Genius Group Ltd

Going Concern

Pursuant to IAS 1, Presentation of Financial Statements, the Company is required to evaluate, at each annual and interim reporting date, whether conditions or events, considered in the aggregate, raise substantial doubt about its ability to continue as a going concern within one year after the date on which the financial statements are issued. The Group incurred net loss of US$3.98 million and generated cash flows from operations of US$6.66 million during the period ended June 30, 2026. As of June 30, 2026 the Group’s current liabilities of $14.91 million exceeded its current assets of $10.10 million, and the Group had accumulated losses of US$141.68 million. On that basis, management has determined that, without additional capital being raised in the next twelve months, there is substantial doubt about the Company’s ability to continue as a going concern.

The Company’s unaudited consolidated financial statements as of June 30, 2026 have been prepared on a going concern basis. Although the Company has taken, and plans to continue to take, proactive measures to strengthen its liquidity position and provide additional financial flexibility, including the capital plan announced on August 27, 2026 and discussions with lenders and bankers, there can be no assurance that these measures, including their timing and terms, will be successful or sufficient.