Overview
Ice Code Games is a studio located in Poland that specializes in developing tactical and strategy games. Their flagship titles include "Hard West 2" and "Rogue Waters," with a focus on combining human creativity and proprietary AI systems to enhance game production. They are also working on an upcoming game called "Nightmare Frontier."
Financials
Revenue history (in k)
Data and insights are generated automatically based on financial statements and may contain errors. This analysis is for informational purposes only and does not constitute an official assessment of the company's credibility or business advice.
Stock quotes
- Open
- PLN 0.08
- High
- PLN 0.08
- Low
- PLN 0.07
- Volume
- 18.92K
- Avg. vol.
- 57.08K
- Market cap
- PLN 14.59M
- P/E ratio
- —
- EPS
- -PLN 0.01
- Shares outstanding
- 177.96M
- 52-week
- PLN 0.07 – 0.09
- Dividend yield
- —
- Dividend
- —
- Ex dividend date
- —
- ISIN
- PLDGTAV00013
- Exchange
- NewConnect
Quarterly results
| Period | Revenue | EBIT | Net profit |
|---|---|---|---|
| Q2 2026 | USD 37.55k | USD -173.69k | USD -173.96k |
| Q1 2026 | USD 2.43k | USD -287.14k | USD -287.41k |
| Q4 2025 | USD 98.95k | USD 131.59k | USD -16.83k |
| Q3 2025 | USD 798.34k | USD 240.83k | USD 135.61k |
Results for Q3 2026:Nov 16, 2026
Statistics
How the company ranks by revenue within its industry, region and across Poland in 2025.
Results vs industry
News
Nightmare Frontier coming soon to Steam
With an explosive gameplay trailer debuting exclusively on IGN.com, Ice Code Games announced the details of their upcoming new game Nightmare Frontier. The tactical extraction looter is the next evolution of turn-based tactical combat that ICG is acclaimed for. Building on the award-winning Hard West 2 and Rogue Waters, this new foray into the tactical
Ice Code Games secures major funding for AI-driven game design project Supremus
We are thrilled to announce that Ice Code Games has been awarded significant grant funding for our ambitious project titled “Supremus.” This initiative aims to improve game design by developing an innovative system which utilizes artificial intelligence to analyze gameplay patterns.The "Supremus" project is focused on enhancing game design processes by facilitating easier testing and
Publication of the Offering Document Regarding the Public Offering of Series J Shares
Ice Code Games wins double at CEEGA Awards
The Ice Code Games team has been honored with two prestigious Central and Eastern European Game Awards (CEEGA) for Hard West 2: Best Design and the coveted main trophy: Best Game.This recognition is a testament to our dedication, creativity, and the hard work that went into making Hard West 2 a standout experience. We want
Hard West 2 crowned as „Dzik Nie Indyk”
The New Year's Eve industry party is a time of celebration and reflection but also an opportunity to recognize the passing 12 months' standout titles developed by Polish studios. The Indie Games Poland foundation in collaboration with Game Industry Conference awarded coveted Boar statuettes to five developers, including Ice Code Games for the weird west
Industry
- Web portals (63.12.Z)Primary
Bank accounts
Registered as a VAT taxpayer on 2007-04-17. Active
32 1090 1883 0000 0001 4681 0269- 13 1090 1883 0000 0001 4681 0320
- 37 1090 1883 0000 0001 4681 0373
Debt
No entries in the National Debtors Register (KRZ). No proceedings in KRZ
MSiG notices
| Publication date | Event | |
|---|---|---|
| Jan 20, 2025 | Commercial Companies Code notice | |
| Aug 22, 2013 | Commercial Companies Code notice | |
| Oct 26, 2010 | Merger plan |
Public aid
7 public aid cases recorded, with a total value of $2,364,225.
| Grant date | Purpose | Gross amount | Granting body | |
|---|---|---|---|---|
| Sep 9, 2026 | De minimis aid (in accordance with Commission Regulation 2023/2831) | — | PIERWSZY MAZOWIECKI URZĄD SKARBOWY W WARSZAWIE | |
| Dec 29, 2023 | Aid for research and development projects: industrial research | — | Prezes Polskiej Agencji Rozwoju Przedsiębiorczości | |
| Dec 29, 2023 | Aid for research and development projects: experimental development | — | Prezes Polskiej Agencji Rozwoju Przedsiębiorczości |
Tenders
No recorded participation in tenders.
Authorized Representatives
Manner of representation
To submit declarations of will on behalf of the company and to represent it, in the case of a one-person management board, the President of the Management Board is authorized independently. In the case of a multi-member management board, the following persons are authorized: a) in the case of declarations of will resulting in the assumption of liabilities or the creation of receivables in an amount up to and not exceeding PLN 200,000.00 (two hundred thousand złoty zero groszy), each member of the management board independently; b) in the case of declarations of will resulting in the assumption of liabilities or the creation of receivables in an amount exceeding PLN 200,000.00 (two hundred thousand złoty zero groszy), two members of the management board acting jointly.
Supervisory board
Beneficial owners
No beneficial owners recorded for the company ICE Code Games.
Subsidiaries
| Name | Share value | Stake | |
|---|---|---|---|
Styl.Mediasp. z o.o. | 13,506.21 USD | 100% | |
Fashionstyle.Plsp. z o.o. | 7,428.42 USD | 55% | |
Investlabsp. z o.o. | 5,402.49 USD | 100% |
Competitors
| Name | Revenue | Website | |
|---|---|---|---|
| Igoria TradeS.A. | $1,817,411.11 | igoriatrade.com | |
| Aloha CampS.A. | $1,611,632.37 | alohacamp.com | |
| SonarhomeP.S.A. | $1,548,215.57 | sonarhome.pl | |
| Pitaxsp. z o.o. | $1,457,325.01 | pitax.pl | |
| Kurowski MoszczyńskiS.K.A. | $1,304,794.15 | propertygroup.pl | |
| LOS Internetos Lodziński SeremakS.K.A. | $1,258,753.22 | fly4free.pl | |
| BeesfundS.A. | $1,067,856.32 | beesfund.com | |
| Billtech Groupsp. z o.o. | $1,042,200.35 | billtech.pl | |
| Gdziepoleksp. z o.o. | $1,015,097.31 | gdziepolek.pl | |
| Antywebsp. z o.o. | $841,094.36 | antyweb.pl |
Change history
| Date | Event |
|---|---|
| 2025-10-30 | Share capital change (12,891,149.90 PLN → 17,796,269.90 PLN) |
| 2025-10-02 | Address change (Ul. Prosta 51, 00-838, Warszawa → Ul. Rakowiecka 34/5, 02-532, Warszawa) |
| 2025-06-17 | Share capital change (12,707,802.70 PLN → 12,891,149.90 PLN) |
| 2022-09-12 | Address change (Ul. Grzegórzecka 67d/26, 31-559, Kraków → Ul. Prosta 51, 00-838, Warszawa) |
| 2022-01-25 | Share capital change (1,271,002.70 PLN → 12,707,802.70 PLN) |
FAQ
Last updated: 2026-10-02