BigBen Interactive (BIG) H1 2026 earnings summary

Executive summary

• Revenue for H1 2025/26 was €135.4M, nearly flat year-over-year, with Gaming/NACON up 1.4–2% and Audio-Video/Telco down 2.5–11.8%.

• EBITDA rose between 9.5% and 17.5% to as high as €36.5M, with a margin up to 27% of revenue.

• Gross margin improved to 54.3% from 51.2% year-over-year.

• Net income declined, with the most specific figure showing a 73.2% drop to €1.2M, impacted by higher amortization and litigation provisions.

Financial highlights

• Operating income dropped 41.9% to €2.2M in one report, but another shows a 24.7% increase to €4.7M.

• Result before tax was €0.9M, down from €3.7M year-over-year.

• Cash flow from operations ranged from €22.1M to €33.4M; net cash decreased by €28.4M to €11.5M.

• No dividend was distributed for the period.

Outlook and guidance

• Growth expected in H2 2025/26, driven by new game releases, product launches, and a strong back catalogue.

• Annual growth trajectory reaffirmed, with Audio/Video segment anticipating a dynamic H2 due to Black Friday and holiday sales.