PCF Group experienced a significant net loss of EUR 53,106 in 2024, worsening from a loss of EUR 14,277 in 2023.
02
The company's operating loss also substantially increased to EUR 55,351 in 2024 from EUR 18,395 in 2023.
03
Despite the losses, sales revenue grew from EUR 26,585 in 2023 to EUR 38,673 in 2024.
04
Net cash flow from operating activities increased significantly to EUR 12,146 in 2024 from EUR 4,873 in 2023.
05
PCF Group is exposed to currency risk as most costs are in PLN while most revenues are in EUR and USD, though a contract with Square Enix Limited for "Project Gemini" includes provisions against EUR/PLN exchange rate changes.
06
The company conducted impairment tests on development work for "Victoria" and "Bison" projects as of December 31, 2024.
07
PCF Group utilized the IP Box tax relief, applying a preferential 5% corporate income tax rate to qualified intellectual property income for 2019-2023.
Insights
01
PCF Group experienced a significant net loss of EUR 53,106 in 2024, worsening from a loss of EUR 14,277 in 2023.
02
The company's operating loss also substantially increased to EUR 55,351 in 2024 from EUR 18,395 in 2023.
03
Despite the losses, sales revenue grew from EUR 26,585 in 2023 to EUR 38,673 in 2024.
04
Net cash flow from operating activities increased significantly to EUR 12,146 in 2024 from EUR 4,873 in 2023.
05
PCF Group is exposed to currency risk as most costs are in PLN while most revenues are in EUR and USD, though a contract with Square Enix Limited for "Project Gemini" includes provisions against EUR/PLN exchange rate changes.
06
The company conducted impairment tests on development work for "Victoria" and "Bison" projects as of December 31, 2024.
07
PCF Group utilized the IP Box tax relief, applying a preferential 5% corporate income tax rate to qualified intellectual property income for 2019-2023.