CI Games (CIG) Q2 2026 earnings summary

Executive summary

• Net sales revenue for H1 2026 was 38,096 thousand PLN, down from 41,168 thousand PLN year-over-year.

• Net profit for H1 2026 was 8,566 thousand PLN, compared to 10,849 thousand PLN in H1 2025.

• Operating profit reached 11,225 thousand PLN, up from 8,185 thousand PLN year-over-year.

• The group maintained a strong cash position, with cash and equivalents at 21,486 thousand PLN as of June 30, 2026.

Financial highlights

• Gross margin improved to 24,297 thousand PLN from 19,899 thousand PLN year-over-year.

• EBITDA and EBIT not explicitly stated, but operating profit increased year-over-year.

• Net cash flow from operating activities was negative at -15,188 thousand PLN, compared to 36,510 thousand PLN in H1 2025.

• Net cash flow from investing activities was -40,042 thousand PLN, while financing activities provided 74,732 thousand PLN.

• Total assets increased to 322,828 thousand PLN from 281,912 thousand PLN at year-end 2025.

Outlook and guidance

• The release of a key title, "Lords of the Fallen II," was postponed to Q1 2027 to ensure quality and avoid market congestion.

• Management expects sufficient funding for at least 12 months, supported by ongoing operations and new debt financing.

• New credit agreements and negotiations are underway to secure additional liquidity for upcoming projects.