PCF Group

Game Co.

601 documents

Documents

Zasady Subskrypcji w związku z emisją i ofertą akcji zwykłych serii G: PCF Group S.A.

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.

investment funding ipo+1

PCF Group

Report

Current Report No. 35/2021: Conditional Registration of Series D Bearer Shares

The report announces that on 3 August 2021 the National Securities Depository (KDPW) conditionally registered 387,714 bearer shares of Series D issued by PCF Group S.A., a Warsaw‑based company. Each share carries a nominal value of 0.02 PLN and is identified by the ISIN PLPCFGR00010. The registration is contingent upon the shares being listed on a regulated market, where other PCF Group shares under the same ISIN are already traded. The announcement follows § 17(1)(1) of the Minister of Finance Regulation dated 29 March 2018, which governs ongoing and periodic information disclosures by securities issuers. The company’s board confirms that the conditional registration will be communicated through a KDPW operational notice. This brief communication serves to inform market participants of the impending availability of Series D shares, subject to regulatory listing requirements, thereby ensuring transparency and compliance with Polish securities disclosure obligations.

investment funding europe

PCF Group

Report

Annual Consolidated Financial Statement: 2020

ZAKONCZONY 31 GRUDNIA 2020 ROKU SKONSOLIDOWANE SPRAWOZDANIE Z SYTUACJI FINANSOWEJ .......................................................... 3 SKONSOLIDOWANE SPRAWOZDANIE Z WYNIKU ...................................................................................... SKONSOLIDOWANE SPRAWOZDANIE Z WYNIKU I POZOSTAŁYCH CAŁKOWITYCH DOCHODÓW ...... 6 SKONSOLIDOWANE ZESTAWIENIE ZMIAN W KAPITALE WŁASNYM .......................................................

investment europe

PCF Group

Report

Management Board Report on the Activities of PCF Group Capital Group and PCF Group S.A.: 2020

SPRAWOZDANIE ZARZADU Z DZIALALNOSCI GRUPY KAPITALOWEJ PCF GROUP SPÓLKA AKCYJNA ORAZ SPOLKI PCF GROUP SPOEKA AKCYJNA (dane w tys. zł, chyba że zaznaczono inaczej) Niniejsze Sprawozdanie z działalności Grupy Kapitałowej PCF Group S.A. i spółki PCF Group S.A. w 2020 r. zostało sporządzone na podstawie § 70 ust. 1 pkt 4, 6, 7 oraz § 71 ust. 1 pkt 4, 6, 7 Rozporządzenia Ministra Finansów z dnia 29.03.2018 r.

investment europe pc+1

PCF Group

Report

Raport Bieżący nr 51/2023: Wstrzymanie Negocjacji Umowy Produkcyjnej

The report informs stakeholders that the production agreement negotiations for the virtual‑reality action/combat game code‑named “Dolphin” have been indefinitely suspended. The PCF Group S.A., headquartered in Warsaw, had previously entered a non‑binding letter of intent with a prominent U.S. entertainment company on 17 June 2023 to develop the game for VR platforms. On 22 September 2023, the publisher notified the company that work on the project would be halted permanently. Informal discussions suggest the decision is linked to ongoing industry strikes in the United States, creating uncertainty within the entertainment sector. Consequently, all negotiations regarding the production agreement have been put on hold. The report covers a single geographic region—Poland and the United States—and focuses exclusively on the video‑game development segment, specifically virtual reality action titles. No survey or statistical methodology is employed; the information is based on direct communication between company representatives and the publisher. The primary conclusion is that external labor disputes have disrupted the partnership, leading to a suspension of contractual negotiations and project development.

game-development mergers-acquisitions vr+2

PCF Group

Report

Półroczne sprawozdanie zarządu z działalności Grupy Kapitałowej: H1 2021

WARSZAWA, 29 WRZ ŚNIA 2021 ROKU sp ółka akcyjna ~~2 1~~ Za okres 1.01.2021 – 30.06.2021 r. 29 WRZE ŚNIA PCF Półroczne sprawozdanie z działalności Grupy Kapitałowej PCF Group Spółka Akcyjna 2 0 oraz spółki PCF Group Spółka Akcyjna za okres 1.01.2021 – 30.06.2021 r. GROUP (dane w tys. zł, chyba że zaznaczono inaczej) ~~2 1~~ Niniejsze Półroczne sprawozdanie Zarządu z działalności Grupy Kapitałowej PCF Group S.A.

market-analysis game-development game-publishing+1

PCF Group

Report

Wyniki Finansowe 1H25: Warszawa

The presentation outlines PCF Group S.A.’s financial performance for the first half of 2025, focusing on revenue trends, profit calculations, and portfolio developments across its global operations. Revenues have shown a gradual decline from 2021 to 2024, with cumulative figures falling from PLN 190.4 m in 2021 to PLN 171.5 m by the end of 2024, and quarterly revenue in Q1‑2025 recorded at PLN 58.5 m. EBITDA has been negatively impacted by lower sales on the Gemini project and a delayed Bulletstorm VR launch, resulting in an adjusted EBITDA loss of PLN 11.3 m for 2024 and a projected loss of PLN 33.3 m in 2025 after accounting for new projects such as Echo and Delta, as well as write‑downs related to the PCF Chicago subsidiary. The group’s workforce is distributed across two continents, with 534 employees in Warsaw and additional teams in Montreal, Newcastle, Dublin, Katowice, and Rzeszów. Back‑office development is handled by Incuvo Studio Europe and North America, while publishing responsibilities are shared with the QA Gameon division. Portfolio highlights include the upcoming co‑op release of Green Hell on Meta Quest platforms and a VR shoot‑to‑survive title slated for Q4 2025. The presentation emphasizes that these releases are the last VR titles to be published by PCF Group, signalling a strategic shift. Overall, the data suggest a contraction in revenue and profitability driven by project delays and market adjustments, with future performance hinging on the successful launch of new VR titles and cost management initiatives.

market-analysis investment pc+2

PCF Group

Report

Current Report No. 22/2023: Production and Publishing Agreement with Microsoft Corporation

The report announces that on 13 June 2023 PCF Group S.A. entered into a Development and Publishing Agreement with Microsoft Corporation to produce and deliver an AAA‑grade title, code‑named Project Maveric k. The agreement designates Microsoft as the publisher and outlines a production schedule in a Product Appendix that details key milestones. PCF Group will develop the game under a work‑for‑hire model, with intellectual property rights retained by Microsoft. Funding is fully provided by the publisher and will be released as each milestone is achieved, with a total budget ranging from $30 million to $50 million. The contract follows standard industry terms for this type of partnership and does not contain any atypical provisions. The agreement aligns with PCF Group’s strategic update issued on 31 January 2023, which stated the company would pursue attractive work‑for‑hire collaborations with reputable partners. The project is geographically focused on the United States, given Microsoft’s headquarters in Redmond, Washington, and targets the global AAA gaming market. No survey or external data sources are cited; the report is a straightforward disclosure of contractual arrangements and financial commitments.

game-development game-publishing mergers-acquisitions+1

PCF Group

Report

Śródroczne skonsolidowane sprawozdanie finansowe: Q1 2022

(dane w tys. zł, chyba że zaznaczone inaczej) AL. SOLIDARNOCI 171 TEL +48 22 887 34 30 (dane w tys. zł, chyba że zaznaczone inaczej) Grupa Kapitałowa PCF Group Spółka Akcyjna – wybrane dane w przeliczeniu na EUR PLN EUR od 01.01 do od 01.01 do od 01.01 do od 01.01 do 31.03.2022 r. 31.03.2021 r. 31.03.2022 r. 31.03.2021 r.

investment europe game-development+1

PCF Group

Report

Report on the Review of the Condensed Interim Financial Statement: 2023

The report presents the conclusion of a review conducted by Grant Thornton Polska on PCF Group Spółka Akcyjna’s condensed interim financial statements for the period ending 30 June 2023. The review covered the balance sheet, income statement, statement of comprehensive income, changes in equity and cash‑flow statement for the first half of 2023, along with selected explanatory notes. The statements were prepared in accordance with International Financial Reporting Standard 34 and the European Commission’s regulatory framework for interim reporting. The engagement followed the National Standard of Review 2410, equivalent to International Standards on Review Engagements. The review involved inquiry procedures directed at the company’s finance and accounting personnel, analytical testing, and other review procedures. Because a review provides only limited assurance, the auditors do not express an opinion on the financial statements but state that no material issues were identified that would lead them to believe the statements are not prepared in all material respects according to IFRS 34. The scope of the review is limited to the interim period and does not extend to a full audit. No specific data points or financial metrics are disclosed in the summary, as the report focuses on the assurance level rather than detailed performance figures. The conclusion is dated 21 September 2023 and signed by the lead auditor, Jan Letkiewicz.

investment europe market-analysis

PCF Group

Report

Current Report No. 3/2025: Disclosure of Delayed Inside Information Regarding PCF Group S.A. Negotiations with Sony Interactive Entertainment LLC

PCF Group S.A. has officially disclosed the commencement of negotiations with Sony Interactive Entertainment LLC regarding a Prototype Development Agreement for a new video game project, codenamed Project Delta. This disclosure follows the formal execution of the agreement on March 13, 2025. The partnership is structured under a work-for-hire model, wherein the developer will produce a prototype based on intellectual property owned by the publisher in exchange for milestone-based compensation. The company initially delayed the public announcement of these negotiations on February 6, 2025, citing regulatory provisions under the Market Abuse Regulation. Management determined that immediate disclosure at that time posed a risk to the company’s legitimate interests, specifically regarding potential interference from competitors during the negotiation phase. Furthermore, the uncertainty surrounding the final outcome of the talks necessitated a delay to prevent market misinformation and potential volatility in the company’s valuation. This strategic move aligns with the company’s broader corporate strategy, updated in early 2023, which prioritizes securing work-for-hire collaborations with reputable industry partners. While the agreement follows standard industry practices for prototype development, the company emphasizes that the initiation of these negotiations did not guarantee a successful final contract at the time of the initial decision. The company maintained strict confidentiality protocols throughout the delay period, including the active monitoring of insider lists to ensure regulatory compliance. Future updates regarding the finalization of the project will be provided in subsequent disclosures.

investment game-development europe

PCF Group

Report

Aktualizacja ram czasowych realizacji Strategii

People Can Fly Group has updated its long-term strategic framework, maintaining core objectives while adjusting project timelines and financial targets for the 2024–2028 period. The company now plans to release its self-published project, Bison, in 2025, followed by early access launches for projects Bifrost and Victoria in 2026. To support these operations, the company aims to maintain a workforce of approximately 370 full-time equivalents for its work-for-hire segment through 2028. The updated financial strategy targets at least 3.3 billion PLN in total revenue between 2024 and 2028, with a projected growth trajectory that scales from 5% of this total in 2025 to 33% by 2028. Management has suspended dividend recommendations until at least the 2026 fiscal year, contingent upon achieving positive financial results from self-publishing activities. Furthermore, the development of a previously proposed incentive program tied to 1.5 billion PLN in cumulative EBITDA has been paused pending the outcome of an ongoing strategic review. Execution of these goals is strictly dependent on securing approximately 350 million PLN in new financing during 2025 and 2026. Should this funding not materialize, or if specific work-for-hire project conditions remain unmet, the company is evaluating alternative scenarios, including the potential transition of the Bifrost or Victoria projects into the work-for-hire model. These updates reflect a recalibration of the company’s operational roadmap as it navigates capital requirements and project development milestones.

investment funding europe

PCF Group