Ten Square Games SA

Ten Square Games SA

20.80
EUR
-1.20
(-5.45%)
2.10EPS
10.19P/E
136.29MMarket Cap
Nov 09Next Earn
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3.75
15.84
33.31
79.75
87.14
73.55
59.45
55.94
55.88
58.36
Basic EPS, GAAP
1.17
5.01
10.55
20.91
19.41
7.06
2.07
9.71
11.88
9.03
Free Cash Flow per Basic Share
1
5.43
8.7
26.2
24.19
13.45
15.1
15.87
14.65
12.02
Dividend per Share
0.4
0.87
3.77
3.78
9.99
9.89
7.13
- -
15.45
- -
Book Value per Share
1.61
5.78
12.72
32.76
48.08
46.36
39.68
38.34
34.65
29.94
Tangible Book Value per Share
1.38
5.48
12.26
32.11
11.44
9.99
15.74
12.37
10.09
5.31
Basic Weighted Avg Shares
7
7
7
7
7
7
7
7
6
6
Sales/Revenue/Turnover
27
115
241
578
634
538
436
386
362
373
Operating Margin (%)
40.19
39.04
35.49
29.71
26.81
22.54
20.43
20.33
24.7
18.29
Depreciation Expense
1
1
1
3
8
16
20
17
13
13
Net Income, GAAP
8
36
76
152
141
52
15
67
77
58
Effective Tax Rate (%)
17.8
18.68
9.74
11.32
12.79
17.71
10.8
9.48
10.11
11.78
Profit Margin (%)
31.12
31.64
31.68
26.22
22.28
9.59
3.49
17.36
21.27
15.48
Working Capital
10
40
88
229
117
94
105
62
33
3
LT Debt
- -
- -
- -
7
9
5
1
6
3
2
Total Equity
12
42
92
238
351
340
291
243
220
191
Return on Invested Capital (%)
- -
114.45
103.04
85.23
45.18
15.88
0.92
23.1
30.04
25.74
Return on Capital (%)
- -
135.63
113.82
89.6
47.97
15.93
6.42
25.53
32.83
30.68
Return on Common Equity (%)
- -
135.63
113.81
91.82
47.96
14.93
4.82
25.11
33.2
30.28

Capital Structure

PLN

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
3
3
3
LT Borrowings
- -
- -
- -
LT Finance Leases
3
3
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6
6
6
Market Capitalization
564
620
586

Working Capital

PLN

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
179
196
129
Cash, Cash Equivalents & STI
120
137
73
Accounts Receivable, Net
33
35
31
Inventories
- -
- -
- -
Total Current Liabilities
146
147
125
Payables & Accruals
- -
- -
- -
ST Debt
3
3
3
Deferred Revenue
- -
- -
- -

Growth Rates

PLN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
0.82%
-9.41%
Free Cash Flow
- -
-10.66%
-13.44%
Net Income, GAAP
- -
43%
14.74%
Sales/Revenue/Turnover
- -
-8.43%
-6.35%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
100
98
94
94
386
2025
97
84
90
90
362
2026
99
94
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.45
3.47
1.7
2.3
9.71
2025
4.24
3.14
2.8
1.84
11.88
2026
2.1
2.29
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
15.45
2026
- -
- -
- -
- -
- -

Company Description

CEO
Andrzej Ilczuk
Full Time Employees
189
Sector
Technology services
Industry
Packaged software
Address
45 Traugutta Street Wroclaw DS Poland 50-416
IPO Date
May 8, 2018
Business
Ten Square Games S.A. (TEN.WA) develops and publishes free-to-play mobile games focused on casual gaming, primarily targeting a global audience of mobile gamers with hyper-casual and hybrid-casual titles. The company offers core products including hit titles such as Fishing Clash, which features realistic fishing simulations with competitive multiplayer elements; Hunting Clash, a hunting-themed game with advanced graphics and social features; and other portfolio games like Horse Ride, Pyramid Jump, and Jump Clash, all distributed through app stores including Google Play and Apple App Store. Its services encompass game development using proprietary technologies for cross-platform play, live operations for ongoing content updates and monetization via in-app purchases, and data-driven optimization for user acquisition and retention. Founded in 2011 and headquartered in Wroclaw, Poland, Ten Square Games operates primarily in Europe with expanding presence in North America and Asia, serving individual players aged 18-45 through digital platforms without physical retail. The company segments its business into hunting/fishing simulators and lighter hyper-casual games, leveraging a studio model with in-house teams for rapid prototyping and global launches. In recent developments, Ten Square Games reported steady revenue growth in 2024-2025 from core titles amid a strategic shift toward hybrid-casual expansions, including enhancements to Fishing Clash with new AR features and seasonal events; no major acquisitions or funding rounds occurred in the last two years, but the company announced partnerships with advertising networks for improved monetization in Q3 2025 and launched two new prototype games in beta testing for 2026 release. It maintains a lean structure without notable subsidiaries or parent entities, focusing on organic growth and cost efficiencies post-2023 market adjustments in mobile gaming.