Zamknięcie „Projektu 8”

The management board of 11 bit studios S.A. formally resolved to terminate the development of the internal video game production known as Project 8 on December 17, 2024. This strategic decision stems from a determination that the title lacked the potential to achieve a satisfactory rate of return for the company. As of September 30, 2024, the project carried a book value of approximately 48.43 million PLN. Consequently, the company will implement a significant write-down on unfinished development work, which will negatively impact financial results for the current fiscal year. The final amount of this impairment will be determined following a comprehensive review of the assets generated during the development cycle.

The termination of Project 8 necessitates a reduction in the size of the associated development team. While layoffs are confirmed, the scale of these redundancies does not meet the legal threshold required for collective dismissal procedures under Polish labor law. This suggests a targeted restructuring rather than a mass workforce reduction. The scope of this action is centered on the company’s internal production pipeline in Warsaw and reflects a shift in resource allocation away from underperforming intellectual properties.

By prioritizing financial viability over continued investment in a project with diminishing commercial prospects, the company aims to protect its long-term fiscal health. The move highlights the increasing pressure on mid-to-large scale game developers to ensure high profitability in a competitive market. This disclosure, filed under market abuse regulations, serves as a critical update for investors regarding the company's asset valuation and operational strategy heading into the end of the 2024 financial year.