Consolidated Annual Report 2016: 11 bit studios

1. 01
   11 bit studios S.A. achieved its best financial year ever in 2016, with revenues reaching PLN 27 million, a 16.6% increase from 2015, and net profit growing by 11.8% to PLN 12.9 million, despite a one-time non-cash write-off of PLN 0.64 million from the Games Republic platform.See it on page 2
2. 02
   The company's operational profit increased by nearly 3% to PLN 14.1 million in 2016, and it held PLN 29.11 million in cash by the end of December 2016, indicating strong financial health.See it on page 64
3. 03
   The game "This War of Mine" (TWoM), released in autumn 2014, has generated over PLN 60 million in cumulative revenue, establishing 11 bit studios' brand recognition and financial stability.See it on page 57
4. 04
   11 bit studios S.A. is focusing on developing PC games using its proprietary engine, with "Frostpunk" being the main project, scheduled for release in the second half of 2017, with a significantly larger production and marketing budget than TWoM.See it on page 66
5. 05
   The company's primary activities are the production and sale of multi-platform video games and global digital distribution of video games, with its shares publicly traded since its founding in 2009.See it on page 23
6. 06
   The total value of assets held for sale as of December 31, 2016, was PLN 1,261,233, with associated liabilities totaling PLN 387,664.See it on page 25
7. 07
   Key management personnel, including the Management Board, received total short-term benefits of PLN 868,393 in 2016, and the Management Board received a performance bonus of PLN 364,884 for 2016.See it on page 40

Current Report 21/2025

11 bit studios · 2025

Interim Results: H1 FY26

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