Consolidated financial statement (2025 11 ssf h1 2025 26 en)

tex*i

TextS.A.

Group of Companies

Condensed interim consolidated report for the period

from1 April 202S to 3oSeptember 2025

Prepared in accordance with the International Financial Reporting Standards

Wroclaw, 26 November 2025

1. SELECTED FINANCIAL DATA 4

2. BASIC INFORMATION 5

   1. General Information 5

   2. Information about the Parent Company 5

   3. Composition of the Management Board and the Supervisory Board 5

   4. Information on the Group of Companies 6

   5. Format of the condensed financial statement 6

   6. Approval for publication 7

   7. Translation of figures presented in a foreign currency and translation into the presentation currency 7

   8. Statement of the Management Board 7

3. CONDENSED INTERIM CONSOLIDATED STATEMENT OF FINANCIAL POSITION 8

   1. Condensed interim consolidated statement of financial position 8

   2. Condensed interim consolidated statement of comprehensive income 9

   3. Net earnings per ordinary share 10

   4. Condensed interim consolidated statement of changes in equity 11

   5. Condensed interim consolidated cash flow statement 12

4. COMMENTARY ON THE RESULTS, BASIS FOR PREPARATION OF THE FINANCIAL STATEMENTS AND ACCOUNTING PRINCIPLES APPLIED 13
   1. Declaration of compliance and basis for preparation, effect of changes of applied standards or interpretations 14

   2. Description of the adopted accounting policies 15

5. ADDITIONAL INFORMATION AND EXPLANATIONS 24

   1. Changes in the presentation and classification of financial statement items 24

   2. Explanatory notes to the statement of financial position 24

      Note 1. Property, plant and equipment 24

      Note 2. Intangible assets 25

      Note 3. Long-term receivables 27

      Note 4. Prepayments and accruals 27

      Note 5. Accounts receivable and other receivables 27

      Note 6. Cash and cash equivalents 28

      Note 7. Equity 28

      Note 8. Liabilities from contracts with customers 32

      Note 9. Lease liabilities 32

      Note 10. Short-term liabilities 32

      Note 11. Short-term borrowings 33

   3. Explanatory notes to the statement of comprehensive income 33

      Note 12. Revenues from sales 33

      Note 13. Costs of operating activity 34

      Note 14. Other operating revenues and costs 35

      Note 15. Financial revenues and costs 35

      Note 16. Income tax and deferred tax 35

   4. Explanatory notes to the cash flow statement 37

      Note 17. Other adjustments 37

   5. Other explanatory notes 37

Note 18. Financial instruments 37

Note 19. Benefits to the key managing staff (including remuneration for Members of the Management Board and the Supervisory Board) 37

Note 20. Contingent items and other off-balance sheet items 38

Note 21. Employment information 38

Note 22. Description of factors and events, especially of non-typical nature, having an impact on the financial results 38

Note 23. Events after the end of the financial year, not taken into account in the

financial statements 39

Note 24. Transactions with related parties 39

Note 25. Cyclicality and seasonality of the activities run 39

Note 26. Remuneration of the statutory auditor 39

Note 27. Objective and principles of risk management 40

1. ‌SELECTED FINANCIAL DATA

   Specification	PLN thousand		EUR thousand
   	For the period of 6 months ended 30 September 2025	For the period of 6 months ended 30 September 2024	For the period of 6 months ended 30 September 2025	For the period of 6 months ended 30 September 2024
   Consolidated statement of comprehensive income
   Net revenues from sales of products, merchandise and materials	167 610	176 252	39 323	41 058
   Profit (loss) on operating activity	65 513	92 989	15 370	21 662
   Gross profit (loss)	65 482	92 829	15 363	21 625
   Net profit (loss)	59 652	86 327	13 995	20 110
   Profit (loss) per ordinary share (in PLN/EUR)	2.32	3.35	0.54	0.78
   Number of shares (in thousand items)	25 750	25 750	25 750	25 750
   Consolidated cash flow statement
   Net cash flows from operating activity	59 005	95 852	13 843	22 204
   Net cash flows from investing activity	(16 075)	(15 457)	(3 771)	(3 601)
   Net cash flows from financing activity	(103 910)	(112 506)	(24 379)	(26 209)
   Net cash flows, in total	(60 980)	(32 111)	(14 307)	(7 480)
   Specification	PLN thousand		EUR thousand
   	30 September 2025	31 March 2025	30 September 2025	31 March 2025
   Consolidated statement of financial position
   Total assets	178 788	226 705	41 879	54 185
   Liabilities and provisions for liabilities	96 259	90 287	22 547	21 580
   Long-term liabilities	5 512	6 393	1 291	1 528
   Short-term liabilities	90 747	83 894	21 256	20 052
   Equity	82 529	136 418	19 331	32 605
   Share capital	515	515	121	123
   Book value per share (in PLN/EUR)	3.21	5.30	0.75	1.27
   Number of shares (in thousand items)	25 750	25 750	25 750	25 750

   PLN/EUR exchange rate	1 April 2025 - 30 September 2025	1 April 2024 - 31 March 2025	1 April 2024 - 30 September 2024
   For the figures in the statement of financial position	4.2692	4.1839	4.2791
   For the figures in the statement of comprehensive income and in the cash flow statement	4.2624	4.2722	4.2927
   The highest rate for the period	4.3033	4.3662	4.3608
   The lowest rate for the period	4.1791	4.1339	4.2499

   Wrocław, 26 November 2025

   
   
   

   Mariusz Ciepły Urszula Jarzębowska Joanna Alwin

   President of the Management Board

   Member of the Management Board Financial Director

   Responsible Accounting Officer

2. ‌Basic Information
   1. ‌General Information

      The condensed interim consolidated financial statements of Text S.A. Group of Companies ("Group of Companies" or "Group") comprise:

      • Interim consolidated statement of financial position as at 30 September 2025, which presents a total balance of assets, liabilities and shareholders' equity in the amount of (PLN thousand) 178 788;

      • Interim consolidated statement of comprehensive income for the period from 1 April 2025 to 30 September 2025, which presents a net profit of (PLN thousand) 59 652 and comprehensive income of (PLN thousand) 60 354;

      • Interim consolidated statement of changes in equity for the period from 1 April 2025 to 30 September 2025, which presents a decrease of equity by (PLN thousand) 53 889;

      • Interim consolidated cash flow statement for the period from 1 April 2025 to 30 September 2025, which presents a decrease of net cash by (PLN thousand) 60 980;

      • Additional notes and explanations.

   2. ‌Information about the Parent Company

      The parent company of Text Spółka Akcyjna Group of Companies (hereinafter referred to as the "Group of Companies", "Group") is Text S.A. (hereinafter referred to as the "Parent Company", "Company", "Reporting Entity").

      The Parent Company was established by the Notarial Deed of 10 September 2007. The Parent Company is entered in the Register of Entrepreneurs of the National Court Register kept by the District Court for Wrocław-Fabryczna - 6th Commercial Division with KRS No. 0000290756.

      The registered office of the Parent Company is located in Wrocław at Zwycięska 47, 53-033 Wrocław

      Name of the reporting entity: Text Spółka Akcyjna Registered office of the Reporting Entity: Zwycięska 47, 53-033 Wrocław, Poland Address of the registered office of the Reporting Entity: Zwycięska 47, 53-033 Wrocław, Poland Legal form of the Reporting Entity: joint stock company Country of registration: Poland Principal object of activity: 62.01.Z. Software-related activities

      The duration of the parent company and the subsidiary included in the Group is indefinite. The reporting entity has no upstream unit.

   3. ‌Composition of the Management Board and the Supervisory Board

      The Management Board of the Parent Company as at the balance sheet date and the date of approval of the financial statements for publication was composed of:

      • Mariusz Ciepły - President of the Management Board;

      • Urszula Jarzębowska - Member of the Management Board.

      During the reporting period, the composition of the Management Board of the Parent Company did not change. The Supervisory Board of the Parent Company as at the balance sheet date and as at the date of approval of the financial statements for publication was composed of:

      • Maciej Jarzębowski - Chairperson of the Supervisory Board;

      • Jakub Sitarz - Vice-Chairperson of the Supervisory Board;

      • Marta Ciepła - Member of the Supervisory Board;

      • Marcin Mańdziak - Member of the Supervisory Board;

      • Marzena Czapaluk - Member of the Supervisory Board.

   4. ‌Information on the Group of Companies

      The consolidated financial statements of Text S.A. Group of Companies cover its subsidiary Text Inc. (formerly LiveChat Inc.), with its registered office at 101 Arch Street, 8th Floor, Boston, MA 02110, USA, in which the Parent Company holds 100% of the shares.

   5. ‌Format of the condensed financial statement

      Basis for preparation of the statements

      These condensed interim consolidated financial statements have been prepared in accordance with

      International Accounting Standard No. 34 "Interim Financial Reporting" as approved by the EU ("IAS 34").

      The condensed interim consolidated financial statements do not include all the information and disclosures required in the annual financial statement and should be read in conjunction with the Group's consolidated financial statements for the financial year ended 31 March 2025.

      Functional currency and presentation currency

      The condensed interim consolidated financial statements are presented in Polish zloty (PLN) which is the

      Parent Company's and Group of Companies' functional and presentation currency.

      Transactions denominated in foreign currencies are translated into the functional currency at the exchange rate applicable on the transaction date. Foreign exchange gains and losses arising from the settlement of these transactions and from the balance sheet valuation of monetary assets and liabilities denominated in foreign currencies are recognized in the statement of comprehensive income, unless they qualify for cash flow hedging or net investment hedging and are deferred in equity.

      Presented periods

      The condensed interim consolidated financial statements were prepared as at 30 September 2025 and cover a period of 6 months i.e. from 1 April 2025 to 30 September 2025.

      For the data presented in the interim condensed statements of financial position and off-balance sheet items, comparable financial data are provided as at 31 March 2025.

      For the data presented in the condensed interim consolidated statements of comprehensive income, condensed interim consolidated statements of changes in equity, and condensed interim consolidated statements of cash flows, comparable financial data are presented for the period from 1 April 2024 to 30 September 2024.

      Audit by an Audit Firm

      These condensed interim consolidated financial statements, along with selected elements of the interim condensed separate financial statements, have been audited by an independent audit firm.

   6. ‌Approval for publication

      The presented financial statements were approved for publication by the Parent Company's Management

      Board on 26 November 2025.

   7. ‌Translation of figures presented in a foreign currency and translation into the presentation currency

      As at 30 September 2025, balance sheet items were presented in USD using the exchange rate of 1 USD = 3.6315 PLN, whereas items in the statement of financial results and comprehensive income were presented using the exchange rate of 1 USD = 3.6908 PLN. The value of the Parent Company's shares in its subsidiary Text Inc. was translated using the historical exchange rate of 1 USD = 3.3129 PLN.

   8. ‌Statement of the Management Board

   The Management Board of Text S.A. declares that, to the best of its knowledge, these condensed interim consolidated financial statements and comparable data have been prepared in accordance with the applicable regulations of the Text S.A. Group of Companies and its accounting principles. They reflect in a true, reliable, and clear manner the property and financial situation of the Company and the Group of Companies, as well as its financial results. These condensed interim consolidated financial statements were prepared in accordance with International Financial Reporting Standards (IAS 34 - Interim Financial Reporting) and related interpretations applicable to interim financial reporting, published as European Commission regulations approved by the European Union. The presented condensed interim consolidated financial statements comply with the Regulation of the Minister of Finance of March 29, 2018, on current and periodic information provided by issuers of securities and the conditions for recognizing information required by the laws of a non-member state as equivalent.

   
   
   

   Wrocław, 26 November 2025

   
   
   

   Mariusz Ciepły Urszula Jarzębowska Joanna Alwin

   President of the

   Management Board

   Member of the Management

   Board

   Financial Director

   Responsible Accounting Officer

3. ‌INTERIM CONSOLIDATED STATEMENT OF FINANCIAL POSITION
   1. ‌Interim consolidated statement of financial position

      Specification	Note	As at 30 September 2025	As at 31 March 2025	As at 30 September 2024
      FIXED ASSETS		90 668	89 115	81 422
      Property, plant and equipment	1	5 904	6 306	1 789
      Intangible assets	2	79 582	76 563	73 368
      Long-term receivables	3	160	160	160
      Deferred income tax assets	16	4 991	6 048	6 064
      Long-term prepayments	4	31	38	41
      CURRENT ASSETS		88 120	137 590	105 933
      Accounts receivable	5	2 083	1 536	1 952
      CIT receivables	5	31 079	34 032	39 159
      VAT receivables	5	36 463	22 355	11 058
      Other receivables	5	105	67	287
      Cash and cash equivalents	6	16 724	77 704	52 749
      Long-term prepayments	4	1 666	1 896	728
      Assets classified as held for sale		-	-	-
      TOTAL ASSETS		178 788	226 705	187 355
      EQUITY		82 529	136 418	101 058
      Share capital	7.2.	515	515	515
      Supplementary capital from retained earnings and transactions of mergers under common control	7.3.	76 635	68 976	68 976
      Currency conversion differences		(577)	(1 279)	(1 165)
      Retained earnings	7.4.	5 956	68 206	32 732
      Equity attributable to shareholders of the Parent Company		82 529	136 418	101 058
      Equity attributable to non-controlling interests		-	-	-
      LONG-TERM LIABILITIES		5 512	6 393	3 864
      Deferred income tax liability	16	-	-	-
      Other financial liabilities	9	3 674	3 878	-
      Liabilities from contracts with customers	8	1 838	2 515	3 864
      SHORT-TERM LIABILITIES		90 747	83 894	82 433
      Short-term borrowinngs	11	9 990	-	-
      Other financial liabilities	9	902	1 128	585
      Accounts payable	10	10 844	9 788	10 326
      Current income tax liabilities	10	122	163	-
      Liabilities from contracts with customers	8	64 966	69 611	70 456
      Other liabilities	10	3 923	3 204	1 066
      Liabilities directly connected with non-current assets classified as held for sale		-	-	-
      TOTAL LIABILITIES		96 259	90 287	86 297
      TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY		178 788	226 705	187 355

      
      
      
      
      
      
      
      
      

      Wrocław, 26 November 2025

      Mariusz Ciepły Urszula Jarzębowska Joanna Alwin

      President of the Management Board

      Member of the Management Board

      Financial Director

      Responsible Accounting Officer

   2. ‌Interim consolidated statement of comprehensive income

      Specification	Note	For the period of 3 months ended 30 September 2025	For the period of 6 months ended 30 September 2025	For the period of 12 months ended 31 March 2025	For the period of 3 months ended 30 September 2024	For the period of 6 months ended 30 September 2024
      Continued operations
      Revenues from sales	12	82 812	167 610	354 178	89 412	176 252
      Cost of goods sold	13	26 789	53 143	71 870	18 489	34 389
      GROSS PROFIT (LOSS) ON SALES		56 023	114 467	282 308	70 923	141 863
      Cost of sales	13	18 484	34 867	64 799	15 939	32 290
      General administrative costs	13	6 446	12 693	40 207	8 971	16 576
      Remaining operating revenues	14	111	172	235	50	107
      Remaining operating costs	14	934	1 566	170	8	115
      PROFIT (LOSS) ON OPERATING ACTIVITY		30 270	65 513	177 367	46 055	92 989
      Financial revenues	15	958	139	406	3	6
      Financial costs	15	150	170	35	130	166
      PROFIT (LOSS) BEFORE TAX		31 078	65 482	177 738	45 928	92 829
      Income tax	16	2 450	5 830	13 320	3 389	6 502
      NET PROFIT (LOSS) ON CONTINUED OPERATIONS		28 628	59 652	164 418	42 539	86 327
      NET PROFIT (LOSS)		28 628	59 652	164 418	42 539	86 327
      Other comprehensive income items that will not be reclassified into profit or loss		-	-	-	-	-
      Other comprehensive income items that, after meeting certain requirements, will be reclassified into profit or loss		19	702	743	(33)	857
      Exchange rate differences from conversion of foreign entities		19	702	743	(33)	857
      Total other comprehensive income		19	702	743	(33)	857
      Total comprehensive income		28 647	60 354	165 161	42 506	87 184

      Wrocław, 26 November 2025

      
      
      

      Mariusz Ciepły

      Urszula Jarzębowska

      
      
      

      President of the Management Board

      Member of the Management Board

      Financial Director

      Joanna Alwin

      Responsible Accounting Officer

   3. ‌Net earnings per ordinary share

      Earnings per share (in PLN per share)	For the period of 6 months ended 30 September 2025	For the period of 12 ended 30 September 31 March 2025	For the period of 6 months ended 30 September 2024
      From continued and discontinued operations
      Ordinary	2.32	6.39	3.35
      Diluted	2.32	6.39	3.35
      From continued operations
      Ordinary	2.32	6.39	3.35
      Diluted	2.32	6.39	3.35
      Weighted average number of ordinary shares	25 750 000	25 750 000	25 750 000
      Weighted average diluted number of ordinary shares	25 750 000	25 750 000	25 750 000

      Ordinary profit on continued operations per share is calculated as the quotient of profit on continued operations attributable to ordinary shareholders of the Parent Company and weighted average number of issued ordinary shares in the financial year.

      Diluted profit on continued operations per share is calculated as the quotient of profit on continued operations attributable to ordinary shareholders of the Parent Company (after deduction of interest on redeemed preference shares converted into ordinary shares) and the weighted average number of issued ordinary shares in the financial year (adjusted for the effect of diluting options and diluting redeemed preference shares converted into ordinary shares).

   4. ‌Interim consolidated statement of changes in equity

      STATEMENT OF CHANGES IN EQUITY for the period of 6 months ended 30 September 2025	Share capital	Suppleme ntary capital	Exchange rate differences from conversion of a subsidiary	Retained earnings	Total equity attributable to equity holders of the parent company	Total equity
      Equity as at 1 April 2025	515	68 976	(1 279)	68 206	136 418	136 418
      Transfer of financial results to equity	-	7 659	-	(7 659)	-	-
      Dividends paid	-	-	-	(113 300)	(113 300)	(113 300)
      Changes related to the settlement of the financial result	-	-	-	(943)	(943)	(943)
      Total transactions with owners	-	7 659	-	(120 959)	(113 300)	(113 300)
      Net profit (loss) for the period	-	-	-	59 652	59 652	59 652
      Other comprehensive income	-	-	702		702	702
      Total comprehensive income	-	-	702	58 709	59 411	59 411
      Total of changes in equity	-	7 659	702	(62 250)	(53 889)	(53 889)
      Equity as at 30 September 2025	515	76 635	(577)	5 956	82 529	82 529

      STATEMENT OF CHANGES IN EQUITY for the period of 12 months ended 31 March 2025	Share capital	Suppleme ntary capital	Exchange rate differences from conversion of a subsidiary	Retained earnings	Total equity attributable to equity holders of the parent company	Total equity
      Equity as at 1 April 2024	515	57 092	(2 022)	71 107	126 692	126 692
      Transfer of financial results to equity	-	11 884	-	(11 884)	-	-
      Dividends paid	-	-	-	(154 758)	(154 758)	(154 758)
      Changes related to the settlement of the financial result	-	-	-	(677)	(677)	(677)
      Total transactions with owners	-	11 884	-	(167 319)	(155 435)	(155 435)
      Net profit (loss) for the period	-	-	-	164 418	164 418	164 418
      Other comprehensive income	-	-	743	-	743	743
      Total comprehensive income	-	-	743	164 418	165 161	165 161
      Total of changes in equity	-	11 884	743	(2 901)	9 726	9 726
      Equity as at 31 March 2025	515	68 976	(1 279)	68 206	136 418	136 418

      Mariusz Ciepły

      Urszula Jarzębowska

      
      
      

      Wrocław, 26 November 2025

      President of the Management Board

      Member of the Management Board

      Financial Director

      Joanna Alwin

      
      
      

      Responsible Accounting Officer

   5. ‌Interim consolidated cash flow statement

   Specification	Note	for the period of 6 months ended 30 September 2025	for the period of 6 months ended 30 September 2024
   Profit before tax		65 482	92 829
   Total adjustments:		(4 403)	6 536
   Depreciation/amortization		12 798	11 561
   Gains (losses) on investment activities		799	-
   Change in the balance of receivables		(14 693)	(8 226)
   Change in the balance of short-term liabilities, save for financial liabilities		(4 307)	3 354
   Change in the balance of prepayments and accruals		956	(27)
   Change in the balance of assets and provisions for deferred income tax		1 057	(1 144)
   Other adjustments	17	(1 013)	1 018
   Cash generated from operating activities		61 080	99 365
   Income tax paid		(2 074)	(3 513)
   Net cash flows from operating activity		59 005	95 852
   Expenditures on acquisition of intangible assets and property, plant and equipment		(16 214)	(15 457)
   Interest received		139	-
   Net cash flows from investing activity		(16 075)	(15 457)
   Dividends paid		(113 300)	(112 013)
   Interest paid		(170)	-
   Payment of liabilities arising from financial lease agreements		(430)	(493)
   Loans and borrowings		10 000	-
   Repayments of loans and borrowings		(10)	-
   Net cash flows from financing activity		(103 910)	(112 506)
   TOTAL NET CASH FLOWS		(60 980)	(32 111)
   BALANCE SHEET CHANGE IN CASH, OF WHICH:		(60 980)	(32 111)
   - change in the balance of cash arising from foreign exchange differences		-	-
   CASH AT THE BEGINNING OF THE PERIOD		77 704	84 860
   CASH AT THE END OF THE PERIOD		16 724	52 749

   Wrocław, 26 November 2025

   
   
   

   Mariusz Ciepły Urszula Jarzębowska Joanna Alwin

   President of the

   Management Board

   Member of the Management

   Board

   Financial Director

   Responsible Accounting Officer

4. ‌COMMENTARY ON THE RESULTS, BASIS FOR PREPARATION OF THE FINANCIAL STATEMENTS AND ACCOUNTING PRINCIPLES APPLIED

   These condensed interim consolidated financial statements are presented in PLN thousands (Polish zlotys).

   These condensed interim consolidated statements were prepared assuming that the Group companies will continue as going concerns in the foreseeable future.

   At the end of the first half of the financial year, MRR (monthly recurring revenue from subscription fees) - which, in the Management Board's opinion, best reflects the Text Group's underlying business growth - amounted to 7.06 million USD. This represents an increase of 0.3% year-on-year. The growth rate depends on numerous external and internal factors, including the economic situation in key markets, the pace of corporate adoption of AI technologies, and competitors' activities. Changes in the way people and organizations search for content online have had a significant negative impact on the pace and manner in which new customers are acquired. Product development, on the other hand, may enable the Group to address the needs of enterprise-class customers more effectively.

   The Group's business indicators are simultaneously affected by many factors, including the economic situation in key markets (particularly the USA), product changes, marketing activities, competitors' activities, and other variables. According to customer feedback, the primary reasons for churn are business-related issues (such as company closure or strategic refocusing) and the absence of chat support. By contrast, factors related to pricing or product selection play a comparatively minor role.

   For results reported in Polish zloty (PLN), the PLN-USD exchange rate is a key factor, as the company generates virtually all of its revenue in USD. The company monitors exchange rate developments on an ongoing basis; at present, the only hedging measure applied is natural hedging, which involves incurring a portion of costs in dollars.

   The Management Board of the Parent Company analyses, on an on-going basis, the financial situation of the Group and the economic situation within the scope which might affect the financial results of the Group. The above-mentioned analyses do not indicate that there exists material operational risk and/or market risk (e.g., falling demand for solutions offered by the Group, loss of expected profitability of operating activity) which might pose a threat to the Group's continued operations.

   A factor that may have a significant impact on the Group's business environment in the coming quarters may be the development of AI (artificial intelligence) technology. The Group is working to introduce further AI-based functionalities (including those using solutions from external suppliers) into its products. The Group's objective is to deliver the greatest value to its customers, which should, in turn, support the Group's ongoing development and the growth of its financial results. However, rapid technological changes in the market may pose a serious threat to the Group's market position if it fails to adapt effectively. At the same time, the use of AI-based solutions may contribute to increased operational efficiency.

   1. ‌Declaration of compliance and basis for preparation, effect of changes of applied standards or interpretations

      These condensed interim consolidated financial statements have been prepared in accordance with International Accounting Standard 34 Interim Financial Reporting, as adopted by the European Union ("IAS 34"). They do not contain all the information and disclosures required for annual financial statements and should be read in conjunction with the Consolidated Financial Statements of Text S.A. Capital Group for the year ended 31 March 2025.

      These condensed interim consolidated financial statements prepared as at the balance sheet date have been prepared in accordance with the International Accounting Standards, the International Financial Reporting Standards and interpretations issued by the International Accounting Standards Board approved by the European Union (hereinafter referred to as the "IFRS EU").

      The IFRS EU comprise standards and interpretations accepted by the International Accounting Standards Board (IASB) and the International Financial Reporting Interpretations Committee (IFRIC), approved for application in the EU.

      When preparing the consolidated financial statements as at the balance sheet date, the Parent Company adopted all new and approved standards and interpretations issued by the International Accounting Standards Board and the International Financial Reporting Interpretations Committee, which are applicable to its business and approved for use in the EU. Standards, interpretations, and amendments to published EU-approved standards that are effective for the first time in reports for annual periods beginning on or after 1 January 2025:

      − Changes to IAS 21 The Effects of Changes in Foreign Exchange Rates clarifies the criteria for assessing whether a currency is convertible and for determining the spot exchange rate in cases of non-convertibility. It also requires disclosure of information that enables users of financial statements to assess the effects of non-convertibility on an entity's financial position. The provisions apply to annual reporting periods beginning on or after 1 January 2025, with early application permitted; however, comparative information may not be restated.

      The new and amended standards, which are applicable for the first time in the 2025/26 financial year, do not have a material impact on the Group's consolidated financial statements. In preparing these condensed interim consolidated financial statements, the Group has not elected to early adopt any standard, interpretation, or amendment that has been issued but is not yet effective under European Union law.

      The following standards and interpretations have been issued by the International Accounting Standards Board but are not yet effective:

      − Amendments to IFRS 7 and IFRS 9 Financial Instruments - effective for annual reporting periods beginning on or after 1 January 2026;

      − New IFRS 18 Presentation and Disclosure in Financial Statements - effective for annual reporting periods beginning on or after 1 January 2027;

      − New IFRS 19 Subsidiaries without Public Accountability: Disclosures - effective for annual reporting periods beginning on or after 1 January 2027;

      − New IFRS 14 Regulatory Accruals - in accordance with the European Commission's decision, the

      endorsement process for this draft standard will not be initiated until the final standard is published.

      The effective dates above reflect those established by the International Accounting Standards Board. The application dates of the standards within the European Union may differ from the IASB's effective dates and are announced upon their adoption by the EU. According to the Parent Company's assessment, early adoption of the above standards, interpretations, and amendments would not have a material impact on these financial statements.

   2. ‌Description of the adopted accounting policies

   The accounting policies applied to preparation of these consolidated financial statements are coherent with the policies used for preparation of the annual consolidated financial statements for the financial year ended 31 March 2025.

   The statements were prepared according to the principle of historical cost. Presentation of financial statements

   The financial statements are presented in accordance with IAS 1.

   The "Consolidated statement of comprehensive income" is presented in the multiple-step format, whereas

   the "Consolidated cash flow statement" is presented using an indirect method.

   In case of retrospective introduction of amendments to accounting policies or error adjustments, the Company presents the statement of financial position additionally prepared for the beginning of the reference period.

   Consolidation

   The consolidated financial statements comprise the financial statements of the Parent Company and the financial statements of the company controlled by the Parent Company, i.e. the subsidiary, prepared as at 30 September 2025. The Parent Company is assessing whether it exercises control by applying the definition of "control" contained in IFRS 10. In accordance with the definition, an investor controls an investee when the investor is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee.

   The financial statements of the Parent Company and the subsidiary covered by the consolidated financial statements are prepared as at the same balance sheet date. Where it is necessary, adjustments are made to the financial statements of the subsidiary in order to standardize the accounting policies used by the company to adapt to the policies used by the Group of Companies.

   The subsidiary is covered by consolidation using the full consolidation method.

   The full consolidation method consists in combining financial statements of the Parent Company and its subsidiary by way of aggregating full values of particular groups of assets, liabilities, equity, revenues and costs.

   In order to present the Group of Companies as if it were a single business entity, the following intercompany eliminations are made:

   • As at the moment of acquiring control the company's goodwill or profit are recognized,

   • Non-controlling interests are determined and presented separately,

   • Balances of settlements between Group companies and transactions (revenues, costs, dividends) are eliminated in full,

   • Gains and losses on intragroup transactions recognized at the carrying value of such assets as inventory and fixed tangible assets are subject to elimination. Losses on intragroup transactions are analyzed in terms of asset impairment from the Group's perspective,

   • The deferred tax due to temporary differences resulting from eliminating profits and losses on intragroup transactions is recognized.

   Foreign currency transactions

   The consolidated financial statements are presented in Polish zloty (PLN) which is the Parent Company's

   functional currency.

   Transactions expressed in currencies other than Polish zloty are converted to Polish zloty at the rate applicable at the date of the transaction (spot exchange rate).

   As at the balance sheet date, financial items in foreign currencies are translated into Polish zloty at the closing exchange rate at the end of the reporting period, that is the average exchange rate fixed for a particular foreign currency by the National Bank of Poland.

   Non-monetary items are measured in terms of historical cost in a foreign currency and shown at the historical cost value on the transaction day.

   Non-monetary balance sheet items recorded at their fair value, expressed in a foreign currency, are measured at the exchange rate as at the date of fair value determination, i.e. the average exchange rate determined for a particular currency by the National Bank of Poland.

   Intangible assets

   Intangible assets cover patents and licenses, software, research and development costs and other intangible assets that meet the criteria specified in IAS 38. The Group does not have any intangible assets with an unlimited period of use.

   Intangible assets as at the balance sheet date are carried at their cost less any accumulated amortization and any accumulated impairment losses. Intangible assets with finite useful life are amortized using straight-line method over the period of their useful economic life. Useful lives of particular intangible assets are verified annually and, if necessary, adjusted from the beginning of the following financial year.

   The annual amortization rates for costs of completed research and development are as follows:

   • 20% for LiveChat and HelpDesk solutions;

   • 30% for ChatBot solution.

     The period was determined on the basis of duration of projects as part of which qualifying expenditures are incurred. Measurement of research and development is the aggregate net value of invoices issued by software developers dedicated to specific solutions (products).

     Costs connected with software maintenance, incurred in future periods, are recognized as period costs at the time they are incurred.

     Research and development costs are recognized in the income statement at the moment they are incurred. Expenditures directly connected with research and development are capitalized only if the criteria below are met:

     • Completion of an intangible asset is feasible from the technical point of view so that it can be intended for use or sale,

     • The Group intends to complete an asset and use or sell it,

     • The Group is capable of using or selling the intangible asset,

     • The intangible asset will bring economic benefits, and the Group can prove such benefits, for example by - the existence of such an item in the market or its usability for the Group needs,

     • The Group is provided with technical, financial or other sources necessary for completing research and development works with a view to selling or using the intangible asset,

     • Expenditures incurred in the course of research and development may be reliably measured and allocated to a particular intangible asset.

       Expenditures on research and development performed as part of a particular project are carried forward to the following period if they may be expected to be recovered in the future. Future benefits are assessed based on the policies set forth in IAS 36.

       After initial recognition of expenditures on research and development, the historical cost method is applied, in accordance with which assets are carried at their cost less any accumulated amortization and any

       accumulated impairment losses. Completed research and development is amortized using a straight line method over the foreseen period of their economic useful life, which on average is 3 years.

       Gains and losses arising from disposal of intangible assets are determined as the difference between net proceeds from sale and the carrying value of the intangible asset being disposed of.

       Such gains and losses are recognized in the financial result as other revenues or operating costs at the time the acquirer takes over control over the intangible asset in accordance with the requirements of IFRS 15. The amount of remuneration in the intangible asset disposal transaction is determined in accordance with the requirements of IFRS 15 relating to transfer pricing.

       Property, plant and equipment

       Property, plant and equipment is initially recognized at cost. The purchase price is increased by any costs directly connected with the purchase and bringing the asset to the usable state and condition.

       After initial recognition of property, plant and equipment, excluding land, it is then presented at its acquisition cost or manufacture cost less depreciation and impairment losses. Property, plant and equipment in progress is not depreciated until the construction or assembly is finished and the asset is put into operation.

       Assets are depreciated using the straight-line method for the estimated period of use of a particular asset. The annual depreciation rates applied by the Company are as follows:

     • computers - 30%;

     • adaptation of office space - 50%.

       Depreciation starts in a month following the month in which the fixed tangible asset becomes ready for use. Economic useful lives and depreciation methods are verified once a year, resulting in an adjustment, if any, of depreciation charges in the following years.

       Fixed tangible assets are divided into elements being items of a significant value, to which a separate useful life period can be assigned. A fixed tangible asset element can also be the cost of a major inspection as well as significant spare parts and equipment, if they are used over a period longer than one year. Current costs incurred after a fixed tangible asset commissioning, such as maintenance and repair costs, are recognized in the income statement on the day they are incurred.

       A particular item of property, plant and equipment may be removed from the statement of financial position after disposal or if no economic benefits are expected from further using of such asset. Gains or losses on sale, liquidation or cessation of use of fixed tangible assets are determined as the difference between revenues from sales and the net value of such fixed tangible assets.

       Such gains and losses are recognized in the result as other revenues or operating costs at the time the acquirer takes over control over an item of plant, property and equipment in accordance with the IFRS requirements. The amount of remuneration in the plant, property and equipment disposal transaction is determined in accordance with the requirements of IFRS 15 relating to transfer pricing.

       Financial instruments

       A financial instrument is any contract that gives rise to a financial asset of one party and a financial liability or equity instrument of another party.

       A financial asset or financial liability is recognized in the statement of financial position when the Group becomes a party to such instrument. Standardized transactions of purchase and sale of financial assets and liabilities are recognized as at the date of the transaction.

       A financial asset is excluded from the financial statements when the rights to cash flows from the financial asset expire or when the financial asset and basically the risk and benefits resulting from this asset are transferred on to another entity.

       The Group derecognizes a financial liability from its statement of financial position only when it ceases to exist, that means when the obligation specified in the contract was discharged, expired or cancelled.

       As at the acquisition date, the Group measures financial assets and liabilities at their fair value, i.e. usually at the fair value of payment made - in the case of an asset - or received - in the case of a liability.

       The Group includes the transaction costs in the initial value of all the financial assets and liabilities, except for assets and liabilities measured at their fair value through the consolidated statement of comprehensive income.

       As at the balance sheet date, financial assets or liabilities are measured according to the principles shown below:

       Financial assets

       According to IFRS 9, the Group classifies financial assets into the following categories:

     • measured at amortized cost (applies to instruments which, in case of a pre-mature payment cause that an entity gets a smaller payment than the sum of the principal amount and interest (so-called negative compensation),

     • measured at the fair value through other comprehensive income,

     • measured at the fair value through the financial result.

       The classification is made at the moment of the initial recognition of an asset. The classification of financial assets depends on a business model of financial asset management and on the characteristics of contractual cash flows (SPPI test) for a particular financial asset.

       In the category of assets measured at amortized cost, the Group classifies accounts receivable, granted loans that successfully passed the SPPI test, other receivables, deposits, cash and cash equivalents.

       Financial assets measured at amortized cost are measured at the amount of amortized cost using the effective interest rate method and taking into account any impairment losses. Accounts receivable with the maturity below 12 months from the date they arise (i.e. exclusive of a financing element) not transferred for factoring are not subject to discounting and are measured at the nominal value.

       In the category of assets measured at the fair value through other comprehensive income, the Group classifies a financial asset upon fulfilment of the following conditions:

     • it is maintained in a business model the purpose of which is to obtain contractual cash flows due to financial assets held or due to sale of financial assets, and

     • contractual conditions give the right to obtain on defined dates cash flows consisting only of the capital and interest on capital (i.e. successfully passed the SPPI test).

   The effects of changes of the fair value are recognized in other comprehensive income until the asset is no longer recognized in the statement of financial position, when the accumulated profit/loss is recognized in the statement of result.

   In the category of assets measured at the fair value through the financial result, the Group classifies all financial instruments that have not been classified as measured at the amortized cost or measured at the fair value through other comprehensive income.

   Gains and losses on a financial asset classified as measured at the fair value through the financial result are recognized in the financial result of the period in which they were generated (including revenues from interest and dividends).

   IFRS 9 introduced an approach to loss assessment with respect to financial assets measured at amortized cost. This approach is based on determining the expected losses, irrespectively of whether there were signs for impairment loss or not. Due to the specificity of the activities run (sales to counterparties with a low credit risk, the lack of impairment losses on financial assets determined on the basis of assessment made in

   the past, no historically significant unfulfilled liabilities, cooperation with financial institutions with a stable rating), the Group has not recognized in its consolidated statements any impairment losses on the grounds of expected losses, as it finds them insignificant.

   The Group does not apply hedge accounting, therefore the IFRS 9 standard does not apply here.

   Financial liabilities

   Financial liabilities other than hedging derivatives are presented in the following balance sheet items:

   • Accounts payable and other liabilities.

   After initial recognition, financial liabilities are measured at amortized cost by applying the effective interest method, save for held-for-trading financial liabilities or financial liabilities measured at their fair value through profit or loss.

   In the category of financial liabilities measured at their fair value through profit or loss, the Group recognizes derivative instruments other than hedging instruments. Short-term accounts payable are measured at the amount due on account of insignificant discount effects.

   Gains and losses on measurement of financial liabilities are recognized in profit or loss on financing activity. Cash and cash equivalents

   Cash and cash equivalents cover cash on hand and in bank accounts, as well as short-term investments of high liquidity, easily exchangeable for cash, with low risk of changing value.

   Equity

   The share capital is presented at the nominal value of issued shares in accordance with the Articles of Association of the Parent Company and the entry in the National Court Register.

   The Parent Company's shares which were purchased and retained by the Parent Company or consolidated

   subsidiaries reduce equity. Treasury shares are measured at cost.

   The capital from the sale of shares above their nominal value is created from the surplus of the issue price above the share nominal value decreased by the issuance cost.

   The other capitals comprise earnings retained by the Company.

   Provisions, liabilities and contingent assets

   Provisions are recognized when the Group has a present obligation (legal or constructive) as a result of a past event, and it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. Date of incurring as well as the amount of the obligation may be uncertain.

   Provisions are not recognized for future operating losses.

   Provisions are recognized at the estimate of the expenditure required to settle the present obligation, based on the most reliable evidence available as at the date of preparation of the consolidated financial statements, including evidence concerning risks and uncertainties. In case money impact in time is significant, the provision amount is determined by discounting the prospected future cash flows to the current value using a discount rate reflecting current market assessments of money value in time and the possible risk related to a particular obligation. If the discounting method is applied, the increase in the provision connected with the passing of time is recognized as financial cost.

   If the Group expects the costs covered by the provision to be reimbursed, e.g. under an insurance contract, the reimbursement is recognized as a separate asset, but only when it is reasonably certain that the reimbursement will be received. However, the value of the asset may not exceed the amount of the provision.

   In case outflow of resources for settling the present obligation is not possible, the contingent liability is not recognized in the balance sheet, except for contingent liabilities identified in the process of business combination according to IFRS 3.

   The Parent Company created, before the correction of errors, in particular provisions for servers' maintenance costs due to sales completed. Currently, due to the change in the recognition of net revenues from the sale of services, provisions for server maintenance costs are not created.

   Leasing

   IFRS 16 defines rules of recognizing certain leasing items in terms of measurement, presentation, and disclosure of information. According to IFRS 16, all contracts complying with the definition of leasing, or contracts that include leasing, are presented according to the model that has been applied to financial leasing contracts so far.

   Such contracts constitute a lease and have been recognized in accordance with a uniform model of lessee accounting, which entailed recognizing assets due to the right of use of buildings and liabilities thereto, which reflect the obligation to make lease payments.

   The Group owns a single agreement, which according to IFRS 16, meets the criteria of a lease - being a contract for the lease of the office and the registered office of the Parent Company.

   Revenues from sales

   IFRS 15 "Revenue from contracts with customers" was published by the IFRS Board on 28 May 2014 and

   applies to annual periods commencing on 1 January 2018 or after this date.

   In accordance with IFRS 15, revenues from sales of services, less value added tax, discounts and rebates are, recognized when the obligation to perform is fulfilled by providing the counterparty with a service.

   Revenues include received or due inflows of economic benefits to which the Group is entitled. Receivables from sales are amounts due or received for sales of assets and services, less applicable value added tax. The amount of revenues is determined at the fair value of payment received or due, taking into account any commercial discounts granted by the Group. Revenues from sales of services are recognized in the period in which the services were provided.

   The Group's business is mostly based on retail sales to the end client (individual or legal person). When a service purchase agreement is entered into, specified goods are immediately transferred via online distribution channels at the time payment is received by the financial intermediary (payment aggregator). In the course of ongoing business of the Group, agreements are continuously entered into with end clients with the use of agreements signed remotely (i.e. acceptance of the terms of service and payment on terms and conditions defined by the Group).

   According to the standard, variable amounts are not treated as revenues, unless there is a strong likelihood, that in the future they will be reversed as a result of revaluation. Recognition and revaluation in the standard are also applied to recognition and measurement of profit/loss on sale of non-financial assets, if such sale is not made in the regular course of the economic activities run.

   The Group presents the recognized revenues from contracts with customers divided into categories, which reflect the way economic factors affect the nature, amount, payment date and uncertainty of revenues and cash flows.

   Revenues from sales are exclusively revenues generated by contracts concluded with customers which are subject to IFRS 15. The way of treating revenues from sales in the consolidated financial statements of the Group, including the value as well as the moment of recognizing the revenues, is defined by a five-stage model consisting of the following steps:

   1. Identification of a contract with a customer - The Group recognizes a contract with a customer only if all of the following criteria are met: the parties have entered into a contract (in writing or electronically) and are obligated to perform their obligations; the Group can identify the rights of

      each party regarding the services to be transferred; the Group can identify the terms of payment for the services to be transferred; the contract has economic substance (i.e., the risk, timing, or amount of the Group's future cash flows can be expected to change as a result of the agreement); and it is likely that the Group will receive the consideration to which it is entitled in exchange for the services to be transferred to the customer.

   2. Identification of performance obligations - At the time of entering into a contract, the Group evaluates the services promised and identifies as a performance obligation any promise to transfer to the customer a service (or bundle of services) that can be distinguished, or a group of separate services that are substantially the same and transferred in the same manner. A service is considered separable if it meets both of the following conditions: the customer can benefit from the service either directly or through a link to other readily available resources; and the Group's obligation to transfer the service is separable from other obligations in the contract.

   3. Determination of transaction price - To determine the transaction price, the Group considers the terms of the contract and its customary business practices. The transaction price is the amount of remuneration that the Group expects to receive in exchange for providing the promised services to the customer, excluding amounts collected on behalf of third parties. The remuneration specified in the contract with the customer may include fixed amounts, variable amounts, or both.

   4. Assignment of transaction price to performance obligations - The Group assigns a transaction price to each performance obligation in an amount that reflects the consideration the Group expects to receive for providing the promised services to the customer.

   5. Revenue recognition during or after fulfilment of performance obligations - The Group recognizes revenue at the time of fulfilment, or during the process of fulfilment, of a performance obligation by transferring the promised service to the customer

   Almost 95% of the consolidated sales revenues of the Group are generated by its subsidiary - Text Inc. Revenues include 1- and 12-month or longer licenses. Revenue is recognized in the period in which the service is provided - from the moment the contract is concluded until the license expires. Following IFRS 15, revenue deferred to subsequent periods is currently presented in the consolidated financial statements as a contractual liability that is settled when the service is provided. The settled contract obligation increases net revenues from the sale of services.

   In accordance with Terms and conditions of Text Inc., the company is entitled to make changes such as adding, removing, or modifying individual functionalities, and even discontinuing the provision of services, in particular when it is related to the need for their modification or further development. However, the service provider is not obliged to make such changes or updates. The support provided by the Company in no way relates to the infrastructure, equipment, or Internet access on the part of customers.

   Interest and dividends

   Interest revenues are recognized progressively as they accrue in accordance with the effective interest rate method. Dividends are recognized when the shareholder's right to receive payment is established.

   Operating costs

   Operating costs are recognized in the income statement using the matching principle. In its consolidated financial statements, the Group presents costs according to the respective cost centers.

   Income tax (incl. deferred tax)

   The tax charged to the financial result comprises current tax and deferred tax, which was not recognized in other comprehensive income or directly in equity.

   Current tax expense is calculated based on taxable income (taxable basis) for a given financial year. Taxable profit (loss) differs from the gross profit (loss) presented in the books due to a temporary transfer of taxable revenues and costs being the cost of obtained revenues to other periods and due to excluding revenue and

   cost items which will never be subject to taxation. Tax charges are computed based on tax rates in force in a given tax year.

   The Parent Company as a company that runs research and development activities gets its revenues from qualifying intellectual property rights and uses the preferential tax rate. The Company as of 22 October 2019 was granted an individual interpretation of tax law regulations concerning corporate income tax and issues related to preferential tax rates applied to income generated by intellectual property rights. In order to be eligible for the IP Box tax relief, the Company:

   • divides the taxable income into income from qualifying intellectual property rights and from other sources,

   • calculates the nexus ratio for income from qualifying intellectual property rights according to the rules defined in the Corporate Income Tax Act,

   • the nexus ratio is used for computing the amount of tax for each income source.

   Deferred income tax is calculated by applying the balance sheet method as tax payable or refundable in the future on differences between the carrying values of assets, liabilities and shareholders' equity and the corresponding tax values used for calculation of the taxable basis.

   Deferred income tax liability is recognized on all positive taxable temporary differences and deferred income tax assets are recognized up to the amount in which it is probable that future tax gains may be reduced by recognized negative temporary differences. Neither an asset nor provision is recognized if the temporary difference results from the initial recognition of assets or liabilities in a transaction which is not a business combination and which at the time of its occurrence does not have an impact either on the taxable or accounting result. Deferred income tax liabilities are not recognized for goodwill which is not subject to amortization under the provisions of tax law.

   Deferred income tax is calculated with the use of tax rates which will be applicable when the asset is recovered or the liability is settled, based on legal provisions applicable as at the balance sheet date.

   The value of deferred income tax assets is analyzed as at each balance sheet date, and in case the prospected taxable profits will not be sufficient to realize the asset or its part, a relevant impairment loss is recognized.

   Subjective judgement made by the Management Board and uncertainty of assessments

   While preparing the consolidated financial statements, the Management Board of the Parent Company follows judgement when making estimates and assumptions that affect the applied methods and the presented amounts of assets, liabilities, equity, revenues and costs. The actual results may differ from the estimates of the Management Board.

   Information on the estimates and assumptions which are significant for the consolidated financial statements is presented below.

   Judgments connected with research and development

   The Group begins capitalizing expenditures on research and development when it is possible to demonstrate that such works will constitute probable future economic benefits and provided that the Group has sufficient funds required for completion, use and derivation of benefits from an intangible asset. Fulfilment of both criteria, i.e. possibility to derive future economic benefits and having sufficient funds, is based on judgment of the Management Board arising from an analysis of the market and the Group's financial situation.

   Recognizing revenues from contracts with customers

   The Company recognizes revenues using the so-called five-step model provided for in IFRS 15. The revenues comprise only the amounts received or due that are equal to transaction prices the Company is entitled to after meeting (or when meeting) the obligation to render services, namely, to transfer the promised goods or services (that is an asset) to the customer. Revenue includes 1-, 3-, 12- and 36-month licenses. After the expiry of the free trial period in which the customer can learn about the product's functionalities, the fee for the subsequent periods is charged "in advance". All income is recognized as it is earned (at a point in time). The company is entitled to introduce changes such as adding, removing, or

   modifying certain functionalities, and even cessation of services, in particular in a situation where it is related to the need to modify or further develop them. However, the service provider is not obliged to make such changes or updates.

   The transaction price means the amount, to which, as the Company expects, the Company will be entitled to for transferring the promised goods or services, less VAT.

   Periods of economic useful life of non-current assets

   The Management Board of the Parent Company verifies annually (as at the balance sheet date) periods of economic useful life of non-current assets subject to amortization. As at 31 March 2025, the Management Board estimates that the economic useful life periods accepted by the Group for amortization purposes reflect the expected periods of receiving economic benefits from those assets in the future. However, the actual periods of receiving benefits from those assets in the future may differ from the assumed ones, also due to technical ageing of the assets.

   Provisions

   Provisions are recognized when the Group has an existing obligation (legal or customary) arising from past events. Also, when it is certain or highly probable that an outflow of resources reflecting economic benefits will be required to meet the obligation, and when a reliable estimate of the amount of the obligation can be made. The amount of created provisions is reviewed and updated at the end of the reporting period to adjust the estimates to those consistent with the Group's state of knowledge at that date.

   Deferred income tax assets

   Probability of settling deferred income tax assets with future taxable profits is based on the budget of the Group companies approved by the Management Board of the Parent Company. If the projected financial results show that the Group companies will generate taxable income, deferred income tax assets are recognized in full amount.

   Impairment loss on non-financial assets

   In order to determine the useful value, the Management Board assesses the projected cash flows and the rate at which the cash flows are discounted to the current value. In the process of measuring the current value of future cash flows, the projected financial results are assumed. The assumptions refer to future events and circumstances. The actually realized values may differ from the estimated ones, which in the following reporting periods may cause adjustments in the value of the assets of the Group.

   Expected credit losses on financial assets

   Losses relating to financial assets measured at amortized cost are assessed by determining the expected losses, independently of whether there were circumstances for impairment loss or not. Owing to the nature of the activities run (sales to customers with low credit risk, the lack of impairment losses on financial assets determined on the basis of assessments made in the past, no historical unfulfilled liabilities, cooperation with financial institutions that have a stable rating), the Group has not recognized any impairment losses in its consolidated statements on the basis of expected losses because it found them insignificant.

5. ‌ADDITIONAL INFORMATION AND EXPLANATIONS

1. ‌Changes in the presentation and classification of financial statement items

   There were no changes in the presentation and classification of financial statement items during the reporting period.

2. ‌Explanatory notes to the statement of financial position

The most important element of items other than buildings and structures is computer equipment. As at 30 September 2025, there were no significant liabilities due to the purchase of fixed tangible assets. The buildings and structures are related to the recognized long-term office lease agreement, specifically for the headquarters of the Parent Company, in accordance with IFRS 16.

The Group implemented IFRS 16 Leasing on 1 April 2019. As a result of application of the standard as at 1 April 2019, assets in the form of the right to use office space were recognized in the consolidated statement of financial position. These assets are disclosed in the consolidated statement of financial position under Property, plant and equipment, buildings and structures.

As at 31 March 2025, the office lease agreement entered into by the Company was converted into an agreement for an indefinite period. The Management Board estimates that the agreement will remain in force for a period of 60 months from that date. Accordingly, a right-of-use asset in the amount of (PLN thousand) 5,006 was recognized. At the same time, the previously existing asset related to the lease of the same office space was derecognized in the amount of (PLN thousand) 4,756 (gross value plus accumulated depreciation, resulting in a net carrying amount of zero).

The value of the machinery and equipment purchased in the current period amounted to 556,000 PLN. As at 30 September 2025, there were no other liabilities due to the purchase of fixed tangible assets.

The table below presents the main items of development work related to applications

A significant component of intangible assets is costs of non-completed research and development connected with subsequent versions of products offered by the Group, with the value of PLN (thousand) 5,195 as at 30 September 2025 (as at 31 March 2025 - PLN (thousand) 4,942).

Costs of non-completed research and development relate to products put into service (LiveChat, ChatBot, Text.com, KnowledgeBase, and Text App), i.e., released for production. Such costs only include direct expenditures on services connected with the development of applications such as programming services or testing services. All expenditures on development works incurred in the period of approx. 2 months are then accepted as costs for production (once a product is made available to customers).

LiveChat, ChatBot, and HelpDesk products account for nearly 100% of the Group's net sales revenues and, therefore, constitute complete cash-generating units.

The Parent Company conducts an impairment test for the expenditure incurred on development works. As a result of the impairment test carried out as at 31 March 2025, it should be stated that there was no impairment of the expenditure incurred on development works. In addition, it should be noted that there are no decreases in the costs of unfinished development works because all expenses for development works incurred in the period of approx. 2 months are then accepted for production and spent. The next impairment test for the expenditure incurred on development works will be carried out on 31 March 2026.

The recoverable amount of cash-generating units to which the costs of unfinished development work with an indefinite useful life have been allocated was determined based on the value in use calculated on the basis of a cash flow forecast.

The main assumptions made to determine the value in use concerned:

− profitability of sales of services;

− the level of capital expenditure;

− the level of involvement of working capital;

− a discount rate based on the weighted average cost of capital and reflecting current market assessments of the time value of money and operating risks.

The impairment test was performed on the basis of the following assumptions in two scenarios:

The test did not show the need to recognize the impairment loss for the above-mentioned assets. The Management Board of the Parent Company is convinced that any reasonably possible change in any key assumption identified in the course of the tests performed will not cause the carrying amount of the tested asset to significantly exceed its recoverable amount.

At the time of publication of this report, there were no circumstances obliging the Group to prepare an update of the above-mentioned impairment test.

Intangible assets are not subject of hedge accounting in any of the presented periods. The Group does not have any intangible assets intended for sale.

As at 30 September 2025, long-term receivables amounted to PLN 160,000 and primarily related to deposits paid (31 March 2025: PLN 160,000). No impairment losses on long-term receivables were recognized in the comparative period.

Short-term prepayments are related to costs accounted for over time.

The majority of accounts receivable concerns short-term receivables from payment agents and transfer of payments collected from customers. The other accounts receivable mature at up to 30 days.

Accounts receivable and other receivables are measured at the amount of the amortized cost using the effective exchange rate method and taking into account impairment losses on receivables. The book value of receivables is close to their fair value.

Accounts receivable with maturity date of below 360 days following the date they occur are not subject to discounting.

As at 30 September 2025 the Group had no overdue receivables. On 21 November 2025 the Parent Company received a VAT refund of PLN 10 million. By the end of 2025, the Parent Company also expects to receive a refund of overpaid corporate income tax advances.

Cash in bank bears interest according to a variable interest rate. The fair value of cash and cash equivalents equals their balance sheet value.

Cash in foreign currencies is measured as at the balance sheet date according to the average currency exchange rate for a particular currency determined by the National Bank of Poland.

Shareholders entitled to receive dividends are those who hold shares of Text Spółka Akcyjna in a securities account on the dividend record date. Dividends are payable to the Parent Company's shareholders from the net profit presented in the financial statements of Text Spółka Akcyjna, in the amount determined by the Annual General Meeting of Shareholders. Each ordinary share entitles its holder to one vote.

A series shares:

A series shares are shares issued in relation to the transformation of "LIVECHAT" Spółka z ograniczoną odpowiedzialnością, the legal predecessor of the Issuer, into Text Spółka Akcyjna. The transformation was adopted by the resolution of the General Meeting of Shareholders of "LIVECHAT" Spółka z ograniczoną odpowiedzialnością of 10 January 2007. The resolution was recorded by Marek Leśniak, notary of Kancelaria Notarialna Leśniak i Kawecka-Pysz Spółka partnerska with its registered office in Wrocław, Roll of Deeds A No. 1324/2007. The transformation was registered by virtue of the order of the District Court for Wrocław-Fabryczna in Wrocław, 6th Commercial Division of the National Court Register of 16 October 2007.

At the time of transformation the Issuer's share capital amounted to PLN 500,000 and was divided into

5,000,000 A series ordinary bearer's shares with the nominal value of PLN 0.10 each.

On 29 November 2013, the General Meeting of Shareholders of the Issuer adopted a resolution to change the Issuer's Articles of Association, including, among other things, a stock split, fixing the nominal share value at PLN 0.02 (two grosz). The resolution was recorded by Karolina Warczak-Mańdzia, notary of Kancelaria Notarialna dr Wisława Boć-Mazur i Karolina Warczak-Mańdziak spółka cywilna with its registered office in Wrocław, Roll of Deeds A No. 12380/2013. The shares were split in the proportion of 1:5 so that each individual share of the Issuer, including each individual A series share, was split into 5 shares.

The change in the Issuer's Articles of Association covering a change in the share nominal value was registered by virtue of the order of the District Court for Wrocław-Fabryczna in Wrocław, 6th Commercial Division of the National Court Register, of 18 December 2013. As a result of the abovementioned registration, A series shares comprise 25,000,000 ordinary bearer's shares with the nominal value of PLN 0.02 each.

B series shares:

On 26 April 2010, the General Meeting of Shareholders of the Issuer adopted a resolution to increase the Issuer's share capital by the amount of PLN 15,000 through B series bearer's shares waiving the preemptive right of the Company's current shareholders as well as to amend the Company's Articles of Association. By virtue of the said resolution the General Meeting of Shareholders decided to increase the share capital by PLN 15,000 by issuing 150,000 B series ordinary bearer's shares with the nominal value of PLN 0.10. The series B shares were subscribed for in full by Mariusz Ciepły and paid for by way of cash contribution in the amount of PLN 15,000. The issue price of series B shares was 0.10 PLN per share.

On 29 November 2013, the General Meeting of Shareholders of the Issuer adopted a resolution to change the Issuer's Articles of Association, including, among other things, a stock split, fixing the nominal share value at PLN 0.02 (two grosz). The resolution was recorded by Karolina Warczak-Mańdziak, notary of Kancelaria Notarialna dr Wisława Boć-Mazur and Karolina Warczak-Mańdziak spółka cywilna with its registered office in Wrocław, Roll of Deeds A No. 12380/2013. The shares were split in the proportion of 1:5 so that each individual share of the Issuer, including each individual B series share, was split into 5 shares. The change in the Issuer's Articles of Association covering a change in the share nominal value was registered by virtue of the order of the District Court for Wrocław-Fabryczna in Wrocław, 6th Commercial Division of the National Court Register, of 18 December 2013. As a result of the abovementioned registration, B series shares comprise 750,000 ordinary bearer's shares with the nominal value of PLN 0.02 each.