Quarterly Report: 11 bit studios Q1 2025

Key insights

7 takeaways · ~3 min read

01
11 bit studios reported a profit loss of PLN 6,373,618 for Q1 2025, a significant increase from the PLN 1,605,666 loss in Q1 2024.See it on page 47
02
Operating expenses increased to PLN 20,638,820 in Q1 2025 from PLN 15,614,303 in Q1 2024, primarily due to a more than fivefold increase in depreciation and amortization expense.See it on page 47
03
The substantial rise in depreciation and amortization (from PLN 912,412 in Q1 2024 to PLN 4,581,735 in Q1 2025) is attributed to the amortization of recently released games like Frostpunk 2, The Thaumaturge, INDIKA, and Creatures of Ava.See it on page 20
04
Net cash from operating activities decreased slightly to PLN 5,256,567 in Q1 2025 from PLN 5,438,889 in Q1 2024.See it on page 4
05
The company's future performance will be largely influenced by upcoming releases of both proprietary and third-party titles, including Frostpunk 2 and The Alters.See it on page 2
06
11 bit studios holds a 40% ownership interest in Fool’s Theory Sp. z o.o., recognized using the equity method.See it on page 30
07
The company issued a surety for up to PLN 5,250,000 for a multi-purpose credit facility agreement with PKO BP S.A. for Fool’s Theory Sp. z o.o., valid until June 4, 2028.See it on page 45

Summary

QUARTERLY REPORT OF 11 BIT STUDIOS FOR THE THREE MONTHS ENDED 31 MARCH DEAR SHAREHOLDERS AND INVESTORS, It is our pleasure to present to you the quarterly technical quality, balanced gameplay, and, of report of 11 bit studios S.A. for the three months course, a lot of excitement and entertainment. In ended 31 March 2025.