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  2. •

    Technology services

  3. •

    Packaged software
T-Bull SA

T-Bull SA

GGPW:TBL
1.63
PLN
-0.01
(-0.61%)
-3.80EPS
3.11MMarket Cap
T-Bull SA
GPW:TBL
(Warsaw Stock Exchange)

Recent

price

1.63

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
PLN
3.56
7.93
7.32
6.2
5.66
6.05
7.59
6.87
5.86
4.73
2.73
2.67
Revenue per Share
1.27
4.66
4.54
0.43
1.81
1.57
-18.63
-6.41
-3.13
-2.34
-3.75
-3.8
Basic EPS, GAAP
-0.8
-0.1
-0.57
-1.95
-1.82
-1.53
-0.92
-2.93
-2.15
-0.52
-2.17
-1.87
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend 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
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
Tangible Book Value per Share
1
1
1
1
1
1
1
1
1
1
1
1
Basic Weighted Avg Shares
4
8
8
7
7
7
9
8
7
6
3
3
Sales/Revenue/Turnover
48.47
72.61
65.33
41.7
19.56
-5.38
-246.29
-19.44
-35.58
-19.37
-38.74
-38.16
Operating Margin (%)
2
3
4
4
5
5
5
4
3
2
- -
- -
Depreciation Expense
1
5
5
1
2
2
-22
-8
-4
-3
-4
-5
Net Income, GAAP
22.19
16.38
12.38
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
35.68
58.77
62.05
6.94
31.99
25.97
-245.32
-93.39
-53.42
-49.52
-137.56
-142.29
Profit Margin (%)
1
-1
- -
2
2
2
3
2
2
- -
-2
-2
Working Capital
1
- -
- -
- -
- -
2
1
- -
1
1
1
- -
LT Debt
3
8
13
15
17
20
19
11
6
3
-1
-2
Total Equity
- -
76.45
39.58
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
76.64
44.37
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
93.43
49.1
3.65
13.49
9.91
-112.15
-50.05
-41.66
-56.93
- -
- -
Return on Common Equity (%)

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
- -
- -
- -
- -
- -
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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.