Innelec: Turnover down but optimism for 2025-26

Innelec Multimedia announced revenue of €119.4 million for the 2024-2025 financial year, down 45.8% from the previous year. This decline is due to the drop in console and game sales, the end of Sony Playstation prepaid cards, and the discontinuation of the Casino client.

Despite this, derivatives revenues remained at €14 million. In response, Innelec took cost-cutting measures, including two staff reduction plans.

The company expects a return to growth in 2025-2026, driven by the release of the Switch 2, new games, and cult films. A distribution agreement with the U brand is expected to generate more than €12 million in additional revenue annually.