11 bit studios achieved record financial performance in 2020 with 87.1 million PLN in revenue and a 57.5% year-over-year increase in net profit to 37.36 million PLN.
02
The company maintains a debt-free balance sheet with 107.7 million PLN in liquid assets, enabling full self-financing for its current development and publishing pipeline.
03
Core franchises Frostpunk and This War of Mine remain the primary revenue drivers, while the publishing division grew to account for 29% of total annual revenue.
04
Strategic operations are scaling toward larger-scale productions, evidenced by the development of three major proprietary projects (Project 8, Dolly, and Eleanor) and a transition to Unreal Engine.
05
The company utilized IP Box tax relief to achieve an effective tax rate of 8.09%, resulting in a high net profit margin of 42.9%.
06
The United States remains the dominant market, representing 77% of total sales, while the company manages risks related to foreign exchange volatility and competition for specialized labor.
07
A new 2021–2025 incentive program has been established for leadership and staff, tied to a cumulative revenue target of 656 million PLN.
Insights
01
11 bit studios achieved record financial performance in 2020 with 87.1 million PLN in revenue and a 57.5% year-over-year increase in net profit to 37.36 million PLN.
02
The company maintains a debt-free balance sheet with 107.7 million PLN in liquid assets, enabling full self-financing for its current development and publishing pipeline.
03
Core franchises Frostpunk and This War of Mine remain the primary revenue drivers, while the publishing division grew to account for 29% of total annual revenue.
04
Strategic operations are scaling toward larger-scale productions, evidenced by the development of three major proprietary projects (Project 8, Dolly, and Eleanor) and a transition to Unreal Engine.
05
The company utilized IP Box tax relief to achieve an effective tax rate of 8.09%, resulting in a high net profit margin of 42.9%.
06
The United States remains the dominant market, representing 77% of total sales, while the company manages risks related to foreign exchange volatility and competition for specialized labor.
07
A new 2021–2025 incentive program has been established for leadership and staff, tied to a cumulative revenue target of 656 million PLN.