1. Poland Stocks

  2. •

    Technology services

  3. •

    Packaged software
Ultimate Games SA

Ultimate Games SA

GGPW:ULG
11.80
PLN
+0.30
(+2.61%)
1.32EPS
8.45P/E
59.36MMarket Cap
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
TTM
Revenue per Share
- -
0.76
1.4
2.84
4.33
5.19
- -
6.82
Basic EPS, GAAP
- -
0.4
0.81
6.25
1.22
-1.52
- -
1.34
Free Cash Flow per Basic Share
- -
0.07
0.31
-0.08
0.19
0.08
- -
0.29
Dividend per Share
- -
- -
0.35
0.4
2
1.5
- -
1.01
Book Value per Share
0.35
0.73
1.58
8.79
8.6
5.48
4.93
5.16
Tangible Book Value per Share
0.35
0.71
1.55
8.77
8.55
5.46
4.93
5.16
Basic Weighted Avg Shares
5
5
5
5
5
5
5
5
Sales/Revenue/Turnover
- -
4
7
15
23
27
- -
35
Operating Margin (%)
- -
48.4
61.47
47.92
26.88
20.77
- -
27.03
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
- -
2
4
33
6
-8
- -
7
Effective Tax Rate (%)
- -
15.02
19.6
20.52
21.2
- -
- -
21.91
Profit Margin (%)
- -
52.56
58.14
219.89
28.17
-29.25
- -
19.69
Working Capital
2
3
7
26
25
22
- -
30
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
2
4
8
49
48
31
26
30
Return on Invested Capital (%)
- -
56.72
59.78
19.73
9.87
- -
- -
27.05
Return on Capital (%)
- -
74.3
71.11
114.96
13.76
- -
- -
28.52
Return on Common Equity (%)
- -
74.3
71.11
120.44
14.04
-21.57
- -
28.36

Capital Structure

PLN

•

in mil. unless spec.
Mar'24
Jun'24
Sep'24
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5
5
5
Market Capitalization
48
58
59

Working Capital

PLN

•

in mil. unless spec.
Mar'24
Jun'24
Sep'24
Total Current Assets
29
32
33
Cash, Cash Equivalents & STI
7
7
8
Accounts Receivable, Net
3
5
5
Inventories
17
17
17
Total Current Liabilities
2
6
2
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
- -
112.06%
-18.06%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9
13
- -
7
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.29
0.57
- -
0.31
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.5
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Mateusz Lukasz Zawadzki
Full Time Employees
35
Sector
Technology services
Industry
Packaged software
Address
Marszalkowska 87/102 Warsaw MZ Poland 00-683
IPO Date
Jun 15, 2018
Website
ultimate-games.com
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Business
Ultimate Games S.A. (ULG.WA) is a Poland-based video game developer and publisher specializing in the production and distribution of low-budget, high-margin simulator and hobby-themed games for PC, MAC, mobile (Android and iOS), Nintendo Switch, PlayStation, and Xbox platforms worldwide; core titles include the Ultimate Fishing Simulator series (PC, Xbox, PlayStation, Switch, mobile), Ultimate Fishing Simulator 2 (PC), Professional Fishing (PC, mobile), Fishing Adventure (PC, Xbox, Switch), Ultimate Hunting (PC), Deadliest Catch (PC), Priest Simulator (PC), Electrician Simulator (PC), Bouncy Bob, Darkest Hunters, and Earthworms, distributed digitally via Steam, Nintendo eShop, Google Play, App Store, and other platforms. The company, founded in 2016 and headquartered at Marszałkowska 87/102 in Warsaw, Poland, operates a business model centered on high-volume output through small, decentralized development teams and also provides porting and publishing services for third-party developers, particularly for consoles; it is part of the PlayWay S.A. Capital Group since PlayWay's significant investment in 2016. Recent developments include the acquisition of shares in Investlab ASI sp. z o.o. in September 2025, multiple loan repayments in September and October 2025, updates to its information policy in November 2025 to enhance market communication amid growing competition and numerous title releases, registration of statute changes, and preparations for an extraordinary general meeting in October 2025, alongside major shareholder notifications reflecting shifts in ownership structure.