Raport z przeglądu skróconego śródrocznego sprawozdania finansowego: PCF Group S.A. H1 2024

The independent auditor’s review of the condensed interim financial statements for PCF Group S.A. covers the first half of the 2024 fiscal year, specifically the period from January 1 to June 30, 2024. The assessment focuses on the company’s financial position, results of operations, and cash flows in accordance with International Accounting Standard 34. While the review concluded that the financial statements were prepared fairly in all material respects, the findings highlight significant risks regarding the company’s future operations and its ability to fund ongoing projects.

A primary concern identified is a material uncertainty that raises significant doubt about the company's ability to continue as a going concern in its current scope. This uncertainty is linked to the necessity of securing additional financing to support a strategy focused on self-publishing and the development of internal game titles. Although management expresses confidence in obtaining the required capital, the success of these efforts remains unconfirmed, posing a risk to the long-term stability of the business.

Furthermore, the financial statements reflect 239.5 million PLN in intangible assets related to ongoing development work for new games. The valuation and capitalization of these assets depend heavily on the company’s ability to complete development, which is contingent upon securing future funding. Management’s five-year cash flow forecast assumes the successful acquisition of new contracts and financing; however, the realization of these projections is subject to future events that are not guaranteed. The scope of this review was conducted under professional standards for interim reporting, which provide a lower level of assurance than a full statutory audit.