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State of the Industry Report 1999
The 1999 State of the Industry Report provides a comprehensive overview of the interactive entertainment sector, documenting its rapid evolution into a dominant force in the global home entertainment market.
- The U.S. interactive entertainment industry reached $5.5 billion in sales by 1998, marking three consecutive years of double-digit growth and positioning software revenue to rival motion picture box office receipts by the end of 1999.
- The industry is a significant economic driver, directly employing 50,000 workers in the U.S. and contributing over $16 billion to the national economy.
- Gaming has shifted to a mainstream adult demographic, with individuals aged 18 or older now comprising 69 percent of PC players and 54 percent of console players.
RB 6/2024: Zawiadomienie w Trybie Art. 19 Ust. 1 Rozporządzenia MAR
The notice, issued under Article 19(1) of the MAR regulation, informs shareholders that on 22 February 2024 Marcin Kuciapski, a member of the supervisory board of 11 bit studios S.A., submitted a disclosure regarding his acquisition of shares in the company.
- On 22 February 2024, Marcin Kuciapski, a member of the supervisory board of 11 bit studios S.A., acquired company shares.
- The transaction was formally disclosed to the board on 22 February 2024 in compliance with Article 19(1) of the MAR regulation.
- The disclosure fulfills the legal requirement under Article 19(3) MAR for individuals exercising managerial duties to report personal transactions in company stock.
Recommendation of the Management Board Regarding Net Profit Distribution for 2023
The board of 11 bit studios S.A. announced on 22 April 2024 that it recommends allocating the entire net profit of 525,609 PLN earned in 2023 to the company’s reserve capital.
- 11 bit studios S.A. has recommended allocating its entire 2023 net profit of 525,609 PLN to the company’s reserve capital.
- The board’s proposal dictates that no dividends will be distributed to shareholders for the 2023 fiscal year.
- The recommendation reflects a conservative capital management strategy focused on retaining all earnings within the company.
Zawiadomienie w trybie art. 19 ust. 1 rozporządzenia MAR: RB 21/2024
The notification, filed under Article 19(1) of the MAR regulation, informs shareholders that on 26 September 2024 a supervisory board member, Piotr Wierzbicki, submitted a disclosure regarding the acquisition of shares in 11 bit studios S.A.
- Piotr Wierzbicki, a member of the supervisory board of 11 bit studios S.A., acquired company shares on 26 September 2024.
- The transaction was formally disclosed to the company's management, including President Przemysław Marszał and Board Member Grzegorz Miechowski.
- The disclosure was filed in compliance with Article 19(1) and 19(3) of the Market Abuse Regulation (MAR), which mandates reporting of transactions by individuals exercising managerial responsibilities.
Current Report No. 16: Setting Release Date for Moonlighter 2: The Endless Vault
The announcement establishes the global early-access release date for Moonlighter 2: The Endless Vault on PC as October 23, 2025.
- Moonlighter 2: The Endless Vault will launch in early access on PC via Steam and the Windows Store on October 23, 2025.
- Console versions for PlayStation 5 and Xbox Series X/S are deferred to a later date to allow for a focused PC-first release strategy.
- The development is led by the Spanish studio Digital Sun, with 11 bit Studios S.A. serving as the publisher.
Management Board Report on the Activities of PCF Group Capital Group and PCF Group S.A.: 2020
The 2020 Management Board Report for PCF Group S.A. and its subsidiaries details a pivotal year of financial expansion, organizational restructuring, and public market entry.
- PCF Group's total sales revenue in 2020 reached 103.8 million PLN, a 24% increase from 2019. The "games production for hire" segment accounted for 96% of this revenue (100.0 million PLN), while "copyrights to produced games" (royalties) made up 4% (3.8 million PLN).
- The Triple-A shooter RPG game "Outriders," a key product in the "games production for hire" segment, launched on April 1, 2021, and received a Metascore of 76/100 based on 21 critic reviews for PC. On its launch weekend, it peaked at over 125,000 concurrent players on Steam.
- PCF Group is developing "Project Dagger," a game planned for release by the end of 2024, with a publisher budget of 40-60 million EUR for its production. People Can Fly U.S., LLC acquired the intellectual property rights for Project Dagger on July 20, 2020, for a one-time payment of 500,000 USD.
Current Report No. 2/2021: Appointment of Supervisory Board Members
The report announces the appointment of supervisory board members for PCF Group S.A. on 14 January 2021, following a declaration by the group of entitled shareholders.
- On 14 January 2021, PCF Group S.A. appointed Mikołaj Wojciechowski, Krzysztof Dolias, and Bartosz Biełuszko to its supervisory board.
- Mikołaj Wojciechowski has been designated as the chairman of the newly appointed supervisory board.
- The board members were elected based on the personal rights of entitled shareholders in accordance with Polish corporate statutes.
Current Report No. 24/2021: Management Board Recommendation Regarding Profit Distribution for 2020
The report presents the PCF Group S.A. board’s recommendation for distributing 2020 net profit, amounting to PLN 29,095,746.74.
- PCF Group S.A. reported a 2020 net profit of PLN 29,095,746.74.
- The board recommended a dividend payout of PLN 5,616,877.28, representing a payout ratio of approximately 19.3% of the 2020 net profit.
- Shareholders will receive a dividend of PLN 0.19 per share, with the payment scheduled for 8 July 2021.
Current Report No. 1/2022: Transactions by Persons Discharging Managerial Responsibilities
The report discloses that on 3 January 2022 the board of PCF Group S.A. received a notification concerning a transaction executed by an individual holding managerial responsibilities, specifically the company’s President of the Board.
- On 29 December 2021, the President of the Board of PCF Group S.A. acquired shares in the company.
- PCF Group S.A. officially received notification of this insider transaction on 3 January 2022.
- The transaction disclosure was filed in compliance with Article 19(3) of the Market Abuse Regulation (MAR).
Current Report No. 3/2022: Resignation of a Supervisory Board Member of PCF Group S.A.
The report announces the resignation of Dr. Aleksander Ferenc from the Supervisory Board of PCF Group S.A., effective March 3, 2022.
- Dr. Aleksander Ferenc resigned from the Supervisory Board of PCF Group S.A., effective March 3, 2022.
- Following his resignation from the board, Dr. Ferenc transitioned to an advisory role supporting the parent company, People Can Fly, specifically focusing on mergers, acquisitions, and integration activities.
- The resignation was formally processed and accepted on March 3, 2022, in accordance with Polish financial regulatory requirements.
Current Report No. 11/2022: Management Board Recommendation Regarding Profit Distribution for 2021
The recommendation issued by the Board of PCF Group S.A. on 1 June 2022 proposes a distribution of the company’s net profit for 2021, amounting to PLN 41 751 983.35.
- PCF Group S.A. reported a 2021 net profit of PLN 41,751,983.35.
- The Board recommended a dividend payout of PLN 8,086,561.02, representing approximately 19.37% of the 2021 net profit.
- Shareholders will receive a dividend of PLN 0.27 per share, with a declaration date of 8 July 2022 and a payment date of 3 August 2022.
Current Report No. 24/2025: Determination of the Number and Issue Price of Series H Shares
PCF Group S.A., based in Warsaw, has formally determined the parameters for its Series H share issuance following the conclusion of a book-building process on August 11, 2025.
- PCF Group S.A. will issue 6,670,000 new Series H ordinary bearer shares at a fixed price of 3.00 PLN per share.
- The issue price was finalized on August 11, 2025, following the conclusion of a formal book-building process.
- The capital increase is being executed as a private subscription, utilizing the company’s authorized capital and excluding existing shareholders' pre-emptive rights.