PCF Group S.A. recorded a significant impairment of assets related to the 'Victoria' project (Lost Rift) and the PCF Framework, resulting in a 92,045 thousand PLN reduction in consolidated Q3 2025 profit.
See it on page 1The standalone company impairment is 126,348 thousand PLN, representing an 88% write-down of the cash-generating unit's allocated assets.
See it on page 1The impairment is non-cash in nature and does not impact EBITDA for either the standalone company or the consolidated Group.
See it on page 1The financial adjustment was triggered by poor early-access sales performance and negative player feedback for 'Lost Rift', which launched on 25 September 2025.
See it on page 1Management significantly revised downward the projected future cash flows for the 'Lost Rift' title, leading to an 85% impairment of the consolidated CGU assets.
See it on page 1The Board retains the legal option to reverse these impairments in the future if underlying financial assumptions or project performance improve.
See it on page 1These figures are currently provisional and subject to audit verification before the final 2025 annual financial statements are published.
See it on page 2PCF Group S.A., headquartered in Warsaw, announced an asset‑value adjustment for the cash‑generating unit (CGU) that includes expenditures on the Victoria project (the game Lost Rift), the PCF Framework and other allocated intangible assets. The adjustment follows the completion of analyses undertaken for the Group’s consolidated third‑quarter 2025 report and is grounded in the requirements of Article 17(1) of the MAR Regulation.
For the standalone company, an impairment of 88 % of the CGU’s allocated assets will reduce the third‑quarter 2025 profit and the carrying amount of non‑current assets by 126,348 thousand PLN. At the consolidated level, an impairment of 85 % will lower the Group’s third‑quarter profit and the consolidated non‑current asset balance by 92,045 thousand PLN. The impairments are non‑cash in nature and do not affect EBITDA at either the standalone or consolidated level.
The decision is driven by a detailed review of sales data for Lost Rift, released on 25 September 2025 in early‑access format, combined with player‑community feedback and a significant downward revision of projected future cash flows from the title. The Board retains the option to reverse the impairment, wholly or partially, should favorable changes in underlying assumptions occur.
All figures remain provisional, pending audit verification, and will be finalized in the 2025 annual financial statements unless earlier disclosure is mandated by law. The scope of the adjustment is limited to the Polish‑based PCF Group and its subsidiaries, covering intangible assets related to video‑game development for the third quarter of 2025.
