Consolidated Interim Financial Report: Q1 2021

Key insights

7 takeaways · ~3 min read

01
Net profit for Q1 2021 was 7,818 thousand PLN, a decrease from 8,683 thousand PLN in Q1 2020. Basic and diluted earnings per share also decreased from 0.32 PLN in Q1 2020 to 0.27 PLN in Q1 2021.See it on page 36
02
Sales revenue increased to 30,871 thousand PLN in Q1 2021 from 25,930 thousand PLN in Q1 2020, but gross profit from sales decreased from 11,809 thousand PLN to 10,603 thousand PLN in the same period.See it on page 36
03
The company's share capital increased to 591,250.24 PLN by March 31, 2021, from 550,000 PLN at the end of 2020, due to the issuance of 2,062,512 Series B shares.See it on page 9
04
The company signed a preliminary agreement with Square Enix Limited on July 31, 2020, for the issuance of subscription warrants (Series A) tied to revenue milestones of 45,000 thousand PLN from agreements with Square Enix Limited, valid until September 30, 2024.See it on page 18
05
As of March 31, 2021, Sebastian Wojciechowski holds 50.31% of the company's share capital and voting rights, a decrease from 54.08% at December 31, 2020.See it on page 22
06
The company's operations do not exhibit seasonality or cyclicality in the interim period. The company also states that COVID-19's impact on their revenue from production is indirect and that their generated margin covers operational costs.See it on page 33
07
Financial costs increased significantly to 288 thousand PLN in Q1 2021 from 43 thousand PLN in Q1 2020, primarily due to interest costs on lease liabilities and foreign exchange differences.See it on page 23

Summary

GRUPA KAPITAŁOWA PCF GROUP SPÓŁKA AKCYJNA – WYBRANE DANE od 01.01 od 01.01 od 01.01 od 01.01 do 31.03.2021 r. do 31.03.2020 r. do 31.03.2021 r. do 31.03.2020 r.