Not fabulous results, just not as bad as feared.

Still some cash on hand, a little more than forecast.

RESULT COMMENTARY The Company’s revenue was slightly lower than the guidance range provided during the second half. Original IP revenues on individual titles were in line with projections, however subsequent to the Company’s restructure in April several smaller titles were cancelled that were either in soft launch or late-stage development which explains the variance relative to guidance. PlaySide won some small extensions to Work for Hire contracts with existing clients but experienced delays in sales cycles for new opportunities. The Company continues to progress discussions on several large contracts and has also secured two smaller opportunities with new clients in the last four weeks. While not individually material enough to announce, current industry dynamics have meant that many clients are seeking prototyping and/or technical demo work prior to committing funds for large projects. Management considers this dynamic to be reflective of a turning point in the industry after more than two years of layoffs and underinvestment in content. PlaySide has been active in procuring these types of deals and using this opportunity to expand the breadth of its Work for Hire client base, and is confident it remains well-placed to convert some of these into longer term contracts. Importantly, cash levels remained within the guidance range despite $1.6m in restructuring costs incurred during the period, and a substantial commitment to support successful marketing campaigns for Game of Thrones: War for Westeros and MOUSE: P.I. For Hire. Management has been effective in significantly reducing the Company’s overheads and considers that this leaves PlaySide well-placed to convert successful game launches into sustainable growth in revenue and cash flow. While management will not be in a position to provide explicit FY26 guidance until closer to the launch of MOUSE: P.I. For Hire, it is confident of delivering revenue growth and operating cost savings relative to FY25. PlaySide expects to release its FY25 result on Wednesday 27 August and will host an Investor Webinar on the day