Activity for the 4th Quarter 2025-2026: Financial Results

Nacon reported consolidated sales of €160.8 million for the 2025‑2026 fiscal year, a decline of 4.3 % from €167.9 million in the prior year. Quarterly performance showed a modest 2.9 % drop in Q1, a 4.5 % rise in Q2, a sharp 12.8 % fall in Q3, and a 3.8 % decline in Q4 to €36.6 million. The games segment contributed €107.5 million, up 10.7 % year‑over‑year; new catalogue sales surged 43.7 % to €55.3 million, driven by releases such as Styx: Blades of Greed and Dragonkin: The Banished. Back‑catalogue sales fell 10.9 % to €52.2 million, while accessories revenue dropped 26.9 % to €47.7 million, largely due to increased U.S. tariffs.

The company is undergoing judicial reorganisation (“Redressement judiciaire”) following a March 2026 hearing. Two French subsidiaries—SPIDERS and NACON TECH—were liquidated, while CYANIDE and KYLOTONN studios remain in restructuring. A draft recovery plan aims to restructure debt, with significant provisions expected for goodwill and certain game assets, potentially impacting 2025‑26 results.

For 2026‑27, Nacon anticipates a robust games pipeline across sports, racing, adventure, and simulation genres, with back‑catalogue sales projected to rebound. Accessories are expected to return to growth in the U.S., supported by new RIG headsets and racing wheel offerings. The company will present its 2026‑27 strategy following the release of Q1 2026/27 revenue on 20 July 2026. The organization, headquartered in Lesquin and listed on Euronext Paris, employs over 1,000 staff across 23 subsidiaries worldwide.