36059117 2024-07-01 2025-06-30 36059117 2024-07-01 2025-06-30 0 36059117 2024-07-01 2025-06-30 0 36059117 2024-07-01 2025-06-30 1 36059117 2024-07-01 2025-06-30 2 36059117 2023-07-01 2024-06-30 36059117 2025-06-30 36059117 2024-06-30 36059117 2023-07-01 fsa:ContributedCapitalMember 36059117 2023-07-01 fsa:RetainedEarningsMember 36059117 2024-07-01 2025-06-30 fsa:RetainedEarningsMember 36059117 2025-06-30 fsa:ContributedCapitalMember 36059117 2025-06-30 fsa:RetainedEarningsMember xbrli:pure iso4217:DKK 36059117 Nowa ApS Amerikakajen 1 4220 Korsør Ingen bistand Årsrapport Regnskabsklasse B 2024-07-01 2025-06-30 2023-07-01 2024-06-30 true 1 NOWA ApS Amerikakajen 1, st, Amerikakajen 1, st, 4220 Korsør 36059117 11 2025-12-26 Niels Ahlmann-Ohlsen Today, Management has considered and adopted the Annual Report of NOWA ApS for the financial year 1 July 2024 - 30 June 2025. The Annual Report is presented in accordance with the Danish Financial Statements Act. In our opinion, the Financial Statements give a true and fair view of the assets, liabilities and financial position of the Company at 30 June 2025 and of the results of the Company's operations for the financial year 1 July 2024 - 30 June 2025. In our opinion, the Management's Review includes a true and fair account of the matters addressed in the review. The conditions for not conducting an audit of the Financial Statement have been met. We recommend that the Annual Report be adopted at the Annual General Meeting. Korsør 2025-12-26 Jan Richard Manager Niels Ahlmann-Ohlsen Stig Axel Andersson Hans Flindt Chairman Member Member NOWA ApS 4220 Korsør 71741070 info@nowa.gl 36059117 2014-08-01 2024-07-01 2025-06-30 Sydbank A/S Axeltorv 4 4700 Næstved The Company's principal activitiesThe company's main activities consist of designing solutions within water supply. Development in the activities and the financial situation of the CompanyNowa continues to operate as a development company focusing on implementing global water supply solutions a concept characterized by simplicity and efficient execution across the entire value chain.According to UN Water, the following observations apply to water scarcity:“Water can be scarce for many reasons: demand may exceed supply, water infrastructure may be inadequate, or institutions may be unable to balance the needs of all.Water scarcity is an increasing challenge across all continents, with poor communities being the most severely affected. To build resilience to climate change and meet the needs of a growing population, an integrated and inclusive approach to managing this limited resource is essential.”To address the accelerating global water shortage, Nowa has developed a method for transporting large quantities of drinking water on an economically viable basis. Water is shipped in large tankers from regions with a water surplus to areas experiencing shortage. The project builds on existing technologies and prioritizes the development of green and sustainable solutions.Nowa continues to participate in an EU partnership program together with several European companies aimed at developing new methods for transporting drinking water in large flexible containers. Such deliveries can provide local relief in connection with droughts, particularly in island states and remote coastal regions. The method can also help mitigate increasingly frequent water shortages resulting from natural disasters, droughts, and floods, where water supplies are often contaminated.During the year, Nowa has continued its global marketing efforts to promote its solutions. The company has focused particularly on markets in Southern Europe and the Middle East, where demand for water is increasing and potential customers view Nowa's solution as an opportunity for flexible, high-quality water supply in large volumes with reliable delivery, avoiding the substantial investments typically required for permanent infrastructure.Nowa has developed a “Flexibag System” enabling delivery of containers holding 26,000 liters of drinking water. The targeted markets for this product include cruise lines, the merchant shipping industry, and NGOs. Additionally, the retail sector has shown strong interest in Flexibags as a means to offer consumers high-quality water in an innovative and sustainable manner. This product is particularly relevant for emergency relief operations.Furthermore, Nowa has developed a product for shipping smaller quantities of water by tanker vessels for industrial use in regions experiencing general water scarcity.Nowa has initiated a collaboration proposal with a leading global consultancy to validate and further develop the company's business model.Over the past year, Nowa has engaged in several meetings and discussions with representatives of partners, governments, and international organizations, aiming to conclude agreements for the supply of drinking water from both Iceland and Greenland.During the financial year, Nowa has worked intensively to obtain the necessary permits for water extraction in both Greenland and Iceland, while investing in building a strong local presence and network in both markets, particularly in Greenland.All of the above activities have been carried out without financing from credit institutions. Nowa is now ready to enter the next phase, seeking significant investment to support its infrastructure solutions. Toward the end of the year, the company entered into a cooperation agreement with a private financing partner who, in addition to providing loans and capital, contributed to optimizing Nowa's ownership structure to enhance its attractiveness to international investors with whom Nowa maintains ongoing dialogue.The implementation of the project is expected to include the recruitment of key operational personnel in Denmark, Greenland, and Iceland to realize Nowa's value chain.The Company's Income Statement of the financial year 1 July 2024 - 30 June 2025 shows a result of DKK -17.166.308 and the Balance Sheet at 30 June 2025 a balance sheet total of DKK 8.810.669 and an equity of DKK -25.973.747. The annual report of NOWA ApS for 2024/25 has been presented in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B. Basis of recognition and measurementThe financial statement have been prepared under the historical cost principle.Income is recognised in the income statement as it is earned, including value adjustments of financial assets and liabilities that are measured at fair value or amortized cost. Moreover, all expenses incurred to achieve the earnings for the year are recognised in the income statement, including depreciation, amortization, impairment losses and provisions as well as reversals due to changed accounting estimates of amounts that have previously been recognised in the income statement. Assets are recognised in the balance sheet when it is probable that future economic benefits attributable to the asset will accrue to the Company, and the value of the asset can be measured reliably.Liabilities are recognised in the balance sheet when it is probable that future economic benefits attributable to the asset will flow out of the Company, and the value of the liability can be measured reliably. At initial recognition, assets and liabilities are measured at cost. Subsequently, assets and liabilities are measured as described for each item below. Certain financial assets and liabilities are measured at amortised cost, which involves the recognition of a constant effective interest rate over the term. Amortised cost is calculated as original cost less repayments and with the addition/deduction of the accumulated amortisation of the difference between the cost and the nominal amount. This way, exchange losses and gains are allocated over the term. In connection with recognition and measurement, consideration is given to predictable losses and risks occurring prior to the presentation of the financial statement, i.e. losses and risks which prove or disprove matters which exist at the balance sheet date. Income statement RevenueRevenue is recognised in the income statement if the goods have been delivered and the risk has passed to the buyer before year-end and if the revenue can be reliably calculated and expected to be received. Revenue is recognised excluding VAT and all discounts granted are recognised in revenue. Other external expensesOther external expenses include expenses for distribution, sales, advertising, administration, premises, bad debts, operating leasing expenses etc. Staff costsStaff costs include wages and salaries including compensated absence and pension to the Companies employees, as well as other social security contributions etc. Amortisation and impairment of tangible and intangible assetsAmortization and impairment of intangible assets, property, plant and equipment has been performed based on a continuing assessment of the useful life of the assets in the Company. Non-current assets are amortized on a straight line basis, based on cost, on the basis of the following assessment of useful life and residual values:Useful lifeResidual valueConcessions, patents, licences, trademarks and other similar rights10 years0% Financial income and expensesFinancial income and expenses are recognised in the income statement based at the amounts that concern the financial year. Financial income and expenses include interest revenue and expenses, financial expenses of finance leases, realised and unrealised capital gains and losses regarding securities, accounts payable and transactions in foreign currencies, repayment on mortgage loans, and surcharges and allowances under the advance-payment of tax scheme.Dividends from other investments are recognised as income in the financial year in which the dividends are declared. Tax on net profit for the yearTax on net profit/loss for the year comprises current tax on expected taxable income of the year and the year's adjustment of deferred tax less the part of the tax of the year that relates to changes in equity. Current and deferred tax regarding changes in equity is recognised directly in equity. Balance sheet Other intangible assets, including licenses and acquired rights etc., are measured at cost less accumulated amortization and impairment losses. Long term investments and receivablesDepositsDeposits are measured at cost. Equity investments in group enterprises and associatesEquity investments in group enterprises and associates are measured at cost. Dividends that exceed accumulated earnings of the group enterprise or the associate during the ownership period are treated as a reduction of the cost. If cost exceeds the net realizable value, a write-down to this lower value will be performed. ReceivablesReceivables are measured at amortized cost which usually corresponds to the nominal value. The value is reduced by write-downs for expected bad debts.Impairment of accounts receivables past due is established on individual assessment of receivables. Cash and cash equivalentsCash and cash equivalents comprise cash at bank and in hand as well as short-term securities with a term of less than three months which can be converted directly into cash at bank and in hand and involve only an insignificant risk of value changes. EquityEquity comprises the working capital and a number of equity items that may be statutory or stipulated in the articles of association. LiabilitiesFinancial liabilities are recognised initially at the proceeds received net of transaction expenses incurred. In subsequent periods, financial liabilities are measured at amortized cost, corresponding to the capitalized value using the effective interest method, so that the difference between the proceeds and the nominal value is recognised in the income statement over the life of the financial instrument.Mortgage debt is accordingly measured at amortized cost, corresponding to the outstanding balance in case of cash loans. In case of bond loans, amortized cost corresponds to the outstanding balance determined as the underlying cash value of the loans at the time of borrowing adjusted for amortisation of capital losses on the loans over the repayment period. Other liabilities are measured at net realisable value. Other payablesOther payables are measured at amortized cost, which usually corresponds to the nominal value.Contingent assets and liabilitiesContingent assets and liabilities are not recognised in the Balance Sheet but appear only in the notes. Accruals and deferred income entered as liabilitiesAccruals and deferred income entered as liabilities consist of payments received regarding income in the subsequent financial years. -16283999 -1891256 2243185 464685 0 508000 -18527185 -2863941 -413 -1299 3475251 519070 -22002849 -3384310 -4836540 -738685 -17166309 -2645625 17166309 2645625 1 0 1811 0 13518 13519 15331 13519 15331 13519 7887618 3051078 713031 967499 8600649 4018577 194690 565729 8795339 4584306 8810670 4597825 50000 50000 -26023746 -8857437 -25973746 -8807437 19922945 1981949 698827 138038 13791144 11285275 371500 0 34784416 13405262 34784416 13405262 8810670 4597825 50000 -8857438 -17166309 50000 -26023747 1. Disclosure in long-term investments in group enterprises and associatesGroup enterprisesNameRegistered officeShare held in %EquityProfitRee & Minerals ApSKorsør100,00-6.924-5.263-6.924-5.263 2. Collaterals and securitiesNo securities or mortgages exist at the balance sheet date. 3. Employee benefits expenseWages and salaries2.071.715460.805Social security contributions15.0823.880Other employee expense156.38802.243.185464.685Average number of employees31 3 1