PCF Group's net profit significantly increased from 29,096 thousand PLN in 2020 to 41,752 thousand PLN in 2021.
02
The company's total equity grew substantially from 76,501 thousand PLN at the end of 2020 to 235,705 thousand PLN at the end of 2021, driven by a 125,381 thousand PLN increase from the issuance of series B and D shares.
03
PCF Group expanded its workforce, increasing the number of employees and collaborators from 236 at the end of 2020 to 284 at the end of 2021.
04
Total financial assets increased to 155,068 thousand PLN by December 31, 2021, with cash and cash equivalents making up 90,735 thousand PLN.
05
The company's intangible assets, including patents, licenses, and software, saw a net book value increase from 2,586 thousand PLN at the beginning of 2021 to 7,159 thousand PLN by the end of 2021, with the Unreal Engine license valued at 1,139 thousand PLN.
06
Operating costs rose in 2021 due to increased operational scale, expansion of development and back-office structures, 2.0 million PLN in public offering and share issuance costs, and advisory fees for the acquisition of Game On Creative, Inc.
07
Transactions with related parties were substantial in 2021, with significant sales and loans to People Can Fly U.S., LLC (14,371 thousand PLN in sales, 19,802 thousand PLN in loans) and People Can Fly Canada Inc. (1,335 thousand PLN in sales, 8,028 thousand PLN in loans).
Insights
01
PCF Group's net profit significantly increased from 29,096 thousand PLN in 2020 to 41,752 thousand PLN in 2021.
02
The company's total equity grew substantially from 76,501 thousand PLN at the end of 2020 to 235,705 thousand PLN at the end of 2021, driven by a 125,381 thousand PLN increase from the issuance of series B and D shares.
03
PCF Group expanded its workforce, increasing the number of employees and collaborators from 236 at the end of 2020 to 284 at the end of 2021.
04
Total financial assets increased to 155,068 thousand PLN by December 31, 2021, with cash and cash equivalents making up 90,735 thousand PLN.
05
The company's intangible assets, including patents, licenses, and software, saw a net book value increase from 2,586 thousand PLN at the beginning of 2021 to 7,159 thousand PLN by the end of 2021, with the Unreal Engine license valued at 1,139 thousand PLN.
06
Operating costs rose in 2021 due to increased operational scale, expansion of development and back-office structures, 2.0 million PLN in public offering and share issuance costs, and advisory fees for the acquisition of Game On Creative, Inc.
07
Transactions with related parties were substantial in 2021, with significant sales and loans to People Can Fly U.S., LLC (14,371 thousand PLN in sales, 19,802 thousand PLN in loans) and People Can Fly Canada Inc. (1,335 thousand PLN in sales, 8,028 thousand PLN in loans).