Ten Square Games S.A. — Management Reports 2024

Oct 31, 2024

Report Content The Management Board of Ten Square Games S.A., headquartered in Wrocław (the "Company"), announces that, following an analysis of data related to user retention and acquisition costs, the Company has decided to stop further work on the Fishing Champions game prototype.Key metrics of the prototype, tested over the past few months, proved insufficient to justify additional investments in its development. The Group is continuing work on two other game prototypes that show promising early indicators and greater market potential. Their testing will continue at least through the end of 2024, and further decisions will be made after analyzing their monetization potential. The Company's intent is to focus resources on projects with the highest market potential and to verify new ideas in the market with minimal financial risk.As a result of stopping work on the Fishing Champions prototype, the Company will recognize an impairment of approximately PLN 1.2 million in the fourth quarter of 2024. The estimated impairment amount, whether individually or cumulatively, is not material from the financial perspective of the Group or Ten Square Games S.A. and does not impact the liquidity position of the Company or the Group. The reported amount is an estimate that may still change, and the final value will be provided in the standalone and consolidated financial statements for 2024.The Company has chosen to publish the above information to ensure equal access to information for all shareholders and to maintain transparency in communication.