Interim report
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2 TABLE OF CONTENT I. SELECTED CONSOLIDATED FINANCIAL DATA .................................................................................. 4 II. GENERAL INFORMATION .......................................................................................................................... 5 1. Basic information .......................................................................................................................................................... 5 2. Information about the Parent Company................................................................................................................ 5 3. Composition of the Management Board and the Supervisory Board .......................................................... 5 4. Information on the Capital Group ........................................................................................................................... 6 5. Format of the condensed financial statements ................................................................................................... 6 6. Approval for publication ............................................................................................................................................. 7 7. Translation of figures presented in a foreign currency and translation into the presentation currency ........................................................................................................................................................................... 7 III.INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION .................. 8 8. Interim consolidated financial position statement ............................................................................................. 8 9. Interim condensed consolidated statement of comprehensive income ...................................................... 9 10. Net earnings per ordinary share ............................................................................................................................ 10 11. Interim consolidated statement of changes in equity .................................................................................... 11 12. Condensed interim separate statement of cash flows ................................................................................... 12 IV. SEPARATE INTERIM FINANCIAL STATEMENTS .............................................................................. 13 13. Separate interim financial statement on financial position........................................................................... 13 14. Separate interim statement of comprehensive income (by function) ....................................................... 14 15. Separate interim statement of changes in equity ............................................................................................ 15 16. Interim separate cash flow statement ................................................................................................................. 16 V. COMMENTARY ON THE RESULTS, BASIS FOR PREPARATION OF THE FINANCIAL STATEMENTS AND ACCOUNTING PRINCIPLES APPLIED ............................................................. 17 1. Declaration of compliance and basis for preparation, effect of changes applied standards and interpretations. ........................................................................................................................................................... 17 2. Description of the adopted accounting policies .............................................................................................. 19 VI. ADDITIONAL NOTES AND EXPLANATIONS........................................................................................ 30 1. Changes in the presentation and classification of the financial statement items ................................. 30 2. Explanatory notes to the statement of financial position ............................................................................. 30 Note 1 Property, plant and equipment ................................................................................................................ 30 Note 2 Intangible assets...................................................................................................................................... 31 Note 3 Non-current receivables.......................................................................................................................... 33 Note 4 Prepayments and accruals....................................................................................................................... 33 Note 5 Accounts receivable and other receivables............................................................................................. 34 Note 6 Cash and cash equivalents ...................................................................................................................... 34 Note 7 Equity ..................................................................................................................................................... 35 Note 8 Lease liabilities ....................................................................................................................................... 38 Note 9 Current liabilities .................................................................................................................................... 38 3. Notes to the statement of comprehensive income.............................................................................................. 38 Note 10 Revenues from sales ............................................................................................................................. 38 Note 11 Costs of operating activity .................................................................................................................... 40 Note 12 Other operating income and expenses .................................................................................................. 40 Note 13 Finance income and costs ..................................................................................................................... 40 Note 14 Income tax and deferred tax ................................................................................................................. 41 4. Explanatory notes to the cash flow statement ...................................................................................................... 42 Note 15 Change in current receivables .............................................................................................................. 42
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 3 Note 16 Other adjustments ................................................................................................................................. 42 5. Other explanatory notes............................................................................................................................................... 43 Note 17 Financial Instruments ........................................................................................................................... 43 Note 18 Benefits for key management personnel (incl. remuneration for members of the Management Board and members of the Supervisory Board) ............................................................................................................ 43 Note 19 Contingent items and other off-balance sheet items............................................................................. 44 Note 20 Employment ......................................................................................................................................... 44 Note 21 Description of factors and events, especially of non-typical nature, having an impact on the financial results ................................................................................................................................................................. 44 Note 22 Events after the end of the financial year, not taken into account in the financial statements ............. 44 Note 23 Transactions with related entities ......................................................................................................... 44 Note 24 Cyclicality and seasonality of the activities run ................................................................................... 45 Note 25 Remuneration of the statutory auditor .................................................................................................. 45 Note 26 Objective and principles of risk management ...................................................................................... 45
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 4 I. SELECTED CONSOLIDATED FINANCIAL DATA Specification PLN thousand EUR thousand For the period of 3 months ended 30 June 2026 For the period of 3 months ended 30 June 2025 For the period of 3 months ended 30 June 2026 For the period of 3 months ended 30 June 2025 Consolidated statement of comprehensive income Net revenues from sales of products, merchandise and materials 83 196 84 798 19 518 19 921 Profit (loss) on operating activity 31 360 35 243 7 357 8 279 Gross profit (loss) 31 294 34 404 7 342 8 082 Net profit (loss) 29 111 31 024 6 830 7 288 Profit (loss) per ordinary share (in PLN/EUR) 1.13 1.20 0.27 0.28 Number of shares (in thousand items) 25 750 25 750 25 750 25 750 Consolidated cash flow statement Net cash flows from operating activity 41 518 33 976 9 740 7 982 Net cash flows from investing activity (10 149) (8 135) (2 381) (1 911) Net cash flows from financing activity (293) (308) (69) (72) Net cash flows, in total 31 076 25 533 7 291 5 998 Specification PLN thousand EUR thousand 30 June 2026 31 March 2026 30 June 2026 31 March 2026 Consolidated statement of financial position Total assets 236 510 195 923 55 050 45 676 Liabilities and provisions for liabilities 97 824 85 958 22 769 20 040 Non-current liabilities 4 308 4 832 1 003 1 126 Current liabilities 93 516 81 126 21 767 18 913 Equity 138 686 109 965 32 280 25 636 Share capital 515 515 120 120 Book value per share (in PLN/EUR) 5.39 4.27 1.25 1.00 Number of shares (in thousand items) 25 750 25 750 25 750 25 750 PLN/EUR exchange rate 1 April 2026 – 30 June 2026 1 April 2025 – 31 March 2026 1 April 2025 –30 June 2025 For the figures in the statement of financial position 4.2963 4.2894 4.2419 For the figures in the statement of comprehensive income and in the cash flow statement 4.2625 4.2515 4.2568 The highest rate for the period 4.2963 4.3033 4.3033 The lowest rate for the period 4.2284 4.1791 4.1791 Wrocław, 28 August 2026 Mariusz Ciepły Urszula Jarzębowska Joanna Alwin President of the Management Board Member of the Management Board Financial Director Chief Accountant
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 5 II. General information 1. Basic information The condensed consolidated financial statements of Text S.A. Capital Group (“Group of Companies”, “Group”) comprise: ▪ Consolidated statement of financial position as at 30 June 2026, which presents a total balance of assets, liabilities and shareholders' equity in the amount of (PLN thousand) 238,569 ▪ Consolidated statement of comprehensive income for the period from 1 April 202 6 to 30 June 2026, which presents a net profit of (PLN thousand) 29,111 and comprehensive income of (PLN thousand) 29,102; ▪ Consolidated statement of changes in equity for the period from 1 April 2026 to 30 June 2026, which presents an increase of equity by (PLN thousand) 28,721; ▪ Consolidated cash flow statement for the period from 1 April 202 6 to 30 June 202 6, which presents an increase of net cash by (PLN thousand) 31,076; ▪ Additional notes and explanations. 2. Information about the Parent Company The parent company of Text Spółka Akcyjna Capital Group (hereinafter referred to as the “Group of Companies”, “Group” , “Capital Group” ) is Text S.A. (hereinafter referred to as the “Parent Company”, “Company”, “Reporting Entity”). The Parent Company was established by the Notarial Deed of 10 September 2007. The Parent Company is entered in the Register of Entrepreneurs of the National Court Register kept by the District Court for Wrocław-Fabryczna – 6th Commercial Division with KRS No. 0000290756. The registered office of the Parent Company is located in Wrocław at Zwycięska 47, 53-033 Wrocław Name of the reporting entity: Text Spółka Akcyjna Registered office of the Reporting Entity: Zwycięska 47, 53-033 Wrocław, Poland Address of the registered office of the Reporting Entity: Zwycięska 47, 53-033 Wrocław, Poland Legal form of the Reporting Entity: Joint stock company Country of registration: Poland Principal object of activity: 62.01.Z. Software-related activities The Parent Company and its subsidiaries have been established for an indefinite period. The reporting entity has no upstream unit. 3. Composition of the Management Board and the Supervisory Board The Management Board of the Parent Company as at the balance sheet date and the date of approval of the financial statements for publication was composed of: ● Mariusz Ciepły – President of the Management Board; ● Urszula Jarzębowska – Member of the Management Board.
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 6 During the reporting period, the composition of the Management Board of the Parent Company did not change. The Supervisory Board of the Parent Company as at the balance sheet date and as at the date of approval of the financial statements for publication was composed of: • Maciej Jarzębowski – Chairperson of the Supervisory Board; • Jakub Sitarz – Vice-Chairperson of the Supervisory Board; • Marta Ciepła – Member of the Supervisory Board; • Marcin Mańdziak – Member of the Supervisory Board; • Marzena Czapaluk – Member of the Supervisory Board. 4. Information on the Capital Group The consolidated financial statements of Text S.A. Capital Group cover its subsidiary Text Inc. (formerly LiveChat Inc.), with its registered office at 101 Arch Street, 8th Floor, Boston, MA 02110, USA, in which the Parent Company holds 100% of the shares. 5. Format of the condensed financial statements Basis for preparation of the statements These interim consolidated financial statements have been prepared in accordance with International Accounting Standard No. 34 “Interim Financial Reporting” as approved by the EU (“IAS 34”). The interim condensed consolidated financial statements do not include all the information and disclosures required in the annual financial statement and should be read in conjunction with the Group's consolidated financial statements for the financial year ended 31 March 2026. Functional currency and presentation currency The interim condensed consolidated financial statements are presented in Polish zloty (PLN) which is the Parent Company’s and Capital Group functional and presentation currency. Transactions denominated in foreign currencies are translated into the functional currency at the exchange rate applicable on the transaction date. Foreign exchange gains and losses arising from the settlement of these transactions and from the balance sheet valuation of monetary assets and liabilities denominated in foreign currencies are recognized in the statement of comprehensive income, unless they qualify for cash flow hedging or net investment hedging and are deferred in equity. Presented periods The interim condensed consolidated financial statements were prepared as at 30 June 2026 and cover a period of 3 months i.e. from 1 April 2026 to 30 June 2026. For the data presented in the interim condensed statements of financial position and off -balance sheet items, comparable financial data are provided as at 31 March 2026. For the data presented in the interim condensed statements of comprehensive income, interim condensed statements of changes in equity, and interim condensed statements of cash flows, comparable financial data are presented for the period from 1 April 2025 to 30 June 2025. Audit by an Audit Firm These interim condensed consolidated financial statements, together with selected elements of the interim condensed separate financial statements, have not been audited or reviewed by an independent audit firm.
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 7 6. Approval for publication The presented financial statements were approved for publication by the Parent Company’s Management Board on 28 August 2026. 7. Translation of figures presented in a foreign currency and translation into the presentation currency As at 30 June 202 6, balance sheet items were presented in USD using the exchange rate of 1 USD = 3.7708 PLN, whereas items in the statement of financial results and comprehensive income were presented using the exchange rate of 1 USD = 3.6854 PLN. The value of the Parent Company’s shares in its subsidiary Text Inc. was translated using the historical exchange rate of 1 USD = 3.3129 PLN. Declaration of the Management Board The Management Board of Text S.A. declares that, to the best of its knowledge, these interim condensed consolidated financial statements and comparable data have been prepared in accordance with the regulations applicable to the Text S.A. Capital Group’s a ccounting principles. They reflect, in a true, reliable, and clear manner, the property and financial situation of the Company and the Capital Group, as well as its financial results. These interim condensed consolidated financial statements were prepared in accordance with International Financial Reporting Standards (IAS 34 – Interim Financial Reporting) and related interpretations applicable to interim financial reporting, as published in the form of European Commission regulations approved by the European Union. The presented interim condensed consolidated financial statements also comply with the Regulation of the Minister of Finance of 29 March 2018, regarding current and periodic information provided by issuers of securities and the conditions for recognizing as equivalent the information required by the laws of a non -member state. In accordance with Resolution No. 24/2024 of the Ordinary General Meeting of Shareholders held on 22 August 2024, TEXT S.A. will prepare its financial statements in accordance with International Accounting Standards (IAS) starting from 1 April 2024. Wrocław, 28 August 2026 Mariusz Ciepły Urszula Jarzębowska Joanna Alwin President of the Management Board Member of the Management Board Financial Director Chief Accountant
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 8 III. INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANC IAL POSITION 8. Interim consolidated financial position statement Specification Note As at 30 June 2026 As at 31 March 2026 NON-CURRENT ASSETS 96 081 93 376 Property, plant and equipment 1 6 012 5 468 Intangible assets 2 85 163 82 762 Long-term receivables 3 160 160 Deferred income tax assets 14 4 701 4 938 Long-term prepayments 4 45 48 CURRENT ASSETS 140 429 102 547 Accounts receivable 5 1 831 2 053 CIT receivables 5 24 833 23 275 VAT receivables 5 17 633 12 112 Other receivables 5 224 342 Cash and cash equivalents 6 93 856 62 780 Prepayments 4 2 052 1 985 Assets classified as held for sale - - TOTAL ASSETS 236 510 195 923 EQUITY 138 686 109 965 Share capital 7.2. 515 515 Supplementary capital from retained earnings and transactions of mergers under common control 7.3. 76 635 76 635 Currency conversion differences (188) (179) Retained earnings 7.4. 61 724 32 994 Equity attributable to shareholders of the parent company 138 686 109 965 Equity attributable to non-controlling interests - - NON-CURRENT LIABILITIES 4 308 4 832 Deferred tax liabilities 14 9 1 Non-current lease liabilities 8 3 041 3 292 Liabilities from contracts with customers 1 258 1 539 CURRENT LIABILITIES 93 516 81 126 Current lease liabilities 8 981 966 Accounts payable 9 15 298 10 284 Liabilities from contracts with customers 9 75 955 65 502 Other liabilities 9 1 282 4 374 Liabilities directly connected with non-current assets classified as held for sale - - TOTAL LIABILITIES 97 824 85 958 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 236 510 195 923 Wrocław, 28 August 2026 Mariusz Ciepły Urszula Jarzębowska Joanna Alwin President of the Management Board Member of the Management Board Financial Director Chief Accountant
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 9 9. Interim condensed consolidated statement of comprehensive income Specification Note For the period of 3 months ended 30 June 2026 For the period of 3 months ended 30 June 2025 Continued operations Revenues from sales 10 83 196 84 798 Cost of sales 11 25 273 26 354 GROSS PROFIT (LOSS) ON SALES 57 923 58 444 Selling expenses 11 16 878 16 383 Administrative expenses 11 9 948 6 247 Other operating income 12 374 61 Other operating expenses 12 111 632 PROFIT (LOSS) ON OPERATING ACTIVITY 31 360 35 243 Finance income 13 - 74 Finance costs 13 66 913 PROFIT (LOSS) BEFORE TAX 31 294 34 404 Income tax 14 2 183 3 380 NET PROFIT (LOSS) ON CONTINUED OPERATIONS 29 111 31 024 NET PROFIT (LOSS) 29 111 31 024 Other comprehensive income items that will not be reclassified into profit or loss - - Other comprehensive income items that, after meeting certain requirements, will be reclassified into profit or loss (9) 683 Exchange rate differences from conversion of foreign entities (9) 683 Total other comprehensive income (9) 683 Comprehensive income total 29 102 31 707 Wrocław, 28 August 2026 Mariusz Ciepły Urszula Jarzębowska Joanna Alwin President of the Management Board Member of the Management Board Financial Director Chief Accountant
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 10 10. Net earnings per ordinary share Earnings per share (expressed in PLN per share) For the period of 3 months ended 30 June 2026 For the period of 12 months ended 31 March 2026 For the period of 3 months ended 30 June 2025 From continued and discontinued operations Ordinary 1.13 4.53 1.20 Diluted 1.13 4.53 1.20 From continued operations Ordinary 1.13 4.53 1.20 Diluted 1.13 4.53 1.20 Weighted average number of ordinary shares 25 750 000 25 750 000 25 750 000 Weighted average diluted number of ordinary shares 25 750 000 25 750 000 25 750 000 Ordinary profit on continued operations per share is calculated as the quotient of profit on continued operations attributable to ordinary shareholders of the Parent Company and weighted average number of issued ordinary shares in the financial year. Diluted profit on continued operations per share is calculated as the quotient of profit on continued operations attributable to ordinary shareholders of the Parent Company (after deduction of interest on redeemed preference shares converted into ordinary shares) and the weighted average number of issued ordinary shares in the financial year (adjusted for the effect of diluting options and diluting redeemed preference shares converted into ordinary shares).
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 11 11. Interim consolidated statement of changes in equity STATEMENT OF CHANGES IN EQUITY for the period of 3 months ended 30 June 2026 Share capital Supplementary capital Exchange rate differences from conversion of a subsidiary Retained earnings Total equity attributable to equity holders of the parent company Non- controlling shares Total equity Equity as at 1 April 2026 515 76 635 (179) 32 994 109 965 - 109 965 Transfer of financial results to equity - - - - - - - Dividends paid - - - - - - - Changes related to the settlement of the financial result - - - (381) (381) - (381) Total transactions with owners - - - (381) (381) - (381) Net profit (loss) for the period - - - 29 111 29 111 - 29 111 Other comprehensive income - - (9) - (9) - (9) Total comprehensive income - - (9) 29 111 29 102 - 29 102 Total of changes in equity - - (9) 28 730 28 721 - 28 721 Equity as at 30 June 2026 515 76 635 (188) 61 724 138 686 - 138 686 STATEMENT OF CHANGES IN EQUITY for the period of 3 months ended 30 June 2025 Share capital Supplementary capital Exchange rate differences from conversion of a subsidiary Retained earnings Total equity attributable to equity holders of the parent company Non- controlling shares Total equity Equity as at 1 April 2025 515 68 976 (1 279) 68 206 136 418 - 136 418 Transfer of financial results to equity - - - - - - - Dividends paid - - - - - - - Changes related to the settlement of the financial result - - - - - - - Total transactions with owners - - - - - - - Net profit (loss) for the period - - - 31 024 31 024 - 31 024 Other comprehensive income - - 683 (927) (244) - (244) Total comprehensive income - - 683 30 097 30 780 - 30 780 Total of changes in equity - - 683 30 097 30 780 - 30 780 Equity as at 30 June 2025 515 68 976 (596) 98 303 167 198 - 167 198 Wrocław, 28 August 2026 Mariusz Ciepły Urszula Jarzębowska Joanna Alwin President of the Management Board Member of the Management Board Financial Director Chief Accountant
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 12 12. Condensed interim separate statement of cash flows Specification Note For the period of 3 months ended 30 June 2026 For the period of 3 months ended 30 June 2025 Profit (loss) before tax 31 294 34 404 Total adjustments: 13 205 (1 658) Depreciation/amortization 7 203 6 385 Change in the balance of receivables 15 (5 181) (7 253) Change in the balance of current liabilities, save for financial liabilities 15 186 (1 861) Change in the balance of prepayments and accruals (3 156) 1 577 Change in the balance of assets and provisions for deferred income tax 245 826 Other adjustments 16 (1 092) (1 332) Cash generated from operating activities 44 499 32 746 Income tax paid (2 981) 1 230 Net cash flows from operating activity 41 518 33 976 Expenditures on acquisition of intangible assets and property, plant and equipment (10 149) (8 209) Interest received - 74 Net cash flows from investing activity (10 149) (8 135) Interest paid (66) (20) Payment of liabilities arising from financial lease agreements (227) (288) Net cash flows from financing activity (293) (308) TOTAL NET CASH FLOWS 31 076 25 533 BALANCE SHEET CHANGE IN CASH, OF WHICH: 31 076 25 533 - change in the balance of cash arising from foreign exchange differences - - CASH AT THE BEGINNING OF THE PERIOD 62 780 77 704 CASH AT THE END OF THE PERIOD 93 856 103 237 Wrocław, 28 August 2026 Mariusz Ciepły Urszula Jarzębowska Joanna Alwin President of the Management Board Member of the Management Board Financial Director Chief Accountant
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 13 IV. SEPARATE INTERIM FINANCIAL STATEMENTS 13. Separate interim financial statement on financial position Specification 30 June 2026 31 March 2026 Non-current assets 96 083 93 378 Intangible assets 6 012 5 468 Property, plant and equipment 85 163 82 762 Long-term receivables 160 160 Long-term investments 2 2 Deferred income tax assets 4 701 4 938 Long-term prepayments 45 48 Current assets 131 806 98 810 Receivables from related entities 4 219 3 942 Receivables from other entities 17 1 CIT receivables 24 833 23 275 VAT receivables 17 633 12 112 Other receivables 224 342 Cash and cash equivalents 82 828 57 153 Accruals 2 052 1 985 Assets classified as held for sale - - Total assets 227 889 192 188 Equity 135 757 106 837 Share capital 515 515 Supplementary capital derived from retained earnings and merger transactions under common control 76 635 76 635 Retained earnings 58 607 29 687 Liabilities 92 132 85 351 Long-term liabilities 4 308 4 832 Liabilities for deferred income tax 9 1 Non-current lease liabilities 3 041 3 292 Liabilities to other entities related to contracts with customers 1 258 1 539 Current liabilities 87 824 80 519 Current lease liabilities 981 966 Liabilities to other entities related to contracts with customers 75 955 65 502 Trade payables other entities 9 607 9 677 Other liabilities 1 281 4 374 TOTAL EQUITY 227 889 192 188 Wrocław, 28 August 2026 Mariusz Ciepły Urszula Jarzębowska Joanna Alwin President of the Management Board Member of the Management Board Financial Director Chief Accountant
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 14 14. Separate interim statement of comprehensive income (by function) Specification (PLN thousand) For the period of 3 months ended 30 June 2026 For the period of 3 months ended 30 June 2025 Continued activity A. Revenues from sales 83 196 84 798 - from related entities 82 897 84 563 B. Cost of sales 25 273 25 462 C. Gross profit (loss) on sales (A-B) 57 923 59 336 D. Selling expenses 16 982 16 499 E. General administrative costs 10 021 6 306 F. Profit (loss) on sales (C-D-E) 30 920 36 531 G. Other operating revenues 360 61 H. Other operating costs 111 632 I. Profit (loss) on operating activity (F+G+H) 31 169 35 960 J. Financial revenues - 74 K. Financial costs 66 1 805 L. Gross profit (loss) (I+J-K) 31 103 34 229 M. Income tax 2 183 3 380 N. Remaining mandatory reductions to profit - - O. Net profit (loss) (L-M-N) 28 920 30 849 Wrocław, 28 August 2026 Mariusz Ciepły Urszula Jarzębowska Joanna Alwin President of the Management Board Member of the Management Board Financial Director Chief Accountant
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 15 15. Separate interim statement of changes in equity STATEMENT OF CHANGES IN EQUITY for the period of 3 months ended 30 June 2026 Share capital Supplementary capital Retained earnings Total equity Equity as at the beginning of the period 515 76 635 29 687 106 837 Transfer of financial results to equity - - - - Dividends paid - - - Changes related to the settlement of the financial result - Total transactions with owners - - - - Net profit (loss) - - 28 920 28 920 Total comprehensive income - - 28 920 28 920 Equity as at the end of the period 515 76 635 58 607 135 757 STATEMENT OF CHANGES IN EQUITY for the period of 3 months ended 30 June 2025 Share capital Supplementary capital Retained earnings Total equity Equity as at the beginning of the period 515 68 976 64 323 133 814 Transfer of financial results to equity - - - - Dividends paid - - - - Changes related to the settlement of the financial result - - - - Total transactions with owners - - - - Net profit (loss) - - 30 849 30 849 Total comprehensive income - - 30 849 30 849 Equity as at the end of the period 515 68 976 95 172 164 663 Wrocław, 28 August 2026 Mariusz Ciepły Urszula Jarzębowska Joanna Alwin President of the Management Board Member of the Management Board Financial Director Chief Accountant
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 16 16. Interim separate cash flow statement Specification For the period of 3 months ended 30 June 2026 For the period of 3 months ended 30 June 2025 Profit before tax 31 103 34 229 Total adjustments: 7 995 (35 682) Depreciation/amortization 7 203 6 385 Change in the balance of receivables (5 696) (42 447) Change in the balance of current liabilities, save for financial liabilities 10 102 231 Change in the balance of prepayments and accruals (3 157) 411 Change in the balance of assets and provisions for deferred income tax 245 826 Other adjustments (702) (1 088) Cash generated from operating activities 39 098 (1 453) Income tax paid (2 981) 1 230 Net cash flows from operating activity 36 117 (223) Expenditures on acquisition of intangible assets and property, plant and equipment (10 149) (8 209) Interest received - 74 Net cash flows from investing activity (10 149) (8 135) Interest payments (66) (20) Payment of liabilities arising from financial lease agreements (227) (288) Net cash flows from financing activity (293) (308) TOTAL NET CASH FLOWS 25 675 (8 666) BALANCE SHEET CHANGE IN CASH, OF WHICH: 25 675 (8 666) - change in the balance of cash arising from foreign exchange differences - - CASH AT THE BEGINNING OF THE PERIOD 57 153 64 763 CASH AT THE END OF THE PERIOD 82 828 56 097 Wrocław, 28 August 2026 Mariusz Ciepły Urszula Jarzębowska Joanna Alwin President of the Management Board Member of the Management Board Financial Director Chief Accountant
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 17 V. COMMENTARY ON THE RESULTS, BASIS FOR PREPARATION OF THE FINANCIAL STATEMENTS AND ACCOUNTING PRINCIPLES APPLIED These quarterly consolidated financial statements are presented in PLN thousands (Polish zlotys). These quarterly statements were prepared assuming that the Group companies will continue as going concerns in the foreseeable future. At the end of the first quarter of the financial year, MRR (monthly recurring revenue from subscription fees) – which, in the Management Board’s opinion, best reflects the Text Group’s underlying business growth – amounted to 7.46 million USD. This represents an increase of 7.6% year-on-year. At the same time, revenues not classified by the Company as recurring (e.g. payments based on a "per usage" model) were also growing. The growth rate depends on numerous external and internal factors, including the economic situation in key markets, the pace of corporate adoption of AI technologies, and competitors’ activities. Shifts in how individuals and organisations search for online content have had a significant adverse impact on the pace and methods of acquiring new customers. Conversely, ongoing product development could enable the Group to more effectively address the needs of enterprise-level clients. The Parent Company's business indicators are simultaneously affected by many factors, including the economic situation in key markets (particularly, the USA), product changes, marketing activities, competitors' activities, and many others. The most important reasons for customer churn, according to declarations, are business-related issues (such as company closure or a change in business profile) and a lack of chats. While pricing considerations and competitive alternatives are cited in cus tomer exit feedback, they play a secondary role. However, the PLN/USD exchange rate remains critical for the financial results presented in Polish zloty, given that the Company generates substantially all of its revenue in US dollars. The Company monitors this foreign exchange exposure on an ongoing basis; currently, the only risk management strategy employed is natural hedging, which involves incurring a portion of operating costs in USD. The Management Board of the Parent Company analyses, on an on-going basis, the financial situation of the Group and the economic situation within the scope which might affect the financial results of the Group. The above -mentioned analyses indicate that there is no significant operational risk that could threaten the Group’s ability to continue as a going concern A factor that may have a significant impact on the Group's business environment in the coming quarters may be the development of AI (artificial intelligence) technology. The Group is working to introduce further AI-based functionalities (including those using solutions from external suppliers) into its products. The Company aims to deliver maximum value to its clients, which is expected to drive continued growth and enhanced financial performance. However, rapid technological advancements in the market coul d pose material risks to the Group's competitive position if it fails to adapt effectively. Conversely, the successful implementation of AI -based solutions presents a significant opportunity to optimize operational efficiency. 1. Declaration of compliance and basis for preparation, effect of changes applied standards and interpretations. These interim condensed consolidated financial statements have been prepared in accordance with International Accounting Standard 34 Interim Financial Reporting, as adopted by the European Union (“IAS
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 18 34”). They do not contain all the information and disclosures required for annual financial statements and should be read in conjunction with the Consolidated Financial Statements of Text S.A. Capital Group for the year ended 31 March 2026. These interim consolidated financial statements prepared as at the balance sheet date have been prepared in accordance with the International Accounting Standards, the International Financial Reporting Standards and interpretations issued by the Internatio nal Accounting Standards Board approved by the European Union (hereinafter referred to as the “IFRS EU”). The IFRS EU comprise standards and interpretations accepted by the International Accounting Standards Board (IASB) and the International Financial Reporting Interpretations Committee (IFRIC), approved for application in the EU. When preparing the separate and consolidated financial statements as at the balance sheet date, the Parent Company adopted all new and approved standards and interpretations issued by the International Accounting Standards Board and the International Financial Reporting Interpretations Committee, which are applicable to its business and approved for use in the EU. Standards, interpretations, and amendments to published EU -approved standards that are effective for the first time in reports for annual periods beginning on or after 1 January 2026: – Amendments to IFRS 9 "Financial Instruments" and IFRS 7 "Financial Instruments: Disclosures" regarding Classification and Measurement of Financial Instruments – effective for annual reporting periods beginning on or after 1 January 2026; – Amendments to IFRS 9 "Financial Instruments" and IFRS 7 "Financial Instruments: Disclosures" regarding Contracts Referencing Nature -dependent Electricity – effective for annual reporting periods beginning on or after 1 January 2026; – Annual Improvements to IFRS Standards (Annual Improvements Volume 11) – effective for annual reporting periods beginning on or after 1 January 2026. New and amended standards effective for the first time in the financial year 2026 do not have a material impact on the consolidated financial statements of the Group. In preparing these consolidated financial statements, the Capital Group did not elect to early adopt any standard, interpretation, or amendment that has been published but has not yet entered into force. Listed below are the standards and amendments to standards issued by the International Accounting Standards Board that were not yet effective as at the date of authorization of these financial statements: – IFRS 18 "Presentation and Disclosure in Financial Statements" – effective for annual reporting periods beginning on or after 1 January 2027; the standard has been endorsed for use in the European Union; – IFRS 19 "Subsidiaries without Public Accountability: Disclosures" – effective for annual reporting periods beginning on or after 1 January 2027; as at the date of authorization of these financial statements, it remains in the process of endorsement by the European Union; – Amendments to IFRS 19 "Subsidiaries without Public Accountability: Disclosures" (published on 21 August 2025) – effective for annual reporting periods beginning on or after 1 January 2027; as at the date of authorization of these financial statements, th ey remain in the process of endorsement by the European Union; – IFRS 20 "Regulatory Assets and Regulatory Liabilities" (published on 27 May 2026) – effective for annual reporting periods beginning on or after 1 January 2029; as at the date of authorization of these financial statements, it has not yet been endorsed by the European Union;
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 19 – Amendments to IAS 21 "The Effects of Changes in Foreign Exchange Rates" regarding Translation to a Hyperinflationary Presentation Currency, published on 13 November 2025 – effective for annual reporting periods beginning on or after 1 January 2027; as at the date of authorization of these financial statements, they remain in the process of endorsement by the European Union; – Amendments to IAS 28 "Investments in Associates and Joint Ventures" regarding Fair Value Option, published on 26 June 2026 – effective for annual reporting periods beginning on or after 1 January 2027; as at the date of authorization of these financial statements, they remain in the process of endorsement by the European Union. IFRS 14 "Regulatory Deferral Accounts" has not been endorsed for use in the European Union. The European Commission decided not to launch the endorsement process for this interim standard, awaiting the final standard on rate-regulated activities. Effective dates are those resulting from the text of the standards issued by the International Accounting Standards Board. Application dates of the standards in the European Union may differ from the dates resulting from the text of the standards and are a nnounced at the time of their endorsement for use by the European Union. According to preliminary estimates by the Parent Company, early adoption of the above standards and amendments to standards would not have a material impact on the consolidated financial statements of the Group. 2. Description of the adopted accounting policies The accounting policies applied to preparation of these consolidated financial statements are coherent with the policies used for preparation of the annual consolidated financial statements for the financial year ended 31 March 2026. The statements were prepared according to the principle of historical cost. Presentation of financial statements The financial statements are presented in accordance with IAS 1. The “Consolidated statement of comprehensive income” is presented in the multiple -step format, whereas the “Consolidated cash flow statement” is presented using an indirect method. In case of retrospective introduction of amendments to accounting policies or error adjustments, the Company presents the statement of financial position additionally prepared for the beginning of the reference period. Consolidation The consolidated financial statements comprise the financial statements of the Parent Company and the financial statements of the company controlled by the Parent Company, i.e. the subsidiary, prepared as at the 31 March 2026. The Parent Company is evaluating whether it exercises control in accordance with the definition of “control” set out in IFRS 10. In accordance with the definition, an investor controls an investee when the investor is exposed, or has rights, to variable returns from its involvement wi th the investee and has the ability to affect those returns through its power over the investee. The financial statements of the Parent Company and the subsidiary covered by the consolidated financial statements are prepared as at the same balance sheet date. Where it is necessary, adjustments are made to the financial statements of the subsidiary in order to standardize the accounting policies used by the company to adapt to the policies used by the Capital Group.
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 20 The subsidiary is covered by consolidation using the full consolidation method. The full consolidation method consists in combining financial statements of the Parent Company and its subsidiary by way of aggregating full values of particular groups of assets, liabilities, equity, revenues and costs. In order to present the Capital Group as if it were a single business entity, the following intercompany eliminations are made: • As at the moment of acquiring control the company’s goodwill or profit are recognized, • Non-controlling interests are determined and presented separately, • Balances of settlements between Group companies and transactions (revenues, costs, dividends) are eliminated in full, • Gains and losses on intragroup transactions recognized at the carrying value of such assets as inventory and fixed tangible assets are subject to elimination. Losses on intragroup transactions are analysed in terms of asset impairment from the Group’s perspective, • The deferred tax due to temporary differences resulting from eliminating profits and losses on intragroup transactions is recognized. Foreign currency transactions The Financial statements are presented in Polish zloty (PLN) which is the Parent Company’s functional currency. Transactions expressed in currencies other than Polish zloty are converted to Polish zloty at the rate applicable at the date of the transaction (spot exchange rate). As at the balance sheet date, financial items in foreign currencies are translated into Polish zloty at the closing exchange rate at the end of the reporting period, that is the average exchange rate fixed for a particular foreign currency by the National Bank of Poland. Non-monetary items are measured in terms of historical cost in a foreign currency and shown at the historical cost value on the transaction day. Non-monetary balance sheet items recorded at their fair value, expressed in a foreign currency, are measured at the exchange rate as at the date of fair value determination, i.e. the average exchange rate determined for a particular currency by the National Bank of Poland. Intangible assets Intangible assets cover patents and licenses, software, research and development costs and other intangible assets that meet the criteria specified in IAS 38. The Group does not have any intangible assets with an unlimited period of use. Intangible assets as at the balance sheet date are carried at their cost less any accumulated depreciation and any accumulated impairment losses. Intangible assets with finite useful life are amortized using straight-line method over the period of their useful economic life. The useful lives of specific intangible assets are reviewed annually and, if necessary , adjusted effective from the beginning of the following financial year.
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 21 The annual amortization rates for costs of completed research and development are as follows: − 20% for LiveChat, HelpDesk, and TextApp solutions; − 30% for ChatBot and KnowledgeBase solutions. The period was determined on the basis of duration of projects as part of which qualifying expenditures are incurred. Measurement of research and development is the aggregate net value of invoices issued by software developers dedicated to specific solutions (products). Costs connected with software maintenance, incurred in future periods, are recognized as period costs at the time they are incurred. Research and development costs are recognized in the income statement at the moment they are incurred. Expenditures directly connected with research and development are capitalised only if the criteria below are met: – Completion of an intangible asset is feasible from the technical point of view so that it can be intended for use or sale, – The Group intends to complete an asset and use or sell it, – The Group is capable of using or selling the intangible asset, – The intangible asset will bring economic benefits, and the Group can prove such benefits, for example by – the existence of such an item in the market or its usability for the Group needs, – The Group is provided with technical, financial or other sources necessary for completing research and development works with a view to selling or using the intangible asset, – Expenditures incurred in the course of research and development may be reliably measured and allocated to a particular intangible asset. Expenditures on research and development performed as part of a particular project are carried forward to the following period if they may be expected to be recovered in the future. Future benefits are assessed based on the policies set forth in IAS 36. After initial recognition of expenditures on research and development, the historical cost method is applied, in accordance with which assets are carried at their cost less any accumulated depreciation and any accumulated impairment losses. Completed research and development is amortized using a straight- line method over the foreseen period of their economic useful life, which on average is 3 years. Gains and losses arising from disposal of intangible assets are determined as the difference between net proceeds from sale and the carrying value of the intangible asset being disposed of. Such gains and losses are recognized in the financial result as other revenues or operating costs at the time the acquirer takes over control over the intangible asset in accordance with the requirements of IFRS 15. The amount of remuneration in the intang ible asset disposal transaction is determined in accordance with the requirements of IFRS 15 relating to transaction price. Property, plant and equipment Property, plant, and equipment are initially recognized at acquisition or production cost. The acquisition cost includes all expenses directly attributable to the purchase and preparation of the asset for its intended use.
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 22 After initial recognition of property, plant and equipment, excluding land, it is then presented at its acquisition cost or manufacture cost less depreciation and impairment losses. Property, plant and equipment in progress is not depreciated until the con struction or assembly is finished and the asset is put into operation. Assets are depreciated using the straight -line method for the estimated period of use of a particular asset. The annual depreciation rates applied by the Company are as follows: − computers – 30%; − adaptation of office space – 50%. Depreciation starts in a month following the month in which the fixed tangible asset becomes ready for use. Economic useful lives and depreciation methods are verified once a year, resulting in an adjustment, if any, of depreciation charges in the following years. Fixed tangible assets are divided into elements being items of a significant value, to which a separate useful life period can be assigned. A fixed tangible asset element can also be the cost of a major inspection as well as significant spare parts and equ ipment, if they are used over a period longer than one year. Current costs incurred after a fixed tangible asset commissioning, such as maintenance and repair costs, are recognized in the income statement on the day they are incurred. A particular item of property, plant and equipment may be removed from the statement of financial position after disposal or if no economic benefits are expected from further using of such asset. Gains or losses on sale, liquidation or cessation of use of fixed tangible assets are determined as the difference between revenues from sales and the net value of such fixed tangible assets. Such gains and losses are recognized in the result as other revenues or operating costs at the time the acquirer takes over control over an item of plant, property and equipment in accordance with the IFRS requirements. The amount of remuneration in the plant, property and equipment disposal transaction is determined in accordance with the requirements of IFRS 15 relating to transfer pricing. Financial instruments A financial instrument is any contract that gives rise to a financial asset of one party and a financial liability or equity instrument of another party. A financial asset or financial liability is recognized in the statement of financial position when the Group becomes a party to such instrument. Standardized transactions of purchase and sale of financial assets and liabilities are recognized as at the date of the transaction. A financial asset is excluded from the financial statements when the rights to cash flows from the financial asset expire or when the financial asset and basically the risk and benefits resulting from this asset are transferred onto another entity. The Group derecognizes a financial liability from its statement of financial position only when it ceases to exist, that means when the obligation specified in the contract was discharged, expired or cancelled. As at the acquisition date, the Group measures financial assets and liabilities at their fair value, i.e. usually at the fair value of payment made – in the case of an asset – or received – in the case of a liability. The Group includes the transaction costs in the initial value of all the financial assets and liabilities, except for
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 23 assets and liabilities measured at their fair value through the consolidated statement of comprehensive income. As at the balance sheet date, financial assets or liabilities are measured according to the principles shown below: Financial assets According to IFRS 9, the Group classifies financial assets into the following categories: – measured at amortized cost (applies to instruments which, in case of a pre-mature payment cause that an entity gets a smaller payment than the sum of the principal amount and interest (so-called negative compensation), – measured at the fair value through other comprehensive income, – measured at the fair value through the financial result. The classification is made at the moment of the initial recognition of an asset. The classification of financial assets depends on a business model of financial asset management and on the characteristics of contractual cash flows (SPPI test) for a particular financial asset. In the category of assets measured at amortised cost, the Group classifies accounts receivable, granted loans that successfully passed the SPPI test, other receivables, deposits, cash and cash equivalents. Financial assets measured at amortised cost are measured at the amount of amortised cost using the effective interest rate method and taking into account any impairment losses. Accounts receivable with the maturity below 12 months from the date they arise (i.e. exclusive of a financing element ) not transferred for factoring are not subject to discounting and are measured at the nominal value. In the category of assets measured at the fair value through other comprehensive income, the Group classifies a financial asset upon fulfilment of the following conditions: − it is maintained in a business model the purpose of which is to obtain contractual cash flows due to financial assets held or due to sale of financial assets, − contractual conditions give the right to obtain on defined dates cash flows consisting only of the capital and interest on capital (i.e. successfully passed the SPPI test). The effects of changes of the fair value are recognized in other comprehensive income until the asset is no longer recognized in the statement of financial position, when the accumulated profit/loss is recognized in the statement of result. In the category of assets measured at the fair value through the financial result, the Group classifies all financial instruments that have not been classified as measured at the amortised cost or measured at the fair value through other comprehensive income. Gains and losses on a financial asset classified as measured at the fair value through the financial result are recognized in the financial result of the period in which they were generated (including revenues from interest and dividends). IFRS 9 introduced an approach to loss assessment with respect to financial assets measured at amortised cost. This approach is based on determining the expected losses, irrespectively of whether there were
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 24 signs for impairment loss or not. Due to the specificity of the activities run (sales to counterparties with a low credit risk, the lack of impairment losses on financial assets determined on the basis of assessment made in the past, no historically signif icant unfulfilled liabilities, cooperation with financial institutions with a stable rating), the Group has not recognized in its consolidated statements any impairment losses on the grounds of expected losses, as it finds them insignificant. The Group does not apply hedge accounting, therefore the IFRS 9 standard does not apply here. Financial liabilities Financial liabilities other than hedging derivatives are presented in the following balance sheet items: • Accounts payable and other liabilities. After initial recognition, financial liabilities are measured at amortised cost by applying the effective interest method, save for held-for-trading financial liabilities or financial liabilities measured at their fair value through profit or loss. In the category of financial liabilities measured at their fair value through profit or loss, the Group recognises derivative instruments other than hedging instruments. Current accounts payable are measured at the amount due on account of insignificant discount effects. Gains and losses on measurement of financial liabilities are recognized in profit or loss on financing activity. Cash and cash equivalents Cash and cash equivalents cover cash on hand and in bank accounts, as well as current investments of high liquidity, easily exchangeable for cash, with low risk of changing value. Equity The share capital is presented at the nominal value of issued shares in accordance with the Articles of Association of the Parent Company and the entry in the National Court Register. The Parent Company’s shares which were purchased and retained by the Parent Company or consolidated subsidiaries reduce equity. Treasury shares are measured at cost. The capital from the sale of shares above their nominal value is created from the surplus of the issue price above the share nominal value decreased by the issuance cost. The other capitals comprise earnings retained by the Company. Provisions, liabilities and contingent assets Provisions are recognized when the Group has a present obligation (legal or constructive) as a result of past events, and it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. Date of incurring as well as the amount of the obligation may be uncertain. Provisions are not recognized for future operating losses. Provisions are recognized at the estimate of the expenditure required to settle the present obligation, based on the most reliable evidence available as at the date of preparation of the consolidated financial
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 25 statements, including evidence concerning risks and uncertainties. In case money impact in time is significant, the provision amount is determined by discounting the prospected future cash flows to the current value using a discount rate reflecting current market assessments of money value in time and the possible risk related to a particular obligation. If the discounting method is applied, the increase in the provision connected with the passing of time is recognized as financial cost. If the Group expects the costs covered by the provision to be reimbursed, e.g. under an insurance contract, the reimbursement is recognized as a separate asset, but only when it is reasonably certain that the reimbursement will be received. However, the value of the asset may not exceed the amount of the provision. In case outflow of resources for settling the present obligation is not possible, the contingent liability is not recognized in the balance sheet, except for contingent liabilities identified in the process of business combination according to IFRS 3. The Parent Company created, before the correction of errors, in particular provisions for servers’ maintenance costs due to sales completed. Currently, due to the change in the recognition of net revenues from the sale of services, provisions for server maintenance costs are not created. Leasing IFRS 16 defines rules of recognizing certain leasing items in terms of measurement, presentation, and disclosure of information. According to IFRS 16, all contracts complying with the definition of leasing, or contracts that include leasing, are presented according to the model that has been applied to financial leasing contracts so far. Such contracts constitute a lease and have been recognized in accordance with a uniform model of lessee accounting, which entailed recognising assets due to the right of use of buildings and liabilities thereto, which reflect the obligation to make lease payments. The Group owns a single agreement, which according to IFRS 16, meets the criteria of a lease – being a contract for the lease of the office and the registered office of the Parent Company. Revenues from sales IFRS 15 “Revenue from contracts with customers” was published by the IFRS Board on 28 May 2014 and applies to annual periods commencing on or after 1 January 2018. In accordance with IFRS 15, revenues from sales of services, less value added tax, discounts and rebates are, recognized when the obligation to perform is fulfilled by providing the counterparty with a service. Revenues include received or due inflows of economic benefits to which the Group is entitled. Receivables from sales are amounts due or received for sales of assets and services, less applicable value added tax. The amount of revenues is determined at the fair value of payment received or due, taking into account any commercial discounts granted by the Group. Revenues from sales of services are recognized in the period in which the services were provided. The Group’s business is mostly based on retail sales to the end client (natural or legal person). When a service purchase agreement is entered into, specified goods are immediately transferred via online distribution channels at the time payment is received by the financial intermediary (payment aggregator). In the course of ongoing business of the Group, agreements are continuously entered into with end
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 26 clients with the use of agreements signed remotely (i.e. acceptance of the terms of service and payment on terms and conditions defined by the Group). According to the standard, variable amounts are not treated as revenues, unless there is a strong likelihood, that in the future they will be reversed as a result of revaluation. Recognition and revaluation in the standard are also applied to recognition and measurement of profit/loss on sale of non -financial assets, if such sale is not made in the regular course of the economic activities run. The Group presents the recognized revenues from contracts with customers divided into categories, which reflect the way economic factors affect the nature, amount, payment date and uncertainty of revenues and cash flows. Revenues from sales are exclusively revenues generated by contracts concluded with customers which are subject to IFRS 15. The way of treating revenues from sales in the consolidated financial statements of the Group, including the value as well as the moment of recognising the revenues, is defined by a five- stage model consisting of the following steps: 1. Identification of a contract with a customer – The Group recognizes a contract with a customer only if all of the following criteria are met: the parties have entered into a contract (in writing or electronically) and are obligated to perform their obligations; the Group can identify the rights of each party regarding the services to be transferred; the Group can identify the terms of payment for the services to be transferred; the contract has economic substance (i.e., the risk, timing, or amount of the Group's future cash flows can be expected to change as a result of the agreement); and it is likely that the Group will receive the consideration to which it is entitled in exchange for the services to be transferred to the customer. 2. Identification of performance obligations – At the time of entering into a contract, the Group evaluates the services promised and identifies as a performance obligation any promise to transfer to the customer a service (or bundle of services) that can be distinguished, or a group of separate services that are substantially the same and transferred in the same manner. A service is considered separable if it meets both of the following conditions: the customer can benefit from the service either directly or through a link to other readily available resources; and the Group's obligation to transfer the service is separable from other obligations in the contract. 3. Determination of transaction price – To determine the transaction price, the Group considers the terms of the contract and its customary business practices. The transaction price is the amount of remuneration that the Group expects to receive in exchange for providing the promised services to the customer, excluding amounts collected on behalf of third parties. The remuneration specified in the contract with the customer may include fixed amounts, variable amounts, or both. 4. Assignment of transaction price to performance obligations – The Group assigns a transaction price to each performance obligation in an amount that reflects the consideration the Group expects to receive for providing the promised services to the customer. 5. Revenue recognition during or after fulfilment of performance obligations – The Group recognizes revenue at the time of fulfilment, or during the process of fulfilment, of a performance obligation by transferring the promised service to the customer
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 27 After considering revenue adjustments in accordance with IFRS 15, almost 95% of the consolidated sales revenues of the Group are generated by its subsidiary – Text Inc. Revenues include 1- and 12-month or longer licenses. Revenue is recognized in the period in which the service is provided – from the moment the contract is concluded until the license expires. Following IFRS 15, revenue deferred to subsequent periods is currently presented in the consolidated financial state ments as a contractual liability that is settled when the service is provided. The settled contract obligation increases net revenues from the sale of services. In accordance with the general terms and conditions of Text Inc., the company is entitled to make changes such as adding, removing, or modifying individual functionalities, and even discontinuing the provision of services, in particular when it is related to the need for their modification or further development. However, the service provider is not obliged to make such changes or updates. The support provided by the Company in no way relates to the infrastructure, equipment, or Internet access on the part of customers. Interest and dividends Interest revenues are recognized progressively as they accrue in accordance with the effective interest rate method. Dividends are recognized when the shareholder's right to receive payment is established. Operating costs Operating costs are recognized in the income statement using the matching principle. In its consolidated financial statements, the Group presents costs according to the respective cost centers. Income tax (incl. deferred tax) The tax charged to the financial result comprises current tax and deferred tax, which was not recognized in other comprehensive income or directly in equity. Current tax expense is calculated based on taxable income (taxable basis) for a given financial year. Taxable profit (loss) differs from the gross profit (loss) presented in the books due to a temporary transfer of taxable revenues and costs being the cost of obtained revenues to other periods and due to excluding revenue and cost items which will never be subject to taxation. Tax charges are computed based on tax rates in force in a given tax year. The Parent Company as a company that runs research and development activities gets its revenues from qualifying intellectual property rights and uses the preferential tax rate. The Company as of 22 October 2019 was granted an individual interpretation of t ax law regulations concerning corporate income tax and issues related to preferential tax rates applied to income generated by intellectual property rights. In order to be eligible for the IP Box tax relief, the Company: • divides the taxable income into income from qualifying intellectual property rights and from other sources, • calculates the nexus ratio for income from qualifying intellectual property rights according to the rules defined in the Corporate Income Tax Act, • the nexus ratio is used for computing the amount of tax for each income source. Deferred income tax is calculated by applying the balance sheet method as tax payable or refundable in the future on differences between the carrying values of assets, liabilities and shareholders’ equity and the corresponding tax values used for calculation of the taxable basis.
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 28 Deferred income tax liability is recognized on all positive taxable temporary differences and deferred income tax assets are recognized up to the amount in which it is probable that future tax gains may be reduced by recognized negative temporary differenc es. Neither an asset nor provision is recognized if the temporary difference results from the initial recognition of assets or liabilities in a transaction which is not a business combination and which at the time of its occurrence does not have an impact either on the taxable or accounting result. Deferred income tax liabilities are not recognized for goodwill which is not subject to amortisation under the provisions of tax law. Deferred income tax is calculated with the use of tax rates which will be applicable when the asset is recovered or the liability is settled, based on legal provisions applicable as at the balance sheet date. The value of deferred income tax assets is analysed as at each balance sheet date, and in case the prospected taxable profits will not be sufficient to realise the asset or its part, a relevant impairment loss is recognized. Subjective judgement made by the Management Board and uncertainty of assessments While preparing the consolidated financial statements, the Management Board of the Parent Company follows judgement when making estimates and assumptions that affect the applied methods and the presented amounts of assets, liabilities, equity, revenues and costs. The actual results may differ from the estimates of the Management Board. Information on the estimates and assumptions which are significant for the consolidated financial statements is presented below. Judgments connected with research and development The Group begins capitalising expenditures on research and development when it is possible to demonstrate that such works will constitute probable future economic benefits and provided that the Group has sufficient funds required for completion, use and derivation of benefits from an intangible asset. Fulfilment of both criteria, i.e. possibility to derive future economic benefits and having sufficient funds, is based on judgment of the Management Board arising from an analysis of the market and the Group’s financial situation. Recognising revenues from contracts with customers The Company recognises revenues using the so -called five -step model provided for in IFRS 15. The revenues comprise only the amounts received or due that are equal to transaction prices the Company is entitled to after meeting (or when meeting) the obligati on to render services, namely, to transfer the promised goods or services (that is an asset) to the customer. Revenue includes 1-, 12-month, and 36- month licenses. After the expiry of the free trial period in which the customer can learn about the product's functionalities, the fee for the subsequent periods is charged in advance. All income is recognized as it is earned (at a point in time). The company is entitled to introduce changes such as adding, removing, or modifying certain functionalities, and even cessation of services, in particular in a situation where it is related to the need to modify or further develop them. However, the service provider is not obliged to make such changes or updates. The transaction price means the amount, to which, as the Company expects, the Company will be entitled to for transferring the promised goods or services, less VAT. Periods of economic useful life of non-current assets The Management Board of the Parent Company verifies annually (as at the balance sheet date) periods of economic useful life of non -current assets subject to amortisation. As at 30 June 2026, the
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 29 Management Board estimates that the economic useful life periods accepted by the Group for amortisation purposes reflect the expected periods of receiving economic benefits from those assets in the future. However, the actual periods of receiving benefits from those assets in the future may differ from the assumed ones, also due to technical ageing of the assets. Provisions Provisions are recognized when the Group has an existing obligation (legal or customary) arising from past events. Also, when it is certain or highly probable that an outflow of resources reflecting economic benefits will be required to meet the obligation , and when a reliable estimate of the amount of the obligation can be made. The amount of created provisions is reviewed and updated at the end of the reporting period to adjust the estimates to those consistent with the Group's state of knowledge at that date. Deferred income tax assets Probability of settling deferred income tax assets with future taxable profits is based on the budget of the Group companies approved by the Management Board of the Parent Company. If the projected financial results show that the Group companies will generate taxable income, deferred income tax assets are recognized in full amount. Impairment loss on non-financial assets In order to determine the useful value, the Management Board assesses the projected cash flows and the rate at which the cash flows are discounted to the current value. In the process of measuring the current value of future cash flows, the projected financial results are assumed. The assumptions refer to future events and circumstances. The actually realized values may differ from the estimated ones, which in the following reporting periods may cause adjustments in the value of the assets of the Group. Expected credit losses on financial assets Losses relating to financial assets measured at amortised cost are assessed by determining the expected losses, independently of whether there were circumstances for impairment loss or not. Owing to the nature of the activities run (sales to customers with low credit risk, the lack of impairment losses on financial assets determined on the basis of assessments made in the past, no historical unfulfilled liabilities, cooperation with financial institutions that have a stable rating), the Group has not recognized any impairment losses in its consolidated statements on the basis of expected losses because it found them insignificant.
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 30 VI. ADDITIONAL NOTES AND EXPLANATIONS 1. Changes in the presentation and classification of the financial statement items There were no changes in the presentation or classification of financial statement items during the reporting period. 2. Explanatory notes to the statement of financial position Note 1 Property, plant and equipment Property, plant and equipment As at As at 30 June 2026 31 March 2026 Buildings and structures 4 579 4 131 Technical equipment and machinery 1 433 1 337 TOTAL PROPERTY, PLANT AND EQUIPMENT 6 012 5 468 The most important element of items other than buildings and structures is computer equipment. Buildings and structures are related to expenditures incurred at the registered office of the Parent Company in accordance with IFRS 16. As at 30 June 2026, there were no significant liabilities due to the purchase of fixed tangible assets. Property, plant and equipment in the reporting period from 1 April 2026 to 30 June 2026 Buildings and structures Technical equipment and machinery Total property, plant and equipment Gross balance sheet as at 1 April 2026 5 759 4 704 10 463 Direct acquisitions - 264 264 Additions from improvements to property, plant and equipment 706 - 706 Decreases resulting from sale - - - Decreases resulting from liquidation - 225 225 Gross balance sheet as at 30 June 2026 6 465 4 743 11 208 Accumulated depreciation as at 1 April 2026 1 628 3 367 4 995 Increase of depreciation for the period 258 168 426 Decreases resulting from sale - - - Decreases resulting from liquidation - 225 225 Accumulated depreciation as at 30 June 2026 1 886 3 310 5 196 Impairment losses as at 1 April 2026 - - - Impairment losses as at 30 June 2026 - - - Balance sheet as at 30 June 2026 4 579 1 433 6 012 Property, plant and equipment for the period from 1 April 2025 to 31 March 2026 Buildings and structures Technical equipment and machinery Total property, plant and equipment Gross balance sheet value as at 1 April 2025 5 616 4 991 10 607 Direct acquisitions 14 856 870 Increases due to differences in new lease agreement (IFRS 16) 129 - 129 Decreases resulting from sale - - - Decreases resulting from liquidation - 1 143 1 143 Gross balance sheet value as at 31 March 2026 5 759 4 704 10 463 Accumulated depreciation as at 1 April 2025 552 3 749 4 301 Increase of depreciation for the period 1 075 754 1 829 Decreases resulting from sale - 1 136 1 136 Decreases resulting from liquidation - - - Accumulated depreciation as at 31 March 2026 1 628 3 367 4 995 Impairment losses as at 1 April 2025 - - - Impairment losses as at 31 March 2026 - - - Balance sheet as at 31 March 2026 4 131 1 337 5 468
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 31 The Group implemented IFRS 16 Leasing on 1 April 2019. As a result of application of the standard as at 1 April 2019, assets in the form of the right to use office space were recognized in the consolidated statement of financial position. These assets are disclosed in the consolidated statement of financial position under Property, plant and equipment, buildings and structures. As of 31 March 2025, the office lease agreement concluded by the Parent Company was converted into an agreement for an indefinite period. The Management Board estimates that this agreement will remain in force for approximately 60 months from 31 March 2025 . In connection with this change, a right -of- use asset in the amount of (PLN thousand) 5,006 was recognized. At the same time, the previously recognized asset related to the lease of the same office space, in the amount of (PLN thousand) 4,756 (gross value and accumulated depreciation, resulting in a net value of zero), was derecognized. The value of the machinery and equipment purchased in the current period amounted to PLN 264,000 and additions from improvements amounted to PLN 706,000. As at 30 June 2026, there were no significant liabilities due to the purchase of fixed tangible assets. Note 2 Intangible assets Intangible assets As at 30 June 2026 31 March 2026 Research and development costs 78 846 77 294 Other intangible assets, including intangible assets in progress 6 317 5 468 TOTAL INTANGIBLE ASSETS 85 163 82 762 The table below presents the main items of research and development related to the applications. Costs of research and development, including costs related to the following applications: As at 30 June 2026 31 March 2026 LiveChat 40 635 44 566 ChatBot 1 445 1 796 HelpDesk 3 555 3 881 Text.com 5 226 5 424 KnowledgeBase 331 425 Text App 27 653 21 200 TOTAL 78 846 77 294 Intangible assets for the period from 1 April 2026 to 30 June 2026 Research and development costs Intangible assets under development Total intangible assets Gross balance sheet at 1 April 2026 156 155 5 468 161 623 Additions - 9 178 9 178 Reclassifications 8 329 (8 329) - Disposals - - -
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 32 Gross balance sheet at 30 June 2026 164 484 6 317 170 801 Accumulated amortization at 1 April 2026 78 861 - 78 861 Amortization charge for the period: 6 777 - 6 777 - Increases 6 777 - 6 777 - Decreases - - - - Disposals - - - Accumulated amortization at 30 June 2026 85 638 - 85 638 Accumulated impairment losses at 1 April 2026 - - - Accumulated impairment losses at 30 June 2026 - - - Balance sheet at 30 June 2026 78 846 6 317 85 163 Intangible assets for the period from 1 April 2025 to 31 March 2026 Research and development costs Intangible assets under development Total intangible assets Gross balance sheet at 1 April 2025 155 001 4 942 159 943 Additions - 31 566 31 566 Reclassifications 31 040 (31 040) - Disposals (29 886) - (29 886) Gross balance sheet at 31 March 2026 156 155 5 468 161 623 Accumulated amortization at 1 April 2025 83 380 - 83 380 Amortization charge for the period: (4 519) - (4 519) - Increases 24 567 - 24 567 - Decreases - - - - Disposals (29 086) - (29 086) Accumulated amortization at 31 March 2026 78 861 - 78 861 Accumulated impairment losses at 1 April 2025 - - - Accumulated impairment losses at 31 March 2026 - - - Balance sheet at 31 March 2026 77 294 5 468 82 762 The value of expenditure on intangible assets as at 30 June 2026 amounted to (PLN thousand) 9,178 compared to (PLN thousand) 31,566 as at 31 March 2026. A significant component of intangible assets consists of development costs related to ongoing projects for subsequent versions of the Group’s products, amounting to (PLN thousand) 6,317 as at 30 June 2026 compared with (PLN thousand) 5,468 as at 31 March 2026. Costs of non -completed research and development relate to products put into service (i.e. LiveChat, ChatBot, HelpDesk, Text.com, and KnowledgeBase) and thus released for production. Such costs only include direct expenditures on services connected with the development of applications such as
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 33 programming and testing services. All development expenditures incurred in the period of approx. 2 months are then accepted for production (made available to customers). LiveChat, ChatBot, and HelpDesk products account for nearly 100% of the Group's net sales revenue and, therefore, constitute complete cash-generating centers. The Parent Company tests incurred development expenditures for impairment at least annually, in accordance with the requirements of IAS 36. As at 31 March 2026, an impairment test was performed covering the costs of both completed and in - progress development works. The test was conducted using an approach based on future cash flow projections, taking into account various scenarios and operational assumptions. The test also included expenditures related to the development of the Text App product, which as at the reporting date did not yet generate sales revenue and was in the commercialisation phase. In respect of this product, the recoverable amount was determi ned as the value in use, established using the discounted cash flow method based on a detailed financial projection. The test performed demonstrated a significant headroom of the recoverable amount over the carrying amount of the analysed assets, including assets related to the Text App product. Consequently, no impairment loss was required to be recognised for development costs. The assumptions adopted are conservative and include, in particular, the level and growth rate of revenue, the pace of customer base expansion, the level of operating and capital expenditures, the discount rate, and the long-term growth rate. Taking into account the level of headroom and the nature of the assumptions adopted, the Management Board assesses that the test result is not significantly sensitive to reasonably possible changes in the key parameters of the model. Furthermore, the costs of in-progress development works are capitalised and made available to users within a relatively short period, which mitigates the risk of their permanent impairment. As at the date of authorisation of these financial statements for issue, there were no indicators requiring the Group to update the impairment test. The next impairment test for incurred development expenditures will be performed as at 31 March 2027. Intangible assets are not pledged as security in any of the presented periods. The Group does not hold any intangible assets classified as held for sale. Note 3 Non-current receivables As at 30 June 2026, non-current receivables amounted to PLN 160,000 and primarily related to deposits paid (31 March 2026: PLN 160,000). No impairment losses on non-current receivables were recognized in the comparative period. Note 4 Prepayments and accruals Non-current prepayments As at 30 June 2026 31 March 2026 Non-current prepayments 45 48 TOTAL NON-CURRENT PREPAYMENTS 45 48 Current prepayments relate to expenses that are recognized over time.
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 34 Current prepayments As at 30 June 2026 31 March 2026 Annual fees (domains, licenses) 2 004 1 869 Other 48 116 TOTAL CURRENT PREPAYMENTS 2 052 1 985 Note 5 Accounts receivable and other receivables The majority of accounts receivable concerns current receivables from payment agents and transfer of payments collected from customers. The other accounts receivable mature at up to 30 days. Accounts receivable and other receivables are measured at the amount of the amortized cost using the effective exchange rate method and taking into account impairment losses on receivables. The book value of receivables is close to their fair value. Accounts receivable with maturity date of below 360 days following the date they occur are not subject to discounting. Receivables 30 June 2026 31 March 2026 Value Impairment losses Balance sheet value Value Impairment losses Balance sheet value Accounts receivable 1 831 - 1 831 2 053 - 2 053 CIT receivables 24 833 - 24 833 23 275 - 23 275 VAT receivables 17 633 - 17 633 12 112 - 12 112 Other receivables 224 - 224 342 - 342 TOTAL RECEIVABLES: 44 521 - 44 521 37 782 - 37 782 As at 30 June 2026 the Group had no overdue receivables. As at the date of preparation of this report, the Parent Company expects a corporate income tax (CIT) refund of PLN 23.8 million and a value added tax (VAT) refund of PLN 15 million. Due to verification proceedings conducted by the competent tax authority, the expected timing of these refunds is September 2026. Note 6 Cash and cash equivalents Cash in bank bears interest according to a variable interest rate. The fair value of cash and cash equivalents equals their balance sheet value. Cash As at As at 30 June 2026 31 March 2026 Cash in bank 89 899 59 153 Other cash and cash equivalents 3 957 3 627 TOTAL CASH: 93 856 62 780 - including cash of limited availability - - Cash in foreign currencies is measured as at the balance sheet date according to the average currency exchange rate for a particular currency determined by the National Bank of Poland. Cash – monetary structure As at As at 30 June 2026 31 March 2026 Cash in PLN 74 207 53 911 Cash in USD 19 649 8 869 TOTAL CASH: 93 856 62 780
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 35 Note 7 Equity 7.1. Equity management The Group's goal in managing equity risk is to protect its ability to continue as a going concern, ensuring returns to shareholders and benefits to other stakeholders. The Group does not finance itself with debt capital. In accordance with the current dividend policy, as described in the Company's Prospectus, the Management Board of Text S.A. recommends that the General Meeting pay the maximum (legally possible) portion of profit for a given fiscal year in the form of dividends, unless investment opportunities arise that would provide the Parent Company and shareholders with a hig her rate of return than the payment of dividends. The Management Board, with the approval of the Supervisory Board, is authorized to decide on the payment of advances on expected dividends. 7.2. Share capital SHARE CAPITAL (STRUCTURE) – 30 June 2026 Name of series Type of shares Type of share preference Type of share right limits Number of shares (in thousand items) Nominal value of series / issue Payment method Date of registrat ion Right to dividend (since) A series Ordinary bearer shares None None 25 000 500 000 Cash contributi on 18 Decemb er 2013 In accordance with the Code of Commercial Companies and Partnerships B series Ordinary bearer shares None None 750 15 000 Cash contributi on 18 Decemb er 2013 In accordance with the Code of Commercial Companies and Partnerships Total number of shares (in thousand items) 25 750 Total share capital (PLN) 515 000 Nominal value of 1 share = PLN 0.02 SHARE CAPITAL (STRUCTURE) – 31 March 2026 Name of series Type of shares Type of share preference Type of share right limits Number of shares (in thousand items) Nominal value of series / issue Payment method Date of registratio n Right to dividend (since) A series Ordinary bearer shares None None 25 000 500 000 Cash contributi on 18 December 2013 In accordance with the Code of Commercial Companies and Partnerships B series Ordinary bearer shares None None 750 15 000 Cash contributi on 18 December 2013 In accordance with the Code of Commercial Companies and Partnerships Total number of shares (in thousand items) 25 750 Total share capital (PLN) 515 000 Nominal value of 1 share = PLN 0.02
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 36 Shareholders entitled to receive dividends are those who hold shares of Text Spółka Akcyjna in a securities account on the dividend record date. Dividends are payable to the Parent Company’s shareholders from the net profit presented in the financial statements of Text Spółka Akcyjna, in the amount determined by the Annual General Meetin g of Shareholders. Each ordinary share entitles its holder to one vote. A series shares: A series shares are shares issued in relation to the transformation of “LIVECHAT” Spółka z ograniczoną odpowiedzialnością, the legal predecessor of the Issuer, into Text Spółka Akcyjna. The transformation was adopted by the resolution of the General Meeting of Shareholders of “LIVECHAT” Spółka z ograniczoną odpowiedzialnością of 10 January 2007. The resolution was recorded b y Marek Leśniak, notary of Kancelaria Notarialna Leśniak i Kawecka -Pysz Spółka partnerska with its registered office in Wrocław, Roll of Deeds A No. 1324/2007. The transformation was registered by virtue of the order of the District Court for Wrocław-Fabryczna in Wrocław, 6th Commercial Division of the National Court Register of 16 October 2007. At the time of transformation the Issuer's share capital amounted to PLN 500,000 and was divided into 5,000,000 A series ordinary bearer’s shares with the nominal value of PLN 0.10 each. On 29 November 2013, the General Meeting of Shareholders of the Issuer adopted a resolution to change the Issuer's Articles of Association, including, among other things, a stock split, fixing the nominal share value at PLN 0.02 (two grosz). The resolution was recorded by Karolina Warczak - Mańdzia, notary of Kancelaria Notarialna dr Wisława Boć -Mazur i Karolina Warczak–Mańdziak spółka cywilna with its registered office in Wrocław, Roll of Deeds A No. 12380/2013. The shares were split in the proportion of 1:5 so that each individual share of the Issuer, including each individual A series share, was split into 5 shares. The change in the Issuer's Articles of Association covering a change in the share nominal value was registered by virtue of the order of the District Court for Wrocław -Fabryczna in Wrocław , 6th Commercial Division of the National Court Register, of 18 December 2013. As a result of the above - mentioned registration, A series shares comprise 25,000,000 ordinary bearer's shares with the nominal value of PLN 0.02 each. B series shares: On 26 April 2010, the General Meeting of Shareholders of the Issuer adopted a resolution to increase the Issuer's share capital by the amount of PLN 15,000 through B series bearer's shares waiving the preemptive right of the Company's current shareholders as well as to amend the Company's Articles of Association. By virtue of the said resolution the General Meeting of Shareholders decided to increase the share capital by PLN 15,000 by issuing 150,000 B series ordinary bearer's shares with the nominal value of PLN 0.10. The series B shares were subscribed for in full by Mariusz Ciepły and paid for by way of cash contribution in the amount of PLN 15,000. The issue price of series B shares was 0.10 PLN per share. On 29 November 2013, the General Meeting of Shareholders of the Issuer adopted a resolution to change the Issuer's Articles of Association, including, among other things, a stock split, fixing the nominal share value at PLN 0.02 (two grosz). The resolution was recorded by Karolina Warczak-Mańdziak, notary of Kancelaria Notarialna dr Wisława Boć-Mazur and Karolina Warczak–Mańdziak spółka cywilna with its registered office in Wrocław, Roll of Deeds A No. 12380/2013. The shares were split in the proportion
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 37 of 1:5 so that each individual share of the Issuer, including each individual B series share, was split into 5 shares. The change in the Issuer's Articles of Association covering a change in the share nominal value was registered by virtue of the order of the District Court for Wrocław -Fabryczna in Wrocław , 6th Commercial Division of the National Court Register, of 18 December 2013. As a result of the abovementioned registration, B series shares comprise 750,000 ordinary bearer's shares with the nominal value of PLN 0.02 each. Shareholder Share in the capital as at 31 March 2026 Share in the capital as at 30 June 2026 Share in the capital as at the date of preparation of the financial statements PTE Allianz Polska 9.43% 9.43% 9.43% Nationale-Nederlanden PTE 6.17% 6.17% 6.17% Shareholders’ Agreement, including over 5% of the capital: 41.27% 41.27% 41.27% Mariusz Ciepły 13.07% 13.07% 13.07% Jakub Sitarz 11.69% 11.69% 11.69% Maciej Jarzębowski 9.19% 9.19% 9.19% Others 43.13% 43.13% 43.13% TOTAL 100.00% 100.00% 100.00% 7.3. Supplementary capital The supplementary capital was created when the Company retained a part of its earnings from previous years. The Company made a distribution of the previous year's result according to Section 347(4) of the Commercial Companies and Partnerships Code. 7.4. Retained earnings Retained earnings comprise interim dividends paid, retained earnings from prior years, and the net profit (loss) for the current financial year. Undistributed result of previous years refers only to undistributed net result of previous years and does not contain any other economic events. In accordance with the recommendation of the Management Board, on 6 August 2026, the Annual General Meeting resolved to distribute the Company’s standalone net profit of 115,935,256.49 PLN for the 2025/2026 financial year as follows: – PLN 6,240,256.49 allocated to the Company’s supplementary capital; – PLN 109,695,000 allocated to the payment of dividends to shareholders, representing a dividend of PLN 4.26 per share. Taking into account interim dividend payments for the 2025/2026 financial year – namely: − the interim payment of PLN 29,612,500 made pursuant to the Resolution of the Management Board of 1 December 2025, and − the interim payment of PLN 25,235,000 made pursuant to the to the Resolution of the Management Board of 26 June 2026 (paid on 29 July 2026), the remaining dividend payable amounts to PLN 54,847,500.00, representing PLN 2.13 per share. A total of 25,750,000 shares of the Company are eligible for the dividend. The record date has been set for 8 October 2026, while the payment date has been set for 15 October 2026.
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 38 The Management Board of the Parent Company continues its adopted dividend policy, pursuant to which the highest possible portion of earned profit is allocated to shareholders, subject to the Group’s investment and expansion requirements and the potential t o achieve a rate of return exceeding the benefits of a dividend payout. In recommending the profit distribution, statutory limitations under the provisions of the Commercial Companies Code concerning profit distribution in the event of unamortised development costs recognised in assets, as referred to in Article 348 § 1 of the Commercial Companies Code, were taken into consideration. In the Management Board’s assessment, the conditions enabling the proposed profit allocation have been fulfilled. Note 8 Lease liabilities As at 1 April 2019, the Parent Company recognized for the first time the liability under the Agreement in accordance with IFRS 16 Leasing and recognized the asset in the form of the right to use the premises. As at 2 August 2017, the Parent Company and Zwycięska 45 sp. z o.o. sp. k. with its registered office in Świdnica entered into a lease agreement (hereinafter referred to as the “Agreement”) regarding real property with a building used as an office by the Parent Company. The Lease Agreement was entered into for a fixed term to 29 February 2020 and then extended by Annex No. 1 to the Agreement to 31 March 2020 and by Annex No. 2 to the Agreement to 31 March 2024. Annex No. 3 was concluded on 10 August 2023, where the previo us lease term was extended to 31 March 2025. As at 31 March 2025, the lease agreement was converted into an agreement for an indefinite period. The Management Board of the Parent Entity estimates that this agreement will remain in force for approximately 60 months. In connection with this change, a right -of-use asset in the amount of (PLN thousand) 5,006 and a corresponding liability were recognized. Note 9 Current liabilities Current liabilities as at 30 June 2026 – aging analysis Up to 1 month From 1 to 3 months From 3 months to 1 year Total Trade payables 15 298 - - 15 298 Other financial liabilities 81 163 737 981 Contract liabilities 18 944 17 793 39 217 75 955 Accruals and other liabilities 1 282 - - 1 282 Total 35 605 17 956 39 954 93 516 Current liabilities – currency analysis 30 June 2026 31 March 2026 in currency in PLN after conversion in currency in PLN after conversion PLN 89 884 89 884 77 358 77 358 USD 1 509 5 691 1 007 3 768 Total - 93 516 - 81 126 3. Notes to the statement of comprehensive income Note 10 Revenues from sales Below is a summary of net sales revenue including the impact of deferred income over time.
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 39 Type of net sales revenue [PLN thousands] For the period of 3 months ended 30 June 2026 For the period of 3 months ended 30 June 2025 Proceeds from the sale of products 93 368 83 120 Change in contract liabilities (10 172) 1 678 Net income from sales 83 196 84 798 Type of net sales revenue [USD thousands] For the period of 3 months ended 30 June 2026 For the period of 3 months ended 30 June 2025 Proceeds from the sale of products 24 011 21 723 Change in contract liabilities (1 401) 431 Net income from sales 22 610 22 154 The Group generates revenue from product lines that represent its main offerings and constitute its operating segments. Product sales revenue by product line For the period of 3 months ended 30 June 2026 For the period of 3 months ended 30 June 2025 LiveChat 69 286 72 192 ChatBot 7 268 6 807 HelpDesk 6 311 5 436 KnowledgeBase 332 363 TOTAL REVENUES FROM SALES 83 196 84 798 The Group generates approximately 95% of its consolidated revenue through its subsidiary in the US. This includes the sale of 1 -, 12 -month, or longer licenses for LiveChat products in the B2B segment. Sales are based on fixed prices. Other consolidated revenue is generated, among other things, from the lease of office space and the sale of non-financial fixed assets. Revenues from sales (geographical structure) For the period of 3 months ended 30 June 2026 For the period of 3 months ended 30 June 2025 Poland 1 198 1 221 Sales revenues in countries where the share of revenues exceeds 5%: 40 651 37 303 United States 24 595 25 270 United Kingdom 6 424 6 835 Indonesia 5 164 5 198 Cambodia 4 468 N/A Other* 41 347 46 274 TOTAL REVENUES FROM SALES 83 196 84 798 *Applies to revenue from the sale of products in countries where revenue does not exceed 5% of total net sales revenue, as well as to revenue that has not been assigned to any specific country due to a lack of information regarding the customer's headquarters.
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 40 In the comparative period covering 3 months ended 30 June 2025, sales revenue generated in Cambodia did not exceed 5% of total net sales revenue, and consequently was not presented as a separate item in the geographical revenue split. Revenue from the sale of products in Cambodia for that period amounted to (PLN thousand) 3,880. As a rule, sales are not recognized in the accounts until payment for license sales has been received, so there is no risk associated with deferred payment terms. Consequently, no estimates are required in the valuation of sales revenue. The right to return occurs rather rarely in a changed form. The unused part of the license can be changed; however, it cannot be given back. It is also not possible to return the used license part. Note 11 Costs of operating activity Costs by type For the period of 3 months ended 30 June 2026 For the period of 3 months ended 30 June 2025 Depreciation/amortization 7 203 6 385 Consumption of materials and energy 147 87 Third party services 41 117 38 513 Taxes and charges - 2 Costs of employee benefits 1 616 1 679 Other operating expenses 2 016 1 424 Foreign exchange differences relating to operating activity - 894 TOTAL COSTS BY TYPE 52 099 48 984 Cost of sales 25 273 26 354 Selling expenses 16 878 16 383 Administrative expenses 9 948 6 247 TOTAL OPERATING COSTS 52 099 48 984 Note 12 Other operating income and expenses Other operating income For the period of 3 months ended 30 June 2026 For the period of 3 months ended 30 June 2025 Reinvoices 374 61 TOTAL OTHER OPERATING INCOME 374 61 Other operating expenses For the period of 3 months ended 30 June 2026 For the period of 3 months ended 30 June 2025 Donations 102 622 Other 9 10 TOTAL OTHER OPERATING EXPENSES 111 632 Note 13 Finance income and costs Finance income For the period of 3 months ended 30 June 2026 For the period of 3 months ended 30 June 2025 Interest - 74 TOTAL FINANCE INCOME - 74
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 41 Finance costs For the period of 3 months ended 30 June 2026 For the period of 3 months ended 30 June 2025 Interest 66 20 Excess of negative foreign exchange - 893 TOTAL FINANCE COSTS 66 913 Note 14 Income tax and deferred tax Income tax reported in the statement of comprehensive income For the period of 3 months ended 30 June 2026 For the period of 3 months ended 30 June 2025 Current income tax 1 937 2 555 Relating to the financial year 1 937 2 555 Deferred income tax 246 825 Connected with origination and reversal of temporary differences 246 825 Tax charge reported in the consolidated statement of comprehensive income 2 183 3 380 Reconciliation of gross profit to taxable basis is presented below: Specification For the period of 3 months ended 30 June 2026 For the period of 3 months ended 30 June 2025 Profit (loss) before tax 31 294 34 404 Differences between profit (loss) before tax and the taxable basis 762 2 252 Taxable income 32 056 36 656 Income tax calculated on the basis of the rate applied (both current and deferred tax) 2 183 3 380 Current income tax calculated on the basis of the rate applied, of which: 1 937 2 555 – income tax at the rate of 5% (IP Box) 1 514 1 610 – income tax at the rate of 19% 423 945 Since the 2020/2021 financial year, the Parent Company has utilized the IP Box tax incentive. This relief allows for a preferential corporate income tax rate of 5% to be applied to income derived from qualified intellectual property (IP) rights, instead of the standard 19% rate. However, corporate income tax regulations are subject to frequent amendments, making it challenging to rely on established rules or legal precedents. Furthermore, the applicable provisions contain ambiguities that lead to divergent legal interpretations, both among various tax authorities and between tax authorities and taxpayers. Tax and other regulatory settlements may be subject to audits by authorities empowered to impose significant penalties, and any additional tax liabilities identified must be settled together with substantial interest. Consequently, the tax risk environment in Poland is elevated compared to jurisdictions with more mature tax systems. Tax settlements may be subject to examination for a period of five years. Accordingly, tax amounts recognized in the financial statements may be subsequently adjusted once definitively determined by the tax authorities.
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 42 The variance between the current income tax amount presented above and the total tax expense disclosed in the consolidated statement of comprehensive income is attributable to changes in the deferred tax balance. The structure of deferred income tax assets is presented below. Specification As at 30 June 2026 As at 31 March 2026 Leasehold improvements 13 16 Provisions for Management Board bonuses and audit fees 75 299 Foreign exchange losses on cash 2 11 Contract liabilities 4 602 4 603 Lease liabilities 9 9 Total 4 701 4 938 The structure of the deferred income tax liability is presented below. Specification As at 30 June 2026 As at 31 March 2026 Positive foreign exchange differences on cash 9 1 TOTAL 9 1 Deferred income tax assets and deferred income tax liability are measured with the use of tax rates which, according to available forecasts, will be applied at the time deferred income tax assets will be realized or deferred income tax liability will be reversed. The current part of the income tax for the period of 3 months ended 30 June 2026 and for the period of 3 months ended 30 June 2025 was determined with the use of the corporate income tax rate of 19% of the taxable basis in respect of income from other sources and the rate of 5% of the taxable basis in respect of income from qualifying intellectual property rights (so-called IP Box). The current deferred part of the income tax for the period of 3 months ended 30 June 2026 and for the period of 3 months ended 30 June 2025 was determined with the use of the expected corporate income tax rate of 5.96% and 9.27% respectively. 4. Explanatory notes to the cash flow statement Note 15 Change in current receivables The change in current receivables within operating activities for the period from 1 April 2025 to 30 June 2025 includes a reclassification of current VAT receivables (PLN 20 mln) to current corporate income tax (CIT) receivables. Note 16 Other adjustments Other adjustments reported in operating activities for the period from 1 April 2026 to 30 June 2026 amounted to (PLN thousand) 1,092. This amount comprised exclusively
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 43 changes in deferred tax assets and deferred tax liabilities, along with other technical adjustments Other adjustments reported in operating activities for the period from 1 April 2025 to 30 June 2025 amounted to (PLN thousand) 1,332. 5. Other explanatory notes Note 17 Financial Instruments Financial instruments by category As at 30 June 2026 As at 31 March 2026 Book value Fair value Book value Fair value Financial assets 95 911 95 911 65 175 65 175 Assets measured at the fair value through the financial result - - - - Assets measured at amortized cost, of which: 95 911 95 911 65 175 65 175 Own receivables 2 055 2 055 2 395 2 395 Cash 93 856 93 856 62 780 62 780 Assets measured at the fair value through the financial result - - - - Financial liabilities 97 815 97 815 85 957 85 957 Liabilities measured at amortized cost 97 815 97 815 85 957 85 957 Financial assets measured at amortized cost include cash, accounts receivable and other current receivables. Financial liabilities measured at amortized cost include other long -term financial liabilities, long term customer contract liabilities, accounts payable, current income tax liabilities, long term customer contract liabilities, other current financial liab ilities, and other current liabilities. Note 18 Benefits for key management personnel (incl. remuneration for members of the Management Board and members of the Supervisory Board) Remuneration for members of the Management Board Remuneration for members of the Management Board of Text S.A. collected from 1 April 2025 to 31 March 2026 also includes a bonus granted by the Supervisory Board for the work of the Management Board and the Company’s performance. Name and surname For the period of 3 months ended 30 June 2026 For the period of 3 months ended 30 June 2025 Mariusz Ciepły 509 508 Urszula Jarzębowska 339 339 Total 848 847 Provision for future bonuses for the Management Board 635 662
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 44 As at 30 June 2026 a provision of PLN 635,000 was recognized for the bonus due to the Management Board (30 June 2025: PLN 662,000). Remuneration for members of the Supervisory Board In the reporting period, the value of remuneration for members of the Supervisory Board amounted to PLN 134,000. For the period of 3 months ended 30 June 2025, the value of remuneration for members of the Supervisory Board amounted to PLN 134,000. Other benefits and unsettled loans and advances to the key managing staff None. All transactions with the key managing staff of the Parent Company are conducted on an arm’s length basis. Note 19 Contingent items and other off-balance sheet items No such events occurred. Note 20 Employment The Group does not employ employees, it only collaborates with business entities on a civil-law contract basis. Number of collaborators at the end of the period For the period of 3 months ended 30 June 2026 For the period of 12 months ended 31 March 2026 For the period of 3 months ended 30 June 2025 Blue-collar collaborators - - - White-collar collaborators 260 271 280 Total average number of FTEs 260 271 280 Note 21 Description of factors and events, especially of non-typical nature, having an impact on the financial results In the opinion of the Company's Management Board, in the period from 1 April 2026 to 30 June 2026 there were no major events, including events of non -typical nature, having an impact on the financial results achieved by the Group. Note 22 Events after the end of the financial year, not taken into account in the financial statements Subsequent to the end of the fiscal year until the approval of this report for publication, the Parent Company has not recorded any significant events that would have a material impact on its operations or financial results. Note 23 Transactions with related entities During the reporting period, the Parent Company entered into transactions with a consolidated entity, Text Inc. The Company did not enter into any transactions with related parties other than Text Inc.
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 45 As part of the cooperation between related Group entities, the Parent Company provides the LiveChat platform (including all the Group’s products) to Text Inc. for the distribution of access services to this platform to external customers. Text Inc. provides promotional and marketing support services, including activities aimed at acquiring and retaining customers using the LiveChat communication platform, issuing invoices and monitoring the implementation of customer receivables, as well as ongoing monitoring of the industry and the competitive environment. All these activities are part of the distribution activities undertaken by Text Inc., in particular on the American market for the benefit of the Company. Text Inc. provides promotional and marketing services, taking into account the assumptions of the marketing strategy developed by the Parent Company. Activities of Text Inc. are primarily aimed at implementing the strategy with particular emphasis on the American market. Furthermore, Text Inc. settles with the Parent Company by re -invoicing the costs of purchasing services from external suppliers, mainly from the American market (in particular, this applies to IT services, the direct acquisition of which by an entity not domiciled in the United States is difficult). The basis of the relationship between the Parent Company and Text Inc. is a business assumption in the form of the Parent Company’s willingness to enter the American market with its main product, i.e. the LiveChat communication platform. Due to objective factors, such as, in particular the specificity of the market, the specificity of the competitive environment, and significant legal differences in the field of this business activity, a company operating on the Polish market wishing to enter the American market would find it significantly difficult or even impossible. Hence the decision to establish a subsidiary company in the territory of the United States – Text Inc. and its close cooperation with the Parent Company. The Parent Company did not conclude any transactions with related entities on terms other than market terms. Note 24 Cyclicality and seasonality of the activities run No cyclicality or seasonality of sales can be observed in the Group. Note 25 Remuneration of the statutory auditor During the reporting period, the Parent Company paid remuneration of PLN 86,000 to Grant Thornton Polska Prosta Spółka Akcyjna (formerly Grant Thornton Polska sp. z o.o. sp. k.). In the corresponding comparative period, ended on 30 June 2025, the Parent Company paid remuneration of PLN 96,000 to Grant Thornton Polska Prosta Spółka Akcyjna (formerly Grant Thornton Polska sp. z o.o. sp. k.). Note 26 Objective and principles of risk management The main financial instruments used by the parent entity and its subsidiaries are cash and short -term deposits. The main objective of those financial instruments is optimization of the financial result of the Group and hedging exchange rate risk. The
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 46 Group also has other financial instruments, such as accounts receivable and accounts payable, which arise in the course of its operations. The Group does not trade in financial instruments. FOREIGN EXCHANGE RISK Since over 95% of the sales are collected in USD, the Group is exposed to foreign exchange risk due to the transactions made. In the reporting period, the Group did not hedge its sales denominated in foreign currencies. In order to decrease the foreign exchange risk, the Parent Company's Management Board converts received USD to PLN. Moreover, the Management Board regularly monitors USD exchange rate and adapts its pricing policy thereto. Cash denominated in USD is, as compared to c ash in PLN, an insignificant element as far as the value is concerned. Furthermore, the sales model based on automatic card payment by the customer and ongoing conversion of USD minimize the foreign exchange risk. The Group has cash and current receivables in PLN and USD (see Note 6 for details). The sensitivity analysis for these balance sheet categories to the risk of changes in foreign exchange rates is presented in the table below. If the USD/PLN exchange rate at the balance sheet date had been PLN 0.05 higher/lower, the effect on the value of assets would have been as follows: Balance sheet category as at 30 June 2026 Value in PLN thousands corresponding to exposure in USD Increase / decrease in the USD exchange rate +0.05 PLN -0.05 PLN Cash 19 649 19 909 19 388 Current receivables 2 2 2 Balance sheet category as at 31 March 2026 Value in PLN thousands corresponding to exposure in USD Increase / decrease in the USD exchange rate +0.05 PLN -0.05 PLN Cash 8 869 8 988 8 751 Current receivables 1 1 1 INTEREST RATE RISK The Group is exposed to interest rate risk primarily in relation to the investment of surplus cash. The Group maintains interest -bearing bank accounts in which it places cash denominated in PLN. OTHER PRICE RISK The Group does not use any financial instruments connected with the price risk. The Group is not exposed to other price risk. CREDIT RISK
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Text S.A. Capital Group Interim Condensed Consolidated Financial Report for the period from 1 April 2026 to 30 June 2026. All figures are expressed in PLN (unless stated otherwise). 47 The business model adopted by the Group assumes sales completion only when a guarantee of payment is received. The share of customers to whom buyer’s credit is granted is hardly 3%. The Management Board of the Parent Company regularly monitors the credit risk of its counterparties. The credit risk related to cash is marginal owing to the reputation and financial stability of financial institutions the Group cooperates with. In view of the above, any estimates concerning expected credit losses are on a very low level. Therefore, the consolidated financial statements do not present any impairment losses in this respect. LIQUIDITY RISK Due to the nature of the Group’s operations, liquidity risk is not considered material. OPERATIONAL RISK The basic type of services purchased is services rendered by qualified IT engineers. Due to the fact that the Parent Company's operations are run in Wrocław, where there is a large number of qualified IT specialists, and the local university of technology educates many IT students, the risk of price increases for this type of services is not significant. The Parent Company's Management Board monitors the price levels for IT services on an ongoing basis. Wrocław, 28 August 2026 Mariusz Ciepły Urszula Jarzębowska Joanna Alwin President of the Management Board Member of the Management Board Financial Director Financial Director Chief Accountant