Report11 bit studios
Management Board’s Recommendation on Allocation of Profit for 2024: 11 bit studios
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Key insights
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Key number
The board recommends allocating all 2024 net profit to reserves.
The Management Board of 11 bit studios S.A. resolved to allocate the entire net profit earned in 2024 to statutory reserve funds. This recommendation was adopted on 25 April 2025.
Full retention. The entire 2024 net profit of PLN 6,899,150 is recommended for statutory reserve funds.
PLN 6,899,150
2024 net profit allocated to statutory reserve funds
Process
The proposal awaits final approval at the Annual General Meeting.
The proposal has been submitted to the Supervisory Board for assessment. It awaits final approval by shareholders at the upcoming Annual General Meeting.
- 01AdoptedManagement Board adopts the recommendation on 25 April 2025.
- 02AssessedSupervisory Board assesses the proposal.
- 03ApprovedShareholders make the final decision at the Annual General Meeting.
Compliance
The disclosure is issued under the Market Abuse Regulation.
The disclosure of this profit allocation is issued in compliance with Article 17.1 of the Market Abuse Regulation (MAR). The resolution is presented as part of the company’s routine annual reporting cycle.
Strategy
The board aims to strengthen financial stability and support future investment.
By directing the full profit into reserve funds, the Board aims to strengthen financial stability and support future investment or risk mitigation strategies. The focus remains on reinforcing the company’s balance sheet.
Capital preservation. The board’s strategy focuses on capital preservation to support future investment opportunities and enhance risk mitigation capabilities.
Next steps
Shareholders will decide on the profit distribution at the AGM.
The final decision on profit distribution will be made at the forthcoming Annual General Meeting. The recommendation is presented as part of the company’s routine annual reporting cycle.
Regulatory context
The resolution is grounded in Article 17.1 of the Market Abuse Regulation.
The decision is grounded in Article 17.1 of the Market Abuse Regulation (MAR), which governs the disclosure of inside information. No further methodological details are provided.
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Summary
The Management Board of 11 bit studios S.A. has resolved to allocate the entire net profit earned in 2024, amounting to PLN 6,899,150, to statutory reserve funds. This recommendation was adopted on 25 April 2025 and subsequently forwarded to the Supervisory Board for assessment. The final decision on profit distribution will be made at the forthcoming Annual General Meeting.
The recommendation reflects a conservative approach to capital preservation, ensuring that all available earnings are retained within the company’s statutory reserves rather than distributed as dividends or used for other purposes. By directing the full profit into reserve funds, the Board aims to strengthen financial stability and support future investment or risk mitigation strategies.
The decision is grounded in Article 17.1 of the Market Abuse Regulation (MAR), which governs the disclosure of inside information. The resolution is presented as part of the company’s routine annual reporting cycle, with no additional financial data or projections disclosed beyond the stated profit figure.
No further methodological details are provided, as the recommendation pertains solely to the allocation of already realized earnings. The focus remains on reinforcing the company’s balance sheet and preparing for potential future capital needs, with the final approval deferred to shareholders at the Annual General Meeting.
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