PCF Group S.A. and Square Enix Limited signed a conditional settlement on 19 November 2025 to terminate their production-publishing contracts for the Gemini and Madness projects.
The settlement is contingent upon PCF Group delivering a 'Closing Kit' of all Gemini development materials within 30 days of the signing date.
Square Enix has a 30-day window following the delivery of the Closing Kit to review and confirm its contents.
The agreement will lapse and all legal effects will be nullified if Square Enix rejects the materials or fails to respond within the designated review period.
Both parties have agreed to mutually waive any further claims related to the Gemini project (contracted 12 August 2020) and the Madness project (contracted 16 February 2016).
The settlement does not involve any disclosed monetary payments, focusing instead on the formal handover of project assets and the cessation of contractual obligations.
The primary aim is to announce that PCF Group S.A., headquartered in Warsaw, has entered into a conditional settlement with Square Enix Limited of London concerning the financial finalisation of the Gemini project and the termination of two existing production‑publishing contracts. The settlement, signed on 19 November 2025, resolves the 12 August 2020 agreement for Gemini and the 16 February 2016 agreement for the Madness project, with both parties mutually waiving any further claims arising from their prior collaboration.
Key terms of the settlement include a suspensive condition: PCF Group must deliver, within 30 days of signing, a “Closing Kit” comprising all development materials generated for Gemini. Square Enix then has a further 30‑day window to review and confirm the kit’s contents. Failure by Square Enix to respond or any rejection of the kit will cause the settlement to lapse, nullifying all stipulated legal effects. The agreement therefore hinges on timely exchange and verification of deliverables rather than on any monetary settlement disclosed in the announcement.
The scope is limited to the two companies—PCF Group, a Polish capital‑market entity, and Square Enix, a UK‑based publisher—and to the two video‑game projects, Gemini and Madness, spanning contractual relationships from 2016 to 2020. No quantitative data or broader market analysis is presented, and the communication serves solely as a regulatory disclosure under Article 17(1) of the MAR regulation. Further updates on the outcome of the conditional arrangement will be provided in subsequent filings.
