Consolidated Quarterly Report: Q1 2025

1. 01
   The company experienced a net loss of 3,855 thousand PLN in Q1 2025, a significant increase from the 864 thousand PLN net loss in Q1 2024.See it on page 40
2. 02
   Revenue from sales decreased substantially from 56,881 thousand PLN in Q1 2024 to 9,492 thousand PLN in Q1 2025.See it on page 40
3. 03
   The company is gradually withdrawing from VR game publishing, with the last project, Bison, scheduled for release in Q4 2025.See it on page 33
4. 04
   Work on Project Victoria, a self-published game, has resumed with an accelerated early access release planned for 2025, supported by an experienced development team primarily in Canada.See it on page 34
5. 05
   The company began a new collaboration with Sony Interactive Entertainment LLC on March 13, 2025, to produce a prototype for a new video game, Project Delta, with revenue recognition starting in Q1 2025.See it on page 32
6. 06
   Net cash flow decreased significantly, with a net outflow of 24,110 thousand PLN in Q1 2025 compared to 6,809 thousand PLN in Q1 2024.See it on page 13
7. 07
   Sebastian Wojciechowski holds 41.71% of the company's share capital as of March 31, 2025, and is the CEO.See it on page 24

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