CI Games (CIG) Q4 2025 earnings summary

Executive summary

• Net sales revenue for 2025 was 73,782 thousand PLN, down 8.7% year-over-year from 80,788 thousand PLN in 2024.

• Net profit for 2025 reached 5,171 thousand PLN, reversing a net loss of 6,614 thousand PLN in 2024.

• EBITDA for 2025 was 30,760 thousand PLN, compared to 46,794 thousand PLN in 2024.

• The group maintained a strong equity ratio of 57.0% at year-end 2025.

Financial highlights

• Operating profit for 2025 was 1,785 thousand PLN, up from an operating loss of 3,923 thousand PLN in 2024.

• Earnings per share for 2025 were 0.02 PLN, compared to a loss per share of -0.04 PLN in 2024.

• Cash flow from operating activities was 46,050 thousand PLN, down from 89,520 thousand PLN in 2024.

• Cash and cash equivalents at year-end 2025 were 2,033 thousand PLN, down from 6,287 thousand PLN at year-end 2024.

• Total assets increased to 281,912 thousand PLN from 233,958 thousand PLN year-over-year.

Outlook and guidance

• The group plans a major game release, "Lords of the Fallen II," in 2026, expected to significantly impact future results and cash flows.

• Until the new release, operations will be financed by operating cash flow, a credit facility signed in December 2025, and advances from distributors.

• In March 2026, a share issue raised 70 million PLN to strengthen equity and liquidity.