Updated Mar 17, 2026 by Nacon
NACON’s net income rose 123.5% to €8.4 million during the first half of the 2022/23 fiscal year, driven by a strategic shift toward higher-margin software publishing.
Total revenue grew 6.2% to €77.5 million, as a 72.3% surge in video game sales successfully offset a 34.7% decline in the gaming accessories market.
The company abandoned its €250 million full-year revenue target due to supply chain constraints affecting console availability and delays in the game release schedule.
Aggressive expansion efforts, including the acquisitions of Daedalic Entertainment, Big Ant, and Midgar, increased total goodwill to €146.1 million.
Financial liabilities exceeded €100 million following heavy capital deployment into studio acquisitions and €32.7 million in intangible asset purchases for game development.
To prioritize liquidity and the integration of new studio acquisitions, NACON has suspended dividend payments.
North American operations saw a 33.9% increase in sales, reflecting the company’s focus on international growth.
NACON’s net income rose 123.5% to €8.4 million during the first half of the 2022/23 fiscal year, driven by a strategic shift toward higher-margin software publishing.
Total revenue grew 6.2% to €77.5 million, as a 72.3% surge in video game sales successfully offset a 34.7% decline in the gaming accessories market.
The company abandoned its €250 million full-year revenue target due to supply chain constraints affecting console availability and delays in the game release schedule.
Aggressive expansion efforts, including the acquisitions of Daedalic Entertainment, Big Ant, and Midgar, increased total goodwill to €146.1 million.
Financial liabilities exceeded €100 million following heavy capital deployment into studio acquisitions and €32.7 million in intangible asset purchases for game development.
To prioritize liquidity and the integration of new studio acquisitions, NACON has suspended dividend payments.
North American operations saw a 33.9% increase in sales, reflecting the company’s focus on international growth.