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Core Viewpoint - Bigben Interactive reported consolidated sales of €219.8 million for the first nine months of the fiscal year 2025-26, reflecting a decrease of 1.7% compared to the same period last year [2][3]. Sales Performance - Sales for the first quarter (April – June) were €56.5 million, down 2.4% from €57.9 million in the previous year [3]. - The second quarter (July – September) saw sales of €79.0 million, an increase of 1.3% from €78.0 million [3]. - The third quarter (October – December) recorded sales of €84.4 million, a decline of 3.8% from €87.7 million [3]. - Cumulative sales for the first nine months were €219.8 million, down from €223.6 million in the previous year [3]. Segment Analysis Nacon Gaming - Nacon Gaming's sales for the third quarter were €46.1 million, down 12.8% from €52.9 million [3]. - Total "Games" revenue grew by 1.9% to €25.9 million, with "Catalogue" activity (new games) increasing by 39.9% to €13.7 million [5]. - The "Back Catalogue" generated €12.2 million, down from €15.6 million, attributed to a high basis of comparison and market decline [6]. Accessories - The "Accessories" segment generated €17.9 million, down 29.1% due to the impact of increased customs duties in the US market [7]. - The decline in the US market eased from 66% in the second quarter to 38% in the third quarter [7]. Bigben Audio-Video/Telco - Bigben Audio-Video/Telco reported a revenue increase of 9.9% to €38.2 million for the quarter [9]. - The "Mobile Accessories" segment achieved €28.3 million, up 11.9%, driven by strong performance in December [10]. - The "Audio" segment generated €9.8 million, with a growth of 11.1% attributed to the new K7 portable player [11]. Future Outlook - Nacon anticipates continued growth in the last quarter, driven by major game releases [12]. - The "Accessories" segment remains uncertain in the US, but Europe is expected to benefit from new product launches [13]. - Bigben Audio-Video/Telco forecasts growth for the fiscal year, despite a slowdown in the video game market leading to revised forecasts [15].

Core Viewpoint - Bigben Interactive is convening a meeting for bondholders to vote on amendments to the terms and conditions of its exchangeable bonds due in 2026, following a new bank financing of 43 million euros aimed at a partial redemption of these bonds [2][3][5]. Group 1: Financial Restructuring - The company announced a refinancing agreement of 43 million euros to facilitate a partial redemption of its exchangeable bonds [2][3]. - The outstanding amount of the bonds is currently 57.4 million euros, redeemable at maturity at 103% of their principal value, totaling 59.1 million euros [6]. - The proposed amendments include a partial redemption of 75,000 euros per bond, reducing the principal amount per bond from 100,000 euros to 28,000 euros [13]. Group 2: Proposed Amendments - The amendments will extend the maturity date of the non-redeemed portion of the bonds to August 19, 2032, which is a 6.5-year extension [9][15]. - The initial unit exchange price will be reduced to 0.85 euros until August 19, 2029, and then to 0.80 euros until maturity, compared to the initial price of 9.60 euros [9][15]. - The coupon rate will gradually increase from 1.125% to 5.125% over the life of the bonds [9][15]. Group 3: Bondholder Meeting - A general meeting of bondholders is scheduled for February 2, 2026, to vote on the proposed amendments, with 51% of bondholders already committed to voting in favor [2][7][20]. - If a quorum is not reached, a second meeting will be convened on February 13, 2026 [20]. - The agenda for the meeting includes the approval of the amendments and the filing of related documents [22].

Core Viewpoint - Bigben Interactive has announced the availability of its 2025/26 half-year financial report, which has been restated due to an ongoing legal dispute that necessitated a provision of 2.5 million euros [2][3]. Financial Report Summary - The half-year financial report for 2025/26 was delayed due to the need for restatement following an auditor's position regarding a legal dispute [2]. - A provision of 2.5 million euros was recorded in the restated accounts related to the legal dispute [2]. Legal Dispute Details - The legal dispute, ongoing for over 15 years, involves patents held by Nintendo concerning controllers that are no longer marketed by Bigben [3]. - A recent unfavorable ruling from German courts against Bigben Interactive Gmbh has prompted the company to appeal the decision [3][4]. Company Overview - Bigben Interactive is a European player in video game publishing and the design and distribution of mobile and gaming accessories, as well as audio-video products [5]. - The company aims to be a leader in its markets and has over 1,300 employees with a distribution network in over 100 countries [5].

Core Viewpoint - Bigben Interactive is initiating discussions with holders of senior conditionally secured bonds exchangeable into Nacon company shares, maturing on February 19, 2026, to renegotiate the terms of the bonds to maintain operational and financial flexibility [1][6]. Group 1: Bond Details - The company established a bond loan amounting to €87.3 million on February 12, 2021, with a maturity date of February 19, 2026 [2]. - As of the press release date, the outstanding amount of the bonds totals €57.4 million, which is repayable at maturity at 103%, equating to €59.1 million [3]. - After a partial refinancing agreement of €43 million secured on November 24, 2025, the residual unrefinanced balance of the bonds is approximately €16 million [4][5]. Group 2: Strategic Intentions - The company aims to propose a renegotiation of the bond terms to avoid premature cash mobilization that could limit development prospects [6]. - Following discussions, all bondholders may be convened to vote on any amendments to the bond terms in accordance with legal and regulatory provisions [7]. Group 3: Company Overview - Bigben Interactive is a European player in video game publishing and the design and distribution of mobile and gaming accessories, as well as audio-video products, with a goal to be a leader in its markets [8]. - The company is listed on Euronext Paris and has over 1,300 employees [8].

Core Insights - BIGBEN INTERACTIVE confirms its annual targets with consolidated half-year results for the 2025-2026 financial year, reporting a slight decrease in sales but improvements in gross margin and operating profitability [1][3][18] Financial Performance - Sales for the first half of 2025-2026 reached €135.4 million, a decrease of 0.3% compared to €135.9 million in the same period of 2024-2025 [2] - Gross margin increased by 5.8% to €73.5 million, with a gross margin rate of 54.3%, up from 51.2% [2][3] - EBITDA rose by 17.5% to €36.5 million, representing 27% of sales, an increase of nearly 4 percentage points [2][4] - Operating income improved by 24.7% to €4.7 million, accounting for 3.5% of sales [2][4] - Net income for the period was €3.7 million, down 16.3% from €4.4 million [2][4] Business Segment Analysis - NACON generated sales of €78.1 million, up 1.4% from €77.0 million, with a gross margin rate of 69.7% [5][8] - BIGBEN – Audio-Video/Telco reported sales of €57.4 million, a decrease of 2.5% from €58.9 million, with a gross margin rate of 33.3% [5][10] Balance Sheet and Debt Management - As of September 30, 2025, BIGBEN had equity of €340.9 million and available cash of €23.8 million, with net debt standing at €183.3 million [12] - The company has secured a refinancing agreement for €43 million to manage bonds exchangeable into Nacon shares maturing in February 2026 [13] Future Outlook - The second half of 2025-2026 is expected to see continued strong performance from NACON, with several game releases planned and a positive outlook for the Accessories business [15][16] - BIGBEN anticipates a more dynamic second half for its Audio-Video business, driven by seasonal sales events [17][18]

Core Points - Big Lots! will celebrate its Grand Opening at 223 store locations across 16 states on October 30, 2025, at 9:00 a.m. [1] - The event will feature doorbuster deals, giveaways, and in-store events, making it a significant shopping day [1] - This celebration marks the return of Big Lots! under new ownership, with expanded departments and refreshed assortments [1]

Core Insights - Bigben Interactive reported a consolidated sales increase of 1.3% for Q2 2025-26, reaching €79.0 million, confirming the group's annual targets [1][2] Sales Performance - Q2 sales of €79.0 million showed a growth compared to €78.0 million in the same period last year, while cumulative sales for the first half of the fiscal year decreased slightly by 0.3% to €135.4 million [3][4] - Nacon Gaming segment sales increased significantly by 31.7% to €36.7 million, driven by strong growth in "Catalogue" activity and a solid performance in "Back Catalogue" [4][5] - The "Catalogue" activity surged by 52.5% to €22.8 million, despite a high comparative base from the previous year [5] - The "Back Catalogue" revenue rose by 7.8% to €14.0 million, indicating the strength of the existing game portfolio [5] - The "Accessories" segment experienced a decline of 42.7% to €9.0 million, primarily due to a 66% drop in sales in the American market linked to increased customs duties [5] Product Highlights - Successful game launches included Rugby League TM 26, Robocop: Rogue City – Unfinished Business TM, and Hell is Us TM, with the latter achieving a User Score of 88% and over 1.5 million residual wish lists [7] - Mobile Accessories sales grew by 2.4% to €26.0 million, outperforming the sluggish smartphone market, supported by successful product launches and a strong digital marketing strategy [8] Future Outlook - The second half of the fiscal year is expected to be driven by nearly a dozen new game releases, maintaining good activity levels in the "Back Catalogue" [10] - The "Accessories" segment may continue to face challenges in the American market, although signs of recovery are emerging [11] - Bigben Audio-Video/Telco is optimistic about its trajectory for the second half, supported by new product launches and a strategy to diversify its sales channels [12][13] - The company reaffirms its growth trajectory for the current year, leveraging its positioning in complementary business areas [14]

Core Viewpoint - Bigben Interactive reported consolidated sales of €56.5 million for the first quarter of fiscal year 2025-26, which is in line with the group's targets despite a slight decline compared to the previous year [1][2]. Sales Performance - First-quarter sales decreased by 2.4% from €57.9 million in 2024-25 to €56.5 million in 2025-26 [2]. - Nacon Gaming sales fell by 2.9% to €31.3 million, while Bigben Audio/Telco sales decreased by 1.8% to €25.2 million [2]. Nacon Gaming Highlights - "Catalogue" sales for Nacon Gaming increased by 46.4%, driven by strong performances from Tour de France 2025 and Pro Cycling Manager 25, which saw sales growth of 25% and 35% respectively [3]. - The "Back Catalogue" maintained sales at €14.0 million, consistent with the previous fiscal year [4]. Accessories Market - Accessories sales in the European market grew by 22%, supported by successful products for Nintendo Switch 2 and XBOX Revolution X Unlimited controller [5]. - U.S. market sales decreased to €10.8 million due to customs duties and a weak market environment [5]. Audio-Video/Telco Segment - Mobile accessories sales slightly declined by 1.8% to €20.4 million, outperforming the overall declining smartphone market [6]. - Audio activity revenue was €4.8 million, showing a growth of 14.2% compared to the same period last year [7]. Future Outlook - The second quarter is expected to see growth driven by new game releases, including Test Drive Unlimited: Solar Crown and Rugby League 26, which has been a significant success [8][9]. - Upcoming titles in the second half of the year include nearly ten new releases, maintaining good activity levels for the "Back Catalogue" [10]. - The Accessories segment is anticipated to face challenges in the U.S. market but is expected to perform well in Europe [11]. Strategic Focus - Bigben Audio-Video/Telco aims to maintain resilience through a development strategy based on three pillars, despite a stagnant market environment [12]. - The company remains confident in achieving sustained growth for the fiscal year 2025-26 due to its strong positioning in complementary businesses [13]. Company Overview - Bigben Interactive reported IFRS sales of €288 million for the fiscal year 2024-25 and operates in over 100 countries [14][17].

Core Insights - Bigben Interactive's earnings for the financial year 2024/25 were impacted by delays in new releases, but strong growth is anticipated in 2025/26, particularly in the first half [2][14]. Financial Performance - Total sales for the year 2024/25 were €288.0 million, a slight decrease from €292.0 million in 2023/24 [3]. - Gross profit increased to €147.4 million, with a gross margin of 51.2%, up 2.4 percentage points year-on-year due to an improved product mix [3][4]. - EBITDA before non-recurring items remained stable at €62.1 million, while total EBITDA decreased to €61.1 million from €78.0 million in the previous year [3][4]. - The company reported a net loss of €0.3 million for the period, compared to a net income of €21.0 million in 2023/24 [3]. Business Segment Analysis - NACON's sales were stable at €167.9 million, with a gross margin improvement to 64.4% [6][7]. - Bigben AudioVideo/Telco generated sales of €120.0 million, down from €124.3 million, but gross margin increased to 32.7% due to better procurement control [9][10]. Future Outlook - The 2025/26 financial year is expected to see strong growth, with a busy release schedule for NACON, including major titles like "Robocop: Rogue City" and "Hell is Us" [14][15]. - NACON has secured a new agreement for the World Rally Championship (WRC) license, enhancing its gaming portfolio [17]. - Bigben is focusing on diversifying its product offerings and optimizing its supply chain to improve performance in the mobile accessories market [18][21]. Strategic Initiatives - The company is expanding its distribution channels and launching new products under various brands, including the Force® and Cosy ranges [21][22]. - Bigben is committed to reducing carbon emissions through its supply chain optimization efforts [18]. Shareholder Information - The Board of Directors decided not to propose a dividend for the 2024/25 financial year [13]. - Upcoming events include the Shareholders' General Meeting on 25 July 2025 and the release of first-quarter sales on 28 July 2025 [24].