Key insights
7 slides
Revenue growth
Revenue rose to PLN 90.6 million in 1H 2023.
Revenue increased from PLN 68.7 million in 1H 2022.
Profitability
EBIT turned positive at PLN 29.0 million in 1H 2023.
Operating income reached PLN 29.0 million, compared with a loss of PLN 13.1 million in 1H 2022. The report links the improvement to higher scale.
Workforce
Workforce grew 16% to 34.5k employees by June 30, 2023.
The company expanded its workforce from 29.7k to 34.5k employees by the end of June 2023.
Capital raise
SPO raised PLN 235.3 million at PLN 40.20 per share.
A secondary public offering raised PLN 235.3 million. Cash and cash equivalents increased by PLN 235.3 million, largely due to the SPO.
Shareholder
Krafton Inc. invested PLN 144.5 million for preferential rights.
Krafton Inc. became a key shareholder with a PLN 144.5 million investment. The investment secured preferential rights for future publishing agreements.
Pipeline
Green Bulletstorm launches 14 December 2023; three titles scheduled 2025–26.
The development pipeline includes the VR title Green Bulletstorm launching 14 December 2023. Three self-publishing titles—Maverick, Gemini, and Dagger—are scheduled for 2025–26.
Page 16 of the report- 01Green BulletstormVR title launching 14 December 2023
- 02MaverickSelf-publishing title scheduled for 2025–26
- 03GeminiSelf-publishing title scheduled for 2025–26
- 04DaggerSelf-publishing title scheduled for 2025–26
Balance sheet
Total assets reached PLN 481.9 million at 30 June 2023.
Total assets were PLN 481.9 million at 30 June 2023, up from PLN 350.8 million in December 2022. Equity strengthened to PLN 277.6 million.
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Summary
The presentation reports PCF Group S.A.’s financial performance for the first half of 2023, covering operations across its global studio network and publishing activities. Revenue rose to PLN 90.6 million in 1H 2023, up from PLN 68.7 million in the same period of 2022, driven primarily by a new contract with Take Two Interactive and the launch of the VR title “Green Hell.” Operating income (EBIT) reached PLN 29.0 million, a significant improvement over the prior year’s negative EBIT of PLN 13.1 million, reflecting higher scale and a 16 % increase in the workforce from 29.7 k to 34.5 k employees by June 30, 2023.
The group’s balance sheet shows total assets of PLN 481.9 million at 30 June 2023, up from PLN 350.8 million in December 2022, with equity strengthening to PLN 277.6 million. Cash and cash equivalents increased by PLN 235.3 million, largely due to a secondary public offering (SPO) that raised PLN 235.3 million at an issue price of PLN 40.20 per share. Key shareholders include Krafton Inc., which invested PLN 144.5 million and secured preferential rights for future publishing agreements.
Portfolio highlights include the self‑publishing titles “Maverick,” “Gemini,” and “Dagger,” with projected releases in 2025‑26, and the VR project “Green Bulletstorm” slated for a 14 December 2023 launch. The company projects continued growth in both development and publishing segments, with a focus on expanding its VR footprint and leveraging strategic partnerships for upcoming releases.
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