Current Report 24/2024
09/10/2025 • 17:23
Subject:
Information on recognition of an impairment write-off
Legal basis:
Art. 17 sec. 1 MAR – inside information.
Content:
The Management Board of cyber_Folks S.A. with its registered office in Poznań [“Company”] announces that on 09.10.2024 it decided to recognise a full impairment write-off of the goodwill recognised upon the acquisition of Blugento S.A. [“Write-off”]. The decision to recognise the Write-off is related to the dynamic development of the Company’s own internally developed platform for operating online stores in the SaaS model [“_Stores”]. As at 30.09.2024, _Stores was used by 1.403 paying customers, and in September 2024 alone 174 new paying customers were acquired. Accordingly, the Company assumes that further development of the Magento-based [“Blugento Platform”] will be discontinued. As at the publication date of this report, the Company held a 45,84% interest in the share capital of Blugento S.A. Recognition of the Write-off will reduce the cyber_Folks Group’s operating profit for Q3 2024 by PLN 3,9 million and net profit attributable to the parent company by PLN 1,8 million. The Write-off has no impact on EBITDA and, due to its non-cash nature, has no impact on cash flows.
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