Legal

Raport Bieżący Nr 45/2025

28 November 20252 pages369 words

Summary

PCF 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.

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Raport Bieżący Nr 45/2025

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