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 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 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 - NACON reported consolidated revenue of €31.3 million for the first quarter of fiscal year 2025-26, which is a decrease of 2.9% compared to €32.3 million in the same period last year, aligning with the group's objectives [1][2]. Sales Performance - The gaming segment saw a strong performance with sales of €19.7 million, reflecting a 10.4% increase from €17.8 million in the previous year [2]. - Catalogue sales surged by 46.4% to €5.6 million, driven by successful titles such as Tour de France 2025 and Pro Cycling Manager 25, which saw sales increases of 25% and 35% respectively [2]. - The back catalogue maintained stable sales at €14.0 million, consistent with the previous year's performance [3]. Accessories and Market Dynamics - Accessories sales decreased to €10.8 million, down 18.8% from €13.3 million, primarily due to a challenging comparison basis and weakness in the U.S. market, although European sales grew by 22% [4][8]. - The success of accessories for the Nintendo Switch 2 and the XBOX Revolution X Unlimited controller contributed to the positive trend in Europe [4]. Future Outlook - The second quarter is expected to see strong growth driven by new game releases, including Test Drive Unlimited: Solar Crown and Hell is Us, which has garnered nearly one million wishlists [5]. - The second half of the fiscal year will feature nearly ten new titles, with expectations for the back catalogue to maintain good activity levels [6]. - NACON remains confident in achieving strong growth for the fiscal year 2025-26, supported by a busy release schedule and innovations in the accessories segment [9].