CI Games (CIG) Q1 2026 earnings summary

Executive summary

• Net sales revenue for Q1 2026 was 13.6m PLN, down from 16.3m PLN in Q1 2025, reflecting the typical post-launch sales cycle of video games.

• EBITDA for Q1 2026 reached 6.9m PLN (margin 50.9%), slightly lower than 7.9m PLN (margin 48.6%) in Q1 2025.

• Operating profit improved to 1.7m PLN (12.1% margin) from a loss of 0.9m PLN (-5.7% margin) year-over-year.

• Net loss for Q1 2026 was 1.5m PLN, mainly due to negative FX differences of 2.8m PLN.

• "Lords of the Fallen" accounted for 63% of Q1 2026 revenue and surpassed 2.5m units sold, achieving full ROI.

Financial highlights

• Gross margin increased to 51.5% in Q1 2026 from 33.1% in Q1 2025.

• Operating cash flow was 21.6m PLN, up from 16.3m PLN year-over-year.

• Net cash flow was 5.0m PLN, compared to 0.9m PLN in Q1 2025.

• Total assets grew to 366.9m PLN as of 31.03.2026, up 30.2% from year-end 2025.

• Equity increased to 227.9m PLN, while short-term liabilities rose to 132.6m PLN.

Outlook and guidance

• Major game release "Lords of the Fallen II" planned for 2026, expected to significantly impact future results.

• No official financial forecasts published for 2026.