Qiiwi Games AB (publ) (QIIWI) - Net Assets

Latest as of March 2026: Skr15.12 Million SEK ≈ $1.63 Million USD

Based on the latest financial reports, Qiiwi Games AB (publ) (QIIWI) has net assets worth Skr15.12 Million SEK (≈ $1.63 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr16.42 Million ≈ $1.77 Million USD) and total liabilities (Skr1.30 Million ≈ $139.79K USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check QIIWI strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Skr15.12 Million
% of Total Assets	92.09%
Annual Growth Rate	7.42%
5-Year Change	-78.61%
10-Year Change	273.54%
Growth Volatility	110.2

Qiiwi Games AB (publ) - Net Assets Trend (2013–2025)

This chart illustrates how Qiiwi Games AB (publ)'s net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Qiiwi Games AB (publ) (QIIWI) total market value.

Annual Net Assets for Qiiwi Games AB (publ) (2013–2025)

The table below shows the annual net assets of Qiiwi Games AB (publ) from 2013 to 2025. Also explore QIIWI shareholders equity momentum to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	Skr15.88 Million ≈ $1.71 Million	-33.78%
2024-12-31	Skr23.98 Million ≈ $2.58 Million	-22.39%
2023-12-31	Skr30.90 Million ≈ $3.32 Million	-47.70%
2022-12-31	Skr59.07 Million ≈ $6.36 Million	-20.41%
2021-12-31	Skr74.22 Million ≈ $7.99 Million	+301.45%
2020-12-31	Skr18.49 Million ≈ $1.99 Million	+21.08%
2019-12-31	Skr15.27 Million ≈ $1.64 Million	-3.32%
2018-12-31	Skr15.79 Million ≈ $1.70 Million	+14.88%
2017-12-31	Skr13.75 Million ≈ $1.48 Million	+223.43%
2016-12-31	Skr4.25 Million ≈ $457.48K	+115.13%
2015-12-31	Skr1.98 Million ≈ $212.65K	-56.30%
2014-12-31	Skr4.52 Million ≈ $486.64K	-32.78%
2013-12-31	Skr6.73 Million ≈ $723.93K	--

Equity Component Analysis

This analysis shows how different components contribute to Qiiwi Games AB (publ)'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 1537800.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	Skr925.00K	5.83%
Other Comprehensive Income	Skr-78.31 Million	-493.17%
Other Components	Skr93.27 Million	587.35%
Total Equity	Skr15.88 Million	100.00%

Qiiwi Games AB (publ) Competitors by Market Cap

The table below lists competitors of Qiiwi Games AB (publ) ranked by their market capitalization.

Company	Market Cap
California Software Company Limited NSE:CALSOFT	$6.55 Million
Pipe Works L. Girakian Profil S.A. AT:PROFK	$6.55 Million
Bhakti Agung Propertindo JK:BAPI	$6.55 Million
tokentus investment AG MU:14D	$6.55 Million
Metal Bank Ltd AU:MBK	$6.55 Million
Eastern International Ltd. NASDAQ:ELOG	$6.55 Million
Nala Digital Commerce Ltd TA:SEFA	$6.54 Million
Golden Pharos Bhd KLSE:5649	$6.54 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Qiiwi Games AB (publ)'s equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 23,978,000 to 15,879,000, a change of -8,099,000 (-33.8%).
Net loss of 7,923,000 reduced equity.
Other comprehensive income decreased equity by 8,099,000.
Other factors increased equity by 7,923,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Skr-7.92 Million	-49.9%
Other Comprehensive Income	Skr-8.10 Million	-51.0%
Other Changes	Skr7.92 Million	+49.9%
Total Change	Skr-	-33.78%

Book Value vs Market Value Analysis

This analysis compares Qiiwi Games AB (publ)'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 3.82x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 7.19x to 3.82x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2013-12-31	Skr0.91	Skr6.58	x
2014-12-31	Skr0.61	Skr6.58	x
2015-12-31	Skr0.27	Skr6.58	x
2016-12-31	Skr0.58	Skr6.58	x
2017-12-31	Skr1.87	Skr6.58	x
2018-12-31	Skr1.92	Skr6.58	x
2019-12-31	Skr1.85	Skr6.58	x
2020-12-31	Skr2.25	Skr6.58	x
2021-12-31	Skr7.74	Skr6.58	x
2022-12-31	Skr6.39	Skr6.58	x
2023-12-31	Skr3.34	Skr6.58	x
2024-12-31	Skr2.59	Skr6.58	x
2025-12-31	Skr1.72	Skr6.58	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Qiiwi Games AB (publ) utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): -49.90%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -51.88%
• Asset Turnover: 0.88x
• Equity Multiplier: 1.10x
Recent ROE (-49.90%) is below the historical average (-30.42%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2013	43.40%	44.32%	0.90x	1.09x	Skr2.25 Million
2014	-15.59%	-18.59%	0.75x	1.12x	Skr-1.16 Million
2015	-128.85%	-134.64%	0.78x	1.22x	Skr-2.74 Million
2016	-43.78%	-51.11%	0.76x	1.12x	Skr-2.29 Million
2017	-20.18%	-28.28%	0.67x	1.07x	Skr-4.15 Million
2018	-33.82%	-29.71%	1.01x	1.13x	Skr-6.92 Million
2019	-2.78%	-1.92%	1.19x	1.21x	Skr-1.95 Million
2020	17.53%	3.12%	3.09x	1.82x	Skr1.39 Million
2021	-15.18%	-17.25%	0.80x	1.10x	Skr-18.03 Million
2022	-26.28%	-45.16%	0.56x	1.04x	Skr-21.43 Million
2023	-90.77%	-108.75%	0.73x	1.15x	Skr-31.13 Million
2024	-29.31%	-35.39%	0.76x	1.09x	Skr-9.43 Million
2025	-49.90%	-51.88%	0.88x	1.10x	Skr-9.51 Million

Industry Comparison

This section compares Qiiwi Games AB (publ)'s net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.

Industry Context

Industry: Electronic Gaming & Multimedia
Average net assets among peers: $619,326,031
Average return on equity (ROE) among peers: -90.85%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Qiiwi Games AB (publ) (QIIWI)	Skr15.12 Million	43.40%	0.09x	$6.55 Million
Enad Global 7 AB (EG7)	$30.66 Million	12.91%	0.55x	$152.37 Million
Embracer Group AB (publ) (EMBRAC-B)	$345.09 Million	20.85%	0.35x	$1.87 Billion
Flexion Mobile PLC (FLEXM)	$20.13 Million	-13.58%	1.10x	$17.99 Million
Fragbite Group AB (FRAG)	$66.84 Million	11.41%	0.42x	$5.06 Million
Fsport AB (FSPORT)	$3.21 Million	-697.11%	2.97x	$1.51 Million
G5 Entertainment publ AB (G5EN)	$230.48 Million	38.75%	0.82x	$50.13 Million
GiG Software PLC (GIG-SDB)	$54.20 Million	-147.97%	0.39x	$37.51 Million
LL Lucky Games publ AB (LADYLU)	$2.68 Million	-160.93%	0.12x	$14.78 Million
MAG Interactive AB (publ) (MAGI)	$334.97 Million	-0.96%	0.20x	$24.98 Million
Modern Times Group Mtg AB (MTG-A)	$5.11 Billion	28.15%	0.80x	$5.40 Million

About Qiiwi Games AB (publ)

ST:QIIWI Sweden Electronic Gaming & Multimedia

Market Cap

$6.55 Million

Skr60.86 Million SEK

Market Cap Rank

#28134 Global

#620 in Sweden

Share Price

Skr6.58

Change (1 day)

+13.06%

52-Week Range

Skr1.51 - Skr6.64

All Time High

Skr63.00