Big Cheese Studio books PLN 9.48 million write-down: what it means for Big Cheese Studio stock

Published on 10/19/2026 at 01:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The half-year report showed PLN 4.77 million revenue for January through June 2026. For Big Cheese Studio stock, net loss reached PLN 10.45 million.

The earnings picture

Big Cheese Studio disclosed a PLN 9.48 million write-down on September 25, 2026.
First-half revenue rose 58.7 percent to PLN 4.77 million in 2026.
The last Warsaw price was PLN 3.68 on October 16, 2026 at 4:43 p.m. CEST.

Big Cheese Studio, PLA340200015, Illustration mit AI erstellt.

Big Cheese Studio (ISIN PLA340200015) disclosed a PLN 9.48 million inventory write-down on September 25, 2026, tied to Cooking Simulator 2 Better Together, according to Bankier.pl. The charge was linked to inventory valued at PLN 15.77 million on June 30, 2026, while the estimated recoverable value was PLN 6.29 million.

The company also published its first-half report on September 29, 2026. Bankier.pl reported PLN 4.77 million in sales revenue for the six months ended June 30, 2026, up 58.7 percent from PLN 3.01 million in the same period of 2025. The stronger sales line did not prevent a PLN 10.45 million net loss, compared with a PLN 141,000 loss a year earlier.

What the write-down means

The impairment materially changed the half-year earnings picture. Operating loss reached PLN 10.54 million in the first half of 2026, compared with operating profit of PLN 372,000 in the first half of 2025. EBITDA was negative PLN 10.35 million, against positive EBITDA of PLN 558,000 in the comparable period.

The cash flow statement offered one counterpoint. Net cash flow from operating activities was negative PLN 663,000 in the first half of 2026, compared with negative PLN 2.61 million in the first half of 2025, according to the half-year filing carried by Puls Biznesu. For investors, the key issue is whether future game sales can support recovery after the write-down.

Stock valuation after the report

Big Cheese Studio is listed on the Warsaw Stock Exchange under ticker BCSP, and its market capitalization was PLN 16.2 million as of October 4, 2026, according to Investing.com. The same source identifies the company as a video game producer and publisher.

The last available Warsaw quotation stood at PLN 3.68 on October 16, 2026 at 4:43 p.m. CEST. The next market reaction will be judged against the balance between the 58.7 percent revenue increase and the PLN 10.45 million first-half loss.

Financial pressure remains central

Big Cheese Studio's report combines higher sales with a substantial impairment and sharply weaker operating earnings. The write-down makes product performance, cash generation and the recovery value of Cooking Simulator 2 Better Together the central financial questions for the company.