Legal basis: Article 17 (1) of the MAR – confidential information
The Management Board of Creepy Jar S.A. with its registered office in Warsaw (hereinafter referred to as the “Issuer”) hereby announces the preliminary selected financial results of the Issuer:
Data for the third quarter of 2024:
– sales revenues: PLN 7.9 million compared to PLN 9.1 million in the third quarter of 2023 (a decrease by 13% y/y),
– operating profit: PLN 3.3 million compared to PLN 5.5 million in the third quarter of 2023 (a decrease by 40% y/y),
– net profit: PLN 3.5 million compared to PLN 6.3 million in the third quarter of 2023 (a decrease by 44% y/y);
Cumulative data for 3 quarters of 2024:
– sales revenues: PLN 22.8 million compared to PLN 29.1 million in 1-3 quarters of 2023 (a decrease by 27% y/y),
– operating profit: PLN 8.4 million compared to PLN 16.7 million in 1-3 quarters of 2023 (a decrease by 50% y/y),
– net profit: PLN 9.7 million compared to PLN 19.1 million in 1-3 quarters of 2023 (a decrease by 49% y/y);
Short-term financial assets: PLN 72.7 million as at 30 September 2024 (unchanged from 30 June 2024).
The decrease in revenues from the sale of the Green Hell game in the third quarter of 2024 by 13% y/y is due to the natural aging cycle of the product. The indicated decrease in revenues is the main reason for the reduction in the Company's net profit margin to 45%.
In addition, in the third quarter of 2024, the Company recognised the non-cash cost of the 2023-2025 Incentive Scheme (“Incentive Scheme”) in the amount of over PLN 1.2 million. The cost of the Incentive Scheme was not included in the results of the third quarter of 2023.
In the third quarter of 2024 the total gross sales of Green Hell on PC/Steam, Sony PlayStation and Microsoft Xbox platforms (versions of the game to which the Issuer holds publishing rights) amounted to 497.5 thousand copies, with 56.5 thousand copies on PlayStation and Xbox consoles.
At the same time, the Issuer informs that, based on the preliminary sales data available as of the date of this report, the estimated gross sales of Green Hell for the a/m platforms since the beginning of 2024 amounted to 1.59 million copies, with 188 thousand copies for PlayStation and Xbox consoles.
The Issuer reserves that the above data are estimates, and the final financial results for the third quarter of 2024 and the data cumulatively for 3 quarters of 2024 together with comparable data will be provided in an interim report, which will be published on 26 November 2024.