PCF Group S.A. has officially resumed development of Project Victoria, reversing the suspension decision made in December 2024.
See it on page 1The project will transition to a self-publishing model, with the company financing the development using its own internal resources.
See it on page 1The studio aims to launch the title in early access within 2025 to facilitate iterative development based on community feedback.
See it on page 1A core team of over ten professionals, primarily based in Canada, has been assigned to execute the revised development roadmap.
See it on page 1The company will conduct formal impairment tests on capitalized development costs as of December 31, 2024, in accordance with International Accounting Standard 36.
See it on page 2The results of the impairment tests and their impact on the valuation of historical expenditures will be disclosed following the completion of the 2024 annual audit.
See it on page 2PCF Group S.A. has officially resumed development of Project Victoria, reversing a suspension decision made in December 2024. This strategic pivot follows a comprehensive review of a revised development plan submitted by key members of the original project team. The decision to restart operations is supported by updated internal sales and marketing projections, which prioritize a more agile development cycle and a refined scope for the title.
The project will now follow a self-publishing model, with the company leveraging its own financial resources to bring the game to market. A core development team of over ten professionals, primarily based in Canada, has been tasked with executing the new roadmap. A central component of this strategy involves accelerating the release schedule by targeting an early access launch within 2025, allowing the studio to iterate on the product based on direct community feedback.
Despite the resumption of work, the company maintains its previous assessment regarding the potential impairment of capitalized development costs associated with the project. In accordance with International Accounting Standard 36, the firm will conduct formal impairment tests based on financial data from December 31, 2024. These findings will be integrated into the upcoming annual financial statements for 2024 to determine the final valuation impact of the project’s historical expenditures. The company intends to disclose the results of these tests to the public once the audit process is finalized.