1. Poland Stocks

  2. •

    Technology

  3. •

    Software - Application
CI Games S.A.

CI Games S.A.

CIGMF
CI Games S.A.US flagOther OTC
0.83
USD
- -
- -
157.62MMarket Cap
CI Games S.A.
CIGMF
(Other OTC)

Recent

price

0.83

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.68
0.65
0.33
0.77
0.78
0.18
1.61
0.68
0.15
0.31
0.27
0.58
0.31
1.29
0.44
- -
0.37
Revenue per Share
0.21
0.13
-0.16
0.21
0.01
-0.06
-1.08
0.04
-0.15
-0.02
0.04
0.21
0.04
0.03
-0.04
- -
- -
Basic EPS, GAAP
0.22
0.05
-0.17
-0.01
0.03
-0.06
-1.58
0.08
-0.1
-0.14
-0.01
0.05
-0.27
-0.06
0.12
- -
-0.18
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.17
0.31
0.15
0.35
0.37
0.31
1.8
0.22
-0.02
-0.04
0.01
0.21
0.24
0.27
0.16
- -
0.23
Book Value per Share
0.24
0.26
0.01
0.26
0.38
0.21
1.62
0.24
0.01
0.04
0.22
0.3
-0.05
-0.09
-0.18
- -
-0.15
Tangible Book Value per Share
126
126
126
139
139
139
15
151
151
155
168
183
183
183
184
- -
191
Basic Weighted Avg Shares
86
82
41
107
109
25
24
103
22
47
46
106
57
236
81
74
71
Sales/Revenue/Turnover
39.72
25.85
-14
21.25
4.32
-37.73
-54.89
13.9
-31.65
-3.22
19.43
40.17
14.76
11.05
-5.32
3.77
8.66
Operating Margin (%)
6
6
3
17
42
11
15
25
12
19
19
20
8
68
48
32
29
Depreciation Expense
27
17
-20
30
2
-8
-16
5
-23
-3
7
38
8
6
-7
3
1
Net Income, GAAP
17.36
24.14
- -
- -
9.94
- -
- -
50.97
- -
1,413.7
16.82
10.45
24.69
58.52
- -
- -
9.42
Effective Tax Rate (%)
31.25
20.71
-48.04
27.69
1.91
-31.42
-67.02
5.29
-103.22
-6.06
15.42
36.33
14.46
2.59
-8.57
4.63
1.18
Profit Margin (%)
26
29
-5
13
31
7
3
20
11
4
36
51
-12
-13
-5
-80
-32
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
13
- -
6
4
3
1
- -
4
- -
LT Debt
43
58
40
81
83
75
84
89
54
60
97
135
142
153
156
161
228
Total Equity
77.39
31.35
- -
- -
5.22
- -
- -
7.26
- -
26.26
7.98
31.07
4.12
5.73
- -
- -
- -
Return on Invested Capital (%)
185.52
51.54
- -
- -
4.34
- -
- -
13.42
- -
-69.62
54.78
146.59
14.19
6.47
- -
- -
1.65
Return on Capital (%)
- -
55.08
-67.69
87.2
4.16
-16.67
-46.2
18.29
- -
- -
- -
194.45
19.97
13.05
-17.56
9.19
2.28
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
40
49
57
LT Borrowings
- -
4
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
191
191
191
Market Capitalization
1,076
1,063
514

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
21
31
101
Cash, Cash Equivalents & STI
7
11
15
Accounts Receivable, Net
3
12
8
Inventories
- -
- -
- -
Total Current Liabilities
53
110
133
Payables & Accruals
- -
- -
- -
ST Debt
40
49
57
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.81%
11.55%
3.24%
Free Cash Flow
-214.91%
-381.72%
-289.14%
Net Income, GAAP
-100.35%
-5.28%
-149.37%
Sales/Revenue/Turnover
68.17%
65.09%
-8.67%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
22
37
11
12
81
2025
16
25
11
22
74
2026
14
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
-0.01
- -
-0.04
2025
0.01
- -
-0.05
- -
- -
2026
-0.01
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
CI Games S.A. is a Warsaw-based Polish video game developer and publisher specializing in AAA multi-platform video games. Its core products include the action RPG titles Lords of the Fallen and the Sniper: Ghost Warrior series, as well as other games such as Eldest Souls, Survive, and Tails of Iron. The company develops and distributes games across platforms including PlayStation, Xbox, and PC, selling directly to retail as well as through digital distribution channels globally in Europe, the Americas, Asia, and Africa. Founded in 2002 as City Interactive S.A., it rebranded to CI Games and has expanded its operations with studios located in Warsaw, Barcelona, Bucharest, the UK, and the US. Recent major changes include the launch of the Version 1.5 update "Master of Fate" for Lords of the Fallen in 2024, strategic steps toward a potential dual listing on the London Stock Exchange with the appointment of a leading investment bank and an experienced CFO, and a significant acquisition of shares by Active Ownership Group Ltd. in 2024 related to corporate reorganization. The company has also implemented cost-cutting measures including workforce reduction in early 2024 amid industry challenges and raised capital through share issuance to support its growth strategy. CI Games maintains a strong focus on developing proprietary intellectual property and expanding its publishing footprint while continuing to serve a global gaming audience.