11 bit studios S.A. (WSE:11B)

11 bit studios Income Statement

Financials in millions PLN. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Revenue	141.03	140.55	52.27	74.21	70.12
Other Revenue	1.19	-0	-	-	-
Revenue	142.23	140.55	52.27	74.21	70.12
Revenue Growth (YoY)	1.20%	168.87%	-29.56%	5.82%	-19.49%
Cost of Revenue	17.66	11.78	9.87	13.85	29.31
Gross Profit	124.57	128.76	42.4	60.35	40.81
Selling, General & Admin	46.32	38.98	27.18	28.61	-
Other Operating Expenses	5.62	6.04	3.47	5.89	1.87
Operating Expenses	102.16	64.84	34.82	40.39	10.79
Operating Income	22.41	63.92	7.58	19.96	30.03
Interest Expense	-8.64	-0.32	-0.78	0.15	0.72
Interest & Investment Income	-	0.88	2.79	2.64	0.19
Earnings From Equity Investments	-3.47	2.72	-0.17	-0.29	-
Currency Exchange Gain (Loss)	-	3.25	-3.27	3.36	0.92
Other Non Operating Income (Expenses)	1.72	-0.01	0.07	0.01	0
EBT Excluding Unusual Items	12.01	70.44	6.22	25.83	31.86
Merger & Restructuring Charges	-	-48.42	-	-	-
Gain (Loss) on Sale of Investments	-	-0.91	-6.5	1.39	-0.03
Gain (Loss) on Sale of Assets	-	-	-0.02	0.01	-
Asset Writedown	-0.51	-18.34	-	-	-
Pretax Income	11.5	2.77	-0.29	27.23	31.83
Income Tax Expense	4.56	-4.12	-0.82	4.34	3.15
Net Income	6.94	6.89	0.53	22.89	28.69
Net Income to Common	6.94	6.89	0.53	22.89	28.69
Net Income Growth	0.78%	1210.70%	-97.70%	-20.20%	-23.23%
Shares Outstanding (Basic)	2	2	2	2	2
Shares Outstanding (Diluted)	2	2	2	2	2
Shares Change (YoY)	0.08%	0.34%	0.26%	0.14%	0.42%
EPS (Basic)	2.87	2.85	0.22	9.66	12.17
EPS (Diluted)	2.87	2.85	0.22	9.53	11.96
EPS Growth	0.70%	1199.40%	-97.70%	-20.32%	-23.53%
Free Cash Flow	24.53	10.12	-36.91	-12.75	12.06
Free Cash Flow Per Share	10.14	4.19	-15.32	-5.31	5.03
Gross Margin	87.59%	91.62%	81.12%	81.33%	58.20%
Operating Margin	15.75%	45.48%	14.50%	26.90%	42.82%
Profit Margin	4.88%	4.90%	1.01%	30.85%	40.91%
Free Cash Flow Margin	17.25%	7.20%	-70.62%	-17.18%	17.20%
EBITDA	72.63	65.16	9.03	21.04	30.89
EBITDA Margin	51.07%	46.36%	17.27%	28.35%	44.05%
D&A For EBITDA	50.22	1.24	1.45	1.08	0.86
EBIT	22.41	63.92	7.58	19.96	30.03
EBIT Margin	15.75%	45.48%	14.50%	26.90%	42.82%
Effective Tax Rate	39.63%	-	-	15.93%	9.89%
Revenue as Reported	142.23	140.55	52.38	74.26	70.38

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.