VARSAV Game Studios Ratios and Metrics

Market cap in millions PLN. Fiscal year is January - December.

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar '26 Mar 4, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	12	9	13	11	22	37
Market Cap Growth	18.34%	-25.85%	11.54%	-48.93%	-40.11%	-28.90%
Enterprise Value	12	9	11	10	15	28
Last Close Price	0.54	0.42	0.64	0.57	1.12	1.87
PE Ratio	-	19.60	-	-	-	20.62
PS Ratio	10.64	6.37	10.31	11.33	26.04	81.30
PB Ratio	1.33	1.09	1.33	1.64	2.36	3.24
P/TBV Ratio	1.33	1.09	1.33	1.64	2.36	3.24
EV/Sales Ratio	9.99	6.27	9.15	9.87	17.81	61.00
EV/EBITDA Ratio	27.79	14.47	22.51	8.37	-	-
EV/EBIT Ratio	29.95	14.48	22.53	8.46	-	-
Debt / Equity Ratio	0.00	0.15	0.20	0.17	0.03	0.00
Debt / EBITDA Ratio	0.06	2.02	3.75	0.99	-	-
Net Debt / Equity Ratio	-0.08	-0.02	0.06	-0.03	-0.58	-0.69
Net Debt / EBITDA Ratio	-1.81	-0.28	1.17	-0.15	11.92	16.11
Net Debt / FCF Ratio	1.60	0.54	-0.25	0.08	1.60	2.71
Asset Turnover	-	0.10	0.10	0.08	0.07	0.04
Quick Ratio	0.17	0.31	0.73	0.69	1.93	11.07
Current Ratio	1.43	1.42	3.06	4.20	4.07	15.37
Return on Equity (ROE)	-	5.28%	-64.59%	-30.26%	-17.63%	17.12%
Return on Assets (ROA)	-	2.62%	2.54%	6.09%	-2.61%	-3.35%
Return on Invested Capital (ROIC)	-14.32%	3.42%	5.91%	21.83%	-14.23%	-21.00%
Return on Capital Employed (ROCE)	3.30%	6.50%	4.40%	14.10%	-5.30%	-5.20%
Earnings Yield	-3.09%	5.10%	-42.05%	-21.80%	-8.29%	4.85%
FCF Yield	-	-3.54%	-18.27%	-20.66%	-15.40%	-7.89%
Buyback Yield / Dilution	-	-13.17%	-	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.