Carentoir, July 30, 2025

2025 second-quarter turnover
Unaudited data (€m)
2025 2024 Change
January 1 – June 30, 2025

Second quarter
Thrustmaster gaming accessories 24.2 26.0 -7%
Thrustmaster total 24.2 26.0 -7%
Hercules digital devices 2.5 2.2 +14%
Hercules total 2.5 2.2 +14%
Total 26.7 28.2 -5%

First half
Thrustmaster gaming accessories 46.2 50.7 -9%
Thrustmaster total 46.2 50.7 -9%
Hercules digital devices 5.5 5.3 +4%
Hercules total 5.5 5.3 +4%
Total 51.7 56.0 -8%

The Group’s turnover was down 5% in the second quarter of 2025, at €26.7 million.

Second-quarter turnover was down 7% at Thrustmaster. This decline was driven by a number of
factors, including the transition of the brand’s entry-level racing wheels and supply disruption in the
U.S. market following the imposition of high import tariffs.
Meanwhile, turnover at Hercules was up 14% over the quarter, buoyed by the success of the product
Hercules DJControl Mix Ultra.

Sales in the second quarter grew moderately in Europe, fell sharply in North America and showed
modest growth in the rest of the world (Asia and the Middle East).

Highlights

- The second quarter was dominated by the announcement by the U.S. administration
regarding import tariffs and the associated tariff rates. The Group had already built up
inventories in the region and was thus able to weather these tariff increases. Price rises have
been negotiated with customers and partners to maintain profitability.

- The Group expanded its North American logistics capability during the quarter, opening a
warehouse in Montréal to enable it to directly serve the Canadian market without being
affected by American import tariffs.
Thrustmaster news
➢ Racing

- Thrustmaster is accelerating the transition of its ranges of racing wheels, to make them even
more competitive.

- Two new racing wheels will soon be joining the range: production began last month, and the
new wheels will be on the market before the end of the year.

- With these new releases, the Group has succeeded in making its products more widely
available from major U.S. retail chains.

- Production of the T598 racing wheel was once again limited by supply constraints in the
second quarter; these have now been resolved.

- The Warner Brothers movie production centered on the world of Formula 1 starring the
American actor Brad Pritt, has met with great success, boosting consumer interest in car
racing.

- The 2025/2026 season is set to be a busy one for new racing game releases, including Forza
Horizon 5 for PlayStation®5, Assetto Corsa EVO, Project Motor Racing, Rennsport, NASCAR 25
and Endurance Motorsport Series.

- 24 Hours of Le Mans: Thrustmaster took part in the 93rd edition of 24 Hours of Le Mans as
part of its partnership with racing game Le Mans Ultimate for the FIA World Endurance
Championship (WEC). The players had access to a dedicated area of the Family Fan Zone
within the Race Village containing 14 racing simulators equipped with T818 Direct Drive
bases, as well as new T598 servo bases. There was a big increase in the number of people
trying out racing wheels at the Thrustmaster booth, with over 4,000 sessions.

➢ Flight sim/joysticks

Two new joysticks, Sol-R 1 Flightstick and Sol-R 2 HOSAS Space Sim Duo, have generated
strong sales since their launches.
Now that the brand has successfully entered the world of space game accessories, new
products will be added to the range in the run-up to the end of the year.
Meanwhile, activity in the joystick games space is set to heat up with the release of
forthcoming title Squadron 42.

➢ Farming

The Group has expanded its offering by launching SimTask FarmStick, officially licensed for
PlayStation. This new version joins recently-released accessories for the Xbox console
(SimTask FarmStick and T128 SimTask Pack Xbox) and PC.

➢ Gamepads

The HEART CONTROLLER gamepad and the ESWAP SH2 HALL STICK MODULE
and ESWAP SH5 HALL STICK MODULE magnetic modules incorporating Hall Effect
technology have aroused strong interest among gamers, and are driving sales growth in this
category.
Hercules news
Hercules launched a Pro version of its DJUCED software during the quarter. This Pro version
includes exclusive features such as VJing, AutoHotCue, Filter FX and more.

This software is sold on a standalone basis, as either a one-time purchase or a subscription. It is
the natural upgrade for all users of Hercules DJ controllers and is included with the new
DJControl Inpulse 500 Silver Edition, launched on April 15.

Hercules DJControl Mix Ultra (winner of the 2025 “CES Innovation Awards Best of
Innovation”) has been a big hit since its launch, and sales of the best-selling DJControl
Inpulse 200 MK2 and DJControl Inpulse 500 have picked back up.

The brand has also strengthened its ties with major players such as Guitar Center in the United
States and Thomann in Europe.

Outlook

The global trade situation appears to be stabilizing, and visibility on the second half of the year
is improving.

With new Thrustmaster products now more widely available from major retail chains in the
U.S. and worldwide, the Group can be confident with respect to year-end sales and upgrade its
turnover forecast. The Group now expects to generate turnover in excess of €120 million, and
a net operating profit for fiscal 2025.



Guillemot Corporation is a designer and manufacturer of interactive entertainment hardware and accessories. The Group offers a diversified range of products under
the Hercules and Thrustmaster brand names. Active in this market since 1984, the Guillemot Corporation Group is currently present in 11 countries (France, Germany,
Spain, the UK, the United States, Canada, Italy, Belgium, Romania, the Netherlands and China [Shanghai, Shenzhen and Hong Kong]) and distributes its products in
more than 150 countries worldwide. The Group’s mission is to offer high-performance, ergonomic products which maximize the enjoyment of digital interactive
entertainment for end users.
Contact: Guillemot Financial Information — Telephone: +33 (0) 2 99 08 08 80 — www.guillemot.com