Don't Nod Entertainment (ALDNE) H1 2026 TU earnings summary

Executive summary

• Revenue for H1 2026 was €6.1 million, a 14% decrease compared to H1 2025, reflecting a challenging market environment.

• Operating EBITDA loss widened to -€4.3 million from -€2.0 million in H1 2025, as operating revenue did not cover expenses.

• The company is implementing an organizational transformation plan to expand cost-reduction efforts and align its structure with secured business volume.

Financial highlights

• Operating revenue for H1 2026 totaled €6.1 million, a 56% year-over-year decline.

• Sales declined to €3.5 million, while development revenue increased to €2.6 million, mainly from a Montreal-based project for Netflix.

• No capitalized production costs were recognized in H1 2026.

• Gross cash at end of June 2026 was €9.8 million, dropping to €8.0 million by end of July 2026, down from €15.4 million at end of 2025.

Outlook and guidance

• The company’s ability to continue as a going concern beyond January 31, 2027, depends on securing external financing.

• Management is examining legal and operational arrangements to support transformation and ensure continuity.