PCF Group

Game Co.

234 documents

Documents

Raport z przeglądu skróconego śródrocznego skonsolidowanego sprawozdania finansowego: H1 2025

The review confirms that the consolidated interim financial statements for PCF Group Spółka Akcyjna, covering the period from 1 January to 30 June 2025, have been prepared in accordance with International Financial Reporting Standard 34 for interim reporting as adopted by European Union regulations. No material misstatements or omissions were identified during the review, which was conducted in accordance with Polish Standard 2410 (the local equivalent of International Standard on Review Engagements). The review involved inquiry procedures directed at financial and accounting personnel, analytical procedures, and other review activities. Because the scope of a review is narrower than that of an audit, no assurance is provided beyond the conclusion that nothing has come to the reviewers’ attention that would lead them to believe the statements are not prepared in all material respects. Key disclosures highlighted include a valuation test for a cash‑generating unit related to capitalised development costs for a new game, with uncertainties noted regarding the assumptions underpinning projected cash flows and actual sales under an early‑access model. Additionally, a deferred tax asset of PLN 53,543 thousand is subject to uncertainty due to potential changes in the group’s tax‑profit forecasts over a five‑year horizon, reflecting doubts about the feasibility of current strategic plans. No modifications to these disclosures were recommended by the reviewers. The review covers the entire PCF Group, headquartered in Warsaw, and was completed on 30 September 2025 by Grant Thornton Polska Prosta Spółka Akcyjna, a member of the Grant Thornton International network.

investment europe

PCF Group

Report

Szacunkowe wyniki finansowe za rok obrotowy 2022

The report presents preliminary consolidated financial results for PCF Group S.A. for the fiscal year ending 31 December 2022, as required under Article 17(1) of the MAR regulation. The company’s management has decided to disclose these estimates publicly, following earlier interim reports 3/2023 and 4/2023. Revenue from sales is estimated at PLN 170 million, while EBITDA is projected at PLN 48.5 million. These figures are provisional and will be audited by an external auditor before finalization. The scope of the estimates covers the entire PCF Group, encompassing all subsidiaries and operating units. The time period is strictly the 2022 fiscal year. No detailed breakdown by geographic region or business segment is provided in this preliminary disclosure; the figures represent group‑wide aggregates. Methodologically, the estimates are derived from management’s internal projections and will undergo verification by a qualified auditor. The final audited results, both individual and consolidated, are scheduled for release in the 2022 annual reports on 27 April 2023. The report maintains a neutral tone, focusing solely on the announced revenue and EBITDA figures without additional commentary or analysis.

investment europe

PCF Group

Report

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

The notice explains that PCF Group S.A., headquartered in Warsaw, is the data controller for personal information of its shareholders, their agents and representatives. Data are sourced from the National Securities Depository or directly supplied by shareholders to verify ownership, share quantity, voting rights and representation. Processing activities cover the preparation of shareholder lists for general meetings, attendance records, agent authorisations, and other legal obligations under Polish corporate law, public offering statutes, and EU GDPR. The company may also use contact details for communication and employ video surveillance within its premises, with recorded footage retained no longer than three months. Recipients of the data include other shareholders and authorised parties under legal provisions, as well as service providers assisting business processes such as cloud or telecommunication services. Transfers outside the European Economic Area are permitted only under contractual safeguards, such as standardised data‑processing agreements approved by the European Commission. Personal data are retained for the duration of shareholder status, extended if necessary to pursue or defend legal claims, and thereafter only as required by accounting regulations. Shareholders and their agents retain rights to access, rectify, erase or restrict processing, object to lawful interest‑based processing, and lodge complaints with the Polish Data Protection Authority. Providing personal data is voluntary but essential for participation in general meetings or to receive corporate communications; failure to provide required information will preclude such engagement. No automated decision‑making or profiling is applied to the data set.

employment europe

PCF Group

Report

Raport bieżący nr 17/2023Rozpoczęcie procesu budowania księgi popytu w ramach oferty w trybie subskrypcji prywatnej emitowanych przez PCF Group S.A. nowych akcji zwykłych na okaziciela Serii F oraz zawarcie umowy na potrzeby przeprowadzenia oferty oraz umowy o ograniczeniu zbywania akcji Spółki

The document announces the initiation of a private subscription process for up to 5,853,941 Series F ordinary shares issued by PCF Group S.A. The offer is governed by the company’s 28 February 2023 Extraordinary General Meeting resolution and a subsequent board resolution dated 29 May 2023, which establish the terms of subscription, the engagement of Trigon Dom Maklerski S.A. and Trigon Investment Banking for execution, and the signing of a lock‑up agreement with key shareholder Sebastian Wojciechowski. The subscription will be limited to qualified investors, including those holding at least 0.25 % of voting rights as of the preference day or investors with a minimum €100,000 in eligible securities. The Series F shares are intended for offshore transactions only and will not be offered or sold within the United States, Australia, Canada, Japan, South Africa, or other jurisdictions where such distribution would violate securities law. The company plans to seek listing of the Series F shares on the Warsaw Stock Exchange under a prospectus exemption for up to 20 % of existing shares, contingent on regulatory approval. The report clarifies that no prospectus will be prepared and the offer is not a public offering outside Poland. The document includes extensive legal disclosures, risk warnings, and restrictions on distribution, emphasizing that it serves purely informational purposes for qualified investors.

investment funding ipo+1

PCF Group

Report

Raport Bieżący Nr 13/2021: Przejęcie Zespołu Deweloperskiego Phosphor Games, LLC

The report details the acquisition of Phosphor Games’ development team by People Can Fly Chicago, LLC (PCF Chicago), a subsidiary of PCF Group S.A. The transaction occurred on 23 April 2021, with the new studio commencing operations on 1 May 2021. PCF Chicago secured an eighteen‑person team, including three founding members of Phosphor Games. Employment agreements were signed under PCF Group standards, incorporating a new bonus scheme, while confidentiality, non‑solicitation, and non‑compete clauses were enforced. Separation agreements terminated prior collaborations with Phosphor Games as of 30 April 2021. Liability protection was achieved through a joint indemnity commitment by Phosphor Games’ founders, shielding PCF Chicago and related entities from third‑party claims linked to former activities, including employment and tax obligations. Additionally, PCF Chicago assumed the lease of Phosphor Games’ Chicago office to serve as its headquarters. Financing for the acquisition was sourced from a loan granted on 31 March 2021 by People Can Fly U.S., LLC, a wholly owned subsidiary of PCF Group. The scope covers the United States, specifically Chicago and New York, within the video‑game development sector. The report reflects a corporate restructuring aimed at consolidating talent and assets under the PCF Group umbrella, enhancing operational efficiency and expanding its North American presence.

mergers-acquisitions game-development usa+1

PCF Group

Report

Current Report No. 20/2022: Change of Date for the Submission of the Semiannual Report for H1 2022

The notice informs stakeholders that the publication date for PCF Group S.A.’s consolidated semi‑annual report covering the first half of 2022 has been postponed. Originally scheduled for September 26, 2022, the release will now occur on September 29, 2022. The change is issued under Article 80(2) of the Polish Ministry of Finance regulation dated 29 March 2018, which governs ongoing and periodic disclosures by issuers of securities. The announcement follows an earlier current report dated 20 January 2022, which had set the initial deadline. No additional data or financial figures are provided; the communication solely addresses the revised timeline for the semi‑annual report’s availability.

investment europe

PCF Group

Report

Raport bieżący nr 16/2023Podpisanie przez People Can Fly Canada Inc. umowy kredytowej oraz powiązanych dokumentów zabezpieczeń

People Can Fly Canada Inc., a subsidiary of PCF Group S.A. headquartered in Warsaw, entered into a financing agreement with the Bank of Montreal on 24 May 2023. The contract provides two revolving credit facilities: a $1,200,000 line for general corporate and working‑capital needs, and an $8,000,000 line to fund Canadian tax incentives. Both lines are renewable annually and repayable on demand. Interest rates combine a negotiated margin with the Canadian Prime Rate, and standard market‑based fees apply. The agreement requires customary suspension conditions, including submission of legal opinions, registration extracts and other documentation to the bank. Security for the loans is structured under Canadian law and includes a parent‑company guarantee, a first‑ranking general security agreement covering all movable assets of PCF Canada, a first‑ranking mortgage valued at $11,040,000 on the same movable assets, subordination of corporate loans from the parent entity, and designation of the bank as an additional insured under PCF Canada’s insurance policies. On the same day, PCF Group issued a $9,200,000 unsecured guarantee to the bank covering the loan obligations and associated securities. The agreement obliges PCF Canada to provide financial statements and other material information, imposes restrictions on changes in core business activities or additional borrowing, and grants the bank rights to terminate or suspend financing upon breach. The arrangement is confined to Canada, covers corporate finance and tax‑incentive funding, and reflects standard practices for revolving credit facilities in the Canadian market.

funding north-america

PCF Group

Report

Current Report No. 22/2022: Agreement on Termination of Production and Publishing Agreement

The report announces that on October 1, 2022, People Can Fly U.S., LLC and its parent PCF Group S.A. entered into a termination agreement with Take‑Two Interactive Software, Inc., ending the 2020 production and publishing contract for Project Dagger. The termination agreement specifies how financial obligations will be settled depending on the eventual release model of the title. If Project Dagger is released through self‑publishing by People Can Fly U.S., the company will pay royalties to Take‑Two on a quarterly basis until cumulative payments equal a predetermined repayment amount of $20 million. If the game is released with a new publisher, People Can Fly U.S. will repay the same $20 million in two equal installments due six and twelve months after launch. No repayment is required if the game never reaches commercial release, regardless of model. The agreement also confirms that Take‑Two did not exercise its option to acquire intellectual property rights under the original contract, and that the license granted to Take‑Two has expired. Consequently, People Can Fly U.S. retains exclusive ownership of Project Dagger’s intellectual property. Standard termination provisions accompany the agreement, covering general legal and procedural matters. The report covers a single geographic jurisdiction—both parties are headquartered in New York, USA—and pertains exclusively to the Project Dagger title within the video‑game development and publishing sector. No survey or external data sources are cited; the document is a straightforward corporate disclosure of contractual termination and financial settlement terms.

game-publishing mergers-acquisitions investment+1

PCF Group

Report

Wyniki Finansowe 2023: PCF Group S.A.

The presentation outlines PCF Group S.A.’s financial performance for 2023, focusing on its core gaming and publishing operations. The group’s revenue reached PLN 180.3 million, with self‑publishing projects contributing PLN 171.5 million and external publishing adding PLN 8.8 million. EBITDA for the year was PLN 49.7 million, a decline from PLN 70.5 million in 2022 due to higher operating costs and lower margins on key titles such as “Bulletstorm VR” and the cancelled “Dagger” project. Net income fell to PLN −75.6 million, largely driven by a one‑off write‑down of the Dagger IP and increased staff expenses. Balance sheet highlights show total assets rising to PLN 513.5 million, driven by a PLN 68.0 million increase in intangible assets and a PLN 112.7 million rise in development costs. Equity stood at PLN 277.6 million, while cash and equivalents were PLN 159.4 million at year‑end. The company’s workforce grew from 612 to 756 employees, reflecting expansion in development and publishing teams across Warsaw, Montreal, New Castle, Dublin, Katowice, and Rzeszów. Geographically, PCF operates in Europe and North America, with major studios in Warsaw and Montreal. The group’s strategy for 2024 includes closing underperforming projects, renegotiating VR contracts, and tightening cost controls on travel and event expenses. Funding options will be explored to support the planned portfolio of AAA titles, including “Bison” and “Green Hell VR,” while maintaining a focus on self‑publishing growth.

investment market-analysis europe

PCF Group

Report

Raport bieżący nr 5/2020: Wprowadzenie do obrotu akcji i PDA

The report announces the initiation of trading for PCF Group S.A.’s Series A shares and Series B rights on the Warsaw Stock Exchange’s primary market, effective 18 December 2020. The company confirms receipt of the exchange’s resolutions: resolution 992/2020 authorises 27,500,000 Series A shares with a nominal value of PLN 0.02 each, listed under the ticker “PCF”; resolution 993/2020 authorises 2,062,512 Series B rights with the same nominal value, listed under “PCFA”. Both instruments are registered with KDPW and carry ISIN codes PLPCFGR00010 (Series A) and PLPCFGR00036 (Series B). The announcement is issued under the legal framework of §17(1)(4) of the 2018 Ministerial Regulation on ongoing and periodic information from issuers, ensuring compliance with disclosure requirements for non‑EU jurisdictions. Key data points include the exact share and rights quantities, nominal values, ISIN identifiers, ticker symbols, and the precise effective date of market entry. The scope is limited to the Warsaw Stock Exchange’s primary market and pertains solely to PCF Group S.A.’s equity instruments. Methodologically, the report relies on official exchange resolutions and internal corporate communication; no survey or external data sources are cited. The document serves to inform investors and market participants of the new trading instruments, confirming regulatory approval and providing essential identifiers for trade execution.

investment ipo europe

PCF Group

Report

Assessment of Annual Financial Statements and the Management Board's Annual Report: 2024

The assessment confirms that PCF Group S.A.’s 2024 annual financial statements, both standalone and consolidated, provide a reliable and transparent depiction of the company’s assets, liabilities, equity, income, and cash flows as of 31 December 2024. The statements comply with International Financial Reporting Standards (IFRS) and related European Union regulations, and are based on properly maintained accounting records. The independent auditor’s opinion affirms the statements’ accuracy, consistency with applicable laws and statutes, and adherence to IFRS. The supervisory board’s review of the management report and corporate governance declaration also concludes that these documents accurately reflect the group’s performance, development, and financial position without material misstatement. The board’s evaluation covers all statutory requirements under Polish accounting law, confirming that the reports meet legal and regulatory standards. The assessment was conducted by the supervisory board following a review of the auditor’s reports, management disclosures, and a videoconference with the lead auditor. Signatories from the supervisory board, including the chairperson and five members, formally endorse the findings on 29 April 2025. The document therefore serves as a formal confirmation that PCF Group S.A.’s 2024 financial reporting is complete, compliant, and trustworthy for stakeholders.

investment europe pc

PCF Group

PCF Group

Documents

Raport z przeglądu skróconego śródrocznego skonsolidowanego sprawozdania finansowego: H1 2025

Szacunkowe wyniki finansowe za rok obrotowy 2022

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

Semi-Annual Report of the Management Board of PCF Group S.A. 2022

Raport Bieżący Nr 13/2021: Przejęcie Zespołu Deweloperskiego Phosphor Games, LLC

Current Report No. 20/2022: Change of Date for the Submission of the Semiannual Report for H1 2022

Raport bieżący nr 16/2023Podpisanie przez People Can Fly Canada Inc. umowy kredytowej oraz powiązanych dokumentów zabezpieczeń

Current Report No. 22/2022: Agreement on Termination of Production and Publishing Agreement

Wyniki Finansowe 2023: PCF Group S.A.

Raport bieżący nr 5/2020: Wprowadzenie do obrotu akcji i PDA

Assessment of Annual Financial Statements and the Management Board's Annual Report: 2024