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    Software - Application
Games Operators S.A.

Games Operators S.A.

GOP.WA
Games Operators S.A.PL flagWarsaw Stock Exchange
13.30
PLN
-0.05
- -
73.14MMarket Cap
Games Operators S.A.
GOP.WA
(Warsaw Stock Exchange)

Recent

price

13.30

P/E

ratio

- -

div

yld

- -

ROIC.AI

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
0.19
0.85
1.28
1.51
1.89
1.09
0.86
5.26
2.69
5.65
Revenue per Share
- -
0.15
0.7
0.83
0.01
0.46
0.61
0.14
2.36
0.63
2.49
Basic EPS, GAAP
- -
-0.03
0.53
0.34
0.47
0.65
0.42
-0.44
1.6
0.41
1.51
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
0.34
0.43
0.6
0.21
1
0.21
Dividend per Share
- -
0.25
0.8
0.93
0.11
2.1
2.25
1.78
3.93
3.56
4.11
Book Value per Share
- -
0.19
0.92
1.99
3.27
3.48
3.6
2.45
4.68
4.38
4.87
Tangible Book Value per Share
5
5
5
5
5
5
5
5
5
5
5
Basic Weighted Avg Shares
- -
1
4
7
8
10
6
5
29
15
31
Sales/Revenue/Turnover
- -
95.79
93.29
78.84
6.86
18.48
34.01
29.56
47.41
37.02
48.87
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
1
1
1
Depreciation Expense
- -
1
4
4
- -
2
3
1
13
3
14
Net Income, GAAP
- -
15.06
14.92
19.73
92.17
4.97
8.32
- -
7.03
5.28
7.41
Effective Tax Rate (%)
- -
80.8
82.65
64.65
0.5
24.1
55.73
15.85
44.84
23.38
44.03
Profit Margin (%)
- -
1
5
10
17
18
19
12
23
20
24
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
- -
1
5
11
18
19
20
17
29
27
30
Total Equity
- -
114.37
110.14
53.2
0.3
9.63
9.32
- -
54.06
18.31
57.96
Return on Invested Capital (%)
- -
121
134.15
97.22
1.52
39.63
27.23
- -
81.7
16.78
88.14
Return on Capital (%)
- -
- -
134.02
96.91
1.51
41.29
28.14
6.78
82.59
16.8
83.71
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'24
Dec'24
Mar'25
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5
5
5
Market Capitalization
105
76
95

Working Capital

FRC

•

in mil. unless spec.
Sep'24
Dec'24
Mar'25
Total Current Assets
27
26
27
Cash, Cash Equivalents & STI
15
15
14
Accounts Receivable, Net
5
2
3
Inventories
7
6
8
Total Current Liabilities
6
3
3
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
12.17%
-6.95%
Free Cash Flow
- -
-146.94%
-74.26%
Net Income, GAAP
- -
1,516.66%
-73.32%
Sales/Revenue/Turnover
- -
85.67%
-48.83%
Total Cash Common Dividend
- -
- -
376.1%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1
19
5
4
29
2025
3
4
3
- -
15
2026
3
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
- -
0.3
- -
2.36
2025
0.15
0.29
- -
- -
0.63
2026
0.3
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.21
- -
0.21
2025
- -
1
- -
- -
1
2026
- -
- -
- -
- -
- -
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Business
Games Operators S.A. (GOP.WA) is a Poland-based publishing and investment company specializing in the video game industry, focusing on funding, developing, releasing, and promoting high-quality titles for PC, Mac, and mobile platforms. The company builds a diversified portfolio of games through outsourcing development to external partners ranging from individual creators to full teams, while engaging projects at all stages from concept to near-completion; it provides technical and conceptual consultations via its internal subsidiary Jutsu Games, creators of the hit title 911 Operator. Core products include strategy and simulation games such as 911 Operator, 112 Operator, Counter Terrorist Agency, Radio Commander, BE-A Walker, Rustler, Transport INC, and the recently launched Dust Raiders, a management strategy game set in a post-apocalyptic wasteland featuring vehicle upgrades, tactical combat, and dynamic economy systems; titles are distributed globally via digital platforms like Steam, with primary markets in the USA and Europe. Founded in 2017 and headquartered in Warsaw, Poland, at Bukowińska 22B/501, the company relocated its registered office in July 2025 and appointed a new supervisory board following its June 2025 annual general meeting, alongside issuing post-launch sales reports for Dust Raiders in July 2025 and notifications of major shareholding changes and directors' dealings in August 2025. Games Operators S.A. operates in the software publishing segment of the entertainment industry, targeting gamers worldwide with innovative, long-life-cycle titles expandable via DLCs and sequels.