)
Edge3 Oct 2025
Epiroc: A Culture of Moving Mountains
From automation to electrification, Swedish industrial giant Epiroc is leading a transformation in how the world mines.
11 Bit Studios (11B) investor relations material
11 Bit Studios Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary29 Aug, 2025
Executive summary
Revenue for H1 2025 reached SEK 58 million (PLN 57.24 million), up 86–90% year-over-year, driven by the launch of The Altars and strong sales of Frostpunk 2 and legacy titles.
Operating profit was SEK 18 million (PLN 18.07 million), a turnaround from a prior loss, with a margin just over 30%.
EBITDA was SEK 29 million (PLN 29.02 million), with a margin near 50%.
Net profit was SEK 8.5 million (PLN 8.48 million), or 3.51 PLN per share.
Strategic focus is on new internal game development, platform game expansion, and publishing activities.
Financial highlights
Operating expenses/costs for H1 2025 were SEK 40 million (PLN 40.34 million), up 11.7% year-over-year.
Amortization costs rose to 10.95 million PLN due to new game launches.
Assets totaled over PLN 265 million, with current assets at PLN 88 million and liabilities at PLN 27 million.
Trade receivables stood at PLN 35 million.
Financial losses of over GBP 8 million/8 million PLN were recorded due to FX revaluation, mainly from USD/PLN fluctuations.
Outlook and guidance
Management expects higher revenue and net profit in 2025 versus 2024, with new titles like Moonlighter 2 and Death Hall/Howl and paid DLCs for Frostpunk 2 planned.
Console version of Frostpunk 2 launches in September 2025.
Cash balances are expected to be higher by year-end.
Strategic plan centers on new IP, platform games, and publishing diversification.
The Alters sales trajectory post-July 8?
Progress on new IP projects (P12, P13, P14, P15)?
Mitigation for negative FX impact on net profit?
Future Game Pass deals beyond Moonlighter 2?
What are the timelines for P14 and P15?
How are Frostpunk 2 sales lessons applied?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next 11 Bit Studios earnings date
Q3 202520 Nov, 2025
Next 11 Bit Studios earnings date
Q3 202520 Nov, 2025
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
Company Research22 Sep 2025
Moody's: Shaping Global Credit
Explore Moody's evolution from publishing manuals to becoming a giant in credit ratings, guiding issuers, investors, and regulators worldwide.
)
Edge19 Sep 2025
American Express: An Empire of Plastic
How history, brand, and structure have steadily built American Express' moat, and why Warren Buffett still calls it a one-of-a-kind business.
Frequently asked questions
11 bit studios S.A. develops and sells video games worldwide, regardless of platform or gaming device. The company was founded in 2009 by Grzegorz Miechowski and Michal Rudzinski, together with Jakub Dvorski and Oskar Burliga, who serve as the editor and lead programmer today. After successfully developing several cult-classics: Anomaly Warzone Earth (2011), Anomaly Defenders (2014) and This War of Mine (2014), 11 bit studios is currently preparing for its next major title - Frostpunk.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage