Updated Mar 17, 2026 by Nacon
Nacon achieved 177.8 million euros in sales for FY 2020/21, a 37.4% increase driven by U.S. market expansion, premium accessory demand, and a tripling of back-catalogue software sales.
Current operating income grew 43.8% to 32.5 million euros, resulting in an 18.3% operating margin, while net profit rose 19.6% to 18.2 million euros.
Management raised the FY 2021/22 sales target to 180–200 million euros with a 20% operating margin, and increased the FY 2022/23 guidance to 230–260 million euros.
Operating cash flow surged 146% to 55.7 million euros, enabling 56.4 million euros in capital expenditures and the decision to reinvest all cash flows rather than pay a dividend.
Future growth is anchored by a strong development pipeline, including major titles such as Blood Bowl 3, WRC 10, The Lord of the Rings: Gollum, and Test Drive Unlimited Solar Crown.
Despite a slight decrease in cash and cash equivalents to 96.7 million euros due to loan repayments and development investments, the company maintains a robust financial position and high liquidity.
Nacon achieved 177.8 million euros in sales for FY 2020/21, a 37.4% increase driven by U.S. market expansion, premium accessory demand, and a tripling of back-catalogue software sales.
Current operating income grew 43.8% to 32.5 million euros, resulting in an 18.3% operating margin, while net profit rose 19.6% to 18.2 million euros.
Management raised the FY 2021/22 sales target to 180–200 million euros with a 20% operating margin, and increased the FY 2022/23 guidance to 230–260 million euros.
Operating cash flow surged 146% to 55.7 million euros, enabling 56.4 million euros in capital expenditures and the decision to reinvest all cash flows rather than pay a dividend.
Future growth is anchored by a strong development pipeline, including major titles such as Blood Bowl 3, WRC 10, The Lord of the Rings: Gollum, and Test Drive Unlimited Solar Crown.
Despite a slight decrease in cash and cash equivalents to 96.7 million euros due to loan repayments and development investments, the company maintains a robust financial position and high liquidity.