Slide 1: CD PROJEKT GROUP H1 2025 Earnings
CD PROJEKT GROUP H1 2025 Earnings 28 AUGUST 2025 Michał Nowakowski | J O I N T C H I E F E X E C U T I V E O F F I C E R , M E M B E R O F T H E B O A R D Piotr Nielubowicz | C H I E F F I N A N C I A L O F F I C E R , M E M B E R O F T H E B O A R D Karolina Gnaś | V I C E P R E S I D E N T , I N V
Slide 2: The Witcher 4 Tech Demo showcase
The Witcher 4 Tech Demo showcase Setting new open-world standards with Unreal Engine 5 2
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Slide 4: Cyberpunk 2077: Ultimate Edition on Nintendo Switch 2
Cyberpunk 2077: Ultimate Edition on Nintendo Switch 2 Copies sold in June 2025 - channel split (24.6%) (75.4%) Digital Physical [sell in] 4
Slide 5: Cyberpunk 2077 Ultimate Edition released on Apple Silicon Mac
ULTIMATE Cesitieny RELEASED ON JULY 17, 2025 FOR APPLE SILICON MAC MODELS, 16GB+ gos) @ steam [BM STORE
Slide 6: New on PlayStation Plus Game Catalog Extra
ad PlayStation.Plus NEW ON GAME CATALOG EXTRA
Slide 7: Franchise Flywheel
| FRANCHISE FLYWHEEL TRANSMEDIA CORE GAMING EXPERIENCE EXTENDED GAMING EXPERIENCE MERCHANDISE LICENSING Products and services developed by third party under a license granted by CD PROJEKT 7 (incl. location-based entertainment) 7
Slide 8: Development teams engaged in ongoing projects
Development teams engaged in ongoing projects No. of developers April 30, 2025 422 96 48 19 131 14 730 July 31, 2025 444 116 51 22 149 17 799 The Witcher 4 Cyberpunk 2 Sirius Hadar Shared Services* Other projects** *e.g. Localization, Quality Assurance, Data, Insights & Experiences, Artificial Intell
Slide 9: Financial Results of the Group
Financial Results OF THE CD PROJEKT GROUP 9
Slide 10: CD PROJEKT GROUP — Profit and loss account
CD PROJEKT GROUP — Profit and loss account CD PROJEKT GROUP RED GOG eliminations H1 2025 vs. H1 2025 vs. H1 2024 H1 2025 H1 2025 H1 2025 H1 2025 H1 2024 [PLN] H1 2024 [%] Sales revenue 424 683 443 039 355 442 94 304 -6 707 18 356 4% Sales of products and services 344 401 340 176 336 496 820 2 860 -4
Slide 11: CD PROJEKT GROUP – assets
CD PROJEKT GROUP – assets Assets 31.12.2024 30.06.2025 change change % Non-current assets 1 574 164 1 841 892 267 728 17% Expenditure on development projects 695 421 897 726 202 305 29% – New development during H1 2025 230 501 – Amortization during H1 2025 28 196 Other financial assets * 292 137 321
Slide 12: CD PROJEKT GROUP – equity and liabilities
CD PROJEKT GROUP – equity and liabilities Equity and liabilities 31.12.2024 30.06.2025 change change % Equity 2 800 667 2 877 876 77 209 3% Liabilities 241 757 316 323 74 566 31% Liabilities 120 827 209 862 89 035 74% Deferred income 16 840 31 553 14 713 87% Provisions 104 090 74 908 -29 182 -28% To
Slide 13: CD PROJEKT RED research, development & product maintenance costs
CD PROJEKT RED Research, development & product maintenance costs 160 000 140 000 120 000 100 000 80 000 60 000 40 000 20 000 0 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Cost of product maintenance - released products (P&L - Selling costs) Research works costs - new projects (P&L - G&A costs) D
Slide 14: Changes in cash, deposits & bonds
CD PROJEKT GROUP Changes in cash, deposits & bonds 47 424 -63 756 55 429 2 675 -241 990 154 956 196 728 1 472 034 Cash flow excluding development expenses during H1 2025: +196 728k PLN Total decrease including development expenses during H1 2025: -45 262k PLN 1 426 772 Cash, deposits Net profit Amorti
Slide 15: Thank you
Thank you ir@cdprojekt.com karolina.gnas@cdprojekt.com 15
Slide 16: Legal Disclaimer
Legal Disclaimer This presentation was created by CD PROJEKT S.A. (“CD PROJEKT”). Data contained in this presentation is valid as of the day of its preparation. Consequently, this presentation will not be subject to changes, updates or modifications to account for events which might occur after this