TEN SQUARE GAMES SA Net Assets

Latest as of June 2026: zł190.53 Million PLN ≈ $52.44 Million USD

TEN SQUARE GAMES SA net assets. Based on the latest financial reports, TEN SQUARE GAMES SA (TEN) has net assets worth zł190.53 Million PLN (≈ $52.44 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł321.70 Million ≈ $88.54 Million USD) and total liabilities (zł131.17 Million ≈ $36.10 Million 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. Also explore TEN SQUARE GAMES SA equity growth rate to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric	Value
Current Net Assets	zł190.53 Million
% of Total Assets	59.23%
Annual Growth Rate	45.67%
5-Year Change	-37.23%
10-Year Change	3722.9%
Growth Volatility	87.89

Net Assets of TEN SQUARE GAMES SA (2015–2025)

Net assets of TEN SQUARE GAMES SA from 2015 to 2025. This chart illustrates how TEN SQUARE GAMES SA's net assets have evolved over time, based on quarterly financial data. See net asset quality index of TEN SQUARE GAMES SA to measure how much of total assets are equity-financed.

Annual Net Assets for TEN SQUARE GAMES SA (2015–2025)

The table below shows the annual net assets of TEN SQUARE GAMES SA from 2015 to 2025. For live market cap and overall valuation, see TEN market cap overview.

Year	Net Assets	Change
2025-12-31	zł220.37 Million ≈ $60.65 Million	-9.41%
2024-12-31	zł243.26 Million ≈ $66.95 Million	-16.41%
2023-12-31	zł291.01 Million ≈ $80.09 Million	-15.02%
2022-12-31	zł342.47 Million ≈ $94.25 Million	-2.45%
2021-12-31	zł351.05 Million ≈ $96.61 Million	+47.47%
2020-12-31	zł238.05 Million ≈ $65.51 Million	+158.34%
2019-12-31	zł92.14 Million ≈ $25.36 Million	+118.95%
2018-12-31	zł42.08 Million ≈ $11.58 Million	+260.02%
2017-12-31	zł11.69 Million ≈ $3.22 Million	+102.79%
2016-12-31	zł5.76 Million ≈ $1.59 Million	+12.56%
2015-12-31	zł5.12 Million ≈ $1.41 Million	--

Equity Component Analysis

This analysis shows how different components contribute to TEN SQUARE GAMES SA'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 3649.3% over the analyzed period, indicating profitable operations and earnings retention.

TEN SQUARE GAMES SA Net Assets Breakdown (December 2025)

TEN SQUARE GAMES SA net assets breakdown by equity component as of December 2025.

Component	Amount	Percentage
Retained Earnings	zł142.45 Million	64.64%
Common Stock	zł647.60K	0.29%
Other Comprehensive Income	zł90.73 Million	41.17%
Total Equity	zł220.37 Million	100.00%

TEN SQUARE GAMES SA Competitors by Market Cap

The table below lists competitors of TEN SQUARE GAMES SA ranked by their market capitalization.

Company	Market Cap
Media Capital LS:MCP	$160.58 Million
Tianjin Capital Environmental Protection Group Company Limited F:TIA	$160.59 Million
Inversora Juramento SA BA:INVJ	$160.62 Million
Onewater Marine NASDAQ:ONEW	$160.66 Million
FIGX Capital Acquisition Corp. Class A Ordinary Share NASDAQ:FIGX	$160.51 Million
Manaksia Coated Metals & Industries Limited NSE:MANAKCOAT	$160.48 Million
Stoneridge Inc NYSE:SRI	$160.38 Million
WZ Satu Berhad KLSE:7245	$160.37 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in TEN SQUARE GAMES SA's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 243,263,256 to 220,367,790, a change of -22,895,466 (-9.4%).
Net income of 76,963,750 contributed positively to equity growth.
Dividend payments of 100,040,678 reduced retained earnings.
New share issuances of 1,515 increased equity.
Other comprehensive income increased equity by 2,200,919.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	zł76.96 Million	+34.93%
Dividends Paid	zł100.04 Million	-45.4%
Share Issuances	zł1.51K	+0.0%
Other Comprehensive Income	zł2.20 Million	+1.0%
Other Changes	zł-2.02 Million	-0.92%
Total Change	zł-	-9.41%

Book Value vs Market Value Analysis

This analysis compares TEN SQUARE GAMES SA'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: 2.64x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 127.79x to 2.64x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2015-12-31	zł0.72	zł91.50	x
2016-12-31	zł0.76	zł91.50	x
2017-12-31	zł1.62	zł91.50	x
2018-12-31	zł5.78	zł91.50	x
2019-12-31	zł12.73	zł91.50	x
2020-12-31	zł32.83	zł91.50	x
2021-12-31	zł48.24	zł91.50	x
2022-12-31	zł46.83	zł91.50	x
2023-12-31	zł39.68	zł91.50	x
2024-12-31	zł35.21	zł91.50	x
2025-12-31	zł34.63	zł91.50	x

Capital Efficiency Dashboard

This dashboard shows how efficiently TEN SQUARE GAMES SA 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): 34.93%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 21.27%
• Asset Turnover: 0.97x
• Equity Multiplier: 1.69x
Recent ROE (34.93%) is below the historical average (48.40%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2015	43.56%	11.91%	2.41x	1.52x	zł1.64 Million
2016	60.64%	19.03%	2.51x	1.27x	zł2.76 Million
2017	71.96%	31.12%	1.86x	1.25x	zł7.24 Million
2018	86.65%	31.64%	2.12x	1.29x	zł32.26 Million
2019	82.90%	31.68%	2.27x	1.15x	zł67.17 Million
2020	63.68%	26.22%	1.79x	1.36x	zł127.79 Million
2021	40.24%	22.28%	1.22x	1.48x	zł106.16 Million
2022	15.07%	9.58%	1.03x	1.52x	zł17.35 Million
2023	5.23%	3.49%	0.95x	1.57x	zł-13.89 Million
2024	27.57%	17.36%	0.93x	1.71x	zł42.75 Million
2025	34.93%	21.27%	0.97x	1.69x	zł54.93 Million

Industry Comparison

This section compares TEN SQUARE GAMES SA's net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.

Industry Context

Industry: Electronic Gaming & Multimedia
Average net assets among peers: $295,502,170
Average return on equity (ROE) among peers: 13.37%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
TEN SQUARE GAMES SA (TEN)	zł190.53 Million	43.56%	0.69x	$160.53 Million
11 bit studios S.A (11B)	$236.42 Million	2.94%	0.14x	$77.83 Million
All In! Games S.A. (ALG)	$-14.79 Million	0.00%	0.00x	$14.11 Million
Artifex Mundi SA (ART)	$35.26 Million	-10.18%	0.11x	$64.32 Million
BoomBit S.A (BBT)	$73.57 Million	21.49%	0.93x	$20.74 Million
CD PROJEKT SA (CDR)	$2.19 Billion	52.77%	0.32x	$7.08 Billion
CI Games SA (CIG)	$83.64 Million	-19.42%	0.41x	$140.02 Million
Creepy Jar SA (CRJ)	$100.02 Million	36.45%	0.04x	$68.14 Million
Gaming Factory S.A. (GIF)	$7.43 Million	37.22%	0.02x	$5.54 Million
Games Operators SA (GOP)	$20.01 Million	16.70%	0.14x	$18.01 Million
Huuuge Inc. (HUG)	$226.10 Million	-4.28%	0.33x	$269.37 Million

About TEN SQUARE GAMES SA

WAR:TEN Poland Electronic Gaming & Multimedia

Market Cap

$160.53 Million

zł583.27 Million PLN

Market Cap Rank

#17213 Global

#116 in Poland

Share Price

zł91.50

Change (1 day)

-1.88%

52-Week Range

zł83.90 - zł114.60

All Time High

zł613.03