T-Bull SA

T-Bull SA

GGPW:TBL
1.64
PLN
0.00
(0.00%)
-3.80EPS
3.11MMarket Cap
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
3.56
7.93
7.32
6.2
5.66
6.05
7.59
6.87
5.86
4.73
2.73
2.67
Basic EPS, GAAP
1.27
4.66
4.54
0.43
1.81
1.57
-18.63
-6.41
-3.13
-2.34
-3.75
-3.8
Free Cash Flow per Basic Share
-0.8
-0.1
-0.57
-1.95
-1.82
-1.53
-0.92
-2.93
-2.15
-0.52
-2.17
-1.87
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
2.58
7.12
11.53
12.52
14.33
17.42
16.26
9.43
5.61
2.63
-1.13
-1.35
Tangible Book Value per Share
0.63
3.55
5.71
7.44
5.25
4.47
4.86
3.57
2.48
- -
-1.26
-1.48
Basic Weighted Avg Shares
1
1
1
1
1
1
1
1
1
1
1
1
Sales/Revenue/Turnover
4
8
8
7
7
7
9
8
7
6
3
3
Operating Margin (%)
48.47
72.61
65.33
41.7
19.56
-5.38
-246.29
-19.44
-35.58
-19.37
-38.74
-38.16
Depreciation Expense
2
3
4
4
5
5
5
4
3
2
- -
- -
Net Income, GAAP
1
5
5
1
2
2
-22
-8
-4
-3
-4
-5
Effective Tax Rate (%)
22.19
16.38
12.38
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
35.68
58.77
62.05
6.94
31.99
25.97
-245.32
-93.39
-53.42
-49.52
-137.56
-142.29
Working Capital
1
-1
- -
2
2
2
3
2
2
- -
-2
-2
LT Debt
1
- -
- -
- -
- -
2
1
- -
1
1
1
- -
Total Equity
3
8
13
15
17
20
19
11
6
3
-1
-2
Return on Invested Capital (%)
- -
76.45
39.58
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
76.64
44.37
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
93.43
49.1
3.65
13.49
9.91
-112.15
-50.05
-41.66
-56.93
- -
- -

Capital Structure

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
1
1
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1
1
1
Market Capitalization
5
3
3

Working Capital

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1
1
1
Cash, Cash Equivalents & STI
- -
- -
- -
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
2
2
3
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

PLN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.5%
-56.85%
-143.17%
Free Cash Flow
104.64%
79.24%
318.64%
Net Income, GAAP
-91.88%
-278.85%
59.9%
Sales/Revenue/Turnover
4.18%
-11.51%
-42.43%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1
- -
1
1
6
2025
1
- -
1
1
3
2026
1
- -
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.2
- -
-0.27
-1.36
-2.34
2025
-0.53
- -
-0.06
-3
-3.75
2026
-0.22
- -
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

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

Company Description

CEO
Damian Lukasz Fijalkowski
Full Time Employees
26
Sector
Technology services
Industry
Packaged software
Address
Sky Tower Wroclaw DS Poland 53-445
IPO Date
Nov 3, 2016
Website
t-bull.com
Business
T-Bull S.A. is a prominent Polish studio dedicated to the creation, development, and distribution of interactive entertainment for mobile platforms. Headquartered in Wroclaw, the company boasts a diverse portfolio of titles spanning various genres, including popular racing simulators like Top Speed and Moto Rider GO, alongside action-packed experiences such as Tank Battle Heroes and Best Sniper. Their extensive collection also features engaging idle games, sports management, and adventure offerings, consistently reaching a global audience exceeding 600 million players across different app stores. The company, which also ventured into PC and console game development with new simulation projects in recent years, continues to innovate within the dynamic mobile gaming landscape.