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].

Core Insights - Bigben Interactive reported consolidated sales of €288.0 million for the 2024/25 financial year, reflecting a slight decrease of 1.4% compared to €292.0 million in 2023/24 [1][10][17] - The company anticipates a sharp increase in business levels starting in the first half of the 2025/26 financial year, driven by a more robust release schedule in the gaming segment [1][11][16] Sales Performance - Sales in the first quarter of 2024/25 were €57.9 million, down 8.9% from €63.5 million in the previous year [2] - The second quarter saw an increase of 20.8%, with sales reaching €78.0 million compared to €64.5 million [2] - Third quarter sales decreased by 6.8% to €87.7 million, while the fourth quarter sales were €64.5 million, down 7.7% from €69.8 million [2][3] Segment Analysis - NACON Gaming generated €38.0 million in sales during the fourth quarter, with overall gaming sales totaling €26.0 million, a decrease of 1.6% [3][5] - Catalogue sales for new games in the fourth quarter amounted to €9.9 million, down 35.8%, due to a limited release schedule [4] - Back Catalogue sales increased by 46.5% to €16.1 million in the fourth quarter, and for the full year, they rose by 31.2% to €58.6 million [5] Accessories and Audio/Video Business - Sales in the Accessories business totaled €11.0 million, impacted by postponed launches [5] - The mobile accessories market shrank by 10% in the first quarter of 2025, but Bigben's sales fell only by 7.7% to €21.6 million, outperforming the market [6][8] - Audio/Video sales in the fourth quarter were €4.7 million, down from €5.4 million in the previous year, with full-year sales at €26.9 million [9] Future Outlook - The gaming segment is expected to benefit from a busy release schedule in 2025/26, with over 10 games planned [11][12] - The Accessories business is projected to see firm growth, particularly in the first half of the financial year [12][16] - A new production site in Lauwin-Planque, France, is expected to be operational in the second half of 2025/26, focusing on controller production [13] Strategic Initiatives - Bigben aims to enhance its market share through the strong performance of its Force® brand and by diversifying its product range [19] - The company plans to launch several new products, including the Xbox Revolution X Unlimited controller and premium racing accessories [14][15]