Nacon (NACON) Q2 25/26 TU earnings summary

Executive summary

• Sales for Q2 2025-26 increased by 4.5% year-over-year to €46.8 million, driven by strong growth in the Games segment.

• First half sales for 2025-26 reached €78.1 million, up 1.4% compared to the same period last year.

• The company confirms its annual targets, expecting strong growth for the full fiscal year.

Financial highlights

• Q2 Games sales rose 31.7% year-over-year to €36.7 million, with Catalogue sales up 52.5%.

• Accessories segment declined 42.7% in Q2 to €9.0 million, mainly due to a 66% drop in the American market.

• First half Accessories sales fell 31.7% to €19.8 million.

• Back Catalogue revenue increased 7.8% in Q2 to €14.0 million.

Outlook and guidance

• Nearly a dozen new Catalogue titles are scheduled for release in the second half, expected to drive growth.

• Back Catalogue is projected to maintain strong performance.

• Accessories segment may remain challenged in the US but shows signs of recovery; European sales expected to benefit from new products.

• Management remains confident in achieving strong growth for the 2025-26 fiscal year.