Updated Jun 25, 2026 by Grant Thornton
Grant Thornton Polska issued an unmodified review conclusion for PCF Group S.A.’s H1 2025 financial statements, confirming compliance with International Accounting Standard 34.
A cash-generating unit valued at 133.68 million PLN, representing capitalized development costs for a self-published title, faces significant valuation uncertainty due to unpredictable sales projections for its early access release.
The company holds 52.66 million PLN in deferred tax assets that are subject to realization risk based on revised five-year tax result forecasts.
Financial uncertainty regarding tax assets is directly linked to the company's inability to execute its corporate strategy in its previous form.
The findings indicate a transitional period for the studio as it navigates shifts in its business model and the commercial viability of internal development projects.
The auditor's review covered the period from January 1 to June 30, 2025, and included the statement of financial position, profit or loss, equity changes, and cash flows.
Grant Thornton Polska issued an unmodified review conclusion for PCF Group S.A.’s H1 2025 financial statements, confirming compliance with International Accounting Standard 34.
A cash-generating unit valued at 133.68 million PLN, representing capitalized development costs for a self-published title, faces significant valuation uncertainty due to unpredictable sales projections for its early access release.
The company holds 52.66 million PLN in deferred tax assets that are subject to realization risk based on revised five-year tax result forecasts.
Financial uncertainty regarding tax assets is directly linked to the company's inability to execute its corporate strategy in its previous form.
The findings indicate a transitional period for the studio as it navigates shifts in its business model and the commercial viability of internal development projects.
The auditor's review covered the period from January 1 to June 30, 2025, and included the statement of financial position, profit or loss, equity changes, and cash flows.