Nacon (NACON) Q2 24/25 TU earnings summary

Executive summary

• Second quarter 2024/25 sales rose 38.5% year-over-year to €44.7 million, driven by strong performance in both gaming and accessories.

• First half 2024/25 sales reached €77.0 million, up 13.6% compared to the same period last year.

• Full-year 2024/25 growth targets confirmed, with expectations of continued sales and operating income growth.

Financial highlights

• Gaming sales in Q2 surged 65.4% year-over-year to €27.9 million, with catalogue sales nearly doubling.

• Back catalogue sales grew 38.8% to €13.0 million, supported by successful prior releases.

• Accessories sales increased 8.7% to €15.7 million in Q2, led by strong demand for headsets and controllers.

• First half 2024/25 gaming sales totaled €45.7 million (+10.7%), accessories €29.0 million (+16.6%).

Outlook and guidance

• Several new game releases planned for H2 2024/25 across all specialist genres, including Rugby25, MXGP, Endurance, Ravenswatch (console), Terminator: Survivors, Dragonkin, and Ambulance Life.

• Accessories business to launch premium products such as REVOSIM steering wheel, COBRA chair, and STAND DRIVE PRO racing stand.

• Confident in continued growth and further increase in operating income for 2024/25.