Updated Mar 23, 2026 by PCF Group
PCF Group S.A. reported a 17.2% decline in total revenue for the first half of 2022, falling to PLN 77.3 million from PLN 90.6 million in the same period of 2021 due to reduced development and outsourcing income.
Despite the revenue drop, net profit increased by 17.5% to PLN 25.5 million, and EBITDA remained stable at PLN 29.0 million, representing a 0.7% growth compared to HY 2021.
The company aims to transition into a flagship-title-per-year model starting in 2024, supported by a development pipeline that includes projects codenamed 'Bulletstorm,' 'Gemini,' and 'Dagger.'
PCF Group is aggressively scaling its operations, targeting a workforce of over 580 employees by the end of 2022 while maintaining a geographic footprint across five cities in Poland and North America.
The company's financial position remains solid with equity growing 9.1% to PLN 283.1 million by the end of HY 2022 and an improved asset-to-liability ratio of 17.5%.
Operating cash flow was slightly negative in the first half of 2022, with liquid assets totaling PLN 137.1 million, a 1.8% decrease from the previous reporting period.
PCF Group S.A. reported a 17.2% decline in total revenue for the first half of 2022, falling to PLN 77.3 million from PLN 90.6 million in the same period of 2021 due to reduced development and outsourcing income.
Despite the revenue drop, net profit increased by 17.5% to PLN 25.5 million, and EBITDA remained stable at PLN 29.0 million, representing a 0.7% growth compared to HY 2021.
The company aims to transition into a flagship-title-per-year model starting in 2024, supported by a development pipeline that includes projects codenamed 'Bulletstorm,' 'Gemini,' and 'Dagger.'
PCF Group is aggressively scaling its operations, targeting a workforce of over 580 employees by the end of 2022 while maintaining a geographic footprint across five cities in Poland and North America.
The company's financial position remains solid with equity growing 9.1% to PLN 283.1 million by the end of HY 2022 and an improved asset-to-liability ratio of 17.5%.
Operating cash flow was slightly negative in the first half of 2022, with liquid assets totaling PLN 137.1 million, a 1.8% decrease from the previous reporting period.