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

Executive summary

• H1 2026 revenue was €6.1m, down 14% YoY; operating EBITDA loss widened to €4.3m from €2.0m.

• Safeguard proceedings opened on October 19 to support business continuity and help secure sustainable financing.

Financial highlights

• Revenue was €6.064m, down 14% YoY; total operating revenue was €6.064m versus €13.895m, down 56% YoY.

• Operating EBITDA including tax credits was -€4.335m versus -€1.974m; operating EBIT including tax credits was -€7.301m versus -€21.864m.

• Consolidated net loss was €7.111m versus €20.820m; prior-year results included €15.4m of impairment charges.

• Personnel expenses fell 34% to €8.2m; excluding 2025 employment-protection-plan costs, they decreased 25%, or €2.7m.

• Other operating expenses fell 35% to €4.0m, including lower marketing, publishing and subcontracting costs.

Outlook and guidance

• Operations over the next 12 months depend on external financing for business operations and project development.

• A new plan announced September 1 refocuses French operations on one production line and could affect up to 85 positions; Montreal activity is unchanged.

• Safeguard proceedings include an initial six-month observation period intended to enable financing solutions while operations continue.