EY Accountants By. Cross Towers, Antonio Vivaldistraat 150 1083 HP Amsterdam, Netherlands Postbus 7883 1008 AB Amsterdam, Netherlands

Tel: +31 88 407 10 00 Fax: +31 88 407 10 05 ey.com

CONFIDENTIAL The managing board of Banijay Group N.y. Attn. Mr. F. Riahi and Mrs. S. Kurinckx 5, Rue Francois ler 75008 PARIS F RA N C E

Amsterdam, 1 August 2024 BSS0007629/MZ/al

Dear Mr. Riahi and Mrs. Kurinckx,

Please find enclosed our independent auditor's review report dated 1 August 2024 on the condensed consolidated interim financial statements included in the accompanying interim financial report of Banijay Group N.y. based in Amsterdam for the period from 1 January 2024 to 30 June 2024.

We consent, under the conditions as set out in the enclosed information sheet Publication of auditor's report, to include and publish our enclosed auditor's review report as part of interim financial report that equals the final draft presented to us, of which an initialed copy is enclosed.

Our auditor's review report states the name of our firm and the name of the responsible audit partner but without a signature. We kindly request you to include our auditor's review report without signature in the version of interim financial report that will be filed and published. We have enclosed one copy of our auditors review report including a signature. This copy is meant for your own filing purposes.

Publication of our auditor's review report is only permitted if it takes place together with the corresponding complete set of the condensed consolidated interim financial statements. Of you wish to publish the condensed consolidated interim financial statements and our review report on the internet, it is your responsibility to safeguard adequate separation of the condensed consolidated interim financial statements from other information on the website. For example, this could be achieved by including the condensed consolidated interim financial statements as a separate, read-only file or by including a warning for readers leaving the web page containing the condensed consolidated interim financial statements ('You are now leaving the secure page containing the condensed consolidated interim financial statements").

The half-year report needs to be made publicly available and filed with the AFM on 30 September 2024 at the latest. To avoid fraud with a signature, we recommend making publicly available and file with the AFM a version without a signature.

Please note that making publicly available and tiling the half-year report with the AEM is required by law and non-compliance is a criminal offence. In certain situations, not complying with publication requirements could lead to personal liability for the board of directors.

Yours sincerely, EY Accountants B.V.

zZEZ

J.J. Vernooij

Initialed for identification urosesj

Enclosures: Signed auditor's review report for your files Unsigned auditor's review report to be included in the half year report Initialed copy of the 'condensed consolidated interim financial statements included in the accompanying interim financial report of Banijay Group N.y. based in Amsterdam for the period from 1 January 2024 to 30 June 2024" Information sheet Publication of review report

EY Accountants By. Cross Towers, Antonio Vivaldistraat 150 1083 HP Amsterdam, Netherlands Postbus 7883 1008 AB Amsterdam, Netherlands

Tel: +31 88 407 10 00 Fax: +31 88 407 10 05 ey.com

Independent auditor's review report

To: the shareholders of Banijay Group N.y.

Our conclusion

We have reviewed the condensed consolidated interim financial statements included in the accompanying interim financial report of Banijay Group N.y. based in Amsterdam for the period from 1 January 2024 to 30 June 2024.

Based on our review, nothing has come to our attention that causes us to believe that the condensed consolidated interim financial statements for the six-month period ended 30 June 2024 of Banijay Group N.y. for the period from 1 January 2024 to 30 June 2024, are not prepared, in all material respects, in accordance with lAS 34, "Interim Financial Reporting" as adopted by the European Union.

The condensed consolidated interim financial statements for the six-month period ended 30 June 2024 comprise:

The consolidated interim statement of financial position as at 30 June 2024
The following consolidated interim statements for the period from 1 January 2024 to 30 June 2024: the statements of income, comprehensive income, changes in equity and cash flows
The notes comprising material accounting policy information and selected explanatory information

Basis for our conclusion

We conducted our review in accordance with Dutch law, including the Dutch Standard 2410, "Het beoordelen van tussentijdse tinanciele informatie door de accountant van de entiteit" (Review of interim financial information performed by the independent auditor of the entity). A review of interim financial information in accordance with the Dutch Standard 2410 is a limited assurance engagement. Our responsibilities under this standard are further described in the Our responsibilities for the review of the condensed consolidated interim financial statements section of our report.

We are independent of Banijay Group N.y. in accordance with the Verordening inzake de onafhankelijkheid van accountants bij assurance-opdrachten (ViO, Code of Ethics for Professional Accountants, a regulation with respect to independence) and other relevant independence regulations in the Netherlands. Furthermore, we have complied with the Verordening gedrags- en beroepsregels accountants (VGBA, Dutch Code of Ethics).

We believe the assurance evidence we have obtained is sufficient and appropriate to provide a basis for our conclusion.

Corresponding figures neither audited nor reviewed

We have neither audited nor reviewed the condensed consolidated interim financial statements for the period from 1 January 2023 to 30 June 2023. Consequently, we have neither audited nor reviewed the corresponding figures included in the consolidated interim statements of income, comprehensive income, changes in equity and cash flows and the related notes.

Responsibilities of the board of directors for the condensed consolidated interim financial statements The board of directors is responsible for the preparation and presentation of the condensed consolidated interim financial statements in accordance with lAS 34, Interim Financial Reporting" as adopted by the European Union.

Furthermore, the board of directors is responsible for such internal control as it determines is necessary to enable the preparation of the condensed consolidated interim financial statements that are free from material misstatement, whether due to fraud or error.

Our responsibilities for the review of the condensed consolidated interim financial statements Our responsibility is to plan and perform the review in a manner that allows us to obtain sufficient and appropriate assurance evidence for our conclusion.

The level of assurance obtained in a review engagement is substantially less than the level of assurance obtained in an audit conducted in accordance with the Dutch Standards on Auditing. Accordingly, we do not express an audit opinion.

We have exercised professional judgment and have maintained professional skepticism throughout the review, in accordance with Dutch Standard 2410.

Our review included among others:

Updating our understanding of Banijay Group N.y. and its environment, including its internal control, and the applicable financial reporting framework, in order to identify areas in the condensed consolidated interim financial statements where material misstatements are likely to arise due to fraud or error, designing and performing analytical and other review procedures to address those areas, and obtaining assurance evidence that is sufficient and appropriate to provide a basis for our conclusion
Obtaining an understanding of internal control as it relates to the preparation of interim financial information
Making inquiries of the board of directors and others within Banijay Group N.y.
Applying analytical procedures with respect to information included in the condensed consolidated interim financial statements
Obtaining assurance evidence that the condensed consolidated interim financial statements agree with, or reconcile to, Banijay Group N.V.'s underlying accounting records
Evaluating the assurance evidence obtained
Considering whether there have been any changes in accounting principles or in the methods of applying them and whether any new transactions have necessitated the application of a new accounting principle
Considering whether the board of directors has identified all events that may require adjustment to or disclosure in the condensed consolidated interim financial statements
Considering whether the condensed consolidated interim financial statements have been prepared in accordance with the applicable financial reporting framework and represents the underlying transactions free from material misstatement

Amsterdam, 1 August 2024

EY Accountants B.V.

rer

Independent auditor's review report

To: the shareholders of Banijay Group N.y.

Our conclusion

The condensed consolidated interim financial statements for the six-month period ended 30 June 2024 comprise:

The consolidated interim statement of financial position as at 30 June 2024
The following consolidated interim statements for the period from 1 January 2024 to 30 June 2024: the statements of income, comprehensive income, changes in equity and cash flows
The notes comprising material accounting policy information and selected explanatory information

Basis for our conclusion

We conducted our review in accordance with Dutch law, including the Dutch Standard 2410, "Het beoordelen van tussentijdse financiële informatie door de accountant van de entiteit" (Review of interim financial information performed by the independent auditor of the entity). A review of interim financial information in accordance with the Dutch Standard 2410 is a limited assurance engagement. Our responsibilities under this standard are further described in the Our responsibilities for the review of the condensed consolidated interim financial statements section of our report.

We believe the assurance evidence we have obtained is sufficient and appropriate to provide a basis for our conclusion.

Corresponding figures neither audited nor reviewed

Responsibilities of the board of directors for the condensed consolidated interim financial statements The board of directors is responsible for the preparation and presentation of the condensed consolidated interim financial statements in accordance with lAS 34, 'Interim Financial Reporting" as adopted by the European Union.

We have exercised professional judgment and have maintained professional skepticism throughout the review, in accordance with Dutch Standard 2410.

Our review included among others:

Updating our understanding of Banijay Group N.y. and its environment, including its internal control, and the applicable financial reporting framework, in order to identify areas in the condensed consolidated interim financial statements where material misstatements are likely to arise due to fraud or error, designing and performing analytical and other review procedures to address those areas, and obtaining assurance evidence that is sufficient and appropriate to provide a basis for our conclusion
Obtaining an understanding of internal control as it relates to the preparation of interim financial information
Making inquiries of the board of directors and others within Banijay Group N.y.
Applying analytical procedures with respect to information included in the condensed consolidated interim financial statements
Obtaining assurance evidence that the condensed consolidated interim financial statements agree with, or reconcile to, Banijay Group N.V.'s underlying accounting records
Evaluating the assurance evidence obtained
Considering whether there have been any changes in accounting principles or in the methods of applying them and whether any new transactions have necessitated the application of a new accounting principle
Considering whether the board of directors has identified all events that may require adjustment to or disclosure in the condensed consolidated interim financial statements
Considering whether the condensed consolidated interim financial statements have been prepared in accordance with the applicable financial reporting framework and represents the underlying transactions free from material misstatement

Amsterdam, 1 August 2024

EY Accountants B.V.

signed by J.J. Vernooij

. . Publication of review report

— r77't2T

1 Conditions

Authorization to publish the review report is granted subject to the following conditions. The purpose of a review of financial statements is to obtain moderate assurance about whether the financial statements are free of material misstatement and therefore provide less assurance than an audit. We have not performed an audit and, accordingly, we do not express an audit opinion. We perform a review to conclude that nothing has come to our attention that causes us to believe that the accompanying financial statementx do not give a true and fair view of the financial position of in accordance with the applied accounting policies. We provide negative formulated limited assurance.

.-I

Further consultation with the auditor is essential if, after this authorization has been granted, facts and circumstances become known which materially affect the view given by the financial statements.
The authorization concerns inclusion of the review report in the annual report to be tabled at the general meeting incorporating the financial statements as drawn up.
This review report is not a substitute for an audit opinion and as a result the review report cannot be included in the Other information of the financial statements. As a result you need include the reason for the absence of the audit opinion in the Other information section of the financial statements. The review report needs to be included in the Additional information section.
fr Financial statements for filing at the offices of the trade register which have been abridged in accordance with Section 39T of Book 2 of the Dutch Civil Code must be derived from the financial statements adopted by the general meeting and a draft version of these financial statements for filing purposes must be submitted to us for inspection. The review report should not be filed atthe offices ofthe trade register
The review report can also be included as Additional information, if the financial statements are published electronically, such as on the internet. In such cases, the full financial statements should be published and these should be easily distinguishable from other information provided electronically at the same time.
If the published financial statements are to be included in another document which is to be made public, authorization to include the review report must again be granted by the auditor
2 Explanations to tha conditions
2.1 Board of supervisory diractors and board of executive directors

The auditor usually forwards his review report to the board of supervisory directors and to the board of esecutive directors.

2.2 General meeting

financial statements.

Publication of the review report will only be permitted subject to the auditor's express consent. Publication is understood to mean: making available for circulation among the public or to such group of persons as to make it tantamount to the public. Circulation among shareholders or members, as appropriate, also comes within the scope of the term "publication", so that inclusion of the review report in the annual report to be tabled at the general meeting similarly requires authorization by the auditor

2.3 Review report and financial statements

The authorization concerns publication in the annual report incorporating the financial statements that are the subject of the review report. This condition is based on the auditors' rules of professional practice, which state that the auditor will not be allowed to authorize publication of his report escept together with the financial statements to which this report refers. The auditor will also at all times want to see the rest of the annual report, since the auditor is not allowed to authorize publication of his report if, owing to the contents of the documents jointly published, an incorrect impression is created as to the significance of the

2.4 Events between the date of the review report and the general meeting

Attention should be paid to the fact that between the date of the review report and the date of the meeting at which adoption, as appropriate, of the financial statements is considered, facts or circumstances may have occurred which materially affect the view given by the financial statements.

Under COS 24OD and 2410, the auditor must perform review procedures designed to obtain sufficient audit evidence to ensure that all events occurring before the date of the review report that warrant amendment of or disclosure in the financial statements have been identified.

If the auditor becomes aware of events that may be of material significance to the financial statements, the auditor must consider whether those events have been adequately recognized and sufficiently disclosed in the notes to the financial statements, If between the date of the review report and the date of publication of the financial statements, the auditor becomes aware of a fact that may have a material impact on the financial statements, the auditor must assess whether the financial statements should be amended, discuss the matter with management and act as circumstances dictate.

2.5 Trade register

The financial statements are tabled at the general meeting (legal entities coming within the scope of Title g of Book 2 of the Dutch Civil Code table the directors' report (if applicable) and the other information as well). The reason why no auditor's report is included to the financial statements ought to be included in the Other information section. The review report ought not to be included in the Other information section, but to be included as Additional information. This also applies when the financial statements are voluntarily filed at the offices of trade register The general meeting considers adoption of the financial statements. Only after the financial statements have been adopted, do they become the statutory (i.e. the company) financial statements. As a rule, the statutory financial statements will be adopted without amendment. It is the statutory financial statements whom are filed at the office of trade register possibly using the legal exemption on basis of size of the corporation. The review report cannot be filed at the offices of trade register if any of these legal exemptions are used.

2.6 Other manner of publication

The financial statements may also be published other than by filing at the offices of the trade register In that event, too, inclusion of the review report as Additional information is permitted, provided the financial statements are published in full. If publication concerns part of the financial statements or if the financial statements are published in abridged form, publication of any report the auditor has issued on such financial statements will be prohibited, unless:

a. He has come to the conclusion that, in the circumstances of the case, the document concerned is appropriate Or
b. Based on legal regulations, publication of the document concerned is all that is required

If less than the full financial statements are published, further consultation with the auditor is essential.

If the financial statements and the review report are published on the internet, it should be ensured that the financial statements are easily distinguishable from other information contained on the Internet site. This can be achieved, for example, by including the financial statements as a separate file in a read-only format or by including a warning message when the reader exits the financial statements document.

2.7 Inclusion in another document

If the published financial statements are to be included in another document which is to be made public, this is considered a new publication and authorization must again be obtained from the auditor An example of this situation is the publication of an offering circular which includes the financial statements, after these financial statements have been filed at the office of the trade register together with the other annual reports. For each new publication, authorization must again be obtained from the auditor

2.8 Events after the general meeting

Even if facts and circumstances have become known after the adoption of the financial statements as a result of which they no longer give the statutory true and fair view, the auditor must stand by the review report issued on the financial statements. In that event, the legal entity is required to file a statement at the offices of the trade register on these facts and circumstances. In this situation, too, further consultation with the auditor is essential.

UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE SIX-MONTH PERIOD ENDED 30 JUNE 2024

U ud ite d C lid ed rim In St of at te at t na on so em en In 3 co m e
U ud ite d C lid ed In rim St of at te at t na on so em en C eh si In 3 om pr en ve co m e
U ud ite d C lid ed rim St of In at te at t na on so em en sit io Fi ia l Po 4 na nc n
U ud ite d lid ed rim C In St of at te at t na on so em en Ca sh Fl 5 ow s
U ud ite d lid ed C In rim St of at te at t na on so em en Ch in Eq ui 6 ty an ge s
NO TE S TO TH E UN AU DI TE D CO ND EN SE D CO NS OL AT ID ED IN TE RI M FI NA NC IA L ST AT TS EM EN 7
N 1 tio Bu sin 7 ot ta e es s pr es en n
tio 1. 1 Pr of th bu sin ta 7 es en n e es s
1.2 Se al tiv ity 7 as on ac
2 sis of io N Ba 8 ot at e pr ep ar n
2. 1 St of pl ia at t 8 em en co m nc e
2. 2 Si ifi tin lic ie 8 nt gn ca ac co un g po s
A in 2. 3 da rd pl ie d nt 9 st cc ou g an ap
2. 4 Sc ol id io of 10 at op e co ns n
2. 5 Si ifi io tim d nt pt at gn ca as su m ns an es es 10
2. G oi 6 10 ng co nc er n
N 3 Si ifi th ed ot in nt ts at e gn ca ev en oc cu rr th th th rio d de d 30 Ju 20 24 12 e re e- m on pe en ne
3. 1 H ol di 12 ng
nij ai 3. 2 Ba En te rt t 12 ay nm en
3. 3 Ba nij in G 13 ay am g
4 in fo io N Se 13 ot at t e gm en rm n
N 5 R ot 19 e ev en ue
N St af f 6 20 ot st e co s
N 7 O th in in d ot at e er op er g co m e an 21 ex pe ns es
N 8 Fi ia l Re lt 23 ot e na nc su
N 9 In 24 ot ta e co m e x

N 10 ot e	G dw ill 24 oo
N 11 ot e	ki W pi l ba la 25 ta or ng nc es ca
11 .1	Tr ad iv ab le 25 e re ce s
11 .2	O th d t t ts er no n- cu rr en an cu rr en as se 25
11 .3	C lia bi lit ie 26 to nt ct us m er co ra s
11 .4 lia bi lit ie	O th d t t er no n- cu rr en an cu rr en 26 s
N 12 ot e	Ch in Sh eh ol de ui 2 7 ty an ge s ar rs eq
12 .1	Ba nij G ui in 27 ty st ts ay ro up eq ru m en
12 .2 iu pr em	D is tri bu tio di vi de nd of d sh n s an ar e 27 m
N 13 ot e	Ea in sh 27 rn gs ar e pe r
13 .1	N be of sh 27 um r ar es
13 .2	sic d Ba di lu d in sh te an ea rn gs pe r ar e 28
N 14 ot e	Fi ia l d lia bi lit ie 28 ts na nc as se an s
14 .1 ts as se	C d fin ci al nt t ur re an no n- cu rr en an 28
14 .2	Ca sh d sh ui le 29 nt an ca eq va s
14 .3 Li ab ili tie	C d fin ci al nt t ur re an no n- cu rr en an 29 s
14 .4	N fin ci al de bt 32 et an
14 .5	D iv iv 32 at er es
N 15 ot e	Fi ia l In 33 str ts na nc um en
N 16 ot e	C tin lia bi lit ie 35 nt on ge s
N 17 ot e	O ff -B al Sh C itm 35 t ts an ce ee om m en
N 18 ot e	el ed rti R Pa 37 at es
N 19 ot e	Su bs 37 nt ts eq ue ev en

UNAUDITED CONSOLIDATED INTERIM STATEMENT OF INCOME

Fo rio d de d th six th 30 Ju r pe en e -m on ne
In € ill io m n	N ot e	20 24	20 23
Re ve nu e	No 5 te	2, 09 3. 3	1,9 23 .3
Ex l ter na ex pe ns es		(1 ,09 9. 7)	(9 93 .5)
St aff sts co	N 6 ot e	(7 06 .1)	(6 79 .1)
in O th in at op er g er co m e	No 7 te	0.5	5.7
Ot he in at r op er g ex pe ns es	No 7 te	(4 0.9 )	(2 6.7 )
ci ati D d tiz ati ep re on am or on an ex pe ns es		(6 3.8 )	(6 0. 3)
OP ER AT IN G PR OF IT /fL OS S)		18 3. 3	16 9. 4
Fi ial in na nc co m e	N eS ot	1.1	1.6
In te st re ex pe ns es	No 8 te	(9 5.5 )	(9 0. 5)
Co of de bt st t ne		(9 4. 4)	(8 8. 8)
O th fin in e/ (c ts) er an ce co m os	No 8 te	(2 8.6 )	(5 8.2 )
NE T FI NA NC IA L IN CO M E/ (E XP EN SE )		(1 23 .0)	(1 47 .0)
Sh of in fro ci & jo in t at t nt ar e m ne co m e as so es ve ur es		(2 .5)	(1 .3)
EA RN IN GS BE FO RE PR OV IS IO N FO R IN CO M E TA XE S		57 .8	21 .1
In tax co m e ex pe ns es	No te 9	(1 8.0 )	(9 .5)
PR OF IT /fL OS S) FR OM CO NT IN UI NG OP AT IO NS ER		39 .8	11 .6
di tin d Pr of it/ (Io ) fro io at ss m sc on ue op er ns		-	-
NE T IN CO M E/ fL OS S) FO R TH E PE RI OD		39 .8	11 .6
A ib ab le ttr ut to :
lli N in tro te sts on -c on ng re		5.2	5. 3
Sh eh ol de ar rs		34 .6	6.3
Ea in (in sh €) rn gs pe r ar e
sic in sh Ba ea rn gs ar e pe r	N 13 ot e	0. 08	0. 02
Di lu ted in sh ea rn gs pe r ar e	13 No te	0. 08	0. 02

UNAUDITED CONSOLIDATED INTERIM STATEMENT OF COMPREHENSIVE INCOME

th six th Fo rio d de d 30 Ju r e -m on pe en ne	N ot	20 24
ill io In € m n	e		20 23
N Fl FO IN CO M E/ (L OS S) R TH E PE RI OD		39 .8	11 .6
ig la tio ad ju Fo tra stm t re n cu rre nc y ns n en -		(6 .4)	6.6
Fa ir lu ad ju sh flo he dg stm t va e en on ca w e -		3.0	(1 .7)
-D ef d fai lu ad ju sh flo he dg tax stm t er re r va e en on on ca w e		(0 .5)	0. 3
IT EM S TO BE SU BS EQ UE NT LY RE CL AS SIF IE D TO OF LO SS PR IT OR		(3 .8)	5. 2
Ac ial in d lo tu ar ga s an ss es		-	—
D ef d ise d th h tax er re re co gn ro ug re se rv es		-	-
IT EM S NO T SU BS EQ UE NT LY RE CL AS SIF IE D TO OF OR LO SS PR IT		-	-
CH AN GE S IN CO M E DI RE CT LY AN D RE CO GN IS ED IN Ti EQ UI		(3 .8)	5. 2
TO TA L CO M PR EH EN SI VE CO E/ fL IN M OS S)		36 .0	16 .8
A ib ab le ttr ut to :
N lli in tro te sts on -c on ng re		5.7	5. 4
Sh eh ol de ar rs		30 .3	11 .4

UNAUDITED CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION

A	ss	et	s

In € ill io m n	N ot e	30 Ju 20 24 ne	31 D be 20 23 ec em r
Go od wi ll	No 10 te	2, 87 1.4	2, 83 4. 0
In gi bl tan ts e as se		24 5. 1	20 4. 7
Ri gh f-u t-o ts se as se		14 8. 1	14 9. 2
Pr pl ui d ty t t op er an an eq pm en ,		67 .3	70 .6
In in ci d jo in stm ts at t nt ve en as so es an ve ur es		42 .6	31 .7
N fin cia l nt ts on -c ur re an as se	No 14 .1 te	17 9. 6	5 22 8.
Ot he nt ts r no n- cu rre as se	No 11 .2 te	36 .7	36 .9
ef d D tax ts er re as se		71 .1	58 .4
N nt ts on -c ur re as se		3, 66 1.9	3, 61 4. 0
Pr od tio k in uc n -w or pr og re ss		81 9. 1	67 8. 1
Tr ad iv ab le e re ce s	No 11 .1 te	52 9. 7	58 8. 9
O th t ts er cu rr en as se	No 11 .2 te	39 0. 0	35 7. 6
Cu fin cia l nt ts rre an as se	No 14 .1 te	46 .1	30 .2
Ca sh d sh ui le nt an ca eq va s		39 7. 2	46 4. 2
A cla ssi fie d he ld fo le et ss s as r sa		-	-
Cu nt ts rre as se		2 18 2. 1	2, 11 9. 0
AS SE TS		5 84 4. 0	5, 73 3. 0

Equity and liabilities

In € ill io m n	N ot e	30 Ju 20 24 ne	31 be D 20 23 ec em r
Sh pi tal ar e ca		8. 1	8. 1
Sh iu ar e pr em m s		4, 10 8. 1	4, 10 8. 1
Tr sh ea su ry ar es		(0 .2)	(0 .2)
in ed in (d ef ici Re t) ta ea rn gs		(4 ,2 33 .9)	(4 ,14 3. 7)
in e/ (lo ) Ne ib ab le sh eh ol de t ttr ut to co m ss -a ar rs		34 .6	60 .8
Sh eh ol de ' ui ty ar rs eq		(8 3. 3)	33 .0
N lli in tro te sts on -c on ng re		18 .3	20 .2
TO TA L EQ UI TY		(6 5.0 )	53 .2
Ot he rit ie r se cu s		13 9. 4	13 9. 4
Lo bo wi d he fin cia l lia bi lit ie -te ot ng rm rro ng s an r an s	14 .3 No te	2, 44 5. 6	2, 55 1.9
Lo le lia bi lit ies -te ng rm as e		11 9. 9	12 6. 1
N isi nt on -c ur re pr ov on s		32 .7	34 .3
Ot he lia bi lit ies nt r no n- cu rre	11 .4 No te	40 9. 7	35 2. 5
ef d D lia bi lit ies tax er re		6.9	9 7.
N lia bi lit ie nt on -c ur re s		3, 15 4. 2	3, 21 2. 1
Sh bo wi d ba nk t-t dr af ts or er m rro ng s an ov er	No 14 .3 te	49 0. 2	35 8. 3
Sh le lia bi lit ies t-t or er m as e		46 .5	41 .8
Tr ad bl e pa ya es		66 0. 0	70 9. 7
Cu isi nt rre pr ov on s		17 .6	13 .5
Cu lia bi lit ies sto nt ct m er co ra	No 11 .3 te	93 4. 1	75 0. 0
O th lia bi lit ies t er cu rr en	No 11 .4 te	60 6. 5	59 4. 3
Li ab ili tie cla ssi fie d he ld fo le s as r sa		-	-
Cu lia bi lit ies nt rre		2, 75 4. 8	2, 46 7. 7
AN LIA S EQ D BI LIT IE UI TY		5,8 4 .0	5, 73 3. 0

UNAUDITED CONSOLIDATED INTERIM Statement of Cash Flows

€ ill io In m n of it/ (lo Pr ) 39 .8 ss 11 .6 dj A tm ts 29 9. 5 us en : 30 9. 0 Sh of of it/ (lo ) of ci d jo in at t nt 2.5 ar e pr ss 1.3 as so es an ve ur es A tiz ati im irm de ia tio la d isi t .5 m or on pa en 69 pr ec n, ss es an pr ov on s, , 60 .6 al of t ne re ve rs s Em pl be fit pl el ed LT IP & t-r at d ut 96 .0 oy ee ne s em oy m en ea rn -o an 88 1 tio op n ex pe ns es Co of fin cia l de bt le lia bi lit ies d st No 8 t ts 94 .4 an as e te 91 .9 an cu rr en ac co un , Ch in fa ir lu of fin cia l in str ts 18 .5 an ge va e an 31 .0 um en In N 9 ta 18 .0 co m e ex pe ns es ate 9.5 x O th ad ju ' stm ts 0. 6 er en 26 .6 GR OS S PR OV ID ED CA SH BY OP ER AT IN G AC TI VI TI ES 33 9. 3 32 0. 6 Ch rk in pi tal in (2 0.2 ) an ge s wo g ca (1 08 .4) In id tax (5 0.9 ) co m e pa (5 3.5 ) NE T CA SH FL OW S PR OV ID ED BY OP ER AT IN G AC TI VI TI ES 26 8.2 15 8.7 Pu ha of pl d ui d in ib le ty t t ta ts (5 7.5 ) (3 1.0 ) rc se pr op er an an eq pm en ng an as se , of Pu ha ol id ed ni of ire d sh d at t rc se s co ns co m pa es ac qu ne ca an , (3 3 6) (5 5) he lia bi lit ies la d bu sin bi tio ot te to r re es s co m na n In sti in ci d jo in 2 at t-v tu ve ng (7 .3) (1 2.6 ) as so es an en re s fin cia l In in ts No 14 .1 (1 7.5 ) an te (9 5.4 ) cr ea se as se Di als of pl d ui d in ib le ty t t ta sp os ts 0. 1 0.2 pr op er an an eq pm en an ng as se , ds Pr fro le of ol id ed af ni di d at te oc ee ste (2 .2) m sa s co ns co m pa es r ve , - sh ca D in fin cia l ts No 14 .1 33 .2 ec re as e an te 6.6 as se Di vi de nd iv ed 0.2 s re ce 0. 1 NE T CA SH PR OV ID ED BY /fU SE D FO R) AC ES IN VE ST IN G TI VI TI (8 4. 7) (1 37 .6) pi tal Ch in No 11 .7 12 .1 ca te an ge - Di vi de nd d sh iu di ib io id (1 48 .0) str ut No 12 .2 s an ar e te (1 48 .1) pr em m n pa Di vi de nd id by ol id ed ni th ei at to (1 7.7 ) s pa co ns co m pa es r no n- (1 7 3) lli in nt te sts co ro ng re Tr io wi th lli in ct nt te sts (0 .3) an sa ns no n- co ro ng re - ds fro bo wi Pr d he fin cia l lia bi lit ies ot N 14 .3 60 .2 oc ee m rro ng s ot 36 2. 4 an r an e Re of bo wi fin cia l d he lia bi lit ie t No 14 .3 (6 9.5 ) ot pa ym en rro ng s an an s te (1 14 .6) r Ot he sh ite la d fin cia l tiv iti te to 0.0 r ca m s re an ac es - In id te st (1 05 .7) (9 1.2 ) re pa FL OW S OM /fU NE T CA SH FR SE D IN ) FI NA NC IN G AC TI VI TI ES (2 69 .2) (8 .8) Im of ch in fo ig ch ct te 19 .3 pa an ge s re n (2 8.2 ) ex an ge ra s N in sh of ui le et nt cr ea se ec re as ca va s	Fo th six th rio d de d 30 Ju r e -m on pe en ne	N ot e	20 24	20 23






































	/(d e) d sh eq an ca	No 14 .2 te	(6 6.4 )	(1 5.9 )
Ne sh d sh ui le th be gi in of th rio d No 14 .2 46 2. 9 t nt at te 47 9. 4 an ca eq va s ca e nn g e pe
d sh N sh ui le th d of th rio d N et nt 14 .2 39 6.4 at ot ca an ca eq va s 46 3. 6 e en e pe e

(1) Other adjustments include notably I) unrealized foreign exchange gains; and ii) losses on disposal and liquidation ofsubsidiaries

(2) Investing in associates and joint-ventures has been reclassified from "Purchases of consolidated companies, net of acquired cash" to"Investinginassociatesandjoint-venture"

Initialed for identifiCation purposes only EY ACCOUB.V7 'Buifdinq a better working world

UNAUDITED CONSOLIDATED INTERIM STATEMENT OF CHANGES IN EQUITY

ill io In €m n	Sh ar e pi l ta ca	Sh ar e iu pr em m s	Tr ea su ry sh ar es	in ed Re ta in ea rn gs (d ef ici t)	O th er co m pr e- he iv ns e in co m e	Sh eh ol de ar rs ui ty eq	No n- lli nt co ro ng in te sts re	To tal ui ty eq
BA LA NC JA AR E AS OF 1 NU Y 20 23	8. 0	4, 14 0. 3	(0 .1)	(4 ,1 15 .8)	(2 0. 7)	11 .7	6. 3	18 .0
Ne in e/ (lo ) t co m ss	-	-	-	6.3	-	6.3	5. 3	11 .6
Ot he eh siv in r co m pr en e co m e	0. 0	0. 0	-	0. 0	5. 1	5. 1	0. 1	5. 2
tal eh siv To in co m pr en e co m e	0. 0	0. 0	-	6.3	5. 1	11 .4	5. 4	16 .8
Di vi de nd d sh iu an ar e pr em m di ib io str ut n	-	(1 48 .1)	-	-	-	(1 48 .1)	(1 7.4 )	(1 65 .5)
Sh ba d t ar e- se pa ym en	-	-	-	4. 2	-	4.2	0. 2	4. 5
Ch in lli nt an ge s no n- co ro ng in th in in /(l te sts lt s) at re a ga os re su of l nt co ro	-	-	-	-	-	-	3. 0	3. 0
Tr sh ea su ry ar es	-	-	0. 0	-	-	0.0	-	0. 0
Ot he ria tio in in ed ta r va ns re in ea rn gs	-	-	-	(7 .1)	-	(7 .1)	4 7.	0. 3
BA LA NC E OF 20 23 AS 30 JU NE	8. 0	3, 99 2. 2	(0 .0)	(4 ,1 12 .4)	(1 5. 6)	(1 27 .9)	4. 9	(1 22 .9)

€m ill io In n	Sh ar e pi tal ca	Sh ar e iu pr em m s	Tr ea su ry sh ar es	Re in ed ta in ea rn gs (d ef ici t)	Ot he r co m pr e- he iv ns e in co m e	Sh eh ol de , ar rs ui ty eq	N on lli nt co ro ng in te sts re	tal To ui ty eq
BA LA NC E AS OF 1 JA NU AR Y 20 24	8. 1	4, 10 8. 1	(0 .2)	(4 ,05 1.4 )	(3 1.5 )	33 .0	20 .2	53 .2
Ne in e/f lo ) t co m ss	-	-	-	34 .6	-	34 .6	5. 2	39 .8
eh siv O th in er co m pr en e co m e	-	-	-	-	(4 .3)	(4 .3)	0. 5	(3 .9)
tal eh siv in To co m pr en e co m e	-	-	-	34 .6	(4 .3)	30 .3	5. 7	36 .0
pi tal Ca in cr ea se	-	-	-	-	-	-	-	-
Di vi de nd d sh iu an ar e pr em m di ib io str ut n	-	-	-	(1 48 .0)	-	(1 48 .0)	(1 2.9 )	(1 60 .9)
Sh ba d t ar e- se pa ym en	-	-	-	21 .7	-	21 .7	1.2	22 .9
Ch in lli nt an ge s no n- co ro ng in th lt in te sts at re re su a in /f l lo ss) of nt ga co ro	—	—	—	—	—	-	—	—
Ch in lli nt an ge s no n- co ro ng in lt th in te sts at re re su a in /fl s) of l nt ga os co ro	-	-	-	(1 4. 8)	-	(1 4. 8)	(2 .0)	(1 8) 6.
Tr sh ea su ry ar es	-	-	-	-	-	-	-	-
O th ria tio in in ed ta er va ns re in ea rn gs	-	-	-	(5 .5)	-	(5 .5)	6. 1	0. 6
BA LA NC E AS OF 30 JU NE 20 24	8. 1	4, 10 8. 1	(0 .2)	(4 ,1 66 .8)	(3 5. 9)	(8 3. 3)	18 .3	(6 5.0 )

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

Note 1 BusiNEss PRESENTATION

1.1 Presentation of the business

Following the chonge of name of FL Entertainment N. V to Bonijay Group N. V, the following entities also change their respective name: Banijoy Group Holding SAS become Banijay Holding and Banijoy Group SAS became Banay SAS.

Banijay Group N.y., a Dutch-based holding, hereafter "Banijay Group", "the Company" or "the Parent Company", detains and fosters the development of its controlled subsidiaries. It encompasses two main businesses operating in the Content production & distribution business and the Online sports betting & gaming business.

The audiovisual entertainment business, hereafter "the Content production & distribution", is mainly represented by Banijay SAS and its subsidiaries, hereafter "Banhjay Entertainment", which operates in the production of audiovisual programs, distribution and marketing of intellectual property rights in relation to audiovisual, digital contents and/or formats and the production of live experiences.

The online sports betting & gaming business, hereafter "the Online sports betting & gaming business" is represented by Betclic Everest Group SAS and its subsidiaries, hereafter "Banijay Gaming" or "BEG", which operates through its subsidiaries in the European and African online sports betting, online casinos, online poker and online turf. It operates under the names of its known brands such as Betclic and Bet-at-home, the latter being the brand name of bet-at-home.com AG, a listed company on the Frankfurt stock exchange.

These two businesses together compose the Group, hereafter "the Group".

1.2 Seasonal activity

Content production & distribution business interim production operations can be impacted by the timing of delivery of both scripted and non-scripted productions (and thus affecting the level of revenue and work in progress). The distribution activity tends to present a more important seasonality in the last quarter of the year but is also impacted by the timing of recoupment of its distribution advances. The live experiences activity can be impacted by the seasonality of major events.

The online sports betting & gaming business primarily generates its revenues from the sports betting segment.

Sports betting volumes follow the various sports calendars. With football being the main attractive sport within the business, the online sports betting volumes tend to follow its calendar typically starting in August and ending in May. Volumes are consequently higher during this period. The organization of international events such as the FIFA World Cup or the European Football Championship, which usually take place during the summer break, leads to additional significant betting & players activity.

In casino games and online poker segments, business volumes remain relatively stable throughout the calendar year, with an increase in activity during the winter season.

Regarding Online sports betting, being fixed odds betting, its revenues rely on the outcome sport betting margin, which represents the difference between bets and winnings. The margin is highly correlated with the results of the favorite teams, causing short-term fluctuations that directly impact positively or tgdiively Ilie tiridriLiul results. However, being driven by its statistical approach, the sport margin will always coi long-term to the applied sport pricing strategy. for identification

It is important to note that in jurisdictions where betting taxes are applied on the wagered amounts (e.g., Portugal or Poland), any adverse impact on the sports betting margin will further affect profitability and subsequently the overall results of operations and the business.

Note 2 BASIS OF PREPARATION

2.1 Statement of compliance

The unaudited condensed consolidated interim financial statements for the six-month period ended 30 June 2024 have been prepared in accordance with lAS 34 — Interim Financial Reporting of the International Financial Reporting Standards (IFRS) as adopted by the European Union (EU) and available on the European Commission website.

The unaudited condensed consolidated interim financial statements do not include all the information requited for a complete set of financial statements prepared in accordance with International Financial Reporting Standards ("IFRS') as endorsed by the European Union and should be read in conjunction with the consolidated financial statements as of and for the year ended 31 December 2023, that have been authorized for issuance by the Board of Directors at its meeting held on 28 March 2024 and for which an unqualified auditor's opinion was issued by Ernst & Young Accountants LLP thereon.

These unaudited condensed consolidated six-month financial statements were authorized for issue by the Board of Directors 15t August 2024.

All amounts in the unaudited condensed interim consolidated financial statements are presented in millions of Euros with one decimal point, unless otherwise specified. The fact that figures have been rounded off to the nearest decimal point may, in certain cases, result in minor discrepancies in the totals and sub-totals in the tables and/or in the calculation of percentage changes.

2.2 Significant accounting policies

The accounting policies applied in these unaudited condensed consolidated interim financial statements are the same as those applied in the consolidated financial statements as of and for the year ended 31 December 2023, except for the estimation of the income tax expense which is recognized based on management's estimate of the weighted average effective annual income tax rate expected for the full year.

The new and amended standards effective from 1 January 2024 do not have a material effect on the unaudited condensed consolidated interim financial statements.

The unaudited condensed consolidated interim financial statements are presented in euros. Unless otherwise indicated, all amounts are rounded to the nearest hundred thousand euros, rounding differences may occur.

Pillar Two legislation has been enacted or substantively enacted in certain jurisdictions in which the Group operates. The legislation is effective for the Group's financial year beginning 1 January 2024. The Group has performed a first assessment of the Group's potential exposure to Pillar Two income taxes. This assessment is based on the most recent information available regarding the financial performance of the constituent entities in the Group. Based on the assessment performed, there are a limited number ofjurisdictions where the transitional safe harbour relief does not apply. The Group has performed a detailed computation for these jurisdictions. However, the Group does not expect a material exposure to Pillar Two income taxes to date.

2.3 Accounting standard applied

Standards, amendments and interpretation adopted by the European Union and effective for reporting periods beginning on or afterJanuary 1, 2024

The new and amended standards effective from 1 January 2024 do not have a material effect on the unaudited condensed consolidated interim financial statements.

A dm RS 16 ts IF to m en en	Le Li ab ili in Sa le d Le eb k ty as e a an as ac
dm A lA S 1 ts to m en en	Pr tio of Fi ia l St ta at ts es en n na nc em en :
	Cl sif ic io of Li ab ili tie C at N nt nt • as n s as ur re or on -c ur re ;
	N Li ab ili tie ith C nt ts • on -c ur re s w ov en an
dm A lA S ts 7 d IF RS to 7 m en en an	Su lie Fi A ts pp r na nc e rr an ge m en

The following amendments to IFRSs are effective as from January 1, 2024:

These amendments did not impact the interim condensed consolidated financial statements for the six months ended June 30, 2024.

Standards, amendments and interpretation published by the IASB byt not yet adopted by the European Union

Certain new accounting standards and amendments have been published by the IASB but are not yet adopted by the European Union, and have not been early adopted of which

A dm lA S 21 ts to m en en	ck La of Ex ch ab ili ty an ge	Ja 1, 20 25 nu ar y
A dm IF RS 9 d RS ts to IF 7 m en en an	dm A th Cl sif ic io ts d to at m en en e as n an M of Fi ia l t In st ts ea su re m en na nc ru m en	Ja 1, 20 26 nu ar y
RS IF 18	Pr tio d D isc lo in Fi ia l ta es en n an su re na nc St at ts em en	Ja 1, 20 27 nu ar y

Banijay Group N.y has not yet carried out a detailed analysis of the impact of applying IFRS 18 on the presentation of its consolidated financial statements. The group does not expect the application of the other standards and amendments set out above to have a material impact.

2.4 Scope of consolidation

		% of hi in te st ow ne rs p re
N of th leg al tit am e e en y or b- su gr ou p	Co of In atI try un co rp or on	30 Ju 20 24 ne	31 D be 20 23 ec em r
nij Ba Gr N ay ou p .y	Th he rla nd N et e s	Pa nt re co m pa ny	Pa nt re co m pa ny
nij Ba Ev SA S ts ay en	Fr an ce	10 0. 00 %	10 0. 00 %
nij Ba Ho ld in SA S ay g	Fr an ce	10 0. 00 %	10 0. 00 %
nd Fo de do tio FL E SA S ta s n	Fr an ce	10 0. 00 %	10 0. 00 %
FL E Ho ld in 1 SA S g	Fr an ce	10 0. 00 %	10 0. 00 %
Ba nij Ex rie SA S ay pe nc e	Fr an ce	10 0. 00 %	10 0. 00 %
Su b- Gr Be tcl ic Ev t ou p er es Gr ou p Be tcl ic. Ev t er es - Gr ou p	Fr an ce	94 .60 %	94 .60 %
Su b- Gr nij Ba ou p ay Ba nij Gr ay ou p - SA S	Fr an ce	98 .04 %	98 .04 %

The legal entities and sub-groups forming part of the Group are as follows:

All companies and sub-groups in the table above are fully consolidated. However, the sub-groups have interests in associates and joint ventures.

2.5 Significant assumptions and estimates

The preparation of these condensed consolidated interim financial statements requires the Group's management to make assumptions and estimates that may affect the application of the accounting methods, and the reported amounts of assets and liabilities, as well as certain income and expenses for the period. In addition, with those described in the consolidated financial statements as of and for the year ended 31 December 2023, significant assumptions and estimates include the income tax and the classification of the investments made this year.

2.6 Going concern

The management assessed the Group's ability to continue as a going concern when preparing the consolidated financial statements.

Balance sheet

As of 31 December 2023, the equity turned positive for a total amount of €53.2 million. The negative equity as of 30 June 2024 is related to a seasonally effect following the dividend distribution in June 2024. In addition, the current part of the financial liabilities is covered by the current part of the financial assets and cash and cash equivalents held by the Group.

Net result

The result continues to be positive in the first half year of 2024.

Liquidity / Forecast

In terms of liquidity, the management has performed a monthly cash flow forecast for the next year. This forecast includes an organic growth with a high degree of certainty predictability due to the group activity, dividend cash out and repayment of borrowings and other financial liabilities. This forecast confirmed the absence of solvency risk and that the group is confident in its capacity to cover its needs. In addition, there is no breach of financial covenants to be reported.

Sensitivity test

As of 31 December 2023, the Group also modelled a scenario assuming a decrease of 10% of activity in 2024 and 2025 compared to the budget 2024 and Business plan 2025 to assess whether there is sufficient liquidity position. In this scenario, the Group would have enough liquidity and financing facilities to continue its operation. A stress test to a decrease of activity by 15% was also performed and led to the same conclusion.

Other lines of credit

In addition, as explained in Note 16, as of 30 June 2024, undrawn committed lines of credit, overdrafts and other borrowings have been obtained for a total of €175 million compared to €220 million in December 2023. The Banijay Entertainment business is subject to financial covenants, namely concerning RCF (revolving credit facility) in the event of a drawdown of 40%. On 30 June 2024, Banijay Entertainment has drawn €45 million from its secured revolving credit facility (RCF). The remaining amount left undrawn.

Conclusion

Based on the above, management considers the Group has sufficient resources to continue operating for at least 12 months and that there are no material uncertainties about the Group's ability to continue as going concern.

Note 3 SIGNIFICANT EVENTS THAT OCCURRED IN THE THREE-MONTH PERIOD ENDED 30 JUNE 2024

3.1 Holding

On 15 May 2024, FL Entertainment announces a group-wide global rebrand. Leveraging the powerful, worldrenowned Banijay brand, which has established itself as a beacon for innovation and creativity in the entertainment industry globally, Ft Entertainment has been renamed Banijay Group. The new branding reflects the ambition of the Group to be the European leader in the global entertainment industry. The Group will now comprise:

• Banijay Entertainment (which includes the leading Content production & distribution business formerly "Banijay", with 130+ production companies across 21 territories, the content powerhouse creates and distributes culture-defining IP for audiences globally), and Banijay Live (formalizing our live experiences business and cementing its ambition to be a consolidator in this market. With Balich Wonder Studio and a minority investment in The Independents, the leading player in live experiences and specialize in the production of institutional ceremonies and live events in the sports, luxury and fashion industries).
• Banijay Gaming - regrouping our Online sports betting & gaming business. The consumer-facing brands "Betclic" and 'Bet at Home" - leaders in several European countries, and Africa - remain unchanged.

From a financial reporting perspective, the Group will continue to its operational activities in two business segments:

• Content production & distribution, incorporating Banijay Entertainment and Banijay Live;
• Online sports betting & gaming, incorporating Banijay Gaming.

3.2 Banijay Entertainment

Acquisition ofAuthentic Media

On 11 January 2024, Banijay France SAS acquired Authentic Productions, based in France. The entity is produces scripted content in several formats (short, 26', 52' and 90') and genres (drama, comedy, crime) mainly for linear broadcasters and, hopefully in the future, for platforms. This acquisition is not significant considering the size of the group.

Acquisition of GloNation

On 3 May 2024, HMGGLO (via Hyphenate Media Group), acquired Gloria Calderon Kelletts scripted company, GloNation, based in the United States of America. Glonation is a TV production company focused on scripted English programs portraying characters with Latin American heritage. This acquisition is not significant considering the size of the group.

Acquisition of Garrison Drama (ex-Caryn Mandabach Production)

On 5 June 2024, Banijay Media Limited (UK based), acquired Caryn Mandabach Productions (CMP) based in the United Kingdom. The entity is an award winning, independent television and film production company which owns parts of the rights of BAFTA winning drama PEAKY BLINDERS. This acquisition is not significant considering the size of the group.

Repricing Term Loans

on 1 February 2024, Banijay Entertainment 5.A.S has announced that it successfully repriced its €555 million term loan facility (the "EUR Term Loan") at EURIBOR plus 3.75% and its \$554 million term loan facility (the "USD Term Loan") at SOFR plus 3.25%, in each case at par. The repricing will reduce the margins on the term loans from EURIBOR plus 4.50% for the EUR Term Loan and from SOFR plus 3.75% for the USD Term Loan. This transaction is not significant on the period.

3.3 Banijay Gaming

None

Note 4 SEGMENT INFORMATION

As described in Note 1.1 Presentation of the business, the Group operates two operating segments which reflect the internal organizational and management structure according to the nature of the products and services provided:

- Banijay Entertainment : incorporates the activities of production, distribution and marketing of content property rights for television and multimedia platforms as well as the production of live experiences. and
- Banijay Gaming : comprises sports betting, poker, casino and turf.

As of 30 June 2024, the internal reporting has been slightly modified to focus on Banijay Group operational activities. Consequently, Banhjay Group Holding has been reallocated to the Holding segment. The following tables present information in accordance with this new allocation, and the comparative information has been restated in accordance with IFRS 8, Operating segments.

The following tables present information with respect to the Group's business segments in accordance with IFRS 8 for the three-month periods ended 30 June 2024 and 2023.

Profit & Loss per segment

Fo th six th rio d de d r e -m on pe en			20
30 Ju ne		24
In €m dh ion	Ba nij ay En in te rta t m en	nij Ba Ga in ay m g	Ho ld in g	In te rc om pa ny eli in ati m on	tal Gr To ou p
Ne t re ve nu e	1,3 95 .8	69 7. 6	-	-	2, 09 3. 3
A dj d EB IT DA te us	19 6.4	17 6.4	(5 .2)	-	36 7. 5
Op ati of it/ flo ss) er ng pr	74 .1	12 4. 4	(1 5. 2)	-	18 3. 3
C fn de bt to et os	(8 2.5 )	(8 .0)	(3 .8)	-	(9 4. 4)
Co ol id ed in at t ns ne co m e	(3 1) 6.	90 .5	(1 4. 6)	-	39 .8
A ib ab le ttr ut to :
lli N in tro te sts on -c on ng re	(0 .9)	1 6.	-	-	5. 2
Sh eh ol de ar rs	(3 5.2 )	84 .4	(1 4. 6)	-	34 .6

For the six-month period ended 3OJune

3O Ju ne	20 23
In € ill io m n	Ba nij ay En in te rta t m en	nij Ba Ga in ay m g	ld in Ho g	In te rc om pa ny eli in ati m on	To tal Gr ou p
N et re ve nu e	1,4 34 .0	48 9. 3	0.0	-	1,9 23 .3
A dj d EB IT OA te us	20 0. 7	13 0. 2	(3 .5)	-	32 3 7.
Op ati of it/ (lo ) er ng pr ss	86 .8	94 .0	(1 1.5 )	-	16 4 9.
C fn de bt to et os	(8 2.7 )	(5 .0)	(1 .1)	-	(8 8. 8)
Co ol id ed in at t ns ne co m e	(3 1.1 )	73 .5	(3 0. 8)	-	11 .6
A ib ab le ttr ut to :
No olf lng in ntr ter ts n- co es	0. 7	4. 6	-	-	5. 3
Sh ho lde are rs	(3 1.8 )	68 .9	(3 0. 8)		6.3

Adjusted EBITDA

The Group considers Adjusted EBITDA to be a useful metric for evaluating its operating performance as it facilitates a comparison of its core operating results from period to period by removing the impact of, among other things, its capital structure, asset base and tax consequences. Adjusted EBITDA is a non-IFRS measure and, as a result, these measures and ratios may not be comparable to measures used by other companies under the same or similar names.

Adjusted EBITDA is defined as the Operating Profit for that period excluding restructuring costs and other noncore items, costs associated with the long-term incentive plan within the Group (the LTlP") and employment related earn-out and option expenses, and depreciation and amortization (excluding D&A fiction and operational provisions).

Those adjustments items include:

Restructuring costs and other non-core items: due to their unusual nature or particular significance, these items are excluded. In general, these items relate to transactions that are significant, infrequent, or unusual. However, in certain instances, transactions, such as restructuring costs or asset disposals, which are not representative of the normal course of business (referred as "non-core items"), may be adjusted although they may have occurred within prior years or are likely to occur again within the coming years. The details of these costs are provided in Note 7.
LTIP and other long-term incentive plans: reference is made to Employee benefits Long-Term Incentive Plans and Employee benefits obligations resulting from a business acquisition arrangement. The details of these costs are provided in Note 6.
Depreciation and amortization (excluding D&A fictions and operational provisions): depreciation and amortization of software and intangible assets, property, plant and equipment own property, right-ofuse and intangible assets acquired in business combinations. D&A fiction are costs related to the amortization of fiction production, which the Group considers to be operating costs. As a result of the D&A fiction, the depreciation and amortization line item in the unaudited consolidated financial statement of income deviates from the depreciation and amortization costs in this line item.

The table below presents the reconciliation of operating profit before exceptional items and amortization of acquisition-related intangibles to Adjusted EBITDA for the six-month periods ended 30 June 2024 and 30 June 2023

th six th Fo rio d de d 30 Ju r e -m on pe en ne	20 24
ill io In € m n	Ba nij ay in En te rta t m en	nij Ba ay Ga in m g	Ho ld in g	To tal Gr ou p
Op ati of it/ (Io ): er ng pr ss	74 .1	12 4. 4	(1 5. 2)	18 3. 3
Re rin d he str tu sts ite ot uc g co an r no n- co re m s	23 .0	1.5	1.8	26 .3
LT IP d pl el ed d tio t-r at ut an em oy m en ea rn -o op n an ex pe ns es	43 .1	44 .7	8.2	96 .1
D ci ati d tiz ati (ex clu di D& A ep re on an am or on ng d D& fic tio A al rri t n an ne or re ve rs s on no n- re cu ng isi ) pr ov on	56 .2	5.7	0. 0	61 .8
AD JU ST ED EB IT DA	19 6.4	17 6.4	(5 .2)	36 7. 5

(1) 2.8 million offirst amortization offiction production recognised in 2024

Fo th six th rio d de d 30 Ju r e -m on pe en ne	20 23
In €m ill io n	nij Ba ay in En te rta t m en	Ba nh jay Ga in m g	Ho ld in g	tal To Gr ou p —
Op ati of it/ (Io ): er ng pr ss	86 .8	94 .0	(1 1.5 )	16 9. 4
rin Re d he ite str tu sts ot uc g co an r no n- co re m s	7.5	1.6	0. 5	9. 5
d pl el ed LT IP d tio t-r at ut an em oy m en ea rn -o an op n ex pe ns es	51 .0	29 .7	7. 4	88 .1
D ci ati d tiz ati (e lu di D& A ep re on an am or on xc ng fic tio D& A al rri t n ne or re ve rs s on no n- re cu ng isi ) pr ov on	55 .4	4. 9	0. 0	60 .3
AD JU ST ED EB IT DA	20 0. 7	13 0. 2	(3 .5)	32 3 7.

Balance Sheet per segment

	30 Ju 20 24 ne
In €m ill io n	Ba nij ay En in te rta t m en	in Ba nij Ga m g ay	ld in Ho g	In te rc om pa ny eli in ati m on	tal To Gr ou p
N nt ts on -c ur re as se	3, 22 8. 6	31 4. 0	11 2 9.	-	3, 1.9 66
Cu nt ts rre as se	1,9 10 .7	25 9. 0	13 .1	(0 .6)	2, 18 2. 1
To tal ts as se	5, 13 9. 3	57 3. 0	13 2. 3	(0 .6)	5, 84 4. 0
N lia bi lit ies nt on -c ur re	2, 95 6. 9	29 .9	16 7. 5	-	3, 15 4. 2
Cu lia bi lit ies nt rre	1,9 73 .1	56 5. 8	21 6. 5	(0 .6)	2, 75 4. 8
To tal lia bi lit ie (e lu di ui ) ty s xc ng eq	4, 93 0. 0	59 5. 7	38 4. 0	(0 .6)	5, 90 9. 1

		31 D be 20 23 ec em r
In € ill io m n	nij Ba ay En in te rta t m en	Ba nij Ga in ay m g	ld in V Ho g	In te rc om pa ny eli in ati m on	To tal Gr ou p
N nt ts on -c ur re as se	3, 16 7. 7	32 9. 9	6.5 11	-	3, 61 4. 0
Cu nt ts rre as se	1,9 22 .0	19 2.4	17 .7	(1 3. 1)	2, 11 9. 0
To tal ts as se	5, 08 9. 6	52 2. 3	13 4. 2	(1 3. 1)	5, 73 3. 0
N lia bi lit ies nt on -c ur re	2, 81 3.4	20 6.0	19 2. 7	-	3, 21 2. 1
Cu lia bi lit ies nt rre	1,9 52 .3	34 7. 3	18 1.3	(1 3. 1)	2, 46 7. 7
lia bi lit ie To tal (e lu di ui ) ty s xc ng eq	4, 76 5. 7	55 3. 3	37 4. 0	(1 3. 1)	5, 67 9. 8

Banay Entertainment

Non-current assets are mainly constituted by goodwill resulting from Banijay Entertainment's acquisitions, intangible assets, right-of use assets, property, plant and equipment, financial interests in non-consolidated companies, the non-current portion of the derivative financial assets and deferred taxes.

Current assets are mainly constituted by trade receivables, cash and cash equivalents, tax and grant receivables and work in progress which correspond to costs incurred in the production of non-scripted programs (or scripted programs for which the Group does not expect significant subsequent Intellectual Property revenue) that have not been delivered at reporting date, as the Group recognises its production revenue upon delivery of the materials to the customer.

Non-current liabilities include primarily long-term borrowings, long-term lease liabilities, employee-related longterm incentives, long-term liabilities on non-controlling interests and other non-current liabilities.

Current liabilities are mainly constituted by short-term borrowings, trade payables, employee-related payables, tax liabilities, short term liabilities on non-controlling interests, employments-related earn out and option obligations and deferred income that relates to undelivered programs that are work-in progress (or intangible assets-in-progress) and that have already been invoiced. This deferred income corresponds to the contract liabilities (in accordance with IFRS 15).

Banijay Gaming

Non-current assets are mainly composed of goodwill generated from acquisitions, intangible assets (mainly IT software and online gaming platform), right-of use assets, fair value of financial derivatives (interest rate swap on loans) and non-current restricted cash and cash equivalents.

Current assets primarily comprise cash and cash equivalents, trade receivables from providers (refer to Note 11.1), and other current assets.

Non-current liabilities are composed by long-term borrowings and employee-related long-term incentives.

Current liabilities are primarily constituted by short-term borrowings, betting taxes, income taxes, liabilities related to the Betclic Everest Group's incentive plans (LTIP) and Liabilities for gaming bets (refer to Note 11.3).

Holding

Non-current assets are mainly composed of financial assets.

Current assets are mainly constituted by tax receivables (excluding income tax) and cash and cash equivalents.

Non-current liabilities mainly comprise other securities, employee-related long-term incentives, long-term liabilities on non-controlling interests and other non-current liabilities.

Current liabilities correspond mainly to supplier payables and vendor loans issued in the context of the transaction occurred in 2022, employee-related long-term incentives.

Net debt per segment

	30 Ju 20 24 ne
In € ill io m n	Ba ija n y in En te rta m t en	Ba ni iay Ga in m g	Ho ld in g	In te rc om pa ny eli in ati m on	To tal Gr ou p
Bo nd s	1,2 98 .3	-	-	-	1,2 98 .3
Ba nk bo wi d he ot rro ng s r an	1,2 57 .1	20 1.7	-	-	1,4 58 .7
d in Ac bo nd d ba nk bo wi te sts cr ue re s on an rro ng s	28 .1	0. 1		-	28 .2
V do lo en r an s		-	14 7. 7	-	14 7. 7
Ba nk dr af ts ov er	0. 8	-	-	-	0. 8
To tal in de bt ed ba nk d he ot ne ss an r	2, 58 4. 2	20 1.8	14 7. 7	-	2, 93 3. 6
Ca sh sh ui le d nt ca eq va s an	(2 77 .5)	(1 09 .8)	(9 .8)	-	(3 97 .2)
Fu nd in of (1) Ga rd ia g en	-	-	(8 2.5 )	-	(8 2. 5)
Tr ad iv ab le id e re ce s on pr ov er s	-	(7 9.0 )	-	-	(7 9.0 )
Pl s' lia bi lit ies ay er	-	60 .0	-	-	60 .0
Ca sh in d ic d sh tru sts str te an re ca	-	-	(0 .3)	-	(0 .3)
d Ne sh sh ui le d he t nt ot an ca ca eq va s an r	(2 77 .5)	(1 28 .9)	(9 2.7 )	-	(4 99 .0)
de bt N be fo de riv ati ef fe et ct re ve s s	2, 30 6. 7	72 .9	55 .1	-	2, 43 4. 6
riv ati De lia bi lit ies ve s —	2. 1	-	-	-	2. 1
De riv ati ts ve s as se —	(3 5. 3)	(1 .0)	-	-	(3 6.4 )
NE T DE BT	2, 27 3. 5	71 .9	55 .1	-	2, 40 0. 4

(1) Fair value of the financial instrument represents the funding by Banijoy Group of the entity "Gardenia" as described in the Note 23.1 to the Consolidated Financial Statements as of 31 December 2023, in Section 6.1.6 of the 2023 Universal Registration Document.

	31 D be 20 23 ec em r
ln € ih io m n	Ba ij n ay En in te rta m t en	nij Ba ay Ga in m g	Ho ld in g	In te rc om pa ny eli in ati m on	tal To Gr ou p
Bo nd s	1,2 84 .2		-	-	1,2 84 .2
nk bo wi Ba d he ot rro ng s an r	1,2 13 .7	22 3. 6	-	-	1,4 37 .3
Ac d in bo nd d ba nk bo wi te sts cr ue re on s an rro ng s	37 .0	0. 2		-	37 .2
V do lo en r an s			14 3.5	-	14 3. 5
nk dr af Ba ts ov er	1.5	-	-	-	1.5
To tal ba nk in de bt ed d he ot ne ss an r	2, 53 6. 4	22 3. 8	14 3. 5	-	2, 90 3. 7
sh Ca d sh ui le nt an ca eq va s	(3 69 .4)	(9 3.3 )	(1 .5)	-	(4 64 .2)
nd in Fu of G de ni 2) g ar a	-	-	(7 9.7 )	-	(7 ) 9.7
Tr ad iv ab le id e re ce s pr ov er s on	-	(6 0. 8)	-	-	(6 0. 8)
Pl s' lia bi lit ies ay er	-	50 .2	-	-	50 .2
sh Ca in d ic d sh tru sts str te an re ca	-	(3 0.7 )	(0 .3)	-	(3 1.0 )
sh d sh ui le Ne d he t nt ot ca an ca eq va s an r	(3 69 .4)	(1 34 .6)	(8 1.5 )	-	(5 85 .5)
ef fe Ne de bt be fo de riv ati ct t re ve s s	2, 16 7. 0	89 .1	62 .0	-	2, 31 8. 2
De riv ati lia bi lit ies ve s —	6.4	-	-	-	6. 4
riv ati De ts ve s as se —	(4 4.0 )	(0 .6)	-	-	(4 4. 6)
NE T DE BT	2, 12 9. 4	88 .6	62 .0	-	2, 28 0. 0

(2) Fair value of the financial instrument represents the funding by Bonijay Group of the entity "Gardenia" as described in the Nate 23.1 to the Consolidated Financial Statements as of 31 December 2023, in Section 6.1.6 of the 2023 Universal Registration Document.

The variation of the bank indebtedness for Banijay Entertainment is mainly explained by ti) a FX impact of +€29 million, (U) an increase in bank borrowings attributable to a drawdown on the revolving credit facility (RCF) for €+45 million, and (Hi) an impact of accrued interests for -€9 million;

The variation of the bank indebtedness for Banijay Gaming is mostly explained by repayment of bank borrowings.

For the Holding segment, the variation of the gross debt is mainly explained by the accrued interest of the halfyear on the vendor loans granted by some shareholders as part of the group reorganization in June 2022.

Statement of Cash Flows and Free-Cash flow

			24
Ba nij ay in En te rta t m en	nij Ba ay Ga in m g	ld in Ho g	In te rc om pa ny eli in ati m on	To tal Gr ou p
13 1.6	14 2. 0	(5 .4)	-	26 8. 2
(9 6.3 )	11 .8	15 0. 3	(1 50 .5)	(8 4. 7)
(1 45 .8)	(1 37 .2)	(1 36 .6)	15 0. 5	(2 69 .2)
19 .3	-	-	-	19 .3
(9 1.3 )	16 .5	8.3	-	(6 6.4 )
36 8. 1	93 .3	1.5	-	46 2. 9
27 8 6.	10 9. 8	9.9	-	39 6. 5
				20

six th Fo th rio d de d 30 Ju r e -m on pe en ne	20 24
in €m iii io n	Ba nij ay in En te rta t m en	Ba nij in Ga ay m g	Ho ld in g	tal To Gr ou p
A dj d EB IT DA te us	19 6.4	17 6.4	(5 .2)	36 7. 5
Pu ha of pl d ui ty t t rc se pr op er an an eq pm en , d in ib le of di al ta ts t an ng as se ne sp os ,	(4 3. 1)	(1 4. 4)	-	(5 7. 4)
To tal sh tfl fo le th at t ca ou ow s r as es ar e no ise d al nt re co gn as re ex pe ns es	(2 3.6 1	(1 .8)	-	(2 5.4 )
AD ST FR EE -C AS H JU ED RO W	12 9. 8	16 0. 1	(5 .2)	28 4. 7
Ch rk in in pi tal clu di LT IP an ge s wo g ca ex ng io l ite ts pt pa ym en ex ce na m s ,	11 .8	17 .8	(0 .1)	29 .5
id In tax co m e pa	(3 2.5 )	(1 8.4 )	-	(5 0. 9)
AD JU ST ED OP ER AT IN G FR EE -C AS H OW FL	10 9. 1	15 9. 5	(5 .3)	26 3. 3

it ia le d In fo id tif ic io ly at r en n. pu rp os es on
EY A C C O U .V V
ui l d i E Y B be n g tte a r rki rld wo ng wo

For the six-month period ended 30 June

In €m ih io n	nij Ba ay in En te rta t m en	Ba nij ay Ga in m g	Ho ld in g	In te rc om pa ny eli in ati m on	To tal G ro up
sh flo Ne fro in tiv iti t at ca w m op er g ac es	96 .6	71 .2	(9 .0)	-	15 8. 7
Ca sh (u d in )/f flo in sti tiv iti se ro m ve ng w ac es	(4 5.4 )	(0 .8)	15 3. 6	(2 45 .0)	(1 37 .6)
sh (u d in )/f Ca flo fin cin tiv iti se ro m w an g ac es	(3 2.5 )	(7 4. 8)	(1 46 .5)	24 5. 0	(8 .8)
Im of fo ig ch ct te pa re n ex an ge s ra s	(2 2.2 )	-	-	-	(2 8. 2)
NE T IN CR EA SE /(D EC RE AS E) IN CA SH AN D CA SH EQ UI VA LE NT S	) 9 3	) 4 5	( ) 2 1	-	15 9
Ca sh sh ui le d of Ja nt an ca eq va s nu ar as ; y	39 6. 8	72 .1	10 .5	-	47 9. 4
Ca sh d sh ui le of 30 Ju nt an ca eq va s as ne	38 7. 6	67 .6	8.4	-	46 3. 6

2023

For the six-month period ended 30 June

Fo rio d de d 30 Ju r pe en ne	20 23
€m ih io In n	E tf lY t	nij in Ba Ga ay m g	Ho ld in g	To tal Gr ou p
A dj d EB IT DA te us	20 0. 7	13 0. 2	(3 .5)	32 7. 3
Pu ha of ui pl d ty t t rc se pr op er eq pm en an an , d in gi bl of di al tan ts t an e as se ne sp os ,	(27 0)	(3 8)	(0 0)	(3 0 8
To tal sh tfl fo le th at t ca ou ow s r as es ar e no ise d al nt re co gn as re ex pe ns es	(2 0.9 )	(1 .5)	-	(2 2. 4)
AD JU ST ED FR EE -C AS H FL OW	15 2. 8	12 4. 9	(3 .5)	27 4. 1
Ch in rk in pi l clu di ta LT IP an ge s wo g ca ex ng d io l ts pt ite pa ym en an ex ce na m s	(6 4. 2)	(5 .1)	0. 0	(6 9. 3)
In id ta co m e x pa	(1 8.6 )	(3 4. 3)	(0 .6)	(5 3. 5)
OP AT G AD JU ST ED ER IN FR EE -C AS H FL OW	70 .0	85 .5	(4 .1)	15 1.3

Note 5 REVENUE

Revenue for the six-month periods ended 3OJune 2024 and 30 June 2023 by activity and sub-activity is as follows:

Fo th th th rio d de d 30 Ju re e- m on r e pe en ne € ill io In m n	20 24	20 23
nij in Ba En te rta t ay m en	1,3 95 .8	1,4 34 .0
od tio Pr uc n	.5 1,0 97	1, 17 9. 3
Di ib io str ut n	14 7. 6	18 4. 3
Liv rie & he ot e ex pe nc e r	15 0. 7	70 .4
Ba nij Ga in ay m g	69 7. 6	48 3 9.
Sp tsb k or oo	55 1.4	38 2 9.
Ca sin o	98 .9	65 .4
Po ke r	37 .6	28 .6
rf Tu	9.7	1 6.
TO TA L RE VE NU E	2, 09 3. 3	1,9 23 .3

Total revenue of Banijay Entertainment corresponds essentially to the production and sale of audiovisual programs, and the distribution of audiovisual rights and/or catalogues. The decrease of the revenue compared to the first six months of 2023 reflects the anticipated amplified seasonality of major scripted show deliveries in Q4 2024 compared to 2023.

The remaining part of Group's revenue is attributed to Banhjay Gaming, which includes s casinos, poker and turf. The increase in revenue compared to the first six-months of 202 the growing player database, the product improvement and a busy sport calendar. Ba consists of the GGR (Gross Gaming Revenue) — difference between bets and winnings p o1tsbqoIs, ambling in qiwnce of ..toridertti cation urposes on'y ij v (jamine s reve Y ACCountants id to players for s

betting and casino products, and commissions on horse betting and entry fees for poker products — less bonuses (credit on the gambler's account until the unveiling of the bet's result).

_____________________________________________

Information by geographical area based on the location of the customer is as follows:

six th Fo th rio d de d 30 Ju r e -m on pe en ne In € ill m on	20 24
Re by ph ic al ge og ra ve nu e ar ea	in En te rta t m en	Ba nij Ga in ay m g	To tal Gr ou p
Eu ro pe	92 5. 5	64 0. 5	1,5 66 .0
Un ite d St of ica at Am es er	23 4. 4	-	23 4. 4
of th rld Re st wo e	23 5. 9	57 .1	29 3. 0
TO TA L RE VE NU E	1,3 95 .8	69 7, 5	2, 09 3. 3

th Fo six th rio d de d Ju 30 r e -m on pe en ne In € ill io m n	20 23
Re by ph ic al ve nu e ge og ra ar ea	E tr t n e n	Ba nij Ga in ay m g	To tal Gr ou p
Eu ro pe	99 9. 4	46 9. 9	1,4 69 .4
ite d of ica Un St Am at es er	25 1.8	-	25 1.8
rld Re of th st e wo	18 2. 8	19 .3	20 2. 1
TO TA L RE VE NU E	1,4 34 .0	48 9. 3	1,9 23 .3

Note 6 STAFF COSTS

Payroll costs are broken down as follows for the six-month periods ended 30 June 2024 and 2023:

th six th Fo rio d de d 30 Ju r e -m on pe en ne	20 24	20 23
In €m ih io n
Em pl io d cia l rit at oy ee re m un er n sts an so se cu y co	(6 06 .9)	(5 86 .9)
Em pl be fit LT IP oy ee ne s	(7 3.8 )	(7 9. 1)
Em pl el ed t-r at d tio ut oy m en t ea rn -o op ns an pu ex pe ns es	(2 2. 3)	(9 .0)
he Ot pl be fit r em oy ee ne s	(2 .5)	(3 .7)
Po pl be fit ef in ed be fit ob lig ati st- t -D em oy em en ne ne on	(0 .7)	(0 .4)
PE RS ON NE L EX PE NS ES	(7 06 .1)	(6 79 .1)

Employee benefits Long-Term Incentive Plans

Certain employees of the Group benefit from several long-term incentive plans (LTIP) whose goal is to share the created value by the Group or one of its subsidiaries.

At Banijay Entertainment's level, some of them are settled in shares but are supplemented by a liquidity agreement granted by the relevant intermediate business unit holding, while the remaining are settled in cash. In accordance with IFRS 2, all plans are classified as cash-settled share-based payment transactions.

At Banijay Gaming and Holding's level, those plans can either be settled in shares or in cash and are respectively classified as equity-settled or cash settled share-based payment transactions.

Description of the on-going plans:

Initialed At Banijay entertainment's level, the Group issues to key management free share p1 only purchase warrants ("BSA"). EY Accountant B.V.

EY'Building

a better

working world In addition, Banijay entertainment issues phantom shares plans to certain directors and employees that require the sub-group to pay the intrinsic value of the phantom shares to the employee at the date of exercise. A summary of the plans' characteristics is presented below:

l' ii	Ty pe	A ib io da ttr ut te n	nd iti Co on s	d En of sti rio d ve ng pe
Fr Sh pl (A GA ) ee ar e an s	Ca sh ttl ed -se	20 17 20 25 to	Pr d rfo es en ce an pe rm an ce	20 19 20 29 to
Sh ha (B SA ) nt ar e pu rc se w ar ra s	Ca sh ttl ed -se	20 21	Pr d rf es en ce an pe or m an ce	20 26
Ph sh to an m ar es	Ca sh ttl ed -se	20 16	Pr rf d es en ce pe or m an ce an	20 20 d 20 23 an
Ph sh to an m ar es	Ca sh ttl ed -se	20 21 & 20 23	Pr d rfo es en ce an pe rm an ce	20 24 d 20 28 20 26 an - d 20 30 an
W loc al in iv nt nt ar ra s on a ce e	Ca sh ttl ed -se	20 23	Pr d rfo es en ce an pe rm an ce	20 28 d 20 31 an
Ot he r	Ca sh ttl ed -se	20 20 20 22 to	d Pr rf es en ce an pe or m an ce	20 23 d 20 34 an

At Banijay Gaming level, there are LII plans and equity instruments that were assimilated to compensation received for goods and services rendered (cash-settled plans) issued to certain managers.

The Group has also reflected in its financial statements the impact of the grant of share-based and similar benefits to the Banijay Gaming Group. The contract is a three-party agreement with the Banijay gaming CEO, Banijay Group and Banijay Gaming and it runs until 2027. The impact on the period ended 30 June 2024 financial statements has been recognised under current liabilities and shareholders' equity, in accordance with the terms of the contract.

The plans regarding each type are summarized below:

Pl an	Ty pe	ib io A da ttr ut te n	Co nd iti on s	d En of sti rio d ve ng pe
LT IP A	Ca sh ttl ed -se	20 19 20 18 &	d Pr Pe rfo es en ce an rm an ce	20 23
LT IP B	Ca sh ttl ed -se	20 18 20 19 &	Pr d Pe rfo es en ce an rm an ce	20 21
LT IP C	Ca sh ttl ed -se	20 20 d 20 21 an	Pr d Pe rfo es en ce an rm an ce	20 23
ef d Pr sh er re ar es	Ca sh ttl ed -se	20 18 tia d te re ne go , in 20 21	rfo Pe rm an ce	20 21
LT I 20 23	Eq ui ttl ed ty -se d Ca sh ttl ed an -se	20 23	Pe rfo d Pr rm an ce an es en ce	20 27

At Holding's level, the Group issues to key management free share plans ("AGA") and phantom shares.

The plans regarding each type are summarized below:

Pl an	Ty pe	A ib io da ttr ut te n	Co nd iti on s	d of sti En rio d ve ng pe
Ph sh to an m ar es	Ca sh ttl ed -se	20 23	Pr d rfo Pe es en ce an rm an ce	20 2?
pl Fr sh (A GA ) an s ee ar es	Eq ui ttl ed ty -se	20 23	Pr es en ce	20 25

Measurement of the plans

The Group has recorded liabilities of €356.2 million as of 30 June 2024 (€316.3 million as of 31 December 2023). The Group recorded total expenses of €73.8 million for the period ended 3OJune 2024, compared to €79.1 million for the period ended 30 June 2023. The variation is mainly explained by:

• Phantom shares plans indexed on the increase in equity value (share-based payment cash settled)
• Other Long Term Incentive Plan (including social charges on free shares)

The cash outflows in regards with LTIP amounted to -€20.2 million for the period ended 30 June 2024, compared to -€12.4 million for the period ended 30 June 2023.

Note 7 OTHER OPERATING INCOME AND EXPENSES

Other operational income and expenses for the six-month periods ended 30 June 2024 and 30 June 2023 are as follows:

Fo th six th rio d de d 30 Ju r e -m on pe en ne In €m ih io n	20 24	20 23
Re rin ch d he ite str tu ot uc g ar ge s an no n- co re m s r	(2 6.3 )	(9 .6)
Ta d du tie x an s	(2 .7)	(1 .6)
Pr id fe t es en es	(1 1.8 )	(9 .9)
O th io l at er op er na ex pe ns es	(0 .1)	(1 .3)
O th ati al in er op er on co m e	0.4	1.4
OT HE R OP ER AT IN G IN CO M E AN EX PE NS ES D	(4 0.4 )	(2 1.0 )
Of he in wh ich in ot at r op er g co m e	0.5	5.7
Of wh ich he ati ot r op er ng ex pe ns es	(40 .9)	(2 6.7 )

The decrease in other operating income and expenses is mainly attributable to the restructuring charges and other non-core items in the first six months of 2024, explained below.

Restructuring charges and other non-care items are detailed as follows:

	20 24	20 23
six th Fo th rio d de d 30 Ju r -m on e pe en ne
€ In ill io m n
Re rin d ni tio str tu sts uc g co an re or ga za n	(2 4. 2)	(4 .8)
Sc ria tio ef fe (b ad wi ll/ pi l in lo /a ui sit io ) ct ta sts op e va n ca ga or ss cq n co	(2 .0)	(3 .11
Si ifi lit ig ati nt gn ca on s	(0 .1)	(1 .6)
Pu bl ic do tio na n		-
RE ST RU CT UR IN G CH AR GE S AN D OT HE R NO N- CO RE IT EM S	(2 6.3 )	(9 .6)

Restructuring costs and reorganization consist of redundancy costs incurred in recent acquisitions, or costs saving plans.

Scope variation effect caption as of June 2024 mainly relates to the disposal of looco and integration costs on recent acquisition. Regarding June 2023, scope variation effect caption includes disposal of Funwood Italy, deconsolidation of the Russian subsidiary and integration costs on recent acquisition and M&A project costs on going during the first semester of 2023.

Note 2 FINANCIAL RESULT

th Fo six th rio d de d 30 Ju r e -m on pe en ne in €m ih io n	20 24	20 23
id In ba nk bo wi d bo nd te st re pa on rro ng s an s	(9 5.5 )	(7 6.2 )
In d de io te st tic ip ed im bu of ba nk pt sts at t re an re m n co on an re rs em en bo wi d bo nd rro ng s an s	-	(1 4. 3)
Co of fin ci al de bt st gr os s an	(9 5. 5)	(9 0. 5)
iv ed In sh d sh ui le te st nt re re ce on ca an ca eq va s	1.1	1.6
Ga in rib in fin cia l de bt ts nt ut to t s as se on co g ne an	1.1	1.6
Co de bt of st t ne	(9 4. 4)	(8 8. 8)
In iv ed te st iv ab le t ts re re ce ac co un on cu rr en re ce s
In le te st lia bi lit ie re on as e s	(3 .7)	(3 .1)
Ch in fa ir lu fin cia l of in str ts an ge va e an um en	(1 8.3 )	(3 1.0 )
Cu in s/( lo ) rre nc y ga ss es	3.4	(1 9. 6)
th O fin cia l in s/( lo ) er an ga ss es	(1 0. 1)	(4 .5)
O th fin in e/ (c ts) er an ce co m os	(2 8.6 )	(5 8.2 )
NE T FIN AN CI AL IN CO M E/ (E XP EN SE )	(1 23 .0)	(1 47 .0)

For the first half of 2024, net financial result was an expense of -€123 million, compared to -€147 million for the first half of 2023. Of this amount:

• The cost of net debt as of 3OJune 2024, amounted to -€94 million, compared to -€89 million for the first six months of 2023. The increase by -€6 million is mostly explained by additional (i) interest expenses of -€3 million on Senior Loan for Banijay Gaming and by (ii) -€3 million of interest expenses on vendor loan for Holdings.
• Other financial income and expenses as of 30 June 2024 amounted to -€29 million, compared to -€58 million for the first six months of 2023. The increase of €30 million were mainly driven by:
- o +€23 million related to FX Impact for €3million in the first six months of 2024 compared to a negative impact by -€20 million in 2023;
- o +€12 million of reevaluation expenses mainly related to the earnout, put option debts, and earn out for -€4 million compared to -€16 million En 2023;
- o +€2 million related of discounting expenses from employment related earn out and option obligations to teach -€10 million compared to -€12 million in 2023

Note 9 INCOMETAX

The Group computed its income tax expense for the interim period using the projected effective tax rate method (based on expected tax rate at year end per geographical area) after restating the profit/floss) before tax from certain selected items with no tax impacts (e.g., discount and revaluation income or expense, tax losses carried forward for which deferred tax assets do not reach the recognition criteria).

th six th de d Fo rio d 30 Ju r e -m on en pe ne In € ill io m n	20 24	20 23
In ta co m e xe xp en se s	(1 8.0 )	(9 .5)
W ith ho ld in d fro ef fe cti in ta sta te ta te g xe s re m ve co m e x ra	(0 .7)	1.7
Ta isi d ad ju tax stm t x pr ov on an en	(1 .2)	(3 .8)
in Re d sta te ta co m e x	(1 9. 9)	(1 1.7 )
Ea in be fo isi fo in ta rn gs re pr ov on r co m e xe s	57 .8	21 .1
Sh of in ci fro & jo in t at t nt ar e ne co m e as so es m ve ur es	2.5	1.3
ef fe * ct Re of sta te t in ite wi th rta tax m en ce m s no	44 .7	42 .7
U ni d lo fo d (b is) tax nr ec og se ss ca rry rw ar as	8.9	5.9
ST AT RE ED PR OF IT BE FO RE TA X	11 3. 9	71 .0
Ef fe cti in ta te ve co m e x ra	17 .5%	16 .4 %

Such as.' Fair value revaluation income or expenses, some non-deductible shore-based payment, or some capital gains or losses over change in consolidation.

Note 10 GOoDwILL

Goodwill as of 30 June 2024 is as follows:

In € ill io m n	Co od tio nt t en pr uc n, & di ib io str ut n	On lin ts e sp or be tti & ng in ga m g	Gr lu os s va e	Im irm t pa en	Go od wi ll, t ne
iia 20 24 nu ar y	2, 59 2. 6	24 1.4 -	2, 83 4. 0	-	2, 83 4. 0
Ac isi tio qu ns	27 .9	-	27 .9	-	27 .9
Di stu ve re s	-	-	-	-	-
Re cla ifi tio ss ca ns	(0 .0)	-	-	-	-
ch Ex di ffe an ge re nc e	9.4	-	9.4	-	9. 4
30 Ju 20 24 ne	2, 62 9. g	24 1.4	2, 87 1.4	-	2, 87 1.4

The €37.3 million increase in production is mainly due to Caryn Mandabach Productions (Garrison Drama), GloNation and Authentic Media for €27.9 million and an FX impact for €9.4 million.

Note 11 WORKING CAPITAL BALANCES

11.1 Trade receivables

The breakdown of trade and other receivables as of 30 June 2024 and 31 December 2023 is as follows:

In € ill io m n	Ju 30 20 24 ne	31 D be 20 23 ec em r
ad Tr iv ab le e re ce s, gr os s	46 7. 4	54 1.9
Tr ad iv ab le fro id e re ce s m pr ov er s, gr os s	79 .0	60 .8
To tal iv ab le de tra re ce s, gr os s	54 7 6.	60 2. 7
Al lo fo ed ed it lo ct wa nc e r ex pe cr ss	(1 7.0 )	(1 3. 8)
AD TR E RE CE IV AB LE S, NE T	52 9. 7	58 8. 9

Trade receivables from providers (payment service providers) correspond to balances in transit with the payment partners of the Group and which are repatriated to bank accounts manually or automatically. These receivables are considered liquid because they can be transferred in a few minutes or a few days, depending on partners.

11.2 Other non-current and current assets

The breakdown of other non-current and current assets as of 30 June 2024 and 31 December 2023 is as follows:

In € ill io m n	30 Ju 20 24 ne	31 D be 20 23 ec em r
Tr ad iv ab le CT e re ce s,	23 .6	24 .0
In iv ab le LT tax co m e re ce s,	0. 6	0. 4
Re iv ab le fro di al of CT ts ce s m sp os s as se ,	(0 .0)	-
Em pl el ed t-r at d tio LT ut oy m en ea rn -o an op n,	0. 0	-
Ot he CT r,	12 .5	12 .5
OT HE R NO N- CU RR EN T AS SE TS	36 .7	36 .9

Other long-term items mainly comprise receivables from bet-at-home.com Entertainment Ltd. (in liquidation) for an amount of €11 million and €10.8 million as of 30 June 2024 and 31 December 2023, respectively.

From the current perspective, the insolvency proceedings in Malta of bet-at-home.com Entertainment Ltd fin liquidation) are expected to be settled at the end of 2025 and the receivables are expected to be paid at that time. Accordingly, the expected payments on the receivables were discounted over this period.

€ ill io In m n	30 Ju 20 24 ne
Ta iv ab le clu di in tax x re ce s, ex ng co m e	15 2.5	10 1.0
Gr iv ab le ts an re ce s	15 1.2	16 8. 1
In iv ab le tax co m e re ce s	9.7	12 .0
Pr aid ep ex pe ns es	38 .1	36 .2
Pr od tio la d iv ab le te uc n- re re ce s	15 .6	12 .6
iv ab le Re fro di al of ts ce s m sp os s as se	7.7	-
Em pl el ed d tio ST t-r at ut oy m en ea rn -o an op n,	0. 3	0. 8
Ot he rs	15 .1	27 .0
OT HE R CU RR EN T AS SE TS	39 0. 0	35 7. 6

11.3 Customer contract IiabHities

Customer contract liabilities as of 30 June 2024 and 31 December 2023 are as follows:

In € ill io m n	30 Ju 20 24 ne
ef d D er re re ve nu e	86 7. 6	69 5. 0
Li ab ili tie fo in s r ga m g	66 .5	55 .1
TO CU ST OM TA L ER CO NT RA CT LI AB ILI TIE S	93 4. 1	75 0. 0

Deferred revenue relates to undelivered programs that are work-in-progress (or intangible assets-in-progress) and that have already been invoiced, recognised as deferred revenue under IFRS 15.

Liabilities for gaming mainly relates to players' liabilities and bets already placed on sporting events at the reporting date but the results of which will not be known until after the end of period.

11.4 Other non-current and current IiabIities

Other non-current liabilities as of 3OJune 2024 and 31 December 2023 are as follows:

In €m ih io n	30 Ju 20 24 ne	be r2 02 3 31 D ec em
Em pl la d in iv lo te nt -te oy ee -re ce es ng rm	17 8.4	13 5. 3
Lo lia bi lit ies d tio -te ut t ng rm on ea rn -o an pu op n	12 8.9	14 4. 4
Em pl el ed d tio ob lig ati t-r at ut oy m en ea rn -o an op n on	52 .7	40 .9
bt rig ht De to s ow ne rs	35 .0	17 .6
O th pl la d lia bi lit ies te er em oy ee -re	11 .2	3.3
Ot he lia bi lit ies t r no n- cu rr en	3.4	11 .1
OT HE R NO N- CU RR EN T LI AB ILI TIE S	40 9. 7	35 5 2.

Other current liabilities as of 30 June 2024 and 31 December 2023 are as follows:

In € ill io m n	30 Ju 20 24 ne	31 D be 20 23 ec em r
Em pl la d lo in iv te -te nt t oy ee -re ng rm ce es cu rr en ,	17 7. 7	18 1. 1
Sh lia bi lit ies d tio t-t ut t or er m on ea rn -o an pu op n	72 .6	35 .7
pl el ed Em d tio ob lig ati t-r at ut oy m en ea rn -o an op n on	18 .2	13 .5
Em pl la d bl (a al fo lea bo te id d he r) oy ee -re ot pa ya es cc ru s r ve nu se s pa an ,	97 .4	11 0. 1
tio l, gi al Na d loc al he in th d in ta ot tax re on tax na an xe s r ga m g an an co m e	84 .5	96 .4
In lia bi lit ies tax co m e	26 .2	43 .1
Ga in lia bi lit ies tax m g	67 .0	59 .1
Pr od tio la d bl te uc n- re pa ya es	15 .9	12 .1
Di vi de nd bl s pa ya e	6.2	-
Pa bl fix ed ha t ya e on as se pu rc se	22 .4	9. 4
Ot he lia bi lit ie t r cu rr en s	18 .4	33 .9
OT HE R CU RR EN T UA BI LI TI ES	60 6. 5	59 4. 3

Liabilities on earn-out and put option reflect the commitments to purchase non-controlling interests amounts, as well as the liabilities regarding contingent consideration arrangement on business acquisitions. The Group estimates these debts based on contractual agreements and using assumptions on future profits. The present value of the scheduled cash outflows is computed using a discount rate.

Employees-related long-term incentives include cash-settled share-based payment liability.

The Group estimates these debts based on contractual agreements and using assumptio s IJiIiJiØrofits. The present value of the scheduled cash outflows is computed using a discount rate. for identification purposes only

EY Accountanj4?B.V. I -- E''BuiIdinq a better working world

Note 12 CHANGES IN SHAREHOLDERS EQUIT'

12.1 Banijay Group equity instruments

As of 30 June 2024, the company owned 24,126 treasury shares through the liquidity agreement (refer to Note 13.1)

12.2 Distribution of dividends and share premium

Following the annual general meeting of Banijay Group N.y on 23 May 2024 and the approval of the resolution 4b, a dividend distribution was paid to all registered holders of ordinary shares on 18 June 2024.The total distribution paid is around €148 million (i.e., 0.35€ per ordinary share)

From any profits, as remaining after application of the provisions in the articles of association regarding reservation and the profit entitlement of earn-out preference shares and founder shares and special voting shares an amount equal to 0.1% of the nominal value of each of the earn-out preference shares, special voting shares and founder shares shall be added to the dividend reserve of the respective shares as described in the articles of association and as agreed upon by each founder share holder and earn-out preference share holder in the shareholders' agreement dated 30 June 2022 and by the special voting shares holders in the special voting shares terms dated 30 June 2022. Any profits remaining thereafter shall be at the disposal of the general meeting for distribution to the holders of ordinary shares in proportion to the aggregate nominal value of their ordinary shares. Pursuant to the shareholders agreement dated 30 June 2022 and in accordance with SVS terms, founder shares holders, earnout shares holders and special voting shares holders have agreed to waive all profit rights due to them.

Note 13 EARNINGS PER SHARE

13.1 Numberof shares

In accordance with 1AS33, the weighted average number of ordinary shares for the six-month period ended 30 June 2024 and 2023 are as follows:

In € ill io m n	3O Ju 20 24 ne		30 Ju 20 23 ne
	of N be um r di sh or na ry ar es	Sh Ca pi tal ar e (€ m)	N be of um r sh ar es	Sh Ca pi tal ar e (€ m)
Op in sh pi tal en g ar e ca	42 3, 27 1,2 67	4. 2	41 1,6 57 ,6 08	4. 1
Ca pi tal in cr ea se	-	-	-
Cl in sh pi tal os g ar e ca	42 3, 27 1,2 67	4. 2	41 1,6 57 ,6 08	4. 1
Of wh ich sh tre as ur y ar es
Op in sh tre en g as ur y ar es	(2 3, 67 6)		(6 ,97 5)
Ch in sh tre an ge as ur y ar es	(4 50 )		(2 ,77 1)
Cl in sh tre os g as ur y ar es	(2 4, 12 6)		(9 ,74 6)
W ei gh d be of di sh di te tst av er ag e nu m r or na ry ar es ou an ng Ii)	42 3, 24 7, 89 7		41 1,6 45 ,5 48
Fr Sh ee ar es	6, 86 5, 70 0		-
Di lu ted ei gh d be of di sh te w av er ag e nu m r or na ry ar es ('I di tst ou an ng	43 0, 11 3, 59 7		41 1,6 45 ,5 48

(1) Including the retrospective adjustment related to the 178,479,432 shores issued in compensation for h shr,res Financiére Lay. Initialed

Free shares represent potential Banijay Group shares as part of LII 2023 plan and Holdinl (AGA) as described in the Note 6. i iJç4r) purposes only EY AcCourTtar)ThB.V.

''BuiIUing a better

working world As of 30 June 2024, 20,000,000 earn-out shares, 2,575,001 founder shares, 5,250,000 founder warrants and 8,666,667 public warrants were not taken in consideration for the calculation of diluted earnings per share because the conversion conditions were not satisfied at the end of the period.

13.2 Basic and diluted earnings per share

ln € ih io m n		3O Ju 20 24 ne	3O Ju 20 23 ne
ail ab le sh eh ol de In to av co m e co m m on ar rs	A	34 .6	6.3
W ei gh d be of di sh di te " tst av er ag e nu m r or na ry ar es ou an ng	B	42 3, 24 7, 89 7	41 1, 64 5, 54 8
Ba sic in sh (in s) ea rn gs pe r ar e eu ro	A/ B	0. 08	0. 02

I) including the retrospective adjustment related to the 1 78,479,432 shares issued in compensation for the shares contributed by Finoncière Lov.

ln € ih io m n		3O Ju 20 24 ne	3O Ju 20 23 ne
In ail ab le sh eh ol de to co m e av co m m on ar rs	A	34 .6	6.3
Di lu ted ei gh d be of di te sh di tst w av er ag e nu m r or na ry ar es ou an ng	B	43 0, 11 3, 59 7	41 1,6 45 ,5 48
Di lu ted in s) sh C in ea rn gs pe r eu ro ar e	A/ B	0. 08	0. 02

(1) Including the retrospective adjustment related to the 1 78,479,432 shares issued in compensation for the shores contributed by Financière toy.

Note 14 FINANCIAL ASSETS AND LIABILITIES

14.1 Current and non-current financial assets

Financial assets comprise financial interests in non-consolidated companies, loans, restricted cash accounts and current accounts with third parties.

In € ill io m n	30 Ju 20 24 ne	31 D be 20 23 ec em r
Fi ial in in ol id ed ni te sts at na nc re no n- co ns co m pa es	10 .3	10 .1
th fin cia l O In in de bt in ts stm t er an str ts as se ve en um en —	11 3.4	11 1.0
N lo in nt d he fin cia l te str ts on -c ur re ot ts an s, gu ar an e um en an r an as se	28 .4	24 .5
N ic d d nt sh sh ui le str te on -c ur re nt re an ca ca eq va s	9. ]	36 .1
N de riv ati fin cia l nt ts on -c ur re ve an as se	17 .8	46 .8
NO N- CU RR EN T AN CI AL FIN AS SE TS	17 9. 6	22 8. 5
Cu of lo in d he nt rt te fin cia l str ts ot ts rre pa an s, gu ar an e um en an r an as se	17 .2	21 .3
ic d Cu sh d sh ui le nt str te nt rre re ca an ca eq va s	0. 3	0. 3
Cu nt ts rre ac co un	3.4	4. 2
Cu de riv ati fin cia ls nt ts rre ve an as se	25 .2	4. 4
CU RR EN T AN CI AL FIN AS SE TS	46 .1	30 .2
TO TA L FI NA NC IA L AS SE TS	22 5. 7	25 8. 7

The decrease in non-current financial assets is mainly explained by the reimbursement of the cash in trust of the Banijay Gaming for €30.7m.

Derivatives comprise foreign exchange and interest rate hedging, which are measured at fair value. Reclassification of short term and long term on derivatives driven by interest hedging instrument on TL with maturity March 2025.

14.2 Cash and cash equivalents

Cash and cash equivalents are presented net of bank overdrafts in the consolidated cash-flow statement.

ill io In € m n	30 Ju 20 24 ne	31 be D 20 23 ec em r
M ke bl rit ie ta ar e se cu s	1.5	0. 6
Ca sh	39 5. 7	46 3. 6
Ca sh d sh ui le -A nt et an ca eq va s ss s	39 7. 2	46 4. 2
dr af Ba nk ts ov er	(0 .7)	(1 .5)
CA SH AN D CA SH NE T EQ UI VA LE NT S	39 4 6.	46 2. 9

14.3 Current and non-current financial Liabilities

In € ill io m n	N nt on -c ur re	Cu nt rre	30 Ju 20 24 ne
Bo nd s	1,2 98 .3	-	1,2 98 .3
Ba nk bo wi rro ng s	1, 14 9 6.	31 1.9	1,4 58 .8
Ac d in bo nd d ba nk bo in te sts cr ue re on s an rro w gs	-	28 .2	28 .2
V do lo en r an s	-	14 7. 7	14 7. 7
Cu nt ts rre ac co un	-	-	-
Ac d in te sts t ts re cr ue on cu rr en ac co un	-	-	-
Ba nk dr af ts ov er	-	0. 8	0. 8
riv ati De Li ab ili tie ve s s —	0. 4	1.7 8	2. 1
TO TA L FI NA NC IA L LI AB ILI TIE S	2, 44 5. 6	49 0. 2	2, 93 5. 8

In € ill io m n	N nt on -c ur re	Cu nt rre	31 be D 20 23 ec em r
Bo nd s	1,2 84 .2	-	1,2 84 .2
Ba nk bo in rro w gs	1,2 62 .1	17 5. 2	1,4 37 .3
Ac d in bo nd d ba nk bo wi te sts cr ue re on s an rro ng s	-	37 .2	37 .2
V do lo an s en r	-	14 3.5	14 3. 5
Cu nt ts rre ac co un	-	-	-
dr af Ba nk ts ov er	-	1.5	1.5
De riv ati Li ab ili tie ve s s —	5.5	0. 8	6. 4
TO TA L NA NC IA FI L AB S LI ILI TIE	2, 55 1.9	35 8. 3	2, 91 0. 1

The variation of the financial liabilities breaks down as follows:

			Ca sh -fl ow s		No	sh -fl n ca ow s
ln ill € m ,o n	1 Ja nu ar y 20 24	In cr ea se	Re t pa ym en	O th er sh ca ite m s	Ch in an ge s ol id ati co ns on sc op e	O th er sh no n- ca ite m s	Fo ig re n ch ex an ge	3O Ju ne 20 24
Bo nU s	1,2 84 .2	-		-	-	2.4	11 .7	1,2 98 .3
nk Ba bo in rro w gs Ac d in te sts cr ue re	1,4 37 .3	60 .2	(4 7. 8)	(1 2. 3)	2. 1	1.9	17 .4	1,4 58 .8
bo nd d on s an ba nk bo wi rro ng s	37 .2	-	-	-	-	(9 .6)	0.6	28 .2
do lo V en r an s	14 3. 5					4. 2	-	14 7. 7
Cu nt ts rre ac co un	-
Ba nk dr af ts ov er	1.5	-	-	(1 .3)	0.7	(0. 21	-	0. 8
De riv ati ve s Ca bi lit ie — s	6.4					(4 3) In it	ia le d	2. 1
TO TA L FI NA NC IA L IA BI LI TI ES	2, 91 0. 1	60 .2	(4 7. 8)	(1 3. 6)	2. 8	(4 EY	id ti fi io en n A C ta c o n	i ly p g on V
								,.

'BuiIdina better

working world

Characteristics of bonds and term loans

	Re sid l ua no m	in al nt am ou
	(In C m	ill io n)
Is Ba nij G SA S su er : ay ro up	3O Ju 20 24 ne	31 D be ec em r 20 23
mi lli ni -€ 54 0 d iss d in 20 23 d du te in 20 29 wh ich ha on se or se cu re no s ue an e ve a , of 7.0 0% co up on pe r an nu m ;	54 0 0	54 0. 0
mi lli ni -€ 40 0 20 20 d iss d in du in 20 26 wh ich ha te on se or no s ue an e ve a co up on , of 6.5 00 % pe r an nu m ;	40 0 0	40 0. 0
-\$ 40 0 ill io ni d iss d in 20 23 d du in 20 29 wh ich te ha m n se or se cu re no s ue an e ve a , of 8. 12 5% co up on pe r an nu m ;	37 4 0	36 2. 0
-€ 55 5 ill io lo B fa cil ity iss d in d te 20 23 du in 20 28 wh ich be m n rm an ue an e ar s , in of EU RI BO R pl 4. 50 te st at te % wi th gi he re ra sto a us pe r an nu m tc t a cu m ar y m ar n ra , ha ni wi th 0.0 % EU RI BO R flo fo €4 53 ill io ch til M 20 25 d m ec sm a or r m n ar un an 2. 80 3. 30 el % % fo €1 02 til tu ill io M ch 20 28 nn r un ar m n ;	55 5. 0	55 5. 0
-\$ mi lli lo iss d 56 0 B fa cil ity in 20 23 d te du in 20 28 wh ich be on rm an ue an e ar s , in of SO FR 1 th plu 3.7 5% te st at te 5 d pl 0. 1% ed it ad ju re ra stm t a m on an us cr en ad wi th 1.4 % SO FR flo fo \$4 ,5 ill io til M ch 25 48 20 sp re pe r an nu m a or r m n un ar , d r\$ 3.4 5% SO FR flo fo 11 1,5 ill io til M ch 20 28 an or m n un ar	51 0 7.	50 3. 0
	2, 38 6. 0	2, 36 0. 0

sid l Re in al nt ua no m am ou (In € ill io n) m 31 D be ec em r 3O Ju 20 24 ne
	20 23
53 .5	71 .0
15 0. 0	15 0. 0
20 3. 5	22 1.0

________________________________

Issuer: Betclic Everest Group SAS

€165 million senior loan A issued on 23 September 2020 and due in June 2025, which bears interest at a rate of EURIBOR 3 months plus 3% per annum. This loan was underwritten with a group of banks (Natixis, BNP Paribas and Société Generale);

-€150 million senior loan B issued on 24 May 2023 and due in June 2025, which a floating interest at EURIBOR +300 bps, +400 bps, +500 bps for the period ended 30 June 2024, from 1 July 2024 to 31 December 2024 and after 1 January 2025, respectively. This loan was underwritten with a group of banks (Natixis, BNP Paribas, Société Générale, Credit Agricole Corporate and Investment Bank, Credit Lyonnais and Goldman Sachs Bank Europe SE).

As of 30 June 2024, the Group's financial indebtedness also consists in the following items:

- Local production financing carried by some Banijay's subsidiaries (including recourse factoring and production credit lines);
- State-guaranteed loans;
- Accrued interests;
- Bank overdrafts;
- Lease liabilities; and
- Vendor loans, including a vendor loan amounting to €99.5 million granted by De Agostini to Lov Banijay initially due in November 2023 and extended in November 2024 and beating 3.5% interest per year until November 2023 and then 6% interest per year, a vendor loan amounting to €36.5 million granted by SBM International to Banijay Group, bearing 3.5% interest per year until November 2023 and then 6% interest per year, initially due in 30 November 2023 and extended in November 2024.

Maturity of current and non-current debt (principal and interest)

	Cu nt rre	N nt on -c ur re
In € ill m on	Le th 1 ss an ye ar	it 5 o ye ar s	M th 5 or e an ye ar s	tal To 30 Ju ne 20 24
nd Bo s	94 .2	1,6 12 .3	-	1,7 06 .5
bo wi Ba nk rro ng s	36 4. 2	1,3 23 .7	-	1,6 87 .9
nk dr af Ba t ov er	0. 8	-	-	0. 8
V do lo en r an s	14 7. 7	-	-	14 7. 7
De riv ati ve s	1.7	0. 4	-	2. 1
TO TA L DE BT M AT UR IT Y (PR IN CI PA L AN IN TE RE ST S) D	60 8. 5	2, 93 6. 4	-	3, 54 5. 0

	Cu nt rre	N on -c ur	nt re
€ ill io In m n	Le th 1 ss an ye ar	1 5 to ye ar s	th M 5 or e an ye ar s	tal To 31 be D 20 23 ec em r
Bo nd s	10 1. 1	70 8 7.	93 5. 6	1,7 44 .5
Ba nk bo wi rro ng s	21 1 9.	1,5 32 .2	-	1,7 51 .3
nk dr af Ba t ov er	1.5		- -	1.5
V do lo en r an s	14 3.5	-	-	14 3. 5
De riv ati ve s	0. 8	0. 1	5.5	6.4
TO TA L DE BT AT M UR IT Y (P RI NC IP AL AN D ST S) IN TE RE	46 6. 0	2, 24 0. 1	94 1. 1	3, 64 7. 2

14.4 Net financial debt

Net financial debt is determined as follows:

In € ill io m n	30 Ju 20 24 ne	31 D be 20 23 ec em r
nd Bo s	1,2 98 .3	1,2 84 .2
Ba nk bo wi rro ng s	1,4 58 .7	1,4 37 .3
Ac d in bo nd d ba nk bo wi te sts cr ue re on s an rro ng s	28 .2	37 .2
do V lo en r an s	14 7. 7	14 3. 5
nk Ba dr af ts ov er	0.7	1.5
To tal ba nk in de bt ed ne ss	2, 93 3. 6	2, 90 3. 7
Ca sh d sh ui le nt an ca eq va s	(3 97 .2)	(4 64 .2)
Fu nd in Ga rd ia of g en	(8 2.5 )	(7 ) 9.7
Tr ad iv ab le id e re ce s on pr ov er s	(7 9.0 )	(6 0. 8)
Pl s' lia bi lit ies ay er	60 .0	50 .2
Ca sh in d ic d sh sh tru sts d ui le str te nt an re ca ca eq va s an	(0 .3)	(3 1.0 )
d sh N sh ui le et nt ca an ca eq va s	(4 99 .0)	(5 85 .5)
NE T DE BT BE FO RE DE RI VA TI VE S EF FE CT S	2, 43 4. 6	2, 31 8. 2
De riv ati lia bi lit ies ve s —	2. 1	6.4
De riv ati ts ve s as se —	(3 6.4 )	(4 4. 6)
NE T DE BT	2, 40 0. 4	2, 28 0. 0

14.5 Derivatives

The Group's cash flow hedges' main goal is to hedge foreign exchange risk on future cash flows (notional, coupons) or switch floating-rate debt to fixed-rate debt.

The ineffective portion of cash flow hedges recognised in net income is not significant during the periods presented. The main hedges unmatured as of 30 June 2024 and 30 June 2023, as well as their effects on the financial statements, are detailed in the table below.

		riv ati De ts ve s as se —			De riv ati lia bi lit ie ve s s —
As of Ju 20 24 30 ne € ill io In m n	tal To	N nt on -c ur re	Cu nt rre	tal To	N nt on -c ur re	Cu nt rre
ch Ex ris k an ge	0. 6	0.0	0. 6	0.3	-	0. 3
ris k In te st te re ra	35 .8	11 .1	24 .7	1.8	0. 4	1.4
HE DG IN G IN ST RU M EN TS	36 .4	11 .1	25 .2	2. 1	0. 4	1.7
O th de riv ati er ve s	6.7	6.7	-	-	-	-
TO TA L DE RI VA TI VE S	43 .0	17 .8	25 .2	2. 1	0. 4	1.7

	riv ati De ts ve s as se —			De riv ati lia bi lit ie ve s s —
As of 31 be r2 02 3 D ec em In € ill io m n	tal To	N nt on -c ur re	Cu nt rre	tal To	N nt on -c ur re	Cu nt rre
ch Ex ris k an ge	8.6	4.2	4. 4	0.9	0. 1	0. 8
ris k In te st te re ra	35 .9	35 .9	-	5.4	5.4	-
HE DG IN G IN ST RU M EN TS	44 .6	40 .2	4. 4	6.4	5.5	0. 8
Ot he de riv ati r ve s	6.7	6.7	-	-	-	-
TO TA L DE RI VA TI VE S	51 .2	46 .8	4. 4	6.4	5.5	0. 8

Note 15 FINANCIAL INSTRUMENTS

The carrying value of financial instruments per category is determined as follows:

		Ca in rry g	Fi ial in na nc	ir lu Fa of va e
As of 30 Ju 20 24 ne In € ill m on	Ca in rry g nt am ou	of nt am ou fin ci al no n- an in str ts um en	Fa ir lu va e th h ro ug CC I	A tiz ed m or st co	Fa ir lu va e th h ro ug P& L	fin ci al an in str ts um en
N fin cia l nt on -c ur re ts an as se	17 9. 6	-	28 .1	28 .0	12 3.5	17 9. 6
Ot he t ts r no n- cu rr en as se	36 .7	0. 6	-	36 .1	-	36 .1
ad Tr iv ab le e re ce s	52 4. 4	-	-	52 4. 4	-	52 4. 4
he Ot t ts r cu rr en as se	38 9. 5	35 1.9	-	37 .5	-	37 .5
Cu fin cia l nt ts rre an as se	46 .1	-	24 .7	20 .9	0. 5	46 .1
Ca sh d sh ui le nt an ca eq va s	39 7. 2	-	-	-	39 2 7.	39 7. 2
AS SE TS	1,5 73 .4	35 2. 5	52 .8	64 0 7.	52 1.2	1,2 20 .9
Ot he rit ie r se cu s	13 9. 4	-	-	-	13 9.4	13 4 9.
Lo bo wi he -te d ot ng rm rro ng s an r fin cia l lia bi lit ies an	2 44 5. 6	-	0. 4	2, 44 5. 2	-	2, 49 5. 7
Ot he lia bi lit ie nt r no n- cu rre s	40 9. 7	23 4. 0	-	46 .7	12 8.9	17 5. 7
Li ab ili in ty str ts um en	-	-	-	-	-	-
Sh bo wi d ba nk t-t or er m rro ng s an dr af ts ov er	49 0. 2	0.0	1.4	48 7. 2	1.0	49 0. 2
ad bl Tr e pa ya es	65 8. 6	-	-	65 8. 6	-	65 8. 6
Cu lia bi lit ies sto nt ct m er co ra	92 9. 1	86 4. 4	-	60 .0	4. 7	64 .6
Ot he lia bi lit ie t r cu rr en s	60 7. 0	47 7. 4	-	57 .0	72 .6	12 9. 6
LI AB ILI TIE S	5, 67 9. 5	1,5 76 .8	1.8	3, 75 5. 3	34 6. 6	4, 15 3. 8

______________________________________

		Ca in rry g	Fi ial in by str ts te na nc um en ca go ry
As 31 be r2 02 3 of D ec em In €m ill io n	Ca in rry g nt am ou	of nt am ou fin ci al no n- an in str ts um en	Fa ir lu va e th h ro ug CC I	tiz ed A m or st co	Fa ir lu va e th h ro ug P& L	ir lu Fa of va e fin ci al an in str ts um en
N fin cia l nt ts on -c ur re an as se	22 8.5	-	52 .7	55 .2	12 0. 6	22 8.5
he Ot nt ts r no n- cu rre as se	36 .9	0.4	-	36 .5	-	36 .5
Tr ad iv ab le e re ce s	58 8. 9	-	-	58 8.9	-	58 8.9
th O t ts er cu rr en as se	35 7. 6	31 8.9	-	38 .7	-	38 .7
Cu fin cia l nt ts rre an as se	30 .2	-	-	25 .8	4. 4	30 .2
Ca sh d sh ui le nt an ca eq va s	46 4. 2	-	-	-	46 4. 2	46 4. 2
AS SE TS	1,7 06 .2	31 3 9.	52 .7	74 5. 1	58 2 9.	1,3 86 .9
Ot he rit ie r se cu s	13 9. 4	-	-	-	13 9. 4	13 9. 4
Co bo wi d he -te ot ng rm rro ng s an r fin cia l lia bi lit ies an	2, 55 1.9	-	5.4	2, 54 3 6.	0. 1	2, 60 7. 8
O th lia bi lit ies nt er no n- cu rre Li ab ili in ty str ts um en	35 2. 5 -	17 8.5 -	- -	29 .7 -	14 4. 4 -	17 4. 1 -
Sh bo wi d ba nk t-t or er m rro ng s an dr af ts ov er	35 8. 3	(0 .1)	-	35 6. 0	2.3	35 8. 3
Tr ad bl e pa ye es	70 9. 7	-	-	70 9. 7	-	70 9. 7
Cu lia bi lit ies sto nt ct m er co ra	75 0. 0	6.5 69	-	50 .2	3.4	53 .6
Ot he lia bi lit ie t r cu rr en s	59 4. 3	50 1.4	-	57 .2	35 .7	93 .0
AB S LI ILI TIE	5, 45 6. 2	1,3 76 .2	5.4	3, 74 9. 2	32 5. 3	4, 13 5. 9

Fair value hierarchy

IFRS 13 Fair Value Measurement establishes a fair value hierarchy consisting of three levels:

• Level 1: prices on the valuation date for identical instruments to those being valued, quoted on an active market to which the entity has access;
• Level 2: directly observable market inputs other than Level 1 inputs; and
• Level 3: inputs not based on observable market data (for example, data derived from extrapolations).

This level applies when there is no observable market or data and the entity is obliged to rely on its own assumptions to assess the data that other market participants would have applied to price other instruments.

Fair value is estimated for the majority of the Groups financial instruments, with the exception of marketable securities for which the market price is used.

As of 30 Ju 20 24 ne		ir Fa lu hi ch va e er ar y
In € ill io m n	ir Fa Va lu e	Le l 1 ve	Le l 2 ve	l 3 Le ve
N nt fin cia l ts on -c ur re an as se	15 1.6	9.7	17 .8	12 4. 1
Ot he t ts r cu rr en as se	-	-	-	-
Cu fin cia l nt ts rre an as se	25 .2	-	25 .2	-
Ca sh d sh ui le nt an ca eq va s	39 7. 2	39 7. 2	-	-
Ot he rit ie r se cu s	(1 39 .4)	-	-	(1 39 .4)
Lo bo wi d he -te ot ng rm rro ng s an r	(0 .4)	-	(0 .4)	-
fin cia l lia bi lit ies an Ot he lia bi lit ies t r no n- cu rr en	(1 28 .9)	-	-	(1 28 .9)
Sh bo wi d ba nk t-t or er m rro ng s an	(2 .4)	(0 .7)	(1 .7)	-
d fts ov er ra
Cu lia bi lit ies sto nt ct m er co ra	(4 .7)	-	-	(4 .7)
Ot he lia bi lit ies t r cu rr en	(7 2. 6)	-	-	(7 2/ 6)
BA LA NC ES AS OF 30 JU NE 20 24	5. 22 6	40 6. 2	40 .9	(2 21 .5)

As of 31 D be r2 02 3 ec em		ir lu Fa hi ch va e er ar y
In €m ill io n	ir lu Fa Va e	Le l 1 ve	Le l 2 ve	Le l 3 ve
N fin cia l nt ts on -c ur re an as se	17 3. 3	5.4	46 .8	12 1. 1
Ot he t ts r cu rr en as se	-	-	-	-
fin cia l Cu nt ts an rre as se	4.4	-	4. 4	-
Ca sh d sh ui le nt an ca eq va s	46 4. 2	46 4. 2	-	-
Ot he rit ie r se cu s	(1 39 .4)	-	-	(1 39 .4)
Lo bo wi he d fin cia l -te ot ng rm rro ng s an r an lia bi lit ies	(5 5)	-	(5 5)	-
Ot he lia bi lit ies t r no n- cu rr en	(1 44 .41	-	-	(1 44 .4)
Sh bo wi d ba nk dr af t-t ts or er m rro ng s an ov er	(2 .3)	11 .5)	(0 .8)	-
Cu lia bi lit ies sto nt ct m er co ra	(3 .4)	-	-	13 .4)
Ot he lia bi lit ies t r cu rr en	(3 5.7 )	-	-	(3 5.7 )
BA LA NC ES AS OF 31 DE CE M BE R2 O2 3	31 1. 1	46 8. 1	44 .8	(2 01 .9)

Other securities comprised public warrants, earn-out shares, founder shares and founder warrants that are classified as Level 3. Derivatives are classified as Level 2 instruments and Level 3 instruments mainly comprise shares in non-consolidated non-listed companies, liabilities on non-controlling interests and pending bets.

Note 16 CONTINGENT LIABILITIES

An obligation constitutes a contingent liability if the amount cannot be estimated with sufficient reliability or if it is unlikely to result in an outflow of resources.

The Betclic Everest Group received in December 2021 a notice of adjustment from the French tax authorities for a total amount of €52.4 million (willful misconduct and interest for late payment included) related to the VAT to be collected and paid in respect of income resulting from sports bets placed by players residing in France, for the years 2018 and 2019.

On 13 May 2022, the Betclic Everest Group received (i) a rectification on the notice of adjustment from December 2021, decreasing the amount of €52.4 million to €37.3 million (willful misconduct and interest for late payment included) and (ii) a new notice of adjustment from the French tax authorities for a total amount of €25.8 million (willful misconduct and interest for late payment included) related to the VAT to be collected and paid in respect of income resulting from sports bets placed by players residing in France for the year 2020.

After meetings with the French tax authority, they maintain the reassessment for the years 2018, 2019, 2020 without any willful misconduct penalty. The resulting final amount to be paid would be €43.6 million excluding interest.

The Betclic Everest Group, with the support of its legal and tax advisers, still considers that the position of the French tax authorities is not in conformity with various general principles of VAT, in the same way as the other online gaming operators in France that are part of the association AFJEL.

The Betclic Everest Group will challenge this adjustment in France, with the French tax authorities and, if necessary, the French Courts, but also with the Court of Justice of the European Commission if a French Court decides to make a request for a preliminary ruling. No provision relating to this litigation has been recorded.

However, to avoid further similar adjustments from the French tax authorities, the Betclic Everest Group has decided to spontaneously pay VAT in respect of income resulting from sports bets placed by players residing in France from 2021 for an amount of €45 million as of June 2024.

The Betclic Everest Group still considers that such VAT is not due and intends to claim repayment of the corresponding VAT spontaneously paid. Consequently, the amounts paid have been recognized as State receivables toward the French Tax Authorities in the Financial Statements.

Note 17 OFF-BALANCE SHEET COMMITMENTS

As of 30 June 2024, the off-balance sheet commitments were updated compared to 31 December 2023 as follows:

BANIJAY ENTERTAINMENT

In € ill io m n	Ju 20 24 30 ne	31 be D 20 23 ec em r
CO M M IT M EN TS GI VE N	82 .1	10 0. 5
Cr ed it Li ne s	26 1.9	28 9. 1
CO M M IT M EN TS RE CE IV ED	26 1.9	28 9. 1
(1)

(1) Financing commitments on Hyphenate Media Group for \$84.0 million at end ofJune 2024 (vs \$90.0 million in December 2023). 2023 Banijay also had commitments on on-going acquisitions and non-controlled Joint venture financing.

"Commitments given" mainly correspond for June 2024 & 2023 year-end end to minimum guarantees granted by distribution activity to third party producers.

"Commitments received" refer to confirmed credit lines not drawn.

Other guarantees given

The group has pledged shares of its subsidiaries for the benefit of (i) its noteholders under a) the Senior Notes Indenture dated February 11. 2020 with Banijay SAS (formerly named Banijay Group SAS) as Senior Notes Issuer and b) the Senior Secured Notes Indenture dated September 19 2023 with Banijay Entertainment SAS as Senior Secured Notes Issuer and; (ii) its bank pooling under the Senior Facilities Agreement dated February 7, 2020, as amended and restated, latest on V February, 2024.

The shares of the following companies are pledged as collateral:

Banijay Entertainment SAS, Adventure Line Productions SAS, H20 Productions SAS, Banijay France SAS, Banijay Media Ltd (Ex Zodiak Media Ltd), Banijay Rights Ltd, Bwark Productions Ltd, Castaway Television Productions Ltd, RDF Television Ltd, Banijay Group US Holding Inc. (formerly named Banijay Group US Holding Inc.), Banijay Entertainment Holdings US Inc., Bunim-Murray Productions Inc., Bunim-Murray Productions LLC., M Therory Entertainement, Inc., Mobility Productions, Inc., Endemol US Holding Inc., Trully Original LLC., Screentime Pty Limited ; Endemol Shine Australia Pty Ltd., Banijay Benelux Holding B.V (EX: AP NMT iv NEWCO By), Endemol Shine IP B.V; Endemol Shine Nederland Holding B.V (now Banijay Benelux Holding By), Endemol Shine Nederland B.V.

BAN hAY GAMING

Commitments given:

Betchic Group senior credit facility agreement Tranche A

The Betclic Group senior credit facility Tranche A was originally guaranteed, inter alia, by Betclic and Mangas Lov and was originally secured by first ranking pledges over Betclic Group SAS shares and bet-at-home shares. A release of the pledge of Betchic Group SAS shares has been obtained as a result of the universal transmission of assets of Betclic Group SAS in Betclic, on 31 December 2021. Additional first ranking pledges have been entered into on 25 March 2022 pursuant to which Betclic Group SAS has granted pledges over Euro Gaming Investment S.A. shares (a Luxembourg subsidiary) and over Mangas Investment Limited (a Maltese subsidiary) shares held by Betclic Group SAS as security for its repayment obligations under the Betclic Group Senior Credit Facility.

Betclic Group senior credit facility agreement Tranche B

The Betclic Group Senior Ttanche B has been secured by the pledge of second ranking over bet-at-home AG shares hold by Betclic Everest Group (3.782.382 shares) and an addendum to the existing pledge over Euro Gaming Investments SA shares and over Mangas Investment Ltd shares. The addendum replaces and extends the existing first pledge tanking to the full scope of the Senior Loan (Tranche A and Tranche B).

HOLDING

Commitments given:

In the context of the TIL acquisition, Banijay Events provided to K10 an irrevocable commitment (within three years, as the case may be) to subscribe to a reserved capital increase of €50 million in exchange of another type of preferred shares (Preferred D bis Shares) (please refer to Note 3.1.1 to the Consolidated Financial Statements as of 31 December 2023, in Section 6.1.6 of the 2023 Universal Registration Document).

Commitments received:

Confirmed credit lines not drawn for an amount of €50m.

Note 18 RELATED PARTIES

Related parties consist of:

• Group LOV's controlling shareholders: Financiëre LOV Group and LOV Group Invest;
• Othet shareholders, notably: Group Vivendi's subsidiaries, Fimalac, De Agostini, Monte-Carlo SBM International, Pegasus Founders, Sponsors and Banijay Group's key managers;
• Associates and joint ventures; and
• Key management personnel.

There are no major changes on the related parties during the six-month period 2024 and the information disclosed in the consolidated financial statements year ended 31 December 2023 remains applicable.

Note 19 SUBSEQUENT EVENTS

Holdings

In July 2024, the Group, through Banijay Events exercised a call option to acquire 30% of The Independents, through K10 Securities from "Gardenia" for €(72.8) million by cash-out. In addition, Banijay Events exercised its put option to sell 231,000 Class B Preferred shares to "Gardenia" for €24.8 million. The completion of these transactions occurred on 19 July 2024. Following the exercise of this call option, Banijay Events owns directly and indirectly 14.59% in K10 Holding S.A (known as The Independents).

Banijay Gaming

On May 31, 2024, the Group subscribed to a loan with a nominal amount of €170 million from a banking pool composed of BNP Paribas, Natixis and Société Générale. The loan extends until December 23, 2024 and bears interest at Euribor plus a margin of 4%. A possibility of extending the maturity of the loan is planned for repayment on June 23, 2025 at an interest of 5%. The loan was drawn down for the first time for €110 million on July 8, 2024.

AI Terminal

Banijay Group N.V.

3842_ir_2024-08-02-162602_fc7e5fe4-3eb9-4012-b37d-ffcfb6673323.pdf

Independent auditor's review report

Our conclusion

Basis for our conclusion

Corresponding figures neither audited nor reviewed

Independent auditor's review report

Our conclusion

Basis for our conclusion

Corresponding figures neither audited nor reviewed

. . Publication of review report

1 Conditions

2.2 General meeting

2.3 Review report and financial statements

2.4 Events between the date of the review report and the general meeting

2.5 Trade register

2.6 Other manner of publication

2.7 Inclusion in another document

2.8 Events after the general meeting

UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE SIX-MONTH PERIOD ENDED 30 JUNE 2024

UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE SIX-MONTH PERIOD ENDED 30 JUNE 2024

CONTENTS

UNAUDITED CONSOLIDATED INTERIM STATEMENT OF INCOME

UNAUDITED CONSOLIDATED INTERIM STATEMENT OF COMPREHENSIVE INCOME

UNAUDITED CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION

Equity and liabilities

UNAUDITED CONSOLIDATED INTERIM Statement of Cash Flows

UNAUDITED CONSOLIDATED INTERIM STATEMENT OF CHANGES IN EQUITY

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

Note 1 BusiNEss PRESENTATION

1.1 Presentation of the business

1.2 Seasonal activity

Note 2 BASIS OF PREPARATION

2.1 Statement of compliance

2.2 Significant accounting policies

2.3 Accounting standard applied

Standards, amendments and interpretation published by the IASB byt not yet adopted by the European Union

2.4 Scope of consolidation

2.5 Significant assumptions and estimates

2.6 Going concern

Balance sheet

Net result

Liquidity / Forecast

Sensitivity test

Other lines of credit

Conclusion

Note 3 SIGNIFICANT EVENTS THAT OCCURRED IN THE THREE-MONTH PERIOD ENDED 30 JUNE 2024

3.1 Holding

3.2 Banijay Entertainment

Acquisition ofAuthentic Media

Acquisition of GloNation

Acquisition of Garrison Drama (ex-Caryn Mandabach Production)

Repricing Term Loans

3.3 Banijay Gaming

Note 4 SEGMENT INFORMATION

Profit & Loss per segment

For the six-month period ended 3OJune

Adjusted EBITDA

Balance Sheet per segment

Banay Entertainment

Banijay Gaming

Holding

Net debt per segment

Statement of Cash Flows and Free-Cash flow

For the six-month period ended 30 June

For the six-month period ended 30 June

Note 5 REVENUE

Note 6 STAFF COSTS

Employee benefits Long-Term Incentive Plans

Measurement of the plans

Note 7 OTHER OPERATING INCOME AND EXPENSES

Note 2 FINANCIAL RESULT

Note 9 INCOMETAX

Note 10 GOoDwILL

Note 11 WORKING CAPITAL BALANCES

11.1 Trade receivables

11.2 Other non-current and current assets

11.3 Customer contract IiabHities

11.4 Other non-current and current IiabIities