PCF Group

Game Co.

234 documents

Documents

Report1 pages

Current Report No. 7/2024: Settlement of Bulletstorm VR Production Costs and Termination of Production-Publishing Agreement

PCF Group S.A. has terminated its production-publishing agreement with Incuvo S.A. for Bulletstorm VR, effective January 19, 2024, following the game's poor commercial performance.
PCF Group has assumed full control over the title's ongoing commercialization and future development lifecycle.
Incuvo S.A. has forfeited all rights to future royalty payments generated by Bulletstorm VR sales as part of the contractual dissolution.

Game Development Game Publishing VR+2

PCF Group

Report1 pages

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

PCF Group S.A. has officially terminated the development of Project Dagger following a strategic reassessment of its development pipeline.
The cancellation will result in a one-time, non-cash impairment charge of 79.9 million PLN in the company’s standalone financial statements for the 2023 fiscal year.
Consolidated financial statements for 2023 will reflect a 68.3 million PLN write-down due to the project's termination.

Game Development Investment Europe

PCF Group

Report1 pages

Raport Bieżący nr 13/2024: Uzgodnienie Planu dla Projektu Gemini

PCF Group S.A. has restructured its Project Gemini agreement with Square Enix Limited, shifting the project to a work-for-hire model.
Future revenue from Project Gemini will be capped at covering direct development costs, eliminating the previously anticipated profit margins.
The company expects a decline in both individual and consolidated sales revenue as a direct result of the revised financial terms.

Game Development Game Publishing Investment+1

PCF Group

Report1 pages

Current Report No. 9/2024: Change of Date for the Submission of Annual Reports for 2023

PCF Group S.A. has rescheduled the publication of its 2023 consolidated and standalone annual financial reports from April 25, 2024, to April 29, 2024.
The four-day delay is a procedural adjustment made to ensure full compliance with Polish Minister of Finance regulations regarding periodic financial disclosures.
The updated filing date remains within the company's commitment to release audited 2023 fiscal year data by the end of April.

Investment Europe

PCF Group

Report1 pages

Raport Bieżący Nr 15/2024: Ogłoszenie Decyzji o Rozpoczęciu Przeglądu Opcji Strategicznych

PCF Group S.A. has formally initiated a strategic review to evaluate options for long-term growth and capital development.
The review process includes exploring the potential acquisition of a financial or strategic investor to support the company’s future trajectory.
Management is considering corporate transactions that could lead to structural changes in the company’s shareholding or capital base.

Mergers & Acquisitions Investment Europe

PCF Group

Report3 pages

Raport bieżący nr 18/2024Ujawnienie opóźnionej informacji poufnej w sprawie rozpoczęcia przez PCF Group S.A. negocjacji w przedmiocie zawarcia umowy produkcyjno-wydawniczej z Krafton Inc.

PCF Group S.A. has entered into a formal production and publishing agreement with Seoul-based Krafton Inc. following the execution of a Master Services Agreement on September 10, 2024.
The partnership focuses on the development of a new game mode for an existing Krafton title under a work-for-hire business model.
Negotiations for this collaboration officially commenced on July 11, 2024, but were kept confidential until the current disclosure to protect business interests.

Game Development Game Publishing Mergers & Acquisitions+1

PCF Group

Report1 pages

Raport Bieżący Nr 19/2024: Zawarcie Umowy Produkcyjno-Wydawniczej z Krafton Inc.

PCF Group S.A. signed a production and publishing agreement with Krafton Inc. on September 10, 2024.
The partnership focuses on the development of a new gameplay mode codenamed 'Project Echo' for an existing Krafton-owned title.
The collaboration is structured as a work-for-hire arrangement where PCF Group provides production services in exchange for financial compensation.

Game Development Game Publishing Mergers & Acquisitions+1

PCF Group

Report2 pages

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

PCF Group S.A. has officially terminated development of Project Red due to an inability to secure an external publishing partner and insufficient capital for self-publishing.
The cancellation will result in a 100% impairment charge on all capitalized expenditures related to Project Red as of June 30, 2024.
The impairment will reduce the company’s standalone financial results and fixed assets by approximately 8.85 million PLN.

Game Development Game Publishing Investment+2

PCF Group

Report7 pages

Załącznik do Raportu bieżącego nr 21/2024Wzór pełnomocnictwa na NWZ

PCF Group S.A. has scheduled an Extraordinary General Meeting for November 13, 2024.
The provided document is a standardized proxy voting template designed to formalize shareholder representation for this specific meeting.
The proxy instrument grants appointed representatives full authority to attend the meeting, cast votes on equity stakes, and submit formal motions or statements.

Mergers & Acquisitions Investment

PCF Group

Report3 pages

Aktualizacja ram czasowych realizacji Strategii

People Can Fly Group requires 350 million PLN in new financing during 2025–2026 to execute its updated strategic roadmap.
The company targets at least 3.3 billion PLN in total revenue for the 2024–2028 period, with growth scaling from 5% in 2025 to 33% by 2028.
The self-published project 'Bison' is scheduled for release in 2025, followed by early access launches for 'Bifrost' and 'Victoria' in 2026.

Investment Funding Europe

PCF Group

Report2 pages

Current Report No. 30/2024: Decision to Reduce Development Team for Project Bifrost

PCF Group S.A. has significantly downsized the development team for its self-published title, Project Bifrost, due to a failure to secure necessary capital.
The 2026 early access launch window for Project Bifrost is no longer viable, and the company is initiating formal impairment testing on project expenditures under IAS 36.
The company is downsizing its publishing and support divisions to align operational capacity with current financial resources.

Game Development Game Publishing Employment+2

PCF Group

Report1 pages

Raport Bieżący Nr 27/2024: Zwiększenie Kwoty Niezabezpieczonej Gwarancji

PCF Group S.A. increased the unsecured guarantee for its subsidiary, People Can Fly Canada Inc., from 9.2 million to 13.154 million Canadian dollars as of November 15, 2024.
The revolving credit facility for People Can Fly Canada Inc. with the Bank of Montreal was expanded from 8 million to 11.954 million Canadian dollars.
To secure the increased credit exposure, the first-ranking hypothec over the movable property of the Canadian subsidiary was raised from 11.04 million to 15.7848 million Canadian dollars.

Investment Funding Europe+1

PCF Group