tinyBuild (TBLD) Trading update summary

Current trading

• Sales slightly ahead of expectations in the first five months of 2024, with releases heavily weighted to H2.

• Difficult industry backdrop; Versus Evil continued to underperform following Broken Roads’ disappointing April launch.

• Cash at 31 May was in the mid-to-high single digits; cost controls reduced cash burn, with cash expected to decline towards H1 as game investment continues; no borrowings.

• Surgeon Sim IP sold to Atari in June for an undisclosed cash sum.

Pipeline and outlook

• Added 1m portfolio wishlists in the past month; Kingmakers ranked among Steam’s top 25 most wishlisted games.

• Level Zero: Extraction and DUCKSIDE demos ranked in Steam Next Fest’s top 3 and top 10 most-played games, respectively; players spent ~1.8m hours in demos and playtests since March 2024.

• 2024 and beyond pipeline includes larger-budget games above $1m, alongside catalogue updates, DLCs and platform launches; launch risks remain.

• Board remained confident of delivering results in line with expectations; Ukraine conflict and macroeconomic conditions warrant caution.

Other updates

• 2023 Annual Report published and available online, with copies being posted to shareholders.

• Employee Benefit Trust held 3,937,587 ordinary shares as of 24 June 2024, for future share awards and vested-option exercises.