Slide 1: Investor Presentation - FY 2025
INVESTOR PRESENTATION - FY 2025
Slide 2: FY 2025 Key Highlights
FY 2025 KEY HIGHLIGHTS TOP GAMES – FY 2025 Revenues in m USD Q4 2025: strongest quarter since Q1 2024 — turnaround confirmed 1. Darts Club 9.89 Revenue USD 29.9% q/q, 18.8% y/y; 2. Hunt Royale 7.07 Margin USD (as revenue less platform fees and UA 40.0% q/q, 22.4% y/y 3. Car Sales Simulator 3.34
Slide 3: Mini Golf Club | PvP Multiplayer
MINI GOLF CLUB | PvP Multiplayer Launch: 05.01.2026 Initial KPIs similar to Darts Club 2M Positive ROI after 30 days: 25% Downloads on GP & Appstore 92k Average DAU 39% D1 Retention 14% D7 Retention
Slide 4: Mobile Games Segment
MOBILE GAMES SEGMENT Q4 2025 USD 15.9M 22.3% q/q Q1 2026 USD 18.1M 13.8% q/q REVENUES ($M) * The presented revenues do not include the value of the adjustment from the soft launch phase, which, in accordance with the accounting principles of the Group, are capitalized as development expenditures
Slide 5: Mid-Core & Casual
MID-CORE & CASUAL Q4 2025 USD 8.4M in Mid-Core & Casual revenue 33.3% q/q) Revenue less UA USD 4.4M in Q4 2025 22.2% q/q) REVENUES & USER ACQUISITION ($M) The data presented for Q1 2026 comes from the Groupʼ current reports
Slide 6: Hyper-Casual
HYPER-CASUAL Q4 2025 USD 7.4M in HC revenue 13.8% q/q) USD 3.0M revenue less UA in Q4 36.4% q/q) REVENUES & USER ACQUISITION ($M) The data presented for Q1 2026 comes from the Groupʼ current reports
Slide 7: Variable Costs
VARIABLE COSTS Q4 2025 USD 10.9M variable costs 21.1% q/q) Revenue less variable costs:USD 5.5M in Q4 37.5% q/q) MAIN VARIABLE COSTS ($M) REVENUES REDUCED BY VARIABLE COSTS ($M)
Slide 8: Costs
COSTS Q4 2025 USD 5.2 M operating costs stable despite new launch activity (3.7% q/q, 5.5% y/y) Decrease in personnel costs (7.1% q/q, 7.1% y/y) DIRECT COSTS BLOCKCHAIN PROJECTS COSTS ($M) REDUCED BY THE MAIN VARIABLE COSTS ($M)
Slide 9: Capital Expenditures
CAPITAL EXPENDITURES USD 1.6M investment expenditures in Q4 2025 15.8% q/q) 60.3% of total capex is for MidCore & Casual games CAPEX AND INVESTMENTS STRUCTURE OF INVESTMENTS (USD M) (CAPEX AND P&L) IN Q4 2025
Slide 10: One Offs in Q4 2025
ONE OFFS IN Q4 2025 Write-downs ADC ● USD 1.3M 100% wartości posiadanych udziałów (wpływ wyłącznie na sprawozdanie skonsolidowane) Games ● USD 0.5M - value of development expenditures (impact on consolidated financial statement , 1,3 mln PLN in the separate financial statement) Revenues BoomLand ●
Slide 11: Financial Results
FINANCIAL RESULTS Strong reversal of the negative trend Q/Q results improved in the mobile games segment - EBITDA 54.2%, net result 227.1% ADJUSTED EBITDA ($M) ADJUSTED NET PROFIT ($M) MOBILE GAMES* Q3 2025 Q4 2025 CHANGE % 2024 2025 CHANGE % Revenues 12,829 15,954 24.4% 51,988 54,231 4.3% EBITDA
Slide 12: Conclusions | Perspectives 2026
CONCLUSIONS | PERSPECTIVES 2026 Reversing the negative trend Over USD 2.6M in adjusted EBITDA* in Q4 2025 — best quarter in 2025 Portfolio strengthening confirmed by results of new titles Big Helmets October 2025 USD 1.79M in Q4 2025 Mini Golf Club January 2026 immediately became top 3 contrib
Slide 13: Thank You for Your Attention!
Thank You for Your Attention!