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Management Board Report on CD PROJEKT Group Activities in 2025
The 2025 Management Board Report details a pivotal year for the CD PROJEKT Group, characterized by a strategic narrowing of focus toward its core AAA development operations.
- CD PROJEKT Group divested its GOG.com segment in 2025 to focus exclusively on its internal AAA development pipeline, including the new Witcher saga, Cyberpunk 2, and the Hadar IP.
- The company reported a net profit of PLN 594.7 million for 2025 and ended the year debt-free with cash reserves exceeding PLN 1.3 billion.
- Strong operating cash flows from The Witcher 3 and Cyberpunk 2077 enabled the company to internally fund its R&D-heavy development cycle and distribute dividends.
Annual Report 2025: Environment, Social and Governance
Square Enix has formalized a comprehensive sustainability and governance framework aimed at aligning long-term corporate value with environmental responsibility and human capital development.
- Square Enix has committed to achieving net-zero CO2 emissions at its Japanese offices and data centers by 2030.
- The company reduced its electricity-related emissions from 34,320 tCO2 in 2017 to 20,635 tCO2 by 2025.
- Executive compensation is tied to performance metrics, including consolidated net sales and operating income, with a significant portion paid in restricted stock to align with shareholder interests.
PlayWay S.A. Articles of Association (Consolidated Text, 2026)
PlayWay S.A. is a Warsaw-based joint-stock company established for an indefinite duration to specialize in the development and publishing of computer games.
- PlayWay S.A. operates with a share capital of 666,600.00 PLN, divided into 6,666,000 ordinary bearer shares.
- The company has authorized a capital increase of up to 66,000 new shares specifically to fund incentive programs for the Management Board.
- Governance requires a two-thirds qualified majority vote for core business changes or board removals, and a three-quarters majority for issuing convertible bonds or managing subsidiaries.
Current Report ESPI No. 2/2026: Registration of Share Capital Increase and Statute Amendments
PlayWay S.A., a prominent Polish game developer and publisher, officially registered an increase in its share capital on February 17, 2026.
- PlayWay S.A. increased its share capital from 660,000.00 PLN to 666,600.00 PLN, effective February 17, 2026.
- The capital increase was finalized through the issuance of 66,000 new Series J ordinary bearer shares, each with a nominal value of 0.10 PLN.
- This issuance fully exhausts PlayWay S.A.'s authorized capital, leaving the company with zero remaining target capital.
Notice of Cancellation of Treasury Shares
NEXON Co., Ltd. has formalized a strategic reduction in its equity base through the mandatory cancellation of treasury shares, a move approved by its Board of Directors in accordance with Article 178 of the Companies Act.
- NEXON Co., Ltd. will cancel 36,487,500 treasury shares on February 27, 2026, representing approximately 4.4% of its total issued shares.
- The cancellation will reduce the company's total outstanding share count from its current level to 792,078,539 shares.
- This action involves the retirement of all treasury shares held by the company as of January 31, 2026.
Next Day Disclosure Return
This Next Day Disclosure Return, submitted to the Stock Exchange of Hong Kong on 12 February 2026, details the share repurchase activities of XD Inc. (Stock Code: 02400).
- XD Inc. (02400) has repurchased a cumulative total of 447,600 shares since the May 29, 2025 mandate, representing approximately 0.091% of the issued shares at the time of authorization.
- On February 12, 2026, the company repurchased 24,000 shares at prices between HKD 78.75 and HKD 81.65, totaling an expenditure of HKD 1,923,420.
- Between January 13 and February 12, 2026, XD Inc. executed 21 separate repurchase transactions, all of which are designated for cancellation.
Announcement Regarding Candidates for Directors Including Directors Who Are Audit and Supervisory Committee Members
Nexon Co., Ltd. has announced its slate of candidates for the Board of Directors, including members of the Audit and Supervisory Committee.
- Nexon Co., Ltd. will hold its 24th Annual General Meeting of Shareholders on March 25, 2026, to finalize the appointment of its new Board of Directors and Audit and Supervisory Committee.
- The proposed Board of Directors includes current executives Junghun Lee, Shiro Uemura, Patrick Söderlund, and Daehyun Kang, alongside Alexander Iosilevich, who is transitioning from the Audit Committee to a general Director role.
- Kaoru Hattori, a partner at Nagashima Ohno & Tsunematsu with expertise in legal and trade policy, has been nominated as a new Outside Director.
Supplementary Explanatory Materials Regarding the Opinion of the Company’s Board of Directors on Shareholder Proposals at the Annual General Meeting of Shareholders
GungHo Online Entertainment issued this formal response to shareholder proposals submitted by Strategic Capital and LIM Japan Event Master Fund for the Annual General Meeting of Shareholders scheduled for March 2026.
- GungHo Online Entertainment’s Board of Directors has formally opposed all shareholder proposals from Strategic Capital and LIM Japan Event Master Fund for the March 2026 Annual General Meeting.
- The Board rejected a proposed 311-yen-per-share dividend and 21.3-billion-yen buyback, arguing that the outflow of 57% of cash reserves would threaten the company's financial stability.
- In response to shareholder pressure, GungHo adopted a new capital policy targeting a 4% Dividend on Equity (DOE) and a minimum 50% consolidated payout ratio.
Year-End Report: January – December 2025
Paradox Interactive experienced a period of significant financial volatility throughout 2025, characterized by stagnant revenue growth and a sharp contraction in profitability.
- Paradox Interactive’s annual operating profit fell sharply to MSEK 146.0 in 2025, down from MSEK 721.4 the previous year, while annual revenue remained stagnant at MSEK 2,191.9.
- The company recorded MSEK 355.3 in write-downs and amortization costs specifically tied to the development of Vampire: The Masquerade – Bloodlines 2.
- Paradox is pivoting its strategy to focus exclusively on internal development of deep strategy and management titles, abandoning projects outside of this core expertise.
Everplay Modern Slavery Statement
Everplay maintains a zero-tolerance stance toward modern slavery and human trafficking across its global operations and supply chains.
- Everplay reports zero incidents of modern slavery or human trafficking across its global operations for the financial year ending December 31, 2025.
- The company employs approximately 370 staff members across the UK, Ireland, Germany, the United States, and Canada.
- Everplay identifies localization and quality assurance as the areas of its supply chain with the highest inherent risk for modern slavery.
Current Report ESPI No. 1/2026: Schedule for Periodic Report Publication in 2026
The Management Board of PlayWay S.A., a prominent Polish game developer and publisher, has established the official schedule for the publication of its periodic financial results for the 2026 fiscal year.
- PlayWay S.A. will release its 2025 annual separate and consolidated financial reports on April 30, 2026.
- The company has scheduled its 2026 consolidated quarterly reports for May 29 (Q1) and November 27 (Q3).
- The consolidated semi-annual report for 2026 is set for publication on September 25, 2026.
Interim Results: H1 FY26
Frontier Developments plc reported unaudited interim results for the six months to 30 November 2025, showing a 26% increase in revenue to £59.6 million and a 76% rise in adjusted operating profit to £9.7 million compared with the same period in 2024.
- Frontier Developments reported a 26% revenue increase to £59.6 million and a 76% rise in adjusted operating profit to £9.7 million for H1 FY26, driven primarily by the launch of Jurassic World Evolution 3.
- Jurassic World Evolution 3 accounted for 90% of total revenue in H1 FY26, while Planet Zoo became the company's highest-grossing individual title.
- The Board upgraded full-year FY26 guidance to approximately £100 million in revenue and £11 million in adjusted operating profit, supported by strong seasonal sales momentum.