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].