BigBen Interactive (BIG) H2 2026 earnings summary

Executive summary

• FY2025-26 results were heavily impacted by €369.4m of fixed-asset impairments, including goodwill, recognized following enterprise valuations amid the financial restructuring.

• Accelerated safeguard proceedings were extended to Dec. 17, 2026; the hearing to review the plan is set for Dec. 9, 2026.

Financial highlights

• FY2025-26 revenue was €284.5m vs. €288.0m in FY2024-25; EBITDA before depreciation, amortization and impairment was €55.5m vs. €61.1m.

• Operating loss was €378.7m vs. €2.0m; net loss was €394.9m vs. net income of €0.3m.

• Tax expense was €10.7m, including €11.3m from derecognition of NACON tax loss carryforwards amid the restructuring.

Outlook and guidance

• Restructuring operations are expected to be completed by the end of Q1 2027, following adoption of the accelerated safeguard plan.

• Creditors and shareholders will vote on the draft plan within classes of affected parties before the Court rules on adoption.