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Fortifai Ltd

Communication Services Electronic Gaming & Multimedia
PortfolioPortfolio WatchlistWatchlist
Company price
0.335 AUD 0.03 ( 9.84%)
Last update at 2026-11-12T05:10:00Z
VOLUME
1686257
Market Cap
110.87M

Momentum Score

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Fortifai Limited develops video games in Australia. The company operates in two segments: Video Games Development and AI Infrastructure. It also engages in the development of the interactive entertainment software products, online game service, and licensing services. The company was formerly known as Mighty Kingdom Limited and changed its name to Fortifai Limited in June 2025. Fortifai Limited was incorporated in 2018 and is headquartered in Sydney, 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
0.30
Low
0.34
High
52 Week Price Range
0.17
Low
1.26
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
AI Summary

Public information on Fortifai Ltd (FTI.AU) is limited; the company discloses few details about its operations, products, or markets in standard reporting channels. Because material long‑term growth drivers are not clearly disclosed, potential catalysts may include evidence of commercial traction, strategic partnerships, or successful capital raises, which investors should monitor.
Principal risks include limited transparency, small‑cap illiquidity, an unproven or undeveloped revenue base, and significant execution and financing risk.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.30
Dividend Yield
-
Revenue TTM
1.88M
Revenue Per Share
0.01
Gross Profit TTM
1.54M
Debt / Equity
0.01
ROE
-77.08%
Net Debt
-19.75M
ROCE
-11.34%
Diluted EPS TTM
-0.13

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Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Income before tax -8.83M -1.99M -6.99M -10.61M -12.82M
Net income -8.83M -1.99M -6.99M -9.09M -10.86M
Selling general administrative - 7.44M 2.16M 2.24M 1.91M
Selling and marketing expenses - - 9.73M 0.04M 0.11M
Gross profit -7.21M - 4.38M -9.44M -10.29M
Ebit -9.35M - -6.80M -10.58M -12.75M
Ebitda -9.29M - -6.33M -9.92M -12.14M
Depreciation and amortization 0.05M - 0.47M 0.66M 0.61M
Operating income -9.35M -1.87M -6.85M -11.73M -13.29M
Other operating expenses 11.23M - 11.95M 18.66M 18.18M
Interest expense 0.01M - 0.19M 0.03M 0.07M
Tax provision - 0.00M 0.00M 0.22M 0.49M
Interest income - 0.12M 0.15M 0.02M 0.07M
Income tax expense - - - -1.52M -1.96M
Total revenue 1.88M 4.33M 5.10M 6.93M 4.90M
Total operating expenses 2.14M 6.20M 2.82M 2.29M 3.00M
Cost of revenue 9.09M - 0.72M 16.38M 15.19M
Total other income expense net 0.52M - -0.15M 1.13M 0.46M
Net income applicable to common shares - -1.99M -6.99M -9.09M -10.86M
Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Total assets 84.37M 5.81M 6.56M 8.57M 10.58M
Other current assets 0.13M 0.00M 0.00M 0.27M 0.38M
Total liab 2.43M 1.32M 3.63M 5.31M 5.29M
Total stockholder equity 81.94M 4.50M 2.93M 3.25M 5.29M
Other current liab 0.39M - - - -
Common stock 95.66M 41.19M 40.43M 35.21M 28.46M
Retained earnings -51.61M -36.69M -37.50M -31.96M -23.18M
Other assets - - - - 0.15M
Cash 20.35M 3.03M 3.37M 0.30M 3.75M
Total current liabilities 1.97M 1.27M 3.43M 4.47M 4.27M
Net debt -19.75M - - - -
Short term debt 0.20M 0.00M 0.00M 0.00M 0.00M
Short long term debt total 0.60M - - - -
Property plant equipment - 0.04M 0.14M 0.80M 1.47M
Total current assets 22.03M 5.77M 6.42M 7.77M 8.96M
Net receivables 1.55M 2.66M 2.63M 6.76M 1.34M
Long term debt - - - - 0.00M
Accounts payable 1.38M - - - -
Accumulated other comprehensive income 37.88M - - - -
Non current assets total 62.34M - - - -
Long term debt total - 0.00M 0.00M 0.00M 0.23M
Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Total cashflows from investing activities -0.11M -0.00M 0.09M -0.02M -0.72M
Total cash from financing activities 19.35M 3.46M 8.58M 3.93M 3.63M
Net income -8.83M -1.99M -6.99M -9.09M -10.86M
Change in cash 17.32M -0.33M 3.06M -3.45M -9.80M
Begin period cash flow 3.03M 3.37M 0.30M 3.75M 13.55M
End period cash flow 20.35M 3.03M 3.37M 0.30M 3.75M
Total cash from operating activities -1.94M -3.78M -5.60M -7.36M -12.71M
Depreciation 0.05M 0.06M 0.47M 0.66M 0.61M
Other cashflows from investing activities - - 0.11M - -
Change to account receivables - 0.00M 1.99M -0.17M -2.24M
Sale purchase of stock - - 9.34M -0.31M -0.27M
Other cashflows from financing activities -0.03M 3.52M -0.26M -0.46M -0.44M
Capital expenditures 0.03M 0.00M 0.01M 0.02M 0.72M
Change in working capital - -0.10M 1.70M 0.51M -3.00M
Stock based compensation - 0.04M 0.10M 0.31M -
Other non cash items 6.84M -1.80M -0.88M 0.03M 4.00M
Free cash flow -1.97M -3.79M -5.62M -7.38M -13.43M

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)
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*

Fortifai Ltd

Fortifai Limited develops video games in Australia. The company operates in two segments: Video Games Development and AI Infrastructure. It also engages in the development of the interactive entertainment software products, online game service, and licensing services. The company was formerly known as Mighty Kingdom Limited and changed its name to Fortifai Limited in June 2025. Fortifai Limited was incorporated in 2018 and is headquartered in Sydney, Australia.

10 Shelly Street, Sydney, NSW, Australia, 2000

61 8 7200 3252

https://www.fortifAl.com.ai

Name Title Year Born
Mr. Dylan Miklashek Chief Executive Officer NA
Ms. Emilie Poissenot Chief Creative Officer & Head of Gaming NA
Ms. Katelyn Marie Adams B.Com., C.A. Company Secretary NA
Mr. Andrew Scott Cole B.S. Finance Director & Executive Director NA
Mr. Dylan Miklashek Studio Director NA
Mr. Andrew Scott Cole B.S. Finance Director NA
Mr. Jake van der Hoek Joint company secretary NA
Mr. Dylan Miklashek Chief Executive Officer & Studio Director NA
Mr. Jamie Pope Chief Solutions Officer of Nol8 NA
Mr. Kelly Herrell Chief Executive Officer 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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