Updated Mar 17, 2026 by PCF Group
People Can Fly Group reported a 19.1% year-over-year revenue increase to 30.9 million PLN in Q1 2021, with development services accounting for 30.2 million PLN of that total.
Net cash flow surged by 2,390% to 106.1 million PLN during the quarter, primarily fueled by capital activities and the company's public market presence.
Net profit declined by 10% to 7.8 million PLN compared to Q1 2020, despite a 6.6% increase in adjusted EBITDA to 10.4 million PLN.
The company expanded its international footprint by May 2021 with the addition of Game On Creative in Canada and People Can Fly Chicago, contributing to a 7.1% increase in total workforce to 301 employees.
The Board of Directors recommended a dividend payout of 0.19 PLN per share (5.6 million PLN total) from 2020 profits, while allocating 23.5 million PLN to reserve capital for future development.
Following the acquisition of Game On Creative and private subscriptions, the company's shareholder structure shifted, leaving the majority stake at approximately 65.9%.
People Can Fly Group reported a 19.1% year-over-year revenue increase to 30.9 million PLN in Q1 2021, with development services accounting for 30.2 million PLN of that total.
Net cash flow surged by 2,390% to 106.1 million PLN during the quarter, primarily fueled by capital activities and the company's public market presence.
Net profit declined by 10% to 7.8 million PLN compared to Q1 2020, despite a 6.6% increase in adjusted EBITDA to 10.4 million PLN.
The company expanded its international footprint by May 2021 with the addition of Game On Creative in Canada and People Can Fly Chicago, contributing to a 7.1% increase in total workforce to 301 employees.
The Board of Directors recommended a dividend payout of 0.19 PLN per share (5.6 million PLN total) from 2020 profits, while allocating 23.5 million PLN to reserve capital for future development.
Following the acquisition of Game On Creative and private subscriptions, the company's shareholder structure shifted, leaving the majority stake at approximately 65.9%.