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Szacunkowe wyniki finansowe za I półrocze 2022 r.

The report announces preliminary consolidated financial results for PCF Group S.A. and its capital group for the first half of 2022, following earlier interim reports. The key figures presented are revenue from sales at PLN 90.6 million, EBITDA of PLN 29.0 million, and net profit of PLN 25.5 million. These numbers are provisional and will be reviewed by an external auditor before finalization. The definitive half‑year financial statements, covering the six months ending 30 June 2022, are scheduled for publication on 29 September 2022. The scope of the data is limited to consolidated results for the entire PCF Group, with no breakdown by geographic region or individual business segments disclosed. The methodology is not detailed beyond the indication that an audit will verify the estimates; no survey or sample size information is provided. The report serves to inform shareholders and market participants of the group’s early performance, highlighting a strong profitability profile with EBITDA and net profit margins exceeding 30 % of sales. The forthcoming official report will provide audited confirmation of these figures and any adjustments made during the review process.

investment market-analysis europe

PCF Group

Report

Szacunkowe wyniki finansowe za rok obrotowy 2022

The report presents preliminary consolidated financial results for PCF Group S.A. for the fiscal year ending 31 December 2022, as required under Article 17(1) of the MAR regulation. The company’s management has decided to disclose these estimates publicly, following earlier interim reports 3/2023 and 4/2023. Revenue from sales is estimated at PLN 170 million, while EBITDA is projected at PLN 48.5 million. These figures are provisional and will be audited by an external auditor before finalization. The scope of the estimates covers the entire PCF Group, encompassing all subsidiaries and operating units. The time period is strictly the 2022 fiscal year. No detailed breakdown by geographic region or business segment is provided in this preliminary disclosure; the figures represent group‑wide aggregates. Methodologically, the estimates are derived from management’s internal projections and will undergo verification by a qualified auditor. The final audited results, both individual and consolidated, are scheduled for release in the 2022 annual reports on 27 April 2023. The report maintains a neutral tone, focusing solely on the announced revenue and EBITDA figures without additional commentary or analysis.

investment europe

PCF Group

Report

Current Report No. 10/2023: Change of Date for Submission of Annual Reports for 2022

The report announces a revised deadline for the publication of PCF Group S.A.’s consolidated and individual annual reports for 2022. The change follows an earlier current report issued on 19 January 2023, which had set the release date for 27 April 2023. The updated schedule moves the publication forward to 28 April 2023, thereby shortening the interval between the original deadline and the new one by one day. The adjustment is made under § 80(2) of the Ministry of Finance regulation dated 29 March 2018, which governs ongoing and periodic disclosures required from issuers of securities. The notice confirms that both the group‑wide consolidated report and the individual entity’s annual report will be released on the same date, ensuring consistency across filings. No additional data or statistical findings are presented; the document’s sole purpose is to inform stakeholders of the date modification. The scope is limited to PCF Group S.A., covering its 2022 financial year, and the time frame is confined to the publication date change announced in March 2023. The methodology involves a straightforward administrative update, with no survey or external data sources referenced.

investment europe

PCF Group

Report

Nacon Announces Insolvency and Judicial Reorganisation Proceedings

Nacon, a subsidiary of the Bigben Group and listed on Euronext Paris, announced on 25 February 2026 that it has filed for insolvency and requested the initiation of judicial reorganisation proceedings before the Commercial Court of Lille Métropole. The filing follows a liquidity crisis triggered by Bigben Interactive’s failure to repay part of its bond loan after an unexpected refusal from its banking pool. Nacon stated that its available assets are insufficient to meet current liabilities, prompting a rapid financial restructuring with creditors to safeguard operations and preserve jobs. The court‑initiated procedure, known in France as “redressement judiciaire,” freezes existing debts for up to 18 months, allowing the company to present a viable continuation plan. The hearing is scheduled for early March, and until a decision is made, the company’s shares remain suspended on Euronext Paris. Employee representatives were notified of the insolvency filing on 24 February. Financially, Nacon reported IFRS revenue of €167.9 million for 2024/25 and an operating profit of €1.1 million, supported by a workforce of over 1,000 employees across 25 subsidiaries and a distribution network covering 100 countries. The company’s portfolio includes 16 development studios, AA publishing, and premium gaming peripherals, positioning it as a unified entity within the video‑game market. The reorganisation aims to renegotiate debt, protect staff, and secure a sustainable operational future under court supervision.

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Nacon

Report

Raport Bieżący Nr 12/2023: Zawarcie Umowy Inwestycyjnej z Krafton, Inc.

The document announces that Krafton, Inc. has entered into an investment agreement to acquire shares of PCF Group S.A. under a capital increase authorized by the extraordinary general meeting, allowing up to 5 853 941 new ordinary shares of series F at a nominal value of PLN 0.02 each. The agreement obligates Krafton to purchase shares representing 10 % of the company’s capital and voting rights at an issue price of PLN 40.20 per share, with the company guaranteeing allocation upon fulfillment of Krafton’s subscription commitment. The investment contract grants Krafton rights of first negotiation and first refusal on future projects such as Project Victoria or Project Bifrost if released outside a self‑publishing model, and includes anti‑dilution, tag‑along, and drag‑along provisions. Both parties have executed lock‑up agreements lasting until 28 March 2024 and standard representations, warranties, and indemnity clauses. The agreement is governed by Polish law, has a ten‑year term with automatic renewal provisions, and allows Krafton to terminate under specific circumstances such as cancellation of the offer or failure to meet subscription deadlines; no penalties are stipulated. The report, prepared under EU Regulation MAR, is strictly informational and restricted to qualified investors within the European Economic Area, excluding public distribution in jurisdictions such as the United States, Canada, Australia, Japan, and South Africa. It contains forward‑looking statements subject to risks and uncertainties, and disclaims any investment recommendation or guarantee.

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PCF Group

Report

Notice Concerning Upward Revision of Earnings Forecasts for FY2017

KLab Inc. announced an upward revision of its consolidated earnings forecasts for the fiscal year ending December 31, 2017. The company’s revised projections show a 13.3 % increase in revenue, rising from ¥22.5 billion to ¥25.5 billion, and a 37.9 % rise in operating profit from ¥2.9 billion to ¥4.0 billion. Ordinary profit attributable to net income is projected to climb 52.7 % from ¥2.75 billion to ¥4.20 billion, while net income attributable to owners of the parent is expected to grow 60.0 % from ¥1.75 billion to ¥2.80 billion, translating into earnings per share of ¥76.31 versus the prior estimate of ¥47.85. The upward revision is driven primarily by stronger-than‑expected sales from the company’s flagship titles, notably “Captain Tsubasa – Tatakae Dream Team,” released on June 13, 2017. Early sales momentum for this title is projected to continue into the second half of the fiscal year, prompting the company to adjust its forecasts. KLab maintains a range‑based presentation for FY2017 earnings due to uncertainties surrounding new releases that have not yet entered the market. The forecast adjustments cover the entire Japanese market for KLab’s mobile gaming segment and reflect data available as of August 7, 2017. The company cautions that actual results may differ from these projections because of future market and operational variables.

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KLab

Report

Current Report No. 18/2023: Initiation of Negotiations for a Credit Agreement with Bank Polska Kasa Opieki S.A.

The report announces that on 30 May 2023 the board of PCF Group S.A. received financing terms from Bank Polska Kasa Opieki S.A., confirmed by the bank’s Credit Committee. The proposed facility is a revolving credit line capped at PLN 50 million, intended to cover production costs for commissioned games. The line is renewable and the repayment period extends up to three years from contract signing, with customary collateral for such transactions. The board has decided to enter negotiations to finalize credit documentation under these terms, while noting that receipt of the terms and initiation of talks does not guarantee a binding agreement. The company will disclose final documentation in a separate report once executed.

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PCF Group

Report

Conditional Registration of Series G Bearer Shares: Report 48/2023

The report announces that on 7 September 2023 the National Securities Depository (KDPW) conditionally registered 2,510,904 bearer common shares of PCF Group S.A. (ISIN PLPCFGR00010), each with a nominal value of 0.02 PLN, under the condition that they are introduced into trading on a regulated market where other PCF Group shares with the same ISIN have been listed. The registration is governed by § 17(1)(1) of the Minister of Finance Regulation dated 29 March 2018 concerning current and periodic information provided by issuers. The conditional nature of the registration implies that the shares will only become fully registered and tradable once they are listed on a regulated market. The information was communicated by the company’s board and will be disseminated through KDPW’s operational notice. The scope is limited to the Polish market, specifically the Warsaw Stock Exchange or other regulated venues where PCF Group shares are listed. No additional data, methodology, or statistical analysis is provided beyond the registration details and legal basis.

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PCF Group

Report

FY2024 Presentation Material: October 2023 to September 2024

October 2023 to September 2024 The future information, such as earnings forecast, written in this document is based on our expectations and assumptions as of the date the forecast was made. Our actual results could differ materially from those described in this forecast because of various risks and uncertainties. 1. FY2024 Full Year Results (October 2023 -September 2024) 2. FY2025 Forecast (October 2024 -September 2025) 3. Internet Advertisement Business 6. Medium to Long-Term Strategy 7.

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CyberAgent

Report

Raport Bieżący Nr 8/2024: Podjęcie Decyzji o Zaniechaniu Dalszych Prac Nad Projektem Dagger

PCF Group S.A. has officially terminated development of Project Dagger, a decision driven by a strategic reassessment of the company’s development pipeline. Following a comprehensive evaluation of the project’s scope and commercial potential, management concluded that the game’s redefined direction failed to meet internal performance expectations. This cancellation marks the conclusion of a development cycle that had been subject to multiple prior disclosures since late 2022. The financial impact of this decision involves a full write-down of all capitalized expenditures associated with the project. As of December 31, 2023, the company will record impairment charges totaling 79.9 million PLN in its standalone financial statements and 68.3 million PLN in its consolidated financial statements. These adjustments will directly reduce the carrying value of fixed assets and negatively affect the net financial results for the 2023 fiscal year. While these write-downs are significant, they are classified as one-time, non-cash events and will not impact the company’s EBITDA. The reported figures remain estimates pending final audit verification, with the definitive financial impact to be formally presented in the upcoming annual reports. This strategic pivot reflects a broader effort to optimize the company’s portfolio and reallocate resources toward projects with more favorable commercial prospects within the global gaming market.

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PCF Group

Report

Zakończenie subskrypcji akcji serii F PCF Group S.A.

The report announces the completion of a private subscription offering for 3,343,037 ordinary Series F shares of PCF Group S.A., each with a nominal value of 0.02 PLN, issued at an emission price of 40.20 PLN per share. The subscription period ran from 29 May to 1 June 2023, with contracts finalized on 6 June and full payment received by 9 June. Two investors participated, acquiring the entire offering; no tranches or secondary allocations were involved. The total value of the issuance amounted to 134,390,087.40 PLN. Costs associated with the offering are pending finalization; a separate report will disclose detailed expense breakdowns and per‑share cost once all invoices are received. The document clarifies that the shares were offered exclusively within Poland, with no prospectus required under EU Prospectus Regulation, and that the offering is restricted to qualified investors in the European Economic Area, the United Kingdom, and certain U.S. institutional investors under Rule 144A. Legal notices emphasize that the report is informational only, not an offer or recommendation, and that distribution outside specified jurisdictions is prohibited. The report also contains forward‑looking statements subject to risks, uncertainties, and regulatory constraints, underscoring that investors should conduct independent due diligence before participating.

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PCF Group

Report

Current Report No. 29/2023: Change in Shareholding of Sebastian Wojciechowski

The report informs shareholders that on 28 June 2023, Sebastian Wojciechowski submitted a notification to PCF Group S.A. under Article 69 of the Polish Public Offering Act, indicating a change in his ownership stake and voting rights within the company. The notification is attached to this current report, which serves as the official disclosure required by Article 70(1) of the same legislation. The document confirms that the board has received and recorded Wojciechowski’s update, thereby ensuring compliance with regulatory disclosure obligations for public‑listed entities. No additional data on the magnitude of the shareholding change, percentage ownership before or after, or impact on corporate governance is provided within this brief notice. The scope of the disclosure is limited to PCF Group S.A., a Warsaw‑based public company, and pertains solely to the period up to 28 June 2023. Methodologically, the report follows statutory reporting procedures, relying on formal notification from the shareholder and internal board verification. The concise communication fulfills the legal requirement to inform investors of material changes in shareholding and voting power, maintaining transparency for market participants.

investment europe

PCF Group

Report

List of Proposed Changes to the Articles of Association: PCF Group S.A.

The proposed amendments to the Articles of Association of PCF Group S.A. aim to modify the company’s share capital structure and introduce a new series of shares. The current authorized capital is PLN 668,587.34, divided among five existing series (A, B, D, E, and F) with nominal values of PLN 0.02 per share. The amendments raise the minimum authorized capital to PLN 668,587.36 and set a maximum of PLN 718,805.42, thereby allowing for future capital increases within this range. The share distribution remains largely unchanged for the first five series, preserving their respective quantities: 27,500,000 shares of Series A; 2,062,512 shares of Series B; 387,714 shares of Series D; 136,104 shares of Series E; and 3,343,037 shares of Series F. A new sixth series, Series G, is introduced with a minimum issuance of one share and a maximum cap of 2,510,904 shares, each also valued at PLN 0.02. These changes provide the company with greater flexibility to issue additional shares, potentially for capital raising or strategic purposes, while maintaining a clear cap on the total authorized share count. The amendments are confined to Warsaw-based PCF Group S.A., with no geographic expansion indicated, and pertain solely to the corporate governance framework rather than operational or financial performance metrics.

investment europe

PCF Group

Report

Interim Financial Report Six Months Ended 30 September 2024

NACON SA’s first half of the 2024/25 fiscal year delivered a €77.0 million revenue increase of 13.6 % over the prior year, driven largely by a 16.6 % rise in accessories sales and a 27.1 % jump in back‑catalogue revenue, while new‑game sales slipped 6.6 %. Gross profit climbed to €50.7 million, giving a gross margin of 65.8 %. However, EBITDA fell 3.2 % to €28.3 million and net income dropped 32.4 % to €2.2 million, largely due to higher personnel costs, operating expenses—including advertising and R&D—and a significant impairment charge on the Daedalic studio. Earnings per share fell to €0.02 from €0.04, and the company’s cash balance contracted to €13.8 million after financing outflows and a €16.5 million rights issue. The group’s financial structure remains robust, with no goodwill impairment and total long‑term liabilities of €118.9 million at an average interest rate of 3.0 %. A new medium‑term debt facility of €22 million and the capital increase position the company for a busy second half, featuring multiple game releases and accessory launches. Export sales dominate the revenue mix, accounting for 91 % of total sales; Europe (excluding France) and North America contribute 44.8 % and 45.8 %, respectively. Geographically, the company operates primarily in Europe (excluding France) and North America, with a strong online services and live‑ops component recognized under IFRS 15 as separate obligations. While the debt load remains high, foreign‑exchange gains partially offset financial losses, and no dividend was paid. Overall, NACON’s first‑half performance shows solid revenue growth but earnings pressure from rising costs and impairment charges, positioning the company for a strategic focus on accessory sales and catalogue revenue in the remainder of the fiscal year.

investment market-analysis france

Nacon

Report

Half-Year Financial Report 2020-21

HALF-YEAR FINANCIAL REPORT 2020-21 Responsibility statement by the certifying officer…………………………………………….….page 3 Management report on the half-year financial statements 2020/21……………………………page 4 Half-year consolidated financial statements 2020/21……………………………………………page 11 Responsibility statement by the certifying officer for the half-year financial report 2020-21 I hereby certify that, to the best of my knowledge, the financial statements for the past six months presented in this half-year financia...

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Pullup Entertainment

Report

Current Report No. 4/2025: Production Agreement with Sony Interactive Entertainment LLC

PCF Group S.A. has entered into a formal Prototype Development Agreement with Sony Interactive Entertainment LLC to collaborate on the creation of a new video game prototype, currently identified by the codename Project Delta. This partnership centers on the development of a title based on intellectual property owned by Sony, marking a strategic expansion of the developer’s portfolio within the global gaming market. The collaboration follows a work-for-hire business model, wherein the developer provides professional production services in exchange for agreed-upon compensation. The project is structured around a series of defined milestones, with specific operational requirements and payment schedules outlined in the agreement’s technical annex. The terms of this arrangement align with standard industry practices for prototype development and do not deviate from typical contractual frameworks for similar high-profile collaborations. This agreement serves as a direct implementation of the corporate strategy updated by the developer in early 2023. By securing this contract, the firm fulfills its stated objective of pursuing high-value partnerships with reputable industry leaders to diversify its revenue streams through commissioned development work. The project represents a significant step in leveraging the developer’s technical expertise to support the production goals of major international publishers, reinforcing its position as a reliable partner in the AAA gaming sector.

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PCF Group

Report

Current Report No. 34/2023: Admission and Introduction to Trading of Series E and F Bearer Shares

The report announces the approval and listing of PCF Group S.A.’s bearer shares on the Warsaw Stock Exchange. On 17 July 2023, the Board of GPW adopted resolution 745/2023 permitting 136,104 Series E shares and 3,343,037 Series F shares—each with a nominal value of PLN 0.02—to be traded on the Main Market. The shares will enter circulation from 19 July 2023, contingent upon registration by the National Securities Depository on that date and assignment of the ticker PLPCFGR00010. The announcement is grounded in Article 17(1)(2) and (4) of the 29 March 2018 Ministerial Regulation on ongoing and periodic information from issuers, ensuring compliance with disclosure requirements for non‑EU jurisdictions. The scope is limited to the Warsaw Stock Exchange’s primary market, covering only the two bearer share series of PCF Group. No survey or statistical methodology is presented; the document serves as a regulatory notification rather than an analytical study. The information confirms immediate effect of the GPW resolution and outlines procedural steps for depository registration, thereby enabling market participants to trade the newly listed shares.

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PCF Group

Report

Current Report No. 40/2023: Execution of Agreements for Series G Share Subscription of PCF Group S.A.

The report discloses that PCF Group S.A., a Warsaw‑based issuer, entered into subscription agreements with investors for 2 510 904 ordinary shares of Series G. Full cash consideration was paid, and the agreements were executed in accordance with Article 17(1) of Regulation (EU) No 596/2014 on market abuse. The disclosure is strictly informational and does not constitute an offer, solicitation or promotional material for the new shares. It applies only to qualified investors within EU member states and the United Kingdom, excluding persons in the United States, Australia, Canada, Japan, South Africa or other jurisdictions where such distribution would violate securities law. The shares are not registered under U.S. securities legislation and cannot be offered or sold in those territories except under specific exemptions such as Regulation S or Rule 144A. The issuer and its managers expressly disavow any liability for the content of the report, and no prospectus is required under the Prospectus Regulation. The document contains forward‑looking statements subject to risks and uncertainties, and it cautions that past performance does not guarantee future results. No investment recommendation is made; investors are urged to conduct independent due diligence before considering participation in the Series G subscription.

investment funding europe

PCF Group

Report

Terminy publikacji raportów okresowych: PCF Group S.A. 2024

PCF Group S.A. has established its formal schedule for the disclosure of periodic financial reports throughout the 2024 fiscal year. This disclosure ensures regulatory compliance with the Polish Ministry of Finance requirements regarding the transparency of publicly traded entities. The schedule provides stakeholders with specific dates for the release of annual, semi-annual, and quarterly financial statements, facilitating informed investment decisions and market oversight. The company will release its standalone and consolidated annual reports for 2023 on April 25, 2024. Regarding the 2024 fiscal year, the consolidated quarterly report for the first quarter is slated for May 27, 2024, followed by the consolidated semi-annual report on September 26, 2024, and the consolidated third-quarter report on November 26, 2024. These filings are limited to consolidated data, as the company has formally opted out of publishing standalone quarterly and semi-annual reports. In accordance with applicable financial regulations, the company will not issue separate reports for the fourth quarter of 2023, nor will it publish consolidated quarterly reports for the second and fourth quarters of 2024. By consolidating its financial reporting, the company streamlines its disclosure process while maintaining adherence to the reporting standards mandated for issuers of securities. This schedule covers the entirety of the 2024 calendar year and applies to the company’s operations within the Polish capital market.

investment europe

PCF Group

Szacunkowe wyniki finansowe za I półrocze 2022 r.

Szacunkowe wyniki finansowe za rok obrotowy 2022

Current Report No. 10/2023: Change of Date for Submission of Annual Reports for 2022

3Q FY2025 Presentation Material

Nacon Announces Insolvency and Judicial Reorganisation Proceedings

Raport Bieżący Nr 12/2023: Zawarcie Umowy Inwestycyjnej z Krafton, Inc.

Notice Concerning Upward Revision of Earnings Forecasts for FY2017

Current Report No. 18/2023: Initiation of Negotiations for a Credit Agreement with Bank Polska Kasa Opieki S.A.

Conditional Registration of Series G Bearer Shares: Report 48/2023

FY2024 Presentation Material: October 2023 to September 2024

Raport Bieżący Nr 8/2024: Podjęcie Decyzji o Zaniechaniu Dalszych Prac Nad Projektem Dagger

Zakończenie subskrypcji akcji serii F PCF Group S.A.

Current Report No. 29/2023: Change in Shareholding of Sebastian Wojciechowski

List of Proposed Changes to the Articles of Association: PCF Group S.A.

Interim Financial Report Six Months Ended 30 September 2024

Half-Year Financial Report 2020-21

Current Report No. 4/2025: Production Agreement with Sony Interactive Entertainment LLC

Current Report No. 34/2023: Admission and Introduction to Trading of Series E and F Bearer Shares

Current Report No. 40/2023: Execution of Agreements for Series G Share Subscription of PCF Group S.A.

Terminy publikacji raportów okresowych: PCF Group S.A. 2024