diff --git a/README.md b/README.md
index c9f87905d..03bd1ba09 100755
--- a/README.md
+++ b/README.md
@@ -1,7 +1,7 @@
 yuzu emulator early access
 =============
 
-This is the source code for early-access 2011.
+This is the source code for early-access 2012.
 
 ## Legal Notice
 
diff --git a/src/shader_recompiler/frontend/maxwell/structured_control_flow.cpp b/src/shader_recompiler/frontend/maxwell/structured_control_flow.cpp
index 0eb156034..a80db8cec 100755
--- a/src/shader_recompiler/frontend/maxwell/structured_control_flow.cpp
+++ b/src/shader_recompiler/frontend/maxwell/structured_control_flow.cpp
@@ -875,10 +875,21 @@ private:
         std::vector<IR::Block*> demote_blocks;
         std::vector<IR::U1> demote_conds;
         u32 num_epilogues{};
+        u32 branch_depth{};
         for (const IR::AbstractSyntaxNode& node : syntax_list) {
+            if (node.type == Type::If) {
+                ++branch_depth;
+            }
+            if (node.type == Type::EndIf) {
+                --branch_depth;
+            }
             if (node.type != Type::Block) {
                 continue;
             }
+            if (branch_depth > 1) {
+                // Skip reordering nested demote branches.
+                continue;
+            }
             for (const IR::Inst& inst : node.data.block->Instructions()) {
                 const IR::Opcode op{inst.GetOpcode()};
                 if (op == IR::Opcode::DemoteToHelperInvocation) {