- 01
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.
- 02
The revised contract eliminates previous commercial terms, restricting future Project Gemini revenues to the recovery of direct costs incurred by PCF Group.
- 03
The updated financial structure will lower both unit and consolidated sales revenue, as well as the net profit attributable to the project.
- 04
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.
- 05
The financial impact of these changes is governed by International Financial Reporting Standard 15 (IFRS 15).
- 06
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.