Current Report no. 28/2024


Subject: Information about making an impairment loss

Legal basis: art. 17 (1) MAR – confidential information

The Management Board of Manydev Studio SE with its registered office in Warsaw (hereinafter referred to as the “Company”, “Issuer”) informs that on April 24, 2024 made the final decision as to the amount of the write-down made on the value of the games produced, which is related to the loss of value of the Issuer’s assets.

The impairment loss covers the following projects for which the Issuer’s Management Board does not rule out a return to production in the future:

  • My Museum (deduction in the amount of PLN 160,158.88),
  • Parasight (write-off in the amount of PLN 49,280.00),
  • Illusion Lands (write-off in the amount of PLN 236,184.67),
  • Corsairs Madness (write-off in the amount of PLN 1,985.95),
  • Sword&Shield (write-off in the amount of PLN 284,984.96).

The total value of the write-off, i.e. PLN 732.594,46, will be included in the Company’s separate financial statements for 2023 in the item “Other operating costs”, and thus will affect the amount of the reported financial result and the value of inventories. This write-off is an accounting operation that does not affect financial flows or cash. Making the above-mentioned write-offs have no impact on the Company’s current financial liquidity.

Making write-offs is motivated by the transparency of activities towards the Company’s Shareholders. Detailed information on how to disclose the above. write-offs will be presented, in accordance with the accounting principles applicable to the Issuer, in the annual report being prepared, which will be published on April 29, 2024.

The Issuer’s Management Board decided to publish the above information due to the fact that it may have a significant impact on the Issuer’s financial and property situation and a potentially significant impact on the valuation of the Company’s listed shares.