Nacon booked a €342.9 million impairment and a net loss for fiscal 2025-2026

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

Nacon, the French video game publisher, announced its consolidated annual results for the fiscal year from Apr 1, 2025 to Mar 31, 2026 on Jul 20, 2026, after its board reviewed them that day. The company said a valuation of Nacon carried out in its court proceedings forced it to book an impairment loss of €342.9 million on all its fixed assets, goodwill included, as of Mar 31, 2026. It said the audit by its statutory auditors was still ongoing, and that their certification report would come with the Universal Registration Document.1^,2^,3^,4^,5^,6

In the income statement, which the release gave in millions of euros, sales under IFRS accounting rules were 160.8 for 2025-2026, against 167.9 for 2024-2025. The same table showed an operating loss of 349.7, against an operating profit of 1.1 a year earlier, and a net loss of 366.1, against a net loss of 1.3. Net debt stood at €104.2 million on Mar 31, 2026, and 31 games were in development, 27 of them in-house and 4 externally.7^,8^,9^,10^,11^,12

For the first quarter of fiscal 2026-2027, Nacon reported sales up 4.1% to €32.6 million. Its Games activity brought in €22.4 million in the quarter, up 13.8% compared with the previous fiscal year, as the release words it. New games contributed €3.9 million, which the company put down to a limited number of releases, and back-catalogue titles, released in earlier fiscal years, €18.5 million, up 32%. Accessories sales were €9.2 million, down 15.4%; the company said the decline was less pronounced, as in the previous quarter, because of a more favorable US market.13^,14^,15^,16^,17

Nacon said that in the months after the release several games would come out, among them MXGP 26, Endurance Motorsport, Edge of Memories and Hunting Simulator 3, and that The Mound, released on Jul 15, was off to an excellent start. It also said it had started a plan to streamline and cut its costs, with an adjustment of its workforce. The release listed Q2 2026-2027 revenue as an upcoming event, for Oct 26, 2026, after the market close.18^,19^,20^,21

The Lille Métropole Commercial Court placed Nacon under judicial reorganisation proceedings, called redressement judiciaire in French, by a decision dated Mar 2, 2026, and renewed its observation period by a judgment of Jul 1, 2026. The release added that the court had ordered the judicial liquidation of three French entities, and that two game studios, Cyanide and Kylotonn, were placed under reorganisation proceedings on Mar 30, 2026. Nacon said it would shortly submit a recovery plan to the court providing for a restructuring of its debt.22^,23^,24^,25

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