PCF Group Supervisory Board Report for Financial Year 2022

The Supervisory Board of PCF Group S.A. issued this formal report to evaluate the company’s financial standing and management performance for the 2022 fiscal year. The primary purpose of the document is to provide a statutory assessment of the individual and consolidated financial statements, the Management Board's report on activities, and the proposed distribution of profits, ensuring compliance with the Polish Commercial Companies Code and International Financial Reporting Standards.

Key financial data for the period ending December 31, 2022, shows that PCF Group S.A. achieved a standalone net profit of 42.34 million PLN, with total assets valued at 324.53 million PLN. On a consolidated basis, the Capital Group reported a net profit of 21.98 million PLN and total assets of 350.80 million PLN. Despite these profits, both the standalone and consolidated entities experienced negative net cash flows of 41.34 million PLN and 69.12 million PLN, respectively. The Supervisory Board formally recommended that the entire 2022 net profit be allocated to the company’s supplementary capital.

The scope of the report covers the global operations of the Warsaw-based game development group during the 2022 calendar year. The methodology involved a detailed review of internal accounting books, management reports, and the independent auditor's findings. The Board concluded that the financial documentation provides a fair and clear view of the Group’s development, achievements, and risk factors. Furthermore, the Board expressed satisfaction with the Management Board's fulfillment of information obligations regarding corporate resolutions, investment progress, and operational status. The report was signed by all five members of the Supervisory Board on May 31, 2023.