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Consolidated Interim Financial Report: Q1 2021

GRUPA KAPITAŁOWA PCF GROUP SPÓŁKA AKCYJNA – WYBRANE DANE od 01.01 od 01.01 od 01.01 od 01.01 do 31.03.2021 r. do 31.03.2020 r. do 31.03.2021 r. do 31.03.2020 r.

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PCF Group

Report

Establishment of the Release Date for the Game Death Howl

The release schedule for the upcoming title “Death Howl” has been formally announced by 11 bit studios S.A. The company, headquartered in Warsaw, confirmed that the PC version—available through Steam and GOG—will launch on 9 December 2025. Production is handled by The Outer Zone studio in Copenhagen, and the announcement follows a prior disclosure issued on 17 January 2025. Console editions for PlayStation 5, Xbox Series X/S, and Nintendo Switch are slated for release in the first quarter of 2026. The announcement is made under Article 17, Section 1 of the Market Abuse Regulation (EU) No 596/2014, ensuring compliance with EU market‑abuse legislation. The communication provides a clear timeline for both digital and console platforms, indicating that the PC release precedes console availability by several months. No additional data on sales projections or market analysis is included, and the scope remains limited to the release dates for the specified platforms without geographic expansion beyond the European market. The statement serves primarily as a regulatory disclosure rather than an analytical report, fulfilling legal obligations for public companies to inform shareholders of material events.

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11 bit studios

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Zmiana daty premiery gry INDIKA: 2 maja 2024

The release date for the adventure title “INDIKA” has been officially set to 2 May 2024 for its PC version, with digital distribution planned through major global platforms such as Steam and GOG. The announcement follows a prior market communication issued on 21 March 2024, and confirms that the console releases for Xbox Series X/S and PlayStation 5 will also occur in May, though the exact dates remain unspecified. “INDIKA” is developed by Odd Meter from Kazakhstan and published by 11 bit Studios S.A., a Warsaw‑based company. The game’s narrative is set in an alternate 19th‑century Russian setting, offering a richly detailed storyline that distinguishes it within the adventure genre. Key points include the strategic timing of the launch to align with peak gaming season, the choice of digital storefronts aimed at maximizing global reach, and the partnership between a Kazakh developer and a Polish publisher. The release strategy also incorporates a philanthropic element: a portion of the sales proceeds will be directed toward supporting child victims of war in Ukraine, underscoring a corporate social responsibility initiative. The information is provided under the confidentiality clause of Article 17(1) MAR, indicating that it is intended for internal or restricted distribution. The announcement originates from the board of 11 bit Studios, with Przemysław Marszał as President and Michał Drozdowski as board member. No additional data on sales projections, market analysis, or demographic targeting is disclosed in the brief.

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11 bit studios

Report

PDF Semi - Annual Report of 11 bit studios S.A. Rozmiar pliku: 2,19 MB

Signed by: LETTER FROM THE MANAGEMENT BOARD Dear Shareholders and Investors Przemystaw Marszat Michat Drozdowski President of the Management Board Member of the Management Board Member of the Management Board Please be invited to read the Half-Year Report of 11 bit studios S.A. for the first half of 2019. During the period, we recorded over PLN 30.7m in revenue. Operating profit came in close to PLN 8.7m, with net profit above PLN 6.4m.

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11 bit studios

Report

Remedy Entertainment Annual Report 2024

REMEDY 2024 STRATEGY & OPERATING ENVIRONMENT GAMES PEOPLE SUSTAINABILITY GOVERNANCE FINANCIALS Remedy 2024 3 Remedy in brief 3 Highlights 2024 4 CEO review 2024 5 Why invest in Remedy 7 Strategy & operating environment 8 Business model 9 Self-publishing 3 11 Two commercial models 12 Strategy ...

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Remedy Entertainment

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Quarterly Report for Nine Months Ended September 30th 2020

STUDIOS S.A.<sub>FOR </sub>NINE QUARTERLY REPORT OF 11 BITSTUDIOS S.A. FOR NINE MONTHS ENDED Dear Shareholders and Investors, It is our pleasure to present to you the report of 11 bit studios S.A. for the nine months ended September 30th 2020. The results for this period, which proved better than we assumed in the budget, clearly demonstrate that the consistent implementation of the Company's growth strategy is bringing measurable financial results.

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11 bit studios

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2025 Q1 Earnings Release

The release presents a quarterly financial snapshot for the first quarter of 2025, highlighting a sharp contraction in revenue and profitability across all segments. Total sales fell 31.1 % year‑over‑year to 122.9 billion KRW, driven by the absence of new mobile titles and a natural decline in long‑term service games. Mobile game revenue declined 41 % YoY to 96.1 billion KRW, while PC game sales rose 72 % YoY to 26.8 billion KRW, reflecting sustained traffic for “BattleGround” and deferred revenue from “POE.” Operating expenses contracted 17.5 % YoY to 135.3 billion KRW, largely due to reduced marketing spend and lower platform fees; however, operating profit turned negative for the first time in Q1 2025, reaching –124 billion KRW and an operating margin of –10.1 %. Net loss widened to –334 billion KRW, with shareholders’ equity declining as cumulative losses accumulated. Cash and cash equivalents dropped to 551 million KRW, while total assets remained around 3.16 trillion KRW, indicating liquidity pressure. The document covers the Korean market exclusively, covering Q1 2025 and referencing prior quarters for trend analysis. Data derive from consolidated financial statements prepared under Korean International Financial Reporting Standards, with a disclaimer that audit review is pending. The report lists planned new releases for 2025‑26, including action shooters and RPGs across mobile, PC, and console platforms. Overall, the company faces a challenging revenue environment, with significant operating losses and declining cash reserves, prompting a reassessment of its product pipeline and cost structure.

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Kakao Games

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First Half 2023/24 Sales: Nacon Financial Results

Nacon reported consolidated sales of €70.8 million for the first half of its 2023/24 financial year, a decline of 8.7 % compared with €77.5 million in the same period a year earlier. Sales fell across all segments: gaming revenue dropped 5.7 % to €44.3 million, catalogue sales fell 9.0 % to €23.1 million, back‑catalogue sales slipped 1.8 % to €21.2 million, and accessories revenue fell 12.7 % to €24.9 million. Mobile and audio sales also contracted by 21.5 %. The first quarter saw a sharper decline (9.3 %) than the second quarter (8.0 %), reflecting a high base from 2022/23 and limited new releases in the latter half of the year. Despite the downturn, Nacon highlighted a rebound in back‑catalogue sales and an upturn in accessories driven by new console installations and strong headset performance, particularly in the United States. The company’s release calendar for the third quarter includes high‑profile titles such as *Astérix & Obelix: Heroes*, *Cricket 24*, and *Robocop: Rogue City*, all of which have generated strong pre‑sales. Upcoming accessories, notably the Revolution 5 Pro controller and RIG 600 PRO headset, are expected to contribute further growth. Nacon maintains its 2023/24 guidance, projecting robust sales and operating income in the second half of the year. The company’s integrated structure—combining 16 development studios, AA publishing, and premium peripheral design—supports its strategy to capitalize on new releases and accessory demand across 100 countries.

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Nacon

Report

Quarterly Report: 11 bit studios Q1 2025

QUARTERLY REPORT OF 11 BIT STUDIOS FOR THE THREE MONTHS ENDED 31 MARCH DEAR SHAREHOLDERS AND INVESTORS, It is our pleasure to present to you the quarterly technical quality, balanced gameplay, and, of report of 11 bit studios S.A. for the three months course, a lot of excitement and entertainment. In ended 31 March 2025.

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11 bit studios

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FY25 Trading Update: Strong Results and Increased Momentum

Frontier Developments plc reports a modest revenue rise to £90.6 million for FY25, up from £89.3 million in FY24, driven by a 25 % year‑on‑year increase in its Creative Management Simulation (CMS) titles. The three flagship CMS franchises—Planet Coaster, Planet Zoo and Jurassic World Evolution—accounted for 77 % of total revenue in FY25, a jump from 62 % the previous year. Planet Coaster alone grew almost 200 % following the launch of Planet Coaster 2, while Planet Zoo and Jurassic World Evolution maintained near‑stable sales levels. Profitability improved sharply; Adjusted EBITDA is projected between £8 million and £9 million, compared with a £0.9 million profit in FY24, thanks to higher gross margins, reduced operating costs and a £3.5 million gain from selling publishing rights to Stranded: Alien Dawn. Adjusted Operating Profit, a new metric effective FY26 that incorporates tax credits and reliefs, is expected to reach £11 million‑£12 million in FY25. Cash position strengthened, with cash on hand rising to £42.5 million from £29.5 million at the end of FY24, supporting a planned share buyback up to £10 million pending shareholder approval. The board also announced the creation of an Executive Board to streamline decision‑making and highlighted the upcoming release of Jurassic World Evolution 3 on 21 October 2025 as a key growth driver.

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Frontier Developments

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2025 Third Quarter Earnings Report

The quarterly financial statement presents a mixed performance for the company in 2025 Q3, with revenue falling 21.7 % YoY to KRW 127.5 billion while operating expenses declined 14.3 % YoY to KRW 132.9 billion, reflecting ongoing cost‑control measures such as workforce optimization and marketing efficiency. Mobile game sales dropped 34.1 % YoY to KRW 84.8 billion, driven by the end‑of‑life of key titles and weaker global demand; PC game sales rose 24.7 % YoY to KRW 42.7 billion, largely due to a successful collaboration update of “BattleGround.” Operating profit turned negative for the third consecutive quarter, reaching –KRW 5.4 billion, but the margin improved to –4.3 % from –10.1 % in Q1, indicating a gradual recovery. Net income swung to a positive KRW 34.6 billion, reversing a deep loss of –KRW 336 billion in Q2, largely attributable to favorable tax and financial gains. The balance sheet shows total assets of KRW 307.6 billion, with cash and equivalents at KRW 56.1 billion, while total liabilities decreased to KRW 165.7 billion, improving the equity ratio. Operating cash flow remains modest, and the company’s debt profile is stable with a moderate decline in long‑term liabilities. Geographically, revenue is concentrated in Korea and global markets for mobile titles; PC game sales are primarily domestic with some international reach. The period covered spans Q3 2024 to Q3 2025, with a focus on mobile and PC gaming segments. The report relies on Korean International Financial Reporting Standards and includes estimates pending external audit completion, noting that certain figures may adjust post‑audit.

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Kakao Games

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First-Quarter 2023/24 Sales: Confirmation of 2023/24 Guidance

NACON reported first‑quarter sales of €38.5 million for the 2023/24 financial year, a 9.3 % decline from €42.4 million in the same period of 2022/23. Gaming revenue remained essentially flat at €27.4 million, with catalogue sales of new titles up 4.5 % to €15.6 million and back‑catalogue sales down 6.8 % to €11.8 million, reflecting a high base from previous growth. Accessories sales fell sharply by 25.5 % to €10.4 million, though management notes an upward trend that should resume in the third quarter as new controllers and headsets receive strong pre‑orders. Mobile and audio sales, classified under “Other,” declined 21.6 % to €0.6 million. The company highlights strong performance of specific new releases—Tour de France and TT Isle of Man Ride on Edge 3, each outperforming earlier versions by 20 % and 10 %, respectively—and the exceptional early‑access launch of Ravenswatch. Back‑catalogue growth is expected to recover in Q2 with the addition of 2022/23 releases, while the accessories segment is projected to rebound from Q3 onward due to an expanding console installed base and promising new products. NACON’s outlook for 2023/24 remains bullish, citing a dense release schedule of roughly 20 new games—including Overpass 2 and AD Infinitum in Q2, and Robocop: Rogue City, Gangs of Sherwood, Cricket 24, and Astérix & Obelix: Heroes in Q3—alongside anticipated sales and operating income growth. The company maintains confidence in achieving strong financial performance for the year, with a second‑quarter sales announcement scheduled for 30 October 2023.

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Nacon

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First-Quarter 2025-26 Sales: Nacon

Nacon reported consolidated revenue of €31.3 million for the first quarter of fiscal 2025‑26 (April 1–June 30), a slight decline of 2.9 % compared with the €32.3 million recorded in the same period of 2024‑25. Gaming sales, however, grew by 10.4 % to €19.7 million, driven largely by a 46.4 % jump in catalogue sales to €5.6 million, with key titles such as *Tour de France 2025* and *Pro Cycling Manager 25* contributing 25 % and 35 % sales increases respectively. Back‑catalogue performance remained flat at €14.0 million, meeting expectations. Accessories revenue fell to €10.8 million, a 18.8 % drop largely attributed to a weaker U.S. market and unfavorable year‑on‑year comparison, though European sales showed 22 % growth thanks to Nintendo Switch 2 and XBOX Revolution X Unlimited controller launches. Other revenue, including mobile and audio, decreased by 25.9 % to €0.8 million. The company anticipates robust second‑quarter growth, citing new releases such as *Rugby League 26* and *Robocop: Rogue City – Unfinished Business*, with additional titles slated for the second half of the year. Nacon maintains confidence in meeting its 2025‑26 fiscal targets, citing a strong dual‑business model and ongoing accessory innovation. The next quarterly update is scheduled for 27 October 2025.

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Nacon

Report

Interim Financial Report: Nine Months Ended September 30th 2019

These interim condensed financial statements have been prepared on a historical cost basis. They do not include all information and disclosures required in full-year financial statements and should be read in conjunction with the Company's full-year financial statements for 2018, including notes, for the period of 12 months ended December 31st 2018, prepared in accordance with the IFRS as endorsed by the EU.

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11 bit studios

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Wyniki Finansowe: Q3 2025

The presentation outlines PCF Group S.A.’s financial performance and strategic outlook for the third quarter of 2025, covering operations in Poland, Europe, North America and the UK. Revenue for the quarter reached PLN 190.4 million, a slight decline from the previous year’s PLN 180.3 million, driven by lower sales of the AAA title “Lost Rift” and a modest increase in self‑publishing income. Net profit fell to PLN –95.7 million, reflecting significant one‑off costs and amortisation of goodwill and IP assets, particularly from the “Lost Rift” CGU. EBITDA after adjustments was PLN –1.7 million, a deterioration from the prior year’s positive figure, largely due to write‑downs of development assets and licensing expenses. The group’s balance sheet shows a reduction in total assets from PLN 1,144 million to PLN 1,050 million, with a corresponding decline in equity and an increase in short‑term liabilities. Cash flow remains a priority, with management emphasizing the need to focus on WFH projects that can self‑finance and reduce dependency on external funding. Strategically, PCF is pursuing new AAA collaborations (e.g., Krafton), expanding its VR portfolio with titles such as “Green Hell” and “Pirates VR,” and securing publishing agreements for the “People Can Fly” IP on Meta Quest platforms. The company plans to streamline costs, maintain client relationships, and accelerate new project pipelines while monitoring cash generation closely.

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PCF Group

Report

Quarterly Report of 11 Bit Studios S.A.: Q1 2019

portfolio of proprietary games) is expected to help stabilise the Company's financial results, which in the video games industry are typically highly volatile. The Company's revenue sources should also be considerably impacted by further development of its publishing division (11 bit publishing), which in 2018, driven primarily by the very successful release of Moonlighter, contributed 18% of the LETTER FROM THE MANAGEMENT BOARD ...

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11 bit studios

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Prezentacja wyników finansowych: 9 miesięcy 2022

The presentation outlines PCF Group S.A.’s financial performance for the first nine months of 2022, emphasizing revenue growth, profitability metrics, and balance‑sheet strength. Total group revenues reached PLN 131.8 million, up from PLN 130.9 million in the same period of 2021, while EBITDA climbed to PLN 40.3 million from PLN 26.1 million in 2021, reflecting a significant improvement in operating efficiency. Adjusted EBITDA, accounting for non‑recurring items such as warranty provisions and restructuring costs, stood at PLN 41.3 million, underscoring robust underlying earnings. Net income for the nine‑month period was PLN 42.1 million, a notable increase from PLN 30.8 million in 2021, driven by higher gross margins and disciplined cost management. The group’s balance sheet remained solid, with total assets of PLN 60.3 million and equity of PLN 54.6 million, while working‑capital items such as receivables and payables were well balanced. Cash reserves of PLN 137.1 million provided liquidity for ongoing development and expansion initiatives. Geographically, PCF Group operates across multiple regions, with a workforce of 614 employees as of September 30, 2022, spread across North America and Europe. The company’s portfolio includes seven titles in development or publishing stages, with several high‑profile IPs such as “Gemini Dagger” and “Bifrost Victoria” slated for release in 2024. The presentation also highlights strategic partnerships, including a collaboration with Take‑Two Interactive Software and ongoing development outsourcing that generated PLN 44.1 million in revenue during the period. Overall, the data indicate a healthy growth trajectory for PCF Group S.A., driven by expanding IP pipelines, efficient cost structures, and a strong balance sheet that supports continued investment in game development and market expansion.

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PCF Group

Report

Half-Year Report of 11 Bit Studios S.A.: First Half of 2020

HALF-YEAR REPORT OF 11 BIT STUDIOS S.A. FOR THE FIRST HALF OF 2020 Dear Shareholders and Investors, Please be invited to read 11 bit studios S.A.’s report for the first half of 2020. We, as the Management Board, are extremely satisfied with the Company’s financial performance in the In the first six months of 2020, 11 bit studios S.A. reported revenue of nearly PLN 50.2m, up 63.2% year on year, and delivered a net profit of more than PLN 25.0m, up 237%.

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11 bit studios

Report

Assessment of Annual Financial Statements and Management Board Report: 2021

The assessment confirms that PCF Group S.A.’s 2021 annual financial statements, both the standalone and consolidated reports, present a reliable picture of the company’s assets, liabilities, equity, income, and cash flows in accordance with International Financial Reporting Standards adopted by the European Union. The audit opinion affirms that the statements are free from material misstatement, comply with applicable accounting legislation and ministerial regulations, and were prepared within the prescribed deadlines. The supervisory board’s review of the management report and corporate governance declaration also concludes that these documents accurately reflect the group’s performance, development, and adherence to governance principles. Methodologically, the evaluation relied on the external auditor’s report, the board’s examination of accounting records and supporting documentation, and a video conference with the auditor to discuss findings. The scope covers PCF Group S.A. and its capital group for the fiscal year ending 31 December 2021, with no geographic or sectoral limitations beyond the company’s operations. The report underscores that all financial disclosures align with statutory requirements, including those concerning non‑EU jurisdictions, and that the company’s governance statements meet regulatory expectations. Overall, the supervisory board endorses the financial and management reports as accurate, complete, and compliant with relevant standards.

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PCF Group

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Establishment of the Release Date for the Game Frostpunk 2

The release schedule for the sequel to the critically acclaimed survival‑simulation title has been finalized, with a global launch set for July 25 2024. The announcement confirms that the PC version will debut on major digital storefronts—Steam, GOG, and Epic Games Store—and will be immediately available through Microsoft’s PC Game Pass. Future console releases are planned for PlayStation 5 and Xbox Series X/S, with the game slated to join the Xbox Game Pass library thereafter. Pre‑sales commenced on March 6 2024, offering both a Deluxe Edition and a Base Game through Steam and the Microsoft Store. Pricing for the premium package is set at $74.99 / €74.99 (259.99 PLN), while the standard edition is priced at $44.99 / €44.99 (159.99 PLN). These figures reflect the company’s strategy to capture early adopters and maximize revenue across multiple platforms. The communication originates from the board of 11 bit studios S.A., with Przemysław Marszał as President and Grzegorz Miechowski as board member. The release date decision aligns with the studio’s broader rollout plan, ensuring a coordinated launch across digital and subscription services. The information is disclosed under Article 17(1) of the MAR, indicating its confidential nature within corporate governance.

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11 bit studios