PCF Group S.A. — Earnings Release 2026

May 26, 2026

Report Content Impairment tests for shares in a subsidiary Game On Creative, Inc.TheManagement Board of PCF Group S.A., with its registered office in Warsaw(the "Issuer", "Company"), announces that, in the course of preparingthe consolidated quarterly report of the PCF Group S.A. Capital Group(the "Group") for the first quarter of 2026, following an analysis ofthe updated five-year business plan of Game On Creative Inc., with itsregistered office in Montreal, Canada (the "Subsidiary"), prepared bythe Subsidiary on 26 May 2026, the Issuer's Management Board decided torecognize, as of 31 March 2026, the following impairment charges onassets:

1) an impairment charge equal to 100% of the value of the Company'sinvestments in its subsidiaries, relating to the Company's stake in theSubsidiary, which will reduce the Company's standalone financial resultfor the first quarter of 2026 and a reduction in the value ofnon-current assets presented in the Company's standalone balance sheetas of 31 March 2026, by PLN 25,369 thousand;

2) an impairment charge equal to 100% of the goodwill allocated to theSubsidiary as a cash-generating unit, which will result in a decrease inthe consolidated financial result for the first quarter of 2026 and areduction in the value of fixed assets presented in the Group'sconsolidated balance sheet as of 31 March 2026, by PLN 24,929 thousand.

The recognition of these impairment charges is non-cash in nature and aone-time event.

The Company's Management Board reserves the right to adjust, in whole orin part, the impairment charge on the Company's investments in itssubsidiaries relating to the Company's equity interest in theSubsidiary, in the event of a favorable change in the circumstances thatgave rise to the impairment.

The recognition of an impairment loss on the goodwill allocated to theSubsidiary as a cash-generating unit is irreversible.

In addition, in connection with the preparation of the Group'sconsolidated quarterly report for the first quarter of 2026, theIssuer's Management Board is providing selected estimated:

1) consolidated results of the Group for the first quarter of 2026:

(i) revenue: PLN 45,566 thousand compared to PLN 62,992 thousand for thefirst quarter of 2025;

(ii) gross profit: PLN 13,726 thousand compared to PLN 9,492 thousandfor the first quarter of 2025;

(iii) operating loss: PLN 20,854 thousand compared to PLN 4,321 thousandfor the first quarter of 2025; and

(iv) EBITDA: PLN 8,375 thousand compared to PLN 1,680 thousand for thefirst quarter of 2025;

2) standalone results of the Company for the first quarter of 2026:

(i) revenue: PLN 41,850 thousand compared to PLN 50,158 thousand for thefirst quarter of 2025;

(ii) gross profit of PLN 4,943 thousand compared to PLN gross loss of3,286 thousand for the first quarter of 2025;

(iii) operating profit of PLN 251 thousand compared to opaerating lossof PLN 10,131 thousand for the first quarter of 2025; and

(iv) EBITDA: PLN 2,472 thousand compared to PLN -5,698 thousand for thefirst quarter of 2025.

The financial data presented above are estimates and they are subject tochange within the ongoing work on the consolidated financial statementsfor the first quarter of 2026. The final figures for the above financialmetrics and the impairment charge will be presented in the consolidatedfinancial statements for the first quarter of 2026, unless disclosure atan earlier date is required by law.