Interim report
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5th Planet Games A/S - Gothersgade 11, 1123 Copenhagen, Denmark - CVR No.: 3359 7142 5th Planet Games A/S INTERIM REPORT 1st Half Y ear 2026 Six months ended 30 June 2026 Docusign Envelope ID: 3CA5F20D-9D9A-8626-835B-BD4AACF4D030
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2 INTERIM REPORT H1 2026 5th Planet Games At-A-Glance CEO Letter Outlook for 2024, Key figures and financial performance Statement by the Board of Directors and the Executive Board Independent Auditiors’ review report Consolidated income statement and statement of other comprehensive income Consolidated Balance Sheet Statement of changes in equity Consolidated cash flow statement Notes to the financial statements Index 3 4 6 8 9-12 9 10 11 12 13 5th Planet Games At-A-Glance CEO Letter Outlook for 2026, Key Figures and Financial Performance Statement by the Board of Directors and the Executive Board Financial Statements • Income Statement and Statement of Other Comprehensive Income • Balance Sheet • Statement of Changes in Equity • Cash Flow Statement Notes to the Financial Statements Docusign Envelope ID: 3CA5F20D-9D9A-8626-835B-BD4AACF4D030
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3 INTERIM REPORT H1 2026 5th Planet Games At-A-Glance CEO Letter Outlook for 2024, Key figures and financial performance Statement by the Board of Directors and the Executive Board Independent Auditiors’ review report Consolidated income statement and statement of other comprehensive income Consolidated Balance Sheet Statement of changes in equity Consolidated cash flow statement Notes to the financial statements 5th Planet Games At-A-Glance CEO Letter Outlook for 2025, Key Figures and Financial Performance Statement by the Board of Directors and the Executive Board Income Statement and Statement of Other Comprehensive Income Balance Sheet Statement of Changes in Equity Cash Flow Statement Notes to the Financial Statements 5th Planet Games A/S At-A-Glance 5th Planet Games A/S is an international, publicly traded company founded in 2011 focused on the financing and publishing of video games, but with interests now extending into TV and Film production. We are a small, lean company that is backed by a highly driven executive team from Europe and the USA, each of whom have decades of experience in video game and entertainment creation, publishing, and distribution. 5th Planet Games A/S creates strategic partnerships with global IP holders to create unique opportunities for game content creation by our outstanding development partners worldwide and secures co-publishing and/or co-financing status in games across all platforms. With a strong and growing portfolio of titles and, since 2021, a partnership with Skybound Entertainment, 5th Planet Games A/S now has access to proven IP including The Walking Dead and Invincible . The increasing strength of the portfolio has also enabled 5th Planet Games A/S to increase the range and scope of its business activities. This has grown to include (i) the licensing of self-developed games, (ii) sales of games on online platforms, (iii) sales of physical games and associated merchandise to wholesale distribution channels, and (iv) co-funding games with Skybound LLC for acquired royalty rights in the performance of those properties. September 2023 saw 5th Planet Games A/S grow its business interests further still with its co-investment in Sagafilm ehf a successful and well-established film and TV production company based in Reykjavik, Iceland. Due to a high-quality back catalogue of games and an exciting release schedule ahead, 5th Planet Games A/S has many more exciting opportunities still to come! Docusign Envelope ID: 3CA5F20D-9D9A-8626-835B-BD4AACF4D030
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4 INTERIM REPORT H1 2026 5th Planet Games At-A-Glance CEO Letter Outlook for 2024, Key figures and financial performance Statement by the Board of Directors and the Executive Board Independent Auditiors’ review report Consolidated income statement and statement of other comprehensive income Consolidated Balance Sheet Statement of changes in equity Consolidated cash flow statement Notes to the financial statements CEO Letter Mark Stanger - CEO August 2026 When we look back on the transformation of our business, I believe that spring 2026 will be seen as an inflection point. During the period, two strategic initiatives reached important milestones, the successful launch of Invincible VS and the signing of a global publishing agreement for Sker Ritual. Financial performance For the six-month period ending 30 June 2026, our financial performance can be summarized as follows: • Revenue: DKK 6.3 million • EBITDA: DKK 1.6 million • Net income before tax: DKK (9.1) million From an operating perspective, we delivered positive EBITDA of DKK 1.6 million on revenue of DKK 6.3 million. Net income of DKK (9.1) million reflects a non-operational and non-cash financial adjustment related to the balance sheet value of our investments in key Skybound intellectual property. Our investments in major IP-driven projects, including the new Invincible and The Walking Dead games, are recognized as financial assets, and their value is reassessed over time in accordance with international accounting standards. Invincible VS Invincible VS launched on schedule on 30 April 2026. From launch through 30 June, the game achieved the following: • More than 6 million matches were played in more than 200 countries and territories during the first 60 days. • Critical reception remained strong, with review scores above 75/100. • Post-launch updates have been positively received by players • Season 1 launched on 30 June, introducing new content and starting a roadmap that nincludes two additional seasons planned for 2026. Royalty income from Invincible VS from launch through 30 June 2026 was above the mid- point of the range forecasted in our budget planning. This is a strong result, particularly given the challenging market conditions. During the remainder of the year, 5th Planet Games and Skybound will continue to support the game’s growth and commercial longevity through new content, promotional activity across global distribution channels, player engagement and outreach to the international fighting game community. Global publishing agreement for Sker Ritual Less than two weeks after the launch of Invincible VS, we announced a five-year global publishing agreement for the zombie survival game Sker Ritual, developed by award- winning UK studio Wales Interactive. 5th Planet Games At-A-Glance CEO Letter Outlook for 2025, Key Figures and Financial Performance Statement by the Board of Directors and the Executive Board Income Statement and Statement of Other Comprehensive Income Balance Sheet Statement of Changes in Equity Cash Flow Statement Notes to the Financial Statements Docusign Envelope ID: 3CA5F20D-9D9A-8626-835B-BD4AACF4D030
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5 INTERIM REPORT H1 2026 5th Planet Games At-A-Glance CEO Letter Outlook for 2024, Key figures and financial performance Statement by the Board of Directors and the Executive Board Independent Auditiors’ review report Consolidated income statement and statement of other comprehensive income Consolidated Balance Sheet Statement of changes in equity Consolidated cash flow statement Notes to the financial statements Under the agreement, 5th Planet Games will act as lead partner and work with Skybound to relaunch Sker Ritual and promote it to a worldwide audience. The game will be supported alongside established, high-profile catalogue titles, including the original Telltale games in The Walking Dead franchise. The agreement with Wales Interactive and the planned relaunch of Sker Ritual represent an important first step in establishing a new and significant business line for 5th Planet Games. Outlook With Invincible VS and the relaunch of Sker Ritual we look forward to the second half of the year. Our full-year guidance remains unchanged at this time; however, we remain mindful of the volatility in our core markets and the challenging trading conditions expected during the most important period of the year. We also continue to monitor the timing of initiatives related to the realization of proceeds from our games licensing and investment strategy and its impact on the outlook for the year as new data becomes available.. We thank our shareholders, partners, players and employees for their continued support. Mark Stanger, CEO, 5th Planet Games 5th Planet Games At-A-Glance CEO Letter Outlook for 2025, Key Figures and Financial Performance Statement by the Board of Directors and the Executive Board Income Statement and Statement of Other Comprehensive Income Balance Sheet Statement of Changes in Equity Cash Flow Statement Notes to the Financial Statements Docusign Envelope ID: 3CA5F20D-9D9A-8626-835B-BD4AACF4D030
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6 INTERIM REPORT H1 2026 5th Planet Games At-A-Glance CEO Letter Outlook for 2024, Key figures and financial performance Statement by the Board of Directors and the Executive Board Independent Auditiors’ review report Consolidated income statement and statement of other comprehensive income Consolidated Balance Sheet Statement of changes in equity Consolidated cash flow statement Notes to the financial statements Outlook for 2026, Key Figures and Financial Performance Outlook for 2026 As we stated in the 2025 Annual Report, 2026 is a pivotal year for the business and one in which we expect to see considerable growth; this growth will be increasingly driven by high profile, proven, global entertainment brands, such as we have witnessed very recently with the successful launch of Invincible VS another title in which 5th Planet Games is both a financing and a distribution partner. We continue to actively maintain our back catalogue and are looking at new distribution opportunities for that catalogue. We continue to assess a range of games that will allow us to extend our catalogue for both Digital and Physical distribution. Notable risks to the outlook include potential delays in game development and release dates, changes in consumer preferences and increased competition from similar games. Considering all the above, our guidance for the year remains consistent with that provided in the 2025 Annual Report, i.e. achieving a revenue position of 28-32m DKK, and EBITDA for the year within the range of 20-23m DKK. Revenue and EBITDA projections reflect the anticipated timing of key releases and the seasonal nature of the business. 5th Planet Games At-A-Glance CEO Letter Outlook for 2025, Key Figures and Financial Performance Statement by the Board of Directors and the Executive Board Income Statement and Statement of Other Comprehensive Income Balance Sheet Statement of Changes in Equity Cash Flow Statement Notes to the Financial Statements DKK ‘000 IFRS Q2 2026 IFRS restated Q2 2025 IFRS H1 2026 IFRS restated H1 2025 IFRS FY 2025 Income statement Revenue and other income 5 772 748 6 345 1 254 3 576 Gross profit and other income 5 161 610 5 691 976 2 290 Earnings before interest, tax, depreciation and amortization (EBITDA) 2 941 -1 292 1 563 -2 879 -4 639 Operating profit / loss (EBIT) 2 657 -1 292 1 278 -2 879 -4 639 Change in other financial assets, fair value -13 653 11 458 -10 360 11 458 11 019 Net Financials -13 726 10 060 -10 357 9 338 9 255 Profit / loss before tax -11 069 8 768 -9 079 6 459 4 616 Net profit / loss for the period -9 220 8 768 -8 551 6 459 -1 383 Statement of financial positision Total assets 85 120 90 521 85 120 90 521 89 954 Equity 69 005 85 196 69 005 85 196 77 354 Cash 381 8 592 381 8 592 7 642 Financial ratios*1 Gross Margin % 89,4% 81,5% 89,7% 77,8% 64,0% EBITDA margin % 51,0% -172,7% 24,6% -229,6% -129,7% Return of investment % (ROI) 3,0% -1,5% 1,5% -3,3% -5,4% Solvency ratio % 81,1% 94,1% 81,1% 94,1% 86,0% Return on equity (ROE) -12,6% 10,7% -11,7% 7,9% -1,8% Basic earnings per share -0,034 0,033 -0,032 0,033 -0,005 *1 Please refer to definition and calculation for key figures and key ratios from the Danish Finance Society “Recommendations & Financial Ratios” published 2025. Docusign Envelope ID: 3CA5F20D-9D9A-8626-835B-BD4AACF4D030
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7 INTERIM REPORT H1 2026 5th Planet Games At-A-Glance CEO Letter Outlook for 2024, Key figures and financial performance Statement by the Board of Directors and the Executive Board Independent Auditiors’ review report Consolidated income statement and statement of other comprehensive income Consolidated Balance Sheet Statement of changes in equity Consolidated cash flow statement Notes to the financial statements 5th Planet Games At-A-Glance CEO Letter Outlook for 2025, Key Figures and Financial Performance Statement by the Board of Directors and the Executive Board Income Statement and Statement of Other Comprehensive Income Balance Sheet Statement of Changes in Equity Cash Flow Statement Notes to the Financial Statements In H1 2026 5th Planet Games generated DKK 6.3M in revenue and other income compared to DKK 1.3M in H1 2025. The significant increase in revenue is coming from our latest investments Invincible VS and Sker Ritual. Gross profit and other income for H1 2026 amounted to DKK 5.7M, in H1 2025 Gross Profit was DKK 1.0M. Costs for H1 2026 are DKK 4.4M compared to DKK 3.9M in H1 2025. H1 2026 costs include amortization of an intangible asset and is the primary driver for the increase compared to H1 2025. Financial income for the period is DKK 9.8M, financial loss for the period is DKK 20.1M consisting of a positive and negative adjustment of the fair value of financial assets. Profit / loss before tax for the period is a loss of DKK 9.1, in H1 2025 it was a gain of DKK 6.5M. The loss in 2026 is caused by the negative adjustment in fair value of our financial assets. Net loss amounts to DKK 8.6M in H1 2026 compared to a gain of DKK 6.5M in the previous period. Docusign Envelope ID: 3CA5F20D-9D9A-8626-835B-BD4AACF4D030
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8 INTERIM REPORT H1 2026 5th Planet Games At-A-Glance CEO Letter Outlook for 2024, Key figures and financial performance Statement by the Board of Directors and the Executive Board Independent Auditiors’ review report Consolidated income statement and statement of other comprehensive income Consolidated Balance Sheet Statement of changes in equity Consolidated cash flow statement Notes to the financial statements The Board of Directors and the Executive Board have discussed and approved the interim report for the period of 1 January 2026 – 30 June 2026, of 5th Planet Games A/S. The interim report has been prepared in accordance with IAS 34 Interim Financial Reporting, as adopted by the EU, and additional Danish interim reporting requirements for listed companies. The interim report has not been audited or reviewed by the Company’s auditors. In our opinion, the interim report gives a true and fair view of 5th Planet Games’ assets, liabilities and financial position on 30 June 2026, and of the results of 5th Planet Games’ operations and cash flows for the period of 1 January 2026 – 30 June 2026. We also find that the management’s review provides a fair statement of developments in the activities and financial situation of the company, financial results for the period and the financial position of the company and describes the significant risks and uncertainties pertaining to the company. Copenhagen, 25 August 2026 Executive Management Mark Stanger Henrik Nielsen Søren Kokbøl Jensen Board of Directors: Jon Goldman Chairman David Alpert Statement by the Board of Directors and the Executive Board 5th Planet Games At-A-Glance CEO Letter Outlook for 2025, Key Figures and Financial Performance Statement by the Board of Directors and the Executive Board Income Statement and Statement of Other Comprehensive Income Balance Sheet Statement of Changes in Equity Cash Flow Statement Notes to the Financial Statements Docusign Envelope ID: 3CA5F20D-9D9A-8626-835B-BD4AACF4D030
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9 INTERIM REPORT H1 2026 5th Planet Games At-A-Glance CEO Letter Outlook for 2024, Key figures and financial performance Statement by the Board of Directors and the Executive Board Independent Auditiors’ review report Consolidated income statement and statement of other comprehensive income Consolidated Balance Sheet Statement of changes in equity Consolidated cash flow statement Notes to the financial statements DKK´000 Note Q2 2026 Restated Q2 2025 H1 2026 Restated H1 2025 FY 2025 Revenue 2 1 098 748 1 671 1 254 3 576 Cost of sales 611 138 654 278 1 286 Gross Profit 486 610 1 017 976 2 290 Other income 4 674 0 4 674 0 0 Research and development expenses 118 193 182 296 405 General and administrative expenses 2 386 1 708 4 230 3 558 6 524 Operating profit / loss (EBIT) 2 657 -1 292 1 278 -2 879 -4 639 Financial income 6 276 11 462 9 803 11 462 13 667 Financial expenses 20 001 1 402 20 159 2 124 4 412 Profit/loss before tax -11 069 8 768 -9 079 6 459 4 616 Income taxes -1 848 0 -527 0 5 999 Profit/loss for the period -9 220 8 768 -8 551 6 459 -1 383 Other comprehensive income 0 0 0 0 0 Comprehensive income -9 220 8 768 -8 551 6 459 -1 383 Distribution of comprehensive income: Parent company´s shareholders -9 220 8 768 -8 551 6 459 -1 383 Total -9 220 8 768 -8 551 6 459 -1 383 Basic earnings per share (DKK) 3 -0,034 0,033 -0,032 0,024 -0,005 Diluted earnings per share (DKK) 3 -0,034 0,027 -0,032 0,020 -0,005 Income statement and statement of other comprehensive income Financial Statements 5th Planet Games At-A-Glance CEO Letter Outlook for 2025, Key Figures and Financial Performance Statement by the Board of Directors and the Executive Board Income Statement and Statement of Other Comprehensive Income Balance Sheet Statement of Changes in Equity Cash Flow Statement Notes to the Financial Statements Docusign Envelope ID: 3CA5F20D-9D9A-8626-835B-BD4AACF4D030
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10 INTERIM REPORT H1 2026 5th Planet Games At-A-Glance CEO Letter Outlook for 2024, Key figures and financial performance Statement by the Board of Directors and the Executive Board Independent Auditiors’ review report Consolidated income statement and statement of other comprehensive income Consolidated Balance Sheet Statement of changes in equity Consolidated cash flow statement Notes to the financial statements DKK´000 Note 30.06.2026 Restated 30.06.2025 31.12.2025 Non-current assets Intangible assets 4 7 976 0 0 Other financial assets 5 66 191 74 915 76 551 Other receivables 1 308 2 723 1 272 Total non-current assets 75 475 77 638 77 823 Current Assets: Trade receivables 8 042 2 345 1 604 Other receivables 639 1 658 2 721 Accrued expenses 583 288 163 Cash and cash equivalents 381 8 592 7 642 Total current assets 9 645 12 883 12 131 Total assets 85 120 90 521 89 954 EQUITY AND LIABILITIES DKK´000 Note 30.06.2026 Restated 30.06.2025 31.12.2025 Equity: Share capital 13 444 13 419 13 419 Retained earnings 55 561 71 777 63 935 Total Equity 69 005 85 196 77 354 Non-current liabilities Derivative financials instruments 6 3 096 2 891 2 914 Deferred tax liability 5 491 0 6 018 Total non-current liabilities 8 587 2 891 8 933 Current liabilities Trade payables 709 1 451 1 830 Other payables 6 819 982 1 838 Total current liabilities 7 528 2 433 3 668 Total liabilities 16 115 5 324 12 601 Total equity and liabilities 85 120 90 521 89 954 Balance Sheet 5th Planet Games At-A-Glance CEO Letter Outlook for 2025, Key Figures and Financial Performance Statement by the Board of Directors and the Executive Board Income Statement and Statement of Other Comprehensive Income Balance Sheet Statement of Changes in Equity Cash Flow Statement Notes to the Financial Statements Docusign Envelope ID: 3CA5F20D-9D9A-8626-835B-BD4AACF4D030
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11 INTERIM REPORT H1 2026 5th Planet Games At-A-Glance CEO Letter Outlook for 2024, Key figures and financial performance Statement by the Board of Directors and the Executive Board Independent Auditiors’ review report Consolidated income statement and statement of other comprehensive income Consolidated Balance Sheet Statement of changes in equity Consolidated cash flow statement Notes to the financial statements DKK´000 Share capital Share premium Retained earnings Total equity Balance at 01.01.2026 13 419 0 63 935 77 354 Net Loss 0 0 -8 551 -8 551 Comprehensive income 0 0 -8 551 -8 551 Capital increase 25 177 0 202 Transfer of reserves 0 -177 177 0 Transactions with owners 25 0 177 202 Balance at 30.06.2026 13 444 0 55 561 69 005 Restated balance at 01.01.2025 13 419 0 65 318 78 737 Net Loss 0 0 6 459 6 459 Comprehensive income 0 0 6 459 6 459 Restated balance at 30.06.2025 13 419 0 71 777 85 196 Statement of changes in equity 5th Planet Games At-A-Glance CEO Letter Outlook for 2025, Key Figures and Financial Performance Statement by the Board of Directors and the Executive Board Income Statement and Statement of Other Comprehensive Income Balance Sheet Statement of Changes in Equity Cash Flow Statement Notes to the Financial Statements Docusign Envelope ID: 3CA5F20D-9D9A-8626-835B-BD4AACF4D030
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12 INTERIM REPORT H1 2026 5th Planet Games At-A-Glance CEO Letter Outlook for 2024, Key figures and financial performance Statement by the Board of Directors and the Executive Board Independent Auditiors’ review report Consolidated income statement and statement of other comprehensive income Consolidated Balance Sheet Statement of changes in equity Consolidated cash flow statement Notes to the financial statements DKK´000 Note H1 2026 H1 2025 FY 2025 Profit before tax -9 079 6 459 4 616 Amortisation 4 284 0 0 Change in other financial assets and liabilities, fair value 5 10 542 -11 458 -11 019 Financial income, excluding fair value financial assets -20 163 -4 -24 Financial expenses, excluding fair value financial assets and fx on cash 19 977 2 124 758 Changes in: Current assets -4 776 2 885 2 687 Current liabilities -1 644 1 012 2 246 Income tax paid 0 0 19 Operating cash flow -4 857 1 019 -717 Interest received 0 3 24 Interest and other financial expenses paid -2 -5 -5 Cash flow generated from operations -4 859 1 017 -698 Proceeds received from installment collection on sale of intellectual property rights. 0 0 1 452 Investments in intangible and other financial assets -2 756 0 -2 075 Cash flow from investing activities -2 756 0 -623 Proceeds from cash capital increase 202 0 0 Cash flow from financing activities 202 0 0 Total cash flow for the period -7 413 1 017 -1 321 Cash, beginning of period 7 642 9 694 9 694 Effect of movements in foreign exchange rates on cash 152 -2 119 -730 Cash and cash equivalents, end of period 381 8 592 7 642 Cash flow statement 5th Planet Games At-A-Glance CEO Letter Outlook for 2025, Key Figures and Financial Performance Statement by the Board of Directors and the Executive Board Income Statement and Statement of Other Comprehensive Income Balance Sheet Statement of Changes in Equity Cash Flow Statement Notes to the Financial Statements The addition of intangible assets of 8.3m DKK for the period includes 5.5m DKK, which has not yet been paid as of 30 June 2026 and is recognized as a liability. This part constitutes a non-cash transaction and is therefore not included in the cash flows for the period. The amount is expected to be paid in November 2026.” (cf. IAS 7.43). Docusign Envelope ID: 3CA5F20D-9D9A-8626-835B-BD4AACF4D030
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13 INTERIM REPORT H1 2026 5th Planet Games At-A-Glance CEO Letter Outlook for 2024, Key figures and financial performance Statement by the Board of Directors and the Executive Board Independent Auditiors’ review report Consolidated income statement and statement of other comprehensive income Consolidated Balance Sheet Statement of changes in equity Consolidated cash flow statement Notes to the financial statements 1. Basis of preparation The interim report has been prepared in accordance with IAS 34 Interim financial reporting, as adopted by the EU, and additional Danish interim reporting requirements for listed companies. The interim report does not include all the information and disclosures required in the annual financial statements and should be read in conjunction with the company’s annual financial statements as of 31 December 2025. The interim report has not been audited or reviewed by the Company’s auditors. The accounting policies adopted in the preparation of the interim report are consistent with those followed in the preparation of the company’s annual financial statements for the year ended 31 December 2025. Presentation of royalty income 5th Planet Games enters into co-publishing arrangements whereby it provides funding in exchange for contractual rights to participate in future revenues generated by specific game titles. As 5th Planet Games does not obtain control of the underlying intellectual property and does not provide goods or services to a customer, these arrangements do not constitute contracts with customers within the scope of International Financial Reporting Standard 15, Revenue from Contracts with Customers (IFRS 15). Instead, the arrangements represent contractual rights to receive future cash flows and are classified as financial assets measured at fair value through profit or loss under International Financial Reporting Standard 9, Financial Instruments (IFRS 9). Realized royalty receipts arising from these arrangements are presented within Other Operating Income, reflecting the recurring nature of the Company’s co-publishing activities. Changes in the fair value of the related financial assets are recognized separately within Financial Income/(Loss). As this income arises for the first time in the current period, no restatement of prior period royalty income arises. Nature of error During 2025, management identified errors in the accounting for: • other financial assets (classification/measurement), • deferred tax balances, • derivative financial instruments, and • Diluted earnings per share (DKK) These errors originated in periods prior to December 31, 2024. Correction approach The Company corrected these errors retrospectively in accordance with IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors. Notes to the Financial Statements 5th Planet Games At-A-Glance CEO Letter Outlook for 2025, Key Figures and Financial Performance Statement by the Board of Directors and the Executive Board Income Statement and Statement of Other Comprehensive Income Balance Sheet Statement of Changes in Equity Cash Flow Statement Notes to the Financial Statements Docusign Envelope ID: 3CA5F20D-9D9A-8626-835B-BD4AACF4D030
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14 INTERIM REPORT H1 2026 5th Planet Games At-A-Glance CEO Letter Outlook for 2024, Key figures and financial performance Statement by the Board of Directors and the Executive Board Independent Auditiors’ review report Consolidated income statement and statement of other comprehensive income Consolidated Balance Sheet Statement of changes in equity Consolidated cash flow statement Notes to the financial statements 5th Planet Games At-A-Glance CEO Letter Outlook for 2025, Key Figures and Financial Performance Statement by the Board of Directors and the Executive Board Income Statement and Statement of Other Comprehensive Income Balance Sheet Statement of Changes in Equity Cash Flow Statement Notes to the Financial Statements DKK´000 Q2 2026 Q2 2025 H1 2026 H1 2025 FY 2025 Sales of games and in-app purchases 58 129 149 270 491 Physical product sales 687 176 691 251 1 155 License income 353 443 831 733 1 931 Total 1 098 748 1 671 1 254 3 576 2. Revenue 3. Earnings per share DKK´000 Q2 2026 restated Q2 2025 H1 2026 restated H1 2025 FY 2025 Net profit/loss for the period -9 220 8 768 -8 551 6 459 -1 383 Weighted average number of shares outstanding 268 594 268 379 268 594 268 379 268 379 Warrants 51 329 51 829 51 329 51 829 51 829 Average number of shares in circulation 319 923 320 207 319 923 320 207 320 207 Diluted average number of shares in circulation 287 886 277 595 287 886 277 595 274 754 Basic earnings per share -0,034 0,033 -0,032 0,024 -0,005 Diluted earnings per share -0,034 0,027 -0,032 0,020 -0,005 Further information concerning warrants is disclosed in the annual report 2025 note 6 Impact table Interim comparatives statement The interim financial information for the six months ended June 30, 2025 has been restated to reflect the correction of these errors. Accordingly, all comparative information presented herein reflects the restated amounts. Significant accounting estimates and judgments The significant accounting estimates and judgments in the interim financial statements remain which remain unchanged compared to those used in Annual Report 2025 are described in the Annual Report 2025 in note 2. (DKK ‘000) As previously reported Adjustment Restated Other financial assets 74 009 906 74 915 Total assets 89 616 906 90 521 Derivate financial liabilities 0 2 891 2 891 Total liabilities 2 433 2 891 5 324 Retained earnings 73 763 -1 986 71 777 Total equity 87 182 -1 986 85 196 Diluted earnings per share (DKK) H1 0,019 0,001 0,020 Diluted earnings per share (DKK) Q2 0,026 0,001 0,027 Docusign Envelope ID: 3CA5F20D-9D9A-8626-835B-BD4AACF4D030
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15 INTERIM REPORT H1 2026 5th Planet Games At-A-Glance CEO Letter Outlook for 2024, Key figures and financial performance Statement by the Board of Directors and the Executive Board Independent Auditiors’ review report Consolidated income statement and statement of other comprehensive income Consolidated Balance Sheet Statement of changes in equity Consolidated cash flow statement Notes to the financial statements 5th Planet Games At-A-Glance CEO Letter Outlook for 2025, Key Figures and Financial Performance Statement by the Board of Directors and the Executive Board Income Statement and Statement of Other Comprehensive Income Balance Sheet Statement of Changes in Equity Cash Flow Statement Notes to the Financial Statements 4. Intangible assets DKK´000 Acquired rights Total Financial Y ear 2026 Costs as at 01.01.2026 0 0 Additions 8 260 8 260 Transfer 0 0 Disposals 0 0 Costs as at 30.06.2026 8 260 8 260 Amortisation and impairment losses as at 01.01.2026 0 0 Impairment losses 0 0 Amortisation 284 284 Disposals 0 0 Amortisation and impairment losses as at 30.06.2026 284 284 Carrying amount as at 30.06.2026 7 976 7 976 Sker Ritual Publishing Agreement In May 2026, 5th Planet Games entered into a five-year exclusive worldwide publishing agreement with Wales Interactive Limited (“Wales”) for Sker Ritual. As of June 30, 2026, the acquired publishing rights have been recognized as an intangible asset of approximately USD 1.0 million, amortized over an estimated useful life of five years. The agreement also provides for additional cash and share-based consideration of up to USD 1.0 million, expected to vest quarterly during Years 2–5. The share-based component is within the scope of IFRS 2. No amounts had vested or been recognized as of June 30, 2026, and this component had no material impact on 5th Planet Games’ financial position or results of operations for the period. Docusign Envelope ID: 3CA5F20D-9D9A-8626-835B-BD4AACF4D030
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16 INTERIM REPORT H1 2026 5th Planet Games At-A-Glance CEO Letter Outlook for 2024, Key figures and financial performance Statement by the Board of Directors and the Executive Board Independent Auditiors’ review report Consolidated income statement and statement of other comprehensive income Consolidated Balance Sheet Statement of changes in equity Consolidated cash flow statement Notes to the financial statements 5th Planet Games At-A-Glance CEO Letter Outlook for 2025, Key Figures and Financial Performance Statement by the Board of Directors and the Executive Board Income Statement and Statement of Other Comprehensive Income Balance Sheet Statement of Changes in Equity Cash Flow Statement Notes to the Financial Statements For other financial assets (investments in co-published games): The physical and digital game market is rapidly changing due to technology innovations (artificial intelligence), business model evolutions (free to play games), consumer preferences (new games versus legacy franchises). Video games, historically, are a hit driven business. The best performing games will exceed average or above average benchmark performance data and poorly performing games will come in under those averages. The Company’s budgets and prognoses for the coming years and thus the determination of the fair value of the financial assets are substantially impacted by management’s expectations for growth in connection with the launch of new games. Measurement of fair values Co-publishing arrangements relate to agreements under which the Company obtains the right to participate in the development and commercialization of specific game titles in exchange for an upfront investment. In substance, the Company contributes funding to support game development and, in return, receives a contractual right to share in future revenues generated by the game, typically based on an agreed revenue-sharing mechanism after distribution platform fees and other agreed costs. The Company does not obtain ownership of the underlying intellectual property but is entitled to a share of the economic benefits derived from the exploitation of the game over its commercial life. Fair value hierarchy The fair value measurement for other financial assets has been classified as Level 3, as it relies significantly on unobservable inputs in the valuation techniques. There were no transfers between fair value levels during the period. Description of geopolitical risks The company’s game-related cash flows are primarily generated through digital distribution and the company’s products, and co-production products are mostly 5a. Other financial assets - Co-publishing games DKK´000 30.06.2026 30.06.2025 31.12.2025 Balance beginning of period 73 974 71 899 71 899 Additions 0 0 2 075 Transfer 0 0 Balance end of period 73 974 71 899 73 974 Value adjustment beginning of period -18 289 -29 771 -29 771 Value adj.during the year -10 360 11 458 11 482 Value adjustment end of period -28 649 -18 313 -18 289 Carrying amount end of period 45 325 53 586 55 685 Docusign Envelope ID: 3CA5F20D-9D9A-8626-835B-BD4AACF4D030
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17 INTERIM REPORT H1 2026 5th Planet Games At-A-Glance CEO Letter Outlook for 2024, Key figures and financial performance Statement by the Board of Directors and the Executive Board Independent Auditiors’ review report Consolidated income statement and statement of other comprehensive income Consolidated Balance Sheet Statement of changes in equity Consolidated cash flow statement Notes to the financial statements 5th Planet Games At-A-Glance CEO Letter Outlook for 2025, Key Figures and Financial Performance Statement by the Board of Directors and the Executive Board Income Statement and Statement of Other Comprehensive Income Balance Sheet Statement of Changes in Equity Cash Flow Statement Notes to the Financial Statements nonphysical. Accordingly, management considers the company to have limited direct exposure to disruption in physical supply chains. In estimating the fair value of its Level 3 financial assets, the Company has considered the potential impact of geopolitical and macroeconomic uncertainties, including global economic volatility, changes in regulatory environments, and disruptions in international markets. Management has concluded that such risks are primarily reflected in the valuation through the application of risk-adjusted discount rates and conservative revenue assumptions. Given the digital nature of the underlying game assets, the absence of material geographic concentration in end-user markets, and the lack of direct exposure to sanctioned or restricted jurisdictions, management does not consider geopolitical uncertainties to have a separate or incremental material impact on the fair value measurement at the reporting date. Valuation technique The fair value of co-publishing arrangements is determined using an income approach, specifically a discounted cash flow model. The valuation is primarily driven by projected game sales over the expected commercial life of each title, which form the basis for estimating future revenue streams attributable to the Company under the contractual revenue-sharing mechanism. These projected cash flows are discounted to present value using a risk-adjusted discount rate reflecting the uncertainty and risk profile of game development and commercialization. The discounted cash flow model is applied over a three-year revenue window beginning in 2026 and reflects the present value of net cash inflows expected to be received by the Company under its co-publishing arrangements. The underlying cash flows are generated by the commercial performance of the related game titles, rather than the asset itself, and represent the Company’s contractual share of revenues. Estimated cash inflows are derived from projected game sales, calibrated against the performance of comparable titles within the same genre. These projected revenues are translated into net cash inflows based on the agreed royalty distribution waterfall, which allocates revenues after platform fees and other applicable costs. The resulting cash flows are discounted to present value using a risk-adjusted discount rate reflecting the uncertainty associated with game development and commercialization. Credit risk associated with the valuation is limited to the Company’s exposure to counterparty performance under the co-publishing arrangements, primarily the collection of royalty payments. Management has considered counterparty credit risk in estimating expected cash flows and has assessed the likelihood of non-payment to be low based on the counterparty’s financial position and historical payment experience, which has not indicated any material credit losses. Accordingly, no significant adjustment for credit risk has been incorporated into the projected cash flows. Docusign Envelope ID: 3CA5F20D-9D9A-8626-835B-BD4AACF4D030
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18 INTERIM REPORT H1 2026 5th Planet Games At-A-Glance CEO Letter Outlook for 2024, Key figures and financial performance Statement by the Board of Directors and the Executive Board Independent Auditiors’ review report Consolidated income statement and statement of other comprehensive income Consolidated Balance Sheet Statement of changes in equity Consolidated cash flow statement Notes to the financial statements 5th Planet Games At-A-Glance CEO Letter Outlook for 2025, Key Figures and Financial Performance Statement by the Board of Directors and the Executive Board Income Statement and Statement of Other Comprehensive Income Balance Sheet Statement of Changes in Equity Cash Flow Statement Notes to the Financial Statements Summary of significant unobservable inputs Key Unobservable Inputs Valuation Technique Range Average Description Projected game units volume sold Income (DCF) 114,301– 619,762 units 375,630 units Market participant assumptions for future demand and title performance, incorporating historical sales trends, user adoption patterns, and uncertainties associated with game development and commercialization risk. Projected digital price Income (DCF) 57.03 – 326.29 per unit 166.66 per unit Market participant assumptions for monetization and pricing strategy, incorporating historical pricing data, platform dynamics, and market conditions affecting achievable selling prices. Risk-adjusted discount rate Income (DCF) 15.1% 15.1% Discount rate reflecting market participant assumptions for a single-title game, derived using a build-up approach based on a risk-free rate, equity risk premium and beta, with additional premia for size and illiquidity, development execution risk, certification risk, heightened launch and market acceptance uncertainty, IP-related factors, and platform economics. Instrument B – released (DKK) Key Unobservable Inputs Valuation Technique Range Average Description Projected game units volume sold Income (DCF) 157,471 – 714,863 units 550,000 units Market participant assumptions for future demand and title performance, incorporating historical sales trends, user adoption patterns, and uncertainties associated with game development and commercialization risk. Projected digital price Income (DCF) 65.36 – 235.99 per unit 129.94 per unit Market participant assumptions for monetization and pricing strategy, incorporating historical pricing data, platform dynamics, and market conditions affecting achievable selling prices. Risk-adjusted discount rate Income (DCF) 33.3% 33.3% Discount rate reflecting market participant assumptions for a single-title game, derived using a build-up approach based on a risk-free rate, equity risk premium and beta, with additional premia for size and illiquidity, development execution risk, certification risk, heightened launch and market acceptance uncertainty, IP-related factors, and platform economics. Instrument C – in development, not yet released Docusign Envelope ID: 3CA5F20D-9D9A-8626-835B-BD4AACF4D030
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19 INTERIM REPORT H1 2026 5th Planet Games At-A-Glance CEO Letter Outlook for 2024, Key figures and financial performance Statement by the Board of Directors and the Executive Board Independent Auditiors’ review report Consolidated income statement and statement of other comprehensive income Consolidated Balance Sheet Statement of changes in equity Consolidated cash flow statement Notes to the financial statements 5th Planet Games At-A-Glance CEO Letter Outlook for 2025, Key Figures and Financial Performance Statement by the Board of Directors and the Executive Board Income Statement and Statement of Other Comprehensive Income Balance Sheet Statement of Changes in Equity Cash Flow Statement Notes to the Financial Statements Projected digital price per unit Instrument B – released (DKK’000) Change in projected sale Monetary Impact on Profit&Loss % of Total Investment +1000 bps 1.600 9.8% -1000 bps -1.600 -9.8% Instrument C – in development, not yet released (DKK’000) Change in projected sale Monetary Impact on Profit&Loss % of Total Investment +1000 bps 1.231 4.3% -1000 bps -1.219 -4.3% Risk-adjusted Discount Rate Instrument B – released (DKK’000) Change in Discount Rate Monetary Impact on Profit&Loss % of Fair Value +500 bps -394 -2.4% -500 bps 440 2.7% Instrument C – in development, not yet released (DKK’000) Change in Discount Rate Monetary Impact on Profit&Loss % of Fair Value +500 bps -1.751 -6.1% -500 bps 1.954 6.9% Instrument C – in development, not yet released (DKK’000) Change in projected sale Monetary Impact on Profit&Loss % of Total Investment +1000 bps 1.231 4.3% -1000 bps -1.219 -4.3% Instrument B – released (DKK’000) Sensitivity of unobservable inputs Projected game units volume sold Change in projected sale Monetary Impact on Profit&Loss % of Total Investment +1000 bps 1.600 9.8% -1000 bps -1.600 -9.8% Docusign Envelope ID: 3CA5F20D-9D9A-8626-835B-BD4AACF4D030
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20 INTERIM REPORT H1 2026 5th Planet Games At-A-Glance CEO Letter Outlook for 2024, Key figures and financial performance Statement by the Board of Directors and the Executive Board Independent Auditiors’ review report Consolidated income statement and statement of other comprehensive income Consolidated Balance Sheet Statement of changes in equity Consolidated cash flow statement Notes to the financial statements 5th Planet Games At-A-Glance CEO Letter Outlook for 2025, Key Figures and Financial Performance Statement by the Board of Directors and the Executive Board Income Statement and Statement of Other Comprehensive Income Balance Sheet Statement of Changes in Equity Cash Flow Statement Notes to the Financial Statements 5b. Other financial assets - Equity investments DKK´000 31.03.2026 Restated 31.03.2025 31.12.2025 Balance beginning of period 21 329 21 329 21 329 Additions 0 0 0 Transfer 0 0 0 Balance end of period 21 329 21 329 21 329 Value adjustment beginning of period -463 0 0 Value adj.during the year 0 0 -463 Value adjustment end of period -463 0 -463 Carrying amount end of period 20 866 21 329 20 866 The investments relates to: Skybound LLC 3 037 3 500 3 037 Sagafilm ehf. 17 829 17 829 17 829 Carrying amount end of period 20 866 21 329 20 866 Measurement of fair values Fair value hierarchy During 2025, the Company changed the valuation technique applied to market approach and income approach. In prior periods, these investments were measured using a cost approach, as management considered cost to approximate fair value due to the absence of reliable market data and limited financial information from the investees. In 2025, sufficient information on the investees’ projected performance and industry benchmarks became available, enabling management to apply an income approach (discounted cash flow model). The change was made to enhance the reliability and relevance of the fair value measurement in accordance with IFRS 13. The change in valuation technique did not result in a transfer between levels of the fair value hierarchy (measurements remain classified as Level 3) Valuation technique Market and income approaches (discounted cash flows): The Company applies different valuation techniques depending on the nature of the investment. For the investment in Skybound LLC, the market approach is applied by considering information generated by observable market transactions involving identical or comparable instruments, including recent capital raises, and applying a weighted assessment to reflect their relative relevance and reliability. For the investment in Sagafilm ehf, the income approach is used, Other financial assets (Equity investments): Are measured at fair value on a recurring basis, where 5th Planet Games A/S on each reporting date evaluated the valuation of the investments. The selected valuation approaches are based on the information available to 5th Planet Games A/S at the reporting date. Docusign Envelope ID: 3CA5F20D-9D9A-8626-835B-BD4AACF4D030
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21 INTERIM REPORT H1 2026 5th Planet Games At-A-Glance CEO Letter Outlook for 2024, Key figures and financial performance Statement by the Board of Directors and the Executive Board Independent Auditiors’ review report Consolidated income statement and statement of other comprehensive income Consolidated Balance Sheet Statement of changes in equity Consolidated cash flow statement Notes to the financial statements 5th Planet Games At-A-Glance CEO Letter Outlook for 2025, Key Figures and Financial Performance Statement by the Board of Directors and the Executive Board Income Statement and Statement of Other Comprehensive Income Balance Sheet Statement of Changes in Equity Cash Flow Statement Notes to the Financial Statements whereby fair value is determined using a discounted cash flow model based on projected net cash flows, representing expected operating profits after tax adjusted for working capital movements and capital expenditures, and discounted using an appropriate risk- adjusted discount rate. Description of Geopolitical Risks In relation to the Business’s equity investments in Skybound Entertainment and Sagafilm ehf, management considers the underlying operations to be primarily service- and content-based and therefore not directly exposed to disruptions in physical supply chains. However, these investments remain subject to broader geopolitical and macroeconomic uncertainties, including changes in regulatory environments, market access, and global economic conditions within their respective jurisdictions. In estimating the fair value of Level 3 investments, management considers geopolitical and macroeconomic uncertainties in a manner consistent with the applied valuation techniques. For Sagafilm ehf, such uncertainties are reflected through risk-adjusted discount rates, scenario analyses, and conservative assumptions applied to projected cash flows within the discounted cash flow model. For Skybound LLC, which is valued using the market approach, these uncertainties are inherently reflected in observable transaction prices, including recent capital raises, as determined by market participants at the transaction date. Given the nature of the underlying businesses, their geographic operating environments, and the absence of exposure to sanctioned or highly restricted jurisdictions, management does not consider geopolitical risks to have a separate or incremental material impact on the fair value measurement at the reporting date. Significant unobservable inputs Investment in Skybound LLC In determining the fair value of its investment classified as a Level 3 financial asset measured at fair value through profit or loss, the Business considers multiple observable transaction price points including the use of valuation report from third party services. The significant unobservable inputs in this approach are that nothing has changed between the transaction and the reporting date and the allocation percentage assigned to each observable data point, which requires judgment in evaluating the nature, size, and circumstances of each transaction. Management assigns higher weighting to price points derived from larger and arm’s-length transactions, while lower weighting is attributed to data points reflecting smaller-scale transactions or those influenced by promotional or non-market factors, and the lowest weighting is assigned to valuation-derived estimates that does not consider as a market transaction. It represents an estimate based on unobservable inputs and is therefore assigned a lower weighting compared to observable transaction prices. This weighting methodology reflects management’s view of market participant assumptions and results in a blended fair value estimate. Docusign Envelope ID: 3CA5F20D-9D9A-8626-835B-BD4AACF4D030
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22 INTERIM REPORT H1 2026 5th Planet Games At-A-Glance CEO Letter Outlook for 2024, Key figures and financial performance Statement by the Board of Directors and the Executive Board Independent Auditiors’ review report Consolidated income statement and statement of other comprehensive income Consolidated Balance Sheet Statement of changes in equity Consolidated cash flow statement Notes to the financial statements 5th Planet Games At-A-Glance CEO Letter Outlook for 2025, Key Figures and Financial Performance Statement by the Board of Directors and the Executive Board Income Statement and Statement of Other Comprehensive Income Balance Sheet Statement of Changes in Equity Cash Flow Statement Notes to the Financial Statements Investment in Sagafim ehf Sensitivity of unobservable inputs Investment in Skybound LLC *On May 22, 2026, Skybound LLC completed a 1-for-10 stock split, whereby each ordinary share was subdivided into ten shares. As a result, the share price was adjusted proportionately from USD 85.0 to USD 8.5. Investment in Sagafilm ehf Profit after tax margins for international film and television represent one of the long-term, globally comparable metrics for value creation for studios that own IP and derive the monetization benefits from that ownership. Profit After-Tax Margin Sensitivity (‘000) Discount Rate Sensitivity (‘000) Management has assessed the projections used in arriving at the fair value of financial assets. On the basis of its best judgment, management believes that these valuations reflect the best estimate of fair value based on the information and business knowledge at this time. Management continues to monitor the reported performance on its investees and the development milestones for the games and pre-launch market developments and will update its assumptions as circumstances require. Key Unobservable Inputs Valuation Technique Rate Description Profit after-tax margin Income (DCF) 9% Estimated based on Sagafilm’s historical margin profile and industry benchmarks for mid-sized international production studios, reflecting expected operating leverage as scale increases Risk-adjusted discount rate Income (DCF) 16.3% Discount rate derived from Skybound’s enterprise- level cost of capital, adjusted for differences in sovereign risk and risk-free rates between the United States and Iceland, incorporating country- specific risk factors. Scenario Allocation Assumption Implied Fair Value per Unit (USD) * % Change in Fair Value Impact on Profit or Loss (DKK) Downside case 100% allocated to lowest observable price 8.5 -11.0% -333,900 Upside case 100% allocated to highest observable price 10.00 4.7% 143,100 Change in profit after tax margin Monetary Impact on Profit/(Loss) (DKK) % of Fair Value +100 bps 2 270 12.7% -100 bps -1 920 -10.7% Change in Discount Rate Monetary Impact on Profit/(Loss) (DKK) % of Fair Value +100 bps -1,420 -8.0% -100 bps 1,700 9.5% Docusign Envelope ID: 3CA5F20D-9D9A-8626-835B-BD4AACF4D030
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23 INTERIM REPORT H1 2026 5th Planet Games At-A-Glance CEO Letter Outlook for 2024, Key figures and financial performance Statement by the Board of Directors and the Executive Board Independent Auditiors’ review report Consolidated income statement and statement of other comprehensive income Consolidated Balance Sheet Statement of changes in equity Consolidated cash flow statement Notes to the financial statements 5th Planet Games At-A-Glance CEO Letter Outlook for 2025, Key Figures and Financial Performance Statement by the Board of Directors and the Executive Board Income Statement and Statement of Other Comprehensive Income Balance Sheet Statement of Changes in Equity Cash Flow Statement Notes to the Financial Statements 6. Financial liability - Derivative Liabilities – Milestone Warrant DKK´000 30.06.2026 30.06.2025 31.12.2025 Cost beginning of period 2 948 2 948 2 948 Additions 0 0 0 Disposals 0 0 0 Cost end of period 2 948 2 948 2 948 Value adjustment beginning of period -34 -57 -57 Value adj.during the year 182 0 23 Value adjustment end of period 148 -57 -34 Carrying amount end of period 3 096 2 891 2 914 Docusign Envelope ID: 3CA5F20D-9D9A-8626-835B-BD4AACF4D030
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24 INTERIM REPORT H1 2026 5th Planet Games At-A-Glance CEO Letter Outlook for 2024, Key figures and financial performance Statement by the Board of Directors and the Executive Board Independent Auditiors’ review report Consolidated income statement and statement of other comprehensive income Consolidated Balance Sheet Statement of changes in equity Consolidated cash flow statement Notes to the financial statements Contact details Mark Stanger, CEO mstanger@5thplanetgames.com Investor Relations ir@5thplanetgames.com 5th Planet Games A/S Gothersgade 11 1123 Copenhagen Denmark CVR No.: 3359 7142 Docusign Envelope ID: 3CA5F20D-9D9A-8626-835B-BD4AACF4D030