- SAVE THE DATE -NACON CONNECT IS BACK ON MARCH 4, 2026 Lesquin, February 23, 2026 – NACON is pleased to invite players and the press to its annual online conference, NACON Connect, which will take place on March 4, 2026, at 8 p.m. CET. This key event will highlight the publisher-developer's future releases as well as the latest from its accessories department. The program will include game announcements, the broadcast of new videos and gameplay presentations for anticipated titles such as Cthulhu: The Cosm ...

Core Viewpoint - Nacon has requested a temporary suspension of trading in its shares on Euronext Paris due to significant liquidity issues stemming from its majority shareholder's inability to repay bonds, necessitating a financial restructuring [1][2][3][4]. Group 1: Trading Suspension - The company has requested Euronext Paris to suspend trading in its shares (ISIN: FR0013482791) effective from market opening on February 20, 2026 [1][4]. - The suspension will remain in effect until further notice, which is expected to be published in the coming days [4]. Group 2: Financial Situation - Nacon's majority shareholder, Bigben Interactive, announced it cannot proceed with a partial repayment of €43 million to bondholders, impacting Nacon's operations [2]. - The company is facing a liquidity crisis that requires immediate financial restructuring with creditors to ensure operational continuity [3]. Group 3: Company Overview - Nacon, established in 2019, is part of the Bigben group and focuses on the video game market, leveraging expertise from 16 development studios and a strong distribution network [5]. - The company reported IFRS revenue of €167.9 million and an operating profit of €1.1 million for the fiscal year 2024/2025 [5].

Core Viewpoint - Nacon is assessing the implications of its majority shareholder Bigben Interactive's financial difficulties, particularly regarding a delayed bond repayment and potential debt restructuring [1][2][3]. Group 1: Company Overview - Nacon is a subsidiary of Bigben Interactive, established in 2019, focusing on the video game market with 16 development studios and expertise in game publishing and gaming peripherals [4]. - The company reported an IFRS revenue of €167.9 million and an operating profit of €1.1 million for the fiscal year 2024/2025 [4]. - Nacon employs over 1,000 individuals and is listed on Euronext Paris [4]. Group 2: Financial Situation of Bigben Interactive - Bigben Interactive, holding 56.72% of Nacon's share capital and 65.79% of voting rights, announced it could not proceed with a partial repayment of €43 million due to its banking pool's refusal to respond to a drawdown notice [2]. - The repayment was initially scheduled for February 19, 2026, and Bigben is considering debt restructuring under commercial court supervision [2]. Group 3: Nacon's Response - In light of Bigben's financial situation, Nacon is carefully studying the potential impact on its operations and financing [3]. - The company commits to informing the market of any significant developments regarding this situation [3].

Core Viewpoint - NACON reported consolidated sales of €124.2 million for the first nine months of the 2025-26 financial year, reflecting a decline of 4.4% compared to the previous year [2][3]. Sales Performance - Sales for the first quarter (April-June) were €31.3 million, down 2.9% from €32.3 million in the previous year [3]. - The second quarter (July-September) saw sales increase to €46.8 million, up 4.5% from €44.8 million [3]. - In the third quarter (October-December), sales dropped to €46.1 million, a decrease of 12.8% from €52.9 million [3]. - Cumulative sales for the first nine months were €124.2 million, compared to €129.9 million in the previous year [3]. Games Segment - Total revenue from "Games" grew by 1.9% to €25.9 million [5]. - "Catalogue" activity, which includes new game releases, experienced significant growth of 39.9%, reaching €13.7 million, driven by continued sales of "Hell is Us" and new launches like "Cricket 26" and "Rennsport" [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 Segment - The "Accessories" segment reported sales of €17.9 million, a decline of 29.1% due to ongoing impacts from increased customs duties in the US market [7]. - The decline in the US market is easing, with a reduction from 66% in the second quarter to 38% in the third quarter [7]. Future Outlook - The last quarter of the financial year is expected to be driven by new "Catalogue" releases, including several major games [8]. - The "Back Catalogue" is anticipated to generate revenue similar to that of the previous financial year [8]. - The "Accessories" segment remains challenged by market visibility issues in the US, while Europe is expected to benefit from upcoming product releases [9]. - NACON has revised its forecasts for the current financial year, expecting activity to be comparable to the previous year due to market slowdowns [10].

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 Insights - NACON reported consolidated half-year results for the 2025-2026 financial year, indicating business growth and expected operating profit for the full year [1][10]. Financial Performance - Sales for the first half of 2025-2026 reached €78.1 million, a 1.4% increase from €77.0 million in the previous year [2]. - Gross margin improved to €54.4 million, representing a 7.4% increase, with a gross margin rate of 69.7% [2][3]. - EBITDA rose by 18.7% to €33.6 million, with an EBITDA margin of 43.1%, up 6.3 points [2][6]. - Operating income increased by 30.4% to €4.2 million, accounting for 5.3% of sales [2][4]. - Profit before tax surged by 80.2% to €1.7 million, with net income for the period at €2.5 million, a 16.2% increase [2][4]. Business Segments - Gaming sales contributed €56.4 million, while the Accessories business generated €19.8 million, and "other activities" accounted for €1.8 million [3]. - The Accessories segment is expected to benefit from the launch of new products, including the RIG R5 PRO HS headset and controllers for the Switch TM 2 [9]. Future Outlook - NACON has 41 games under development, with related assets valued at €128.1 million [7]. - The company anticipates a strong second half of the fiscal year, supported by a robust editorial calendar and expected sales performance in line with the previous fiscal year [8][10]. - Despite challenges in the U.S. market, signs of recovery are noted, and the company remains optimistic about growth prospects [9].

Core Insights - NACON reported a 4.5% increase in sales for the second quarter of the 2025-26 fiscal year, reaching €46.8 million, confirming the group's annual targets [1][4]. Sales Performance - The first half of the 2025-26 financial year saw consolidated sales of €78.1 million, a 1.4% increase compared to €77.0 million in the same period of the previous year [3]. - The second quarter's gaming sales grew by €8.8 million, or 31.7%, totaling €36.7 million, driven by strong growth in both "Catalogue" and "Back Catalogue" activities [4][5]. - "Catalogue" sales surged by 52.5% to €22.8 million, despite a high comparative base from the previous year [4]. - "Back Catalogue" sales increased by 7.8% to €14.0 million, indicating the strength of the existing portfolio [5]. Segment Analysis - The "Accessories" segment experienced a significant decline of 42.7%, with sales dropping to €9.0 million, primarily due to a 66% decrease in the American market linked to increased customs duties [7]. - Over the half-year, the "Accessories" segment is expected to remain impacted by uncertainties in the American market, although signs of recovery are emerging [9]. Future Outlook - The company confirmed its targets for the 2025-26 fiscal year, with the second half expected to be driven by nearly a dozen new title releases, including Dragonkin: The Banished TM and Cricket 26 TM [8]. - NACON is optimistic about maintaining strong growth due to its solid positions in complementary business areas and a busy release schedule [10].

Core Insights - NACON is showcasing its latest games and accessories at Gamescom 2025, following a successful appearance at the Future Games Show [2] - The company is emphasizing its commitment to the racing genre with new titles and accessories [12] Game Releases and Demos - Three major titles highlighted include "Styx: Blade of Greed," set for late 2025 release, featuring gameplay focused on stealth and resource collection [4] - "Hell is Us," an action-adventure game, is scheduled for release on September 4, 2025, and includes a demo available on all platforms [6][5] - "Edge of Memories," a JRPG, is set for release in 2026 and features real-time combat mechanics [9][8] - "Dragonkin: The Banished" has entered early access and is debuting a significant update at Gamescom, introducing new characters and content [10][11] Racing Division Expansion - NACON is expanding its racing division with new accessories and three new racing titles available for hands-on demos [12] - The Revosim racing wheel range is now compatible with consoles, set for release by the end of 2025, designed for serious sim racers [13][14] - "Gear.Club Unlimited 3" is set to launch in late 2025, featuring a variety of environments and over 40 licensed cars [15] - "Endurance Motorsport Series" is designed to reflect the demands of endurance racing and is set for release in 2026 [16] - "RENNSPORT," a next-gen racing simulator, will have console versions expected in Fall 2025 [18][17] Gaming Accessories - NACON is showcasing its latest gaming accessories, including the Revolution X Unlimited controller, which has gained popularity among FPS and action game fans [19] - RIG headsets, particularly the RIG 900 MAX, are highlighted for their audio quality and comfort [20] - Protective cases and travel kits for the Nintendo Switch®2 are also available for purchase [20] Company Overview - NACON, part of the BIGBEN group, was established in 2019 and comprises 16 development studios, focusing on game publishing and premium gaming peripherals [22]

Core Points - NACON announces the upcoming Revosim RS PURE sim racing bundle, officially licensed for PlayStation 5, featuring a 9Nm wheelbase and a 100kg Load Cell pedal set [1][2][3] - The bundle represents Revosim's debut on PlayStation 5, emphasizing high performance, modularity, and accessibility within the Revosim ecosystem [2][3] - The announcement follows the successful launch of the RS PURE on PC in June 2025, which introduced Revosim's first Direct Drive model [3][4] Company Strategy - NACON aims to enhance the gaming experience by providing immersive and realistic racing simulations, reflecting its commitment to sim racing enthusiasts [4] - The collaboration with Sony Interactive Entertainment strengthens NACON's strategic position in the racing game development and sim racing hardware manufacturing sectors [4][7] - NACON consolidates its expertise by unifying its development studios and focusing on innovation to create competitive advantages in the gaming market [7]

Core Points - Nacon announces a new suite of Revosim racing sim products compatible with Xbox Series X and S, enhancing immersion and performance for racing enthusiasts [1][4] - The announcement follows the successful launch of the RS Pure, a Direct Drive model for PC gamers, featuring a 9Nm base and a 100kg Load Cell pedal set, establishing a modular and high-performance ecosystem [2] - Future Revosim products for Xbox will integrate with existing add-ons, including the RS Pure Loadcell Handbrake, RS Pure Hybrid Gearbox, and RS Pure Clutch Pedal [2] Company Overview - Nacon, part of the BIGBEN Group, was founded in 2019 to leverage synergies in the video game market, focusing on the development of AA video games and premium gaming devices [6] - The company aims to innovate and create competitive advantages by unifying its 16 development studios and expertise in the gaming industry [6]