Report11 bit studios
Management Board’s Recommendation on Allocation of Profit for 2024: 11 bit studios
1 pages~1 min full read
The Management Board of 11 bit studios S.A. has recommended allocating the entire 2024 net profit of PLN 6,899,150 to statutory reserve funds.
The proposal mandates that no dividends will be distributed from the 2024 earnings, with all profits retained to strengthen the company’s balance sheet.
The board’s strategy focuses on capital preservation to support future investment opportunities and enhance risk mitigation capabilities.
The recommendation was formally adopted by the Management Board on 25 April 2025.
The proposal has been submitted to the Supervisory Board for assessment and awaits final approval by shareholders at the upcoming Annual General Meeting.
The disclosure of this profit allocation is issued in compliance with Article 17.1 of the Market Abuse Regulation (MAR) regarding inside information.
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.
