Updated Mar 23, 2026 by PCF Group
PCF Group S.A. reported a significant decline in net profit to PLN 22.0 million in 2022, down from PLN 61.3 million in 2021, driven by higher operating expenses and a weaker revenue mix.
Adjusted EBITDA fell to PLN 48.2 million in 2022 compared to PLN 70.5 million in 2021, primarily due to increased outsourcing costs and lower development earnings.
Total operating income for 2022 reached PLN 180.3 million, supported by PLN 73.2 million from development activities and a PLN 71.5 million contribution from a partnership with Take-Two Interactive Software.
Total assets nearly doubled to PLN 259.5 million at the end of 2022 from PLN 137.1 million in 2021, fueled by growth in cash reserves and development-related assets.
The company expanded its workforce to 612 employees across international locations including Warsaw, Montreal, New York, and Newcastle, reflecting continued investment in talent.
Quarterly data highlights revenue volatility in project pipelines, with development revenue fluctuating between a high of PLN 44.1 million in Q4 2021 and a low of PLN 27.6 million in Q2 2022.
PCF Group S.A. reported a significant decline in net profit to PLN 22.0 million in 2022, down from PLN 61.3 million in 2021, driven by higher operating expenses and a weaker revenue mix.
Adjusted EBITDA fell to PLN 48.2 million in 2022 compared to PLN 70.5 million in 2021, primarily due to increased outsourcing costs and lower development earnings.
Total operating income for 2022 reached PLN 180.3 million, supported by PLN 73.2 million from development activities and a PLN 71.5 million contribution from a partnership with Take-Two Interactive Software.
Total assets nearly doubled to PLN 259.5 million at the end of 2022 from PLN 137.1 million in 2021, fueled by growth in cash reserves and development-related assets.
The company expanded its workforce to 612 employees across international locations including Warsaw, Montreal, New York, and Newcastle, reflecting continued investment in talent.
Quarterly data highlights revenue volatility in project pipelines, with development revenue fluctuating between a high of PLN 44.1 million in Q4 2021 and a low of PLN 27.6 million in Q2 2022.