Nacon (NACON) Q3 25/26 TU earnings summary

Executive summary

• Nine-month sales for fiscal 2025-26 reached €124.2 million, a 4.4% decrease year-over-year.

• Third quarter sales were €46.1 million, down 12.8% compared to the same quarter last year.

Financial highlights

• Games segment revenue for the nine months rose 15.7% year-over-year to €82.3 million.

• Catalogue (new games) sales surged 47.4% to €42.1 million over nine months.

• Accessories segment sales dropped 30.5% to €37.7 million for the nine-month period.

• Back catalogue sales declined 5.5% to €40.2 million.

Outlook and guidance

• Fourth quarter expected to be driven by major new game releases, including Styx: Blades of Greed and GreedFall The Dying World.

• Back catalogue revenue anticipated to match prior year levels.

• Accessories segment outlook remains uncertain in the US, but Europe may benefit from new product launches.

• Full-year activity now expected to be comparable to the previous fiscal year due to market slowdowns.