CD Projekt rises on FY beat, game production progress

CD Projekt SA

20/03/2026 08:33

** Poland's biggest game developer CD Projekt's CDR.WA shares rise about 8% after its FY results beat market expectations

** CD Projekt posts 2025 reported net profit of 594.7 million zlotys ($161.31 million), above 520 million zlotys seen in Reuters analyst poll

** It has also begun work on a video game based on its new proprietary IP codenamed "Hadar"

** "The company still has several cards up its sleeve that could surprise investors," Erste Group says, pointing to three other gaming projects, including a likely expansion for The Witcher 3

** Trigon DM expects CD Projekt to release new content ahead of the GTA VI launch window, aiming for early autumn at the latest

** As "Hadar" is progressing, the likelihood of three franchises coexisting in the long term increases, Trigon adds

** CD Projekt sits on top of Poland's blue-chip index WIG20 .WIG20

($1 = 3.6867 zlotys)

(Reporting by Adrianna Ebert)

((Adrianna.Ebert@thomsonreuters.com))