Board
Company
Documents about Board
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.
Annual Report and Accounts 2023
Frontier Developments’ 2023 Annual Report details a period of significant financial contraction and strategic realignment.
- Frontier Developments PLC acquired Complex Games, developers of Warhammer 40,000: Chaos Gate – Daemonhunters, in November 2022, gaining expertise in turn-based strategy games.
- The company's gross research and development spend increased to £52.9 million in FY23, up from £47.5 million in FY22.
- Planet Zoo, released in 2019, is on its 15th PDLC pack (Oceania Pack, due September 2023) and supports animal conservation initiatives with partners like Edinburgh Zoo and San Diego Wildlife Alliance.
FY25 Trading Update: Strong Results and Increased Momentum
Frontier Developments plc reports a modest revenue rise to £90.6 million for FY25, up from £89.3 million in FY24, driven by a 25% year-on-year increase in its Creative Management Simulation (CMS) titles.
- Frontier Developments achieved a significant increase in profitability, with projected Adjusted EBITDA rising to £8–£9 million from £0.9 million in FY24.
- Revenue grew to £90.6 million, driven by a 25% year-on-year increase in Creative Management Simulation (CMS) titles, which now account for 77% of total revenue.
- The launch of Planet Coaster 2 catalyzed a nearly 200% revenue increase for the Planet Coaster franchise.
Annual Report and Accounts 2025
Frontier Developments’ 2025 annual report details a successful financial turnaround, characterized by a return to profitability and a strengthened balance sheet.
- Frontier Developments PLC achieved significant profitability and cash generation uplift in FY25, driven by a sharpened focus on CMS (Content Management System) games and a sustainable cost base.
- Revenue increased year-on-year in FY25, and gross profit rose to £63.3 million (up from £61.3 million in FY24), with an improved gross margin of 70% (up from 69% in FY24) due to a greater share of own-IP game revenue.
- Elite Dangerous, a long-standing space exploration title outside the CMS portfolio, saw 76% year-on-year revenue growth in FY25, supported by new content and increased player engagement.
2025 Annual Report
Square Enix Holdings Co., Ltd. concluded the fiscal year ending March 31, 2025, by initiating a three-year strategic reboot designed to prioritize quality over quantity in game development.
- In the fiscal year ended March 2025, Square Enix Holdings recorded net sales of ¥324.5 billion (a decline from the previous fiscal year) but an increase in profit, with operating income at ¥40.5 billion, ordinary income at ¥40.9 billion, and profit attributable to owners of parent at ¥24.4 billion.
- The Game sub-segment saw increased net sales and profit due to the release of "FINAL FANTASY XIV: Dawntrail" and "The Apothecary Diaries" series, despite a decline in the Games for Smart Devices/PC Browsers sub-segment due to weak existing titles and the absence of prior year royalty income.
- The Merchandising segment reported net sales of ¥19.0 billion (up 0.8% from the prior fiscal year) and operating income of ¥6.0 billion (up 7.2%), driven by strong sales of new character merchandise related to popular Group IP.
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.
Independent Auditor's Report on the Annual Financial Statements: 2021
The audit opinion confirms that PCF Group Spółka Akcyjna’s 2021 financial statements present a true and fair view of the company’s financial position as of December 31, 2021 and its performance for the year.
- PCF Group S.A. received an unqualified audit opinion for 2021, confirming its financial statements are free from material misstatement and comply with IFRS, EU regulations, and Polish statutory requirements.
- The company reported total sales revenue of 107,825 thousand zloty for the 2021 fiscal year.
- As of December 31, 2021, the company held a receivable balance of 22,385 thousand zloty stemming from client contracts.
Semi-Annual Report of the Management Board of PCF Group S.A. 2022
PCF Group S.A. operates as a global video game developer with a strategic focus on transitioning from a contract-based production model toward a self-publishing framework.
- PCF Group's total assets increased by 18% (55.5 million PLN) to 372.2 million PLN as of June 30, 2022, compared to 316.7 million PLN on December 31, 2021.
- The Group ceased generating revenue from Project Dagger production in H1 2022 due to the publisher (Take-Two Interactive Software, Inc.) not entering a new executive agreement; PCF Group is now continuing Project Dagger as a self-published title, classifying its costs as development expenses.
- PCF Group launched the Outriders: Worldslayer DLC on June 28, 2022, under a production-publishing agreement with Square Enix Limited.
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).