Page 1

HALF - YEAR REPORT 23 August 2021 at 09:00 ( EEST ) Nitro Games Oyj : Half - Year Report January - June 2021 Reporting period January - June 2021 Revenues ( Jan - Jun ) : 435,4 KEUR ( 984,7 KEUR on corresponding period 2020 ) . EBITDA : -1 547,9 KEUR ( -629,8 KEUR ) . ● ● April - June 2021 Revenues ( Apr - Jun ) : 269,5 KEUR ( 523,0 KEUR on corresponding period 2020 ) . EBITDA : -635,9 KEUR ( -420,5 KEUR ) . ● ● NITRO ● ● EBIT : -1 848,5 KEUR ( -858,1 KEUR ) . Net result : -1 856,8 KEUR ( -870,1 KEUR ) . Earnings per share ( EPS ) -0,2 EUR / share ( -0,1 EUR / share ) . Cash and cash equivalents : 4 625,6 KEUR ( 30 June 2021 ) . Significant events during April - June 2021 Started a new project with Digital Extremes by signing a LOI with order value of approx . 2,2 million EUR . Signed approx . 100 KEUR expansion to a game development service agreement with a US based publisher . Completed the project with Business Finland and received approx . 380 KEUR funding . Received approx . 250 KEUR governmental grant . AGM & Election of new Board of Director ; Tobias Andersson joined as new member . ● EBIT : -767,7 KEUR ( -534,7 KEUR ) . Net result : -770,6 KEUR ( -545,1 KEUR ) . Earnings per share ( EPS ) -0,1 EUR / share ( -0,1 EUR / share ) . Significant Events After period Signed the Development agreement with Digital Extremes , with an order value of approx . 2,2 million EUR . Signed approx . 600 KEUR Development Agreement with UK - based PC and console games developer .