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ZA ROK 0BROTOWY ZAKONCZONY 31 GRUDNIA 2024 ROKU Grupa Kapitałowa PCF Group Spółka Akcyjna WYBRANE DANE W PRZELICZENIU NA EUR PLN EUR 31.12.2024 r. 31.12.2023 r. 31.12.2024 r. 31.12.2023 r. Sprawozdanie z sytuacji finansowej Aktywa 373 353 513 461 87 375 118 091 Zobowiązania długoterminowe 20 862 32 321 ...

WARSZAWA | 30 WRZENIA 2024 ROKU PEOPLE PÓEROCZNE SPRAWOZDANIE ZARZADU Z DZIAEALNOSCI GRUPY KAPITALOWEJ PCF GROUP S.A. ORAZ SPÓEKI PCF GROUP S.A. ZA 0KRES 01.01.2024 - 30.06.2024 za okres 01.01.2024 – 30.06.2024 r. (dane w tys. zł, chyba że zaznaczono inaczej) Niniejsze półroczne sprawozdanie z działalności Grupy Kapitałowej PCF Group S.A. i spółki PCF Group S.A. za okres 01.01.2024 – 30.06.2024 r. zostało sporządzone na podstawie § 70 ust. 1 pkt 4, 6, 7 oraz § 71 ust.

The review confirms that the condensed interim consolidated financial statements of PCF Group Spółka Akcyjna, prepared for the period ending 30 June 2024 and presented in accordance with International Financial Reporting Standard 34, appear to have been prepared without material misstatement. The audit was performed under Polish National Standard 2410, equivalent to the International Standard on Review Engagements, and involved inquiry procedures, analytical reviews, and other review activities directed at financial and accounting personnel. The scope of the engagement is limited to a reasonable assurance that no material issues have been identified, and therefore an audit opinion was not expressed.

Key disclosures highlighted in the management’s notes include significant uncertainty regarding the Group’s ability to continue as a going concern. Management has undertaken actions to secure additional financing to support its strategy of developing and publishing proprietary games, though the outcome remains uncertain. The review notes that no modifications were made to the auditor’s conclusions regarding this matter.

Another focus of the notes is the Group’s intangible assets related to work in progress on new games, valued at PLN 165,284 thousand as of 30 June 2024. Management asserts that these assets meet IAS 38 criteria for capitalization, contingent on the availability of sufficient financial resources. A five‑year cash‑flow forecast underpins this valuation, but the auditor cautions that its feasibility depends on future events that are not guaranteed.

The review covers the Polish market, specifically PCF Group’s operations in Warsaw and its consolidated entities. No audit procedures beyond the review scope were performed, and no assurance is provided that all material matters have been disclosed.

WARSZAWA | 26 LISTOPADA 2024 ROKU (dane w tys. zł, chyba że zaznaczone inaczej) PEOPLE ZAKOCZONY 30 WRZENIA 2024 ROKU (dane w tys. zł, chyba że zaznaczone inaczej) Grupa Kapitałowa PCF Group Spółka Akcyjna WYBRANE DANE W PRZELICZENIU NA EUR PLN EUR 30.09.2024 r. 31.12.2023 r. 30.09.2024 r. 31.12.2023 r.

ZA ROK OBROTOWY ZAKONCZONY 31 GRUDNIA 2024 ROKU wybrane dane w przeliczeniu na EUR PLN EUR 31.12.2024 r. 31.12.2023 r. 31.12.2024 r. 31.12.2023 r. Sprawozdanie z sytuacji finansowej Aktywa 315 161 502 508 73 756 115 572 Zobowiązania długoterminowe 7 303 12 382 1 709 2 848 Zobowiązania krótkoterminowe ...

(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 2024 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.

The assessment confirms that PCF Group S.A.’s 2024 annual financial statements, both standalone and consolidated, provide a reliable and transparent depiction of the company’s assets, liabilities, equity, income, and cash flows as of 31 December 2024. The statements comply with International Financial Reporting Standards (IFRS) and related European Union regulations, and are based on properly maintained accounting records. The independent auditor’s opinion affirms the statements’ accuracy, consistency with applicable laws and statutes, and adherence to IFRS. The supervisory board’s review of the management report and corporate governance declaration also concludes that these documents accurately reflect the group’s performance, development, and financial position without material misstatement. The board’s evaluation covers all statutory requirements under Polish accounting law, confirming that the reports meet legal and regulatory standards. The assessment was conducted by the supervisory board following a review of the auditor’s reports, management disclosures, and a videoconference with the lead auditor. Signatories from the supervisory board, including the chairperson and five members, formally endorse the findings on 29 April 2025. The document therefore serves as a formal confirmation that PCF Group S.A.’s 2024 financial reporting is complete, compliant, and trustworthy for stakeholders.

Sprawozdanie Grant ThorntonPolskaP.S.A. ul. Abpa Antoniego Baraniaka 88 E niezależnego 61-131 Poznań biegłego rewidenta T +48 61 62 51 100 Dla Akcjonariuszy PCF Group Spółka Akcyjna Sprawozdanie z badania rocznego skonsolidowanego sprawozdania finansowego Przeprowadziliśmy badanie rocznego skonsolidowanego sprawozdania finansowego Grupy Kapitałowej (Grupa Kapitałowa), w której jednostką dominującą jest PCF Group Spółka Akcyjna (Spółka Dominująca) z siedzibą w Warszawie...

The audit report confirms that PCF Group Spółka Akcyjna’s 2024 financial statements, prepared under International Financial Reporting Standards and European regulatory requirements, present a true and fair view of the company’s financial position as of 31 December 2024. The audited figures show total assets of PLN 42,225 thousand and equity of PLN 18,893 thousand after a write‑down for investments in subsidiaries. Revenue from contracts with customers reached PLN 166,457 thousand, while assets and liabilities related to such contracts were valued at PLN 9,580 thousand and PLN 5,808 thousand respectively. The audit identified key areas of significant judgment: valuation of contract assets and liabilities, impairment testing for investments in dependent entities, and capitalization of development costs for new games. In each case, the auditor performed substantive procedures including policy reviews, contract analysis, and discounted cash flow calculations to obtain sufficient evidence. The report also highlights uncertainty surrounding deferred tax assets of PLN 52,659 thousand due to projected future tax outcomes. Management’s responsibility for ongoing operations and internal controls is affirmed, with no material misstatement detected in the accompanying activity report or corporate governance statement. The audit was conducted in accordance with Polish and EU auditing standards, with the auditor maintaining independence throughout. Overall, the report delivers a clean opinion on the financial statements and related disclosures for the 2024 reporting period.

Warszawa | 1 GRUDNIA 2025 ROKU PEOPLE ZAKOŃCZONY30 WRZEŚNIA 2025 ROKU (dane w tys. zł, chyba że zaznaczone inaczej) Grupa Kapitałowa PCF Group Spółka Akcyjna WYBRANE DANE W PRZELICZENIU NA EUR PLN EUR 30.09.2025 r. 31.12.2024 r. 30.09.2025 r. 31.12.2024 r.

WarSzawa | 30 WRZESNIA 2025 ROKU PEOPLE PÓŁROCZNE SPRAWOZDANIE ZARZĄDU Z DZIAŁALNOŚCI GRUPY KAPITAŁOWEJ PCF GROUP S.A. ORAZ SPÓŁKI PCF GROUP S.A. KAPITALOWEJ PCFGROUP S.A. ORAZSPÓEKI PCF GROUP S.A. ZA OKRES 01.01.2025- 30.06.2025 ZA 0KRES 01.01.2025 - 30.06.2025 za okres 01.01.2025–30.06.202 5r.(dane w tys. zł, chyba że zaznaczono inaczej) Niniejsze półroczne sprawozdanie z działalności Grupy Kapitałowej PCF Group S.A. i spółki PCF Group S.A. za okres 01.01.2025 – 30.06.2025 r.

Warszawa | 30 WRZESNIA 2025 ROKU PEOPLE ZA OKRES 01.01.2025- 30.06.2025 Grupa Kapitałowa PCF Group Spółka Akcyjna WYBRANE DANE W PRZELICZENIU NA EUR PLN EUR 30.06.2025 r. 31.12.2024 r. 30.06.2025 r. 31.12.2024 r.

The letter explains that 2024 was a challenging year for the video‑game industry and for PCF Group S.A., prompting decisive actions to protect financial stability. In April, the company discontinued the Dagger project after a partner withdrawal and recorded a 100 % write‑off of its costs, followed by the cancellation of Red in September. These decisions reduced consolidated earnings for the first half of 2024 and lowered fixed‑asset values by PLN 7.7 million. The board also halted work on Victoria and Bifrost in December, laying off over 120 employees; a PLN 154.964 million impairment was booked for Bifrost, while Victoria’s costs were retained due to an upcoming early‑access release.

To counter market headwinds, the board launched a strategic options review in August aimed at securing external investment or restructuring. The effort failed, leaving the group to reassess short‑ and long‑term plans. Concurrently, the company tightened its self‑publishing pipeline, focusing on work‑for‑hire (WFH) contracts. In early 2024, a short‑term agreement with Square Enix for Gemini led to a workforce reduction of 30 staff, yet the project’s revenue only covered direct costs. New WFH deals were secured with Krafton (Echo), Sony Interactive Entertainment (Delta), and Microsoft (Project Maverick), bolstering revenue streams.

The VR segment was largely exited, with Incuvo’s Bison slated as the final title. Game On, another subsidiary, saw limited improvement in 2024‑25. Overall, the letter acknowledges losses and staff cuts but stresses a commitment to rebuilding through strategic partnerships, focused development on AAA action titles, and continued investment in high‑quality games for a global audience.

The review confirms that the consolidated interim financial statements for PCF Group Spółka Akcyjna, covering the period from 1 January to 30 June 2025, have been prepared in accordance with International Financial Reporting Standard 34 for interim reporting as adopted by European Union regulations. No material misstatements or omissions were identified during the review, which was conducted in accordance with Polish Standard 2410 (the local equivalent of International Standard on Review Engagements). The review involved inquiry procedures directed at financial and accounting personnel, analytical procedures, and other review activities. Because the scope of a review is narrower than that of an audit, no assurance is provided beyond the conclusion that nothing has come to the reviewers’ attention that would lead them to believe the statements are not prepared in all material respects.

Key disclosures highlighted include a valuation test for a cash‑generating unit related to capitalised development costs for a new game, with uncertainties noted regarding the assumptions underpinning projected cash flows and actual sales under an early‑access model. Additionally, a deferred tax asset of PLN 53,543 thousand is subject to uncertainty due to potential changes in the group’s tax‑profit forecasts over a five‑year horizon, reflecting doubts about the feasibility of current strategic plans. No modifications to these disclosures were recommended by the reviewers.

The review covers the entire PCF Group, headquartered in Warsaw, and was completed on 30 September 2025 by Grant Thornton Polska Prosta Spółka Akcyjna, a member of the Grant Thornton International network.

The report outlines PCF Group S.A.’s compliance with detailed corporate governance principles required by the Warsaw Stock Exchange regulations. It confirms that the company adheres to all “Good Practices” for listed companies, except where specific circumstances prevent full implementation. The governance framework is evaluated against seven key principles covering board responsibilities, risk management, audit independence, shareholder communication, and conflict‑of‑interest policies.

Key findings reveal that the single‑member board limits the ability to publish a detailed internal division of responsibilities and risk‑management oversight, though the company intends to adopt these practices if the board expands. Financial transparency is partially met; the firm plans to provide five‑year financial summaries in a machine‑readable format, noting that earlier reports were prepared under national accounting standards and recent ones under IFRS. A formal diversity policy is absent, with recruitment based solely on qualifications and experience rather than demographic criteria.

Shareholder engagement practices are largely compliant, with real‑time webcast provision for registered participants and a commitment to publish meeting recordings if demand arises. The company does not maintain a separate internal audit function but relies on an Audit Committee that meets independence criteria. Conflict‑of‑interest procedures are acknowledged in statutes, though detailed internal guidelines remain undeveloped.

The report covers the Polish market, focusing on PCF Group’s operations in 2020. Methodology is descriptive, based on board disclosures and regulatory requirements rather than external sampling. Overall, the company demonstrates a largely compliant governance posture while identifying areas for future enhancement as its board structure and operational scope evolve.

PCF GROUP SA (1/2022) PCF Group Spółka Akcyjna - informacja o stanie stosowania Na podstawie par. 29 ust. 3 Regulaminu Giełdy Papierów Wartościowych w Warszawie S.A. PCF Group Spółka Akcyjna przekazuje informację o stanie stosowania Dobrych Zarząd spółki PCF Group S.A. z siedzibą w Warszawie ("Spółka") przekazuje informację o zmianie sposobu stosowania zasad 1.6. i 2.4. Dobrych Praktyk 2021 oraz o wystąpieniu okoliczności uzasadniających zmianę treści wyjaśnień dla zasad 4.7., 4.8. oraz 4.9.1.

PCF GROUP SA ( 2/2022) PCF Group Spółka Akcyjna - informacja o stanie stosowania Dobrych Praktyk 2021 Na podstawie par. 29 ust. 3 Regulaminu Giełdy Papierów Wartościowych w Warszawie S.A. PCF Group Spółka Akcyjna przekazuje informację o stanie stosowania Dobrych Spółka niniejszym informuje o rozpoczęciu stosowania zasad 4.1. oraz 4.3. DPSN 2021. POLITYKA INFORMACYJNA I KOMUNIKACJA Z INWESTORAMI 1.1.

PCF GROUP SA (1/2023) PCF Group Spółka Akcyjna – informacja o stanie stosowania Na podstawie par. 29 ust. 3 Regulaminu Giełdy Papierów Wartościowych w Warszawie S.A. PCF Group Spółka Akcyjna przekazuje informację o stanie stosowania Dobrych Spółka niniejszym informuje o rozpoczęciu stosowania zasad 3.3, 3.4, 3.6, 3.8 i 3.10 oraz o zmianie treści wyjaśnień w zakresie niestosowania lub sposobu stosowania zasad 2.1, 3.1, 3.2, 3.5 i 3.9 DPSN 2021.

The report announces that on 15 December 2020 the Warsaw Stock Exchange (GPW) adopted resolution 981/2020, authorizing PCF Group S.A. to list specific securities on the GPW primary market. The listed instruments include 2,062,512 ordinary bearer shares of Series A with a nominal value of PLN 0.02 each; 25,437,488 Series A shares subject to conversion into ordinary bearer shares; 2,062,512 ordinary bearer shares of Series B contingent on a capital increase resulting from their issuance; and 2,062,512 rights to ordinary bearer shares of Series B. All issuances carry a nominal value of PLN 0.02 per share or right.

The resolution became effective immediately upon adoption, enabling the securities to commence trading on the GPW. The announcement is framed within the legal basis of § 17(1)(2) of the Minister of Finance Regulation dated 29 March 2018, which governs current and periodic disclosures by issuers of securities. The document serves to inform shareholders and market participants that the company’s Series A and B shares, along with associated rights, are now eligible for trading on a regulated market. No additional data such as pricing, volume, or investor impact metrics are provided; the focus remains on regulatory compliance and the formal listing of the specified securities.

The report announces that on 17 December 2020 the board of PCF Group S.A., headquartered in Warsaw, entered into the Electronic System for Information Transfer (ESPI). This action fulfills the legal requirement set out in § 11(1) of the ESPI usage regulations, thereby authorizing the company to transmit information through the system from that date onward. The document serves as an official notification of compliance with statutory obligations concerning electronic data exchange within the Polish corporate framework. It confirms that PCF Group S.A. has met the necessary procedural steps to become an ESPI participant, enabling it to submit required filings and communications electronically. No additional data or analysis is provided; the report functions solely as a compliance statement for regulatory purposes.