- 01
11 bit studios is executing a strategic transition from indie developer to large-scale publisher, targeting 656 million PLN in consolidated revenue through 2025 via a new multi-team production structure.
- 02
Financial performance in 2021 saw revenue of 70.12 million PLN and a net profit of 28.69 million PLN, with stability maintained by the back catalogue of 'Frostpunk' and 'This War of Mine' despite the lack of new releases.
- 03
The company significantly increased R&D investment, with 52.93 million PLN in capitalized development costs for upcoming titles 'Frostpunk 2', 'Dolly', and 'Project 8', all of which have migrated to Unreal Engine.
- 04
Balance sheet strength remains high with total assets of 219.5 million PLN and record financial assets of 107.41 million PLN, bolstered by 'IP Box' tax relief and high liquidity.
- 05
The United States is the primary market, accounting for 76% of total revenue, creating a high sensitivity to currency volatility due to the mismatch between USD-denominated income and PLN-denominated costs.
- 06
Expansion efforts include a 40% stake acquisition in Fool’s Theory and a commitment of 50 million PLN to the external publishing pipeline through 2023.
- 07
The workforce has grown to over 200 employees to support the company's shift toward a model capable of delivering annual product releases.