Legal

Current Report No. 11 /2025: Supervisory Board’s Recommendation on Allocation of Profit for 2024

1 May 20251 pages129 words

Summary

The Supervisory Board of 11 bit studios S.A. has formally endorsed a proposal regarding the distribution of the company’s financial results for the 2024 fiscal year. Following a review of the annual performance, the board issued a positive opinion on the Management Board’s recommendation to retain all earnings within the organization. Specifically, the total net profit of PLN 6,899,150 is slated for allocation to statutory reserve funds rather than being distributed to shareholders as dividends. This financial decision reflects a strategic focus on strengthening the company’s internal capital reserves and supporting future operational stability. By reinvesting the entirety of the 2024 net profit, the Warsaw-based developer and publisher positions itself to fund ongoing development projects and corporate initiatives from its own equity. The scope of this recommendation is limited to the parent company’s individual earnings for the specified twelve-month period ending December 31, 2024. While the Supervisory Board and Management Board have reached a consensus on this allocation, the proposal remains subject to final approval by the company’s shareholders. The definitive resolution regarding the treatment of these funds was scheduled to be determined during the Annual General Meeting held on June 12, 2025. This process adheres to standard Polish regulatory requirements for publicly traded companies under the Public Offering Act, ensuring transparency in corporate governance and capital management.

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Current Report No. 11 /2025: Supervisory Board’s Recommendation on Allocation of Profit for 2024

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Current Report No. 13 /2025: Resolutions passed by 11 bit studios Annual General Meeting on June 12th 2025