41369744 2024-07-01 2025-06-30 cmn:ConsolidatedMember 41369744 2024-07-01 2025-06-30 2 cmn:ConsolidatedMember 41369744 2024-07-01 2025-06-30 memberOfBoardIdentifier_executive_board_1 41369744 2024-07-01 2025-06-30 memberOfBoardIdentifier_executive_board_2 41369744 2024-07-01 2025-06-30 memberOfBoardIdentifier_board_of_director_1 41369744 2024-07-01 2025-06-30 memberOfBoardIdentifier_board_of_director_2 41369744 2024-07-01 2025-06-30 memberOfBoardIdentifier_board_of_director_3 41369744 2024-07-01 2025-06-30 memberOfBoardIdentifier_board_of_director_4 41369744 2024-07-01 2025-06-30 memberOfBoardIdentifier_board_of_director_5 41369744 2024-07-01 2025-06-30 memberOfBoardIdentifier_board_of_director_6 41369744 2024-07-01 2025-06-30 1 cmn:ConsolidatedMember 41369744 2022-07-01 2023-06-30 cmn:ConsolidatedMember 41369744 2021-07-01 2022-06-30 cmn:ConsolidatedMember 41369744 2023-06-30 cmn:ConsolidatedMember 41369744 2022-06-30 cmn:ConsolidatedMember 41369744 2023-07-01 2024-06-30 cmn:ConsolidatedMember 41369744 2024-07-01 2025-06-30 41369744 2023-07-01 2024-06-30 41369744 2025-06-30 cmn:ConsolidatedMember 41369744 2024-06-30 cmn:ConsolidatedMember 41369744 2025-06-30 41369744 2024-06-30 41369744 2024-07-01 cmn:ConsolidatedMember fsa:ContributedCapitalMember 41369744 2024-07-01 cmn:ConsolidatedMember fsa:RetainedEarningsMember 41369744 2024-07-01 cmn:ConsolidatedMember fsa:EquityAttributableToParentMember 41369744 2024-07-01 cmn:ConsolidatedMember fsa:MinorityInterestsMember 41369744 2024-07-01 cmn:ConsolidatedMember 41369744 2024-07-01 2025-06-30 fsa:ContributedCapitalMember cmn:ConsolidatedMember 41369744 2024-07-01 2025-06-30 fsa:RetainedEarningsMember cmn:ConsolidatedMember 41369744 2024-07-01 2025-06-30 fsa:EquityAttributableToParentMember cmn:ConsolidatedMember 41369744 2024-07-01 2025-06-30 fsa:MinorityInterestsMember cmn:ConsolidatedMember 41369744 2025-06-30 cmn:ConsolidatedMember fsa:ContributedCapitalMember 41369744 2025-06-30 cmn:ConsolidatedMember fsa:RetainedEarningsMember 41369744 2025-06-30 cmn:ConsolidatedMember fsa:EquityAttributableToParentMember 41369744 2025-06-30 cmn:ConsolidatedMember fsa:MinorityInterestsMember 41369744 2024-07-01 fsa:ContributedCapitalMember 41369744 2024-07-01 fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 41369744 2024-07-01 fsa:ReserveForDevelopmentExpenditureMember 41369744 2024-07-01 fsa:RetainedEarningsMember 41369744 2024-07-01 41369744 2024-07-01 2025-06-30 fsa:ContributedCapitalMember 41369744 2024-07-01 2025-06-30 fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 41369744 2024-07-01 2025-06-30 fsa:ReserveForDevelopmentExpenditureMember 41369744 2024-07-01 2025-06-30 fsa:RetainedEarningsMember 41369744 2025-06-30 fsa:ContributedCapitalMember 41369744 2025-06-30 fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 41369744 2025-06-30 fsa:ReserveForDevelopmentExpenditureMember 41369744 2025-06-30 fsa:RetainedEarningsMember 41369744 2023-07-01 cmn:ConsolidatedMember 41369744 2024-07-01 cmn:ConsolidatedMember fsa:CompletedDevelopmentProjectsMember 41369744 2024-07-01 cmn:ConsolidatedMember fsa:DevelopmentProjectsInProgressMember 41369744 2024-07-01 fsa:CompletedDevelopmentProjectsMember 41369744 2024-07-01 fsa:DevelopmentProjectsInProgressMember 41369744 2024-07-01 2025-06-30 cmn:ConsolidatedMember fsa:CompletedDevelopmentProjectsMember 41369744 2024-07-01 2025-06-30 cmn:ConsolidatedMember fsa:DevelopmentProjectsInProgressMember 41369744 2024-07-01 2025-06-30 fsa:CompletedDevelopmentProjectsMember 41369744 2024-07-01 2025-06-30 fsa:DevelopmentProjectsInProgressMember 41369744 2025-06-30 cmn:ConsolidatedMember fsa:CompletedDevelopmentProjectsMember 41369744 2025-06-30 cmn:ConsolidatedMember fsa:DevelopmentProjectsInProgressMember 41369744 2025-06-30 fsa:CompletedDevelopmentProjectsMember 41369744 2025-06-30 fsa:DevelopmentProjectsInProgressMember 41369744 2024-07-01 fsa:FixturesFittingsToolsAndEquipmentMember cmn:ConsolidatedMember 41369744 2024-07-01 2025-06-30 fsa:FixturesFittingsToolsAndEquipmentMember cmn:ConsolidatedMember 41369744 2025-06-30 fsa:FixturesFittingsToolsAndEquipmentMember cmn:ConsolidatedMember 41369744 2024-07-01 fsa:InvestmentsInGroupEnterprisesMember 41369744 2023-07-01 fsa:InvestmentsInGroupEnterprisesMember 41369744 2024-07-01 2025-06-30 fsa:InvestmentsInGroupEnterprisesMember 41369744 2023-07-01 2024-06-30 fsa:InvestmentsInGroupEnterprisesMember 41369744 2025-06-30 fsa:InvestmentsInGroupEnterprisesMember 41369744 2024-06-30 fsa:InvestmentsInGroupEnterprisesMember 41369744 2024-07-01 2025-06-30 relatedEntityIdentifier_sub_1 fsa:SubsidiaryMember 41369744 2025-06-30 relatedEntityIdentifier_sub_1 fsa:SubsidiaryMember 41369744 2024-07-01 2025-06-30 relatedEntityIdentifier_sub_2 fsa:SubsidiaryMember 41369744 2025-06-30 relatedEntityIdentifier_sub_2 fsa:SubsidiaryMember 41369744 2024-07-01 2025-06-30 relatedEntityIdentifier_sub_3 fsa:SubsidiaryMember 41369744 2025-06-30 relatedEntityIdentifier_sub_3 fsa:SubsidiaryMember 41369744 2024-07-01 2025-06-30 relatedEntityIdentifier_sub_4 fsa:SubsidiaryMember 41369744 2025-06-30 relatedEntityIdentifier_sub_4 fsa:SubsidiaryMember 41369744 2024-07-01 2025-06-30 relatedEntityIdentifier_sub_5 fsa:SubsidiaryMember 41369744 2025-06-30 relatedEntityIdentifier_sub_5 fsa:SubsidiaryMember 41369744 2024-07-01 2025-06-30 relatedEntityIdentifier_sub_6 fsa:SubsidiaryMember 41369744 2025-06-30 relatedEntityIdentifier_sub_6 fsa:SubsidiaryMember 41369744 2024-07-01 2025-06-30 relatedEntityIdentifier_sub_7 fsa:SubsidiaryMember 41369744 2025-06-30 relatedEntityIdentifier_sub_7 fsa:SubsidiaryMember 41369744 2024-07-01 cmn:ConsolidatedMember fsa:InvestmentsInAssociatesMember 41369744 2023-07-01 cmn:ConsolidatedMember fsa:InvestmentsInAssociatesMember 41369744 2024-07-01 fsa:InvestmentsInAssociatesMember 41369744 2023-07-01 fsa:InvestmentsInAssociatesMember 41369744 2024-07-01 2025-06-30 cmn:ConsolidatedMember fsa:InvestmentsInAssociatesMember 41369744 2023-07-01 2024-06-30 cmn:ConsolidatedMember fsa:InvestmentsInAssociatesMember 41369744 2024-07-01 2025-06-30 fsa:InvestmentsInAssociatesMember 41369744 2023-07-01 2024-06-30 fsa:InvestmentsInAssociatesMember 41369744 2025-06-30 cmn:ConsolidatedMember fsa:InvestmentsInAssociatesMember 41369744 2024-06-30 cmn:ConsolidatedMember fsa:InvestmentsInAssociatesMember 41369744 2025-06-30 fsa:InvestmentsInAssociatesMember 41369744 2024-06-30 fsa:InvestmentsInAssociatesMember 41369744 2024-07-01 2025-06-30 relatedEntityIdentifier_ass_1 fsa:AssociateMember cmn:ConsolidatedMember 41369744 2025-06-30 relatedEntityIdentifier_ass_1 fsa:AssociateMember 41369744 2024-07-01 2025-06-30 relatedEntityIdentifier_ass_2 fsa:AssociateMember cmn:ConsolidatedMember 41369744 2025-06-30 relatedEntityIdentifier_ass_2 fsa:AssociateMember 41369744 2024-07-01 2025-06-30 relatedEntityIdentifier_ass_3 fsa:AssociateMember cmn:ConsolidatedMember 41369744 2025-06-30 relatedEntityIdentifier_ass_3 fsa:AssociateMember 41369744 2024-07-01 cmn:ConsolidatedMember fsa:DepositsLongtermInvestmentsAndReceivablesMember 41369744 2024-07-01 2025-06-30 cmn:ConsolidatedMember fsa:DepositsLongtermInvestmentsAndReceivablesMember 41369744 2025-06-30 cmn:ConsolidatedMember fsa:DepositsLongtermInvestmentsAndReceivablesMember iso4217:DKK pure xbrli:pure Årsrapport 33771231 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Strandvejen 44 2900 Hellerup 2024-07-01 2023-07-01 2025-06-30 2024-06-30 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab 33771231 Regnskabsklasse C, mellemstor virksomhed Revisionspåtegning true 2025-09-30 Per Lønborg-Andersen The Executive Board and Board of Directors have today considered and adopted the Annual Report of OMT Group A/S for the financial year 1 July 2024 - 30 June 2025. The Annual Report is prepared in accordance with the Danish Financial Statements Act. In our opinion the Financial Statements and the Consolidated Financial Statements give a true and fair view of the financial position at 30 June 2025 of the Company and the Group and of the results of the Company and Group operations and of consolidated cash flows for 2024/25. In our opinion, Management's Review includes a true and fair account of the matters addressed in the Review. We recommend that the Annual Report be adopted at the Annual General Meeting. Copenhagen 2025-09-30 Peter Kåre Groes Christiansen Thomas Knudsen CEO Poul Præstegaard Skadhede Thomas Knudsen Peter Kåre Groes Christiansen Chairman Nils Christian Wang Henrik Dam Kristensen Ola Alfredsson To the shareholders of OMT Group A/S Opinion In our opinion, the Consolidated Financial Statements and the Parent Company Financial Statements give a true and fair view of the financial position of the Group and the Parent Company at 30 June 2025 and of the results of the Group’s and the Parent Company’s operations as well as of the consolidated cash flows for the financial year 1 July 2024 - 30 June 2025 in accordance with the Danish Financial Statements Act.We have audited the Consolidated Financial Statements and the Parent Company Financial Statements of OMT Group A/S for the financial year 1 July 2024 - 30 June 2025, which comprise income statement, balance sheet, statement of changes in equity and notes, including a summary of significant accounting policies, for both the Group and the Parent Company, as well as consolidated statement of cash flows (”the Financial Statements”). Basis for Opinion We conducted our audit in accordance with International Standards on Auditing (ISAs) and the additional requirements applicable in Denmark. Our responsibilities under those standards and requirements are further described in the ”Auditor’s responsibilities for the audit of the Financial Statements” section of our report. We are independent of the Group in accordance with the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (IESBA Code) and the additional ethical requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Management is responsible for Management’s Review.Our opinion on the Financial Statements does not cover Management’s Review, and we do not express any form of assurance conclusion thereon.In connection with our audit of the Financial Statements, our responsibility is to read Management’s Review and, in doing so, consider whether Management’s Review is materially inconsistent with the Financial Statements or our knowledge obtained during the audit, or otherwise appears to be materially misstated.Moreover, it is our responsibility to consider whether Management’s Review provides the information required under the Danish Financial Statements Act.Based on the work we have performed, in our view, Management’s Review is in accordance with the Consolidated Financial Statements and the Parent Company Financial Statements and has been prepared in accordance with the requirements of the Danish Financial Statements Act. We did not identify any material misstatement in Management’s Review. Management is responsible for the preparation of consolidated financial statements and parent company financial statements that give a true and fair view in accordance with the Danish Financial Statements Act, and for such internal control as Management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.In preparing the Financial Statements, Management is responsible for assessing the Group’s and the Parent Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting in preparing the Financial Statements unless Management either intends to liquidate the Group or the Parent Company or to cease operations, or has no realistic alternative but to do so. Our objectives are to obtain reasonable assurance about whether the Financial Statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Financial Statements.As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark, we exercise professional judgement and maintain professional scepticism throughout the audit. We also:Identify and assess the risks of material misstatement of the Financial Statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group’s and the Parent Company’s internal control.Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Management.Conclude on the appropriateness of Management’s use of the going concern basis of accounting in preparing the Financial Statements and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group’s and the Parent Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the Financial Statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Group and the Parent Company to cease to continue as a going concern.Evaluate the overall presentation, structure and contents of the Financial Statements, including the disclosures, and whether the Financial Statements represent the underlying transactions and events in a manner that gives a true and fair view.Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the group as a basis for forming an opinion on the Consolidated Financial Statements and the Parent Company Financial Statements. We are responsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion.We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Hellerup 2025-09-30 PricewaterhouseCoopersStatsautoriseret Revisionspartnerselskab 33771231 Jacob F Christiansen Kim Danstrup State Authorised Public Accountant State Authorised Public Accountant mne18628 mne32201 OMT Group A/S Sverigesgade 4 5000 Odense C 41369744 Odense Strandvejen 44 2900 Hellerup Seen over a 4-year period, the development of the Group is described by the following financial highlights:Cash flows from: 211324000 133481000 68550000 78099000 -2557000 -138000 50116000 60765000 184612000 207405000 1199000 0 0 0 87053000 83505000 52278000 85137000 -2671000 -9634000 -46568000 -6831000 3039000 68672000 104 81 67 37 0.561 0.596 0.582 0.730 0.262 0.315 0.324 0.585 0.234 0.407 0.371 0.377 0.287 0.446 0.472 0.403 0.700 0.679 0.588 1.454 Key activitiesOMT Group A/S (“Group”) is the premium maritime consulting firm in Europe with a core focus on delivering smart maritime defence solutions and has extensive fields of expertise within engineering, procurement, construction, and operations within the maritime sector.The Group develops and markets Intellectual Property Rights (IPR) solutions and licenses to Intellectual Property Rights (IPR Licenses) related to ship design within the maritime sector.The Group also markets advisory services within its fields of expertise to the maritime industry.The Group operates globally serving Navies, shipowners, and shipyards, and is a global leader in its niches.The OMT Group is proud to be an active participant in Danske Flådeskibe K/S, a consortium created to perform the task of designing, building and maintaining the new modern naval vessels of the Royal Danish Navy. The project is in its early phase and currently with limited profitability impacts.The OMT Group's activities consist of the parent company OMT Group A/S and 7 subsidiaries.Development in the yearThe income statement of the Group for 2024/25 shows a profit of TDKK 72,085, and at 30 June 2025 the balance sheet of the Group shows equity of TDKK 112,840.Management finds the results satisfactory and in accordance with the expectations from last year, which included an increase in profit before tax of 0 - 10%.The subsidiaries' activities in the yearOMT Group A/S has continued to invest in business development (product development and marketing) and continued to deliver several projects in APAC and Europe. The result has developed positively compared to last year and has exceeded expectations. OMT Group markets Intellectual Property Rights (IPR) solutions and licenses) related to ship design within the maritime sector.OMT S4DK, OMT F4DK, OMT S4SG and OMT Technologies all deliver IPR based solution projects. These subsidiaries have increased activities during the year and are expected to continue to do so going forward.OMT Projects delivers minor projects within both solutions and advisory and has had increased activity during the year.OMT People delivers services to the other companies in the Group.IHAB Business Development do not own any Intellectual Property Rights (IPR) but manages a small subset of the IPR in the Group. IHAB do not market this IPR independently of OMT Group.Targets and expectations for the year aheadBased on the planned and expected activities in the Group, Management expects a substantial increase in revenue and an increase in profit before tax of 5-15%.Our employeesThe Group’s continued success is conditioned by its ability to attract, develop, and retain the most skilled talents in the industry.Our employees are our main knowledge resources, and the highly qualified staff is important to the business going forward. We make high demands of our employees, and it is essential that we can offer a challenging career platform in which competence, development and flexibility are in focus.We are therefore proud to have employees that are among the best in Scandinavia. Developing our employees' digital competences is a particular top priority for us.Foreign exchange risksThe Group have implemented a currency hedging programme to reduce the exchange rate risks in connection with relevant sales.Research and developmentBeing at the forefront of the technology development within our fields of expertise is a key objective of the Group. This is done inhouse by developing key technologies and designs, externally together with customers by developing specific solutions to meet the stated requirements and by participating in government funded development projects.External environmentAs a knowledge-based Group, our climate footprint is relatively limited, but we nevertheless believe that caring for the environment is a natural part of running a business. We therefore always aim to reducing the negative effect on the environment from our business activities. We also place huge emphasis on – whenever possible – reducing the climate footprint of the final products and solutions that it is constructed based on our designs and advice.Uncertainty relating to recognition and measurementThe Group is exposed to a specialized market and involved in several large long-term deliveries within both solutions and advisory, why the Financial Statements include uncertainty relating to recognition and measurement, which is further described in note 1, to which we refer.Subsequent eventsNo events materially affecting the assessment of the Annual Report have occurred after the balance sheet date, other than those described in note 24. 350273000 270112000 30938000 67264000 153666000 108997000 9087000 30192000 196607000 161115000 21851000 37072000 101919000 73280000 0 0 2767000 2716000 1186000 1216000 91921000 85119000 20665000 35856000 0 0 55574000 38066000 263000 -6496000 263000 -6496000 2685000 2328000 1891000 1097000 816000 280000 1184000 335000 94053000 80671000 77209000 68188000 21968000 19469000 5124000 8326000 72085000 61202000 72085000 59862000 12379000 15065000 6254000 7440000 4076000 0 6215000 0 16455000 15065000 12469000 7440000 1118000 0 0 0 1118000 0 0 0 0 0 78569000 78186000 10222000 4959000 10222000 4959000 1000000 673000 0 0 11222000 5632000 88791000 83145000 28795000 20697000 101260000 90585000 71019000 36431000 0 0 1342000 2359000 0 0 0 6552000 62888000 29606000 6914000 1505000 152000 134000 15571000 15541000 4170000 4538000 140724000 2556000 14000 0 235570000 64944000 67224000 34278000 128402000 123459000 3464000 10574000 363972000 188403000 70688000 44852000 392767000 209100000 171948000 135437000 400000 400000 400000 400000 0 0 25778000 29824000 0 0 9726000 5803000 112440000 90238000 76936000 54611000 112840000 90638000 112840000 90638000 0 2617000 0 0 112840000 93255000 112840000 90638000 0 0 14393000 12201000 97138000 81421000 29280000 28066000 97138000 81421000 43673000 40267000 16194000 11466000 2808000 1285000 150811000 7235000 0 0 881000 2021000 11463000 285000 4643000 5674000 1164000 2463000 10260000 8028000 0 499000 182789000 34424000 15435000 4532000 182789000 34424000 15435000 4532000 392767000 209100000 171948000 135437000 400000 90238000 90638000 2617000 93255000 0 50000000 50000000 0 50000000 0 -117000 -117000 2617000 2500000 0 72085000 72085000 0 72085000 400000 112440000 112840000 0 112840000 400000 29824000 5803000 54611000 90638000 0 0 0 50000000 50000000 0 0 0 117000 117000 0 0 3923000 -3923000 0 0 -4046000 0 76131000 72085000 400000 25778000 9726000 76936000 112840000 72085000 61202000 22603000 26633000 -4670000 38488000 90018000 126323000 2685000 2328000 816000 280000 91887000 128371000 23029000 38489000 68858000 89882000 4076000 0 1199000 0 5000000 0 0 4000000 -10275000 4000000 1140000 11281000 2500000 0 50000000 55000000 -53640000 -66281000 4943000 27601000 123459000 95858000 128402000 123459000 Cash and cash equivalents are specified as follows: 128402000 123459000 128402000 123459000 The Group is involved in several large long-term deliveries within both solutions and advisory, this makes the project, risk, and financial management critical. It also involves a special risk regarding the evaluation and presentation of these projects in the financial reporting for the Group, as the expected outlook for such projects can change significantly over the project period. Recognition and measurement regarding work in progress is complex in nature and hence the Financial Statements hold uncertainties regarding recognition and measurement in this area.The Group’s liabilities and obligations has been assessed by management and in the relevant situations, provisions have been made in the annual report to cover these liabilities and obligations. Provisions relate to future estimates regarding warranties and other obligations and are uncertain by nature. The result for the financial year 2023/24 included special items recognised in revenue of DKK 109,528 thousand relating to a one-off license payment received and a provision recognised in other external expenses of DKK 39,514 thousand for warranty obligations relating to license fee received. The results for the financial year 2024/25 were not affected by unusual conditions. 98926000 72437000 0 0 0 1000 0 0 604000 536000 0 0 2389000 306000 0 0 101919000 73280000 0 0 2827000 1358000 0 0 104 81 0 0 Remuneration to the Executive Board and Board of directors has been disclosed together in accordance with section 98 B(3) of the Danish Financial Statements Act. 2686000 2716000 1186000 1216000 81000 0 0 0 2767000 2716000 1186000 1216000 Share of profits57,71338,066Elimination of internal profit-2,139055,57438,066 0 0 1677000 201000 2685000 2328000 214000 896000 2685000 2328000 1891000 1097000 0 0 1117000 132000 816000 280000 67000 203000 816000 280000 1184000 335000 21597000 28293000 4124000 8611000 -242000 -9113000 368000 -561000 401000 132000 632000 276000 212000 157000 0 0 21968000 19469000 5124000 8326000 50000000 55000000 50000000 55000000 0 0 -4046000 29824000 0 1340000 0 0 22085000 4862000 26131000 -24962000 24312000 0 9313000 0 0 4076000 0 6215000 24312000 4076000 9313000 6215000 9247000 0 1873000 0 2686000 0 1186000 0 11933000 0 3059000 0 12379000 4076000 6254000 6215000 10 years10 yearsIn relation to development projects, external directly attributable costs and as well as direct payroll cost (with addition of non-allocated internal costs related to IT etc.) are capitalized. 0 1199000 1199000 0 81000 81000 1118000 3-5 years 23980000 23777000 2500000 203000 26480000 23980000 42005000 3939000 57713000 38066000 60000000 0 -2139000 0 117000 0 37696000 42005000 14393000 12201000 78569000 78186000 Investments in subsidiaries are specified as follows:TDKK 40TDKK 40TDKK 40TDKK 40TDKK 40TDKK 100TDKK 100Investments in associates are specified as follows:TDKK 45,000TDKK 420TDKK 1,000 OMT S4DK ApS Denmark 1.00 OMT F4DK ApS Denmark 1.00 OMT S4SG ApS Denmark 1.00 OMT Projects ApS Denmark 1.00 OMT People ApS Denmark 1.00 OMT Technologies ApS Denmark 1.00 IHAB Business Development ApS Denmark 1.00 17140000 17140000 17140000 17140000 5000000 0 5000000 0 22140000 17140000 22140000 17140000 -12181000 -5684000 -12181000 -5684000 263000 -6497000 263000 -6497000 -11918000 -12181000 -11918000 -12181000 10222000 4959000 10222000 4959000 Danske Flådeskibe K/S Denmark 0.33 Komplementarselskabet Danske Flådeskibe A/S Denmark 0.33 CUBEDIN A/S Denmark 0.50 673000 327000 1000000 1000000 The following receivables fall due for payment more than 1 year after year end:Trade receivables08,7970008,79700 Selling price of work in progress213,67980,49300Payments received on account-363,148-85,36900-149,469-4,87600Recognised in the balance sheet as follows:Contract work in progress recognised in assets1,3422,35900Prepayments received recognised in debt-150,811-7,23500-149,469-4,87600 Deferred tax asset at 1 July15,5416,5854,5383,976Amounts recognised in the income statement concerning previous year-212-15701Amounts recognised in the income statement for the year2429,113-368561Deferred tax asset at 30 June15,57115,5414,1704,538Deferred tax relates primarily to temporary differences from provisions. The net asset is expected to be utilised within a short time period. Prepayments comprise prepaid expenses concerning rent, insurance premiums, subscriptions, interest and prepayments made to subcontractors. Other provisions97,13881,42129,28028,06697,13881,42129,28028,066The provisions are expected to mature as follows:Between 1 and 5 years97,13881,42129,28028,066After 5 years000097,13881,42129,28028,066 2685000 2328000 816000 280000 2767000 2716000 263000 -6496000 21968000 19469000 22603000 26633000 -170923000 -1143000 15717000 40850000 -150536000 1219000 -4670000 38488000 Rental and lease obligationsLease obligations under operating leases. Total future lease payments:Within 1 year2,5372,42600Between 1 and 5 years3,1423,093005,6795,51900Other contingent liabilitiesThe Parent Company has uncalled capital contributions of DKK 8 million.The Parent Company has provided a payment guarantee of DKK 149 million to one of its subsidiaries' customers in connection with a contract. The guarantee is valid until 31 December 2025.The Danish group companies are jointly and severally liable for tax on the jointly taxed incomes etc of the Group. The total amount of corporation tax payable is disclosed in the Annual Report of V Business Development A/S, which is the management company of the joint taxation purposes. Moreover, the Danish group companies are jointly and severally liable for Danish withholding taxes by way of dividend tax, tax on royalty payments and tax on unearned income. Any subsequent adjustments of corporation taxes and withholding taxes may increase the Company’s liability.The Parent Company has provided a letter of support to one of its subsidiaries, with a negative equity of DKK 22 thousand. The guarantee is valid until 30 June 2026. Controlling interestV Business Development A/S, CopenhagenMajority ownerTransactionsThe Company has chosen only to disclose transactions which have not been made on an arm's length basis in accordance with section 98(c)(6) of the Danish Financial Statements Act. On 29 July 2025, subsidiaries OMT S4DK ApS, OMT F4DK ApS and OMT Technologies ApS received group contributions from OMT Group A/S amounting to DKK 48,200 thousand, DKK 8,000 thousand and DKK 6,000 thousand. No other events materially affecting the assessment of the Annual Report have occurred after the balance sheet date. The Annual Report of OMT Group A/S for 2024/25 has been prepared in accordance with the provisions of the Danish Financial Statements Act applying to medium-sized enterprises of reporting class C.The accounting policies applied remain unchanged from last year.The Consolidated Financial Statements and the Parent Company Financial Statements for 2024/25 are presented in TDKK. Recognition and measurementRevenues are recognised in the income statement as earned. Furthermore, value adjustments of financial assets and liabilities measured at fair value or amortised cost are recognised. Moreover, all expenses incurred to achieve the earnings for the year are recognised in the income statement, including depreciation, amortisation, impairment losses and provisions as well as reversals due to changed accounting estimates of amounts that have previously been recognised in the income statement.Assets are recognised in the balance sheet when it is probable that future economic benefits attributable to the asset will flow to the Company, and the value of the asset can be measured reliably.Liabilities are recognised in the balance sheet when it is probable that future economic benefits will flow out of the Company, and the value of the liability can be measured reliably.Assets and liabilities are initially measured at cost. Subsequently, assets and liabilities are measured as described for each item below. Basis of consolidationThe Consolidated Financial Statements comprise the Parent Company, OMT Group A/S, and subsidiaries in which the Parent Company directly or indirectly holds more than 50% of the votes or in which the Parent Company, through share ownership or otherwise, exercises control. Enterprises in which the Group holds between 20% and 50% of the votes and exercises significant influence but not control are classified as associates.On consolidation, items of a uniform nature are combined. Elimination is made of intercompany income and expenses, shareholdings, dividends and accounts as well as of realised and unrealised profits and losses on transactions between the consolidated enterprises.The Parent Company's investments in the consolidated subsidiaries are set off against the Parent Company's share of the net asset value of subsidiaries stated at the time of consolidation. Business combinationsBusiness acquisitionsAcquisitions of subsidiaries are accounted for using the purchase method under which the identifiable assets and liabilities of the entity acquired are measured at fair value at the time of acquisition. Acquired contingent liabilities are recognised at fair value in the Consolidated Financial Statements to the extent that the value can be measured reliably.The time of acquisition is the time when the Group obtains control of the entity acquired.The cost of the entity acquired is the fair value of the consideration agreed, including consideration contingent on future events. Transaction costs directly attributable to the acquisition of subsidiaries are recognised in the income statement as incurred.Positive differences between the cost of the entity acquired and identifiable assets and liabilities are recognised as goodwill in intangible assets in the balance sheet and are amortised in the income statement on a straight-line basis over their estimated useful lives. Where the differences are negative, they are recognised immediately in the income statement.Where the purchase price allocation is not final, positive and negative differences from acquired subsidiaries due to changes to the recognition and measurement of identifiable net assets may be adjusted for up to 12 months after the time of acquisition. These adjustments are also reflected in the value of goodwill or negative goodwill, including in amortisation already made.Where cost includes contingent consideration, this is measured at fair value at the time of acquisition. Contingent consideration is subsequently measured at fair value. Any value adjustments are recognised in the income statement.In respect of step acquisitions, any previously held investments in the entity acquired are remeasured at fair value at the time of acquisition. The difference between the carrying amount of the investment previously held and the fair value is recognised in the income statement.Pooling of interestsIntragroup business combinations are accounted for under the pooling-of-interests method. Under this method, the two enterprises are combined at carrying amounts, and no differences are identified. Any consideration which exceeds the carrying amount of the acquired enterprise is recognised directly in equity. The pooling-of-interests method is applied at the date of acquisition, and comparative figures have not been restated. Minority interestsMinority interests form part of the Group's total equity. Upon distribution of net profit, net profit is broken down on the share attributable to minority interests and the share attributable to the shareholders of the Parent Company. Minority interests are recognised on the basis of a remeasurement of acquired assets and liabilities to fair value at the time of acquistition of subsidiaries.Business acquisitionsMinority interests are initially measured at their proportionate share of the fair value of the acquired entity’s identifiable net assets. In this way, only goodwill related to the Parent Company’s share of the entity acquired is recognised.On subsequent changes to minority interests where the Group retains control of the subsidiary, the consideration is recognised directly in equity. Translation policiesTransactions in foreign currencies are translated at the exchange rates at the dates of transaction. Exchange differences arising due to differences between the transaction date rates and the rates at the dates of payment are recognised in financial income and expenses in the income statement. Where foreign exchange transactions are considered hedging of future cash flows, the value adjustments are recognised directly in equity.Receivables, payables and other monetary items in foreign currencies that have not been settled at the balance sheet date are translated at the exchange rates at the balance sheet date. Any differences between the exchange rates at the balance sheet date and the rates at the time when the receivable or the debt arose are recognised in financial income and expenses in the income statement.Fixed assets acquired in foreign currencies are measured at the transaction date rates. RevenueRevenue from the sale of goods is recognised when the risks and rewards relating to the goods sold have been transferred to the purchaser, the revenue can be measured reliably and it is probable that the economic benefits relating to the sale will flow to the Group.Contract work in progress (construction contracts) is recognised at the rate of completion, which means that revenue equals the selling price of the work completed for the year (percentage-of-completion method). This method is applied when total revenues and expenses in respect of the contract and the stage of completion at the balance sheet date can be measured reliably, and it is probable that the economic benefits, including payments, will flow to the Group. The stage of completion is determined on the basis of the ratio between the expenses incurred and the total expected expenses of the contract.Services are recognised at the rate of completion of the service to which the contract relates by using the percentage-of-completion method, which means that revenue equals the selling price of the service completed for the year. This method is applied when total revenues and expenses in respect of the service and the stage of completion at the balance sheet date can be measured reliably, and it is probable that the economic benefits, including payments, will flow to the Group. The stage of completion is determined on the basis of the ratio between the expenses incurred and the total expected expenses of the service.Revenue is measured at the consideration received and is recognised exclusive of VAT and net of discounts relating to sales. Other external expensesOther external expenses comprise indirect production costs and expenses for premises, sales as well as office expenses, etc. Staff expenses comprise wages and salaries as well as payroll expenses. Amortisation, depreciation and impairment lossesAmortisation, depreciation and impairment losses comprise amortisation, depreciation and impairment of intangible assets and property, plant and equipment. Income from investments in subsidiaries and associatesThe items “Income from investments in subsidiaries” and “Income from investments in associates” in the income statement include the proportionate share of the profit for the year. Financial income and expenses are recognised in the income statement at the amounts relating to the financial year. Tax on profit/loss for the yearTax for the year consists of current tax for the year and changes in deferred tax for the year. The tax attributable to the profit for the year is recognised in the income statement, whereas the tax attributable to equity transactions is recognised directly in equity.The Company is jointly taxed with wholly owned Danish and foreign subsidiaries. The tax effect of the joint taxation is allocated to enterprises in proportion to their taxable incomes. Intangible fixed assetsPatents and licences are measured at the lower of cost less accumulated amortisation and recoverable amount. Patents are amortised over the remaining patent period, and licences are amortised over the licence period; however not exceeding 10 years.Development costs and costs relating to rights developed by the Company are recognised in the income statement as costs in the year of acquisition. Property, plant and equipment are measured at cost less accumulated depreciation and less any accumulated impairment losses.Cost comprises the cost of acquisition and expenses directly related to the acquisition up until the time when the asset is ready for use. Interest expenses on loans contracted directly for financing the construction of property, plant and equipment are recognised in cost over the construction period.Depreciation based on cost reduced by any residual value is calculated on a straight-line basis over the expected useful lives of the assets, which are:Other fixtures and fittings, tools and equipment3-5 years The fixed assets’ residual values are determined at nil.Depreciation period and residual value are reassessed annually. Impairment of fixed assetsThe carrying amounts of intangible assets and property, plant and equipment are reviewed on an annual basis to determine whether there is any indication of impairment other than that expressed by amortisation and depreciation.If so, the asset is written down to its lower recoverable amount. Investments in subsidiaries and associatesInvestments in subsidiaries and associates are recognised and measured under the equity method.The items “Investments in subsidiaries” and “Investments in associates” in the balance sheet include the proportionate ownership share of the net asset value of the enterprises calculated on the basis of the fair values of identifiable net assets at the time of acquisition with deduction or addition of unrealised intercompany profits or losses and with addition of the remaining value of any increases in value and goodwill calculated at the time of acquisition of the enterprises.The total net revaluation of investments in subsidiaries and associates is transferred upon distribution of profit to “Reserve for net revaluation under the equity method“ under equity. The reserve is reduced by dividend distributed to the Parent Company and adjusted for other equity movements in the subsidiaries and the associates.Subsidiaries and associates with a negative net asset value are recognised at DKK 0. Any legal or constructive obligation of the Parent Company to cover the negative balance of the enterprise is recognised in provisions. Other fixed asset investments consist of deposits and securities, which includes pledged cash and cash equivalents. Receivables are measured in the balance sheet at the lower of amortised cost and net realisable value, which corresponds to nominal value less provisions for bad debts. Contract work in progressContract work in progress is measured at selling price of the work performed calculated on the basis of the stage of completion. The stage of completion is measured by the proportion that the contract expenses incurred to date bear to the estimated total contract expenses. Where it is probable that total contract expenses will exceed total revenues from a contract, the expected loss is recognised as an expense in the income statement.Where the selling price cannot be measured reliably, the selling price is measured at the lower of expenses incurred and net realisable value.Payments received on account are set off against the selling price. The individual contracts are classified as receivables when the net selling price is positive and as liabilities when the net selling price is negative.Expenses relating to sales work and the winning of contracts are recognised in the income statement as incurred. PrepaymentsPrepayments comprise prepaid expenses concerning rent, insurance premiums, subscriptions and interest. Treasury sharesPurchase and sales prices for treasury shares are recognised directly in retained earnings under equity. A reduction of capital by cancellation of treasury shares reduces the share capital by an amount equal to the nominal value of the shares and increases retained earnings. Dividend on treasury shares is recognised directly in equity under retained earnings. ProvisionsProvisions are recognised when - in consequence of an event occurred before or on the balance sheet date - the Group has a legal or constructive obligation and it is probable that economic benefits must be given up to settle the obligation.Other provisions include warranty obligations in respect of repair work within the warranty period of 1-5 years. Provisions are measured and recognised based on experience with guarantee work. Deferred tax assets and liabilitiesDeferred income tax is measured using the balance sheet liability method in respect of temporary differences arising between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes on the basis of the intended use of the asset and settlement of the liability, respectively.Deferred tax assets, including the tax base of tax loss carry-forwards, are measured at the value at which the asset is expected to be realised, either by elimination in tax on future earnings or by set-off against deferred tax liabilities within the same legal tax entity.Deferred tax is measured on the basis of the tax rules and tax rates that will be effective under the legislation at the balance sheet date when the deferred tax is expected to crystallise as current tax. Any changes in deferred tax due to changes to tax rates are recognised in the income statement or in equity if the deferred tax relates to items recognised in equity. Current tax receivables and liabilitiesCurrent tax liabilities and receivables are recognised in the balance sheet as the expected taxable income for the year adjusted for tax on taxable incomes for prior years and tax paid on account. Extra payments and repayment under the on-account taxation scheme are recognised in the income statement in financial income and expenses. Debts are measured at amortised cost, substantially corresponding to nominal value. With reference to section 86(4) of the Danish Financial Statements Act, the Parent Company has not prepared a cash flow statement for the Company itself but has only prepared a cash flow statement for the Group.The cash flow statement shows the Group’s cash flows for the year broken down by operating, investing and financing activities, changes for the year in cash and cash equivalents as well as the Group’s cash and cash equivalents at the beginning and end of the year.Cash flows from operating activitiesCash flows from operating activities are calculated as the net profit/loss for the year adjusted for changes in working capital and non-cash operating items such as depreciation, amortisation and impairment losses, and provisions. Working capital comprises current assets less short-term debt excluding items included in cash and cash equivalents.Cash flows from investing activitiesCash flows from investing activities comprise cash flows from acquisitions and disposals of intangible assets, property, plant and equipment as well as fixed asset investments.Cash flows from financing activitiesCash flows from financing activities comprise cash flows from the raising and repayment of long-term debt as well as payments to and from shareholders.Cash and cash equivalentsThe cash flow statement cannot be immediately derived from the published financial records. Cash and cash equivalents comprise ”Cash at bank and in hand”. Financial HighlightsExplanation of financial ratiosGross marginGross profit x 100 / RevenueProfit marginProfit/loss of primary operations x 100 / RevenueReturn on assetsProfit/loss of primary operations x 100 / Total assets at year endSolvency ratioEquity at year end x 100 / Total assets at year endReturn on equityNet profit for the year x 100 / Average equity