Postponements Impact Nacon's Results, but the Outlook Promises Strong Growth
Although Nacon's annual sales remained almost unchanged, a number of postponements resulted in a net loss of €1.3 million. The French company is expecting strong growth in business levels and operating income for the 2025/26 financial year.
Nacon has presented its annual report for the 2024/25 financial year, which ended on 31 March 2025. The French publisher and peripheral manufacturer recorded sales of €167.9 million for the full year, which is stable year-on-year (€97.1 million in gaming, €65.2 million in accessories, and €5.6 million in other activities). Gross margin improved from 62.1% to 64.4%. "The release of Test Drive Unlimited during the year caused depreciation/amortisation of non-current assets to increase by €8.5 million year-on-year to €58.5 million. Operating income was €1.1 million," the company states. Net income for the period was -€1.3 million, compared with a profit of €17.5 million in the previous year. "Higher interest rates explain the change in net financial expense: the current average interest rate on bank borrowings is 3.0%", the company continues. As of 31 March 2025, Nacon had equity totalling €284.4 million, including the capital increase in July 2024. No dividend was proposed for shareholders.