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Legal
Current Report No. 22/2023: Development and Publishing Agreement with Microsoft Corporation
PCF Group S.A., operating under the People Can Fly brand, has entered into a significant development and publishing agreement with Microsoft Corporation to produce a new AAA video game currently titled Project Maverick. This partnership, formalized on June 13, 2023, establishes a work-for-hire framework where the studio develops the title using intellectual property owned by Microsoft. The agreement aligns with the studio’s updated corporate strategy to pursue high-value collaborative opportunities with major industry publishers alongside its own internal projects. The financial scope of the project is substantial, with Microsoft providing a total production budget ranging between $30 million and $50 million. Funding is structured around a milestone-based payment system, where the publisher provides capital as the studio completes specific stages of development outlined in a detailed product appendix. This arrangement ensures that the entirety of the production costs is covered by the publisher, mitigating financial risk for the developer while securing a high-budget project for its production pipeline. The scope of this agreement covers the full development cycle of the game, though specific release windows or geographic target markets are not disclosed. The terms of the contract are described as standard for the industry, containing no unusual conditions or deviations from typical AAA publishing agreements. By securing this contract, People Can Fly reinforces its position as a leading global developer capable of handling large-scale, high-budget productions for major platform holders, leveraging its technical expertise within a secure financial framework provided by one of the industry's largest entities.
PCF GroupFeb 2026
Legal
Current Report No. 18/2025: Decision to Reduce the Bifrost Project Development Team
The decision to downsize the development team for the Bifrost project was formally adopted on 4 June 2025 by the board of PCF Group S.A., headquartered in Warsaw, invoking the authority granted under Article 17, paragraph 1 of the MAR Regulation. The primary objective of the decision is to align the project’s staffing levels with the company’s strategic shift toward self‑publishing, financed entirely from the Group’s own resources. Implementation of the decision will affect more than fifty employees, who are subject to termination of employment. Remaining staff members have been offered relocation to other ongoing projects within the Group, reflecting an effort to retain talent while consolidating development activities. The action follows an earlier suspension of work on Bifrost reported on 1 June 2025, indicating a continued reassessment of the project’s viability. The scope of the announcement is limited to PCF Group’s internal operations, covering its Warsaw‑based corporate entity and its self‑publishing development model. No external market or geographic data are presented, and the report does not rely on survey methodology; instead, it is based on internal governance procedures and legal compliance requirements. Future updates concerning Bifrost will be communicated through separate current reports in accordance with applicable legal provisions.
PCF GroupJan 2025
Legal
Raport Bieżący Nr 73/2017
PlayWay S.A. has formalized a strategic investment agreement leading to the establishment of DeGenerals S.A., a new joint-stock company based in Łódź, Poland. This corporate formation, finalized on October 12, 2017, involves a partnership between PlayWay and two individual investors, Michał Flodrowski and Robert Pietrzko. The primary objective of this new entity is the completion and commercial release of the simulation title Tank Mechanic, followed by the ongoing development of additional video game projects specifically targeting the PC platform. The financial structure of DeGenerals S.A. consists of a share capital of 320,000 PLN, divided into an equivalent number of ordinary bearer shares with a nominal value of 1 PLN each. PlayWay S.A. maintains a dominant position in the venture, having acquired 256,000 shares for a cash contribution of 256,000 PLN. The remaining 64,000 shares are split equally between the two individual shareholders, who each contributed 32,000 PLN for their respective stakes. This distribution grants PlayWay an 80% ownership interest in the newly formed subsidiary. This transaction aligns with the broader industry trend of major publishers incubating specialized development teams to focus on niche simulation titles. By securing a majority stake in DeGenerals, PlayWay expands its portfolio of PC-centric development studios while providing the necessary capital and infrastructure to bring Tank Mechanic to market. The establishment of the company marks a formal transition from independent development to a structured corporate framework under the PlayWay umbrella, ensuring the technical and financial resources required for long-term production cycles.
PlayWayOct 2017
Report
Półroczne sprawozdanie Zarządu z działalności Grupy Kapitałowej PCF Group S.A.: 1 stycznia 2024 – 30 czerwca 2024
WARSZAWA | 30 WRZENIA 2024 ROKU PEOPLE PÓEROCZNE SPRAWOZDANIE ZARZADU Z DZIAEALNOSCI GRUPY KAPITALOWEJ PCF GROUP S.A. ORAZ SPÓEKI PCF GROUP S.A. ZA 0KRES 01.01.2024 - 30.06.2024 za okres 01.01.2024 – 30.06.2024 r. (dane w tys. zł, chyba że zaznaczono inaczej) Niniejsze półroczne sprawozdanie z działalności Grupy Kapitałowej PCF Group S.A. i spółki PCF Group S.A. za okres 01.01.2024 – 30.06.2024 r. zostało sporządzone na podstawie § 70 ust. 1 pkt 4, 6, 7 oraz § 71 ust.
PCF Group