Updated Mar 17, 2026 by 11 bit studios
11 bit studios achieved record financial performance in 2016 with 27.02 million PLN in consolidated revenue—a 16.6% increase—and a net profit of 12.93 million PLN, driven by the sustained monetization of This War of Mine.
The company is highly export-dependent, generating 98.6% of its revenue outside Poland, with the United States accounting for 77.8% of sales and China emerging as the second-largest market.
R&D investment doubled to 5.4 million PLN in 2016 to fund the development of the high-budget title Frostpunk, the creation of a second internal development team, and the expansion of the publishing division.
The company maintains a debt-free balance sheet with 29.11 million PLN in cash and equivalents, supporting a strategic transition toward a multi-project model and the discontinuation of the Games Republic distribution platform.
Market confidence in the company grew significantly, resulting in a 108% increase in stock price and inclusion in the sWIG80 index.
Management identified currency fluctuation as a primary financial risk, as approximately 90% of the company's revenue is denominated in USD.
11 bit studios achieved record financial performance in 2016 with 27.02 million PLN in consolidated revenue—a 16.6% increase—and a net profit of 12.93 million PLN, driven by the sustained monetization of This War of Mine.
The company is highly export-dependent, generating 98.6% of its revenue outside Poland, with the United States accounting for 77.8% of sales and China emerging as the second-largest market.
R&D investment doubled to 5.4 million PLN in 2016 to fund the development of the high-budget title Frostpunk, the creation of a second internal development team, and the expansion of the publishing division.
The company maintains a debt-free balance sheet with 29.11 million PLN in cash and equivalents, supporting a strategic transition toward a multi-project model and the discontinuation of the Games Republic distribution platform.
Market confidence in the company grew significantly, resulting in a 108% increase in stock price and inclusion in the sWIG80 index.
Management identified currency fluctuation as a primary financial risk, as approximately 90% of the company's revenue is denominated in USD.