PCF Group

Game Co.

601 documents

Documents

Wyniki Finansowe 9M23

The presentation delivers an informational overview of PCF Group S.A.’s financial performance for the nine‑month period ending 30 September 2023, emphasizing that it is not an investment offer or recommendation. It clarifies that all forward‑looking statements are based on management’s expectations and may differ materially from actual results, and that the company is not obligated to update or publish changes. The document discloses that data are current as of the presentation date, may contain rounding errors, and should be cross‑checked with official periodic reports for accuracy. Key quantitative highlights include a workforce of 722 employees across global offices, with notable concentrations in Warsaw (495), Montreal (386), New York (418), and other European and North American locations. The presentation also outlines the company’s asset structure, distinguishing between cash and obligations, long‑term development work, equity contributions, and rights to assets or liabilities. While specific financial figures (revenues, profits, balance sheet totals) are not fully extracted in the provided text, the structure indicates a comprehensive breakdown of assets and liabilities. The scope covers PCF Group S.A. and its capital group, with geographic coverage spanning Europe (Poland, Ireland, UK) and North America (USA, Canada). The time frame is the first nine months of 2023. Methodologically, the presentation relies on internal data compiled by the company’s management team and is intended for informational purposes only, not as a basis for investment decisions.

market-analysis investment europe

PCF Group

Report

Raport Bieżący Nr 20/2023: Ustalenie Liczby Oraz Ceny Emisyjnej Akcji Serii F

The report discloses that PCF Group S.A., following an extraordinary shareholders’ resolution, completed a demand‑building process for its Series F ordinary shares on 1 June 2023. The company will offer a total of 3,343,037 Series F shares to investors, with 3,342,937 of those directed specifically to Krafton, Inc. under a prior investment agreement. The emission price is set uniformly at 40.20 PLN per share for all investors, including Krafton. The disclosure is limited to informational purposes only and does not constitute an offer or promotion of the shares. It applies exclusively within the European Economic Area, the United Kingdom, and other jurisdictions where such distribution is permitted to qualified or professional investors. The document contains extensive legal caveats, including restrictions on publication and distribution in the United States, Australia, Canada, Japan, South Africa, and other territories where securities law would prohibit such disclosure. It also clarifies that the shares are not registered under U.S. securities law and cannot be offered or sold in those jurisdictions without exemption. The report outlines the regulatory framework governing the issuance, referencing EU Regulation 2017/1129 and Polish public‑company law. It emphasizes that no prospectus is required and that the information should be used only by eligible investors. The document concludes with standard risk‑disclaimer language, noting that future performance is uncertain and that investors should conduct independent due diligence before making any investment decisions.

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PCF Group

Report

Current Report No. 1/2022: Transactions by Persons Discharging Managerial Responsibilities

The report discloses that on 3 January 2022 the board of PCF Group S.A. received a notification concerning a transaction executed by an individual holding managerial responsibilities, specifically the company’s President of the Board. The notification indicates that on 29 December 2021 this executive acquired shares in PCF Group S.A. The disclosure is made pursuant to Article 19(3) of the MAR regulation, fulfilling regulatory obligations for transparency in insider transactions. The scope is limited to a single transaction involving the company’s top executive and pertains exclusively to share ownership within PCF Group S.A. No additional data such as transaction volume, price, or comparative market impact are provided; the report merely confirms receipt of the notification and attaches it as an annex. Methodologically, the information is sourced directly from regulatory filings submitted by the executive to the relevant supervisory authority. The report serves to inform shareholders and market participants of potential insider activity, ensuring compliance with disclosure requirements under the Markets in Financial Instruments Regulation.

investment europe

PCF Group

Report

Aktualizacja Strategii Nowe Otwarcie

The strategic update, titled "Nowe Otwarcie," outlines the growth trajectory and operational evolution of PCF Group, a prominent developer specializing in AAA action games and Unreal Engine technology. The primary objective of this strategy is to transition the company from a work-for-hire model toward a self-publishing powerhouse. By leveraging its established reputation as a developer of high-quality shooter games, the group aims to scale its operations significantly between 2023 and 2027, targeting a 4.9-fold increase in revenue and a substantial expansion of its workforce to over 1,200 employees. The company’s current operational footprint spans two continents, with seven development studios located in Poland, the United Kingdom, Canada, and the United States. This international structure supports a team of over 600 professionals who utilize a proprietary framework designed to automate and accelerate production processes. The development pipeline is robust, consisting of four primary projects—Gemini, Dagger, Bifrost, and Victoria—alongside three supplementary projects. These initiatives are central to the company’s shift toward the "Games-as-a-Service" model, which incorporates modern monetization strategies such as seasonal passes and microtransactions to ensure long-term engagement and recurring revenue. Financially, the group seeks to capitalize on its historical performance, which saw a 2.4-fold revenue growth between 2018 and 2022. The strategy relies on a combination of operational cash flows, internal funding, and a secondary public offering (SPO) to secure the capital necessary for executing its long-term goals. While the document provides ambitious targets for future financial performance and project delivery, it emphasizes that these projections are subject to inherent market risks and uncertainties. The company maintains a focus on delivering high-level player experiences while fostering an agile, project-based organizational structure to support its transition into a self-publishing entity.

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PCF Group

Report

Raport Bieżący Nr 41/2023: Zawarcie Ugody z OÜ Blite Fund

The report announces that on 21 August 2023, PCF Group S.A. entered into an agreement with OÜ Blite Fund, a limited liability company based in Tallinn, Estonia. Under the settlement, PCF Group S.A. committed to pay Blite Fund 2 050 000,00 złoty as an additional payment for the purchase price of 7 143 900 shares of Incuvo S.A., a company headquartered in Katowice. These shares were originally acquired by PCF Group S.A. through a share sale agreement dated 13 December 2021 between the two parties. The additional payment represents a full settlement of all mutual claims arising from or related to the share sale agreement. The amount will be recorded in PCF Group S.A.’s income statement for the second quarter of 2023. The settlement is made pursuant to Article 17(1) of the MAR regulation, and it follows a prior interim report dated 13 December 2021. The document provides no further methodological details, as it is a straightforward disclosure of the contractual resolution and its financial impact on the company’s quarterly results.

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PCF Group

Report

Current Report No. 40/2023: Execution of Agreements for Series G Share Subscription of PCF Group S.A.

The report discloses that PCF Group S.A., a Warsaw‑based issuer, entered into subscription agreements with investors for 2 510 904 ordinary shares of Series G. Full cash consideration was paid, and the agreements were executed in accordance with Article 17(1) of Regulation (EU) No 596/2014 on market abuse. The disclosure is strictly informational and does not constitute an offer, solicitation or promotional material for the new shares. It applies only to qualified investors within EU member states and the United Kingdom, excluding persons in the United States, Australia, Canada, Japan, South Africa or other jurisdictions where such distribution would violate securities law. The shares are not registered under U.S. securities legislation and cannot be offered or sold in those territories except under specific exemptions such as Regulation S or Rule 144A. The issuer and its managers expressly disavow any liability for the content of the report, and no prospectus is required under the Prospectus Regulation. The document contains forward‑looking statements subject to risks and uncertainties, and it cautions that past performance does not guarantee future results. No investment recommendation is made; investors are urged to conduct independent due diligence before considering participation in the Series G subscription.

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PCF Group

Report

Raport Bieżący Nr 13/2023: Podpisanie Listu Intencyjnego w Przedmiocie Zawarcia Umów Kredytowych

The report announces that on 1 May 2023, People Can Fly Canada Inc. (PCF Canada), a subsidiary of PCF Group S.A., entered into an intent‑to‑borrow agreement with the Bank of Montreal and PCF Group as guarantor. The agreement outlines two revolving credit facilities: a demand facility up to 1 200 000 CAD for working‑capital and general corporate purposes, and a second facility of 8 000 000 CAD earmarked for tax‑relief financing in Canada. PCF Canada committed to provide customary collateral, while PCF Group pledged an unsecured guarantee of 9 200 000 CAD to secure the obligations. The parties agreed to negotiate definitive credit documentation by 30 May 2023, with completion expected around that date. The report clarifies that signing the letter of intent and initiating negotiations does not guarantee final execution of the credit agreements. The disclosure is limited to the Canadian subsidiary and its financing arrangements, covering a single fiscal year’s transaction. No survey or external data sources are cited; the information derives solely from internal corporate communications and regulatory filing requirements under Article 17(1) of MAR.

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PCF Group

Report

Current Report No. 34/2023: Admission and Introduction to Trading of Series E and F Bearer Shares

The report announces the approval and listing of PCF Group S.A.’s bearer shares on the Warsaw Stock Exchange. On 17 July 2023, the Board of GPW adopted resolution 745/2023 permitting 136,104 Series E shares and 3,343,037 Series F shares—each with a nominal value of PLN 0.02—to be traded on the Main Market. The shares will enter circulation from 19 July 2023, contingent upon registration by the National Securities Depository on that date and assignment of the ticker PLPCFGR00010. The announcement is grounded in Article 17(1)(2) and (4) of the 29 March 2018 Ministerial Regulation on ongoing and periodic information from issuers, ensuring compliance with disclosure requirements for non‑EU jurisdictions. The scope is limited to the Warsaw Stock Exchange’s primary market, covering only the two bearer share series of PCF Group. No survey or statistical methodology is presented; the document serves as a regulatory notification rather than an analytical study. The information confirms immediate effect of the GPW resolution and outlines procedural steps for depository registration, thereby enabling market participants to trade the newly listed shares.

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PCF Group

Report

Current Report No. 24/2025: Determination of the Number and Issue Price of Series H Shares

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.

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PCF Group

Report

Raport Bieżący Nr 38/2021: Nieosiągnięcie przez PCF Group S.A. Tantiem ze Sprzedaży Gry „Outriders”

The report, dated 16 August 2021, explains that PCF Group S.A. has not received any royalty payments from Square Enix Limited for the game “Outriders.” According to the production‑and‑publishing agreement signed on 16 February 2016, royalties are payable only after the publisher recovers a specified level of production, distribution and promotion costs from net sales. The agreement also sets a 45‑day payment window following the end of each calendar quarter. That deadline expired on 14 August 2021, and PCF Group’s first working day thereafter yielded no payment. Consequently, the company concludes that the publisher has no obligation to pay royalties for the period covering 1 April 2021 through 30 June 2021. In addition, PCF Group reports that it has not received any sales figures, revenue data or cost information related to “Outriders” from the publisher up to the report’s date. The document serves as a formal notification under Article 17(1) of the MAR regulation, outlining the company’s position on unpaid royalties and lack of transparency from the publisher. No further financial or operational details are provided, and the report focuses solely on the contractual dispute over royalty payments for the specified quarter.

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PCF Group

Report

Internal Division of Tasks and Responsibilities

The internal task and responsibility diagram for PCF Group S.A. outlines the governance structure under a single‑person board headed by the President of the Board. The purpose is to clarify how executive duties are distributed within the company’s management framework, in compliance with Polish corporate governance guidelines and the 2016 Good Practices for Companies listed on the Warsaw Stock Exchange. The document specifies that the board, represented by the President, manages all non‑reserved corporate activities, including legal, financial, and operational matters. It further details the President’s core responsibilities: overseeing day‑to‑day operations, financial management and compliance, legal and accounting oversight, strategic planning including M&A transactions, production supervision across the Group, development team management, contract acquisition and negotiation—particularly for video game publishing agreements—and liaison with licensors. The President also holds authority to establish an internal audit function, appoint auditors, and report audit findings. Governance is governed by the Board’s regulations adopted by the supervisory board, with additional constraints from statutory law, the company’s articles of association, and resolutions by the supervisory board and general meeting. The scope covers all business areas of PCF Group, with a focus on production, development, and licensing within the video‑game sector. The methodology is purely structural, presenting a hierarchical responsibility map rather than empirical data or statistical analysis.

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PCF Group

Report

Raport Bieżący Nr 54/2023: Zawarcie Umowy na Realizację Nowego Projektu

The report announces that PCF Group S.A., headquartered in Warsaw, has decided to launch a new project code‑named “Bison” after conducting market analysis and assessing the company’s production capacity and capital group resources. On 12 November 2023, PCF Group entered into a developer services agreement with its subsidiary Incuvo S.A., based in Katowice, to provide development support for the project. The “Bison” initiative focuses on creating a virtual‑reality (VR) adventure survival video game built on People Can Fly’s proprietary intellectual property. The game will target the most prominent current and upcoming VR hardware platforms, with full production funding provided by PCF Group. The company will oversee the entire development lifecycle, from final product creation to commercialization and market launch, utilizing the Unity engine for game development. The planned release window spans 2024 to 2025, positioning the title within a growing VR gaming segment. The announcement underscores PCF Group’s strategic intent to expand its portfolio into immersive VR experiences, leveraging internal expertise and infrastructure while partnering with a dedicated subsidiary for specialized development services.

game-development adventure europe

PCF Group