Nacon, under court-supervised restructuring proceedings since March 2, 2026, posted revenue of €40.7m for the second quarter of its 2026-2027 fiscal year, down 13% year over year, penalized by an unfavorable base effect in new releases.
Catalog revenue fell 40% to €13.7m, despite strong performances from The Mound and Tour de France 26. Back Catalog revenue remained virtually stable, up 0.9% to €14.1m, while Accessories increased 28.7% to €11.6m, driven by the recovery of the US market and the success of RIG headsets. For the first half as a whole, revenue fell 6.1% to €73.3m.
At the same time, the group is continuing its restructuring plan, marked by the closure of three entities and a reduction in its workforce from 1,125 to 814 employees between March and September 2026. Having been placed under court-supervised restructuring proceedings, Nacon is expected to submit its restructuring plan to the court shortly.
For the third quarter, TP ICAP Midcap expects business to improve, supported by new releases, a more favorable base effect and a recovery in Accessories. The research firm is nevertheless keeping the stock under review, pending greater visibility on the group's situation.
NACON specializes in the development and publishing of so-called AA video game software (games with sales of between 200,000 and 3 million copies) in both physical and digital form. The group provides action/adventure games (Warhammer, The Sinking City, Werewolf, Paranoia, etc.), racing games (TT Isle of Man, WRC, V-Rally, FIA Truck Racing Championship, Overpass, etc.), sports games (Rugby20, Tennis World Tour, Tour de France, etc.) and simulation games (Farmers Dynasty, Bee Simulator, Pro Fishing Simulator, etc.).
In addition, NACON develops a business designing and manufacturing video game accessories for PCs and consoles (keyboards, mice, mats, controllers, headsets, microphones, steering wheels, game seats, etc.).
By combining its 16 development studios, AA video game publishing, and the design and distribution of premium gaming peripherals, NACON brings together 30 years of expertise to serve players.
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