PlayWay Spolka Akcyjna

PlayWay Spolka Akcyjna

244.00
PLN
+5.50
(+2.31%)
16.00EPS
21.84P/E
1.64BMarket Cap
Nov 27Next Earn
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.73
2.07
5.98
10.9
17.61
24.86
35.59
38.98
41.51
45.73
45.18
46.02
Basic EPS, GAAP
0.99
0.93
2.39
7.12
13.17
30.3
19.34
17.02
16.17
26.38
10.59
11.29
Free Cash Flow per Basic Share
0.42
-0.2
1.62
5.4
6.27
8.03
19.21
17.48
18.78
22.85
19.1
20.93
Dividend per Share
- -
- -
- -
2.38
3.22
10.4
19.58
23.26
23.12
24.2
26.76
24.6
Book Value per Share
2.29
7.3
9.8
14.76
26.52
54
66.56
63.68
60.91
63.79
52.99
58.38
Tangible Book Value per Share
2.19
7.05
9.45
14.44
26.11
53.53
65.93
63.15
60.4
45.36
32.45
38.08
Basic Weighted Avg Shares
6
6
7
7
7
7
7
7
7
7
7
7
Sales/Revenue/Turnover
10
13
39
72
116
164
235
257
274
302
298
303
Operating Margin (%)
72.21
53.17
54.42
69.01
70.82
71.96
65.53
67.68
61.85
62.65
52.57
51.44
Depreciation Expense
- -
- -
- -
- -
1
1
1
1
2
18
33
42
Net Income, GAAP
6
6
16
47
87
200
128
112
107
174
70
74
Effective Tax Rate (%)
19.98
12.96
18.77
18.19
10.84
14.55
7.46
7.24
5.21
10.46
2.75
3.57
Profit Margin (%)
57.37
44.93
39.97
65.34
74.78
121.87
54.35
43.66
38.96
57.67
23.44
24.53
Working Capital
14
49
65
92
157
250
343
363
378
300
269
315
LT Debt
- -
1
- -
- -
- -
- -
1
2
2
1
1
5
Total Equity
15
50
70
114
199
415
521
504
479
504
437
480
Return on Invested Capital (%)
- -
15.71
27.96
43.27
46.67
32.8
30.28
31.08
30.41
34.12
30.5
28.24
Return on Capital (%)
- -
17.69
23.89
42.19
48.9
55.35
22.51
17.05
17.74
27.42
8.72
7.77
Return on Common Equity (%)
- -
18.25
27.95
58.02
63.8
75.26
32.09
26.13
25.96
42.3
18.06
17.9

Capital Structure

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1
1
2
LT Borrowings
- -
- -
- -
LT Finance Leases
1
1
5
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
7
7
7
Market Capitalization
1,865
1,706
1,643

Working Capital

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
371
290
333
Cash, Cash Equivalents & STI
198
228
279
Accounts Receivable, Net
51
38
47
Inventories
117
- -
- -
Total Current Liabilities
19
22
18
Payables & Accruals
- -
- -
- -
ST Debt
1
1
2
Deferred Revenue
- -
- -
- -

Growth Rates

PLN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
52.75%
1.82%
-13.47%
Free Cash Flow
-70.28%
28.6%
-16.44%
Net Income, GAAP
53.71%
-9.98%
-59.84%
Sales/Revenue/Turnover
48.81%
13.63%
-1.2%
Total Cash Common Dividend
- -
24.34%
10.58%

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
67
82
74
80
302
2025
69
73
75
82
298
2026
73
- -
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5.62
7.45
6.93
5.84
26.38
2025
4.56
5.41
1.79
-1.3
10.59
2026
5.35
- -
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
21.33
2.4
24.2
2025
- -
- -
24.29
0.26
26.76
2026
- -
- -
- -
- -
- -

Company Description

CEO
Krzysztof Kostowski
Full Time Employees
2
Sector
Technology services
Industry
Packaged software
Address
Bluszczanska 76 lok 6 Warsaw MZ Poland 00-712
IPO Date
Oct 19, 2016
Business
PlayWay S.A. is a Polish video game developer and publisher specializing in PC, console, and mobile games. Founded in 2011 and headquartered in Warsaw, Poland, the company operates through two main segments: computer games and mobile games. Its core products include popular game titles such as Car Mechanic Simulator, House Flipper, Thief Simulator, Uboat, Contraband Police, Crime Scene Cleaner, Hard West, Professional Farmer 2014, and Ancient Space. The mobile games division develops and publishes games for Android and iOS platforms, including Car Mechanic Simulator 2014 Mobile, Cook It Up, and Diner Mania, and also produces games for PlayStation and Xbox consoles. PlayWay distributes its games primarily through digital platforms such as Steam, the App Store, and Google Play. Its primary markets include the USA, China, and Germany, which together account for approximately 60% of its sales. The company holds direct ownership stakes in over 100 game development studios, working with numerous teams across Poland to diversify and expand its portfolio, with over 200 games currently in development. Recent major developments include a successful 2024 financial year with a 10.5% increase in net revenue to 302.9 million PLN and a 63.5% increase in net profit to 206.5 million PLN. House Flipper remains the company's top-grossing title, generating 77.1 million PLN revenue in 2024. PlayWay entered into more than a dozen new strategic partnerships during the year to finance and promote the development of new games. The company also sold a 53.27% stake in Big Cheese Studio for 31.17 million PLN in 2024. Along with ongoing development of sequels and new game titles, PlayWay focuses on expanding its market reach and operational scale, reinforcing its position as a leading game developer and publisher in Poland and internationally. PlayWay's subsidiaries include CreativeForge Games SA, Madmind Studio Sp z oo, Atomic Jelly Sp z oo, and Fishing Games Sp z oo, reflecting its diversified investment in the gaming industry ecosystem. The company continues to emphasize broad platform coverage, geographic diversification, and a wide variety of game genres to minimize risk and capture growth opportunities in the global electronic gaming and multimedia sector. The company is led by CEO Krzysztof Kostowski, founder and an experienced industry figure with more than two decades of experience. PlayWay's strategic focus remains on producing medium and low-budget games with high quality and broad appeal to both PC and mobile gamers worldwide through digital sales channels. Its operational model leverages multiple development teams distributed across cities in Poland, supporting an expansive and diverse game release pipeline. In summary, PlayWay S.A. is a Warsaw-based developer and publisher of a broad portfolio of PC, console, and mobile games, distributing through major digital platforms globally. The company has shown strong financial growth and strategic expansion through partnerships and sales of stakes in subsidiary studios, maintaining a diversified and growing catalog of over 200 games under development with a significant presence in key international markets.