The company’s cash more than tripled last year, from 857,129 euros to 3.3 million euros.

Last year, Element Pictures’ conveyor belt of quality dramas continued with the release of Poor thingswith Emma Stone and Mark Ruffalo.

The film grossed $117.6 million worldwide, while Emma Stone won best actress at the Oscars in March, where the film was nominated for 11 Oscars, including best picture.

In 2022, the company, co-founded by Ed Guiney and Andrew Lowe, confirmed that it had sold a majority stake to global production and distribution giant Freemantle, which will allow the company to “expand its capabilities and continue to produce television and films to international audiences.” to produce”.

A note accompanying the new accounts said the directors were “pleased to announce a trading profit for the year and are confident of consolidating this position in the year ahead”.

The company achieved a profit in 2023, taking into account non-cash depreciation costs of €176,361 and a foreign currency loss of €191,532.

The accounts show that the company had forgiven related corporate loans worth €2.46m in the previous year as directors considered there was “no chance of these loans being repaid”.

Element Pictures’ recent film releases include Yorgos Lanthimos’ Types of kindnesswith Emma Stone, Jesse Plemons and Willem Dafoe.

Mr. Lanthimos’ next collaboration is with Element Pictures Bugoniastarring Emma Stone and Jesse Plemons and is scheduled to hit theaters in November 2025.

The number of employees at the production company increased from 33 to 37 last year.