
4
Interim condensed consolidated financial statements of the CD PROJEKT RED Group for the period from 1 January to 30 June 2026
(all amounts in PLN thousand, unless stated otherwise)
The attached notes are an integral part of these financial statements.
Table of contents
Key financial data of the CD PROJEKT RED Group ........................................................................................................................................................ 6
Interim condensed consolidated income statement ................................................................................................................................................. 7
Interim condensed consolidated statement of comprehensive income ........................................................................................................... 8
Interim condensed consolidated statement of financial position ........................................................................................................................ 8
Interim condensed statement of changes in consolidated equity ...................................................................................................................... 10
Interim condensed consolidated statement of cash flows .................................................................................................................................... 12
Explanatory notes to the interim condensed consolidated financial statements................................................................................................. 14
General information........................................................................................................................................................................................................... 15
Consolidation policies ...................................................................................................................................................................................................... 15
Basis of preparation of the interim condensed consolidated financial statements ...................................................................................... 16
Going concern assumption ............................................................................................................................................................................................. 16
Compliance with the International Financial Reporting Standards..................................................................................................................... 17
Functional currency and presentation currency ....................................................................................................................................................... 18
Assumption of comparability of the financial statements and consistency of accounting policies .......................................................... 18
Audit by the registered auditor ...................................................................................................................................................................................... 21
Notes – operations of the CD PROJEKT RED Group ................................................................................................................................................... 22
Notes – other explanatory notes to the interim condensed consolidated financial statements .................................................................... 24
Note 1. Description of items affecting assets, liabilities, equity, net profit or loss and cash flows which
are not typical in terms of their type, size and impact .................................................................................................................................... 25
Note 2. Sales revenue .............................................................................................................................................................................................. 25
Note 3. Operating expenses .................................................................................................................................................................................. 26
Note 4. Other operating income and expenses ................................................................................................................................................ 27
Note 5. Finance income and finance costs........................................................................................................................................................ 28
Note 6. Corporate income tax and deferred income tax............................................................................................................................... 29
Note 7. Discontinued operations ...........................................................................................................................................................................32
Note 8. Dividend paid (or declared) and received ...........................................................................................................................................32
Note 9. Property, plant and equipment................................................................................................................................................................ 33
Note 10. Intangible assets and expenditure on development projects .....................................................................................................35
Note 11. Changes in the structure of the Group and Group companies during the reporting period .............................................. 36
Note 12. Investment properties ............................................................................................................................................................................. 36
Note 13. Prepayments and deferred costs .......................................................................................................................................................... 37
Note 14. Other financial assets ............................................................................................................................................................................... 37
Note 15. Inventories ................................................................................................................................................................................................... 37
Note 16. Trade receivables ......................................................................................................................................................................................38
Note 17. Other receivables ...................................................................................................................................................................................... 40
Note 18. Share capital ............................................................................................................................................................................................... 40
Note 19. Other non-current liabilities ..................................................................................................................................................................... 41
Note 20. Other current liabilities ............................................................................................................................................................................. 41
Note 21. Deferred income ........................................................................................................................................................................................42
Note 22. Provision for retirement and similar benefits ...................................................................................................................................42
Note 23. Other provisions ........................................................................................................................................................................................ 43
Note 24. Information on financial instruments ................................................................................................................................................... 44
Note 25. Explanations to the condensed consolidated statement of cash flows ................................................................................... 47
Note 26. Cash flows and non-monetary changes resulting from changes in liabilities in financing activities.............................. 49
Note 27. Transactions with related entities ....................................................................................................................................................... 50
Note 28. Contingent liabilities ............................................................................................................................................................................... 52
Note 29. Employee benefit programmes ............................................................................................................................................................53
Note 30. Tax settlements ......................................................................................................................................................................................... 57
Note 31. Post balance sheet events ...................................................................................................................................................................... 57
Interim condensed separate financial statements of CD PROJEKT RED S.A. ...................................................................................................... 58
Interim condensed separate income statement ...................................................................................................................................................... 59
Interim condensed separate statement of comprehensive income ................................................................................................................. 59
Interim condensed separate statement of financial position ..............................................................................................................................60
Interim condensed separate statement of changes in equity ............................................................................................................................. 62
Interim condensed separate statement of cash flows........................................................................................................................................... 64
Assumption of comparability of the financial statements and consistency of accounting policies ......................................................... 66
Notes to the separate financial statements of CD PROJEKT RED S.A. ............................................................................................................ 69
A. Corporate income tax and deferred income tax ......................................................................................................................................... 69
B. Dividends paid (or declared) and received ..................................................................................................................................................... 71
C. Goodwill ..................................................................................................................................................................................................................... 71
D. Trade receivables .................................................................................................................................................................................................. 72