Skonsolidowany Raport Półroczny: H1 2025

1. 01
   The company experienced a net loss of 21,274 PLN in H1 2025, an increase from a 33,289 PLN net loss in H1 2024. Operating loss also worsened from 35,805 PLN in H1 2024 to 19,666 PLN in H1 2025.See it on page 56
2. 02
   The company faced significant financial challenges, including the inability to secure approximately 350 million PLN in financing by Q4 2024, leading to a strategic shift to balance self-publishing investment with work-for-hire revenue.See it on page 17
3. 03
   Key project developments include production agreements with Sony Interactive Entertainment LLC (Project Delta), continued work with Microsoft Corporation (Project Maverick) and Krafton Inc. (Project Echo, Project Zulu).See it on page 65
4. 04
   The company halted work on Project Gemini (with Square Enix Limited) and suspended Project Bifrost (self-publishing) due to cost optimization, resulting in a significant reduction of over 50 employees from the Bifrost development team.See it on page 90
5. 05
   An impairment write-down of 5,967 thousand PLN was recorded for goodwill related to a development team previously employed by People Can Fly Chicago, LLC.See it on page 45
6. 06
   The company's share capital increased from 411,284 PLN on June 30, 2024, to 442,750 PLN on January 1, 2024, with a net loss of 31,466 PLN for the period of January 1 to June 30, 2024.See it on page 57
7. 07
   People Can Fly Canada Inc. secured renewed credit facilities with Bank of Montreal, including up to 1,200 thousand CAD for operational needs and up to 11,954 thousand CAD for pre-financing tax credits, with the parent company's guarantee increasing to 13,154 thousand CAD.See it on page 45

PlayWay S.A. Articles of Association (Consolidated Text, 2026)

PlayWay · 2026