- 01
11 bit studios S.A. management has proposed allocating the entire 525,609 PLN net profit from the 2023 fiscal year to the company’s supplementary capital.
- 02
The proposal explicitly excludes dividend payouts for 2023, prioritizing the retention of earnings to strengthen the company's financial foundation and liquidity.
- 03
The retained funds are intended to support ongoing development projects and facilitate future operational scaling for the Warsaw-based developer.
- 04
The recommendation was formally adopted by the management board on April 22, 2024, as a strategic move to navigate capital-intensive production cycles.
- 05
The proposal is currently awaiting evaluation by the Supervisory Board and requires final approval from the Ordinary General Meeting of Shareholders.
- 06
This capital management strategy reflects a conservative fiscal approach aimed at bolstering the balance sheet of the mid-sized studio.