Updated Mar 17, 2026 by PCF Group
PCF Group S.A. officially terminated Project Dagger on 5 April 2024 due to unsatisfactory commercial potential following multiple project redefinitions.
The cancellation results in a standalone net profit and non-current asset reduction of approximately 79.9 million zł for the 2023 fiscal year.
On a consolidated basis, the group expects a net profit and non-current asset decrease of approximately 68.3 million zł.
The financial impact consists of one-off, non-cash write-offs of all project expenditures incurred as of 31 December 2023.
The write-offs do not affect EBITDA at either the standalone or consolidated reporting levels.
The provided financial figures are provisional estimates subject to audit verification and will be finalized in the 2023 financial statements.
PCF Group S.A. officially terminated Project Dagger on 5 April 2024 due to unsatisfactory commercial potential following multiple project redefinitions.
The cancellation results in a standalone net profit and non-current asset reduction of approximately 79.9 million zł for the 2023 fiscal year.
On a consolidated basis, the group expects a net profit and non-current asset decrease of approximately 68.3 million zł.
The financial impact consists of one-off, non-cash write-offs of all project expenditures incurred as of 31 December 2023.
The write-offs do not affect EBITDA at either the standalone or consolidated reporting levels.
The provided financial figures are provisional estimates subject to audit verification and will be finalized in the 2023 financial statements.