PCF Group

PCF Group S.A. has officially suspended development work on Project Gemini, a title previously produced under a work-for-hire agreement with Square Enix Limited. This decision, effective June 1, 2025, follows the expiration of the existing content rider and the absence of a subsequent agreement to cover future production milestones. The cessation of operations stems from a lack of communication from the publisher regarding the project's status, creating significant uncertainty surrounding the publisher's intent to finalize the game.

The scope of this development halt covers the European operations of the PCF Group, specifically impacting the contractual relationship established under the original production and publishing agreement. Given the publisher's failure to provide terms for continued development or clear guidance on the project's future, the management board currently views the prospect of ongoing collaboration on Project Gemini as highly doubtful.

This strategic shift marks a definitive pause in the studio's involvement with the project as of mid-2025. The company has indicated that it will provide further updates as the situation evolves and more information regarding the status of the collaboration becomes available. The decision reflects the inherent risks associated with work-for-hire models when contractual renewals and publisher alignment are not secured in a timely manner.

PCF Group S.A. has officially rescheduled the publication date for its consolidated and standalone annual reports for the 2024 fiscal year. The company, a prominent entity within the video game development sector, will now release these financial documents on April 29, 2025. This adjustment follows a previous announcement made on April 15, 2025, which had initially set the disclosure date for April 28, 2025.

The decision to modify the reporting timeline is executed in accordance with the regulatory requirements set forth by the Polish Minister of Finance regarding the disclosure of periodic information by securities issuers. By shifting the deadline by one day, the company ensures compliance with legal obligations governing transparency and financial reporting for publicly traded entities. This procedural update serves to finalize the schedule for the release of the group’s comprehensive financial performance data for the preceding year.

The scope of this disclosure encompasses the entirety of the PCF Group S.A. capital group, reflecting the organization's commitment to providing stakeholders with accurate and timely financial insights. No further changes to the reporting schedule have been indicated, and the revised date of April 29, 2025, remains the definitive deadline for the dissemination of the 2024 annual results. This administrative update ensures that investors and market participants are correctly informed of the updated timeline for evaluating the company's fiscal health and operational outcomes.

PCF Group S.A. has officially suspended all development work on the self-published project Bifrost. This strategic decision follows a series of recent organizational adjustments, including the prior reduction of the project’s development team and the impairment of associated assets. The move marks a significant shift in the company’s operational focus as it navigates current financial constraints and resource allocation challenges.

The primary catalyst for this suspension is the failure to secure a new execution agreement for the Gemini project, which was being developed in Europe under a work-for-hire model for Square Enix Limited. A subsequent internal analysis of the company’s cash flow revealed that the loss of this partnership rendered the continued self-funding and production of Bifrost financially unviable. Consequently, the company lacks the necessary organizational resources and capital to sustain the project’s development and eventual market release.

This decision reflects a broader restructuring effort within the company, occurring in tandem with the concurrent halt of development on the Gemini project. By suspending Bifrost, the organization aims to mitigate further financial risk in light of its updated liquidity projections. Management intends to provide further updates regarding the implications of this decision and the company’s future strategic direction through subsequent regulatory disclosures.

PCF Group S.A. has initiated a workforce reduction affecting over 60 employees previously assigned to the development of Project Gemini. This decision follows the formal suspension of all development activities related to the title, which was being produced in Europe under a work-for-hire agreement with Square Enix Limited. The restructuring is a direct consequence of the publisher’s failure to provide a subsequent executive agreement, rendering the future of the collaboration and the project’s continuation untenable.

The termination of the development team marks a significant shift in the company’s operational strategy regarding this specific partnership. By failing to secure a follow-up contract, the company faced critical uncertainty regarding the project's viability, necessitating the immediate downsizing of the dedicated staff. This action reflects the inherent risks associated with the work-for-hire business model, where project continuity is heavily dependent on the publisher’s commitment to ongoing executive agreements.

Management maintains that the current status of Project Gemini remains uncertain, and no further development work is scheduled at this time. Future updates regarding the project’s status or potential changes to the company’s relationship with the publisher will be disclosed as they arise. This reduction represents a definitive step in mitigating the financial and operational impact caused by the cessation of work on the project.

PCF Group S.A. has initiated a significant workforce reduction following the recent suspension of development on Project Bifrost. This strategic decision marks a shift in the company’s internal resource allocation, as the project was previously being developed under a self-publishing model funded entirely by the company’s own capital. The move reflects a broader effort to streamline operations and mitigate financial exposure associated with the project’s cessation.

The restructuring impacts over 50 employees who were directly involved in the development of Project Bifrost. To retain institutional knowledge and maintain operational continuity, the company has extended offers to the remaining staff members to transition into roles within other active projects currently under development by the group. This approach aims to preserve human capital while pivoting resources toward more viable production pipelines.

These actions represent a definitive step in the company’s management of its current portfolio. By reassigning personnel and reducing the headcount associated with the halted project, the organization is adjusting its cost structure to align with its updated strategic priorities. Future updates regarding the status of Project Bifrost will be disclosed as they arise, ensuring transparency regarding the company’s ongoing development activities and organizational adjustments.

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.

NINIEJSZY DOKUMENT NIE JEST PRZEZNACZONY DO DYSTRYBUCJI, BEZPOŚREDNIO CZY POŚREDNIO, NA TERYTORIUM ALBO DO STANÓW ZJEDNOCZONYCH AMERYKI, AUSTRALII, KANADY LUB JAPONII ANI INNYCH KRAJÓW, GDZIE PUBLIKACJA, OGŁOSZENIE, DYSTRYBUCJA LUB PRZESŁANIE BYŁOBY NIEZGODNE Z PRAWEM. NINIEJSZY DOKUMENT NIE STANOWI OFERTY PAPIERÓW WARTOŚCIOWYCH W JAKIEJKOLWIEK JURYSDYKCJI. PROSIMY O ZAPOZNANIE SIĘ Z ZASTRZEŻENIAMI PRAWNYMI ZAMIESZCZONYMI NA KOŃCU NINIEJSZEGO DOKUMENTU.

PCF Group S.A., based in Warsaw, has formally determined the parameters for its Series H share issuance following the conclusion of a book-building process on August 11, 2025. The company will offer a total of 6,670,000 new ordinary bearer shares to investors. The issue price for these shares has been set at 3.00 PLN per share, a rate that will apply uniformly to all participating investors.

This issuance is being conducted as a private subscription under the Polish Commercial Companies Code, utilizing the company’s authorized capital. The offering is structured as a public offering that is exempt from the requirement to publish a prospectus or other formal information documents, in accordance with the European Union’s Prospectus Regulation. The decision to proceed with this capital increase, with the exclusion of existing shareholders' pre-emptive rights, was made with the approval of the company's Supervisory Board and follows authorization granted by the Ordinary General Meeting of Shareholders on June 23, 2025.

The offering is strictly limited to qualified investors and specific eligible parties in jurisdictions where such an offer is legally permissible. The company has explicitly restricted the distribution of information regarding this issuance in the United States, Australia, Canada, Japan, South Africa, and other regions where such actions would violate local securities laws. The shares have not been registered under the U.S. Securities Act of 1933 and are not intended for public offering outside of Poland. The company maintains that this disclosure is for informational purposes only and does not constitute a recommendation or solicitation to purchase securities.

PCF Group S.A., a Warsaw-based entity, has officially initiated a book-building process for the issuance of up to 6,670,000 Series H ordinary bearer shares. The primary objective of this capital raise is to secure approximately 20 million PLN to stabilize the company’s short-term financial liquidity and provide necessary working capital. These funds are intended to support the ongoing execution of contracts within the company’s work-for-hire business model, facilitating a predictable and orderly scaling of operations while maintaining cost discipline to restore operational profitability.

The offering process is being conducted in accordance with resolutions adopted by the company’s management board on August 6, 2025, with Trigon Dom Maklerski S.A. and Trigon Investment Banking serving as the lead entities for the subscription. To support the offering, the company has established July 31, 2025, as the preference date for existing shareholders. Additionally, Sebastian Wojciechowski, the company’s President and a significant shareholder, has declared an intention to participate in the book-building process and subsequent offering, committing to acquire Series H shares for up to 5 million PLN, provided his allocation does not exceed 50% of the total shares issued in this offering.

The scope of this offering is restricted to jurisdictions where such activity is legally permissible, specifically excluding the United States, Australia, Canada, Japan, and South Africa. The shares are being offered exclusively to qualified investors in compliance with relevant European Union and local regulations, and no prospectus is required for this issuance. The company remains subject to existing lock-up agreements regarding its shares, which extend through December 31, 2027, with specific provisions for future long-term incentive programs involving call options.

PCF Group S.A. has formally announced the adoption of a resolution regarding the issuance of 6,670,000 ordinary bearer shares of Series H. This action is being executed as part of a targeted increase in the company’s share capital. The decision was finalized by the company’s management board on August 12, 2025, in accordance with regulatory requirements concerning market abuse and public offering procedures.

The scope of this announcement is strictly limited to providing information regarding the share issuance and does not constitute a public offer, advertisement, or promotional material for the new shares. The issuance is intended exclusively for qualified investors within the European Economic Area and specific professional categories in the United Kingdom. The company has explicitly stated that no prospectus is required for this transaction under current European regulations, as the offering is structured to qualify for exemptions from standard prospectus requirements.

Geographically, the distribution of this information is subject to significant legal restrictions. The announcement is not intended for publication, distribution, or transmission in the United States, Australia, Canada, Japan, South Africa, or any other jurisdiction where such actions would be unlawful. The new shares have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold within the United States absent registration or an applicable exemption. The company and its designated manager disclaim all liability regarding the accuracy or completeness of the information provided, emphasizing that potential investors must conduct their own independent analysis before making any investment decisions.

PCF Group S.A. has officially scheduled the early access release of its upcoming title, Lost Rift, for September 25, 2025. This announcement confirms the transition of the project, previously identified by the codename Victoria, into the commercialization phase on the Steam platform. The decision follows previous corporate disclosures regarding the development progress of the title, marking a significant milestone in the company’s current production pipeline.

The release strategy focuses on the early access model, a common industry practice that allows developers to gather player feedback and refine gameplay mechanics while the title remains in active development. By leveraging the Steam ecosystem, the company aims to establish an initial user base and facilitate iterative improvements ahead of a potential full-scale launch. This move aligns with the company’s broader operational objectives for the 2025 fiscal year, reflecting a strategic shift from internal development to public market engagement.

The scope of this release is global, as the Steam platform provides immediate international distribution for the title. The announcement serves as a formal regulatory update, ensuring transparency for stakeholders regarding the company’s product roadmap and revenue generation timelines. By setting a definitive date for the early access launch, the management team provides clarity on the project’s status and its readiness for public consumption within the competitive PC gaming market.

PCF Group S.A. has formally concluded the private subscription of 6,670,000 new series H ordinary bearer shares. The primary purpose of this announcement is to confirm the successful completion of the issuance process, which was conducted as a private subscription under the Polish Commercial Companies Code. The total value of the offering reached 20,010,000 PLN, with each share issued at a price of 3.00 PLN.

The subscription process involved a book-building phase held between August 6 and August 11, 2025, with all subscription agreements finalized by August 14, 2025. The shares were fully covered by cash contributions from 16 investors. Because the issuance was fully subscribed through these agreements, no formal allocation process or reduction in the number of shares was necessary. The company has noted that final costs associated with the offering are currently being reconciled and will be disclosed in a subsequent report once verified by the involved parties.

This transaction was restricted to qualified investors and was not subject to a public prospectus requirement under European Union regulations. The offering was limited to specific jurisdictions, explicitly excluding the United States, Australia, Canada, Japan, and South Africa, in compliance with international securities laws. The company maintains that this disclosure is for informational purposes only and does not constitute a recommendation or a public offer of securities in any jurisdiction where such action would be unlawful.