Semi-annual Financial Statements of Asseco Business Solutions S.A.

Semi-annual Financial Statements

Asseco Business Solutions S.A.

for the Six Months Ended 30 June 2025

assecobs.pl/inwestor

Contents

Selected financial data of Asseco Business Solutions S.A 4

Interim profit and loss account and statement of other comprehensive income of Asseco Business Solutions S.A 6

Interim balance sheet of Asseco Business Solutions S.A 7

Interim statement of changes in equity of Asseco Business Solutions S.A 10

Interim statement of cash flows of Asseco Business Solutions S.A 10

Explanatory notes to the condensed interim financial statements 12

1. Basic information 12

2. Basis for the preparation of these condensed interim financial statements and the accounting rules (policies) 14

   1. Basis for the preparation 14

   2. Impact of the political and economic situation on the territory of Ukraine on the Company's business

      . 14

   3. Statement of compliance 14

   4. Functional currency and presentation currency 15

   5. Estimates and professional judgement 15

   6. Accounting rules applied 16

   7. New standards and interpretations that have been published and not yet in force 16

3. Information on operating segments 18

4. Explanatory notes to the condensed interim financial statements 20

   1. Explanatory notes to the profit and loss account and statement of other comprehensive income 20

      1. Structure of operating revenues 20

      2. Structure of operating expenses 21

      3. Financial revenues and expenses 22

      4. Tax on profit or loss 23

      5. Earnings per share 24

      6. Information on dividends paid 24

   2. Notes to the balance sheet 26

      1. Property, plant and equipment 26

      2. Intangible property 26

      3. Right-of-use assets 27

         Asseco Business Solutions S.A.

         Semi-annual Financial Statements for the Six Months Ended 30 June 2025

         2

      4. Investment in subsidiaries 27

      5. Inventories 28

      6. Other assets 28

      7. Prepayments 28

      8. Receivables and assets from contracts with customers 29

      9. Cash and deposits 30

      10. Own shares 30

      11. Bank loans 31

      12. Lease liabilities 31

      13. Liabilities under contracts with customers; trade liabilities and other liabilities 32

      14. Accruals and deferrals 34

      15. Related party transactions 34

   3. Other explanatory notes 35

      1. Additional explanations to cash flow statement 35

      2. Contingent liabilities 36

      3. Headcount 36

      4. Seasonality and cyclicality 37

      5. Significant events after the balance sheet date 37

      6. Significant events concerning previous years 37

      7. Signatures of Management Board Members 37

Asseco Business Solutions S.A.

Semi-annual Financial Statements for the Six Months Ended 30 June 2025

3

‌Selected financial data of Asseco Business Solutions S.A.

The following table contains selected financial data of Asseco Business Solutions S.A.

Selected financial data presented in these condensed interim financial statements has been converted into the EURO as follows:

• the Company's cash position at the end of the current reporting period and at the end of the comparable period is translated at the average exchange rate announced by the National Bank of Poland on the balance sheet date,

• on 30 June 2025, 1 EUR = 4.2419 PLN,

• on 31 December 2024, 1 EUR = PLN 4.2730,

• selected items from the semi-annual statements of comprehensive income and the semi-annual statements of cash flows are translated at the exchange rate being the arithmetic average of the average exchange rates announced by the National Bank of Poland on the last day of each month,

• In the period from 1 January to 30 June 2025: EUR 1 = PLN 4,2208,

• In the period from 1 January to 30 June 2024: EUR 1 = PLN 4,3109.

All amounts given in the financial statements are expressed in thousands of Polish złotys (PLN), unless stated otherwise.

Asseco Business Solutions S.A.

Semi-annual Financial Statements for the Six Months Ended 30 June 2025

4

Condensed Interim Financial Statements

for the Six Months Ended 30 June 2025

prepared in accordance with IAS 34 Interim Financial Reporting approved by the EU

‌Interim profit and loss account and statement of other comprehensive income of Asseco Business Solutions S.A.

‌Interim balance sheet of Asseco Business Solutions S.A.

Interim balance sheet of Asseco Business Solutions S.A.

‌Interim statement of changes in equity of Asseco Business Solutions S.A.

As at 30 June 2025

(unaudited)

167,091

62,543

(25,106)

130,397

334,925

As at 1 January 2024 167,091 62,543 - 149,626 379,260

‌Interim statement of cash flows of Asseco Business Solutions S.A.

Paid tax on profit or loss (3,437) (7,832)

Receipts from obtained loans 24,171 -

‌Explanatory notes to the condensed interim financial statements

1. ‌Basic information

   Basic information about the Company

Name Asseco Business Solutions S.A.

Registered office ul. Konrada Wallenroda 4c, 20-607 Lublin

KRS 0000028257

Business ID REGON: 017293003

TIN/NIP 522-26-12-717

Core activity Other programming activities

Asseco Business Solutions S.A. ("Company," "Issuer," "Asseco BS") was established under a Notarial Deed dated 18 May 2001. The Company was established for an indefinite period of time.

Asseco Business Solutions S.A. is part of the international Asseco Group, a Europe-leading vendor of proprietary software. The Group is a constellation of enterprises engaged in the advancement of information technology and is present in 65 countries around the world, including most European countries and the USA, Canada, Israel, and Japan.

The comprehensive offering of Asseco Business Solutions S.A. includes ERP systems that support business processes in SMEs, a suite of applications for small-company management, programs optimizing the HR area, mobile SFA applications for the mobile workforce marketed Europe-wide, data exchange platforms, and programs handling factoring transactions.

Asseco Business Solutions S.A. operates two own Data Centres whose capacity parameters meet the highest standards of security, reliability and effectiveness of systems operation. All products designed by Asseco Business Solutions S.A. are based on the knowledge and expertise of experienced professionals, proven project methodology and the use of tomorrow's information technology tools. With the high quality products and related services, the software from Asseco BS has been successful in supporting the operations of tens of thousands of companies. The Company's track record covers dozens of completed software deployments in Poland and in most European countries.

The direct parent of Asseco Business Solutions S.A. is Asseco Enterprise Solutions a.s., headquartered in Bratislava, Slovakia, which holds 46.47% of the Company's shares. The parent of the entire Group is Asseco Poland S.A. which holds indirectly through subsidiaries 95.12% of shares in Asseco Enterprise

Solutions a.s. As regards Asseco Business Solutions S.A., the decision of maintaining control over the six months ended 30 June 2025 in accordance with IFRS 10 was based on the following factors:

• decisions at the General Meeting are taken by a simple majority of votes present at the meeting;

• the Company's shareholding is dispersed and, apart from Asseco Enterprise Solutions a.s. (a subsidiary of Asseco Poland S.A.), there are only two shareholders holding more than 5% of votes at the General Meeting; the largest shareholder holds 11.94% of votes, while the third largest one 10.06% of votes;

• there is no evidence that there is or was any agreement by or among any of the shareholders as to the joint voting at the General Meeting;

• within the last five years, i.e. from 2021 to 2025, the percentage of shareholders present at the General Meetings ranged from 69.36% to 76.36%. This means that shareholders' activity is relatively low or moderate. Considering that Asseco Enterprise Solutions a.s. currently holds 47.05% of the total number of votes at the General Meeting, the attendance would have to exceed 94.11% (excluding own shares) for Asseco Enterprise Solutions a.s. not to have the absolute majority of vote at the General Meeting. In the opinion of the Management Board, such a level of attendance is highly unlikely.

Given the above, in the opinion of Asseco Business Solutions S.A., despite the lack of an absolute majority in the share capital of the Company, Asseco Enterprise Solutions a.s. controls the Company within the meaning of IFRS 10.

1. ‌Basis for the preparation of these condensed interim financial statements and the accounting rules (policies)

   1. ‌Basis for the preparation

      These condensed interim financial statements have been prepared in accordance with the historical cost accounting model, except for financial assets measured at fair value through profit or loss or through other comprehensive income, financial liabilities measured at fair value through profit or loss.

      These condensed interim financial statements have been prepared on the understanding that Asseco Business Solutions S.A. intends to continue as a going concern for the period of no less than 12 months as of 30 June 2025. At the date of approval of these interim financial statements, no fact or circumstances were identified that might pose a threat to the Company's going concern.

      These condensed consolidated interim financial statements do not include all information and disclosures required in annual financial statements and should be read in conjunction with the financial statements of Asseco Business Solutions S.A. made public on 3 March 2025.

   2. ‌Impact of the political and economic situation on the territory of Ukraine on the Company's business

      At the time of publication of these condensed interim financial statements, the Company did not report any significant impact of the war in Ukraine and sanctions imposed against Russia on the Company's operations. Asseco Business Solutions S.A. does not conduct any significant business operation in Russia, Belarus, or Ukraine. The Company does not employ personnel in Ukraine; that is why, the warfare in the territory of Ukraine do not impact the Company directly. The situation does not affect these financial statements directly, either.

      However, the Company cannot rule out a scenario that in the event of a prolonged global political and economic unrest and its negative impact on the domestic and global economy, this may have an adverse effect on the Company's operations or financial results, yet, at this point, it is not possible to determine to what extent or on what scale. Given the circumstances, the Company attempts to lessen the possible negative impact of the situation on future financial results.

      If the Management Board find that the Company's operations need to be adapted to new market conditions, it will take appropriate action.

   3. ‌Statement of compliance

      These condensed interim financial statements have been prepared in accordance with International Accounting Standard 34 "Interim Financial Reporting", as adopted by the European Union ("IAS 34").

      The scope of these condensed interim financial statements as part of the quarterly report is in line with the Regulation of the Minister of Finance of 29 March 2018 on current and periodic information provided by issuers of securities and on the conditions for recognition as equivalent of the information required by the laws of a non-member state (consolidated text: Journal of Laws of 2018, No. 33, item 757)

      ("Regulation") and covers a reporting period of six months from 1 January to 30 June 2025 and the corresponding period of 1 January to 30 June 2024 for the income statement, cash flow statement, and statement of changes in equity, respectively, as well as the balance sheet as at 30 June 2025 and the comparable data as at 31 December 2024.

      The figures for the quarter from 1 April to 30 June 2025 and the corresponding period in 2024 were calculated as the difference between the cumulative data for the semi-annual period and the data disclosed in the quarterly consolidated financial statements of Asseco Business Solutions S.A. for the period ended 31 March 2025 and published on 29 April 2025. The interim statement of profit or loss account and the interim statement of other comprehensive income, together with the relevant notes, covering the data for the three-month period ended 30 June 2025 and comparative data for the three-month period ended 30 June 2024, have not been subject to review or audit by a statutory auditor.

      The interim financial results may not reflect the full realizable financial result for the financial year.

   4. ‌Functional currency and presentation currency

      These separate and condensed financial statements are presented in zloty ("PLN") and all values, unless specified otherwise, are expressed in thousands of PLN. The functional currency of Asseco Business Solutions S.A. is also the Polish złoty. Possible differences in the total amount of up to PLN 1 thousand result from adopted roundings.

      Transactions denominated in currencies other than the Polish złoty are translated upon initial recognition into Polish złotys at the rate applicable on the date of transaction.

      As at the balance sheet date:

      • monetary items are translated using the closing rate, i.e. the average exchange rate for the currency announced by the National Bank of Poland on this day,

      • non-cash items measured at historical cost in a foreign currency are translated using the exchange rate on the date of the original transaction,

      • non-cash items measured at fair value in a foreign currency are translated using the exchange rate on the date of determining the fair value.

        For the purpose of the balance sheet valuation, the following EUR and USD rates were adopted (and parallel rates for other currencies quoted by the National Bank of Poland):

      • exchange rate effective on 30 June 2025, 1 EUR = 4.2419 PLN

      • exchange rate effective on 30 June 2024, 1 EUR = 4.3130 PLN

      • exchange rate effective on 30 June 2025, 1 USD = 3.6164 PLN

      • exchange rate effective on 30 June 2024, 1 USD = 4.0320 PLN

   5. ‌Estimates and professional judgement

      The preparation of financial statements in concert with the International Financial Reporting Standards ("IFRS") requires estimates and assumptions that affect the amounts indicated in the financial statements. Although the estimates and assumptions are based on the Management's best knowledge of the current activities and events, the actual results may differ materially from those projected.

      In the six months ended 30 June 2025, there were no major changes to the method of making estimates compared with the standards described in the Company's financial statements for the year ended 31 December 2024.

   6. ‌Accounting rules applied

      A description of significant accounting rules applied by the Issuer is included in the financial statements for the year ended 31 December 2024 - published on 3 March 2025.

      The accounting rules (policies) used to prepare these condensed interim financial statements are consistent with those applied in preparing the Issuer's financial statements for the year ended day 31 December 2024.

      New standards or changes effective from 1 January 2025:

      • Amendments to IAS 21: The Effects of Changes in Foreign Exchange Rates: Lack of Exchangeability (published on 15 October 2023) - applicable to annual periods beginning on or after 1 January 2025.

      The amended standards and interpretations applicable for the first time in 2025 do not have a significant impact on the Company's condensed interim financial statements.

   7. ‌New standards and interpretations that have been published and not yet in force

      New standards and interpretations issued by the International Accounting Standards Board or the International Financial Reporting Interpretations Committee that have been published and not yet in force:

      • IFRS 18: Presentation and Disclosure in Financial Statements (published on 9 May 2024) - not approved by the EU until the date of approval of these financial statements -applicable to annual periods beginning on or after 1 January 2027;

      • IFRS 19: Subsidiaries without Public Accountability: Disclosures (published on 9 May 2024) - not approved by the EU until the date of approval of these financial statements -applicable to annual periods beginning on or after 1 January 2027;

      • Amendments to IFRS 9 and IFRIS 7: Contracts Referencing Nature-dependent Electricity (published on 18 December 2024) - applicable to annual periods beginning on or after 1 January 2026;

      • Amendments to IFRS 9 and IFRIS 7: Amendments to the Classification and Measurement of Financial Instruments (published on 30 May 2024) - applicable to annual periods beginning on or after 1 January 2026;

      • Annual Improvements, Volume 11 (published on 18 October 2024) - applicable to annual periods beginning on or after 1 January 2026.

      The effective dates are based on the standards published by the Financial Reporting Council. The dates of application in the European Union may differ from the dates of application resulting from the content of the standards and are announced at the time of EU's approval for application.

      The Company is currently analysing how the introduction of these standards and interpretations may influence the financial statements and on the Company's accounting rules (policy).

2. ‌Information on operating segments

   In accordance with IFRS 8, an operating segment is a distinguishable component of the Company, for which separate financial information is available that is reviewed regularly by the operations management responsible for the resource allocation and assessment of performance.

   For the management purposes, the Company has been divided into segments reflecting its manufactured products and rendered services. Based on that, the Management Board have identified the ERP systems segment which accounts for more than 96% of total Company's revenues. Other activities do not meet the quantitative thresholds imposed by IFRS 8 and are not isolated as segments. Changes in the size and significance of developed products and provided services may result in a change of composition of operating segments.

   The ERP Systems segment includes ERP solutions for enterprise management, in-house SFA and FFA mobile solutions intended for companies operating through mobile workforce, and sales support systems for the retail industry. The solutions are based on the Oracle and Microsoft technology, and in the case of Macrologic S.A., on the original MacroBASE database system. These applications support business processes and information flow processes, covering most areas of the business, including: finance and accounting, personnel management, HR and payroll, logistics and WMS, mobile and retail sales in chains of stores, production and Internet applications. The systems provide a number of management tools: advanced reporting instruments and Business Intelligence solutions. The technological capacity of the systems enable their deployment in various network architectures (including WAN) and combination with specialized software and hardware. None of the customers accounted for 10% or more of the Company's revenue.

   The "Unallocated" item shows sales that cannot be allocated to the Company's main business segment, the cost of goods sold (COGS) related to unallocated sales and the operating costs of the organisational unit responsible for unallocated sales.

   The Management Board monitors the operating results in separate segments in order to make decisions about allocating resources, assessing the impact of this allocation, and performance. The financing of the Company (including financial income and expenses) and income tax are monitored at the Management Board level, hence these items are not allocated to the segments.

   The table below shows the key values reviewed by the main decision-making body in the Company, i.e. the Management Board. The Management Board does not analyse cash flows by segment, either.

   Transaction prices used in transactions between operating segments are determined on the arm's length basis as in transactions with unrelated parties.

   3 months to 30 June 2025 ERP segment Unallocated Total PLN thou. PLN thou. PLN thou.
   Sales to external customers	100,548	5,506	106,054
   Settlements between segments	-	-	-
   Gains on sales from reported segment 23,748 658 24,406
   Amortisation/depreciation	(9,895)	(49)	(9,944)
   Intangible assets recognised during the settlement of combination allocated to segment	264	-	264

   Goodwill from combinations assigned to segment 252,879 - 252,879

   6 months to 30 June 2025 ERP segment Unallocated Total PLN thou. PLN thou. PLN thou.
   Sales to external customers	205,015	9,396	214,411
   Settlements between segments	-	-	-
   Gains on sales from reported segment 53,670 927 54,597
   Amortisation/depreciation	(19,585)	(102)	(19,687)
   Intangible assets recognised during the settlement of combination allocated to segment	264	-	264
   Goodwill from combinations assigned to segment	252,879	-	252,879
   3 months to 30 June 2024	ERP segment PLN thou.	Unallocated PLN thou.	Total PLN thou.
   Sales to external customers	93,790	7,711	101,501
   Settlements between segments	-	-	-
   Gains on sales from reported segment 24,923 922 25,845
   Amortisation/depreciation	(9,873)	(56)	(9,929)
   Intangible assets recognised during the settlement of combination allocated to segment	575	-	575
   Goodwill from combinations assigned to segment	252,879	-	252,879
   6 months to 30 June 2024	ERP segment PLN thou.	Unallocated PLN thou.	Total PLN thou.
   Sales to external customers	188,699	12,621	201,320
   Settlements between segments	-	-	-
   Gains on sales from reported segment 51,036 1,301 52,337
   Amortisation/depreciation	(19,506)	(110)	(19,616)
   Intangible assets recognised during the settlement of combination allocated to segment	575	-	575
   Goodwill from combinations assigned to segment	252,879	-	252,879

3. ‌Explanatory notes to the condensed interim financial statements

   1. ‌Explanatory notes to the profit and loss account and statement of other comprehensive income

      1. ‌Structure of operating revenues

         Operating revenues in the period of three and six months ended 30 June 2025 and in the comparative period were as follows:

         3 months to

         30 June 2025

         PLN thou.

         6 months to

         30 June 2025

         PLN thou.

         3 months to 6 months to

         30 June 2024 30 June 2024

         PLN thou. PLN thou.

         Operating revenues by type

         Licences and own services 100,683 204,951 93,824 188,629

         Licences and external services 3,520 6,495 6,261 9,436

         Equipment and infrastructure 1,851 2,965 1,416 3,255

         Operating revenues total

         106,054

         214,411

         101,501

         201,320

         Revenues from contracts with customers in total operating revenues according to the method of recognition in profit and loss account

         3 months to

         30 June 2025

         PLN thou.

         6 months to 3 months to 6 months to

         30 June 2025 30 June 2024 30 June 2024

         PLN thou. PLN thou. PLN thou.

         Income from contracts with customers recognized in accordance with IFRS 15

         From goods or services provided at a specified time, including:

         12,227

         27,400

         13,883

         28,509

         ERP segment	7,065	18,643	6,476	16,476
         Unallocated	5,162	8,757	7,407	12,033

         From goods or services provided over time, including:

         93,827

         187,011

         87,618

         172,811

         ERP segment	93,483	186,372	87,314	172,223
         Unallocated	344	639	304	588
         Operating revenues total	106,054	214,411	101,501	201,320
         Structure of operating revenues by country of generation
         	3 months to 30 June 2025	6 months to 30 June 2025	3 months to 30 June 2024	6 months to 30 June 2024
         	PLN thou.	PLN thou.	PLN thou.	PLN thou.
         Poland	92,329	186,149	89,893	177,602
         ROW, including:	13,725	28,262	11,608	23,718
         - Austria	4,003	8,154	1,968	4,152

         - Switzerland	2,246	4,867	2,243	4,064
         - France	2,016	4,184	1,827	3,608
         - Germany	1,682	3,355	2,019	3,874
         - The Netherlands	802	1,838	978	2,197
         - Romania	593	1,169	620	1,122
         - Sweden	482	812	17	34
         - United Kingdom	320	696	377	1,420
         - Bulgaria	274	524	232	534
         - Italy	253	496	267	505
         - Czechia	216	418	194	432
         - Slovakia	189	371	301	301
         - Spain	106	216	145	288
         - Baltics (Lithuania, Latvia, Estonia)	-	-	70	143
         - other	543	1,162	350	1,044
         	106,054	214,411	101,501	201,320

         This information on revenue is based on data on customers' headquarters.

      2. ‌Structure of operating expenses

         3 months to 6 months to 3 months to 6 months to 30 June 2025 30 June 2025 30 June 2024 30 June 2024
         	PLN thou.	PLN thou.	PLN thou.	PLN thou.
         Operating expenses
         Value of goods and external services sold	(4,629)	(8,458)	(6,339)	(10,716)
         Employee benefits, including:	(53,972)	(107,074)	(47,569)	(96,239)
         Cost of transactions with employees settled through equity instruments (3,985) (7,455) - -
         Amortisation/depreciation	(9,944)	(19,687)	(9,929)	(19,616)
         External services	(9,856)	(18,707)	(8,453)	(16,256)
         Other	(3,247)	(5,888)	(3,366)	(6,156)
         Total (81,648) (159,814) (75,656) (148,983)
         Own cost of sales	(65,360)	(127,988)	(62,254)	(122,302)
         including: Allowance/reversal for expected credit losses in respect of trade receivables	(12)	62	(236)	(241)
         Cost of sales	(5,611)	(11,509)	(5,948)	(11,360)
         General and administrative expenses	(10,677)	(20,317)	(7,454)	(15,321)
         Total	(81,648)	(159,814)	(75,656)	(148,983)

         The table below presents employee benefit expenses for the three- and six-month periods ended 30 June 2025 and for the respective comparative periods:

         3 months to 6 months to 3 months to 6 months to 30 June 2025 30 June 2025 30 June 2024 30 June 2024
         	PLN thou.	PLN thou.	PLN thou.	PLN thou.
         Remuneration	(40,477)	(79,893)	(38,908)	(78,567)
         Employee benefits, including:	(8,845)	(18,396)	(8,008)	(16,364)
         Social security expenses	(7,308)	(15,290)	(6,696)	(13,734)
         Cost of transactions with employees settled through equity
         instruments	(3,985)	(7,455)	-	-
         Other costs of employee benefits	(665)	(1,330)	(653)	(1,308)
         Total cost of employee benefits	(53,972)	(107,074)	(47,569)	(96,239)

         On 23 September 2024, the Supervisory Board of Asseco Business Solutions S.A. adopted the regulations of the Executive Incentive Scheme for the Members of the Management Board and key Company executives. Next, scheme entry agreements were concluded between the parties. The scheme covers three financial years of the Company, i.e. 2024-2026, subject to the condition that it will be put in place no later than 31 December 2027. The scheme is implemented from a pool of 600,000 own shares purchased by the Company, which constitutes 1.7954% of the Company's equity. Detailed information on the share-based payment scheme is presented in Item 4.2 of the Notes to the Annual Financial Statements of Asseco Business Solutions S.A. for 2024 and made public on 3 March 2025.

         The Company has two share-based payment schemes under IFRS 2. The schemes are settled through equity instruments.

         The award of shares to scheme participants for the 12-month period ended 31 December 2024 was carried out in the reporting period based on the financial data used to prepare the financial statements for 2024, as audited by a statutory auditor. The number of shares granted to Members of the Management Board amounted to 158,112, while the number of shares granted to key Company executives amounted to 25,185.

         These financial statements of Asseco Business Solutions S.A. for the six months ended 30 March 2025 included the cost of two schemes totalling PLN 7,455 thousand. The counter-entry for the transaction was recognised under a separate equity item.

      3. ‌Financial revenues and expenses

         The structure of financial income in the period of three and six months ended 30 June 2025 and in the comparable period was as follows:

         Financial revenues

         3 months to 6 months to 3 months to 6 months to

         30 June 2025 30 June 2025 30 June 2024 30 June 2024

         PLN thou.

         PLN thou.

         PLN thou.

         PLN thou.

         Interest income from bank deposits measured

         through amortized cost

         530 995 832 1,424

         Positive exchange differences (58) - (14) 62

         Profit from realisation/valuation of derivatives	107	107	76	97
         Total	579	1,102	894	1,583
         Financial expenses in the three and six months ended 30 June 2025 and in the comparable period were as follows:
         Financial expenses	3 months to 30 June 2025	6 months to 30 June 2025	3 months to 30 June 2024	6 months to 30 June 2024
         	PLN thou.	PLN thou.	PLN thou.	PLN thou.
         Interest expense on lease	(393)	(744)	(524)	(855)
         Other interest expense	-	-	(4)	(10)
         Negative exchange rates	(49)	(49)	-	-
         Total	(442)	(793)	(528)	(865)

         Exchange gains and losses are presented net (as a surplus of positive over negative or vice versa).

      4. ‌Tax on profit or loss

         The main components of the corporate income tax burden (current and deferred):

         3 months to 6 months to 3 months to 6 months to 30 June 2025 30 June 2025 30 June 2024 30 June 2024
         	PLN thou.	PLN thou.	PLN thou.	PLN thou.
         Current income tax	(3,540)	(4,646)	(3,772)	(6,962)
         Deferred tax	1,258	358	464	681
         Tax expense reported in profit and loss	(2,282)	(4,288)	(3,308)	(6,281)

         3 months to 6 months to 3 months to 6 months to

         30 June 2025 30 June 2025 30 June 2024 30 June 2024

         PLN thou.

         PLN thou.

         PLN thou.

         PLN thou.

         Presented below is the reconciliation of income tax to pre-tax accounting income at the statutory tax rate, with the income tax calculated according to the effective tax rate.

         Accounting income from continuing operations 24,945 55,536 26,401 53,407 Applicable corporate income tax rate

         19% 19% 19% 19%

         Income tax at applicable statutory tax rate

         4,740

         10,552

         5,016

         10,147

         Use of tax-deductible tax allowances (R&D relief)
         	(1,565)	(3,084)	(1,625)	(3,267)
         SFRD	95	181	75	149
         IP BOX relief	(507)	(2,177)	(393)	(1,248)
         Other fixed differences	(481)	(1,184)	235	500

         Tax expense reported in profit and loss

         2,282

         4,288

         3,308

         6,281

         The effective tax rate in the six months ended 30 June 2025 was 7.7 % compared to 11.8 % in the comparable period.

      5. ‌Earnings per share

         Following the purchase of 600,000 own shares on 19 September 2024 and the subsequent award of 183,297 Company shares to participants of the incentive scheme on 26 March 2025, the weighted average number of ordinary shares was determined as follows:

         • in the period from 1 January to 26 March 2025, 32,818,193 shares were included in the calculations (less own shares),

         • in the period from 27 to 30 June 2025, 33,001,490 shares were included in the calculations (plus shares awarded under the incentive scheme that were no longer own shares).

         Based on the above, the weighted average number of shares in the 6-month period ended 30 June 2025 was calculated at 32,915,411 own shares.

         The data below covers earnings and shares that were used in calculating the basic and diluted earnings per share:

         	3 months to	6 months to	3 months to	6 months to
         	30 June 2025	30 June 2025	30 June 2024	30 June 2024
         Weighted average number of issued ordinary shares used to calculate basic earnings per share (per piece)	33,001,490	32,915,411	33,418,193	33,418,193
         Net profit for the reporting period (in PLN thou.)	22,663	51,248	23,093	47,126
         Net profit per share (in PLN)	0.69	1.56	0.69	1.41

         During the reporting period as well as in the comparable period, there were no elements diluting the basic earnings per share.

      6. ‌Information on dividends paid

         Pursuant to the decision of the Ordinary General Meeting of Shareholders of Asseco Business Solutions

         S.A. on 29 April 2025, the net profit for the financial year 2024 in the amount of PLN 115,026 thousand was divided as follows:

         • part of the net profit for the year 2024 in the amount of PLN 110,280 thousand was earmarked for distribution among the shareholders, i.e. for the payment of the dividend in the amount of PLN 3.30 per share; this amount will be further reduced by the product of the amount of dividend per share and the number of the Company's own shares held by the Company on the dividend date, i.e. PLN 1,375 thousand;

         • the reminder of the net profit for 2024, amounting to PLN 4,746 thousand, increased by the product of the dividend per share and the number of the Company's own shares to

         be held by the Company on the dividend date, was allocated to retained earnings and other equity.

         The dividend date was set on 22 May 2025 and the dividend payment date on 5 June 2025. The Company did not make advance payments for the 2024 dividend.

         Pursuant to the decision of the Ordinary General Meeting of Shareholders of Asseco Business Solutions

         S.A. of 27 June 2024, the net profit for the financial year 2023 in the amount of PLN 95,030 thousand was divided as follows:

         • part of the net profit for the year 2023 in the amount of PLN 86,887 thousand was earmarked for distribution among the shareholders, i.e. for the payment of the dividend in the amount of PLN 2.60 per share;

         • the reminder of the net profit for 2023 in the amount of PLN 8,143 thousand was transferred to retained earnings and other equity.

         The dividend date was set on 5 July 2024 and the dividend payment date on 16 July 2024. The Company did not make advance payments for the 2023 dividend.

   2. ‌Notes to the balance sheet

      1. ‌Property, plant and equipment

         Changes in net worth of property, plant and equipment in the period of the six months ended 30 June 2025 and in the comparable period were attributed to the following:

         	6 months to 30 June 2025 PLN thou.	6 months to 30 June 2024 PLN thou.
         Net value of fixed assets as at 1 January	48,089	45,033
         Increase through:	1,641	6,234
         Purchase and upgrade	1,641	6,234
         Depreciation allowance for reporting period	(4,846)	(4,559)
         Sales and liquidation	(304)	(182)
         Net value of fixed assets as at 30 June	44,580	46,526

      2. ‌Intangible property

         Changes in net worth of property, plant and equipment in the period of six months ended 30 June 2025 and in the comparable period were attributed to the following:

         	6 months to 30 June 2025 PLN thou.	6 months to 30 June 2024 PLN thou.
         Net value of intangible property as at 1 January	44,526	37,030
         Increase through:	13,325	14,345

         Capitalized costs of ongoing development projects 13,228 14,196

         Decrease through: (10,028) (10,552)

         Depreciation allowance for reporting period	(10,028)	(10,552)
         Net value of intangible assets as at 30 June	47,823	40,823
         Purchase	97	149

         Goodwill

         Goodwill shown in the condensed interim financial statements includes goodwill created from the merger of Asseco Business Solutions S.A., Safo Sp. z o.o., Softlab Sp. z o.o., Softlab Trade Sp. z o.o. and WA-

         PRO Sp. z o.o., goodwill on consolidation resulting from the merger of Asseco Business Solutions S.A. with Anica System S.A. and Macrologic S.A.

         	30 June 2025	31 Dec 2024
         	PLN thou.	PLN thou.
         Goodwill presented in intangible property	252,879	252,879

         Goodwill is allocated to the cash-generating unit, which was also a separate operating segment - ERP Systems.

         The Management Board is of the opinion that the military conflict in Ukraine is not an indicator of impairment of goodwill. As at 30 June 2025, the Management Board reviewed the assumptions for the impairment test carried out and disclosed in the financial statements for the year ended 31 December 2024 in Note 5.4. In the opinion of the Management Board, the assumptions adopted in the test remain valid as at 30 June 2025. On the basis of the foregoing, the Management Board decided that there is no need to apply impairment to goodwill.

      3. ‌Right-of-use assets

         During the six months ended 30 June 2025 and in the comparable period, changes in the net worth of right-of-use assets resulted from the following events:

         	6 months to 30 June 2025 PLN thou.	6 months to 30 June 2024 PLN thou.
         Net value of right-of-use assets as at 1 January	46,450	45,873
         Increase through:	2,298	10,491
         New lease agreement	243	6,365
         Modifications of existing agreements	2,055	4,126
         Depreciation allowance for reporting period	(4,887)	(4,604)
         Modifications of agreements	-	(1,414)
         Early agreement termination	-	(63)
         Net value of right-of-use assets as at 30 June	43,861	50,283

      4. ‌Investment in subsidiaries

         On 15 January 2025, Asseco Business Solutions S.A. joined and acquired 60% of equity and votes at the GM of Tax Order Sp. z o.o. The value of the transaction amounted to PLN 2,700 thousand.

      5. ‌Inventories

         Inventory write-down as at 30 June 2025 amounted to PLN 186 thousand and as at 31 December 2024 to PLN 207 thousand.

      6. ‌Other assets

         The table below presents the balance of financial assets as at 30 June 2025 and 31 December 2024:

         30 June 2025 31 December 2024

         Financial instruments measured at fair value through profit or loss, including

         Non-current Current Non-current Current

         PLN thou. PLN thou. PLN thou. PLN thou.

         - - -

         Concluded forward contracts - 61 - -

         Total - 61 - -

         Financial assets measured at fair value through profit and loss include forward transactions concluded in order to secure foreign exchange risk resulting from contracts settled in foreign currency.

         In the six months ended 30 June 2025, the Company did not change the method of determining the fair value of financial instruments measured at fair value, and there were no transfers of instruments between levels of the fair value hierarchy.

         According to the Company's assessment, the fair value of cash, short-term deposits, trade receivables, trade liabilities and other short-term liabilities does not differ from the carrying amounts largely due to the short period of maturity. The fair value of financial assets held by the Company as at 30 June 2025 and as at 31 December 2024 does not differ significantly from their carrying value.

         As at 30 June 2025, the Company held the following financial instruments measured at fair value:

         30 June 2025	Carrying value	Level 1i)	Level 2ii)L	evel 3iii)
         Financial assets measured at fair value through profit or loss
         Concluded forward contracts	61	-	61	-
         Total	61	-	61	-

         i. the fair value is determined based on quoted prices offered for identical assets in active markets; ii. the fair value determined by using models for which the input data is observable either directly or indirectly in active markets; iii. the fair value determined by using models for which the input data is not observable either directly or indirectly in active markets.

         As at 31 December 2024, the Company was not a party to forward contracts.

         As at 30 June 2025 and as at 31 December 2024, the Company held the following non-financial assets:

         	30 June 2025	31 Dec 2024
         	PLN thou.	PLN thou.
         Prepayments for deliveries	92	60

      7. ‌Prepayments

         As at 30 June 2025 and as at 31 December 2024, the balance of prepayments comprised the following items:

         30 June 2025

         31 December 2024

         Non-current PLN thou.

         Current PLN thou.

         Non-current PLN thou.

         Current PLN thou.

         Prepaid services, including:

         maintenance services and licence fees	644	1836	282	482
         prepaid training	-	171	-	340
         insurances	1	1,024	-	758
         other services	6	1,016	7	600
         Total	651	4,047	289	2,180

      8. ‌Receivables and assets from contracts with customers

         The table below presents balances of receivables and balances of assets under contracts with customers as at 30 June 2025 and as at 31 December 2024.

         	30 June Non-current PLN thou.	2025 Current PLN thou.	31 December Non-current PLN thou.	2024 Current PLN thou.
         Trade receivables	-	63,692	-	58,131
         From related parties, including:	-	648	-	386
         Invoiced receivables	-	648	-	386
         From other parties, including:	-	63,044	-	57,745
         Invoiced receivables	-	62,867	-	57,707
         Receivables not invoiced	-	177	-	38

         Allowance for expected credit losses (-)	-	(1,489)	-	(1,670)
         Total trade receivables	-	62,203	-	56,461

         The Company has appropriate policies in place for making the sale only to verified customers. In the opinion of the Management Board, there is no need to create an additional allowance for expected credit losses.

         Related party transactions are shown in item 2.15 of these condensed interim financial statements.

         The following table presents the balances of contract assets as at 30 June 2025 and 31 December 2024.

         30 June 2025 Non-current PLN thou.	Current PLN thou.	31 December Non-current PLN thou.	2024	Current PLN thou.
         Assets under contracts with customers, incl.
         From related parties	-	741	- -
         From other parties	-	5,224	- 3,671
         Total receivables from contracts with	5,965	-	3,671

         -

         customers

         The fair value of receivables and assets from contracts with customers does not differ from the value at which they are presented in these financial statements.

         30 June 2025 31 December 2024 Other receivables Non-current Current Non-current Current
         	PLN thou.	PLN thou.	PLN thou.	PLN thou.
         Budget receivables	-	4	-	-
         Receivables from paid deposits	431	239	415	116
         Other receivables	-	1,111	-	43
         Other receivables total	431	1,354	415	159

         Deposit receivables consist of tendering securities and securities of contracts as well as deposits for office rental.

      9. ‌Cash and deposits

         Short-term deposits bear interest at variable interest rates, the amount of which depends on the interest rate of overnight bank deposits.

         The fair value of cash and short-term deposits at 30 June 2025 amounts to PLN 1,711 thousand (31 December 2024: PLN 40,923 thousand).

         The balance of cash and short-term deposits shown in the balance sheet and in the statement of cash flows consisted of the following items:

         	30 June 2025	31 Dec 2024
         	PLN thou.	PLN thou.
         Cash at bank in current accounts	1,061	20,730
         Cash at bank in split payment accounts	605	1,038
         Short-term deposits	-	19,076
         Cash in hand	7	3
         Cash in transit	38	76
         Total cash balance shown in balance sheet and cash flow statement	1,711	40,923

      10. ‌Own shares

As at 31 December 2024, the balance of own shares includes shares bought back by Asseco Business Solutions S.A. in September 2024 under a share buy-back transaction. The Company acquired a total of 600,000 of own shares, representing approximately 1.7954% of the share capital and 1.7954% of the total voting rights at the Company's General Meeting. The price per share amounted to PLN 60.00.

During the reporting period, 183,297 shares were issued to Members of the Management Board and key Company executives under the incentive scheme. As a result of this transaction, the balance as at 30 June 2025 comprises 416,703 shares.