GGG left with NZ$22.6 mil cash (down from NZ$60.8m)

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Kopogero#0635 wrote:

@ArtCrusade#4438

Your argument was expected and predicted, but what you did miss is how that revenue you're arguing was maintained, and it was by GGG SPENDING / INVESTING that cash to deliver PoE2 and everything else for PoE1.

Sixjoy clearly is cashing out as much and ASAP on their investment, leaving GGG with 13 mil USD at disposal for both games, or in other words back to becoming that same indie company it once was.

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Kopogero#0635 wrote:

@GhostRequiem#3657,

With a simple google search there's news sites from New Zealand https://www.nbr.co.nz/tech/grinding-gear-games-pays-nearly-100m-to-100-chinese-owner/ including on Wikipedia https://en.wikipedia.org/wiki/Grinding_Gear_Games how Grinding Gear Games paid almost NZ$100 million in dividends to Tencent in 2025, so much for "trust me bro".

...and no, its investors won't happily keep handing significant cash, investing more unless there's a certain and significant returns on it, which GGG has to prove with the remaining cash they have at disposal, and now with more hired employees to maintain both games.

PoE1 + PoE2 combined now in these expanded markets / regions and on console most likely generates similar revenue what PoE1 did years ago. What I'm saying is the company didn't grow in value as it spent more cash, while also hiring more employees that are needed for maintenance / continued development of both games.

The fact both PoE1 + PoE2 early access after a year continues to experience a significant drop in retention, which can be seen from my post above is not going to convince the investors to make investments, especially significant ones. It makes sense why GGG is on a tight schedule with both games, as well as what the PoE1 only enjoyers didn't receive during the holiday season, like GGG hosted events or from streamers like the Gauntlet.

For a company that's using a F2P monetizing model it solely depends on retention for support and if PoE1 + PoE2 continue to lose most of its playerbase within the first out of four months it's not making a convincing case to its parent company / investors. Example, PoE2 0.3 + 0.4 I have around few hours total play time combined, while PoE1 3.28 I convinced myself to enjoy it for around a month at best.

Finally, GGG doesn't have anymore new markets / countries / regions it can expand to advertise and sell its product, which means retaining the current will be even more important.

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Kopogero#0635 wrote:

@GhostRequiem#3657

Which part you're missing when it clearly states GGG is left with 22.6 mil NZD in cash, which was disclosed in July 2025 AFTER all expenses and then the 97.8 NZD paid to Sixjoy / Tencent in dividends.

This is also the best and most accurate info available, because that financial statement that was SUPPOSED to be publicly available as you claim from September / October of 2024 until the same period of 2025 wasn't disclosed (which included PoE2 early access) and I know why, but others clearly don't yet, but they're welcomed to educate themselves to figure that part.

I opened this thread, because it would be useful to the community to understand from a financial perspective where the company is now, why and what to expect going forward, so they can make decisions based on that. We all want to be optimistic with hope for what we care, especially given how many of us have supported this particular game and company, and significantly more than any other.

Have a nice day (or evening now) to you as well.

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Kopogero#0635 wrote:

Which part you're missing when it clearly states GGG is left with 22.6 mil NZD in cash, which was disclosed in July 2025 AFTER all expenses and then the 97.8 NZD paid to Sixjoy / Tencent in dividends.

This is also the best and most accurate info available, because that financial statement that was SUPPOSED to be publicly available as you claim from September / October of 2024 until the same period of 2025 wasn't disclosed (which included PoE2 early access)