Huuuge Games FY2026 Q1 Earnings Release
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CONSOLIDATED
Q1 2026 REPOR T
THE HUUUGE, INC. GROUP
Wars a w , M ay 2 6, 2026
This r e p o rt w as p re p are d in E ng lis h a n d P olis h la n g uag e ve rs io ns. In t h e ca se o f an y d is c re p an cie s, th e E ng lis h ve rs io n sh all p re va il
a s b in d in g .
Dis c la im er
This C onso lid ate d q uarte rly r e p o rt o f H uuug e G ro up fo r th e fi rs t q uarte r o f 2026 (th e “R ep o rt” ) h as b een p re p are d in
a cco rd an ce w it h § 68 o f th e R eg ula tio n of th e M in is te r o f Fin an ce o f Jun e 6 , 2 025 o n cu rre n t an d p erio dic in fo rm atio n pub lis h ed
b y is su ers o f se cu rit ie s a n d th e co nd it io ns fo r re co gniz in g in fo rm atio n as eq uiv a le n t re q uir e d b y th e la w o f a no n-m em ber sta te .
S in ce th e se p ara te d ata f o r H uuug e, In c. a n d th e co nso li d ate d d ata f o r th e H uuu g e G ro up are g en era lly s im il a r (tr e n d s are
m ain ta in ed fo r in d iv id ual b ala n ce sh eet a n d re su lt it e m s), th e B oard o f D ir e cto rs a n d M an ag em en t p erf o rm a n d p re se n t a jo in t
an aly s is f o r th e se p ara te a n d co nso lid ate d d ata .
U nle ss im plie d o th erw is e in t h is R ep o rt, th e te rm s “w e” o r th e “G ro up”, re fe r to t h e C om pan y to geth er w it h a ll o f it s s u b sid ia rie s
a n d th e te rm th e “C om pan y” o r “Is su er” , re fe rs to H uuug e, In c.
U nle ss in d ic a te d o th erw is e , re fe re n ce s to s ta te m en ts a s to b elie fs , e xp ecta tio ns, e stim ate s a n d o pin io ns o f th e C om pan y o r it s
m an ag em en t re fe r to t h e b elie fs , e xp ecta tio ns, e stim ate s a n d o pin io ns o f th e C om pan y’s B oard o f D ir e cto rs .
C erta in a rit h m etic a l d ata c o nta in ed in t h is R ep o rt, in clu d in g fi nan cia l an d o pera tin g in fo rm atio n, have b een ro un d ed . T here fo re ,
in c e rta in in sta n ce s, th e su m o f th e n um bers in a c o lu m n or a ro w in t a b le s co nta in ed in t h is R ep o rt m ay n o t co nfo rm e xa ctly t o
t h e to ta l fi g ure g iv e n fo r th at co lu m n or ro w .
In d ustr y a n d M ark e t D ata T his R ep o rt m ay in clu d e m ark e t sh are a n d in d ustr y d ata t h at w e obta in ed fro m va rio us th ir d -p arty s o urc e s, in clu d in g p ub lic ly
a va ila b le in fo rm atio n co nce rn in g g lo bal so cia l g am in g in d ustr ie s. T he in fo rm atio n in t h is R ep o rt th at h as b een so urc e d fro m
th ir d p artie s h as b een a ccu ra te ly r e p ro duce d w it h r e fe re n ce to t h ese so urc e s in t h e re le va n t p ara g ra p hs an d , as fa r a s w e are
a w are a n d ab le t o a sc e rta in f ro m th e in fo rm atio n pub lis h ed b y th at th ir d p arty , n o fa cts h ave b een o m it te d th at w ould r e n d er
th e re p ro duce d in fo rm atio n pro vid ed in accu ra te o r m is le a d in g . W here th ir d -p arty in fo rm atio n has b een so urc e d in t h is R ep o rt,
t h e so urc e o f su ch in fo rm atio n has b een id en tifi ed . In d ustr y p ub lic a tio ns, su rv e ys a n d fo re ca sts g en era ll y s ta te th at th e
in fo rm atio n co nta in ed th ere in h as b een o bta in ed fro m so urc e s b elie ve d to b e re lia b le . T o th e exte n t th ese in d ustr y p ub lic a tio ns,
su rv e ys a n d fo re ca sts a re a ccu ra te a n d co m ple te , w e belie ve w e have c o rre ctly e xtra cte d a n d re p ro duce d th e in fo rm atio n fro m
su ch so urc e s. A ddit io nally , in d ustr y p ub lic a tio ns g en era lly s ta te th at th e in fo rm atio n co nta in ed th ere in h as b een o bta in ed fro m
so urc e s b elie ve d to b e re lia b le b ut th at th e accu ra cy a n d co m ple te n ess o f su ch in fo rm atio n is n o t guara n te e d a n d in s o m e
in sta n ce s sta te th at th ey d o no t assu m e lia b ilit y f o r su ch in fo rm atio n. W e ca n n o t th ere fo re a ssu re y o u of th e accu ra cy a n d
co m ple te n ess o f su ch in fo rm atio n, an d w e have n o t in d ep en d en tly v e rifi ed su ch in fo rm atio n.
In a d dit io n, in m an y ca se s, sta te m en ts in t h is R ep o rt re g ard in g o ur in d ustr y a n d o ur p o sit io n in t h e in d ustr y a re b ase d o n our
exp erie n ce a n d o ur o w n in ve stig atio n of m ark e t co nd it io ns. C om paris o ns b etw een o ur re p o rte d fi nan cia l o r opera tio nal
in fo rm atio n an d th at o f oth er co m pan ie s o pera tin g in o ur in d ustr y u sin g th is in fo rm atio n m ay n o t fu lly r e fl ect th e actu al m ark e t
sh are o r po sit io n in t h e m ark e t, a s su ch in fo rm atio n m ay n o t be d efi ned co nsis te n tly o r re p o rte d fo r all c o m pan ie s fro m our
in d ustr y in lin e w it h h o w w e defi ne o r re p o rt s u ch in fo rm atio n in t h is R ep o rt.
W hile w e are n o t aw are o f an y m is -s ta te m en ts r e g ard in g th e in d ustr y d ata p re se n te d h ere in , o ur estim ate s in vo lv e c e rta in
a ssu m ptio ns, ris ks a n d un ce rta in tie s a n d are s u b je ct to c h an g e base d o n va rio us fa cto rs .
K ey P erf o rm an ce In d ic a to rs C erta in K P Is in clu d ed in t h is R ep o rt, in clu d in g D AU , M AU , D PU , M PU , A RP D AU , A RP PU an d M onth ly C onve rs io n, are d eriv e d
fro m m an ag em en t estim ate s, a re n o t part o f our fi nan cia l sta te m en ts o r finan cia l a cco un tin g re co rd s an d have n o t been
a u d it e d o r oth erw is e re vie w ed b y in d ep en d en t au d it o rs , c o nsu lt a n ts o r exp erts .
O ur use o r co m puta tio ns o f th ese K P Is m ay n o t be co m para b le t o t h e u se o r co m puta tio ns o f sim il a rly t it le d m ea su re s re p o rte d
b y o th er co m pan ie s in o ur in d ustr y , b y re se a rc h a g en cie s o r by m ark e t re p o rts . F o r th at re a so n, co m paris o ns usin g th is
in fo rm atio n m ay n o t be re lia b le . O th er co m pan ie s, re se a rc h a g en cie s o r m ark e t re p o rte rs m ay in clu d e o th er it e m s or fa cto rs in
t h eir c a lc u la tio n of sim ila r m etr ic s a n d m ay u se c e rta in e stim ate s a n d assu m ptio ns th at w e do no t use w hen ca lc u la tin g th ese
m etr ic s. T hese fa cto rs m ay ca u se th e ca lc u la tio ns b y o th ers o f sim il a r m etr ic s to d if fe r su b sta n tia lly f ro m our ca lc u la tio ns if
H uuug e, In c. C onso lid ate d R ep o rt fo r th e th re e-m onth p erio d en d ed M arc h 3 1, 20 26. 1
th eir m eth o do lo gie s in ste a d w ere u se d to c a lc u la te o ur K P Is . T he K P Is a re n o t acco un tin g m ea su re s, b ut m an ag em en t b eli e ve s
th at ea ch o f th ese m ea su re s p ro vid es u se fu l in fo rm atio n co nce rn in g th e u sa g e an d m onetiz a tio n patte rn s o f our g am es, a s
w ell a s th e co sts a sso cia te d w it h a ttra ctin g an d re ta in in g o ur p la ye rs . N one o f th e K P Is s h o uld b e co nsid ere d in is o la tio n or as
a n alt e rn ativ e m ea su re o f perf o rm an ce u n d er IF R S, an d th eir in clu sio n in t h is R ep o rt d o es n o t m ea n th at th e Is su er w il l c o ntin ue
to r e p o rt th ese K P Is in t h e fu tu re .
F o rw ard -lo okin g sta te m en ts T he R ep o rt in clu d es fo rw ard -lo okin g sta te m en ts , w hic h in clu d e all s ta te m en ts o th er th an sta te m en ts o f his to ric a l fa cts ,
in clu d in g , w it h o ut lim it a tio n, an y sta te m en ts p re ce d ed b y, fo llo w ed b y o r th at in clu d e th e w ord s “ta rg ets ,” “ b elie ve s,” “ e xp ects ,”
“ a im s,” “ in te n d s,” “ w ill,” “ m ay,” “ a n tic ip ate s,” “ w ould ,” “ c o uld ” o r sim il a r exp re ssio ns o r th e n eg ativ e th ere o f. S uch fo rw ard -lo okin g
sta te m en ts in vo lv e k n o w n an d un kn o w n ris ks , u n ce rta in tie s a n d o th er im po rta n t fa cto rs b eyo nd o ur co ntr o l th at co uld c a u se
o ur actu al re su lt s o f opera tio ns, fi nan cia l co nd it io n or pro sp ects to m ate ria lly d if fe r fro m an y o f th o se e xp re ss e d o r im plie d b y
su ch fo rw ard -lo okin g sta te m en ts . S uch fo rw ard -lo okin g sta te m en ts a re b ase d o n num ero us assu m ptio ns re g ard in g o ur p re se n t
an d fu tu re b usin ess stra te g ie s a n d th e en vir o nm en t in w hic h w e cu rre n tly o pera te a n d w il l o pera te in t h e fu tu re . T hese
fo rw ard -lo okin g sta te m en ts s p ea k o nly a s at th e d ate o f ap pro va l o f th e R ep o rt. W e have n o o blig atio n an d have m ad e no
un d erta kin g to d is se m in ate a n y up d ate s o f or re vis io ns to a n y fo rw ard -lo okin g sta te m en ts c o nta in ed in t h is R ep o rt u n le ss w e
are re q uir e d to d o so u n d er th e ap plic a b le la w s.
In ve sto rs s h o uld b e aw are th at se ve ra l im po rta n t fa cto rs a n d ris ks m ay ca u se o ur actu al re su lt s o f opera tio ns to d if fe r
m ate ria lly f ro m th e p la n s, o bje ctiv e s, e xp ecta tio ns, e stim ate s a n d in te n tio ns exp re sse d in s u ch fo rw ard -lo okin g sta te m en ts .
H uuug e, In c. C onso lid ate d R ep o rt fo r th e th re e-m onth p erio d en d ed M arc h 3 1, 20 26. 2
Ta b le o f co nte n ts
S ele cte d co nso lid ate d fi nan cia l d ata 4 T he H uuug e, In c. G ro up In te rim C ond en se d C onso lid ate d F in an cia l S ta te m en ts 5 In te rim c o nd en se d co nso lid ate d sta te m en t o f co m pre h en siv e in co m e 6 In te rim c o nd en se d co nso lid ate d sta te m en t o f finan cia l p o sit io n 7 In te rim c o nd en se d co nso lid ate d sta te m en t o f ch an g es in e q uit y 8 In te rim c o nd en se d co nso lid ate d sta te m en t o f ca sh fl o w s 10 N ote s to t h e in te rim c o nd en se d co nso lid ate d fi nan cia l sta te m en ts 1 1 1. G en era l in fo rm atio n 12 2. A cco un tin g p o lic ie s 1 3 1. B asis f o r pre p ara tio n of th e in te rim c o nd en se d co nso lid ate d fi nan cia l sta te m en ts 1 3 2. M ate ria l acco un tin g p o lic ie s, ke y ju d gm en ts a n d estim ate s 1 3 3. A do ptio n of new a n d re vis e d sta n d ard s 13 3. R eve n ue an d se g m en t in fo rm atio n 14 4. O pera tin g exp en se s 1 6 5. Fin an ce in co m e an d fi nan ce e xp en se 1 8 6. In co m e ta x 1 8 7. Lo ng -t e rm in ve stm en ts 1 9 8. In ta n g ib le a sse ts 2 0 9. C ash a n d ca sh e q uiv a le n ts 2 1 10. E arn in g s per sh are 2 1 11. S hare c a p it a l 2 2 12. S hare -b ase d p aym en t arra n g em en ts 2 4 13. Lea se s 2 5 14. C ontin g en cie s 2 7 15. P le d ges, c o lla te ra ls a n d o th er o ff-b ala n ce sh eet p o sit io ns 2 9 16. R ela te d p arty tra n sa ctio ns 3 0 17. Tra n sa ctio ns w it h m an ag em en t o f th e P are n t C om pan y an d th eir c lo se fa m ily m em bers 3 0 18. U nusu al eve n ts 3 0 19. S ub se q uen t eve n ts 3 1 A ddit io nal in fo rm atio n to t h e co nso lid ate d q uarte rly r e p o rt 3 2 1. G en era l in fo rm atio n 33 2. S ig nifi ca n t ach ie ve m en ts o r fa ilu re s a n d un usu al eve n ts s ig nifi ca n tly a ffe ctin g th e fi nan cia l co nso lid ate d sta te m en t 3 8 3. Fa cto rs im pactin g o ur fi nan cia l re su lt s a n d eve n ts , w hic h in t h e Is su er’s o pin io n, w il l im pact th e G ro up’s r e su lt s f o r at le a st th e n ext q uarte r 3 8 4. K ey P erf o rm an ce In d ic a to rs 4 0 5. G ro up’s R esu lt s 4 4 6. P ossib ilit y o f acco m plis h in g p re vio usly p ub lis h ed fo re ca sts 5 2 7. Id en tifi ca tio n of S ig nifi ca n t D is p ute s b efo re C ourts , A rb it ra tio n bo die s o r au th o rit ie s 5 2 8. Tra n sa ctio ns w it h r e la te d p artie s 5 4 9. G ra n te d su re tie s, lo an s, g uara n te es 5 4 10. S ub se q uen t eve n ts 5 4 C om pan y’s s e le cte d se p ara te fi nan cia l d ata 5 5 S ele cte d se p ara te fi nan cia l d ata 5 6 C om pan y’s s e p ara te s ta te m en t o f co m pre h en siv e in co m e 56 C om pan y’s s e p ara te s ta te m en t o f finan cia l p o sit io n 57 C om pan y’s s e p ara te s ta te m en t o f ch an g es in e q uit y 5 7 C om pan y’s s e p ara te s ta te m en t o f ca sh fl o w s 58
H uuug e, In c. C onso lid ate d R ep o rt fo r th e th re e-m onth p erio d en d ed M arc h 3 1, 20 26. 3
Sele cte d co nso lid ate d fi nan cia l d ata
The fo llo w in g ta b le p re se n ts s e le cte d fi nan cia l d ata o f th e G ro up U SD U SD EU R EU R PLN P LN in t h o usa n d U SD Q 1`2 026 Q 1`2 025 Q 1`2 026 Q 1`2 025 Q 1`2 026 Q 1`2 025 R eve n ue 5 6,5 18 62,3 91 48,3 02 59,3 18 204,4 79 249,2 65 O pera tin g p ro fit (lo ss) 2 1,3 12 22,4 33 18,2 14 21,3 28 77,1 06 89,6 24 P re -t a x p ro fit (lo ss) 2 2,6 11 23,4 26 19,3 24 22,2 72 81,8 05 93,5 92 N et p ro fit (lo ss) 1 9,2 00 19,8 13 16,4 09 18,8 37 69,4 65 79,1 57 N et ca sh fl o w s fro m opera tin g activ it ie s 1 9,2 47 22,2 79 16,4 49 21,1 82 69,6 35 89,0 09 N et ca sh fl o w s fro m in ve stin g activ it ie s 1 24 1,1 38 106 1,0 82 449 4,5 47 N et ca sh fl o w s fro m finan cin g activ it ie s (1 ,8 41) (1 ,4 97) (1 ,5 73) (1 ,4 23) (6 ,6 61) (5 ,9 81) To ta l n et ca sh fl o w s 17,5 30 21,9 20 14,9 82 20,8 40 63,4 23 87,5 75 C ash a n d ca sh e q uiv a le n ts a t th e en d o f th e p erio d 119,5 32 164,9 74 104,2 40 152,3 73 447,1 83 637,4 57 N um ber o f sh are s a t th e en d o f perio d 44,7 47,1 17 59,9 84,9 81 44,7 47,1 17 59,9 84,9 81 44,7 47,1 17 59,9 84,9 81 W eig hte d a ve ra g e num ber o f sh are s 4 0,9 75,8 40 56,0 70,6 75 40,9 75,8 40 56,0 70,6 75 40,9 75,8 40 56,0 70,6 75 E arn in g s per sh are b asic ( E P S) 0.4 7 0.3 5 0.4 0 0.3 3 1.7 0 1.4 0 E U R PLN E U R PLN Q 1`2 026 Q 1`2 026 Q 1`2 025 Q 1`2 025 A nnual ave ra g e exc h an g e ra te 1 .1 701 0.2 764 1.0 518 0.2 503 E xc h an g e ra te a t th e en d o f th e re p o rte d p erio d 1.1 467 0.2 673 1.0 827 0.2 588 H uuug e, In c. C onso lid ate d R ep o rt fo r th e th re e-m onth p erio d en d ed M arc h 3 1, 20 26. 4
The Huuuge, Inc. Group Interim
Condensed Consolidated
Financial Statements
as at and for the three-month period ended Mar ch 31, 2026 pre p are d in a cco rd an ce w it h th e IA S 34 In te rim F in an cia l R ep o rtin g as ad o pte d b y th e E uro pea n U nio n
In te rim c o nd en se d co nso lid ate d sta te m en t o f co m pre h en siv e in co m e Note T hre e-m onth p erio d en d ed M arc h 3 1, 2026 U nau d it e d T hre e-m onth p erio d en d ed M arc h 3 1, 2025 U nau d it e d R eve n ue 3 5 6,5 18 62,3 91 C ost o f sa le s 4 (1 1,0 27) (1 5,5 21) G ro ss p ro fi t on sa le s 4 5,4 91 46,8 70 S ale s a n d m ark e tin g exp en se s: 4 (1 3,4 54) (1 1,0 89) th ere o f, U se r a cq uis it io n m ark e tin g ca m paig ns 4 (9 ,2 84) (7 ,2 38) th ere o f, G en era l sa le s a n d m ark e tin g exp en se s 4 (4 ,1 70) (3 ,8 51) R ese a rc h a n d d eve lo pm en t exp en se s 4 (4 ,2 33) (6 ,0 00) G en era l an d ad m in is tra tiv e e xp en se s 4 (6 ,6 37) (7 ,5 22) O th er o pera tin g in co m e/(e xp en se ), n et 1 45 174 O pera tin g re su lt 2 1,3 12 22,4 33 Fin an ce in co m e 5 1,3 95 2,1 46 Fin an ce e xp en se 5 (9 6) (1 ,1 53) P ro fi t befo re ta x 2 2,6 11 23,4 26 In co m e ta x 6 (3 ,4 11) (3 ,6 13) N et re su lt f o r th e p erio d 1 9,2 00 19,8 13 O th er co m pre h en siv e in co m e It e m s th at m ay b e re cla ssifi ed to p ro fi t or lo ss E xc h an g e gain s/(lo sse s) o n tra n sla tio n of fo re ig n o pera tio ns (8 93) 1,6 70 To ta l o th er co m pre h en siv e in co m e/(lo ss) (8 93) 1,6 70 To ta l co m pre h en siv e in co m e fo r th e p erio d 1 8,3 07 21,4 83 N et re su lt f o r th e p erio d attr ib uta b le t o : o w ners o f th e P are n t 1 9,2 00 19,8 13 To ta l co m pre h en siv e in co m e fo r th e p erio d attr ib uta b le t o : o w ners o f th e P are n t 1 8,3 07 21,4 83 E arn in g s per sh are (in U SD ) basic 1 0 0.4 7 0.3 5 d ilu te d 1 0 0.4 5 0.3 5
T he acco m pan yin g no te s a re a n in te g ra l p art o f th ese in te rim c o nd en se d co nso lid ate d fi nan cia l sta te m en ts . H uuug e, In c. C onso lid ate d R ep o rt fo r th e th re e-m onth p erio d en d ed M arc h 3 1, 20 26. 6
In te rim c o nd en se d co nso lid ate d sta te m en t o f fi nan cia l p o sit io n Note A s at M arc h 3 1, 2026 U nau d it e d A s at D ece m ber 3 1, 2025 A ud it e d A sse ts N on-c u rre n t asse ts P ro perty , p la n t an d eq uip m en t 1 ,3 15 1,5 53 R ig ht-o f-u se a sse ts 1 3 3,5 62 2,9 78 G oodw ill 2 ,6 50 2,7 12 In ta n g ib le a sse ts 8 4 ,2 38 3,9 49 D efe rre d ta x asse ts 1 ,6 68 2,0 03 Lo ng -t e rm in ve stm en ts 7 2 50 – O th er lo ng -t e rm a sse ts 2 ,2 45 2,2 71 To ta l n o n-c u rre n t asse ts 1 5,9 28 15,4 66 C urre n t asse ts T ra d e an d o th er re ce iv a b le s 2 5,0 94 28,3 83 S ho rt-t e rm le a se re ce iv a b le s 1 3 967 1,3 28 C orp o ra te in co m e ta x re ce iv a b le 1 ,4 44 1,4 67 O th er sh o rt-t e rm fi nan cia l asse ts 1 0,7 25 8,0 74 C ash a n d ca sh e q uiv a le n ts 9 1 19,5 32 100,5 68 To ta l cu rre n t asse ts 1 57,7 62 139,8 20 To ta l asse ts 1 73,6 90 155,2 86 Eq uit y S hare c a p it a l 1 1 1 1 Tre a su ry s h are s 1 1 (1 5,1 32) (1 5,1 80) O th er re se rv e s 1 1 (4 2,7 12) (4 2,6 90) E m plo ye e b en efi t re se rv e 1 2 32,6 39 31,6 18 Fo re ig n exc h an g e re se rv e 1 ,1 40 2,0 33 R eta in ed ea rn in g s 1 75,9 72 156,7 72 To ta l e q uit y 1 51,9 08 132,5 54 Eq uit y a ttr ib uta b le t o o w ners o f th e C om pan y 1 51,9 08 132,5 54 N on-c u rre n t lia b ilit ie s D efe rre d ta x lia b ilit ie s – – L o ng -t e rm le a se lia b ilit ie s 1 3 1,5 97 522 O th er lo ng -t e rm lia b ilit ie s 4 11 401 To ta l n o n-c u rre n t lia b ilit ie s 2 ,0 08 923 C urre n t lia b ilit ie s T ra d e an d o th er p aya b le s 1 1,7 61 13,1 35 D efe rre d in co m e 3 1,2 82 1,9 93 C orp o ra te in co m e ta x lia b ilit ie s 2 ,1 06 1,1 72 S ho rt-t e rm le a se lia b ilit ie s 1 3 3,0 90 3,9 74 P ro vis io ns 1 4 1,5 35 1,5 35 To ta l cu rre n t lia b ilit ie s 1 9,7 74 21,8 09 To ta l e q uit y a n d lia b ilit ie s 1 73,6 90 155,2 86 T he acco m pan yin g no te s a re a n in te g ra l p art o f th ese in te rim c o nd en se d co nso lid ate d fi nan cia l sta te m en ts . H uuug e, In c. C onso lid ate d R ep o rt fo r th e th re e-m onth p erio d en d ed M arc h 3 1, 20 26. 7
In te rim c o nd en se d co nso lid ate d sta te m en t o f ch an g es in e q uit y E q uit y a ttr ib uta b le t o o w ners N ote S hare c a p it a l T re asu ry s h are s O th er re se rv e s E m plo ye e b en efi t re se rv e R eta in ed earn in g s Fo re ig n exc h an g e re se rv e E q uit y A s at J an uary 1 , 2026, A ud it e d 1 (1 5,1 80) (4 2,6 90) 31,6 18 156,7 72 2,0 33 132,5 54 N et p ro fit/ (lo ss) fo r th e p erio d – – – – 19,2 00 – 19,2 00 O th er co m pre h en siv e in co m e – fo re ig n cu rre n cy e xc h an g e gain s/(lo sse s) – – – – – (8 93) (8 93) To ta l co m pre h en siv e in co m e fo r th e p erio d – – – – 1 9,2 00 (8 93) 18,3 07 Exe rc is e o f sto ck o ptio ns 1 1,1 2 0* 48 (2 2) – – – 26 E m plo ye e sh are s c h em es – va lu e o f em plo ye e se rv ic e s 1 2 – – – 1,0 21 – – 1,0 21 A s at M arc h 3 1, 2026, U nau d it e d 1 (1 5,1 32) (4 2,7 12) 32,6 39 175,9 72 1,1 40 151,9 08 * 0 re p re se n ts a n am oun t le ss th an U SD 1 th o usa n d . T he ch an g e o f tra d e an d o th er p aya b le s p re se n te d in t h e in te rim c o nso lid ate d sta te m en t o f finan cia l p o sit io n as at M arc h 3 1, 2026 d o es n o t eq ual th e ch an g e in t h e co nso li d ate d sta te m en t o f ca sh
fl o w s fo r th e th re e-m onth p erio d en d ed M arc h 3 1, 2026 . T he d if fe re n ce o f U SD 70 5 th o usa n d is d ue to t h e tra n sa ctio n co sts r e la te d to S B B 2025 , pre se n te d in t h e ca sh fl o w s fro m finan cin g activ it ie s
in t h e in te rim c o nso lid ate d sta te m en t o f ca sh fl o w s, w hic h w ere n o t paid a s at D ece m ber 3 1, 2 025 an d w ere p aid d urin g th e th re e -m onth p erio d en d ed M arc h 3 1, 2026 .
T he G ro up has re n am ed th e eq uit y c o m po nen t p re vio usly p re se n te d a s “S up ple m en ta ry c a p it a l” t o “ O th er re se rv e s” to b ette r a lig n w it h in d ustr y p ra ctic e ; th is c h an g e re p re se n ts a r e cla ssifi ca tio n in
n am e only a n d d o es n o t re fl ect a n y ch an g e in t h e n atu re , p urp o se , o r va lu atio n of th e u n d erly in g ca te g o ry .
H uuug e, In c. C onso lid ate d R ep o rt fo r th e th re e-m onth p erio d en d ed M arc h 3 1, 20 26. 8
Eq uit y a ttr ib uta b le t o o w ners N ote S hare c a p it a l T re asu ry s h are s O th er re se rv e s E m plo ye e b en efi t re se rv e R eta in ed earn in g s Fo re ig n exc h an g e re se rv e E q uit y A s at J an uary 1 , 2025, A ud it e d 1 (1 5,7 20) 78,8 86 29,2 34 83,6 76 (3 ,2 67) 172,8 10 N et p ro fit/ (lo ss) fo r th e p erio d – – – – 19,8 13 – 19,8 13 O th er co m pre h en siv e in co m e – fo re ig n cu rre n cy e xc h an g e gain s/(lo sse s) – – – – – 1 ,6 70 1,6 70 To ta l co m pre h en siv e in co m e fo r th e p erio d – – – – 1 9,8 13 1,6 70 21,4 83 Exe rc is e o f sto ck o ptio ns 1 1, 12 0* 31 (2 7) – – – 4 E m plo ye e sh are s c h em es – va lu e o f em plo ye e se rv ic e s 1 2 – – – 549 – – 549 A s at M arc h 3 1, 2025, U nau d it e d 1 (1 5,6 89) 78,8 59 29,7 83 103,4 89 (1 ,5 97) 194,8 46 * 0 re p re se n ts a n am oun t le ss th an U SD 1 th o usa n d . T he G ro up has re n am ed th e eq uit y c o m po nen t p re vio usly p re se n te d a s “S up ple m en ta ry c a p it a l” t o “ O th er re se rv e s” to b ette r a lig n w it h in d ustr y p ra ctic e ; th is c h an g e re p re se n ts a r e cla ssifi ca tio n in
n am e only a n d d o es n o t re fl ect a n y ch an g e in t h e n atu re , p urp o se , o r va lu atio n of th e u n d erly in g ca te g o ry . T he acco m pan yin g no te s a re a n in te g ra l p art o f th ese in te rim c o nd en se d co nso lid ate d fi nan cia l sta te m en ts . H uuug e, In c. C onso lid ate d R ep o rt fo r th e th re e-m onth p erio d en d ed M arc h 3 1, 20 26. 9
In te rim c o nd en se d co nso lid ate d sta te m en t o f ca sh fl ow s Note T hre e-m onth p erio d en d ed M arc h 3 1, 2026 U nau d it e d T hre e-m onth p erio d en d ed M arc h 3 1, 2025 U nau d it e d C ash fl ow s fro m opera tin g activ it ie s P ro fit/ (lo ss) b efo re ta x 2 2,6 11 23,4 26 A dju stm en ts f o r: D ep re cia tio n an d am ortiz a tio n 4 1,9 82 2,2 95 Fin an ce (in co m e)/ e xp en se , n et 5 (3 ,1 81) (1 ,0 81) N on-c a sh e m plo ye e b en efi ts e xp en se – sh are -b ase d p aym en ts 1 2 1,0 21 549 (P ro fit) / lo ss o n dis p o sa l o f pro perty , p la n t an d eq uip m en t an d d ere co gnit io n of in ta n g ib le a sse ts 1 7 209 C han g es in n et w ork in g ca p it a l: T ra d e an d o th er re ce iv a b le s, a n d o th er lo ng -t e rm a sse ts 3 ,0 64 3,6 05 Tra d e an d o th er p aya b le s (1 ,6 87) 996 O th er sh o rt-t e rm fi nan cia l asse ts ( 2 ,0 66) (4 14) D efe rre d in co m e (7 11) (1 0) O th er a d ju stm en ts ( 8 ) (3 2) C ash fl ow s fro m opera tin g activ it ie s 2 1,0 42 29,5 43 In co m e ta x p aid ( 1 ,7 95) (7 ,2 64) N et ca sh fl ow s fro m opera tin g activ it ie s 1 9,2 47 22,2 79 C ash fl ow s fro m in ve stin g activ it ie s In te re st re ce iv e d 5 8 86 1,5 23 Lo an s g ra n te d (5 42) – S ub le a se p aym en ts r e ce iv e d 1 3 356 295 Lo ng -t e rm in ve stm en ts 7 ( 2 50) (5 00) S oftw are e xp en d it u re 8 ( 2 25) (1 00) A cq uis it io n of pro perty , p la n t an d eq uip m en t (1 18) (1 12) In te re st re ce iv e d fro m su b le a se 1 3 17 32 N et ca sh fl ow s fro m /(u se d in ) in ve stin g activ it ie s 1 24 1,1 38 C ash fl ow s fro m fi nan cin g activ it ie s Lea se re p aym en t 1 3 (1 ,1 32) (1 ,0 77) Tra n sa ctio n co sts r e la te d to r e p urc h ase o f ow n sh are s (7 05) (3 77) In te re st p aid 1 3 (3 0) (4 7) E xe rc is e o f sto ck o ptio ns 1 2 26 4 N et ca sh fl ow s fro m /(u se d in ) fi nan cin g activ it ie s (1 ,8 41) (1 ,4 97) N et in cre ase /(d ecre ase ) in c a sh a n d ca sh e q uiv a le n ts 1 7,5 30 21,9 20 Effe ct o f exc h an g e ra te fl uctu atio ns an d accru ed in te re st 1 ,4 34 1,2 14 C ash a n d ca sh e q uiv a le n ts a t th e b eg in nin g o f th e p erio d 1 00,5 68 141,8 40 C ash a n d ca sh e q uiv a le n ts a t th e en d o f th e p erio d 1 19,5 32 164,9 74
T he acco m pan yin g no te s a re a n in te g ra l p art o f th ese in te rim c o nd en se d co nso lid ate d fi nan cia l sta te m en ts .
H uuug e, In c. C onso lid ate d R ep o rt fo r th e th re e-m onth p erio d en d ed M arc h 3 1, 20 26. 1 0
Note s to t h e in te rim
c o nd en se d co nso lid ate d
fi nan cia l sta te m en ts
1. G en era l in fo rm atio n
Huuug e, In c. (h ere in afte r th e “C om pan y”, th e “P are n t C om pan y”) is a c o m pan y re g is te re d in t h e U nit e d S ta te s o f A m eric a . T he
C om pan y’s r e g is te re d o ffi ce is lo ca te d in D ove r, D ela w are , 8 50 N ew B urto n R oad , S uit e 2 01, D E 1990 4, an d th e o pera tin g o ffi ce
is lo ca te d in L a s V eg as, N eva d a, 2 300 W . Sah ara A ve ., S uit e # 680, M ailb ox # 32, N V 8910 2.
T he C om pan y w as esta b lis h ed w it h a n o ta ry d eed o n Feb ru ary 1 1 , 2015 . A s at M arc h 3 1, 2026 an d D ece m ber 3 1, 2025, th e H uu ug e In c. G ro up (th e C om pan y an d it s s u b sid ia rie s co lle ctiv e ly r e fe rre d to
a s th e “G ro up”) c o m pris e d th e P are n t C om pan y an d it s s u b sid ia rie s, a s lis te d b elo w .
om pris e d th e P are n t C om pan y an d it s s u b sid ia rie s, a s lis te d b elo w . N am e of en tit y R eg is te re d se at A ctiv it ie s P are n t C om pan y’s s h are in c a p it a l A s at M arc h 3 1, 2026 A s at D ece m ber 3 1, 2025 H uuug e G am es S p. z o .o . S zc ze cin , P ola n d g am es d eve lo pm en t an d o pera tio ns 1 00% 100% H uuug e G lo bal Ltd L im asso l, C yp ru s g am es d is tr ib utio n, use r a cq uis it io n 100% 100% H uuug e P ub lis h in g Ltd ( f o rm erly F u n M onke y L td ) Lim asso l, C yp ru s g am es d is tr ib utio n 100% 100% B illio nair e G am es L im it e d L im asso l, C yp ru s g am es d is tr ib utio n 100% 100% H uuug e D ig it a l Ltd T el A viv , Is ra el g am es d eve lo pm en t, R & D 100% 100% H uuug e U K Ltd L o nd o n, U nit e d K in g d o m pro duct m an ag em en t 1 00% 100% T he co re b usin ess a ctiv it ie s o f th e G ro up in clu d e: ● d eve lo pm en t o f m obile g am es in t h e fre e-t o -p la y m odel, ● d is tr ib utio n an d use r a cq uis it io n of pro prie ta ry m obile g am es. T he G ro up’s b usin ess a ctiv it ie s a re n o t su b je ct to s ig nifi ca n t se a so nal o r cyc lic a l tr e n d s. T he G ro up’s b usin ess a ctiv it ie s a re
c h ara cte riz e d b y lo w en vir o nm en ta l im pact. F o r m ore in fo rm atio n on clim ate m atte rs , p le a se re fe r to t h e A nnual re p o rt fo r th e
tw elv e -m onth p erio d en d ed D ece m ber 3 1, 2025. T here w ere n o sig nifi ca n t ris ks id en tifi ed re la te d to c lim ate c h an g e.
C om po sit io n of th e C om pan y’s B oard o f D ir e cto rs a s at M arc h 3 1, 20 26 an d as at th e d ate o f sig nin g o f th ese in te rim
c o nd en se d co nso lid ate d fi nan cia l sta te m en ts
D ir e cto rs h ave a n nual te rm s of duty a n d se rv e u n til t h e su cce ss o rs a re d uly e le cte d . P re fe rre d sh are h o ld ers h ave th e rig ht to
a p po in t ce rta in d ir e cto rs . E ffe ctiv e o n A pril 1 8, 2025, M r. K rz ys zto f K aczm arc zyk a n d M r. T o m Jaco bsso n w ere re -e le cte d a s
in d ep en d en t no n-e xe cu tiv e d ir e cto rs . In c o nnectio n w it h th e ele ctio n of m em bers o f th e B oard o f D ir e cto rs b y th e A nnual
G en era l M eetin g , M r. J o hn S alt e r w as ele cte d to s e rv e a s th e S erie s A D ir e cto r fo r th e n ext te rm , an d M r. H en ric S uu ro nen a n d
M r. A nto n G au ffi n to s e rv e a s th e S erie s B D ir e cto rs f o r th e n ext te rm .
As at D ece m ber 3 1, 2025, as w ell a s at M arc h 3 1, 202 6 an d as at th e d ate o f sig nin g o f th ese in te rim c o nd en se d co nso lid ate d
fi nan cia l sta te m en ts , th e co m po sit io n of th e C om pan y’s B oard o f D ir e cto rs w as th e fo llo w in g :
● A nto n G au ffi n, exe cu tiv e d ir e cto r, E xe cu tiv e C hair m an o f th e B oard , ● H en ric S uuro nen , no n-e xe cu tiv e d ir e cto r, ● K rz ys zto f K aczm arc zyk , n o n-e xe cu tiv e d ir e cto r, ● J o hn S alt e r, n o n-e xe cu tiv e d ir e cto r, H uuug e, In c. C onso lid ate d R ep o rt fo r th e th re e-m onth p erio d en d ed M arc h 3 1, 20 26. 1 2
● T o m Jaco bsso n, no n-e xe cu tiv e d ir e cto r.
2 . A cco un tin g p o lic ie s
1. B asis f o r pre p ara tio n of th e in te rim c o nd en se d co nso li d ate d fi nan cia l sta te m en ts T hese in te rim c o nd en se d co nso lid ate d fi nan cia l sta te m en ts a s at an d fo r th e th re e -m onth p erio d en d ed M arc h 3 1, 2026 have
b een p re p are d in a cco rd an ce w it h th e IA S 34 In te rim F in an cia l R ep o rtin g as ad o pte d b y th e E uro pea n U nio n.
T hese in te rim c o nd en se d co nso lid ate d fi nan cia l sta te m en ts d o no t in clu d e all t h e in fo rm atio n an d d is c lo su re s re q uir e d in t h e
an nual fi nan cia l sta te m en ts a n d sh o uld b e re a d in c o nju n ctio n w it h th e G ro up’s c o nso lid ate d fi nan cia l sta te m en ts a s a t an d fo r
th e ye a r en d ed D ece m ber 3 1, 2025 pre p are d in a cco rd an ce w it h In te rn atio nal F in an cia l R ep o rtin g S ta n d ard s as a d o pte d b y th e
E uro pea n U nio n (“ IF R S”).
T hese in te rim c o nd en se d co nso lid ate d fi nan cia l sta te m en ts a s at an d fo r th e th re e -m onth p erio d en d ed M arc h 3 1, 2026 w ere
a p pro ve d o n M ay 2 6, 2026 by th e B oard o f D ir e cto rs . T he G ro up has p re p are d th ese in te rim c o nd en se d co nso li d ate d fi nan cia l
sta te m en ts o n th e b asis t h at it w ill c o ntin ue to o pera te a s a g o in g co nce rn .
T hese in te rim c o nd en se d co nso lid ate d fi nan cia l sta te m en ts a re p re p are d o n th e his to ric a l co st b asis , e xc e p t fo r finan cia l
in str u m en ts , m ea su re d a t fa ir v a lu e.
2 . M ate ria l acco un tin g p o lic ie s, k e y ju d g m en ts a n d estim ate s T he acco un tin g p o lic ie s a d o pte d in t h e p re p ara tio n of th e in te rim c o nd en se d co nso lid ate d fi nan cia l sta te m en ts a re c o nsis te n t
w it h th o se fo llo w ed in t h e p re p ara tio n of th e G ro up’s c o nso lid ate d fi nan cia l sta te m en ts a s at an d fo r th e ye a r en d ed D ece m ber
3 1, 2025, exc e p t fo r th e ad o ptio n of new sta n d ard s effe ctiv e a s at J an uary 1 , 20 26. T he G ro up has n o t ea rly -a d o pte d a n y
sta n d ard , in te rp re ta tio n or am en d m en t th at h as b een is su ed b ut is n o t ye t effe ctiv e .
S eve ra l am en d m en ts a n d in te rp re ta tio ns ap ply f o r th e fi rs t tim e in 2 026 but d o no t have a n im pact o n th e in te rim c o nd en se d
co nso lid ate d fi nan cia l sta te m en ts o f th e G ro up . In p re p arin g th ese in te rim c o nd en se d co nso lid ate d fi nan cia l sta te m en ts , th e
sig nifi ca n t ju d gem en ts a n d estim ate s m ad e by m an ag em en t in a p ply in g th e G ro up’s a cco un tin g p o lic ie s h ave b een co nsis te n tly
a p plie d b y th e G ro up an d are c o nsis te n t acro ss th e re p o rte d p erio ds.
3 . A do ptio n of new an d re vis e d sta n d ard s T he E U IF R S in clu d e all I n te rn atio nal A cco un tin g S ta n d ard s, In te rn atio nal F in an cia l R ep o rtin g S ta n d ard s an d In te rp re ta tio ns as
ap pro ve d b y th e E uro pea n U nio n. A s at th e d ate o f ap p ro vin g th ese in te rim c o nd en se d co nso lid ate d fi nan cia l sta te m en ts f o r
is su e, co nsid erin g th e p en d in g p ro ce ss o f in tr o ducin g IF R Ss in t h e E U an d th e o pera tio ns co nd ucte d b y th e G ro up , th e E U IF R S
ap plic a b le t o t h ese fi nan cia l sta te m en ts m ig ht d if fe r fro m IF R S ad o pte d b y th e In te rn atio nal A cco un tin g S ta n d ard s B oard .
In p re p arin g th ese in te rim c o nd en se d co nso lid ate d fi nan cia l sta te m en ts , th e G ro up’s m an ag em en t has an aly z e d n ew S ta n d ard s
th at h ave a lr e a d y been a d o pte d b y th e E uro pea n U nio n an d th at sh o uld b e ap plie d fo r perio ds beg in nin g o n or afte r J an uary 1 ,
2026.
N ew In te rn atio nal F in an cia l R ep o rtin g S ta n d ard s an d In te rp re ta tio ns p ub li s h ed b ut n o t ye t effe ctiv e : ● A m en d m en ts to IF R S 10 an d IA S 28: S ale o r C ontr ib utio n of A ss e ts B etw een a n In ve sto r an d it s A ss o cia te o r Jo in t
V en tu re ( is su ed o n S ep te m ber 1 1, 2014) – th e en d o rs e m en t p ro ce ss o f th ese A m en d m en ts h as b een p o stp o ned b y
E U – th e effe ctiv e d ate w as d efe rre d in d efi nit e ly b y In te rn atio nal A cco un tin g S ta n d ard s B oard ;
● IF R S 18: P re se n ta tio n an d d is c lo su re in fi nan cia l sta te m en ts ( is su ed o n A pril 9 , 2024 ) – no t ye t en d o rs e d b y E U at th e
d ate o f ap pro va l o f th ese in te rim c o nd en se d co nso li d ate d fi nan cia l sta te m en ts f o r is su e – effe ctiv e fo r finan cia l
ye a rs b eg in nin g o n or afte r J an uary 1 , 2027;
● IF R S 19: S ub sid ia rie s w it h o ut P ub lic A cco un ta b ilit y : D is c lo su re s (is su ed o n M ay 9 , 2024 ) – no t ye t en d o rs e d b y E U at
th e d ate o f ap pro va l o f th ese in te rim c o nd en se d co nso li d ate d fi nan cia l sta te m en ts f o r is su e – effe ctiv e fo r finan cia l
ye a rs b eg in nin g o n or afte r J an uary 1 , 2027;
H uuug e, In c. C onso lid ate d R ep o rt fo r th e th re e-m onth p erio d en d ed M arc h 3 1, 20 26. 1 3
● Am en d m en ts to IF R S 19: S ub sid ia rie s w it h o ut P ub lic A cco un ta b ilit y : D is c lo su re s (is su ed o n A ug ust 2 1, 20 25) – no t
ye t en d o rs e d b y E U at th e d ate o f ap pro va l o f th ese in te rim c o nd en se d fi nan cia l sta te m en ts – e ffe ctiv e fo r finan cia l
ye a rs b eg in nin g o n or afte r 1 J an uary 2 027;
● A m en d m en ts to IA S 21: T he E ffe cts o f C han g es in F o re ig n E xc h an g e R ate s: T ra n sla tio n to a H yp erin fl atio nary
P re se n ta tio n C urre n cy (is su ed o n 13 N ove m ber 2 025 ) – no t ye t en d o rs e d b y E U at th e d ate o f ap pro va l o f th ese
fi nan cia l in te rim c o nd en se d fi nan cia l sta te m en ts – e ffe ctiv e fo r finan cia l ye a rs b eg in nin g o n or afte r 1 J an uary 2 027 .
T hese sta n d ard s an d am en d m en ts a re n o t exp ecte d to h ave a m ate ria l im pact o n th e G ro up in t h e cu rre n t o r fu tu re re p o rtin g
p erio ds an d o n fo re se ea b le f u tu re tra n sa ctio ns.
N ew In te rn atio nal F in an cia l R ep o rtin g S ta n d ard s an d In te rp re ta tio ns effe ctiv e fo r th e fi rs t tim e fo r fi nan cia l ye ar 2 026 :
D urin g th e th re e-m onth p erio d en d ed M arc h 3 1, 2026, th e fo llo w in g IF R S an d am en d m en ts to IF R S or in te rp re ta tio ns en te re d
in to f o rc e :
● A m en d m en ts to IF R S 9 an d IF R S 7: A m en d m en ts to t h e C la ssifi ca tio n an d M ea su re m en t o f Fin an cia l In str u m en ts
( is su ed o n M ay 3 0, 2024) – effe ctiv e fo r finan cia l ye a rs b eg in n in g o n or afte r 1 J an uary 2 026 ;
● A nnual Im pro ve m en ts V olu m e 11 (is su ed o n July 1 8, 2 024 ) – effe ctiv e fo r finan cia l ye a rs b eg in nin g o n or afte r
J an uary 1 , 2026;
● A m en d m en ts to IF R S 9 an d IF R S 7 C ontra cts R efe re n cin g N atu re -d ep en d en t E le ctr ic it y ( is su ed o n D ece m ber 1 8,
2024) – effe ctiv e fo r finan cia l ye a rs b eg in nin g o n or afte r J an uary 1 , 2026 .
T he am en d m en t lis te d a b o ve d id n o t have a n y im pact o n th e am oun ts r e co gniz e d in p rio r perio ds an d are n o t exp ecte d to
s ig nifi ca n tly a ffe ct th e cu rre n t o r fu tu re p erio ds.
3 . R eve n ue an d se g m en t in fo rm atio n Huuug e’s b usin ess, c o m pris in g th e d eve lo pm en t an d sa le o f ca su al g am es fo r m obile p la tf o rm s is g lo bal. T he g am es a n d sa le s
ch an nels a re c o nsis te n t re g ard le ss o f pla ye rs ’ lo ca tio n. M an ag em en t m onit o rs th e G ro up’s r e ve n ue o n a per-g am e basis , b ut
d o es n o t allo ca te a ll c o sts , a sse ts , a n d lia b ilit ie s b y g am e, n o r do es it m ea su re o pera tin g re su lt s a t th e in d iv id ual g am e le ve l. I n
m an ag em en t’s v ie w , th e G ro up’s o pera tio ns an d fi nan cia l p erf o rm an ce ca n n o t be d iv id ed in to r e p o rta b le s e g m en ts in a m an ner
th at im pro ve s th e ab ilit y to a n aly z e a n d m an ag e th e G ro up . A s at M arc h 3 1 , 2026 th e C EO is t h e C hie f o pera tin g d ecis io n-m ake r.
T he C EO an aly z e s th e co nso lid ate d fi nan cia l p o sit io n an d o pera tin g re su lt s o f th e G ro up as a w ho le ; th ere fo re , it h as b een
d ete rm in ed th at th e G ro up has o nly o ne o pera tin g se g m en t (“o nlin e m obile g am es”). T he G ro up’s m an ag em en t m onit o rs
o pera tin g re su lt s o n a gro up -w id e basis f o r th e p urp o se o f m akin g d ecis io ns ab o ut re so urc e a llo ca tio n an d p erf o rm an ce
a sse ssm en t.
T he G ro up’s r e ve n ue fro m co ntra cts w it h c lie n ts c o m pris e s re ve n ue g en era te d b y in -a p p p urc h ase s (g am in g ap plic a tio ns) a n d
in -a p p ad s (a d ve rtis in g ). R eve n ue g en era te d fro m gam in g ap plic a tio ns fo r th e th re e -m onth p erio d en d ed M arc h 3 1, 2026
am oun te d to U SD 56,3 28 th o usa n d (U SD 61,9 84 th o usa n d fo r th e th re e -m onth p erio d en d ed M arc h 3 1, 2 02 5), a n d re ve n ue
g en era te d fro m ad ve rtis in g am oun te d to U SD 190 th o usa n d fo r th e th re e -m onth p erio d en d ed M arc h 3 1, 2 026 (U SD 407
th o usa n d fo r th e th re e-m onth p erio d en d ed M arc h 3 1, 2 025 ).
T he G ro up’s r e ve n ue is r e co gniz e d o ve r tim e, ir re sp ectiv e o f pro duct o r geo gra p hic a l re g io n.
Fo r th e g am in g se rv ic e s, th e tra n sa ctio n pric e is p re p aid b y th e cu sto m ers w hen vir tu al co in s are p urc h ase d to a llo w
co ntin uatio n of th e g am e. T hese p aym en ts r e su lt in t h e re co gnit io n of th e co ntra ct lia b ilit y in t h e in te rim c o nd en se d
co nso lid ate d sta te m en t o f finan cia l p o sit io n in t h e lin e “D efe rre d in co m e”. T he am oun ts r e co gniz e d a s d efe rre d in co m e are
r e co gniz e d a s re ve n ue o ve r a n ave ra g e o f tw o days .
F o r th e g am in g se rv ic e , th e am oun t re co gniz e d a s d efe rre d in co m e at th e re p o rtin g d ate a ls o re p re se n ts th e ag gre g ate a m oun t
o f th e tra n sa ctio n pric e a llo ca te d to t h e p erf o rm an ce o blig atio ns th at are u n sa tis fi ed (o r partia ll y u n sa tis fi ed ) as o f th e en d o f
th e re p o rtin g p erio d.
H uuug e, In c. C onso lid ate d R ep o rt fo r th e th re e-m onth p erio d en d ed M arc h 3 1, 20 26. 1 4
Fo r ad ve rtis in g se rv ic e s, th e G ro up ap plie s th e p ra ctic a l exp ed ie n t allo w ed u n d er IF R S 15 an d d o es n o t dis c lo se th e ag gre g ate
a m oun t o f th e tra n sa ctio n pric e a llo ca te d to u n sa tis fi ed p erf o rm an ce o blig atio ns. T his is b eca u se th e G ro up has a rig ht to
c o nsid era tio n fro m a cu sto m er in a n am oun t th at co rre sp o nd s dir e ctly w it h th e va lu e to t h e cu sto m er o f th e en tit y ’s
p erf o rm an ce co m ple te d to d ate .
B elo w is t h e sp lit o f th e re ve n ue p er m ain p ro duct g ro up s: T hre e-m onth p erio d en d ed M arc h 3 1, 2026 U nau d it e d T hre e-m onth p erio d en d ed M arc h 3 1, 2025 U nau d it e d H uuug e C asin o 3 6,6 31 40,8 46 B illio nair e C asin o 1 9,2 46 20,4 63 Tra ffi c Puzzle 4 32 850 O th er g am es 2 09 232 To ta l re ve n ue 5 6,5 18 62,3 91 R eve n ue w as g en era te d in t h e fo llo w in g g eo gra p hic a l lo ca tio ns: T hre e-m onth p erio d en d ed M arc h 3 1, 2026 U nau d it e d T hre e-m onth p erio d en d ed M arc h 3 1, 2025 U nau d it e d N orth A m eric a 3 1,9 40 37,2 06 Euro pe 1 7,9 60 17,6 25 A sia -P acifi c (A PA C) 5,6 05 6,4 75 O th er 1 ,0 13 1,0 85 To ta l re ve n ue 5 6,5 18 62,3 91 T he lin e “N orth A m eric a” in clu d es re ve n ue g en era te d in t h e U nit e d S ta te s a m oun tin g to U SD 30 ,4 70 th o usa n d d urin g th e
th re e-m onth p erio d en d ed M arc h 3 1, 2026 (U SD 35,6 93 th o usa n d d urin g th e th re e-m onth p erio d en d ed M arc h 3 1, 2 02 5). T he
ab o ve is t h e m an ag em en t’s b est e stim ate , a s n o g eo gra p hic a l b re a kd o w n is a va ila b le f o r so m e re ve n ue so urc e s.
T he allo ca tio n of re ve n ue to r e g io ns is d riv e n b y th e lo ca tio n of in d iv id ual p la ye rs ( e n d -u se r cu sto m ers ). N o in d iv id ual en d -u se r
cu sto m er a cco un te d fo r 10% o r m ore in t h e G ro up’s t o ta l re ve n ues in t h e th re e-m onth p erio d en d ed M arc h 3 1, 2 02 6 o r M arc h
3 1, 2025. T he va st m ajo rit y o f re ve n ues is c o lle cte d th ro ug h se ve ra l p la tf o rm p ro vid ers , su ch a s A pple A pp S to re , G oogle P la y,
F a ce b o ok an d A m azo n A pp S to re , a s w ell a s d ir e ctly t h ro ug h d ir e ct-t o -c o nsu m er o ffe rin g (W eb sto re ).
R eve n ues th ro ug h th ir d -p arty p la tf o rm s an d th ro ug h th e C om pan y’s o w n dir e ct-t o -c o nsu m er o ffe rin g w ere a s fo llo w s: T hre e-m onth p erio d en d ed M arc h 3 1, 2026 U nau d it e d T hre e-m onth p erio d en d ed M arc h 3 1, 2025 U nau d it e d T hir d -p arty p la tf o rm s 33,2 37 50,1 26 D ir e ct-t o -c o nsu m er p la tf o rm s 23,2 81 12,2 65 To ta l re ve n ue 5 6,5 18 62,3 91 H uuug e, In c. C onso lid ate d R ep o rt fo r th e th re e-m onth p erio d en d ed M arc h 3 1, 20 26. 1 5
4. O pera tin g exp en se s Fo r th e th re e-m onth p erio d en d ed M arc h 3 1, 2026, th e o pera tin g exp en se s co m pris e d : S ale s an d m ark e tin g exp en se s E xp en se s b y n atu re T o ta l C ost o f sa le s th ere o f, U se r acq uis it io n m ark e tin g ca m paig ns th ere o f, G en era l sa le s an d m ark e tin g exp en se s R ese arc h a n d d eve lo pm en t exp en se s G en era l an d ad m in is tr a tiv e e xp en se s P la tf o rm fe es to d is tr ib uto rs 1 0,5 23 10,5 23 – – – – G am in g se rv e rs e xp en se s 1 08 108 – – – – E xte rn al m ark e tin g an d sa le s se rv ic e s 1 0,3 36 – 9,2 84 1,0 52 – – S ala rie s a n d em plo ye e-r e la te d co sts 8 ,5 14 – – 2,7 94 3,7 14 2,0 06 E m plo ye e sto ck o ptio n pla n 1 ,0 21 – – 137 164 720 D ep re cia tio n an d am ortiz a tio n 1,9 82 396 – 136 290 1,1 60 Fin an ce & le g al se rv ic e s 8 95 – – – – 895 IT e q uip m en t an d so ftw are e xp en se s 8 59 – – 1 – 858 P ro perty m ain te n an ce a n d exte rn al se rv ic e s 3 84 – – – – 384 O th er co sts 7 29 – – 50 65 614 To ta l o pera tin g exp en se s 3 5,3 51 11,0 27 9,2 84 4,1 70 4,2 33 6,6 37
O th er co sts u n d er re se a rc h a n d d eve lo pm en t exp en se s m ain ly i n clu d e exte rn al co sts o f deve lo pm en t, g ra p hic s a n d g am in g co nte n t. O th er co sts u n d e