14-2022 5th Planet Games A/S Q1 2022 Report.

COPENHAGEN, May 20th, 2022: 5th Planet Games A/S (OAX: 5PG) is pleased to announce that the Q1 report for 2022 has been released today.

In reviewing our financial results for Q1, we note the following:

• Revenue improved DKK 2.2m to DKK 2.9m in Q1 2022 from DKK 0.7m in Q1 2021 (continued operations)
• EBITDA improved DKK 2.8m to DKK -0.7m in Q1 2022 from DKK -3.5m in Q1 2021 (continued operations)
• Cashflow positive by DKK 1,7m in Q1 2022 against DKK -6.4m in Q1 2021 (total operations)
• Loss for Q1 2022 total DKK 26.1m due to the calculated change in fair value of derivative financials
instruments by DKK -25.6m

The final point above concerns a technical accounting requirement, but it should not serve as a distraction from the fact that our overall financial position shows marked signs of improvement. It does not affect the groups capital recourses, cash position or future outflow of cash. This issue is only temporary and will end when Investment Tranche 4 has been executed September 2023.

The full report can be viewed by clicking the link at the end of this document.


About 5th Planet Games
5th Planet Games is a games developer and publisher located in Copenhagen. 5th Planet Games works with IP-driven content such as the Adventures of Tintin and with premium sports brands such as Cristiano Ronaldo, Peter Snakebite Wright and Nyjah Huston; it also has its own IP in Hugo. Following a recent investment agreement 5th Planet Games is now working in partnership with LA-based Skybound Entertainment which will give access to IP such as The Walking Dead, Before your Eyes and Invincible.