Updated Mar 17, 2026 by PCF Group
PCF Group raised approximately 235 million PLN through Series F and G share issuances, securing Krafton, Inc. as a 10% anchor investor to fund its 2023–2027 growth strategy.
The company reported a net loss of 13.1 million PLN on 68.7 million PLN in revenue, representing a 24% year-over-year decline in revenue.
Revenue remains highly concentrated, with over 75% derived from a single work-for-hire contract with Square Enix and no royalty payments received for Outriders to date.
The Group signed a production agreement with Microsoft for Project Maverick, a AAA title with a budget ranging from $30 million to $50 million.
Total assets increased to 481.9 million PLN, supported by the acquisition of a 62.25% stake in VR developer Incuvo S.A. and the development of the proprietary PCF Framework.
Strategic operations are shifting toward self-publishing and Game-as-a-Service models to reduce reliance on external publishers and support future internal titles including Projects Gemini, Dagger, and Bifrost.
PCF Group raised approximately 235 million PLN through Series F and G share issuances, securing Krafton, Inc. as a 10% anchor investor to fund its 2023–2027 growth strategy.
The company reported a net loss of 13.1 million PLN on 68.7 million PLN in revenue, representing a 24% year-over-year decline in revenue.
Revenue remains highly concentrated, with over 75% derived from a single work-for-hire contract with Square Enix and no royalty payments received for Outriders to date.
The Group signed a production agreement with Microsoft for Project Maverick, a AAA title with a budget ranging from $30 million to $50 million.
Total assets increased to 481.9 million PLN, supported by the acquisition of a 62.25% stake in VR developer Incuvo S.A. and the development of the proprietary PCF Framework.
Strategic operations are shifting toward self-publishing and Game-as-a-Service models to reduce reliance on external publishers and support future internal titles including Projects Gemini, Dagger, and Bifrost.