Updated Mar 17, 2026 by PCF Group
PCF Group S.A. is recording a full 100% write-down of the Bifrost project, reducing individual fixed assets by 213.493 million PLN and consolidated fixed assets by 154.964 million PLN.
The company is writing down its equity stake in Incuvo S.A. by 73%, resulting in an 18.893 million PLN reduction in individual profit and fixed-asset value.
A complete write-down of goodwill allocated to Incuvo S.A. will decrease consolidated profit and fixed-asset totals by 18.061 million PLN.
All disclosed impairments are non-cash in nature and will have no impact on the company's EBITDA at either the individual or consolidated level.
The Bifrost write-down is driven by uncertainty regarding future development and release financing, while the Incuvo impairments reflect a significant decline in fair market value.
While the Bifrost and Incuvo equity impairments are potentially reversible, the goodwill write-down is considered irreversible.
These figures are provisional and subject to audit verification before the finalization of the 2024 financial statements.
PCF Group S.A. is recording a full 100% write-down of the Bifrost project, reducing individual fixed assets by 213.493 million PLN and consolidated fixed assets by 154.964 million PLN.
The company is writing down its equity stake in Incuvo S.A. by 73%, resulting in an 18.893 million PLN reduction in individual profit and fixed-asset value.
A complete write-down of goodwill allocated to Incuvo S.A. will decrease consolidated profit and fixed-asset totals by 18.061 million PLN.
All disclosed impairments are non-cash in nature and will have no impact on the company's EBITDA at either the individual or consolidated level.
The Bifrost write-down is driven by uncertainty regarding future development and release financing, while the Incuvo impairments reflect a significant decline in fair market value.
While the Bifrost and Incuvo equity impairments are potentially reversible, the goodwill write-down is considered irreversible.
These figures are provisional and subject to audit verification before the finalization of the 2024 financial statements.