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Home CompaniesMighty Kingdom Ltd

Mighty Kingdom Ltd

Communication Services Electronic Gaming & Multimedia
PortfolioPortfolio WatchlistWatchlist
Company price
0.175 AUD 0.01 ( 9.38%)
Last update at 2025-09-25T00:00:00Z
VOLUME
41709
Market Cap
24.20M

Momentum Score

…

Fortifai Limited develops video games in Australia. The company develops video games for console, PC, and mobile platforms. Its games portfolio includes Conan Chop Chop, Ava's Manor, Shopkins, Star Trek Lower Decks, Gabby's Dollhouse, Danger Days, Wild Life, and Power Ranges. The company was formerly known as Mighty Kingdom Limited and changed its name to Fortifai Limited in June 2025. The company was founded in 2010 and is based in Dulwich, Australia.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
0.17
Low
0.17
High
52 Week Price Range
0.02
Low
0.23
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High

Key Metrics*

Previous Close
0.16
Dividend Yield
-
Revenue TTM
3.91M
Revenue Per Share
0.12
Gross Profit TTM
3.31M
Debt / Equity
0.08
ROE
-1089.14%
Net Debt
-3.37M
ROCE
-194.53%
Diluted EPS TTM
-0.30

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax -8.87M -10.37M -7.21M -3.60M -2.08M
Net income -9.09M -10.86M -7.15M -3.59M -2.11M
Selling general administrative 16.53M 16.17M 11.17M 0.65M 4.67M
Selling and marketing expenses 1.02M 1.34M 1.20M 0.08M -
Gross profit 5.95M 3.67M 3.28M 1.66M 3.43M
Reconciled depreciation 0.66M 0.61M 0.20M - -
Ebit -8.84M -10.30M -7.03M -3.63M -1.98M
Ebitda -8.18M -9.69M -6.83M -3.58M -
Depreciation and amortization 0.66M 0.61M 0.20M 0.05M -
Operating income -8.54M -10.31M -7.03M -3.63M -1.98M
Other operating expenses 15.79M 15.20M 13.21M 6.05M 0.10M
Interest expense 0.03M 0.07M 0.17M 0.00M 0.00M
Tax provision 0.22M 0.49M -0.06M -0.01M 0.03M
Interest income 0.02M 0.01M 0.12M 0.09M 0.10M
Net interest income -0.02M -0.07M -0.12M - -
Income tax expense 0.22M 0.49M -0.06M 0.01M 0.03M
Total revenue 6.93M 4.90M 3.28M 2.54M 3.55M
Total operating expenses 18.67M 18.43M 13.21M 5.17M -
Cost of revenue 0.98M 1.23M - 0.87M 0.11M
Total other income expense net 2.88M 3.23M 2.85M 0.04M -
Net income from continuing ops -9.09M -10.86M -7.15M - -
Net income applicable to common shares -9.09M -10.86M -7.15M -3.59M -2.11M
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Total assets 5.81M 6.56M 8.51M 10.58M 19.06M
Other current assets 0.01M 0.43M 0.62M 1.37M 0.83M
Total liab 1.32M 3.63M 5.26M 5.29M 7.16M
Total stockholder equity 4.50M 2.93M 3.25M 5.29M 11.90M
Other current liab - 2.64M 0.64M 2.88M 3.21M
Common stock - 40.43M 35.21M 28.46M 24.22M
Capital stock 41.19M - 35.21M 28.46M 24.22M
Retained earnings -42.78M -40.79M -33.79M -24.70M -13.84M
Other liab - - 0.85M 0.79M 1.37M
Other assets - 0.00M 0.00M 0.15M 0.57M
Cash 3.03M 3.37M 0.30M 3.75M 13.55M
Total current liabilities 1.27M 3.43M 4.41M 4.27M 4.12M
Current deferred revenue - 0.12M 2.85M 0.17M 0.01M
Net debt - -3.37M -0.04M -3.06M -12.07M
Short term debt - - 0.26M 0.46M 0.40M
Short long term debt - - - - 0.05M
Short long term debt total - - 0.26M 0.69M 1.48M
Other stockholder equity - - -1.42M -3.76M 1.52M
Property plant equipment - - 0.80M 1.47M 1.66M
Total current assets 5.77M 6.42M 7.71M 8.96M 16.24M
Net tangible assets - - 3.25M 5.29M 11.90M
Net receivables 0.42M 2.63M 6.35M 3.24M 1.49M
Long term debt - - - 0.00M 0.06M
Inventory - - 0.44M 0.59M 0.37M
Accounts payable 0.22M 0.68M 0.66M 0.77M 0.50M
Accumulated other comprehensive income - 3.29M 1.84M 1.52M 1.52M
Non currrent assets other -0.00M -0.00M -0.80M - -
Non current assets total 0.04M 0.14M 0.80M 1.62M 2.81M
Capital lease obligations - - 0.26M 0.69M 1.37M
Long term debt total - - 0.00M 0.23M 1.08M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -0.02M -0.72M -0.21M - -
Change to liabilities 0.56M -0.32M 0.17M 1.54M 0.52M
Total cashflows from investing activities -0.02M -0.72M -0.21M -0.11M -0.08M
Net borrowings -0.46M -0.55M 3.64M 0.04M -0.05M
Total cash from financing activities 3.93M 3.63M 19.88M 1.04M 2.45M
Change to operating activities 0.13M -0.30M -0.30M 0.96M 0.07M
Net income -9.09M -10.86M -7.15M -3.59M -2.11M
Change in cash -3.45M -9.80M 13.60M -0.31M 0.43M
Begin period cash flow 3.75M 13.55M -0.04M 0.26M -
End period cash flow 0.30M 3.75M 13.55M -0.04M 0.26M
Total cash from operating activities -7.36M -12.71M -6.07M -1.23M -1.94M
Issuance of capital stock 4.69M 4.45M 18.00M - -
Depreciation 0.66M 0.61M 0.20M 0.15M 0.03M
Other cashflows from investing activities - - - - 0.00M
Dividends paid - - -4.00M - -
Change to account receivables -0.17M -2.24M -0.47M -0.32M -0.20M
Sale purchase of stock -0.31M -0.27M -1.37M 1.00M 2.50M
Other cashflows from financing activities -0.46M -0.44M 7.49M 1.04M -1.76M
Change to netincome 0.56M 0.55M 1.46M 0.03M 0.03M
Capital expenditures 0.02M 0.72M 0.21M 0.11M 0.08M
Change in working capital -0.17M -2.24M 0.05M -0.32M -
Stock based compensation 0.00M - - - -
Other non cash items 1.07M -0.22M 7.15M 2.53M -
Free cash flow -7.38M -13.43M -0.21M -1.34M -

Peer Comparison*

Sector: Communication Services Industry: Electronic Gaming & Multimedia

Stock Name
Change
(AUD)
Price
(AUD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
MKL
Mighty Kingdom Ltd		 0.01
9.38%		 0.17 - - 6.18 5.22 5.43 -1.35
FTI
Fortifai Ltd		 0.03
9.84%		 0.34 - - 58.86 1.40 41.94 -1.35
PLY
Playside Studios Ltd		 0.00
2.13%		 0.10 9.60 9.12 0.79 0.80 0.61 2.14
SP8
Streamplay Studio Ltd		 -
-%		 0.01 - - 0.58 0.65 0.17 1.41

Profile*

Mighty Kingdom Ltd

Fortifai Limited develops video games in Australia. The company develops video games for console, PC, and mobile platforms. Its games portfolio includes Conan Chop Chop, Ava's Manor, Shopkins, Star Trek Lower Decks, Gabby's Dollhouse, Danger Days, Wild Life, and Power Ranges. The company was formerly known as Mighty Kingdom Limited and changed its name to Fortifai Limited in June 2025. The company was founded in 2010 and is based in Dulwich, Australia.

169 Fullarton Road, Dulwich, SA, Australia, 5065

61 8 8133 5000

https://www.mightykingdom.com

Name Title Year Born
Mr. Philip James Mayes CEO, MD & Exec. Director NA
Ms. Amy Wenjun Guan Chief Financial Officer NA
Ms. Ella Macintyre Chief Product Officer NA
Mr. Anthony Michael Lawrence Chief Revenue Officer NA
Mr. Grant Osborne Chief Technology Officer NA
Ms. Jessica Paulin Chief Marketing Officer NA
Ms. Kaitlin Louise Smith B.Com (Acc), B.Com., C.A., CA Company Sec. NA
Mr. Simon Anthony Rabbitt CFO, COO & Interim CEO NA
Ms. Kaitlin Louise Smith B.Com (Acc), B.Com., CA Company Secretary NA
Mr. Simon Anthony Rabbitt CFO, COO & Interim CEO NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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