Slide 1: People Can Fly FY 2024 Financial Results
PEOPLE owFY WARSAW, APRIL 30th, 2025 PEOPLE™ FY 2024 FINANCIAL RESULTS FINANCIAL RESULTS =
Slide 2: Legal Disclaimer
Rien LEGAL DISCLAIMER This presentation constitutes neither a sales offer nor an invitation to submit an offer to purchase or buy securities or financial instruments issued by PCF Group S.A. (the “Company” or “PCF Group S.A."), nor any advice or recommendation with respect to the securities or other
Slide 3: People Can Fly - 2024 Financial Results
PEOPLE CAN FLY - 2024 FINANCIAL RESULTS
Slide 4: Group as of 31.12.2024: Our Team Over the Years
ee GROUP AS OF 31.12.2024 OUR TEAM OVER THE 186 186 YEARS oo 4, WARSAW © MONTREAL od NEWCASTLE DUBLIN® ® @ WARSAW xatowice @ © RZESZOW HEADQUARTERS STUDIO 2020 2021 2022 2023 2024 PUBLISHING UNIT 2020 2021 2022 2023 2024 Mipevetopers Ml BACKOFFICE |) INCUVO HMlcurope MM NORTH AMERICA Ha 1 GAMEON
Slide 5: Our Portfolio
PEOPLE FLY OUR PORTFOLIO PEOPLE CAN FLY - 2024 FINANCIAL RESULTS
Slide 6: Our Portfolio - AAA Games: Work-for-Hire Projects
Rin OUR PORTFOLIO - AAA GAMES: 4 WORK-FOR-HIRE PROJECTS MAVERICK WORK-FOR-HIRE (“WFH"): IP OWNED BY 1P OWNED BY EXISTING WFH PROJECTS ARE PROGRESSING SQUARE ENIX Microsoft = PROJECT MAVERICK PROGRESSING AS EXPECTED, FULL TEAM = PROJECT GEMINI PROGRESSING BUT COOPERATION WITH SQUARE ENIX IS INFLUENCE
Slide 7: Our Portfolio - AAA Games: Self-Publishing Projects
et OUR PORTFOLIO - AAA GAMES: 2 SELF-PUBLISHING PROJECTS SELF-PUBLISHING Due to unsuccessful outcome of the review of strategic options and lack of new funding for the group, implementation of cost saving measures in Dec. 2024 was necessary SELF-PUBLISHING BIFROST LOST RIFT IP OWNED BY IP OWNED BY P
Slide 8: Announce Trailer
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Slide 9: Lost Rift: Timeline
Rian LOST RIFT: TIMELINE LOST RIFT TIMELINE MARCH 20, 2025} LOST RIFT WAS A OUNCI SPRING FUTURE GAMES OFFICIAL DISCORD WAS LAU SIMULTANEOUSLY IMPACTFUL WEATHER ARTICLE LAUNCHED COMPANY PLAYTEST (200 PLAYERS) aa
Slide 10: Incuvo: VR Projects
Rin INCUVO: 2 VR PROJECTS SUPLEMENTARY PROJECTS Due to change in the global VR business model in 2024 (platforms stopped subsidizing the VR games’ development), PCF Group S.A. decided in March 2025 not to carry any further activities related to development or publishing the VR Games and to focus pur
Slide 11: Financial Results
PEOPLE FLY FINANCIAL RESULTS’ — | PEOPLE CAN FLY - 2024 FINANCIAL RESULTS
Slide 12: Group's Financial Results: Profit and Loss Account
Rin GROUP'S FINANCIAL RESULTS: PROFIT AND LOSS ACCOUNT PEOPLE ca FLY GROUP REVENUE EBITDA* EBITDA (adjusted) NET PROFIT P&L PLN m Hl 2023 1) 2024 * EBITDA = OPERATING PROFIT + DEPRECIATION AND AMORTISATION + IMPAIRMENT INCREASED EBITDA RESULTS FROM: HIGH 2024 REVENUE BASE DUE TO = PROJECT MAVERICK A
Slide 13: Group's Financial Results: Balance Sheet
Rien GROUP'S FINANCIAL RESULTS: BALANCE SHEET GOODWILL DECREASE DUE TO: (FULL, PLN 18.1) WRITE-OFF OF INCUVO ORK IN PROGRESS DECREASE DUE TO; BS + (FULL, PLN 8.1M) PROJECT RED WRITE-OFF PLN m (FULL, PLN 155.0M) PROJECT BIFRSOT WRITE-OFF EQUITY CAPITAL DECREASE DUE TO: NET LOSS RECOGNITION OF PLN 175
Slide 14: 3.5 2.4 20.9 2.5 5.8 4.5 1.3 9.9 2.1 2.4 0.4
3.5 2.4 20.9 2.5 5.8 4.5 1.3 9.9 2.1 2.4 0.4
Slide 15: 13.2 3.3 8.1 6.5 4.0 3.8 73.2 -1.5 -7.4 -1.2 54.9 48.2 40.3 28.8
13.2 3.3 8.1 6.5 4.0 3.8 73.2 -1.5 -7.4 -1.2 54.9 48.2 40.3 28.8 29.0 -39.8 16.5 12.8 -76.4 9.3 11.0 5.1 -165.5 3.0 0.6 -1.7 2.6 -11.3 3M 6M 9M 12M Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 14.5 11.0 70.5 9.6 16.5 51.6 49.7 12.5 11.3 41.3 7.9 27.6 29.7 3.0 -2.4 4.5 -2.5
Slide 16: What's Next
in: FLY ly Wez2 WHAT'S NEXT PEOPLE CAN FLY - 2024 FINANCIAL RESULTS
Slide 17: What's Next: Focus on Cash Flow
Rien WHAT'S NEXT: FOCUS ON CASH FLOW CASH IN WFH PROJECTS = NEW WH PROJECT WITH SONY INTERACTIVE ENTERTAINMENT LLC = COMPANY IS ACTIVE IN NEW BUSINESS DEVELOPMENT AND NEW WFH OPPORTUNITIES ARE BEING EVALUATED. TARGET: TWO NEW PROJECTS TO BE SIGNED THIS YEAR SELF-PUBLISHING = RELEASE OF PROJECT BISON
Slide 18: Q&A
PEOPLE FLY Q&A PEOPLE CAN FLY - 2024 FINANCIAL RESULTS
Slide 19: Thank You
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