What Duality Games does

Duality Games (legal entity: Duality S.A.) is a Warsaw, Poland-based video game development and publishing studio founded in late 2017 and listed on the NewConnect alternative market of the Warsaw Stock Exchange since 24 September 2020 under ticker DUA. The company operates as a producer and publisher of its own games and of third-party indie titles, built primarily on Unreal Engine 4 and secondarily on Unity for PC/Steam and (for selected projects) PlayStation, Xbox, and Nintendo Switch. Its core portfolio comprises Unholy (flagship first-person horror/stealth title, originally budgeted at over 4M PLN and subsequently impaired), the simulator title Barn Finders with paid DLCs (Amerykan Dream and Bid Wars, 83% positive Steam reviews), Accident (78% positive Steam reviews, with a free Accident: The Pilot trial), and smaller titles Summer Camp, Tales of Tomorrow Experiment, and Radiance; the planned pipeline includes Barn Finders 2 and Diorama Designer.

The company's business model combines five revenue streams: one-time-license sales of self-developed games on Steam and consoles, work-for-hire production of premium simulators for external clients at 100–600k PLN per project, co-publishing of external studios' games, a Chinese-market publishing revenue share via the exclusive five-year partnership with HeartBeat Interactive Entertainment Ltd. (HeartBeat Games), and a console-porting revenue share with MD Games sp. z o.o. for Barn Finders on Xbox and PlayStation. The team is composed of industry veterans with credits at People Can Fly, Flying Wild Hogs, and Platige Image, and Duality maintains close ties to the Polish gamedev holding ecosystem, with PlayWay S.A. as a 5%+ shareholder and shared supervisory board representation. As of latest reporting (Q1 2026), the company has recorded multiple material project impairments — PLN 3.6M on Unholy in 2023 and PLN 885,168.07 across Shady Deals, Farm Simulator, Superstore Simulator, and Diorama Designer in Q4 2025 — alongside project suspensions and the termination of the 505 Games publisher relationship, indicating operational retrenchment even as Chinese-market and publishing-division activities continue.

Name

Duality Games

Legal name

Duality S.A.

Website

https://dualitygames.eu

Company type

Public

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Duality Games is a Warsaw-based video game development and publishing studio listed on NewConnect (ticker DUA) that designs and self-publishes premium simulators, horror/stealth, and adventure titles for PC/Steam, PlayStation, Xbox, and Nintendo Switch, and runs a publishing division including an exclusive Chinese-market gateway via HeartBeat Games.

Ownership category

akta.pro rank

Product category

Video Game Development and Publishing

NAICS

Software Publishers (5132), Independent Artists, Writers, and Performers (71151)

SIC

Services-Miscellaneous Amusement & Recreation (7990), Services-Amusement & Recreation Services (7900)

akta.pro primary industry

Indie Game Studios (MPAFAAAC)

akta.pro secondary industries

Full-Service Game Publishers (1st/2nd/3rd-Party Publishing) (MPAFABAA), Co-Development, Porting & Remaster Studios (MPAFAAAM)

Keywords

• Video game development
• Indie game publishing
• Horror stealth games
• Premium simulator games
• Game porting services

Headquarters

HQ city

Warsaw

HQ country

Poland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Game sales (self-published): Direct revenue from sales of own-developed games (Barn Finders, Accident, etc.) on Steam and console platforms; Duality acts as co-publisher for most self-produced titles, leveraging its own promotional channels.
2. Work-for-hire premium simulator contracts: Revenue from producing premium simulators on a 'work for hire' basis for external clients; smaller games (100-600k PLN budget) are produced multiple times per year.
3. External IP publishing (co-publisher model): Revenue from publishing external studios' games; strategy includes growing the publishing division and releasing several external projects annually.
4. Chinese market publishing revenue share: Duality receives a contractually defined percentage from game sales on the Chinese market via HeartBeat Interactive Entertainment Ltd., settled from the publisher's revenue; covers five-year exclusive partnership with five-year extension option.
5. Console porting revenue share: Revenue share percentage from sales of Barn Finders on console platforms (Xbox One, PlayStation 4/5), paid monthly; agreement with MD Games for five years, then automatically becomes indefinite.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Duality Games is a Warsaw-based independent game development studio that produces, self-publishes, and ports its own video games across PC/Steam, Xbox, PlayStation, and Nintendo Switch using Unreal Engine 4 (and occasionally Unity). The studio's portfolio spans horror/stealth (Unholy), simulators (Barn Finders, Accident), and smaller titles, supplemented by a B2B publishing arm and an exclusive Polish-Chinese publishing partnership with HeartBeat Games that mediates access for Polish indie studios to the Chinese market.

Product overview

Duality Games operates a dual product-and-services architecture centered on a portfolio of independently developed and published video games built primarily on Unreal Engine 4 (and occasionally Unity), targeting PC/Steam and (for select titles) PlayStation, Xbox, and Nintendo Switch. The portfolio includes the flagship title Unholy (horror/stealth), the company's first published game Barn Finders (with paid DLCs Amerykan Dream and Bid Wars), the second title Accident (plus its free Accident: The Pilot trial), and smaller 'Other titles' such as Summer Camp, Tales of Tomorrow Experiment, and Radiance; future releases include Barn Finders 2 and Diorama Designer. Alongside self-publishing, Duality runs a Game Publishing division that helps external independent studios with marketing, global ad campaigns, and project funding, and a Chinese-Polish Publishing service — operated as the exclusive Polish partner of Chinese publisher HeartBeat Games — that adapts and brokers Polish games for the Chinese market.

Differentiator

Problem solved

Functional benefit

Products and services

• Unholy A first-person horror and stealth game in which players open doors between everyday reality and a dark 'unholy' world to find a missing child, exploring both worlds, solving puzzles, and choosing between infiltration or combat against brutal enemies.
• Barn Finders A simulation game in which players search for valuable items hidden in abandoned barns, take part in storage auctions, bid high, and buy the chance to find exclusive items stashed in the past.
• Accident A simulation game in which players assume the role of a journalist researching old car accident cases, helping victims, performing first aid, gathering evidence, and reconstructing events to discover what really happened.
• Summer Camp A smaller-scale Duality title marketed via Steam Wishlist and available on Steam.
• Tales of Tomorrow Experiment Additional Duality title available for purchase on Steam, listed under 'Other titles' on the company's homepage.
• Radiance Additional Duality title available on Steam Wishlist and listed under 'Other titles' on the company's homepage.
• Barn Finders: Amerykan Dream (DLC) Paid downloadable content expansion for Barn Finders that adds an additional American-themed barn-searching chapter.
• Barn Finders: Bid Wars (DLC) Paid downloadable content expansion for Barn Finders that adds new auction/bidding mechanics to the base game.
• Accident: The Pilot Free pilot/trial version of the Accident game, offered as a 'try out for free' entry point on Steam.
• Game Publishing (Publishing Division) Publishing service for external independent game studios offering marketing strategy and promotion, global ad campaigns, and project funding, with Duality acting as co-publisher/strategic partner for external Polish indie studios.
• Chinese-Polish Publishing Service B2B publishing service through which Duality Games, as the exclusive Polish partner of Chinese publisher HeartBeat Games, helps independent studios adapt and publish their games on the Chinese market — including advising on regional requirements, identifying titles with sales potential, and brokering publishing deals.

Quantifiable outcome

• 83% positive reviews on Steam for Barn Finders (longseller hit status)
• +2 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

Four partnerships are on record, tiered core, flagship, major and minor.

• MD Games sp. z o.o.coreImplementation/ SI/ Consulting Partner · 9 November 2020Two agreements for porting Barn Finders to Microsoft Xbox One and Sony PlayStation 4/5 (plus Xbox Series X via DevKit). Duality retains IP rights to the console versions. MD Games is paid a percentage of game sales revenue, settled monthly, for an initial 5-year term that automatically becomes indefinite.
• HeartBeat Interactive Entertainment Ltd. (HeartBeat Games)flagshipStrategic or Co-development Partner · 29 October 2020Exclusive 5-year strategic partnership (extendable by 5 years) for publishing Duality-sourced Polish games on the Chinese market. Duality is the exclusive Polish partner of HeartBeat; Duality earns a contractually defined percentage of Chinese-market game sales settled from the publisher's revenue. The relationship was driven by strong sales of Barn Finders and Accident in China.
• 505 GamesmajorOEM/ Whitelabel/ Licensing PartnerItalian publisher for Duality's flagship title Unholy across at least three leading platforms (Xbox, PlayStation, Steam). 505 Games was the announced publisher for Unholy on the investor relations page. (Note: a later cooperation with 505 Game SPA was terminated — see ESPI notice referenced as 'Podpisanie porozumienia o rozwiązaniu współpracy z 505 Game SPA'.)
• Codebusters Studio S.A.minorStrategic or Co-development PartnerPartner for co-development of Farm Simulator and Superstore Simulator projects (announced via ESPI report referenced as 'Zawarcie umowy z Codebusters Studio S.A. na realizację projektu Farm Simulator'). As of Q4 2025, Farm Simulator and Superstore Simulator productions are temporarily suspended pending direction-setting with the partner, and a separate Shady Deals contract was terminated — resulting in 885,168.07 PLN of asset write-downs.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Market position

Strengths2 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCYs_13UwQpIMKvIsJC97p-g
• Facebookfacebook.com/DualityGames
• LinkedInlinkedin.com/company/duality-games

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Duality Games