Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-12.1%
0%
-12.1%
6 Months
-15.36%
0%
-15.36%
1 Year
-46.26%
0%
-46.26%
2 Years
-56.94%
0%
-56.94%
3 Years
-88.99%
0%
-88.99%
4 Years
-96.13%
0%
-96.13%
5 Years
-81.56%
0%
-81.56%
Nitro Games Oy for the last several years.
Risk Adjusted Returns v/s 
News
No Recent News for the Company
Announcements 
No announcement available
Corporate Actions 
No corporate action available
Quality key factors 
Factor
Value
Sales Growth (5y)
45.41%
EBIT Growth (5y)
14.63%
EBIT to Interest (avg)
-18.76
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
0.71
Sales to Capital Employed (avg)
2.16
Tax Ratio
Tax Ratio is Negative%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
2.89%
ROE (avg)
4.85%
Valuation key factors
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
Price to Book Value
1.63
EV to EBIT
48.83
EV to EBITDA
2.93
EV to Capital Employed
1.36
EV to Sales
0.49
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
2.79%
ROE (Latest)
-2.10%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bearish
Dow Theory
Mildly Bearish
No Trend
OBV
Mildly Bullish
No Trend
Shareholding Snapshot
No data for shareholding present.
Shareholding Compare (%holding) 
No data for shareholding present.
Quarterly Results Snapshot (Consolidated) - Jun'25 - QoQ
Jun'25
Mar'25
Change(%)
Net Sales
18.70
27.30
-31.50%
Operating Profit (PBDIT) excl Other Income
-1.10
4.70
-123.40%
Interest
0.30
0.30
Exceptional Items
0.00
0.00
Consolidate Net Profit
-5.00
0.70
-814.29%
Operating Profit Margin (Excl OI)
-256.50%
35.70%
-29.22%
USD in Million.
Net Sales
QoQ Growth in quarter ended Jun 2025 is -31.50% vs -22.00% in Mar 2025
Consolidated Net Profit
QoQ Growth in quarter ended Jun 2025 is -814.29% vs -22.22% in Mar 2025
Annual Results Snapshot (Consolidated) - Dec'24
Dec'24
Dec'23
Change(%)
Net Sales
130.30
101.50
28.37%
Operating Profit (PBDIT) excl Other Income
18.60
-27.40
167.88%
Interest
2.10
4.90
-57.14%
Exceptional Items
0.00
0.00
Consolidate Net Profit
5.40
-37.70
114.32%
Operating Profit Margin (Excl OI)
71.60%
-325.80%
39.74%
USD in Million.
Net Sales
YoY Growth in year ended Dec 2024 is 28.37% vs 31.65% in Dec 2023
Consolidated Net Profit
YoY Growth in year ended Dec 2024 is 114.32% vs 4.31% in Dec 2023
About Nitro Games Oy 
Nitro Games Oy
Software Products
Nitro Games Oyj is a Finland-based free-to-play mobile game developer and publisher. The Company creates products oriented to the mid-core user segment and focuses mostly on the genre of strategy games. The Company maintains its own platform NG Platform and applies minimum viable product process for market validation with new game prototypes after only a week of development. The NG Platform supports phones and tablets of all screen sizes. The Company’s product portfolio comprises such games, as East India Company, Commander: Conquest of the Americas, Pirates of Black Cove and Raids of Glory, among others. The Company operates thorough it subsidiaries Nitro Games Alpha Oy and Nitro Games Beta Oy. It has a focus on the North American and Western European markets.
Company Coordinates 
Company Details
Juha Vainion katu 2 , KOTKA None : 48100
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