Nacon

Game Co.

106 documents

French game publisher and accessory maker. Test Drive, RoboCop: Rogue City, WRC. Also Bigben gaming controllers.

Documents

Report

1st Half 2022/23 Sales

NACON reported first‑half sales of €77.5 million for FY 2022‑23, a 6.2 % increase over the same period in 2021‑22. Quarterly performance showed a strong 25.8 % rise in the first quarter (€42.4 million) followed by a 10.6 % decline in the second quarter (€35.2 million). Game sales dominated revenue, rising 72.3 % to €47.0 million; catalogue (new releases) grew 130 % to €25.4 million, while back‑catalogue sales increased 33 % to €21.6 million. Accessories revenue fell sharply by 34.7 % to €28.6 million, reflecting a high base effect and a global headset market downturn; mobile and audio sales remained flat. Geographically, the decline in accessories was most pronounced in the United States. The company highlighted upcoming releases—WRC Generations, Blood Bowl 3, Chef Life, Clash, and Transport Fever 2 Console Edition—expected to bolster catalogue sales in the second half. Despite a shortfall against forecasted catalogue targets, NACON anticipates year‑end sales and operating income to rise relative to the prior year due to back‑catalogue strength, though it will miss FY 2022‑23 targets of €250 million in sales and €50 million in operating income. Looking ahead to FY 2023‑24, NACON expects growth driven by late‑year releases feeding the back catalogue and a diversified publishing slate. The company maintains confidence in its medium‑term prospects, citing synergies from its 16 studios and a global distribution network of 23 subsidiaries.

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Nacon

Report

Interim Financial Report Six Months Ended 30 September 2024

NACON SA’s first half of the 2024/25 fiscal year delivered a €77.0 million revenue increase of 13.6 % over the prior year, driven largely by a 16.6 % rise in accessories sales and a 27.1 % jump in back‑catalogue revenue, while new‑game sales slipped 6.6 %. Gross profit climbed to €50.7 million, giving a gross margin of 65.8 %. However, EBITDA fell 3.2 % to €28.3 million and net income dropped 32.4 % to €2.2 million, largely due to higher personnel costs, operating expenses—including advertising and R&D—and a significant impairment charge on the Daedalic studio. Earnings per share fell to €0.02 from €0.04, and the company’s cash balance contracted to €13.8 million after financing outflows and a €16.5 million rights issue. The group’s financial structure remains robust, with no goodwill impairment and total long‑term liabilities of €118.9 million at an average interest rate of 3.0 %. A new medium‑term debt facility of €22 million and the capital increase position the company for a busy second half, featuring multiple game releases and accessory launches. Export sales dominate the revenue mix, accounting for 91 % of total sales; Europe (excluding France) and North America contribute 44.8 % and 45.8 %, respectively. Geographically, the company operates primarily in Europe (excluding France) and North America, with a strong online services and live‑ops component recognized under IFRS 15 as separate obligations. While the debt load remains high, foreign‑exchange gains partially offset financial losses, and no dividend was paid. Overall, NACON’s first‑half performance shows solid revenue growth but earnings pressure from rising costs and impairment charges, positioning the company for a strategic focus on accessory sales and catalogue revenue in the remainder of the fiscal year.

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Nacon

Report

Press Release: Assessment of Bigben Interactive Financial Challenges

The release informs investors that Nacon’s majority shareholder, Bigben Interactive (BBI), has announced a financial setback stemming from an unexpected refusal by its banking pool to honor a drawdown notice related to a €43 million bond repayment scheduled for 19 February 2026. BBI’s inability to proceed with the partial repayment has prompted consideration of debt‑restructuring procedures under commercial court supervision. Nacon, which holds 56.72 % of BBI’s share capital and 65.79 % of voting rights, is evaluating the potential impact on its own operations and financing arrangements, pledging to update the market if significant developments arise. Nacon’s profile highlights its role as a subsidiary of BBI, established in 2019 to consolidate expertise across the video‑game sector. The company operates 16 development studios and publishes AA titles while also designing premium gaming peripherals, leveraging three decades of industry experience. Financially, Nacon reported an IFRS revenue of €167.9 million and operating profit of €1.1 million for the 2024/2025 period, supported by a workforce of over 1,000 employees. The firm maintains a global presence with 25 subsidiaries and distribution coverage in 100 countries, listed on Euronext Paris under ISIN FR 0013482791. The announcement underscores the interconnected nature of Nacon’s financial health with BBI’s debt situation and signals ongoing monitoring by senior management.

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Nacon

Report

Monthly Declaration Report: Nacon March 2023

The monthly declaration for Nacon, filed with the AMF on March 2023, documents the company’s share‑buyback activity for the month of March. The report confirms that Nacon’s self‑held equity, both direct and indirect, stood at 69 558 shares (0.08 % of issued capital) as of the declaration date, slightly below the 70 852 shares reported at the end of February. During March, the issuer purchased 56 177 shares and sold 57 471 shares, resulting in a net sale of 1 294 shares. No transfers or cancellations occurred during the month, and no buybacks were executed from shareholders holding more than 10 % of capital or from directors. The declaration follows the AMF instruction 2005‑06 and is filed under form type 2017, which requires monthly reporting of all transactions involving the issuer’s own shares. The data are presented in a table that lists cumulative information, including the number of shares bought and sold within the month, as well as any transfers or cancellations. The report covers only the period of March 2023 and pertains exclusively to Nacon’s equity securities. No additional methodology or external data sources are disclosed, as the declaration relies on internal transaction records maintained by the issuer.

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Nacon

Report

Consolidated Sales: Second Quarter 2025-26

NACON reports a 4.5 % rise in consolidated sales for the second quarter of its 2025/26 fiscal year, reaching €46.8 million compared with €44.8 million in the same period last year. Total first‑half sales for April–September 2025 amount to €78.1 million, up 1.4 % from €77.0 million in the prior year. Gaming sales dominate growth, increasing by €8.8 million (31.7 %) to €36.7 million, driven largely by a 52.5 % jump in catalogue titles and a modest 7.8 % rise in back‑catalogue revenue. Catalogue releases such as *Rugby League 26*, *Robocop: Rogue City – Unfinished Business*, and *Hell is Us* contribute significantly, with the latter achieving an 88 % user score and over 1.5 million residual wish‑lists. Back‑catalogue sales reflect the strength of NACON’s existing portfolio. The accessories segment, however, contracts sharply by 42.7 % to €9.0 million, largely due to a 66 % decline in U.S. sales caused by higher customs duties. European accessory sales, particularly for Switch 2 and XBOX Revolution X Unlimited controllers, are expected to provide some recovery. NACON anticipates continued catalogue momentum in the second half of the year, with nearly a dozen new titles slated for release, while back‑catalogue activity should remain steady. The company maintains confidence in meeting its 2025/26 annual targets, citing a robust release schedule and new accessory products. The next financial update for the first half of 2025/26 will be issued on November 24, 2025.

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Nacon

Report

Fourth-Quarter 2023/24 Sales: Nacon

Nacon reported consolidated sales for the 2023/24 financial year, ending 31 March 2024. Fourth‑quarter sales rose 9.8 % to €41.0 million, with gaming revenue up 7.9 % to €26.4 million and catalogue sales of new titles increasing 16.3 % to €15.4 million. Back‑catalogue sales held at €11.0 million, while accessories grew 13.1 % to €13.8 million, driven by strong performance of the RIG 600 PRO headset and REVOLUTION 5 PRO controller. Non‑IFRS full‑year sales reached €170.7 million, up 9.5 % from €156.0 million in 2022/23; gaming contributed €104.0 million (14.9 % growth) and catalogue sales grew 21.2 %. Operating income expanded at a faster rate than revenue, signalling improving profitability. The company launched 19 games during the year, including high‑profile titles such as *Robocop: Rogue City* and *Cricket 24: Official Game of The Ashes*. Five new releases in the fourth quarter—*War Hospital*, *New Cycle*, *Garden Life*, *Welcome to Paradize*, and *Taxi Life*—performed well, supporting the catalogue growth. A pipeline of roughly 15 titles is planned for 2024/25, with early‑access successes like *Ravenswatch* and upcoming releases such as *Test Drive Unlimited: Solar Crown*. Nacon, part of the Bigben Group since 2019, operates through 16 development studios and a global distribution network covering 100 countries. The company will announce full‑year results on 3 June 2024 and outline its 2024/25 strategy thereafter.

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Nacon

Report

First Half 2023/24 Results

NACON reports first‑half results for the 2023/24 fiscal year (1 April–30 September 2023) with sales of €70.8 million, a 8.7 % decline from the same period in 2022/23, largely due to a release schedule weighted toward the second half. Catalogue sales fell 9 % to €23.1 million, while back‑catalogue sales remained resilient at €21.2 million (down 1.8 %). Accessories revenue rose to €24.9 million, driven by a growing installed base of new consoles. Gross profit was €43.5 million (gross margin 64.2 %), up 3 percentage points year‑on‑year, and EBITDA reached €29.3 million, a 20.1 % increase to an EBITDA margin of 43.2 %. Operating income fell sharply to €3.7 million (5.4 % of sales) due to higher depreciation and amortisation (€25.6 million) and increased financial expense from higher interest rates and negative foreign‑exchange effects. Net income dropped 61.6 % to €3.2 million (4.8 % of sales). At 30 September, equity stood at €248.7 million and cash at €19.6 million, reflecting a strategy of funding development internally rather than through new borrowing. Development assets for 50 games total €118.1 million, and funds from operations were €22.0 million. The second half will feature a busy release schedule with over ten new titles, including high‑profile launches such as Robocop: Rogue City. Back‑catalogue sales are expected to continue growing, and the accessories segment should benefit from expanding console markets and new high‑potential products. NACON therefore anticipates strong sales and operating income growth for the full 2023/24 year.

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Nacon

Report

Third Quarter 2024/25 Sales

NACON reported consolidated sales of €52.9 million for the third quarter of its 2024/25 financial year, a decline of 10.3 % from the €59.0 million recorded in the same period last year. Gaming sales fell 23.7 % to €25.4 million, driven by a sharp drop in new‑catalogue releases; catalogue sales dropped 52.9 % to €9.8 million after only one new title, MXGP: The Official Motocross Videogame™. Back‑catalogue sales rebounded 24.5 % to €15.6 million, supporting the company’s strategy of leveraging legacy titles. Accessories sales grew modestly 5.3 % to €25.2 million, buoyed by strong performance of RIG headsets and REVOLUTION 5 PRO controllers in the U.S. and Australia, despite delays of several new accessories slated for 2025. IFRS sales for the first nine months rose 2.5 % to €129.9 million, with gaming down 4.6 % and accessories up 11.1 %. NACON announced a new production plant for gaming accessories in Lauwin‑Planque, France, expected to improve supply chain control and inventory optimisation. The company projects a slight sales increase in the fourth quarter, though operating income may decline due to postponed releases. For 2025/26 first half, NACON anticipates strong growth from new gaming titles, continued back‑catalogue momentum, a busy release schedule, and the launch of Nintendo Switch™ 2 compatible products. The company operates across 100 countries with over 1,000 employees and is part of the Bigben group.

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Nacon

1st Half 2022/23 Sales

Interim Financial Report Six Months Ended 30 September 2024

Press Release: Assessment of Bigben Interactive Financial Challenges

Monthly Declaration Report: Nacon March 2023

Consolidated Sales: Second Quarter 2025-26

Interim Financial Report: First Half 2021/22

Fourth-Quarter 2023/24 Sales: Nacon

Interim Financial Report: First Half 2020/21

First Half 2023/24 Results

Universal Registration Document: 2019/2020

Interim Financial Report: First Half 2023/24

Third Quarter 2024/25 Sales

Nacon

Documents