PCF Group raised 235.3 million PLN through a secondary public offering, including a 144.5 million PLN investment from Krafton Inc., which acquired a 10% stake and right of first refusal for select future titles.

According to "Financial Results 1H23": PCF Group raised 235.3 million PLN through a secondary public offering, including a 144.5 million PLN investment from Krafton Inc., which acquired a 10% stake and right of first refusal for select future titles.

Financial performance declined in 1H23, with revenue falling to 68.7 million PLN from 90.6 million PLN in 1H22 and a net loss of 13.1 million PLN reported.

According to "Financial Results 1H23": Financial performance declined in 1H23, with revenue falling to 68.7 million PLN from 90.6 million PLN in 1H22 and a net loss of 13.1 million PLN reported.

Adjusted EBITDA dropped significantly to 4.0 million PLN from 29.7 million PLN in 1H22, driven by a high comparative base from the previous year and increased operational costs.

According to "Financial Results 1H23": Adjusted EBITDA dropped significantly to 4.0 million PLN from 29.7 million PLN in 1H22, driven by a high comparative base from the previous year and increased operational costs.

The company is scaling its workforce by 16% to 674 employees to support a portfolio of eight active projects, including two work-for-hire titles for Microsoft and three self-published games expected in 2025-2026.

According to "Financial Results 1H23": The company is scaling its workforce by 16% to 674 employees to support a portfolio of eight active projects, including two work-for-hire titles for Microsoft and three self-published games expected in 2025-2026.

Project Maverick is projected to begin contributing to financial results in the third quarter of 2023.

According to "Financial Results 1H23": Project Maverick is projected to begin contributing to financial results in the third quarter of 2023.

The group is expanding its market reach with the release of Bulletstorm VR, scheduled for December 2023.

According to "Financial Results 1H23": The group is expanding its market reach with the release of Bulletstorm VR, scheduled for December 2023.

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Key Insights

Financial Results 1H23

PCF Group~8 min full read

01
PCF Group raised 235.3 million PLN through a secondary public offering, including a 144.5 million PLN investment from Krafton Inc., which acquired a 10% stake and right of first refusal for select future titles.
02
Financial performance declined in 1H23, with revenue falling to 68.7 million PLN from 90.6 million PLN in 1H22 and a net loss of 13.1 million PLN reported.
03
Adjusted EBITDA dropped significantly to 4.0 million PLN from 29.7 million PLN in 1H22, driven by a high comparative base from the previous year and increased operational costs.
04
The company is scaling its workforce by 16% to 674 employees to support a portfolio of eight active projects, including two work-for-hire titles for Microsoft and three self-published games expected in 2025-2026.
05
Project Maverick is projected to begin contributing to financial results in the third quarter of 2023.
06
The group is expanding its market reach with the release of Bulletstorm VR, scheduled for December 2023.

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