1. Poland Stocks

  2. •

    Technology

  3. •

    Electronic Gaming & Multimedia
Artifex Mundi S.A.

Artifex Mundi S.A.

ART.WA
Artifex Mundi S.A.PL flagWarsaw Stock Exchange
21.90
PLN
-0.25
- -
260.88MMarket Cap
Artifex Mundi S.A.
ART.WA
(Warsaw Stock Exchange)

Recent

price

21.90

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.75
2.25
1.95
1.85
1.4
2.16
3.28
3.24
6.93
8.69
8.05
7.91
Revenue per Share
0.7
0.55
-0.34
-0.96
-1.15
0.69
1.07
1.01
2.09
2.3
2.13
1.86
Basic EPS, GAAP
-0.15
-0.03
-0.52
-0.46
-0.53
0.65
0.42
0.44
0.58
0.52
-0.21
-0.24
Free Cash Flow per Basic Share
0.02
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.68
0.47
-0.52
-1.51
-0.29
0.4
1.34
2.35
4.45
6.8
8.83
9.3
Book Value per Share
2.18
3.8
3.31
3.16
1.75
2.46
3.48
4.63
6.78
9.06
11.25
11.76
Tangible Book Value per Share
10
10
10
11
12
12
12
12
12
12
12
12
Basic Weighted Avg Shares
17
23
21
20
17
26
39
39
82
104
96
94
Sales/Revenue/Turnover
55.12
36.41
25.26
20.96
25.68
48.36
38.64
25.48
28.95
28.53
25.39
24.34
Operating Margin (%)
- -
- -
1
- -
1
1
1
1
1
2
2
2
Depreciation Expense
7
6
-4
-10
-14
8
13
12
25
27
25
22
Net Income, GAAP
20.93
23.41
- -
- -
- -
19.14
12.1
3.76
9.18
8.52
6.14
5.78
Effective Tax Rate (%)
40.3
24.62
-17.49
-52.06
-82.26
32.04
32.61
31.3
30.21
26.47
26.44
23.54
Profit Margin (%)
21
38
33
30
14
24
37
51
72
98
128
134
Working Capital
- -
- -
- -
- -
3
2
1
- -
- -
5
4
4
LT Debt
23
39
35
35
21
29
42
55
81
108
134
140
Total Equity
- -
19.79
- -
- -
- -
35.74
35.12
18.82
31.25
27.39
17.91
16.08
Return on Invested Capital (%)
- -
97.37
- -
- -
- -
214.74
99.82
51.56
60.33
39.52
26.02
21.37
Return on Capital (%)
- -
96.7
- -
- -
- -
- -
123.1
54.92
61.59
40.92
27.25
22.12
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1
1
1
LT Borrowings
- -
- -
- -
LT Finance Leases
5
4
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
12
12
12
Market Capitalization
176
158
210

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
138
145
151
Cash, Cash Equivalents & STI
29
30
28
Accounts Receivable, Net
12
11
14
Inventories
94
101
107
Total Current Liabilities
19
17
17
Payables & Accruals
- -
- -
- -
ST Debt
1
1
1
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
24.03%
35.68%
24.35%
Free Cash Flow
121.17%
-30.01%
-140.81%
Net Income, GAAP
3.6%
31.68%
-7.39%
Sales/Revenue/Turnover
23.83%
36.55%
-7.29%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
28
25
26
25
104
2025
27
26
22
21
96
2026
25
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.62
- -
0.63
- -
2.3
2025
0.72
- -
0.43
- -
2.13
2026
0.45
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Similar Companies
Focus Entertainment S.A. (ALFOC.PA)
Voltage Incorporation (3639.T)
Silicon Studio Corporation (3907.T)
Whole Easy Internet Technology Co., Ltd. (002464.SZ)
Nitro Games Oyj (NITRO.ST)
Akatsuki Inc. (3932.T)
Business
Artifex Mundi S.A. is a Poland-based interactive entertainment company specializing in the development and publishing of casual video games, primarily within the adventure and puzzle genres. The company offers a diverse portfolio of products including hidden object games, puzzle-solving games, and story-driven adventure titles under various brands such as "Enigmatis," "Grim Legends," and "Detectives United." Artifex Mundi’s products are available across multiple platforms including PC, consoles, and mobile devices, targeting casual gamers worldwide. Founded in 2007, the company is headquartered in Warsaw, Poland, and operates globally with a strong presence in the digital game distribution market. Recently, Artifex Mundi has focused on expanding its digital distribution and platform reach, including partnerships with major digital storefronts and launching new game titles that integrate advanced storytelling and gameplay mechanics to enhance user engagement. Within the last 1-2 years, the company has also invested in broadening its publishing capabilities, targeting a wider demographic across both casual and core gaming segments. These strategic initiatives include releasing new games with richer narratives and improved graphics, potentially involving collaborations or alliances with other digital entertainment or technology partners to strengthen its market position. Artifex Mundi operates primarily within the video game development and publishing industry, targeting markets in Europe, North America, and beyond. Its core customer base includes casual gamers seeking narrative-rich and visually engaging game experiences. The company maintains full development and publishing control over its intellectual property, emphasizing proprietary game creation with consistent updates and new releases to sustain player interest. Artifex Mundi also leverages subsidiaries or partnered distribution channels to maximize market penetration. Its business is characterized by a strong focus on innovation in casual gaming content, digital platform adaptability, and expanding its audience reach through strategic marketing and partnerships.