Creepy Jar (CRJ) Q4 2024 earnings summary

Executive summary

• Net sales revenue in 2024 was 31.0m PLN, down 17% year-over-year, mainly due to lower console and VR sales, partially offset by PC/Steam growth.

• Net profit reached 15.9m PLN, a 13% decrease compared to 2023.

• EBITDA for 2024 was 15.2m PLN, down 11% year-over-year.

• Gross sales of Green Hell reached 1.84m units across key platforms.

Financial highlights

• Operating income (EBIT) was 13.9m PLN, a 12% decline year-over-year.

• Operating margin (EBIT) improved to 45% from 42% in 2023.

• EBITDA margin increased to 49% from 46% year-over-year.

• Short-term financial assets at year-end were 76.6m PLN, down from 79.3m PLN a year earlier.

• Cash at year-end was 27.6m PLN, compared to 59.6m PLN at the end of 2023.

Outlook and guidance

• Management recommended a dividend payout of approximately 8.0m PLN (11.37 PLN per share) for 2024, with payment scheduled for June 27, 2025.

• Continued investment in the development and marketing of the new title StarRupture.

• Strategy focuses on expanding the portfolio with high-quality games based on proprietary IP and maintaining operational continuity.