Current Report No. 24: Analysis of the Situation on One of the Game Projects

The Management Board of 11 bit studios S.A. has initiated a comprehensive strategic analysis regarding the status of a specific internal game development project. This evaluation focuses on the viability and future of the title, signaling a potential shift in the company’s production pipeline. The primary objective of this review is to determine whether the project remains a sustainable asset or if the company must proceed with a significant financial impairment.

Financial data as of September 30, 2024, indicates that the book value of the unfinished development work for this project totals approximately PLN 48.43 million. Should the ongoing analysis conclude that the project is no longer viable or requires a total cessation of development, the company anticipates a write-off of these capitalized costs. Such an action would directly impact the firm's balance sheet and reported net income for the relevant fiscal period, though the final valuation of any potential write-off remains subject to a formal asset review.

This disclosure, issued in compliance with market abuse regulations regarding inside information, reflects the current operational landscape for the Warsaw-based developer and publisher as of late 2024. While the specific title under review was not named, the scale of the investment suggests a project of significant scope within the company’s portfolio. Management intends to provide further updates once a definitive decision is reached regarding the project’s continuation or termination.