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PRESS RELEASE: NACON: HALF-YEAR RESULTS 2025-2026 - ENGLISH VERSION
Globenewswire· 2025-11-24 21:44
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].