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Page: Company Financials

Ultimate Games S.A.

Ticker: ULG.WA | Industry: Electronic Gaming & Multimedia | Sector: Technology
$15.45 +0.55 (3.69%)
As of: 2026-01-28

Master Data Export

Enterprise Value

Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017
Stock Price 10.07 9.98 13.03 18.26 27.29 27.06 20.32 21.75 21.75
Market Capitalization 52.67M 51.79M 66.76M 99.63M 142.71M 141.40M 105.45M 114.86M 122.89M
(-) Cash & Equivalents 7.28M 7.81M 9.44M 12.71M 19.02M 11.81M 3.81M -0.55M 0.23M
(+) Total Debt 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Enterprise Value 45.38M 43.98M 57.32M 86.92M 123.70M 129.59M 101.64M 115.41M 122.66M

Income Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31
Revenue 30M 22M 24M 23M 27M 23M 15M 7M 4M 1M 0M
Cost of Revenue 5M 8M 13M 3M -4M -2M -3M -1M -1M 0M 0M
Gross Profit 25M 14M 11M 20M 31M 25M 17M 9M 5M 1M 0M
Gross Profit Margin 84.6% 63.7% 47.4% 88.5% 113.4% 110.8% 117.5% 116.5% 118.6% 98.7% -112,400.0%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 0M 5M 7M 22M 23M 17M 9M 3M 2M 0M 0M
Operating Expenses 19M 10M 7M 18M 25M 19M 10M 4M 3M 0M 0M
Operating Income (EBIT) 6M 4M 4M 3M 6M 6M 7M 4M 2M 0M 0M
Operating Income Margin 20.9% 17.3% 18.0% 12.1% 20.8% 26.9% 47.9% 61.5% 48.4% 63.4% -239,434.0%
Interest Income 0M 1M 0M 0M 0M 0M 0M 0M 0M 0M 0M
Interest Expense 1M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
Net Interest Income 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
Unusual Items 0M -9M -1M -7M -16M 2M 34M 1M 1M 0M 0M
EBT Excluding Unusual Items 6M 4M 5M 3M 6M 6M 7M 5M 2M 0M 0M
Pre-Tax Income 5M -5M 3M -5M -10M 8M 41M 5M 2M 0M 0M
Pre-Tax Margin 17.8% -22.7% 13.4% -19.6% -38.6% 34.3% 276.7% 72.3% 61.9% 66.4% -14,434.0%
Income Tax Expense 1M -1M 1M -1M -2M 2M 8M 1M 0M 0M 0M
Net Income 4M -4M 3M -4M -8M 6M 33M 4M 2M 0M 0M
Net Income Margin 13.9% -18.9% 11.4% -15.9% -29.3% 28.2% 219.9% 58.1% 52.6% 60.0% -14,434.0%
Depreciation & Amortization 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
EBITDA 6M 4M 4M 3M 6M 6M 7M 5M 2M 0M 0M
EBITDA Margin 21.3% 17.5% 18.4% 12.4% 21.2% 27.4% 48.3% 61.7% 48.5% 27.0% -225,000.0%
NOPAT 5M 3M 4M 2M 4M 5M 6M 4M 2M 0M 0M
NOPAT Margin 15.8% 13.6% 14.6% 9.6% 16.4% 21.2% 38.1% 49.4% 41.1% 57.3% -189,152.9%
Owner's Earnings 4M -4M 3M -4M -8M 6M 33M 4M 2M 0M 0M
Owner's Earnings Margin 13.6% -19.3% 10.5% -15.6% -29.3% 28.1% 219.6% 53.7% 50.5% 23.6% 0.0%
EPS (Basic) 0.79 -0.79 0.53 -0.70 -1.52 1.22 6.25 0.81 0.40 0.08 0.00
EPS (Diluted) 0.79 -0.79 0.53 -0.70 -1.52 1.22 6.25 0.81 0.40 0.08 0.00
Shares (Basic) 5M 5M 5M 5M 5M 5M 5M 5M 5M 5M 6M
Shares (Diluted) 5M 5M 5M 5M 5M 5M 5M 5M 5M 5M 6M

Balance Sheet

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31
Cash & Cash Equivalents 7.45M 7.12M 6.50M 9.95M 10.22M 17.62M 20.96M 4.18M 1.69M 0.98M 0.07M
Short-Term Investments 0.05M 0.05M 0.00M 0.00M 0.10M 0.00M 0.00M 0.00M 0.00M 0.05M 0.00M
Cash & Short-Term Investments 7.50M 7.17M 6.50M 9.95M 10.32M 17.62M 20.96M 4.18M 1.69M 1.03M 0.07M
Net Receivables 5.60M 2.79M 4.37M 3.94M 4.28M 3.08M 3.06M 1.63M 0.42M 0.27M 0.00M
Inventory 17.08M 16.69M 15.86M 10.35M 8.85M 5.77M 3.52M 2.62M 1.41M 0.71M 0.11M
Other Current Assets 2.07M 2.62M 0.02M 0.41M 0.64M 1.23M 0.00M 0.00M 0.28M 0.05M 0.02M
Total Current Assets 32.26M 29.26M 26.75M 24.65M 24.09M 27.69M 27.54M 8.42M 3.79M 2.06M 0.20M
Property, Plant & Equipment 0.25M 0.26M 0.27M 0.06M 0.12M 0.11M 0.09M 0.00M 0.00M 0.00M 0.00M
Goodwill 0.00M 0.00M 0.00M 0.00M 0.00M 0.10M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 0.03M 0.04M 0.04M 0.07M 0.15M 0.17M 0.14M 0.20M 0.08M 0.00M 0.00M
Long-Term Investments 0.49M 0.57M 1.88M 3.78M 11.25M 28.49M 27.85M 0.65M 0.14M 0.00M 0.00M
Tax Assets 0.34M 0.12M 0.24M 0.22M 3.24M 0.13M -27.85M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Assets 0.00M 0.00M 0.00M 0.00M 0.10M 0.00M 27.85M 0.00M 0.00M 0.00M 0.00M
Other Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Non-Current Assets 1.11M 0.98M 2.43M 4.13M 14.86M 28.99M 28.08M 0.84M 0.21M 0.00M 0.00M
Total Assets 33.37M 30.23M 29.18M 28.77M 38.95M 56.68M 55.62M 9.27M 4.00M 2.06M 0.20M
Accounts Payable 6.03M 2.48M 2.57M 1.57M 1.49M 2.26M 0.95M 0.64M 0.16M 0.15M 0.01M
Short-Term Debt 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Tax Payables 0.00M 0.02M 0.00M 0.05M 0.00M 0.06M 0.23M 0.27M 0.10M 0.04M 0.00M
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Liabilities 0.00M 0.00M 0.15M 0.14M 0.27M 0.15M 0.11M 0.32M 0.15M 0.08M 0.00M
Total Current Liabilities 6.03M 2.50M 2.72M 1.75M 1.76M 2.47M 1.29M 1.23M 0.41M 0.28M 0.01M
Long-Term Debt 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Capital Lease Obligations 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 1.25M 0.54M 0.52M 0.74M 5.45M 5.72M 5.50M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Liabilities 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Non-Current Liabilities 1.24M 0.54M 0.52M 0.74M 5.45M 5.72M 5.50M 0.00M 0.00M 0.00M 0.00M
Total Liabilities 7.27M 3.04M 3.24M 2.50M 7.21M 8.19M 6.79M 1.23M 0.41M 0.28M 0.01M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 0.52M 0.52M 0.52M 0.52M 0.52M 0.52M 0.52M 0.52M 0.50M 0.50M 0.03M
Retained Earnings 18.90M 19.98M 18.34M 18.91M 24.25M 40.13M 42.51M 4.23M 1.99M 0.39M -0.01M
Accumulated OCI 1.17M 1.18M 1.31M 1.34M 1.35M 1.39M 0.00M 3.54M 0.00M 0.00M 0.00M
Minority Interest 2.64M 2.66M 2.68M 2.44M 2.77M 3.45M 2.61M 0.00M 0.00M 0.00M 0.00M
Total Shareholders’ Equity 20.59M 21.68M 20.18M 20.78M 26.13M 42.04M 43.03M 8.29M 2.50M 0.89M 0.02M
Total Equity 23.23M 24.34M 22.86M 23.22M 28.90M 45.49M 45.64M 8.29M 2.50M 0.89M 0.02M
Total Liabilities & Equity 30.50M 27.38M 26.10M 25.71M 36.11M 53.68M 52.42M 9.52M 2.90M 1.17M 0.03M
Tangible Assets 33.34M 30.20M 29.14M 28.71M 38.80M 56.42M 55.48M 9.07M 3.93M 2.06M 0.20M
Tangible Equity 23.20M 24.31M 22.82M 23.15M 28.75M 45.22M 45.49M 8.09M 2.42M 0.89M 0.02M
Tangible Book Value 23.20M 24.31M 22.82M 23.15M 28.75M 45.22M 45.49M 8.09M 2.42M 0.89M 0.02M
Total Investments 0.54M 0.62M 1.88M 3.78M 11.36M 28.49M 27.85M 0.65M 0.14M 0.05M 0.00M
Net Debt -7.45M -7.12M -6.50M -9.95M -10.22M -17.62M -20.96M -4.18M -1.69M -0.98M -0.07M

Capital Metrics

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31
Working Capital 26.3M 26.9M 23.9M 22.8M 22.4M 25.2M 26.0M 7.4M 3.4M 1.8M 0.2M
Total Capital 23.5M 24.6M 23.1M 23.7M 29.1M 45.0M 46.0M 8.3M 3.6M 1.8M 0.2M
Capital Employed 27.4M 27.8M 26.3M 26.9M 37.3M 54.2M 54.1M 8.3M 3.6M 1.8M 0.2M
Invested Capital 16.1M 17.5M 16.6M 13.8M 18.9M 27.4M 25.0M 4.1M 2.0M 0.8M 0.1M

Cash Flow Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31
Net Income 5.26M -3.96M 2.76M -3.65M -10.46M 7.75M 32.68M 5.28M 2.36M 0.40M -0.01M
Depreciation & Amortization 0.11M 0.06M 0.08M 0.07M 0.10M 0.12M 0.06M 0.02M 0.00M 0.00M 0.00M
Deferred Income Tax 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -0.31M 0.00M 0.00M 0.00M 0.00M
Stock-Based Compensation 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital -5.65M -2.95M -4.89M -1.00M -4.08M -2.75M -4.00M -1.89M -0.89M -0.65M -0.12M
Accounts Receivable -3.57M 1.36M -0.40M 0.68M -0.56M -1.26M -1.73M -1.16M -0.20M -0.25M -0.02M
Inventory -3.17M -3.65M -5.51M -1.70M -3.13M -2.49M -2.58M -1.21M -0.70M -0.60M -0.11M
Accounts Payable 0.80M -0.13M 0.98M -0.07M -0.39M 1.00M 0.31M 0.47M 0.00M 0.00M 0.00M
Other Working Capital -0.51M -0.84M 0.04M 0.08M 0.01M 1.00M 0.00M 0.00M -0.18M 0.20M 0.01M
Other Non-Cash Items 0.02M 6.49M 0.90M 5.36M 14.96M -3.95M -28.76M -1.42M -1.03M -0.16M 0.00M
Net Cash from Operating Activities -0.25M -0.37M -1.15M 0.78M 0.53M 1.16M -0.33M 1.99M 0.45M -0.41M -0.14M
Capital Expenditures (PPE) -0.20M -0.14M -0.30M -0.01M -0.10M -0.16M -0.09M -0.35M -0.08M 0.00M 0.00M
Acquisitions (Net) 1.10M 0.02M 0.04M 0.00M -0.04M 4.02M 9.30M 0.48M 0.38M 0.00M 0.00M
Purchases of Investments -0.01M 0.00M -0.01M 0.00M -0.10M -1.34M -0.50M -0.29M -0.08M 0.00M 0.00M
Sales / Maturities of Investments 0.07M 0.00M 0.59M 0.00M 0.06M 3.00M 8.16M 0.29M 0.61M 0.00M 0.00M
Other Investing Activities 0.48M 0.07M 0.00M 0.43M 0.27M -1.42M -7.62M 0.00M -0.48M 0.15M 0.00M
Net Cash from Investing Activities 1.44M -0.05M 0.33M 0.42M 0.10M 4.10M 9.26M 0.14M 0.35M 0.15M 0.00M
Net Debt Issuance 0.00M 0.00M 0.00M 0.00M -0.01M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Long-Term Debt Issuance 0.00M 0.00M 0.00M 0.00M -0.01M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Short-Term Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.06M 1.86M 9.95M 2.99M 0.00M 0.00M 0.00M
Common Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.06M 1.86M 9.95M 2.99M 0.00M 0.00M 0.00M
Common Stock Repurchased 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid -2.62M 0.00M -2.62M -2.62M -7.85M -10.46M -2.09M -1.83M 0.00M 0.00M 0.00M
Common Dividends Paid -2.62M 0.00M -2.62M -2.62M -7.85M -10.46M -2.09M -1.83M 0.00M 0.00M 0.00M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities -0.01M 1.00M -0.01M 1.01M -0.10M 0.00M 0.00M -0.76M -0.13M 1.17M 0.21M
Net Cash from Financing Activities -2.62M 1.00M -2.62M -1.61M -7.90M -8.60M 7.86M 0.40M -0.13M 1.17M 0.21M
Effect of FX on Cash 0.00M 0.00M 0.00M 0.00M -17.62M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Change in Cash -1.43M 0.58M -3.44M -0.41M -24.89M -3.34M 16.78M 2.52M 0.68M 0.91M 0.07M
Cash at Beginning of Period 28.98M 36.69M 9.95M 10.35M 17.62M 20.96M 4.18M 1.66M 0.98M 0.07M 0.00M
Cash at End of Period 27.55M 37.28M 6.50M 9.95M -7.27M 17.62M 20.96M 4.18M 1.66M 0.98M 0.07M
Operating Cash Flow -0.25M -0.37M -1.15M 0.78M 0.53M 1.16M -0.33M 1.99M 0.45M -0.41M -0.14M
Capital Expenditure -0.20M -0.14M -0.30M -0.01M -0.10M -0.16M -0.09M -0.35M -0.08M 0.00M 0.00M
Free Cash Flow -0.45M -0.51M -1.44M 0.76M 0.44M 1.00M -0.42M 1.64M 0.37M -0.41M -0.14M

Free Cash Flow

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31
EBITDA 25.07M 9.27M 4.44M -1.33M 8.02M 8.16M 8.51M 5.65M 2.84M 0.12M -0.22M
(-) Tax Adjustment 6.11M 2.03M 0.86M -0.20M 1.30M 1.73M 1.75M 1.11M 0.43M 0.01M 0.00M
(-) Change In Working Capital -5.65M -2.95M -4.89M -1.00M -4.08M -2.75M -4.00M -1.89M -0.89M -0.65M -0.12M
(-) Capital Expenditure -0.20M -0.14M -0.30M -0.01M -0.10M -0.16M -0.09M -0.35M -0.08M 0.00M 0.00M
Unlevered Free Cash Flow 24.40M 10.06M 8.18M -0.14M 10.70M 9.03M 10.67M 6.09M 3.22M 0.76M -0.10M
(-) Net Interest Income After Taxes -0.34M 0.06M 0.22M 0.00M 0.09M -0.01M 0.00M 0.02M 0.00M 0.00M 0.00M
Net Debt Issuance 0.00M 0.00M 0.00M 0.00M -0.01M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Levered Free Cash Flow 24.74M 9.99M 7.96M -0.14M 10.59M 9.04M 10.67M 6.07M 3.21M 0.75M -0.10M