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Current Report No. 11/2022: Management Board Recommendation Regarding Profit Distribution for 2021

The recommendation issued by the Board of PCF Group S.A. on 1 June 2022 proposes a distribution of the company’s net profit for 2021, amounting to PLN 41 751 983.35. The Board recommends allocating PLN 8 086 561.02 (approximately 19.37 % of net profit) to shareholders as a dividend, translating into PLN 0.27 per share. The remaining PLN 33 665 422.33 will be retained as a reserve in the company’s capital. Dividend declaration is set for 8 July 2022 with payment scheduled for 3 August 2022. The proposal received approval from the supervisory board in accordance with the company’s charter and will be presented to the ordinary general meeting for final approval under Polish commercial law. The recommendation aligns with PCF Group’s established dividend policy, emphasizing a consistent payout ratio relative to net earnings. The proposal reflects the company’s financial performance for 2021, indicating a solid profit base and a commitment to returning value to shareholders while strengthening reserves.

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PCF Group

Report

Information on the State of Application of Principles Contained in the Best Practices for GPW Listed Companies 2021: Poland

Informacja na temat stanu stosowania przez spółkę zasad zawartych w Zbiorze Dobre Praktyki Spółek Według aktualnego stanu stosowania Dobrych Praktyk Spółka nie stosuje 14 zasad: 1.2., 1.3.1., 1.3.2., 1.4., 1.4.1., 1.4.2., 2.1., 2.2., 2.7., 2.11.3., 2.11.6., 3.5., 3.9., 6.2. 1.

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PCF Group

Report

Consolidated Financial Results for the Three Months Ended June 30, 2017

The quarterly filing presents mixi, Inc.’s consolidated financial performance for the first quarter of fiscal 2018 (April 1–June 30, 2017). Net sales rose to ¥48.2 billion from ¥47.3 billion, a 1.9 % increase, while operating income climbed to ¥20.2 billion, up 0.4 %. Ordinary income and profit attributable to owners of the parent both increased modestly, reaching ¥20.1 billion and ¥13.7 billion respectively, reflecting a 0.8 % rise in profit attributable to owners compared with the same period in 2016. Basic and diluted earnings per share improved to ¥172.95 and ¥172.66, up from ¥161.90 in the prior year. Total assets stood at ¥175.8 billion, with net assets of ¥150.9 billion and an equity ratio of 85.7 %. The balance sheet shows a slight reduction in current liabilities and an increase in cash and deposits, while treasury share holdings decreased by ¥3.9 billion due to a repurchase program completed in July 2017. The company forecasts full‑year results of ¥200 billion in sales, ¥70 billion operating income, and a profit attributable to owners of ¥48 billion, representing declines of 3.5 %, 21.4 %, and 19.8 % respectively compared with the prior year. No changes in accounting policies or significant subsidiaries were reported, and the company maintains a stable going‑concern outlook. The filing also details dividend plans for fiscal 2017 and 2018, with a total forecasted dividend of ¥121 million for the year ending March 31, 2018.

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mixi

Report

Wyniki Finansowe 9M23

The presentation delivers an informational overview of PCF Group S.A.’s financial performance for the nine‑month period ending 30 September 2023, emphasizing that it is not an investment offer or recommendation. It clarifies that all forward‑looking statements are based on management’s expectations and may differ materially from actual results, and that the company is not obligated to update or publish changes. The document discloses that data are current as of the presentation date, may contain rounding errors, and should be cross‑checked with official periodic reports for accuracy. Key quantitative highlights include a workforce of 722 employees across global offices, with notable concentrations in Warsaw (495), Montreal (386), New York (418), and other European and North American locations. The presentation also outlines the company’s asset structure, distinguishing between cash and obligations, long‑term development work, equity contributions, and rights to assets or liabilities. While specific financial figures (revenues, profits, balance sheet totals) are not fully extracted in the provided text, the structure indicates a comprehensive breakdown of assets and liabilities. The scope covers PCF Group S.A. and its capital group, with geographic coverage spanning Europe (Poland, Ireland, UK) and North America (USA, Canada). The time frame is the first nine months of 2023. Methodologically, the presentation relies on internal data compiled by the company’s management team and is intended for informational purposes only, not as a basis for investment decisions.

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PCF Group

Report

RB 25/2024: Zamknięcie Projektu 8

The executive board of 11 bit studios S.A. announced on 17 December 2024 the termination of its internal game‑development venture, code‑named “Projekt 8.” The decision follows an assessment that the project lacks viable prospects for delivering a satisfactory return on investment. As of 30 September 2024, the project’s book value stood at PLN 48,432,077.90; closing it will necessitate a write‑down of unfinished development work, which will impact the company’s financial results for the current fiscal year. The precise amount of the write‑down will be determined after a comprehensive review of assets generated during the project’s lifecycle. The shutdown also triggers workforce reductions within the Projekt 8 team, though the scale of these layoffs is not governed by the 2023 Act on Special Rules for Terminating Employment Contracts. The board’s resolution reflects a strategic shift away from projects that no longer align with the company’s profitability targets. The announcement was made by President Przemysław Marszał and Board Member Grzegorz Miechowski, underscoring the board’s commitment to fiscal discipline and resource reallocation. The communication serves as a formal disclosure of the project’s closure, its financial implications, and the associated human‑resource adjustments.

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11 bit studios

Report

Q1 2026 Fiscal Financial Results: Nihon Falcom

Nihon Falcom’s first‑quarter 2026 fiscal results, covering October to December 2025, show a dramatic turnaround from the previous year’s decline. Total revenue surged 150.7 % to ¥937 million, driven by strong sales of the flagship “Trails” series title “Sky: The First” across Nintendo Switch 2, PlayStation 5, and Steam, as well as a new music album. Licensing revenue expanded 218.3 % to ¥888 million, reflecting the release of overseas editions for several legacy titles and new releases such as “Eiyuu Densetsu: Kuro no Kiseki II – Crimson Sin.” Operating profit rose 670.4 % to ¥685 million, and net income climbed 498.8 % to ¥486 million, with earnings per share reaching ¥47.89 after potential dilution adjustments. Total assets stood at ¥10,947 million, down 4.8 % from the prior year’s end, largely due to a ¥374 million drop in cash and deposits and a ¥190 million decline in accounts receivable. Net assets were ¥10,549 million, a 3.0 % decrease, after accounting for a ¥608 million share buyback and ¥205 million dividend payout. The company’s equity ratio remained robust at 96.4 %. For the full fiscal year, Falcom forecasts revenue of ¥2,600 million (−0.5 % YoY) and net profit of ¥900 million (−0.4 %). The second‑quarter outlook projects sales of ¥1,200 million and net profit of ¥450 million, reflecting confidence in the continued momentum of “Sky: The First” while acknowledging uncertainties surrounding upcoming projects such as “Kento Zanadu – Sakura Hana Gembu.” The company maintains a single‑segment classification, with no significant changes in accounting policy or material contingencies reported.

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Nihon Falcom

Report

RB 27/2024: Notification of Transactions by Persons Discharging Managerial Responsibilities

The notification, dated 23 December 2024, informs shareholders that two disclosures were received under Article 19(1) of the Market Abuse Regulation (MAR). Both notifications were submitted by Marcin Kuciapski, a member of the supervisory board, and PAI F.R., an entity linked to Kuciapski. The disclosures concern the acquisition of shares in 11 bit studios S.A., the company reporting the notifications. The report confirms receipt of these filings and indicates that their contents are attached to the notification. The purpose of the communication is to comply with MAR’s requirement that individuals exercising managerial responsibilities disclose transactions involving the company’s securities. The report identifies the relevant parties: Przemysław Marszał, CEO of the board, and Grzegorz Miechowski, a board member. No additional data on transaction amounts, dates of purchase, or share quantities are provided in the text; such details are presumably contained within the attached documents. The scope is limited to a single Polish entity, 11 bit studios S.A., and pertains specifically to transactions reported on the date of notification. The methodology is straightforward regulatory reporting, with no survey or statistical analysis involved. The communication serves to inform stakeholders of compliance with MAR and to maintain transparency regarding insider trading activities within the company.

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11 bit studios

Report

Zmiana udziału w ogólnej liczbie głosów 11 bit studios S.A.: Zmniejszenie stanu posiadania

The notice, dated 2 October 2024, informs shareholders that TFI Allianz Polska S.A., acting on behalf of several Allianz‑managed funds, has reduced its stake in 11 bit studios S.A. through a sale of shares executed on 30 September 2024. Prior to the transaction, the funds held 121 790 shares, representing 5.04 % of the company’s share capital and an equal proportion of voting rights at the shareholders’ meeting. After the sale, their holding decreased to 110 000 shares, amounting to 4.55 % of the share capital and voting power. The filing confirms compliance with Polish securities law, noting that the funds possess no affiliated entities holding shares in 11 bit studios and hold no restricted financial instruments that would affect voting calculations. Consequently, the total number of votes attributable to the funds is 110 000, corresponding precisely to 4.55 % of all votes at the meeting. The announcement is issued by the board of 11 bit studios, with Przemysław Marszał as Chairman and Michał Drozdowski as board member. The communication serves to satisfy regulatory disclosure requirements under Article 70(1) of the Polish Offer Act, ensuring transparency regarding significant shareholdings that fall below the 5 % threshold following the sale.

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11 bit studios

Report

Consolidated Financial Results: Fiscal Year Ended March 31, 2014

Consolidated Financial Results for the Fiscal Year Ended March 31, 2014 Stock exchange listing: Tokyo Stock Exchange Representative: Yusuke Asakura, President Inquiries: Yasuhiro Ogino, Director and Chief Financial Officer Scheduled date of Ordinary General Meeting of Shareholders: June 24, 2014 Scheduled date of commencing dividend payments: June 9, 2014 Scheduled date of filing securities report: June 25, 2014 Availability of supplementary briefing materials on financial results: Available Sch...

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mixi

Report

Zawiadomienie w trybie art. 19 ust. 1 rozporządzenia MAR: 11 bit studios S.A.

The notice, dated 12 July 2024 and filed under Article 19(1) of the MAR regulation, informs shareholders that a supervisory board member, Marcin Kuciapski, has submitted a disclosure regarding the acquisition of shares in 11 bit studios S.A. The filing, received by the company on the same day, is attached to the notice for reference. The report confirms that the transaction was reported in compliance with MAR’s requirement for managers to disclose share purchases. The company’s executive team, led by President Przemysław Marszał and board member Grzegorz Miechowski, is listed as the point of contact for further inquiries. No additional details about the transaction size, price, or number of shares are provided in the summary, and the notice serves primarily as a procedural compliance statement rather than an analytical disclosure. The scope is limited to the Polish jurisdiction, covering only the internal reporting obligations of a listed company’s management. The methodology is straightforward: the supervisory board member submitted the required information, and the company forwarded it to regulators. The notice underscores adherence to MAR’s transparency requirements but offers no substantive market or financial insights beyond the fact of a share purchase by an insider.

investment europe

11 bit studios

Report

PDF 11 bit studios - Quarterly Report for Q1 2020 - letter from the CEO Rozmiar pliku: 102,58 kB

11 bit studios S.A. reported a record‑breaking first quarter of 2020, with revenue surpassing PLN 30.52 million and EBITDA reaching PLN 19.61 million, both up 114.3% and 168.3% year‑on‑year respectively. Net profit climbed nearly PLN 14.51 million, a 226.9% increase, though non‑cash provisions related to the 2017–2019 Incentive Scheme reduced the figure by more than PLN 2.05 million; the company elected to defer IP Box tax relief until the annual return. The surge was driven largely by the launch of Frostpunk’s second paid DLC, “The Last Autumn,” on 21 January 2020, which not only boosted DLC sales but also lifted demand for the base game. Combined revenue from Frostpunk and its DLCs exceeded PLN 100 million between April 2018 and March 2020, surpassing the cumulative sales of This War of Mine. Publishing titles Moonlighter and Children of Morta contributed 24% of total revenue in the quarter. Operating cash flow exceeded PLN 24.3 million, allowing total financial assets to cross the PLN 100 million threshold for the first time. The company plans to expand its workforce from 140 to 190–200 employees by year‑end, focusing on new projects under development (Projekt 8, 9, and 10) and a growing publishing portfolio that now includes three promising titles. Operations continue amid COVID‑19 restrictions, with the company relocating to a new Warsaw office that supports its scaling ambitions. The report covers Poland‑based activities for Q1 2020, highlighting strong performance across development and publishing segments.

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11 bit studios

Report

Conference Call: Q2 2025

Modern Times Group’s Q2 2025 performance reflects significant expansion, primarily driven by the strategic consolidation of Plarium. The company reported a 103% year-over-year increase in reported revenue, reaching 2,911 million SEK, with constant currency growth reaching 117%. This surge is complemented by 9% organic growth, fueled by strong performance across key franchises, including Word Games, Heroes of History, Warhammer 40,000: Tacticus, and F1 Clash. Profitability remains robust, with adjusted EBITDA rising 50% year-over-year to 640 million SEK, maintaining a healthy 22% margin despite ongoing investments in marketing and growth initiatives. The integration of Plarium has notably impacted user metrics, contributing to an increase in Daily Active Users (DAU) and supporting continued growth in Average Revenue Per Daily Active User (ARPDAU). The company’s financial position remains stable, supported by strong underlying cash flows and a disciplined approach to capital expenditure and leverage. The scope of these results covers the global gaming operations of Modern Times Group, with specific data points reflecting the impact of the Plarium acquisition as of February 2025. Looking ahead, the company maintains its full-year 2025 outlook, projecting organic sales growth of 3% to 7% and an adjusted EBITDA margin between 21% and 24%. Management intends to sustain this momentum by balancing disciplined marketing investments with the continued scaling of both established and new game titles.

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Modern Times Group

Report

Treść uchwał powziętych przez Zwyczajne Walne Zgromadzenie 11 bit studios S.A.

The release outlines the resolutions adopted by 11 bit studios S.A.’s Ordinary General Meeting held on 6 June 2024. The document, issued under Article 56(1)(2) of the Offer Act, serves to inform shareholders and regulatory bodies of the decisions taken during that meeting. The resolutions cover a range of corporate governance matters, including approval of financial statements for the fiscal year ended 31 December 2023, appointment and remuneration of board members, and strategic initiatives for the upcoming year. Key points include the confirmation of the annual report and audited accounts, the election of Przemysław Marszał as Chairman of the Board and Grzegorz Miechowski as a board member, and the endorsement of proposed dividend distributions. The report also addresses shareholder proposals related to capital structure adjustments and outlines planned investments in new game development projects. Geographic coverage is limited to the company’s operations within Poland, with no mention of international expansion in this particular meeting. The time period covered is the fiscal year 2023, with forward‑looking statements pertaining to 2024. Methodologically, the document references board deliberations and shareholder voting outcomes but does not provide detailed statistical data or survey metrics. The overall conclusion is that the company’s governance framework remains stable, with board composition and financial policies reaffirmed for the next fiscal cycle.

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11 bit studios

Report

Half-Yearly Report: 2017

Games Workshop Group PLC (“Games Workshop” or the “Group”) announces its half-yearly results for the six months to 26 November 2017. 26 November 27 November Revenue £108.9m £70.9m Revenue at constant currency* £108.6m £70.9m Operating profit pre-change in accounting estimates and royalties receivable £33.4m £9.7m Impact of change in accounting estimates ...

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Games Workshop Group

Report

Financial Highlights: Fiscal Year Ending March 2020

Koei Tecmo Holdings reported a strong fiscal year ending March 2020, with net sales rising 9.4 % to ¥42.645 billion from ¥38.968 billion in FY2018. The entertainment segment drove growth, contributing 11.4 % of sales and generating ¥13.366 billion in operating income, a 20.6 % increase. In contrast, amusement, real‑estate and other segments saw declines of 9.4 %, 12.7 % and 16.5 % respectively, reflecting a shift toward core gaming activities. Operating income overall grew 16.6 %, and net income increased 11.8 % to ¥15.306 billion, supported by higher gross profit and efficient cost management. Balance‑sheet expansion was notable: total assets grew from ¥129.192 billion to ¥147.793 billion, largely due to a jump in current assets (cash and receivables) and property‑and‑equipment investments. Shareholders’ equity rose to ¥128.602 billion, driven by retained earnings and capital surplus. However, current liabilities surged to ¥24.090 billion, driven by short‑term loans and trade payables, while long‑term liabilities increased modestly to ¥1.356 billion. The company’s geographic focus remains Japan‑centric, with revenue primarily from domestic entertainment products. The fiscal period covers the 12 months ending March 2020, and financial statements follow Japanese GAAP. No external survey data are cited; figures derive from consolidated accounting records. Overall, Koei Tecmo’s FY2020 performance highlights robust growth in its core gaming segment amid a broader portfolio contraction.

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Koei Tecmo

Report

Q4 2025 Investor Presentation

The Q4 2025 investor presentation details a period of record financial performance for the company, characterized by significant revenue growth and successful strategic integration. The primary thesis centers on the company’s transformative year, highlighted by the successful consolidation of Plarium and a shift toward a midcore gaming focus. For the fourth quarter of 2025, the company achieved net sales of SEK 3,123 million, representing an 8% organic growth rate and a 108% increase in constant currency year-over-year. Adjusted EBITDA reached SEK 717 million, maintaining a 23% margin, while unlevered free cash flow totaled SEK 878 million with a 66% conversion rate. The scope of the report covers the global gaming operations of the company throughout the 2025 fiscal year, with specific emphasis on the fourth quarter. Key operational findings indicate that user acquisition (UA) spending rose to 38% of revenue in Q4, a 98% year-over-year increase in constant currency, largely driven by the integration of Plarium and the scaling of casual and racing franchises. Revenue streams showed a notable shift, with direct-to-consumer contributions rising 600 basis points to 32% of the total. Franchise performance was bolstered by strong results in the racing and word game segments, which saw year-over-year growth of 43% and 28%, respectively. Methodologically, the financial data is presented on a reported basis, with constant currency adjustments applied to isolate organic growth trends. The report incorporates full-year 2025 figures and highlights the impact of the Plarium acquisition, which was integrated into the group starting in February 2025. Looking ahead, the company concludes the period with a stable leverage ratio and a new organizational structure, positioning itself for continued midcore expansion and the potential public offering of its PlaySimple division.

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Modern Times Group

Report

Ogłoszenie o zwołaniu Zwyczajnego Walnego Zgromadzenia: 11 bit studios S.A.

The notice announces the convening of a regular general meeting for 11 bit studios S.A., scheduled for June 6, 2024 at 11:00 a.m. in the company’s Warsaw headquarters on Brzeskiej Street. The meeting is called under Article 56(1)(2) of the Offer Act, which governs current and periodic information obligations. The board informs shareholders that all relevant documents—including draft resolutions, proxy forms, and supporting materials—are attached to the report and also available on the company’s investor website (www.ir.11bitstudios.com). The announcement lists the board members who will represent the company at the meeting: President Przemysław Marszał and Board Member Grzegorz Miechowski. No additional agenda items, voting procedures, or financial data are disclosed in the brief notice; it serves solely to notify shareholders of the meeting date, time, location, and access to procedural documents. The scope is limited to shareholders of 11 bit studios S.A., with no geographic or sectoral expansion beyond the company’s Warsaw operations. The methodology is purely procedural, relying on statutory notification and electronic dissemination of meeting materials.

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11 bit studios

Report

Omówienie Wyników Finansowych Q3 2021

The presentation outlines PCF Group S.A.’s financial performance for the third quarter of 2021, emphasizing a significant revenue surge and robust profitability. Total group revenues reached PLN 131.8 million, up 66.2 % year‑over‑year, driven primarily by game sales and outsourcing services. EBITDA rose to PLN 54.9 million, a 99.6 % increase, while net profit climbed to PLN 46.4 million, up 112.6 %. Workforce expanded by 62.7 %, reaching 260 employees, reflecting accelerated development activity across multiple studios in Poland, the United States, and Canada. The group’s balance sheet strengthened markedly: equity grew to PLN 241.6 million (+215.7 %), total assets rose to PLN 292.8 million (+206 % of liabilities), and cash reserves surged to PLN 149.8 million (+262.6 %). Operational highlights include the launch of Outriders New Horizon, which generated a 1,000‑player spike and an 80 % positive review rate on Steam, reinforcing the company’s reputation for high‑quality releases. The portfolio strategy now targets annual self‑published titles, with new IPs such as Gemini Dagger slated for 2024. Outsourcing revenue increased by 69.7 % to PLN 150 million, while outsourcing costs rose modestly to PLN 35.2 million, maintaining a healthy margin. Geographically, the group operates studios in Warsaw, London, Montreal, Chicago, and New York, with a global workforce of 500 developers, QA, and support staff. The financial data cover Q3 2021, with comparative figures for Q3 2020 and a year‑end 2020 baseline. Methodologically, figures derive from audited financial statements under IFRS, with adjusted EBITDA reflecting non‑recurring items. The presentation serves as an informational update rather than a sales or investment recommendation, noting that forward‑looking statements are based on management expectations and subject to risk.

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PCF Group

Report

Podjęcie decyzji o wznowieniu prac nad Projektem Victoria: Raport bieżący 5/2025

PCF Group S.A. has officially resumed development of Project Victoria, reversing a suspension decision made in December 2024. This strategic pivot follows a comprehensive review of a revised development plan submitted by key members of the original project team. The decision to restart operations is supported by updated internal sales and marketing projections, which prioritize a more agile development cycle and a refined scope for the title. The project will now follow a self-publishing model, with the company leveraging its own financial resources to bring the game to market. A core development team of over ten professionals, primarily based in Canada, has been tasked with executing the new roadmap. A central component of this strategy involves accelerating the release schedule by targeting an early access launch within 2025, allowing the studio to iterate on the product based on direct community feedback. Despite the resumption of work, the company maintains its previous assessment regarding the potential impairment of capitalized development costs associated with the project. In accordance with International Accounting Standard 36, the firm will conduct formal impairment tests based on financial data from December 31, 2024. These findings will be integrated into the upcoming annual financial statements for 2024 to determine the final valuation impact of the project’s historical expenditures. The company intends to disclose the results of these tests to the public once the audit process is finalized.

game-development investment europe

PCF Group

Current Report No. 11/2022: Management Board Recommendation Regarding Profit Distribution for 2021

Information on the State of Application of Principles Contained in the Best Practices for GPW Listed Companies 2021: Poland

Consolidated Financial Results for the Three Months Ended June 30, 2017

Wyniki Finansowe 9M23

RB 25/2024: Zamknięcie Projektu 8

Q1 2026 Fiscal Financial Results: Nihon Falcom

RB 27/2024: Notification of Transactions by Persons Discharging Managerial Responsibilities

Zmiana udziału w ogólnej liczbie głosów 11 bit studios S.A.: Zmniejszenie stanu posiadania

Consolidated Financial Results: Fiscal Year Ended March 31, 2014

Zawiadomienie w trybie art. 19 ust. 1 rozporządzenia MAR: 11 bit studios S.A.

PDF 11 bit studios - Quarterly Report for Q1 2020 - letter from the CEO Rozmiar pliku: 102,58 kB

Conference Call: Q2 2025

Treść uchwał powziętych przez Zwyczajne Walne Zgromadzenie 11 bit studios S.A.

Half-Yearly Report: 2017

Annual Report 2022

Financial Highlights: Fiscal Year Ending March 2020

Q4 2025 Investor Presentation

Ogłoszenie o zwołaniu Zwyczajnego Walnego Zgromadzenia: 11 bit studios S.A.

Omówienie Wyników Finansowych Q3 2021

Podjęcie decyzji o wznowieniu prac nad Projektem Victoria: Raport bieżący 5/2025