch of premium peripherals like the RIG 600 PRO headset and the REVOLUTION 5 PRO controller, which saw particularly strong adoption in the United States.
Looking ahead to the 2024/25 fiscal year, the company anticipates continued growth in operating income that outpaces sales increases. The strategy involves a pipeline of approximately 15 new releases, including high-profile titles such as Test Drive Unlimited: Solar Crown and early-access launches for Greedfall II and Terminator: Survivors. With a global presence across 100 countries and a workforce of over 1,000 employees, the company expects its expanding installed base of consoles and a strengthening back-catalogue to provide a solid foundation for the upcoming financial period.
