11 Bit Studios reported a 13.5% revenue increase to PLN 19.8 million for Q1 2026, driven by the performance of Frostpunk 2, The Alters, and Death Howl.
02
Operating profit swung to a loss of PLN 5.48 million, primarily due to a sharp rise in depreciation and amortisation expenses from PLN 4.58 million to PLN 11.36 million.
03
EBITDA improved to PLN 5.88 million, bolstered by significant finance income derived from exchange-rate gains and financial instrument fair-value movements.
04
Cash and cash equivalents fell 24% to PLN 52.5 million, reflecting a shift toward short-term bond holdings and increased investment in property and development assets.
05
The company faces significant currency risk with approximately 77% of total revenue generated in the United States, making it vulnerable to a strengthening Polish złoty.
06
Net cash from operating activities rose to PLN 15.43 million, while the decline in contract liabilities indicates successful monetisation of Frostpunk 2 add-ons.
07
Trade receivables increased to PLN 14.26 million, accompanied by a higher allowance for credit losses due to the ageing of outstanding payments.
Insights
01
11 Bit Studios reported a 13.5% revenue increase to PLN 19.8 million for Q1 2026, driven by the performance of Frostpunk 2, The Alters, and Death Howl.
02
Operating profit swung to a loss of PLN 5.48 million, primarily due to a sharp rise in depreciation and amortisation expenses from PLN 4.58 million to PLN 11.36 million.
03
EBITDA improved to PLN 5.88 million, bolstered by significant finance income derived from exchange-rate gains and financial instrument fair-value movements.
04
Cash and cash equivalents fell 24% to PLN 52.5 million, reflecting a shift toward short-term bond holdings and increased investment in property and development assets.
05
The company faces significant currency risk with approximately 77% of total revenue generated in the United States, making it vulnerable to a strengthening Polish złoty.
06
Net cash from operating activities rose to PLN 15.43 million, while the decline in contract liabilities indicates successful monetisation of Frostpunk 2 add-ons.
07
Trade receivables increased to PLN 14.26 million, accompanied by a higher allowance for credit losses due to the ageing of outstanding payments.