PCF Group

Game Co.

234 documents

Documents

Report17 pages

Omówienie Wyników Finansowych: Q2 2021

PCF Group S.A. reported H1 2021 revenue of PLN 52.6 million, a 47% increase compared to the same period in 2020.
Adjusted EBITDA rose by 55.6% to PLN 27.6 million in H1 2021, while total EBITDA reached PLN 28.8 million.
The company expanded its global footprint by increasing headcount by 41.7% to 252 employees and establishing new studios in Chicago, New York, and Montreal.

Market Analysis Investment Global+2

PCF Group

Report3 pages

Internal Division of Tasks and Responsibilities

PCF Group S.A. operates under a single-person board structure led by the President of the Board, who holds comprehensive authority over all non-reserved corporate activities.
The President is responsible for core executive functions including financial management, legal and accounting oversight, strategic planning, and M&A transactions.
Operational duties include direct supervision of the Group’s video game production, development team management, and the negotiation of publishing agreements and licensor relationships.

Employment Europe Investment

PCF Group

Report9 pages

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

The company currently fails to comply with 14 specific principles outlined in the Best Practices for GPW Listed Companies 2021.
Non-compliance spans multiple governance areas, including principles 1.2, 1.3.1, 1.3.2, 1.4, 1.4.1, and 1.4.2.
The company does not adhere to principles 2.1, 2.2, 2.7, 2.11.3, and 2.11.6 regarding board and committee structures.

Investment Europe

PCF Group

Report2 pages

Information on Processing of Personal Data: Shareholders of PCF Group S.A.

PCF Group S.A. acts as the data controller for the personal information of its shareholders, agents, and representatives, primarily sourced from the National Securities Depository.
Data processing is strictly limited to fulfilling legal obligations under Polish corporate law, public offering statutes, and EU GDPR, including the management of general meetings and shareholder records.
Personal data is retained for the duration of the shareholder's status, with potential extensions for legal claims or mandatory accounting requirements.

Employment Europe

PCF Group

Report9 pages

Krajowy Rejestr Sądowy: People Can Fly

PCF Group S.A. is a Warsaw-based joint-stock company incorporated on November 6, 2019, and registered under KRS number 0000812668.
The company maintains a share capital of PLN 718,805.42, divided into 35,940,271 non-preferential shares with a nominal value of PLN 0.02 each.
A planned capital increase of PLN 31,118.44 is currently in progress through the conversion of capital bonds into shares.

Market Analysis Europe

PCF Group

Report13 pages

Wyniki Finansowe 2022

PCF Group S.A. reported a significant decline in net profit to PLN 22.0 million in 2022, down from PLN 61.3 million in 2021, driven by higher operating expenses and a weaker revenue mix.
Adjusted EBITDA fell to PLN 48.2 million in 2022 compared to PLN 70.5 million in 2021, primarily due to increased outsourcing costs and lower development earnings.
Total operating income for 2022 reached PLN 180.3 million, supported by PLN 73.2 million from development activities and a PLN 71.5 million contribution from a partnership with Take-Two Interactive Software.

Market Analysis Investment Europe

PCF Group

Report22 pages

Omówienie Wyników Finansowych 2021

PCF Group achieved significant financial growth in 2021, with revenue increasing 73.7% to PLN 103.8 million and net profit rising 149.7% to PLN 61.4 million.
EBITDA grew by 129.2% to PLN 31.9 million, supported by the performance of the People Can Fly and Can Fly studios.
The company expanded its workforce by 90.4% and grew total assets by 230.9% to PLN 316.7 million, primarily through the acquisition of development assets and IP rights.

Market Analysis Investment PC+1

PCF Group

Report12 pages

Prezentacja Wyników Finansowych Q2 2022

PCF Group S.A. reported a 17.2% decline in total revenue for the first half of 2022, falling to PLN 77.3 million from PLN 90.6 million in the same period of 2021 due to reduced development and outsourcing income.
Despite the revenue drop, net profit increased by 17.5% to PLN 25.5 million, and EBITDA remained stable at PLN 29.0 million, representing a 0.7% growth compared to HY 2021.
The company aims to transition into a flagship-title-per-year model starting in 2024, supported by a development pipeline that includes projects codenamed 'Bulletstorm,' 'Gemini,' and 'Dagger.'

Market Analysis Investment Europe

PCF Group

Report17 pages

Wyniki Finansowe 1H23: PCF Group S.A.

PCF Group S.A. achieved PLN 90.6 million in revenue for 1H 2023, up from PLN 68.7 million in 1H 2022, driven by a new contract with Take Two Interactive and the launch of 'Green Hell' VR.
Operating income (EBIT) turned positive at PLN 29.0 million in 1H 2023, compared to a loss of PLN 13.1 million in the same period of the previous year.
A secondary public offering (SPO) raised PLN 235.3 million at PLN 40.20 per share, significantly boosting cash reserves and total assets to PLN 481.9 million as of June 30, 2023.

Market Analysis Investment Europe

PCF Group

Report19 pages

Results: What's Next - Focus on Cash Flow

The company reported 2024 revenue of PLN 190.4 million, but incurred a net loss of PLN 175.3 million and an EBITDA of PLN 12.9 million due to project write-offs and revenue declines.
Management is pivoting away from VR development following the withdrawal of platform subsidies, shifting focus toward AAA and compact-AAA titles.
The organization is implementing a cost-reduction strategy that includes restructuring office space and realigning the workforce, which had grown to 756 employees by the end of 2024.

Game Development Game Publishing VR+3

PCF Group

Report18 pages

Wyniki Finansowe 2023: PCF Group S.A.

PCF Group S.A. reported a net loss of PLN 75.6 million in 2023, primarily due to a one-off write-down of the 'Dagger' project and rising staff expenses.
Annual revenue reached PLN 180.3 million, with self-publishing projects accounting for the vast majority at PLN 171.5 million.
EBITDA declined to PLN 49.7 million from PLN 70.5 million in 2022, impacted by higher operating costs and lower margins on titles like 'Bulletstorm VR'.

Investment Market Analysis Europe

PCF Group

Report17 pages

Wyniki Finansowe 1H24: Polska

PCF Group S.A. reported a cumulative net loss of PLN 33.3 million for H1 2024, a significant increase from the PLN 13.1 million loss recorded in H1 2023.
The company’s Q2 2024 EBITDA was negative at PLN -11.3 million, driven by project-specific costs and revenue adjustments.
Financial performance was negatively impacted by a major write-down of the Gemini project and lower-than-expected earnings from the Bulletstorm VR title.

Market Analysis Investment PC+1

PCF Group