PCF Group S.A. reported Q1 2022 total revenues of 50.4 million PLN, representing a 63.1% year-over-year increase.
Net profit for the first quarter of 2022 reached 13.9 million PLN, a 78.8% increase compared to the same period in 2021.
EBITDA grew by 77.2% to 16.5 million PLN, while adjusted EBITDA rose 61.5% to 16.8 million PLN.
Development revenues were the primary financial driver at 47.4 million PLN, while royalty income contributed only 0.5 million PLN.
The value of development work in progress increased by 49% to 38.6 million PLN, reflecting intensive production activity.
The company expanded its workforce from 495 employees at the end of 2021 to 550 by March 31, 2022.
Total equity grew by 6.3% to 276 million PLN, while cash reserves remained stable with a marginal 1% decline to 135.8 million PLN.
PCF Group S.A., the parent company of the People Can Fly game development studio, reported significant year-over-year growth in its financial results for the first quarter of 2022. The primary objective of the data is to provide an overview of the Group’s fiscal performance, comparing Q1 2022 against Q1 2021 and the full year of 2021. The findings indicate a robust expansion in scale, with total revenues reaching 50.4 million PLN, a 63.1% increase over the same period in the previous year.
Profitability metrics also showed substantial gains. EBITDA rose by 77.2% to 16.5 million PLN, while adjusted EBITDA, which accounts for MSSF2 warrant valuations, grew by 61.5% to 16.8 million PLN. Net profit for the quarter reached 13.9 million PLN, representing a 78.8% increase year-over-year. This growth was largely driven by development revenues, which climbed to 47.4 million PLN, while royalty income remained a minor contributor at 0.5 million PLN.
The Group’s operational capacity expanded alongside its financials, with total employment increasing from 495 at the end of 2021 to 550 by March 31, 2022. On the balance sheet, the value of development work in progress saw a significant 49% increase, reaching 38.6 million PLN. While cash reserves saw a marginal 1% decline to 135.8 million PLN, total equity grew by 6.3% to 276 million PLN. These figures reflect a period of intensive production activity and organizational scaling within the global gaming industry.
