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CIG GPW sWIG80 Periodic report · PAP Biznes

CI Games SE (CIG) · Q1 2026 results

Share price: 2.45 zł · 2026-11-10

Results Q1 2026 vs Q1 2025 · year over year · published 28 May 2026 and 29 May 2025

Net loss widened year on year. The report's language is unchanged.

Only a basic analysis is available for this company at the moment.

1 · Numbers

Loss widened

Net income vs Q1 2025

Net income -1.6M vs -328.0K

Revenue +6.9%

Why Net income declined mainly because of negative net exchange rate differences of 2.8 million.

2 · How the report reads

Unchanged

Language tone vs last period

Report language: restrained for a company report — about as upbeat as in Q1 2025.

Weak signal: formal report language, not a call.

3 · What stood out Nothing unusual flagged this period.

Valuation

Reverse DCF. Free cash flow from the last full fiscal year, grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.

Valuation unavailable: free cash flow and profit were negative in the last full year and on average over the last three, so there is nothing to discount.

Current price

2.45 zł

close of 2026-11-10

P/E

124.2

today

Revenue growth, 3 years

+9.2% a year

compound annual rate (CAGR)

Official channels

The company's own website and social media accounts.

Read between the lines

No major shifts flagged this period.

Tone

How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q1 2026. Ring: Q1 2025.

Report language Restrained (was cautious)

Restrained for a company report — about as upbeat as in Q1 2025. Periodic reports carry legally required risk wording, so their tone moves little and is a weak signal.

Sentences that drove the tone
“Additionally, the reduction of costs for using the CryEngine and Unreal Engine also contributed to lowering production costs.”
“The Group plans a major launch of the game "Lords of the Fallen II" in 2026, which will have a significant impact on results and, consequently, cash flows in 2026.”
“The main factor for this decline was the reduction of amortization costs for the game "Lords of the Fallen".”

Full figures

PLN · PAP Biznes report (2026-05-28)

Metric Q1 2026 Q1 2025 Change
Revenue 12.8M 11.9M +6.9%
Gross profit 6.8M 3.5M +92.1%
EBITDA 6.9M 7.9M −12.1%
Operating income 1.5M -2.4M Turned profit
Net income -1.6M -328.0K Loss widened
EPS -0.01 —
P/E today 124.2 148.0 12-mo loss —

Topics

Topics are drawn from the full report text, not management commentary.

Most discussed now

  • In Q1 2026, consolidated sales revenue amounted to 13.6 million PLN, compared to 16.3 million PLN in the same period in 2025.
  • The carrying amount of the asset related to deferred income tax is verified on each balance sheet date and is subject to an impairment if…
  • The Company did not breach the terms resulting from the bank loan agreement concluded with PKO BP S.A.
  • In the first quarter of 2026, no significant transactions involving the acquisition or sale of tangible fixed assets occurred.

Faded since Q1 2025

  • Fading Multipurpose ("Annex 1") under which the credit limit was increased by an amount of 9,500,000.00 PLN to the amount of 24,500,000.00 PLN…
  • Fading The Company entered into a non-renewable revolving loan agreement with PKO BP in the amount of
  • Fading CI Games is characterized by revenue volatility during the fiscal year, primarily determined by the launch of new products.
  • Fading All interim financial information necessary to assess the assets and financial position of the Issuer were included in the condensed…

Latest announcements

Official filings, newest first.

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