PCF Group

Game Co.

234 documents

Documents

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

Raport bieżący nr 27/2025: Zawarcie umów objęcia nowych akcji serii H

PCF Group S.A. has formally announced the successful execution of agreements with investors regarding the subscription of 6,670,000 new series H ordinary bearer shares. This issuance follows a series of previous corporate communications issued in August 2025. The company confirms that the required monetary contributions for the full coverage of these newly issued shares have been received in their entirety. The primary purpose of this disclosure is to fulfill regulatory obligations under the Market Abuse Regulation and Polish public offering laws. The issuance is restricted to qualified investors within the European Economic Area and specific categories of professional investors in the United Kingdom. The company explicitly states that this information does not constitute a public offering, advertisement, or promotional material for the new shares in any jurisdiction. The scope of this transaction is limited to non-U.S. jurisdictions, adhering to Regulation S under the U.S. Securities Act of 1933. The shares have not been registered with the U.S. Securities and Exchange Commission or any other international regulatory body, and the company does not intend to register them. Consequently, the distribution of this information is strictly prohibited in the United States, Australia, Canada, Japan, South Africa, and any other region where such distribution would be unlawful. The company emphasizes that no prospectus is required for this issuance, and investors are expected to conduct their own independent analysis before making any investment decisions.

investment funding europe

PCF Group

Report

Raport Bieżący Nr 30/2023: Zmiana Udziału Stron Porozumienia w Kapitale Zakładowym

The report announces a change in the ownership structure of PCF Group S.A., a Warsaw‑based public company, following an update from the parties involved in the agreement referenced under Article 87(1)(5) of the 2005 Public Offering Act. On 28 June 2023, the company received a notification from these parties indicating an alteration in their shareholding and voting rights within PCF Group S.A. The notice, submitted pursuant to Article 69 of the same legislation, is attached as an annex to this current report. The purpose of the disclosure is to inform shareholders and market participants that the composition of the company’s capital base and its total voting power have been modified, thereby potentially impacting corporate governance dynamics. The report covers the entire Polish market and pertains specifically to PCF Group S.A., a public‑listed entity. No additional data, statistics, or methodological details are provided beyond the formal notification of the change in shareholding. The update is concise, focusing solely on the legal requirement to disclose alterations in capital structure and voting rights as mandated by Polish securities regulation.

investment europe

PCF Group

Report

Current Report No. 6/2023: Issuance of Shares as Part of Target Capital Increase

The report announces that on 10 February 2023 the board of PCF Group S.A., headquartered in Warsaw, approved a capital‑increase resolution. The increase will be executed through the issuance of new ordinary bearer shares, Series E, which will not grant existing shareholders a pre‑emptive right to purchase all new shares. The resolution also seeks approval for listing the new shares on the regulated market of the Warsaw Stock Exchange, dematerialisation of the shares, and a statutory amendment to incorporate the new share class. The decision follows earlier communication in report No. 2/2023, where the board disclosed plans to deepen PCF Group’s equity stake in its subsidiary Incuvo S.A., based in Katowice. The new capital injection is intended to support this strategic investment and enhance the group’s financial position. Key points include: a targeted capital increase via Series E ordinary shares; denial of pre‑emptive rights to current shareholders; application for market listing and dematerialisation; statutory changes to the company’s articles. The resolution is governed by Polish financial regulation, specifically § 5(9) and § 14(1‑2) of the Minister of Finance regulation dated 29 March 2018. The report is a routine disclosure under the Polish regulatory framework, providing shareholders and market participants with timely information on significant corporate actions.

investment funding ipo+1

PCF Group

Report

Raport Bieżący Nr 53/2023: Informacje o transakcjach wykonywanych przez osoby pełniące obowiązki zarządcze

The report, dated 19 October 2023, discloses a transaction involving a senior executive of PCF Group S.A. The disclosure is made under Article 19(3) of the MAR regulation, which requires public notification of trades by individuals holding managerial responsibilities. On 18 October 2023, the President of the Board purchased shares in PCF Group S.A., a transaction reported to regulators and incorporated into this current report. The notification, which serves as an attachment, confirms the acquisition and provides details such as the date of purchase and the identity of the executive. The scope is limited to a single transaction within the Polish market, reflecting compliance with EU MiFID II transparency obligations. No additional data on trade volume, price, or subsequent holdings are provided in the brief statement. The methodology follows regulatory reporting standards: the company forwards the notification received from the relevant authority to the public, ensuring timely disclosure. The report serves primarily as a compliance document rather than an analytical study, confirming that the executive’s trade aligns with statutory disclosure requirements.

investment europe

PCF Group

Report

Wyniki Finansowe 1H24: Polska

The presentation outlines PCF Group S.A.’s financial performance for the first half of 2024, focusing on revenue trends, profitability metrics, and portfolio developments. Revenue grew steadily from PLN 180.3 m in 2020 to PLN 171.5 m in the first quarter of 2024, with quarterly figures ranging between PLN 30.2 m and PLN 40.5 m, reflecting a modest year‑over‑year increase of roughly 3–4 %. Net income, however, remained negative throughout the period, with a cumulative loss of PLN 33.3 m in H1 2024 compared to PLN 13.1 m loss in H1 2023, largely attributed to a significant write‑down of the Gemini project and reduced earnings from the Bulletstorm VR title. EBITDA was similarly impacted, with a corrected figure of PLN –11.3 m in Q2 2024 due to revenue adjustments and project‑specific costs. The group’s portfolio, managed by InCuvO, includes three core VR titles—Green Hell, Green Bulletstorm Bison, and People Can Fly—as well as additional projects such as VRowe. Green Hell VR is slated for release on Meta Quest+ in June 2024, while Bulletstorm Bison’s co‑op mode is targeted for Q4 2024. People Can Fly’s latest version 1.4, featuring a horde mode, is expected in September 2024. Geographically, the company’s workforce remains concentrated in Warsaw (≈495 employees) with satellite offices in Montreal, New Castle, Dublin, and Katowice. The presentation emphasizes that the data are current as of 30 June 2024 and that future projections are subject to change.

market-analysis investment pc+1

PCF Group

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.

mergers-acquisitions investment funding+1

PCF Group

Report

Current Report No. 20/2024: Decision to Discontinue Work on Project Red

PCF Group S.A. has officially terminated development of Project Red, a title previously intended for either external publishing or self-publishing. This strategic decision stems from the company’s inability to secure an external publishing partner and a lack of sufficient capital to sustain self-publishing efforts. Furthermore, the company has prioritized the allocation of its development resources toward a newly acquired project, designated as Project Echo, which necessitates the transfer of the team previously assigned to Project Red. The cancellation of Project Red carries significant financial implications for the company’s 2024 fiscal reporting. As of June 30, 2024, the company will record a 100% impairment charge on all capitalized expenditures related to the project. This accounting action will result in an estimated reduction of 8.85 million PLN in the company’s standalone financial results and fixed assets, while the consolidated financial results and fixed assets for the group will decrease by approximately 7.72 million PLN. These adjustments are classified as one-time, non-cash events and will not impact the company’s EBITDA. While these figures represent the current assessment of the financial impact, they remain subject to final auditor review and may be adjusted in the upcoming semi-annual financial statements. This shift in development focus reflects a broader realignment of the company’s portfolio, prioritizing projects with secured external funding over those requiring internal capital investment.

game-development game-publishing investment+2

PCF Group

Report

Raport Bieżący Nr 44/2023: Zakończenie Subskrypcji Akcji Serii G PCF Group S.A.

The report details the completion of a private subscription offering of 2,510,904 ordinary shares of PCF Group S.A. (Series G) with a nominal value of 0.02 zł each, issued at an emission price of 40.20 zł per share. The subscription period ran from 9 to 10 August 2023, with contracts finalized on 18 August 2023 and full payment received the same day. Forty investors participated, each acquiring shares at the stated price; no tranches or allocation reductions applied. The total value of the offering amounted to 100,938,340.80 zł. No sub‑subscription agreements were involved, and the shares were paid for in cash. The document clarifies that it is purely informational, not an offer or advertisement, and is restricted from distribution in the United States, Australia, Canada, Japan, South Africa, or other jurisdictions where it would violate securities law. It is intended solely for qualified investors within the European Economic Area and the United Kingdom, in line with Regulation (EU) 2017/1129. The report disclaims any liability for managers or related parties and states that future cost details will be disclosed in a separate report once invoices are finalized. Key data points include the number of shares issued, subscription dates, price per share, total offering value, and investor count. The scope is limited to the Polish market with no public offering outside Europe, and the methodology follows standard private subscription procedures under Polish corporate law.

investment funding ipo

PCF Group

Report

Assessment of Annual Financial Statements: 2020

The assessment confirms that PCF Group S.A.’s 2020 annual financial statements, both individual and consolidated, comply with International Financial Reporting Standards (IFRS) approved by the European Union and meet Polish accounting legislation. The audit opinion declares the statements present a clear, reliable picture of the company’s financial position, results and cash flows as of 31 December 2020. The supervisory board reviewed the audited reports, management’s activity report and corporate governance statement, all of which were found consistent with accounting records and factual circumstances. No material misstatements or deviations from regulatory requirements were identified. The review covered the entire Polish market, focusing on PCF Group’s operations for the 2020 fiscal year. Methodologically, the board relied on the independent auditor’s report and a video conference with the lead auditor summarizing audit findings. The board’s positive evaluation affirms that the financial statements were prepared within statutory deadlines, based on properly maintained books and aligned with both national law and IFRS. The corporate governance declaration also satisfied all mandated components, indicating adherence to governance standards. Overall, the supervisory board’s findings endorse the integrity and compliance of PCF Group S.A.’s 2020 financial disclosures, affirming their suitability for investors and regulatory stakeholders.

investment europe

PCF Group

Report

Raport Bieżący Nr 18/2022: Nabycie przez Square Enix Limited Prawa do Objecia Akcji PCF Group S.A.

The report informs that on 30 June 2022 Square Enix Limited (SQEX) exercised its right to acquire the fourth tranche of 90,000 subscription warrants (Series A4) issued by PCF Group S.A. Each warrant entitles SQEX to purchase one ordinary Series C share at an issue price of 50 PLN, matching the final public offering price approved by the Polish Financial Supervision Authority on 25 November 2020. The issuance of this tranche was triggered by PCF’s revenue from contracts with SQEX exceeding 180 million PLN. Under the investment agreement, SQEX may exercise its option to acquire Series C shares for each tranche received, up to a maximum of six tranches. By the date of this report, SQEX had accumulated 360 000 warrants across four tranches, allowing the purchase of an equivalent number of Series C shares. This represents roughly 1.2 % of PCF’s share capital and confers the same proportion of voting rights at general meetings. The company estimates that, if all six tranches were exercised, SQEX could ultimately acquire about 1.8 % of the share capital. The warrants can be exercised until 31 December 2025. PCF currently lacks information on SQEX’s intentions regarding the exercise of these rights. The report is dated 30 June 2022 and follows a prior disclosure (report no. 40/2021) concerning the initial investment agreement between PCF and SQEX.

investment mergers-acquisitions game-publishing+1

PCF Group

PCF Group

Documents

Szacunkowe wyniki finansowe za I półrocze 2022 r.

Raport bieżący nr 27/2025: Zawarcie umów objęcia nowych akcji serii H

Raport Bieżący Nr 30/2023: Zmiana Udziału Stron Porozumienia w Kapitale Zakładowym

Current Report No. 6/2023: Issuance of Shares as Part of Target Capital Increase

Raport Bieżący Nr 53/2023: Informacje o transakcjach wykonywanych przez osoby pełniące obowiązki zarządcze

Roczne Skonsolidowane Sprawozdanie Finansowe: 2024

Wyniki Finansowe 1H24: Polska

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

Current Report No. 20/2024: Decision to Discontinue Work on Project Red

Raport Bieżący Nr 44/2023: Zakończenie Subskrypcji Akcji Serii G PCF Group S.A.

Assessment of Annual Financial Statements: 2020

Raport Bieżący Nr 18/2022: Nabycie przez Square Enix Limited Prawa do Objecia Akcji PCF Group S.A.