Guillemot (GUI) Q3 2025 TU earnings summary

Executive summary

• Third-quarter 2025 turnover rose 4% year-over-year to €38 million, with 9-month cumulative turnover down 3% to €89.7 million.

• Growth was driven by Hercules digital devices, up 33% in Q3, while Thrustmaster remained stable.

• Strong business momentum in the US and successful product launches contributed to performance.

Financial highlights

• Thrustmaster Q3 sales: €34.0 million (+1% year-over-year); Hercules Q3 sales: €4.0 million (+33%).

• 9-month Thrustmaster sales: €80.2 million (-5% year-over-year); Hercules: €9.5 million (+14%).

• Group had no net debt at September 30, 2025; net debt excluding investment securities was -€16.6 million.

• Investment securities (Ubisoft shares) valued at €4.3 million.

Outlook and guidance

• Full-year 2025 turnover forecast confirmed at over €120 million with net operating profit expected.

• 2026 outlook is favorable, supported by new racing games and the launch of Microsoft Flight Simulator 2024 for PlayStation 5.