Raport z Przeglądu Skróconego Śródrocznego Skonsolidowanego Sprawozdania Finansowego: 2024

This independent auditor’s report, prepared by Grant Thornton Polska, presents the findings of a semi-annual review of the consolidated financial statements for PCF Group S.A., a prominent Polish video game developer. The review covers the first half of the 2024 fiscal year, specifically the period from January 1 to June 30, 2024. The scope includes the consolidated statement of financial position, profit and loss, comprehensive income, changes in equity, and cash flows, all evaluated under International Accounting Standard 34 regarding interim financial reporting.

The analysis concludes that the financial statements are prepared fairly in all material respects. However, the report highlights a critical material uncertainty regarding the Group’s ability to continue as a going concern. This uncertainty stems from the Group's strategic shift toward self-publishing and the production of original intellectual property, which requires significant additional capital. While management is actively pursuing new financing to sustain this strategy, the success of these efforts is not guaranteed.

A significant portion of the Group’s assets is tied to intangible assets, specifically development work in progress valued at 165.28 million PLN as of June 30, 2024. These assets primarily represent ongoing internal game development projects. While management asserts that these projects meet the criteria for capitalization under International Accounting Standard 38, the auditor emphasizes that the five-year cash flow forecasts supporting these valuations are heavily dependent on uncertain future events, including the successful acquisition of external funding and the future performance of games currently in production.