- 01
CD Projekt Group reported a 31% year-over-year increase in total sales revenue to 99.6 million PLN for H1 2024, fueled by strong back-catalogue sales and Witcher franchise performance.
- 02
Net profit after tax fell to 29.3 million PLN, impacted by higher tax liabilities and a 24 million PLN increase in deferred tax adjustments.
- 03
EBIT contracted significantly to 97.9 million PLN, down from 140.2 million PLN in the same period last year, due to rising operating costs and R&D investments.
- 04
Total operating expenses increased to 120.1 million PLN, driven by a surge in research and development expenditures totaling 45.9 million PLN alongside 52.9 million PLN in depreciation.
- 05
Despite higher costs, gross profit on sales improved to 218.0 million PLN, even as the cost of sales rose 16% to 170.0 million PLN.
- 06
The company maintains a stable capital structure with 1.37 billion PLN in cash, deposits, and bonds as of June 2024, supporting ongoing projects including Polaris, Orion, Sirius, and Hadar.