89478219 2024-07-01 2025-06-30 cmn:ConsolidatedMember 89478219 2024-07-01 2025-06-30 cmn:ConsolidatedMember 1 89478219 2024-07-01 2025-06-30 cmn:ConsolidatedMember 1 89478219 2024-07-01 2025-06-30 cmn:ConsolidatedMember 3 89478219 2024-07-01 2025-06-30 cmn:ConsolidatedMember 5 89478219 2024-07-01 2025-06-30 cmn:ConsolidatedMember 2 89478219 2024-07-01 2025-06-30 cmn:ConsolidatedMember 4 89478219 2024-07-01 2025-06-30 cmn:ConsolidatedMember 6 89478219 2024-07-01 2025-06-30 cmn:ConsolidatedMember 1 89478219 2024-07-01 2025-06-30 cmn:ConsolidatedMember 2 89478219 2023-07-01 2024-06-30 cmn:ConsolidatedMember 89478219 2024-07-01 2025-06-30 89478219 2023-07-01 2024-06-30 89478219 2025-06-30 cmn:ConsolidatedMember 89478219 2024-06-30 cmn:ConsolidatedMember 89478219 2025-06-30 89478219 2024-06-30 89478219 2024-06-30 cmn:ConsolidatedMember fsa:ContributedCapitalMember 89478219 2024-06-30 cmn:ConsolidatedMember fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 89478219 2024-06-30 cmn:ConsolidatedMember fsa:ReserveForDevelopmentExpenditureMember 89478219 2024-06-30 cmn:ConsolidatedMember fsa:ReserveForCurrentValueAdjustmentsOfCurrencyGainsMember 89478219 2024-06-30 cmn:ConsolidatedMember fsa:RetainedEarningsMember 89478219 2024-06-30 cmn:ConsolidatedMember fsa:ProposedDividendRecognisedInEquityMember 89478219 2024-07-01 2025-06-30 cmn:ConsolidatedMember fsa:ContributedCapitalMember 89478219 2024-07-01 2025-06-30 cmn:ConsolidatedMember fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 89478219 2024-07-01 2025-06-30 cmn:ConsolidatedMember fsa:ReserveForDevelopmentExpenditureMember 89478219 2024-07-01 2025-06-30 cmn:ConsolidatedMember fsa:ReserveForCurrentValueAdjustmentsOfCurrencyGainsMember 89478219 2024-07-01 2025-06-30 cmn:ConsolidatedMember fsa:RetainedEarningsMember 89478219 2024-07-01 2025-06-30 cmn:ConsolidatedMember fsa:ProposedDividendRecognisedInEquityMember 89478219 2025-06-30 cmn:ConsolidatedMember fsa:ContributedCapitalMember 89478219 2025-06-30 cmn:ConsolidatedMember fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 89478219 2025-06-30 cmn:ConsolidatedMember fsa:ReserveForDevelopmentExpenditureMember 89478219 2025-06-30 cmn:ConsolidatedMember fsa:ReserveForCurrentValueAdjustmentsOfCurrencyGainsMember 89478219 2025-06-30 cmn:ConsolidatedMember fsa:RetainedEarningsMember 89478219 2025-06-30 cmn:ConsolidatedMember fsa:ProposedDividendRecognisedInEquityMember 89478219 2024-06-30 fsa:ContributedCapitalMember 89478219 2024-06-30 fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 89478219 2024-06-30 fsa:ReserveForDevelopmentExpenditureMember 89478219 2024-06-30 fsa:ReserveForCurrentValueAdjustmentsOfCurrencyGainsMember 89478219 2024-06-30 fsa:RetainedEarningsMember 89478219 2024-06-30 fsa:ProposedDividendRecognisedInEquityMember 89478219 2024-07-01 2025-06-30 fsa:ContributedCapitalMember 89478219 2024-07-01 2025-06-30 fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 89478219 2024-07-01 2025-06-30 fsa:ReserveForDevelopmentExpenditureMember 89478219 2024-07-01 2025-06-30 fsa:ReserveForCurrentValueAdjustmentsOfCurrencyGainsMember 89478219 2024-07-01 2025-06-30 fsa:RetainedEarningsMember 89478219 2024-07-01 2025-06-30 fsa:ProposedDividendRecognisedInEquityMember 89478219 2025-06-30 fsa:ContributedCapitalMember 89478219 2025-06-30 fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 89478219 2025-06-30 fsa:ReserveForDevelopmentExpenditureMember 89478219 2025-06-30 fsa:ReserveForCurrentValueAdjustmentsOfCurrencyGainsMember 89478219 2025-06-30 fsa:RetainedEarningsMember 89478219 2025-06-30 fsa:ProposedDividendRecognisedInEquityMember 89478219 2023-06-30 cmn:ConsolidatedMember iso4217:DKK xbrli:pure Henrik Heide Ottosen SAMSON GROUP A/S Vestermarksvej 25 8800 Viborg 89478219 On today’s date, the Board of Directors and the Executive Board considered and approved the annual report of SAMSON GROUP A/S for the financial year 1 July 2024 - 30 June 2025.The annual report is presented in accordance with the Danish Financial Statements Act (årsregnskabsloven).In our opinion, the annual accounts and consolidated annual accounts give a true and fair view of the company’s and the group’s assets, liabilities and financial position as at 30 June 2025 and of the company’s and the group’s activities and cash flows for 2024-25.In our opinion, the management statement contains a true and fair account of the circumstances which it concerns.The annual report is presented for adoption at the annual general meeting. Viborg, Lars Henriksen CEO Christian Pagaard Junker Chairman of the board Mikael Glerup Vice Chairman of the board Henrik Heide Ottosen Thomas Hørup Benny Brink Erik Morratz To the Shareholder of SAMSON GROUP A/S OpinionWe have audited the consolidated financial statements and financial statements of SAMSON GROUPA/S for the financial year 01.07.24 - 30.06.25, which comprise income statement, balance sheet,statement of changes in equity and notes to the financial statements, including material accountingpolicy information for the group as well as for the parent company as well as the consolidated cashflow statement. The consolidated financial statements and financial statements are prepared in accor-dance with the Danish Financial Statements Act.In our opinion the consolidated financial statements and financial statements give a true and fair viewof the group's and the company's financial position at 30.06.25 and of the results of the group's andthe company's operations and consolidated cash flows for the financial year 01.07.24 - 30.06.25 in ac-cordance with the Danish Financial Statements Act. Basis for OpinionWe conducted our audit in accordance with International Standards on Auditing (ISAs) and theadditional requirements applicable in Denmark. Our responsibilities under those standards andrequirements are further described in the “Auditor’s responsibilities for the audit of the consolidatedfinancial statements and financial statements” section of our report. We are independent of the groupand the company in accordance with the International Ethics Standards Board for Accountants’International Code of Ethics for Professional Accountants (IESBA Code) and the additional ethicalrequirements applicable in Denmark, and we have fulfilled our other ethical responsibilities inaccordance with these requirements and the IESBA Code. We believe that the audit evidence wehave obtained is sufficient and appropriate to provide a basis for our opinion. Management's responsibilities for the consolidated financial statements and financialstatementsManagement is responsible for the preparation of consolidated financial statements and financial sta-tements that give a true and fair view in accordance with the Danish Financial Statements Act and forsuch internal control as Management determines is necessary to enable the preparation of consolida-ted financial statements and financial statements that are free from material misstatement, whetherdue to fraud or error.In preparing the consolidated financial statements and financial statements, management isresponsible for assessing the group's and the company's ability to continue as a going concern, dis-closing, as applicable, matters related to going concern and using the going concern basis of ac-counting in preparing the consolidated financial statements and financial statements unless manage-ment either intends to liquidate the group and the company or to cease operations, or has no realisticalternative but to do so. Auditor’s responsibilities for the audit of the consolidated financial statements and finan-cial statementsOur objectives are to obtain reasonable assurance about whether the consolidated financial state-ments and financial statements as a whole are free from material misstatement, whether due to fraudor error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a highlevel of assurance, but is not a guarantee that an audit conducted in accordance with ISAs and theadditional requirements applicable in Denmark will always detect a material misstatement when itexists. Misstatements can arise from fraud or error and are considered material if, individually or in theaggregate, they could reasonably be expected to influence the economic decisions of users taken onthe basis of these consolidated financial statements and financial statements.As part of an audit conducted in accordance with ISAs and the additional requirements applicable inDenmark, we exercise professional judgment and maintain professional scepticism throughout theaudit. We also:  Identify and assess the risks of material misstatement of the consolidated financial statements andfinancial statements, whether due to fraud or error, design and perform audit proceduresresponsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide abasis for our opinion. The risk of not detecting a material misstatement resulting from fraud ishigher than for one resulting from error as fraud may involve collusion, forgery, intentionalomissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design auditprocedures that are appropriate in the circumstances, but not for the purpose of expressing anopinion on the effectiveness of the group's and the company's internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accountingestimates and related disclosures made by management. Conclude on the appropriateness of management’s use of the going concern basis of accounting inpreparing the consolidated financial statements and financial statements and, based on the auditevidence obtained, whether a material uncertainty exists related to events or conditions that maycast significant doubt on the group's and the company's ability to continue as a going concern. Ifwe conclude that a material uncertainty exists, we are required to draw attention in our auditor’sreport to the related disclosures in the consolidated financial statements and financial statementsor, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on theaudit evidence obtained up to the date of our auditor’s report. However, future events orconditions may cause the group and the company to cease to continue as a going concern. Evaluate the overall presentation, structure and contents of the consolidated financial statementsand financial statements, including the disclosures, and whether the consolidated financial state-ments and financial statements represent the underlying transactions and events in a manner thatgives a true and fair view. Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding thefinancial information of the entities or business units within the group as a basis for expressing anopinion on the consolidated financial statements and financial statements. We are responsible forthe 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 plannedscope and timing of the audit and significant audit findings, including any significant deficiencies ininternal control that we identify during our audit. Statement on the management’s reviewManagement is responsible for the management’s review.Our opinion on the consolidated financial statements and financial statements does not cover themanagement’s review, and we do not express any form of assurance conclusion thereon. In connection with our audit of the consolidated financial statements and financial statements, it isour responsibility is to read management’s review and, in doing so, consider whether management’sreview is materially inconsistent with the consolidated financial statements or parent company finan-cial statements or our knowledge obtained during the audit, or otherwise appears to be materiallymisstated.Moreover, it is our responsibility to consider whether management’s review provides the informationrequired by law and regulations.Based on the work we have performed, we conclude that the management’s review is in accordancewith the consolidated financial statements and financial statements and has been prepared inaccordance with the requirements of Danish Financial Statements Act. We did not identify anymaterial misstatement of the management’s review. Skive BeierholmApproved Public Accountants 32895468 Jesper K. Viborg Jakob Hove State Authorised Public Accountant mne35413 State Authorised Public Accountant mne49065 Key figuresFigures in DKK '0002024/252023/242022/232021/222020/21Profit/lossRevenue940,297947,4951,154,9001,094,638745,200Operating profit/loss37,45761,086121,18286,57745,031Total net financials-12,852-16,530-14,311-11,579-57Profit for the year13,80025,48578,20161,25438,449BalanceTotal assets821,860823,515869,919816,533580,420Equity385,135375,938354,685282,396206,143Investments in property, plant and equipment76,97229,70117,23429,77712,045Investments in intangible assets24,92622,42418,65620,35916,170CashflowNet cash flow:Operating activities120,09557,54584,534-36,23449,731Investing activities-101,373-47,369-33,885-101,850-24,752Financing activities-16,575-10,496-54,152135,789-29,653Cash flows for the year2,147-320-3,503-2,295-4,674Ratios2024/252023/242022/232021/222020/21ProfitabilityReturn on equity3.6%7.0%24.6%25.1%20.0%Profit margin4.0%6.4%10.5%7.9%6.0%Equity ratioSolvency ratio46.9%45.7%40.8%34.6%35.5%OthersNumber of employees (average)583613647623490Ratios definitionsProfit/loss for the year x 100Return on equity:Average equityOperating profit/loss x 100Profit margin:RevenueEquity, end of year x 100Solvency ratio:Total assetsBooms specifically designed for applying natural fertiliser to fields. These booms ensure precise and even distribution of natural fertiliser, contributing to optimal growth and reduced greenhouse gas emissions.A wide range of tools designed to make the best possible use of the nutrients in natural fertiliser, both by injection into growing crops and by black soil incorporation, which reduces emissions.Universal as well as dedicated spreaders developed to distribute solid natural fertiliser, lime and other solid materials evenly on fields. This allows accurate dosing via weighing equipment and application files to optimise crop production and reduce climate impact.Due to the broad product range of the Group, customer segments range from farmers with their own farms through machinery cooperatives to large agricultural contractors. All companies within SAMSON GROUP A/S collaborate to deliver quality products and technological solutions that meet the needs of these customer groups.The products are marketed under the SAMSON and PICHON brands and sold internationally through a broad and strong dealer network. Denmark and Sweden are the only exceptions; here, the products are marketed via the Group’s own commercial companies. The products from the two brands complement each other perfectly as they share the same focus on applying natural fertiliser, however, they target different customer groups.The customer groups for SAMSON and PICHON are distributed as follows: the primary customer group for the SAMSON brand is agricultural contractors, machinery cooperatives and large livestock producers in Europe’s intensive livestock regions. The primary customer group for the PICHON brand is mainly small and medium-sized livestock producers, also in Europe’s intensive livestock regions.The Group’s ambition is to support these customer groups in their ambitions by offering advanced machinery for the environmentally sound application of natural fertiliser.With a broad product range, SAMSON GROUP A/S has the overall potential to be the market leader in Europe in meeting the demand of agriculture for innovative, environmentally friendly quality solutions for applying natural fertiliser.SAMSON GROUP A/S’s innovative solutions play a crucial role in utilising resources directly from agriculture and promoting sustainable solutions. Our products help reduce the use of mineral fertilisers by optimising the utilisation of natural fertiliser and organic material, thus reducing the need for external nutrient supply at the farm. We also promote efficient nutrient utilisation by ensuring precise application of natural fertiliser through advanced technologies. This minimises waste and improves crop yields while protecting the environment from unnecessary nutrient discharge, thus benefiting nature.By increasing organic matter content in the soil, our solutions also contribute to improved soil fertility and increased yield potential. Simultaneously, our solutions help reduce greenhouse gas emissions by optimising application and minimising nutrient waste. This is essential for combating climate change and fostering more sustainable agricultural practices.To support the Group’s ambition and optimise and document effectiveness, several key products in the range are developed in close collaboration with national and international knowledge institutions. Ongoing investment is made in developing the product portfolio and technical solutions to maximise nutrient utilisation in the ecological cycle and minimise greenhouse gas emissions.Our goal is to promote sustainability and create a more environmentally friendly agricultural sector. Currently, the markets are primarily focused on intensive livestock areas in Europe, including Denmark, Sweden, Poland, Germany and France. Additionally, SAMSON GROUP A/S exports widely to more than 35 markets, thereby making a difference globally.Our business model includes in-house development and product innovation, selecting reliable suppliers, quality-focused production, sales through dependable dealers and exceptional service provided by skilled employees and service partners.1. 2. 3. 4. 5. Product SuppliersProduction/DealerEnd user Distribution/Service and innovation and stocksInstallation/spare partsdevelopmentspare parts 1. We invest in research and development to create innovative and effective products that meet our customers’ needs and contribute to the development of the agricultural sector. This is accomplished through partnerships with knowledge institutions, agricultural organisations and customers, enabling our products to achieve a high technological and modern level combined with practical relevance for farms and agricultural contractors.2. We select our suppliers and subcontractors carefully - always focusing on the high quality level that characterises SAMSON GROUP’s products.3. We control the entire production process. With the aid of complex and efficient procedures, this enables us to maintain high quality standards and ensure reliable and on-time delivery to our customers.4. We collaborate with carefully selected dealers who hold a strong position in the market. This guarantees broad coverage and access to our products for customers across many countries.5. We have a dedicated team of service partners and employees who provide exceptional customer support, maintenance and technical assistance for our products.The Group’s companies and management Corporate structureSAMSON GROUP A/SMANUFACTURING COMPANIES TRADING COMPANIESSAMSON AGRO Sp. z o.o.SAMSON AGRO SASU SAMSON AGROLIZE ABSAMSON AGRO A/S SAMSON AGROLIZE A/SVIBORG - DENMARK LANDIVISIAU - FRANCE WOLCZYN - POLAND VIBORG - DENMARK HALMSTAD - SWEDENManagementThe management of the manufacturing companies SAMSON AGRO A/S, SAMSON AGRO SASU and SAMSON AGRO Sp. z o. o is organised as a classic, functional organisation across the companies.SAMSON AGRO A/S: The company’s main activity is the development, production and international distribution of products under the SAMSON brand.SAMSON AGRO SASU: The company’s main activity is the development, production and international distribution of products under the PICHON brand.SAMSON AGRO Sp. z o. o.: The company’s main activity is licensed production of the PICHON brand and distribution of its products primarily in Poland, other Eastern European countries and the Baltic states.SAMSON GROUP A/SCEO Lars HenriksenTRADINGMANUFACTURING COMPANIESCOMPANIESSAMSON SALES, AGROLIZEAFTER ENGINEERING MANU- SUPOORT & SOURCING ITFINANCEHRDENMARK & SALES& PRODUCTSFACTURINGMARKETINGSWEDENCharlotte Villum Philippe Philippe Søren MejlstrupOle Pagh Jackie Boel Anne Bundgaard ArnaudSune BjergHennebergBarabinotBarabinotJensenMadsenNielsenLuimesJaouenSAMSON AGRO A/SDKDK DK DK DK DK DKDK DKCEO Lars HenriksenViborgSAMSON AGRO SASUSEFR FR FR FR FR FR FRFRCEO Lars HenriksenHalmstadSAMSON AGRO Sp. z o.o.SEPL PL PL PL PL PLPLPLCEO Lars HenriksenGrännaThe commercial companies Samson Agrolize A/S and the Swedish company Samson Agrolize AB have separate organisational structures, with Charlotte Willum Henneberg serving as the CEO of both companies.The companies’ main activity is the distribution of the Group’s brands, SAMSON and PICHON.Development of the yearThe Group’s net turnover amounted to TDKK 940,297 compared to TDKK 947,495 the year before. The pre-tax profit (EBT) amounted to TDKK 24,605 compared to TDKK 44,556 last year.The rather sudden and sharp slowdown in end-customer investments back in the July quarter of 2023 continued almost unchanged throughout the 2024-25 financial year. Farmers’ settlement prices have remained at a historically acceptable level throughout the period, but their profit margins, which were already low, have been eroded by rising costs for mineral fertiliser, energy, labour, machinery purchases and increasing interest rates. Additionally, cheap Ukrainian agricultural products were freely exported and distributed to many countries within the EU, making it difficult or impossible for EU farmers to pass on their rising costs through higher settlement prices.The investment slowdown varied across customer segments and countries. For the customer segment agricultural contractors, which primarily purchase SAMSON machinery, the decline in investments has been limited. For the customer segment farmers, who primarily buy PICHON machinery, the decline in investments has been significant.The slowdown also varied across countries. In Scandinavia and Northern Germany, the decline in investments has been limited. In the rest of Germany and France, there has been a significant decline, and in Eastern Europe, the decline in investments has been historically large.Across brands and markets, the Group’s turnover in 2024-25 decreased by just over 1% compared to the previous year. This is considerably less than the declines experienced by machinery segments such as tractors, combines, seeders and tillage implements etc. The limited decrease of just over 1% in the Group’s turnover should be seen in light of the environmental and climate agenda which, despite the war in Ukraine and the stagnant EU economy, continues to lead to increasingly strict fertiliser legislation.The declining turnover has resulted in adjustments to the Group’s production capacity. This applies to Samson Agro SASU (FR), Samson Agro Spzoo (PL) and Samson Agro A/S (DK).The Group’s commercial companies Samson Agrolize A/S (DK) and Samson Agrolize AB (SE) have avoided the crisis as these markets are dominated by agricultural contractors.Despite the current crisis in the industry, we have maintained our investment plans, prioritising the development of new products and the completion of the 6,000 m2 factory expansion at Samson Agro A/S. Despite the continued difficult market conditions described above, the management finds the year’s result less than acceptable. Despite the crisis, the ambition remains unchanged: To consolidate SAMSON GROUP A/S as Europe’s leading manufacturer of machinery and equipment for the application of natural fertiliser through organic growth and acquisitions.In its most recent annual report, the Group expected a pre-tax profit in the range of TDKK 45,000-55,000. This profit was not achieved due to the circumstances described above. Expected developmentAgriculture, and in particular the animal branch, will continue to undergo transformation in the coming years to meet the climate and geopolitical objectives being implemented. The EU’s Common Agricultural Policy (CAP) provides a degree of security for farmers and supports the transition of the sector towards greater sustainability. However, there are considerable differences in the understanding and implementation of the climate goals among the individual EU member states. Investment willingness across products and geographic regions is historically low. In the coming financial year, PICHON and SAMSON will continue to be affected by the recession, but we can only guess at the extent of the recession at this time. Sustainability and precision agriculture are recurring themes for a significant portion of customers of the SAMSON brand in particular. An increasing number of agricultural contractors and large livestock producers are demanding advanced machinery and equipment. The SAMSON brand expects to maintain a good competitive position in a market that is anticipated to continue to decline in the 2025-26 financial year.The PICHON brand, which primarily targets small and medium-sized livestock producers, is expected to face greater competitive pressure in 2025-26 than the SAMSON brand. This is due to lower investment among PICHON’s main customer groups and stronger competition among machinery manufacturers. Furthermore, the strong market position of the PICHON brand in primarily Poland, the Czech Republic and Slovakia is under volume pressure as a result of the effects of the war in Ukraine. For the 2025-26 financial year, management expects the group profit before tax (EBT) to be in the range of TDKK 5,000-15,000.▲In 2024, SAMSON initiated construction of a new factory building, which is expected to be operational at the begin-ning of 2025.e factory will, among other things, house the production of TSB booms, for which high demand is expected across all of our markets. At the beginning of September this year, we proudly showcased the construction as we celebrated the topping-out ceremony.Particular risksManagement assesses that the company is not currently affected by any particular risks beyond those normally encountered in the industry. Reference is also made to the comments in the section on “expected development”. Currency risks and interest rate risks are explained below.Currency risksThe Group trades in foreign currencies with both customers and suppliers. Considering that monetary policy traditionally maintains a fixed exchange rate policy between the Danish krone and the Euro and that the vast majority of the Group’s trade is settled in either Danish kroner or Euros, the currency risk is assessed to be low. Currency risks are not hedged.Interest rate risksAs the interest-bearing debt has a variable interest rate, any change in the interest rate level will directly affect the result. The interest rate risk is not hedged.Credit risksThe company’s primary credit risk relates to trade receivables from the sale of goods and services. The company’s policy on managing credit risks means that all customers are rated.Research and developmentInvesting in the future through product development is a high priority and a fundamental part of the entire SAMSON GROUP business concept.A central part of the Group’s activities is to lead in the development, production and marketing of slurry tankers, injectors, drip hose booms and solid fertiliser spreaders for the environmentally responsible application of natural fertiliser to fields. Agronomy (the science of agriculture) is a core area of the group that forms the basis for understanding value creation for the end user and the design of the products.To ensure the highest level of professionalism and to ensure that the Group actively contributes to the green transition, the companies participate in several publicly supported research and development projects involving universities from Denmark as well as from abroad.In the 2024-25 financial year, SAMSON AGRO A/S has participated in the GUDP development project “Methods for reducing ammonia loss and increasing methane yield from biogas slurry (MAG)” under the project management of Aarhus University. The project focuses on creating new knowledge about the factors in the biogas process that affect ammonia emissions as well as developing technologies that both increase gas production and reduce ammonia emissions during surface application to fields. In this project, SAMSON AGRO A/S has contributed knowledge and resources to the development of low-emission application techniques that reduce NH3 emissions by reducing the contact surface and time between slurry and air.Together with the Danish Agriculture and Food Council, SEGES and Innovation Fund Denmark, SAMSON AGRO A/S has also participated in the research project LOWHIGH (“Low emissions and high energy production in manure handling chains”), which aims, on one hand, to reduce ammonia and greenhouse gas emissions from the handling of natural fertiliser and, on the other hand, to increase energy production in biogas plants. This focuses on the entire process from handling natural fertiliser in the barn, storage tanks, biogas plants and application to the field. SAMSON AGRO A/S has contributed to this project by providing solid manure spreading technology for testing and development.SAMSON AGRO A/S has also begun work on GIGA (Maximum climate and fertiliser effect of degassed biomass), which will support the green transition of agriculture. The goal of the project is to provide the necessary solutions that ensure that biogas plants will provide future climate, environmental and fertilisation benefits in agriculture.Being a project participant, SAMSON AGRO A/S will assist in developing a new type of injector, which will be used for testing selected degassed products. The concept is developed based on the hypothesis that a more strategic placement of slurry in the soil can maintain low ammonia evaporation without resulting in increased emissions of nitrous oxide.In one or more trial stages, the test injector from SAMSON AGRO A/S will be used, and its effect on nitrous oxide emissions and nitrogen utilisation will be compared with traditional incorporation.The design of the new injector will be developed in close collaboration with Aarhus University and SEGES. Based on the results, a concept for a new injector system for commercial use will be described and designed.Under the SAMSON and PICHON brands, the Group has developed and launched the following product innovations during the 2024-25 financial year:SAMSON product news:▻ TSB 2 15, 18, 21 m trailing shoe boom series▻ PGII 15 Genesis slurry tanker▻ CTx 8 tine injector▻ 6x6 sections on SHB booms PICHON product news:▻ CTf tine injector ▻ Developments and improvements to accessories and controls▻ Raingun option for use in extinguishing field and forest fires for the SV series.Alongside the research and development projects, EU type approvals have been a key focus area for SAMSON GROUP A/S in the 2024-25 financial year. In future, EU type approvals for agricultural vehicles will be a crucial prerequisite for the sale of machinery in Europe, the Group’s primary market. The Group is well advanced in implementing new requirements for production and quality assurance, and new technical documentation has been prepared for slurry tankers and solid fertiliser spreaders.Knowledge resourcesSkilled employees with a high level of knowledge are central to the Group and represent a very valuable asset. The employees’ work is vital to achieving the goal of continued development of an efficient company. Therefore, the Group aims to attract and retain employees who can and want to work in a focused and business-oriented company with a high professional standard and to ensure that the knowledge on which the company is based continuously develops and is firmly anchored internally.The SAMSON and PICHON brands are both developed and manufactured locally, close to their primary markets. In key positions within the product development departments located in Denmark and France, there is strong product and industry knowledge and experience, which is crucial to the success of SAMSON GROUP. The development staff possess not only extensive theoretical mechanical knowledge but also in-depth practical experience with field application tasks and agronomy. They understand how precise application and handling of slurry and solid fertiliser are essential for optimal and efficient nutrient utilisation. There is great diversity among the staff in the development departments; a mix of highly experienced employees with many years of seniority combined with younger staff form a resource of great value and are essential for the Group to offer the right products to meet the core needs of customer groups. Students from relevant educational programmes are continuously undertaking internships, allowing the Group to contribute to training qualified workers for the industry, receive the latest knowledge from universities and establish itself as a recognised workplace among the right students. Furthermore, the Group exchanges student interns across companies to provide them with a comprehensive experience of working in an international company. Production is carried out by skilled workers specialising in machining, cutting work, welding and assembly of mechanical components, hydraulic systems and electronics. In some of the Group’s companies, a high average age among skilled workers has been observed, which is why initiatives in employer branding targeting these employee groups will be launched.SAMSON GROUP aims to remain a good and attractive workplace in the future, capable of developing talent and maintaining the knowledge resources continuously built up within the Group. The Group generally employs many people with years of seniority, achieved through a focus on job and skills development, training opportunities tailored to each employee’s competence level, annual performance reviews and the option to enter into senior agreements.Strategies for broad involvement and knowledge sharing, based on mutual understanding and engagement, are central to securing knowledge resources in daily internal operations. The average number of employees for the financial year is distributed as follows:The Group had 583 employees, comprising 11 employees at SAMSON Group A/S, 243 employees at SAMSON Agro A/S, 197 employees at SAMSON AGRO SASU, 59 employees at SAMSON Agro Sp. Z o.o, 60 employees at SAMSON Agrolize A/S and 13 employees at SAMSON Agro AB.Labour rights and social conditionsSAMSON GROUP has a set of core values forming the foundation for its daily conduct: integrity, responsibility, respect and dialogue.These values help ensure social and ethical responsibility towards employees, suppliers, partners and customers associated with all companies within the Group.We work determinedly to secure the best possible conditions for SAMSON’s employees, focusing on a healthy working life, a good working environment and high job satisfaction – both now and in the future.RisksSAMSON GROUP’s greatest social risks lie in attracting and retaining the highly qualified employees necessary to operate the business and further develop the Group’s activities and products. Actions, initiatives and resultsThe Group is committed to demonstrating social responsibility in all employment relationships. All employees, regardless of position, have the right to be treated with respect, and a framework has been established for their ongoing development in their roles. All SAMSON GROUP employees are guaranteed employment under orderly conditions with a contract of employment, ensuring that as a minimum, the terms comply with the legislation and the general collective agreements of each country. The number of employees employed under collective agreements for the financial year is 379, corresponding to 67%.Employees must be guaranteed a working environment that is both physically and mentally healthy and safe. SAMSON GROUP maintains ongoing focus on extraction technology at all factories where environmentally harmful elements such as smoke and gases are produced during manufacturing. This specifically concerns welding fumes and ozone emissions from laser cutters, printers, lathes and milling machines. All extraction occurs through filters that purify environmentally harmful gases and particles before the cleaned air is released into the atmosphere. In recent years, SAMSON GROUP has upgraded technology at its French and Polish factories, resulting in increased employee comfort and a reduced climate footprint; the current focus is on maintaining this investment along with general ergonomics and safety in production tasks. SAMSON GROUP has taken on a societal and social responsibility in educating young people. Within the Group, there is an apprenticeship programme for workers, traineeships in administration and offers of internships and project collaborations for students in higher education as well as work experience periods for pupils in grades 6 to 9. During the financial year, the Group has started and/or completed apprenticeship and trainee courses for warehouse and logistics operators, industrial technicians and metal workers.When students and work experience pupils are placed in the Group’s companies, the human and social dimensions are given high priority to ensure they are ready for employment after completing their training. It is, among other things, an integral part of the company’s policy to broadly introduce students and work experience pupils within the organisation so that they develop a strong sense of belonging beyond the professional aspect on equal terms with permanent employees.SAMSON GROUP also supports and participates in local employment and development projects.SAMSON AGRO A/S and SAMSON AGROLIZE A/S collaborate with job centres on programmes for developing work ability and with the institution “Trepas” in Viborg Municipality, which provides employment and educational support to individuals outside the ordinary labour market. These individuals often face challenges beyond unemployment such as ADHD or substance abuse. The other employees find satisfaction in being able to help these colleagues achieve a stable life through their employment.SAMSON AGRO SASU, among others, uses an institution in Landivisiau Municipality, “Union des Industries et Métiers de la Métallurgie”, which provides employment and educational support to individuals outside the ordinary labour market. These individuals come in on a weekly basis to maintain all outdoor areas and carry out other ad hoc tasks.SAMSON GROUP wants to create a sense of security for its employees and therefore only uses temporary employment if there is a justified reason. Temporary employment is therefore used exclusively for apprentices, trainees, temporary workers and seasonal workers.The assessment is that SAMSON GROUP’s activities have contributed positively to maintaining good social and staff conditions in 2024-2025. However, there are also challenges that need to be addressed going forward to reduce employee turnover.The Group has no policy concerning forced labour or child labour. Child labour as well as forced and involuntary labour are not tolerated in any form by SAMSON GROUP A/S or its suppliers, who are expected to comply with child labour legislation and may only employ workers who meet the minimum age requirement applicable in the country in which they operate. If SAMSON becomes aware that suppliers do not comply, collaboration will be terminated as a general rule. In order to eliminate discrimination in workplace and employment conditions, it is part of the HR strategy to ensure consistent conditions and processes, where possible, while respecting the legislation of each individual country. Additionally, the implementation of EU directives is monitored, including the Working Conditions Directive. There is also focus on being able to comply with forthcoming directives.Expectations for the futureLabour rights and social conditions will remain a major focus for SAMSON GROUP, and the Group will continue to work on optimising its policy in this area going forward.Human rights and anti-corruptionSAMSON GROUP supports diversity and equality. Equality and equal opportunities apply to all employees, who are recruited based on professional qualifications solely and are treated equally regardless of ethnic or national origin, gender, race, religion, belief, political opinion, sexual orientation, age or disability.SAMSON GROUP A/S disapproves of all forms of corruption and bribery. This forms a fundamental part of the Group’s core values.RisksWithin the scope of our influence, the Group supports and respects the protection of internationally proclaimed human rights, and we make sure that we take no part in any violations of human rights. Our goal is to guarantee faith that SAMSON GROUP is managed responsibly and transparently; consequently, good corporate governance is a high priority across the Group, and we aim to set a high standard for good governance.Actions, initiatives and resultsThe Group’s employees and suppliers are expected to demonstrate the highest levels of integrity, honesty and fairness in all internal and external matters. The greatest risk is assessed to be the Group being perceived as using gifts or other means to gain advantages. If SAMSON becomes aware that suppliers do not comply, collaboration will be terminated as a general rule.No employee may directly or indirectly accept, negotiate or offer bribery, kickbacks or any other form of illicit payment – even if under unlawful pressure. This prohibition also applies in cases where such behaviour would not contravene local legislation. Management has concluded that our local management and business systems are sound and effective in this respect and has not identified any cases of corruption, bribery, fraud or extortion during the 2024/25 financial period.Employees also have the option to report anonymously through SAMSON’s whistleblower scheme. The whistleblower scheme applies to all companies within the Group. No cases or suspicions concerning bribery, corruption or violations of human rights have been recorded in the Group’s whistleblower scheme during the financial year. Expectations for the futureThe Group will continue to work on optimising its policy within the area gong forward, including preparing a dedicated Code of Conduct, which will be provided to the Group’s suppliers.Climate and environmentAs a “Green Tech” company focusing on sustainable livestock production, SAMSON GROUP A/S places at the very heart of its business a commitment to a precautionary approach towards environmental challenges.RisksSAMSON GROUP contributes to the green transition. We do this by offering our customers technologies and products that help optimise their fertilisation using natural fertiliser. SAMSON GROUP’s products ensure greater utilisation of nutrients while reducing excessive consumption and nitrogen emissions. At the same time, SAMSON GROUP must also reduce its own CO2 emissions, as this forms part of the Group’s risk management and social responsibility.Actions, initiatives and resultsWe prioritise safety in our work processes and minimise, among other things, the internal use of substances hazardous to health. Externally, we strictly comply with environmental legislation and strive to optimise resource and energy use. We implement environmental improvements with a focus on technological and economic feasibility.SAMSON GROUP’s products are durable and resource-efficient and form a crucial part of the circular economy within the agricultural sector. We aim to be a driving force in the transition to a circular economy and the reduction of environmental impact from the agricultural sector through our product solutions.SAMSON GROUP’s aftermarket strategy also minimises the need for frequent replacements, helping reduce resource waste and promoting sound machinery economics for our customers. We prioritise aftermarket refurbishment and recycling of our products by ensuring a reliable and stable supply of spare parts and maintenance options through close collaboration with dealers.We also place great importance on developing new functions and options for our equipment that can be fitted to both new machines and retrofitted to existing machines, thus enhancing the technological capabilities and life of the specific machine.Additionally, we strive to manufacture products that can be recycled to the fullest extent possible when their service life comes to an end.Recognising that sustainability cannot be achieved alone, SAMSON GROUP actively participates in partnerships aimed at developing and promoting more environmentally sound application of natural fertiliser on fields. We engage in research and development projects with universities, domestically and internationally, to ensure expert knowledge. Through these partnerships, we demonstrate our commitment to improving the agricultural sector by developing innovative technologies and methods.SAMSON GROUP continuously explores new and advanced energy methods across its factories, conducts thorough energy mapping at factory level and engages in energy improvement projects. Whenever possible, we implement innovative and modernised solutions for continuous monitoring of our energy consumption regardless of time and place.Waste management is also an integrated part of the Group’s daily operations, both in production and administration, where we carefully sort materials such as paper, plastic, metal waste and food waste.These areas increase employees’ awareness of environmentally friendly practices and reduce SAMSON GROUP’s overall environmental impact.SAMSON GROUP was originally subject to the very detailed CSRD reporting requirements. The requirements have now been postponed. At the same time, the requirements are expected to be simplified, with fewer data points and greater clarity. Despite the postponement, SAMSON GROUP continues to focus on sustainability within Environmental, Social and Governance (ESG). In the past year, the company has prepared its first CO₂e account. This represents an important step in efforts to understand and reduce our climate footprint. The report provides a comprehensive overview of the company’s emissions across its activities and value chains, serving as a strategic tool to identify the most relevant focus areas moving forward. With this foundation, we can direct our sustainability efforts and prioritise the initiatives that have the greatest impact on the climate.The statement below covers the 2024/25 period.CO2e Tons Pctfuel-running material 1.130 welding gases, etc. 56 Scope 1 total 1.186 3%Natural gas 464Electricity 248Scope 2 total 712 2%Purchase of materials and services, etc. 44.057Scope 3 total 44.057 96%Total CO2e 45.955 100%kg CO2e per turnover DKK 0,049Accounting policies appliedThe greenhouse gas accounts in the annual report have been prepared in accordance with the principles of the Greenhouse Gas Protocol (GHG Protocol). The accounts include the company’s greenhouse gas emissions classified into Scopes 1, 2 and 3.Quantities (kg/tonnes) and costs (spend-based) are multiplied by recognised emission factors.The accounts cover the most significant activities and sources where data is available. Some uncertainties may occur, particularly in Scope 3, where estimates and industry averages have been used.Scope 1 – Direct emissionsIncludes direct emissions from sources owned or controlled by the company, for example:• Burning of fuel in our own vehicles and facilities• Welding gasData collectionData is collected from internal meters, fuel records and purchased quantities. Scope 2 – Indirect emissions from energyIncludes indirect emissions from purchased electricity and natural gas.Data collectionElectricity and natural gas consumption is calculated based on invoices and meter readings. Scope 3 – Other indirect emissionsIncludes other indirect emissions from the company’s value chain, for example:• Purchased goods and services• Transport (upstream and downstream)• Business travels and commutingData collectionScope 3 emissions are estimated based on purchased quantities (kg/tonnes) and spend-based methods.The company is fully aware that its production has a negative environmental impact – both in terms of resource consumption and greenhouse gas emissions. This is a responsibility we take seriously and strive to reduce through continuous improvements and investments in more sustainable solutions. At the same time, it is important to highlight that the use of our products contributes positively to both the nitrogen balance and the reduction of greenhouse gases. Through their use, they support a more efficient and responsible utilisation of nutrients in agriculture, reducing leaching and emissions – thereby contributing to a more climate-friendly and sustainable food production.We have calculated the impact of our technologies for slurry incorporation compared to spreading with a wide plate for nitrogen (N) and greenhouse gases (CO2e), respectively, for total annual emissions in Denmark and all EU countries combined. The calculations take into account both the distribution by application method and the proportions of cattle slurry and pig slurry. The figures are based on estimated emissions in EU countries over recent years. Avoided nitrogen - N (tons) *)Method of delivery Cattle Swine TotalDrip hose boom (42%) 3.600 4.300 7.900Incorporators on grass (11%) 1.500 1.500 3.000Incorporators on black soil (47%) 8.500 9.100 17.600Total in Denmark 13.600 14.900 28.500Total in EU **) 950.000*) compared to broad plate spreading**) DK accounts for approx. 3% of the EU’s total slurry discharge. Distribution by application method and slurry composition may vary, but here it is assumed to be the same as in DK.Accounting policies applied The calculation is based on internal calculations made in collaboration with researcher Tavs Nyord from Concito. This calculation estimates quantities of 2024 livestock manure for cattle and pigs in Denmark as ”avoided emissions” will be calculated for these two animal categories. The number of animals originates from Statistics Denmark and apply as of 31 December 2024. The quantity of fertilisers is taken from Normtal for Husdyr, AU DCA, 2024. When calculating ”avoided ammonia emissions” (NH₃) for SAMSON GROUP, a calculation model based on three application technologies has been used: drip hoses, incorporation into grass and incorporation into black soil. The calculation is based on seasonally weighted emission factors and the national distribution of application technologies.The result is expressed in kilotons of nitrogen (kt N).The calculation includes cattle slurry and pig slurry and is based on the following technology shares in Denmark: drip hoses (42%), incorporation into grass (11%) and incorporation into black soil (47%). Biogas slurry and potential CO₂e savings from reduced demand for mineral fertilisers are not quantified.The table above shows that modern application methods in Denmark have already reduced nitrogen emissions by 28,500 tonnes. If all EU countries used the same application technology as Denmark, the reduction would be 950,000 tonnes.CO2e avoided (tons) *)Method of delivery Cattle Swine TotalDrip hose boom (42%) 15.000 18.000 33.000Incorporators on grass (11%) 6.000 6.000 12.000Incorporators on black soil (47%) 36.000 39.000 75.000Total in Denmark 57.000 63.000 120.000Total in EU **) 4.000.000*) compared to broad plate spreading**) DK accounts for approx. 3% of the EU’s total slurry discharge. Distribution by application method and slurry composition may vary, but here it is assumed to be the same as in DK.Accounting policies appliedUsing the figures from the table ”Avoided nitrogen – (N)” calculates ”Avoided ammonia emissions” (CO₂e). ”Avoided ammonia emissions” (CO₂e) is calculated as the difference between emission factors for wide spreading and three application technologies, weighted by national use and season. Biogas slurry and potential CO₂e effects from a reduced fertiliser demand are not included.The table above shows that modern application methods in Denmark have already reduced CO2e by 120,000 tonnes. If all EU countries used the same application technology as Denmark, the reduction would be 4,000,000 tonnes. A reduction of 4,000,000 tonnes corresponds approximately to the reduction provided by 400,000 electric cars, assuming that an electric car instead of a fossil-fuel car results in a reduction of 10 tonnes of CO2e per year. This naturally depends on the number of kilometres driven annually and the specific car model.As shown, significant emissions are avoided by using modern application technology.Expectations for the futureThe Group will continue to work on optimising its environmental and climate policy. The data produced has just been finalised, and future objectives have therefore not yet been established.Digital Transformation and Strategic InnovationThe 2024-2025 period has seen continued progress in the Samson Group’s digital infrastructure development, with advances in enterprise resource planning preparation, cybersecurity strengthening, artificial intelligence integration, and product configuration capabilities. Our IT initiatives have focused on enhancing operational efficiency while supporting the organization’s growth objectives.Cybersecurity ExcellenceCybersecurity has been elevated to strategic priority status with the development and implementation of our 2025 Cybersecurity Roadmap. This comprehensive approach ensures robust protection of our digital assets while maintaining operational efficiency.Major Initiatives:• Enterprise-wide Windows 11 migration for enhanced security• VPN change• Implementation of advanced network segmentation protocols• Preparation for NIS2 and ISO27000 compliance requirements• Updated IT Security Policy adopted across all Group entitiesArtificial Intelligence IntegrationThe AI Horizons initiative introduced strategic artificial intelligence capabilities across the organization, supported by comprehensive governance frameworks. Microsoft Copilot deployment has been prioritized based on role requirements and business impact.Implementation Focus:• Structured rollout prioritized by business function and impact• Development of comprehensive training programs for responsible AI adoption• Establishment of AI governance policies and best practices• Creation of feedback mechanisms to optimize deployment effectivenessProduct Configuration Innovation: ARCADE ProjectA transformative milestone was achieved with the launch of the Samson Group Product Configurator, delivered through the ARCADE Project. This initiative represents a significant improvement in our customer service capabilities and operational efficiency.Project Highlights:• Harmonized product configuration across SAMSON and PICHON brands• Streamlined sales workflows with improved quotation accuracy• Official launch completed in May 2025 with CRM integration• Comprehensive coverage of all configurable products for 2025-2026• Multilingual document generation capabilities implemented• Train-the-trainer model established for effective regional deploymentThe configurator is currently accessible to internal teams, with dealer access planned for post-summer implementation, reflecting our commitment to group-wide harmonization and customer-centric innovation.ERP Modernization: Foundation for Future GrowthThroughout 2025, the Group has undertaken comprehensive preparatory work for our enterprise resource planning transformation. This foundational phase has positioned us for the major ERP migration, when business circumstances allow this.Preparation Achievements:• Selected IFS Cloud ERP and PLM as our unified enterprise platform• Completed detailed AS-IS mapping across all Group entities• Conducted extensive stakeholder workshops and requirements gathering• Secured board approval and executive commitment for the migration program• Established project governance and change management frameworks• Prepared organizational readiness for system transitionThis thorough preparation phase ensures that our transition from legacy AX systems to the modern IFS Cloud platform will be executed with precision and minimal business disruption. The groundwork laid this year creates the foundation for enhanced data quality, operational agility, and scalable growth capabilities that will benefit the entire Group.Strategic Outlook 2025-2026Our technology roadmap continues to focus on delivering secure, scalable, and intelligent systems that support the Group’s strategic objectives:• ERP Implementation Launch: Continue with the preparatory phase for IFS/PLM and prepare solution modeling for IFS/PLM • Cybersecurity Leadership: Compliance certification and enhanced policy enforcement• AI Advancement: Expanded training programs and refined deployment strategies• CPQ Evolution: Dealer platform onboarding and enhanced ERP integrationThe IT department remains committed to enabling business growth through innovative technology solutions while maintaining the highest standards of security and operational excellence.Uncertainty at recognition and measurementManagement assesses that there is no uncertainty in the recognition or measurement of financial statement items beyond what is considered normal within the business areas in which the Group operates.Unusual circumstancesThe current financial year has not been affected by any unusual circumstances relating to the company’s operations and development.Events after the balance-sheet dateAs from the balance-sheet date and until today, no events have occurred to distort the assessment of the annual report. Main activities and business modelSAMSON GROUP A/S, having its headquarters in Viborg, is a European leader within its industry.Since its foundation in 1943, SAMSON GROUP A/S’s main activities have been the development, manufacture and marketing of machinery and equipment for the environmentally friendly application of natural fertiliser in fields.Through its subsidiaries SAMSON AGRO A/S, SAMSON AGRO SASU, SAMSON AGRO Sp. z o.o., Samson Agrolize A/S and Samson Agrolize AB, SAMSON GROUP A/S develops, produces and distributes products and technological solutions to handle natural fertiliser in the best possible way, considering the climate as well as the efficiency of farmers.The products mainly consist of: Advanced slurry tankers used for transport and precise application of slurry to fields. These slurry tankers are designed to maximise utilisation of slurry nutrients and to minimise environmental impact. Corporate Social ResponsibilitySAMSON GROUP actively aims to contribute to sustainable and responsible societal development. Based on our core values and strategic objectives, we focus on integrating social responsibility into all areas of the business. The company recognises that production has certain environmental impacts. We continuously work to reduce these impacts through efficiency improvements, green technology and responsible use of resources.We are proud that our products actively contribute to reducing emissions of both nitrogen and greenhouse gases. Through innovative solutions and sustainable design, we support the green transition within agriculture and help create more climate-friendly and environmentally responsible value chains.With the Earth’s growing population needing to be fed and agricultural land areas simultaneously decreasing, there are significant demands on utilising the remaining land sustainably. To feed the increasing population in the future, higher yields per hectare with a lower climate impact are essential. The world’s population depends on sustainable, environmentally and climate-friendly agriculture in the long term. SAMSON GROUP A/S is intensively developing technologies for applying natural fertiliser to fields that increase agricultural land use efficiency by maximising nutrient utilisation and minimising climate impact, for example by reducing the use of natural fertilisers.The implementation of aquatic environment plans in Denmark in the mid-1980s kick-started this development, and SAMSON GROUP A/S now offers a complete product range that optimally utilises nutrients in natural fertiliser. This represents a contribution to reducing nutrient runoff into aquatic environments and greenhouse gas emissions.Livestock production in agriculture contributes approximately 22% of EU-27 greenhouse gas emissions (Climate change – EU report 5000102026), with the consensus estimate that about one-third, or roughly 7%, comes from field application. SAMSON GROUP A/S’s existing product range has significant potential to reduce greenhouse gas emissions substantially. Few companies can match the innovation in product development and application techniques that SAMSON GROUP A/S delivers.Historically, the main focus regarding the application of natural fertiliser to fields has been on optimising nutrient utilisation. This mission has largely succeeded as the use of mineral fertiliser – the alternative to natural fertiliser – has been reduced by approximately 50% since the 1980s on fields in Denmark.Alongside our work on climate impact-reducing products, SAMSON GROUP has been committed to social and environmental responsibility for many years, ensuring proper working conditions and a responsible management culture.SAMSON GROUP A/S’s core values, which form the foundation for our daily conduct: integrity, responsibility, respect and dialogue. These values also drive our internal work on sustainability within the company.Working with sustainability is therefore by no means an unfamiliar concept to us. We believe it is part of our responsibility.SAMSON GROUP is a responsible company that takes its customers, employees and society seriously, and we therefore conduct our corporate governance in accordance with international principles of good governance and social responsibility for the benefit of society. Data ethics and GDPRIt is the Group’s policy at all times to ensure the responsible and proper use of data in alignment with the company’s IT security policy and applicable GDPR regulations. This policy covers customer data collected and processed by the Group as well as all other data the Group may process. Furthermore, the policy includes ethical data considerations relating to the Group’s suppliers and business partners. 940297000 947495000 14322000 12353000 3348000 3985000 2020000 1609000 449081000 470377000 0 0 111451000 89236000 3504000 2319000 383113000 391867000 12838000 11643000 306636000 296410000 19043000 14913000 35432000 32793000 1574000 1548000 3588000 1578000 0 0 37457000 61086000 -7779000 -4818000 0 0 22346000 30442000 1269000 2547000 6463000 9780000 14121000 19077000 9611000 11300000 24605000 44556000 11419000 24104000 10805000 19071000 -2381000 -1381000 13800000 25485000 13800000 25485000 69534000 68524000 0 0 11884000 9482000 9972000 7559000 29338000 35305000 0 0 21950000 14673000 0 0 132706000 127984000 9972000 7559000 252134000 187044000 0 0 33874000 23638000 0 0 8926000 6685000 0 0 2034000 19056000 0 0 296968000 236423000 0 0 0 0 448581000 425752000 295000 295000 0 0 295000 295000 448581000 425752000 429969000 364702000 458553000 433311000 160200000 130981000 0 0 31191000 75972000 0 0 104105000 150850000 0 0 295496000 357803000 0 0 425000 204000 0 0 76288000 71528000 0 0 0 0 120072000 131414000 0 0 2036000 1776000 6516000 9860000 107000 0 5796000 14195000 40000 7000 89025000 95787000 122255000 133197000 7370000 5223000 0 0 391891000 458813000 122255000 133197000 821860000 823515000 580808000 566508000 31950000 31950000 31950000 31950000 0 0 172671000 206859000 85760000 79182000 0 0 220000 -177000 0 0 262205000 259983000 175514000 132129000 5000000 5000000 5000000 5000000 385135000 375938000 385135000 375938000 29283000 28744000 1317000 1662000 14945000 20543000 0 0 44228000 49287000 1317000 1662000 3212000 4605000 0 0 39491000 42836000 0 0 48395000 57798000 41196000 57798000 11161000 1528000 0 0 102259000 106767000 41196000 57798000 73095000 22255000 16637000 16501000 82273000 140175000 57382000 89260000 164000 215000 0 0 55215000 59955000 1003000 593000 0 0 74881000 23329000 7307000 7954000 0 0 65232000 53530000 3257000 1427000 6952000 7439000 0 0 290238000 291523000 153160000 131110000 392497000 398290000 194356000 188908000 821860000 823515000 580808000 566508000 31950000 0 79182000 -177000 259983000 5000000 375938000 0 0 0 397000 0 0 397000 0 0 0 0 27000 0 27000 0 0 0 0 0 5000000 5000000 0 0 0 0 -27000 0 -27000 0 0 6578000 0 -6578000 0 0 0 0 0 0 8800000 5000000 13800000 31950000 0 85760000 220000 262205000 5000000 385135000 31950000 206859000 0 0 132129000 5000000 375938000 0 397000 0 0 0 0 397000 0 0 0 0 0 5000000 5000000 0 -34585000 0 0 43385000 5000000 13800000 31950000 172671000 0 0 175514000 5000000 385135000 13800000 25485000 59025000 68987000 -62306000 -31571000 6763000 30385000 4739000 40951000 12449000 -13061000 -5598000 -5356000 144006000 97060000 1269000 2544000 13981000 19077000 11199000 22982000 120095000 57545000 24926000 22424000 0 112000 76972000 29701000 525000 4644000 -101373000 -47369000 5000000 5000000 0 3267000 36403000 0 59122000 3977000 11144000 1748000 -16575000 -10496000 2147000 -320000 5223000 5543000 7370000 5223000 1. RevenueRevenue comprises the following activities:Revenue, Agro-activities940,298947,49600Revenue, Management fee0014,32212,353Total940,298947,49614,32212,353Revenue comprises the following geographical markets:Revenue, Denmark272,131319,46214,32212,353Revenue, EU and other countries668,167628,03400Total940,298947,49614,32212,353 2. Staff costsWages and salaries280,005271,28717,74113,806Pensions19,17918,0901,132904Other social security costs1,1601,0422825Other staff costs6,2925,991142178Total306,636296,41019,04314,913 583 613 11 9 Remuneration for the management:Remuneration for the Executive Board andBoard of Directors4,0054,020939957With reference to section 98b(3) no. 1 of the Danish Financial Statements Act, remuneration for theExecutive Board and Board of Directors are summarized for 2024/25 and 2023/24, as information wouldotherwise lead to amounts being shown for a single member of management. 3. Fees to auditors appointed by the generalmeetingStatutory audit of the financial statements9299499590Other services6599862968Total1,5881,047724158 4. Income from equity investments in groupenterprisesShare of profit or loss of group enterprises0025,41233,508Amortisation of goodwill00-3,066-3,066Total0022,34630,442 5. Financial incomeInterest, group enterprises006,4639,780Other financial income1,2692,54700Total1,2692,5476,4639,780 6. Financial expensesInterest, group enterprises001,7230Other financial expenses14,12119,0777,88811,300Total14,12119,0779,61111,300 7. Tax on profit for the yearCurrent tax for the year10,65912,006-2,036-1,776Adjustment of deferred tax for the year1466,055-345395Adjustment of tax in respect of previousyears01,01000Total 10,80519,071-2,381-1,381Tax on profit/loss for the year comprises:22% tax calculated on profit/loss for theyear before tax5,4259,8022,5244,353Tax on non-taxable income and non-deductible costs1,6492,766-4,905-5,734Adjustment of unrecognized deferred taxasset4,1615,87300Adjustment for other tax rates abroad-430-38000Adjustment of tax in respect of previousyears01,01000Total10,80519,071-2,381-1,381 0 0 -34585000 28508000 5000000 5000000 5000000 5000000 8800000 20485000 43385000 -8023000 13800000 25485000 13800000 25485000 9. Intangible assetsCompletedDevelopmentdevelopmentAcquiredprojects inFigures in DKK '000projectsrightsGoodwillprogressGroup:Costas at 01.07.24120,97714,89059,67414,673Foreign currency translation adjustment offoreign enterprises0300Additions during the year6,7183,986014,222Transfers during the year to/from otheritems6,94500-6,945Costas at 30.06.25134,64018,87959,67421,950Amortisation and impairment lossesas at 01.07.24-52,475-5,385-24,3720Foreign currency translation adjustment offoreign enterprises0-3600Amortisation during the year-12,631-1,574-5,9640Amortisation and impairment lossesas at 30.06.25-65,106-6,995-30,3360Carrying amountas at 30.06.2569,53411,88429,33821,950CompletedDevelopmentdevelopmentAcquiredprojects inFigures in DKK '000projectsrightsGoodwillprogressParent:Costas at 01.07.24010,37000Additions during the year03,98600Costas at 30.06.25014,35600Amortisation and impairment lossesas at 01.07.240-2,81000Amortisation during the year0-1,57400Amortisation and impairment lossesas at 30.06.250-4,38400Carrying amountas at 30.06.2509,97200The Group places strong emphasis on development activities targeted at its primary customersegment, which consists of professional users involved in outdoor handling of organic fertilizers.The Group’s continued substantial investments in product development are intended to supportthe strategy of maintaining its strong market position in Scandinavia, Northern Germany, andNorthern France, as well as strengthening its presence in selected export markets.The Group’s development projects are primarily based on further development of existingproducts and related components. Capitalized development projects include development hoursand materials. An annual review of the valuation of capitalized development projects isconducted, where the valuation is assessed based on historical sales resulting from similardevelopment projects and comparable factors.It is expected that the company’s ongoing development projects can be commercialized within1–3 years. 10. Property, plant and equipmentProperty,Other fixturesplant andLeaseholdand fittings,equipmentLand andimprove-Plant andtools andunderFigures in DKK '000buildingsmentsmachineryequipmentconstructionGroup:Costas at 01.07.24243,66829797,76642,78519,056Foreign currency translationadjustment of foreignenterprises-1130-173-274186Additions during the year11,742011,5922,19451,443Disposals during the year00-243-958-125Transfers during the yearto/from other items60,17505,3902,961-68,526Costas at 30.06.25315,472297114,33246,7082,034Depreciation and impairmentlossesas at 01.07.24-56,623-297-74,128-36,1000Foreign currency translationadjustment of foreignenterprises-8502553080Depreciation during the year-6,6300-6,758-2,6820Reversal of depreciation ofand impairment losses ondisposed assets001736920Depreciation and impairmentlossesas at 30.06.25-63,338-297-80,458-37,7820Carrying amountas at 30.06.25252,134033,8748,9262,034Interest for the yearrecognised in cost1,5550000Carrying amount of assetsheld under finance leasesas at 30.06.2562,987012,980600Property,Other fixturesplant andLeaseholdand fittings,equipmentLand andimprove-Plant andtools andunderFigures in DKK '000buildingsmentsmachineryequipmentconstructionParent:Costas at 01.07.240007170Costas at 30.06.250007170Depreciation and impairmentlossesas at 01.07.24000-7170Depreciation and impairmentlossesas at 30.06.25000-7170Carrying amountas at 30.06.2500000Interest for the yearrecognised in cost00000 11. Equity investments in group enterprisesEquity invest-ments in groupFigures in DKK '000enterprisesParent:Costas at 01.07.24222,321Additions during the year5,086Costas at 30.06.25227,407Revaluationsas at 01.07.24211,859Foreign currency translation adjustment of foreign enterprises396Net profit/loss from equity investments25,754Dividend relating to equity investments-5,000Changes in intra-group profit from inventories-338Revaluationsas at 30.06.25232,671Depreciation and impairment lossesas at 01.07.24-8,431Amortisation of goodwill-3,066Depreciation and impairment lossesas at 30.06.25-11,497Carrying amountas at 30.06.25448,581The item comprises goodwill as at 30.06.25 of19,162Positive balances ascertainable on initial recognition of equity investmentsmeasured at equity value30,659OwnershipName and registered office:interestSubsidiaries:Samson Agro A/S, Vibog %100Samson Agrolize A/S, Viborg %100Samson Agro SASU, Landivisiau, Frankrig %100Samson Agro Sp.z.o.o, Wolczyn, Polen %100Samson Agrolize AB, Halmstad, Sverige %10012. Other non-current financial assetsFigures in DKK '000DepositsGroup:Costas at 01.07.24295Costas at 30.06.25295Carrying amountas at 30.06.25295 13. Work in progress for third partiesWork in progress for third parties42520400Work in progress for third parties42520400 14. PrepaymentsAccruals primarily consist of prepaid expenses related to rent, insurance premiums, subscriptions,interest, and land purchases. 15. Share capitalThe share capital consists of:Total nominalQuantityvalue DKK'000Share capital31,95031,950The share capital has been fully paid in at the balance sheet date. 16. Deferred taxDeferred taxas at 01.07.2427,37622,6891,6621,267Deferred tax recognised in the incomestatement1,9076,055-345395Deferred taxas at 30.06.2529,28328,7441,3171,662 17. Other provisionsWarrantyFigures in DKK '000commitmentsOther provisionsGroup:Provisionsas at 01.07.2411,4409,123Applied during the year-3,265-168Provisions during the year1,800515Reversed provision in respect of previous years0-4,500Provisionsas at 30.06.259,9754,97030.06.2530.06.2430.06.2530.06.24DKK '000 DKK '000 DKK '000 DKK '000Other provisions are expected to bedistributed as follows:Non-current liabilities14,94520,54300Warranty obligations include expected warranty claims based on past experience regarding the levelof repairs and returned goods.Provisions are recognized when, at the balance sheet date, the Group has a legal or constructiveobligation, and it is probable that settlement of the obligation will result in an outflow of the Group’seconomic resources. 18. Long-term payablesOutstandingTotalTotalRepaymentdebt after 5payables atpayables atFigures in DKK '000first yearyears30.06.2530.06.24Group:Subordinate loan capital1,41204,6245,875Mortgage debt3,30862,47342,79946,049Payables to other credit institutions65,5930113,98874,299Lease commitments2,7824,28713,9432,799Total73,09566,760175,354129,022Parent:Payables to other credit institutions16,637057,83374,299Total16,637057,83374,299The subordinated loan capital is fully subordinated to both existing and future creditors of the groupcompany. The subordinated loan capital may be repaid in full or in part at any time with 30 days’notice prior to the end of a calendar quarter. In the event of payment default, the lender is not entitledto initiate legal action for recovery; however, default interest will accrue until payment is made.The group company is obligated to inform the lender in the event of dividend distribution and to makea proportional repayment of the subordinated loan capital as if it were equity. 19. Deferred incomeAccruals consist of advance payments received relating to income in subsequent years. 20. Contingent liabilitiesParent:Recourse guarantee commitmentsThe company has provided a guarantee for group enterprises' debt to credit institutions.Other contingent liabilitiesThe company is taxed jointly with the other companies in the group and has joint, several andunlimited liability for income taxes and any obligations to withhold tax at source on interest, royaltiesand dividends for the jointly taxed companies. For the jointly taxed companies is disclosed in theannual report of the administrative company, OveKi ApS. The liability also includes any subsequentcorrections to the calculated tax liability as a consequence of changes made to the jointly taxableincome etc. The company registers VAT jointly with its group enterprises and therefore has joint VAT liability. The company has issued a letter of support to Samson Agro Sp. z o.o and Samson Agro SASU., inwhich it declares its commitment to ensure the continued operations of Samson Agro Sp. z o.o andSamson Agro SASU. through loans or capital contributions. 21. Other commitmentsGroup:The group has concluded lease agreements with terms to maturity 4-72 months and total leasepayments of t.DKK 8.540. Parent:The company has no other commitments as at 30.06.25. 22. Charges and securityGroup:Land and buildings with a carrying amount of t.DKK 170.469 have been provided as security formortgage debt.The group has provided a company charge of t.DKK 15.000 as security for debt to credit institutions.As at 30.06.25, the company charge comprises the following assets with the following carryingamounts: Goodwill and intellectual property rights, t.DKK 74.187 Other plant, fixtures and fittings, tools and equipment, t.DKK 24.382 Inventories, t.DKK 113.422  Trade receivables, t.DKK 25.279Parent:The company has not provided any security over assets. 23. Related partiesRelated party transactions are not disclosed, as all transactions are entered into in the ordinary courseof business at arms’ length.Remuneration for the management is specified in note 2. Staff costs.The company is included in the consolidated financial statements of the parents Glerup A/S, Viborgog OveKi ApS, Viborg. 24. Adjustments for the cash flow statementOther operating income-64-254Depreciation, amortisation and impairments losses of intangible assetsand property, plant and equipment35,43232,793Other operating expenses078Financial income-1,269-2,547Financial expenses14,12119,078Tax on profit or loss for the year10,80519,071Other adjustments0768Total59,02568,987 true true Basis of recognition and measurementIncome is recognised in the income statement as earned, including value adjustments of financialassets and liabilities. All expenses, including depreciation, amortisation, impairment losses and write-downs, are also recognised in the income statement.Assets are recognised in the balance sheet when it is probable that future economic benefits will flowto the company, and the value of such assets can be measured reliably. Liabilities are recognised inthe balance sheet when it is probable that future economic benefits will flow from the company, andthe value of such liabilities can be measured reliably. On initial recognition, assets and liabilities aremeasured at cost. Subsequently, assets and liabilities are measured as described for each item below.On recognition and measurement, account is taken of foreseeable losses and risks arising before thedate at which the annual report is presented and proving or disproving matters arising on or beforethe balance sheet date.CONSOLIDATED FINANCIAL STATEMENTSThe consolidated financial statements comprise the parent and its subsidiaries in which the parentdirectly or indirectly holds more than 50% of the voting rights or by way of agreements exercisescontrol.All financial statements used for consolidation are prepared in accordance with the accountingpolicies of the group.The consolidated financial statements consolidate the financial statements of the parent and itssubsidiaries by adding together items of a uniform nature, eliminating intercompany income and ex-penditure, equity investments, intercompany balances and dividends as well as gains and lossesresulting from transactions between the consolidated enterprises to the extent that the underlyingassets and liabilities are not realised.CURRENCYThe annual report is presented in Danish kroner (DKK).On initial recognition, transactions denominated in foreign currencies are translated using theexchange rates applicable at the transaction date. Exchange rate differences between the exchangerate applicable at the transaction date and the exchange rate at the date of payment are recognised inthe income statement as a financial item. Receivables, payables and other monetary itemsdenominated in foreign currencies are translated using the exchange rates applicable at the balancesheet date. The difference between the exchange rate applicable at the balance sheet date and at thedate at which the receivable or payable arose or was recognised in the latest annual report isrecognised under financial income or expenses in the income statement. Fixed assets, inventories andother non-monetary assets acquired in foreign currencies are translated using historical exchangerates.On recognition of independent foreign entities, the income statements are translated at the exchangerates applicable at the transaction date or approximate average exchange rates. The balance sheetitems are translated using the exchange rates applicable at the balance sheet date. Foreign currencytranslation adjustments arising from the translation of equity at the beginning of the year using theexchange rates applicable at the balance sheet date and from the translation of income statementsfrom average exchange rates to the exchange rates applicable at the balance sheet date arerecognised directly in equity under the reserve for net revaluation according to the equity method inrespect of investments measured according to the equity method, and otherwise under the foreigncurrency translation reserve.Translation adjustments of intercompany balances with independent foreign entities, measured usingthe equity method and where the balance is considered to be part of the overall investment, arerecognised directly in equity under the foreign currency translation reserve. On the divestment offoreign entities, accumulated exchange differences are recognised in the income statement.LEASESLeases relating to assets where the company has substantially all the risks and benefits incidental tothe ownership of the asset (finance leases) are recognised in the balance sheet. On initial recognition,assets held under finance leases and related lease commitments are measured at the lower of the fairvalue of the leased asset and the present value of future lease payments. Subsequently, assets heldunder finance leases are treated like other similar assets.Lease commitments relating to assets held under finance leases are recognised in the balance sheetas payables. Subsequent to initial recognition, lease commitments are measured at amortised costaccording to which the interest element of the lease payment is recognised in the income statementover the lease term.Lease payments relating to operating leases are recognised in the income statement on a straight-linebasis over the lease term.INCOME STATEMENTRevenueIncome from the sale of goods is recognised in the income statement if delivery has taken place andthe risk has passed to the buyer before the end of the financial year and where the selling price can bedetermined reliably and is expected to be paid. Revenue is measured at fair value and is determinedexclusive of VAT and other taxes collected on behalf of third parties and less discounts.Income from construction contracts involving the delivery of highly customised assets are recognisedin the income statement as revenue according to the stage of completion. Accordingly, revenuecorresponds to the selling price of work performed during the year (percentage of completion method).Other operating incomeOther operating income comprises income of a secondary nature in relation to the enterprise’sactivities, including rental income, salary supplements and refunds, negative goodwill and gains onthe sale of intangible assets and property, plant and equipment.Costs of raw materials and consumablesCosts of raw materials and consumables comprise raw materials and consumables used for the year aswell as any changes in inventories, including any inventory wastage.Write-downs of inventories of raw materials and consumables are also recognised under raw materialsand consumables to the extent that these do not exceed normal write-downs.Other external expensesOther external expenses comprise costs relating to distribution, sales and advertising andadministration, premises and bad debts to the extent that these do not exceed normal write-downs.Staff costsStaff costs comprise wages and salaries as well as other staff-related costs.Depreciation, amortisation and impairment lossesThe depreciation and amortisation of intangible assets and property, plant and equipment aim atsystematic depreciation and amortisation over the expected useful lives of the assets. Assets are de-preciated and amortised according to the straight-line method based on the following expected usefullives and residual values:UsefulResiduallives,value,yearsper centCompleted development projects3-100Acquired rights2-100Goodwill100Buildings5-500-40Leasehold improvements50Plant and machinery5-70Other plant, fixtures and fittings, tools and equipment2-200-20Goodwill is amortised over 10 years. The useful life has been determined in consideration of theexpected future net earnings of the enterprise or activity to which the goodwill relates.Land is not depreciated.The basis of depreciation and amortisation is the cost of the asset less the expected residual value atthe end of the useful life. Moreover, the basis of depreciation and amortisation is reduced by anyimpairment losses. The useful life and residual value are determined when the asset is ready for useand reassessed annually.Intangible assets and property, plant and equipment are impaired in accordance with the accountingpolicies referred to in the ‘Impairment losses on fixed assets’ section.Other operating expensesOther operating expenses comprise costs of a secondary nature in relation to the enterprise’sactivities, including costs relating to rental activities and losses on the sale of intangible assets andproperty, plant and equipment.Income from equity investments in group entreprisesFor equity investments in subsidiaries that in the parent are measured using the equity method, theshare of the enterprises’ profit or loss is recognised in the income statement after elimination ofunrealised intercompany profits and losses and less any goodwill amortisation and impairment losses. Income from equity investments in equity investments in subsidiaries also comprises gains and losseson the sale of equity investments.Other net financialsInterest income and interest expenses, the interest element of finance lease payments, foreignexchange gains and losses on transactions denominated in foreign currencies etc. are recognised inother net financials.Amortisation of capital losses and borrowing costs relating to financial liabilities is recognised on anongoing basis as financial expenses.Tax on profit/loss for the yearThe current and deferred tax for the year is recognised in the income statement as tax on theprofit/loss for the year with the portion attributable to the profit/loss for the year, and directly in equitywith the portion attributable to amounts recognised directly in equity.The company is jointly taxed with Danish consolidated enterprises. In connection with the settlement of joint taxation contributions, the current Danish income tax isallocated between the jointly taxed enterprises in proportion to their taxable incomes. This means thatenterprises with a tax loss receive joint taxation contributions from enterprises which have been ableto use this loss to reduce their own taxable profit. BALANCE SHEETIntangible assetsCompleted development projects and development projects in progressDevelopment projects are recognised in the balance sheet where the project aims at developing aspecific product or a specific process, intended to be produced or used, respectively, by the companyin its production process. On initial recognition, development projects are measured at cost. Costcomprises the purchase price plus expenses resulting directly from the purchase, including wages andsalaries directly attributable to the development projects until the asset is ready for use. Interest onloans arranged to finance development projects in the development period is not included in the cost.Other development projects and development costs are recognised in the income statement in theyear in which they are incurred.Development projects in progress are transferred to completed development projects when the asset isready for use. Development projects are subsequently measured in the balance sheet at cost less accumulatedamortisation and impairment losses.Completed development projects are amortised using the straight-line method based on useful lives,which are stated in the ‘Depreciation, amortisation and impairment losses’ section.Acquired rightsAquired rights are measured in the balance sheet at cost less accumulated amortisation andimpairment losses.Acquired rights are amortised using the straight-line method based on useful lives, which are statedin the ‘Depreciation, amortisation and impairment losses’ section.GoodwillGoodwill is measured in the balance sheet at cost less accumulated amortisation and impairmentlosses.Goodwill is amortised using the straight-line method based on useful lives, which are stated in the‘Depreciation, amortisation and impairment losses’ section.Gains or losses on the disposal of intangible assetsGains or losses on the disposal of intangible assets are determined as the difference between theselling price, if any, less selling costs and the carrying amount at the date of disposal.Property, plant and equipmentProperty, plant and equipment comprise land and buildings, leasehold improvements, plant andmachinery as well as other fixtures and fittings, tools and equipment.Property, plant and equipment are measured in the balance sheet at cost less accumulateddepreciation and impairment losses. Cost comprises the purchase price and expenses resulting directly from the purchase until the asset isready for use. Interest on loans arranged to finance production is included in the cost.The total cost of an asset is decomposed into separate components that are depreciated separately ifthe useful lives of the individual components vary.Property, plant and equipment are depreciated using the straight-line method based on useful livesand residual values, which are stated in the ‘Depreciation, amortisation and impairment losses'section.Property, plant and equipment under constructionProperty, plant and equipment under construction are measured at cost. Costs incurred on property,plant and equipment under construction are transferred to the relevant asset category when the assetis ready for use.Gains and losses on the disposal of property, plant and equipmentGains and losses on the disposal of property, plant and equipment are determined as the differencebetween the selling price, if any, less selling costs and the carrying amount at the date of disposal lessany costs of disposal.Equity investments in group entreprisesEquity investments in subsidiaries are recognised and measured according to the equity method inthe balance sheet of the parent. For equity investments in subsidiaries, the equity method isconsidered a measurement method.On initial recognition, equity investments measured according to the equity method are measured atcost. Transaction costs directly attributable to the acquisition are recognised in the cost of equityinvestments. However, transaction costs on the acquisition of subsidiaries are recognised in theincome statement in the consolidated financial statements at the date incurred. On subsequent recognition and measurement of equity investments according to the equity method,equity investments are measured at the proportionate share of the enterprises' equity value,determined according to the accounting policies of the parent, adjusted for the remaining value ofgoodwill and gains and losses on transactions with the enterprises in question. Equity investments,where information for recognition according to the equity method is not known, are measured at cost.Gains or losses on disposal of equity investments are determined as the difference between thedisposal consideration and the carrying amount of net assets at the time of sale, including non-amortised goodwill, as well as the expected costs of divestment or discontinuation. Gains and lossesare recognised in the income statement under income from equity investments.Impairment losses on fixed assetsThe carrying amount of fixed assets which are not measured at fair value is assessed annually forindications of impairment over and above what is reflected in depreciation and amortisation.If the company's realised return on an asset or a group of assets is lower than expected, this isconsidered an indication of impairment.If there are indications of impairment, an impairment test is conducted of individual assets or groupsof assets.The assets or groups of assets are impaired to the lower of recoverable amount and carrying amount.The higher of net selling price and value in use is used as the recoverable amount. The value in use isdetermined as the present value of expected net cash flows from the use of the asset or group ofassets as well as expected net cash flows from the sale of the asset or group of assets after the expiryof their useful lives.Impairment losses are reversed when the reasons for the impairment no longer exist. Impairmentlosses on goodwill are not reversed, unless goodwill is included in the carrying amount of equityinvestments.InventoriesInventories are measured at cost calculated according to weighted average prices. Inventories arewritten down to the lower of cost and net realisable value.The cost of raw materials and consumables as well as goods for resale is determined as purchaseprices plus expenses resulting directly from the purchase.The cost of manufactured finished goods and work in progress is determined as the value of direct andindirect material and labour costs. Production overheads include indirect material and labour costs aswell as maintenance and depreciation of machinery, buildings and equipment used in the productionprocess as well as the costs of factory administration and management. Interest on loans arranged tofinance production is not included in the cost.The net realisable value of inventories is determined as the selling price less costs of completion andcosts necessary to make the sale and is determined taking into account marketability, obsolescenceand the expected development in the selling price.ReceivablesReceivables are measured at amortised cost, which usually corresponds to the nominal value, lesswrite-downs for bad debts.Write-downs for bad debts are determined based on an individual assessment of each receivable ifthere is no objective evidence of individual impairment of a receivable.Deposits recognised under assets comprise deposits paid to the lessor under leases entered into bythe company.Work in progress for third partiesWork in progress for third parties is measured at the selling price of the work performed less on-account invoicing made for each piece of work in progress.The selling price is measured according to the stage of completion at the balance sheet date and totalexpected income from each piece of work in progress. The degree of completion for each piece ofwork in progress is normally calculated as the ratio between the resources spent and the totalbudgeted resource consumption. For some work in progress where the resource consumption cannotbe used as a basis, the ratio between completed subactivities and the combined subactivities for theindividual piece of work in progress is used instead.When the selling price of a piece of work in progress cannot be determined reliably, the selling price ismeasured at the lower of costs incurred and net realisable value.The individual piece of work in progress is recognised under receivables or payables in the balancesheet depending on whether the net value of the selling price less prepayments received is positive ornegative.When it is likely that the total costs of the individual piece of work in progress will exceed total salesincome, the total expected loss is recognised as a provision.PrepaymentsPrepayments recognised under assets comprise costs incurred in respect of subsequent financialyears.CashCash includes deposits in bank accounts as well as operating cash.EquityThe proposed dividend for the financial year is recognised as a separate item in equity.The net revaluation of equity investments measured according to the equity method is recognized inthe financial statements of the parent in the net revaluation reserve in equity according to the equitymethod to the extent that the carrying amount exceeds the cost. Dividends from subsidiaries whichare adopted before adoption of the annual report for SAMSON GROUP A/S are not tied up in therevaluation reserve (simultaneous principle).An amount equivalent to internally generated development costs in the balance sheet is recognised inthe financial statements of the parent in equity under reserve for development costs. The reserve ismeasured less deferred tax and reduced by amortisation and impairment losses on the asset. Ifimpairment losses on development costs are subsequently reversed, the reserve will be restored witha corresponding amount. The reserve is dissolved when the development costs are no longerrecognized in the balance sheet, and the remaining amount will be transferred to retained earnings.Unrealised foreign currency gains and losses from the translation of the net investment in independentforeign entities are recognised in equity under the foreign currency translation reserve. The reserve isdissolved when the independent foreign entities are disposed of.ProvisionsOther provisions comprise expected expenses incidental to warranty commitments, loss on work inprogress, restructuring etc. and are recognised when the company has a legal or constructiveobligation at the balance sheet date and it is probable that such obligation will draw on the financialresources of the company. Provisions are measured at net realisable value or fair value if the provisionis expected to be settled over the longer term.Warranty commitments comprise the obligation to repair defective work within the warranty period of1-5 years. Warranty commitments are measured at net realisable value and recognised based onprevious years’ experience with warranty work. Current and deferred taxCurrent tax payable and receivable is recognised in the balance sheet as tax computed on the basis ofthe taxable income for the year, adjusted for tax paid on account.Joint taxation contributions payable and receivable are recognised as income tax under receivables orpayables in the balance sheet.Deferred tax liabilities and tax assets are recognised on the basis of all temporary differences betweenthe carrying amounts and tax bases of assets and liabilities. However, deferred tax is not recognisedon temporary differences relating to goodwill which is non-amortisable for tax purposes and otheritems where temporary differences, except for acquisitions, have arisen at the date of acquisitionwithout affecting the net profit or loss for the year or the taxable income. In cases where the tax valuecan be determined according to different taxation rules, deferred tax is measured on the basis ofmanagement’s intended use of the asset or settlement of the liability.Deferred tax assets are recognised, following an assessment, at the expected realisable value throughoffsetting against deferred tax liabilities within the same tax jurisdiction or elimination in tax on futureearnings.Deferred tax is measured on the basis of the tax rules and at the tax rates in the respective countrieswhich, according to the legislation in force at the balance sheet date, will be applicable when thedeferred tax is expected to crystallise as current tax.PayablesWith subordinate loan capital, the creditor has subordinated its claim to those of all other creditors ofthe company.Long-term payables are measured at cost at the time of contracting such liabilities (raising of theloan). The payables are subsequently measured at amortised cost where capital losses and loanexpenses are recognised in the income statement as a financial expense over the term of the payableon the basis of the calculated effective interest rate in force at the time of contracting the liability.Short-term financial payables are measured at amortised cost, normally corresponding to the nominalvalue of such payables. Other short-term payables are measured at net realisable value. Prepayments received from customersPrepayments received from customers comprise amounts received from customers prior to the timeand date of delivery of the agreed product or completion of the agreed service.Deferred incomeDeferred income under liabilities comprises payments received in respect of income in subsequentfinancial years.CASH FLOW STATEMENTThe cash flow statement is prepared using the indirect method, showing cash flows from operating,investing and financing activities as well as cash and cash equivalents at the beginning and end ofthe year.Cash flows from operating activities comprise the net profit or loss for the year, adjusted for non-cashoperating items, income tax paid and changes in working capital.Cash flows from investing activities comprise payments in connection with the acquisition anddivestment of companies and financial assets as well as the purchase, development, improvement andsale of intangible assets and property, plant and equipment.Cash flows from financing activities comprise changes in the parent’s share capital and associatedcosts and financing from and dividends paid to shareholders as well as the arrangement and repay-ment of long-term payables. Cash flows from financing activities also comprise finance leasepayments.Cash and cash equivalents at the beginning and end of the year comprise cash.Referring to section 86(4) of the Danish Financial Statements Act a cash flow statement has not beenprepared for the parent as the parent is included in the consolidated cash flow statement. Annual report Auditor's report on audited financial statements ParsePort XBRL Converter 2024-07-01 2025-06-30 2023-07-01 2024-06-30 2025-10-10 Reporting class C, large enterprise 2025-10-10 32895468 Beierholm Godkendt Revisionspartnerselskab Langagervej 1 9220 Aalborg Øst Opinion Basis for Opinion 2025-10-10 32895468 Beierholm Approved Public Accountants