Updated Mar 17, 2026 by PCF Group
PCF Group S.A. and Square Enix Limited signed a new agreement on 19 June 2024 that transitions the European development of Project Gemini to a work-for-hire model.
The revised contract eliminates previous commercial terms, restricting future Project Gemini revenues to the recovery of direct costs incurred by PCF Group.
The updated financial structure will lower both unit and consolidated sales revenue, as well as the net profit attributable to the project.
The board of PCF Group expects a reduction in the overall margin earned on the production-publishing agreement due to the new cost-recovery pricing model.
The financial impact of these changes is governed by International Financial Reporting Standard 15 (IFRS 15).
This update is limited exclusively to the European development segment of Project Gemini and follows previous disclosures made on 24 November 2023 and 30 January 2024.
PCF Group S.A. and Square Enix Limited signed a new agreement on 19 June 2024 that transitions the European development of Project Gemini to a work-for-hire model.
The revised contract eliminates previous commercial terms, restricting future Project Gemini revenues to the recovery of direct costs incurred by PCF Group.
The updated financial structure will lower both unit and consolidated sales revenue, as well as the net profit attributable to the project.
The board of PCF Group expects a reduction in the overall margin earned on the production-publishing agreement due to the new cost-recovery pricing model.
The financial impact of these changes is governed by International Financial Reporting Standard 15 (IFRS 15).
This update is limited exclusively to the European development segment of Project Gemini and follows previous disclosures made on 24 November 2023 and 30 January 2024.