Mid-Year Consolidated Financial Report Q1 2022

PCF Group reported strong Q1 2022 growth with a 63% year-over-year increase in sales revenue to PLN 50.4 million and a 78% rise in net profit to PLN 13.9 million.

The Work-for-Hire segment remains the company's primary financial driver, contributing PLN 12.88 million to the bottom line.

As of March 31, 2022, the Group had not received royalties from the title Outriders because net proceeds had not yet recouped the publisher's initial production and distribution costs.

The company maintains a strong financial position with PLN 344.7 million in total assets, including PLN 135.8 million in cash and PLN 276 million in equity.

Operating costs increased to PLN 50.5 million, driven by the expansion of development structures and the integration of new subsidiaries Incuvo S.A. and Game On Creative.

Strategic investment is shifting toward the Self-publishing segment, which held nearly PLN 29 million in assets as the company focuses on long-term independent IP ownership.

The Group is actively developing a pipeline that includes Project Gemini, Project Dagger, Project Victoria, Project Red, and the Outriders Worldslayer expansion.