Profil:
Ten Square Games SAUPDATE: Ten Square Games posts net profit of PLN 20 mln, EBITDA of PLN 27 mln in Q2 2025
Listed mobile games producer and developer Ten Square Games posted a PLN 20 million (EUR 4.7 mln) attributable net profit and a PLN 27 million (EUR 6.3 mln) adjusted EBIDTA in the second quarter of 2025, slightly above the market expectations, according to company's financial report. The adjusted EBITDA fell by 1.1 percent year on year and by 11.5 percent on quarterly basis.
The net profit of Ten Square Games in the second quarter of 2025 fell to PLN 20 million (EUR 4.7 mln) from PLN 22 million (EUR 5.2 mln) in the prior year period, while turning out to be 5.8 percent higher than the expectations of analysts surveyed by PAP Biznes, who had forecast that it would amount to PLN 18.9 million (EUR 4.4 mln).
Revenues reached PLN 81.4 million (EUR 19.1 mln) and were 0.6 percent lower than the market expectations of PLN 81.9 million (EUR 19.2 mln), falling by 17.3 percent year on year and by 10.1 percent quarter on quarter.
EBIT amounted to PLN 23.6 million (EUR 5.54 mln), 0.8 percent above the consensus of PLN 21.3 million (EUR 5 mln). The company's operating profit increased by 1.3 percent year on year, while falling by 22.9 percent on quarterly basis.
Below are TSG's results reported for the second quarter of 2025 in comparison with PAP Biznes consensus and previous results.
| Q2 2025 | results | consensus | difference | y/y | q/q | YTD 2025 | y/y |
| PLN mln | PLN mln | % | % | % | |||
| Revenues | 81.4 | 81.9 | -0.6% | -17.3% | -10.1% | 171.9 | -5.1% |
| EBITDA | 27.0 | 24.8 | 9.1% | -1,00% | -11.3% | 57.5 | 0.1% |
| EBIT | 23.6 | 21.3 | 10.9% | 1.3% | -22.9% | 54.2 | -0.2% |
| Attrib. net profit | 20.0 | 18.9 | 5.7% | -9.1% | -27.3% | 47.5 | 0.2% |
| EBITDA margin | 33.2% | 30.3% | 2.95 | 5.47 | -0.48 | 33.47% | 1.72 |
| EBIT margin | 29.00% | 26.0% | 3.01 | 5.31 | -4.82 | 31.53% | 1.54 |
| net margin | 24.6% | 23.1% | 1.45 | 2.21 | -5.82 | 27.63% | 1.46 |
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