PlayWay S.A. has proposed a total dividend payment of 127,974,000.00 PLN for the 2022 fiscal year, equating to 19.39 PLN per share.
The dividend payout is scheduled for August 29, 2023, with a record date of August 22, 2023, pending approval by the Ordinary General Meeting.
The distribution consists of 114,800,486.21 PLN from 2022 net profits and 13,173,513.79 PLN from undistributed profits of previous years.
PlayWay S.A. intends to use its strong Q1 2023 cash reserves to fund the acquisition of development teams and expand its publishing, testing, and marketing divisions.
Strategic growth priorities for 2023 include increasing the release of game demos and prologues, expanding development for major consoles, and monitoring new market trends.
The dividend recommendation is consistent with the company's established April 2018 dividend policy and is intended to balance shareholder returns with ongoing capital requirements.
The Management Board of PlayWay S.A. has issued a formal recommendation to the Ordinary General Meeting for a dividend payment totaling 127,974,000.00 PLN based on 2022 fiscal performance. This proposal equates to 19.39 PLN per share and is comprised of the total net profit earned in 2022, amounting to 114,800,486.21 PLN, supplemented by 13,173,513.79 PLN in undistributed profits from previous years. The recommendation aligns with the dividend policy established in April 2018 and reflects a robust financial position characterized by sufficient cash reserves to fund ongoing operations and strategic investments.
The proposed distribution follows an analysis of the company’s 2023 investment plans and projected revenues. Management indicates that the financial health of the company remains strong, supported by significant inflows in the first quarter of 2023. These resources are intended to facilitate the continued acquisition of development teams and the expansion of the company’s publishing, testing, and marketing divisions. Strategic priorities for the upcoming period include increasing the publication of game demos and prologues to gauge consumer interest, expanding game development across major consoles, and exploring new market trends.
The timeline for the dividend includes a recommended record date of August 22, 2023, with the payout scheduled for August 29, 2023. This proposal is subject to review by the Supervisory Board and final approval by the Ordinary General Meeting. Management maintains that this level of shareholder remuneration balances investor expectations with the capital requirements necessary to drive future growth in net profit and revenue. The scope of this announcement is limited to the Polish parent company’s financial allocations for the 2022 fiscal year and its immediate operational outlook for 2023.
