42985449 2024-09-01 2025-08-31 42985449 2024-09-01 2025-08-31 1 42985449 2024-09-01 2025-08-31 2 42985449 2024-09-01 2025-08-31 1 42985449 2023-09-01 2024-08-31 42985449 2025-08-31 42985449 2024-08-31 42985449 2024-09-01 c:ContributedCapitalMember 42985449 2024-09-01 c:RetainedEarningsMember 42985449 2024-09-01 c:ProposedDividendRecognisedInEquityMember 42985449 2024-09-01 2025-08-31 c:ProposedDividendRecognisedInEquityMember 42985449 2024-09-01 2025-08-31 c:RetainedEarningsMember 42985449 2025-08-31 c:ContributedCapitalMember 42985449 2025-08-31 c:RetainedEarningsMember 42985449 2025-08-31 c:ProposedDividendRecognisedInEquityMember 42985449 2024-09-01 c:FixturesFittingsToolsAndEquipmentMember 42985449 2024-09-01 c:LeaseholdImprovementsMember 42985449 2024-09-01 2025-08-31 c:FixturesFittingsToolsAndEquipmentMember 42985449 2024-09-01 2025-08-31 c:LeaseholdImprovementsMember 42985449 2025-08-31 c:FixturesFittingsToolsAndEquipmentMember 42985449 2025-08-31 c:LeaseholdImprovementsMember 42985449 2024-09-01 c:DepositsLongtermInvestmentsAndReceivablesMember 42985449 2024-09-01 2025-08-31 c:DepositsLongtermInvestmentsAndReceivablesMember 42985449 2025-08-31 c:DepositsLongtermInvestmentsAndReceivablesMember iso4217:DKK xbrli:pure true BDO Statsautoriseret Revisionspartnerselskab Visionsvej 51 DK-9000 Aalborg 45719375 Årsrapport 2025-12-17 Benjamin Biegel Alpha Energy ApS Hermodsvej 5B 8230 Åbyhøj Erklæring om udvidet gennemgang 42985449 2022-01-06 Aarhus 2024-09-01 2025-08-31 2023-09-01 2024-08-31 BDO Statsautoriseret Revisionspartnerselskab Visionsvej 51 9000 Aalborg Sydbank A/S Store Torv 12 8000 Aarhus Advokatfirmaet Børge Nielsen Hasserisvej 174 9000 Aalborg Today the Executive Board have discussed and approved the Annual Report of Alpha Energy ApS for the fi­nan­ci­al year 1 September 2024  - 31 August 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 Company's assets, liabilities and financial position at 31 August 2025 and of the results of the Company's operations for the fi­nan­ci­al year 1 September 2024  - 31 August 2025. The Management Commentary includes in our opinion a fair presentation of the matters dealt with in the Commentary. We recommend the Annual Report be approved at the Annual General Meeting. Aarhus 2025-12-16 Benjamin Biegel Kasper Fløe Trillingsgaard To the Shareholder of Alpha Energy ApS Konklusion We ha­ve per­for­med an extended review of the Fi­nan­ci­al Sta­te­ments of Alpha Energy ApS for the fi­nan­ci­al year 1 September 2024 - 31 August 2025, which comprise income statement, Balance Sheet, sta­te­ment of chan­ges in e­qui­ty and no­tes, including a summary of significant accounting policies. The Fi­nan­ci­al Sta­te­ments are pre­pared under the Danish Financial State­ments Act.   Based on the work performed in our o­pi­ni­on, the Fi­nan­ci­al Sta­te­ments gi­ve a true and fair vi­ew of the Com­pa­ny's financial position at 31 August 2025 and of the results of the Com­pa­ny's operations for the fi­nan­ci­al year 1 September 2024 - 31 August 2025 in accordance with the Danish Financial Statements Act.   Basis for ConclusionGrundlag for konklusion We conducted our extended review in accordance with the Danish Business Authority's Assurance Standard for Small Enterprises and FSR – Danish Auditors' standard on extended review of Financial Statements prepared in accordance with the Danish Financial Statements Act. Our responsibilities under those standards and requirements are further described in the "Auditor's Responsibilities for the Extended Review of the Fi­nan­ci­al Sta­te­ments” section of our report. We are independent of the Com­pa­ny in accordance with the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (including International Independence Standards) (IESBA Code), together with the ethical requirements that are relevant to our audit of the Financial Statements in Denmark, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code. We be­lie­ve that the e­vi­den­ce we ha­ve ob­tai­ned is suf­fi­ci­ent and ap­prop­ria­te to pro­vi­de a ba­sis for our con­clu­si­on.   Grundlag for konklusion Management's Re­spon­si­bi­li­ti­es for the Fi­nan­ci­al Sta­te­ments Management is responsible for the preparation of Fi­nan­ci­al Sta­te­ments that give a true and fair view in accordance with the Danish Financial Statements Act, and for such Internal control as Ma­na­ge­ment determines is necessary to enable the preparation of Fi­nan­ci­al Sta­te­ments that are free from material misstatement, whether due to fraud or error.   In preparing the Fi­nan­ci­al Sta­te­ments, Ma­na­ge­ment is responsible for assessing the Com­pa­ny's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting in preparing the Fi­nan­ci­al Sta­te­ments unless Management either intends to liquidate the Com­pa­ny or to cease operations, or has no realistic alternative but to do so.   Our responsibility is to express a conclusion on the Fi­nan­ci­al Sta­te­ments. This requires that we plan and perform procedures in order to obtain limited assurance for our conclusion on the Fi­nan­ci­al Sta­te­ments and in addition perform specifically required supplementary procedures to obtain further assurance for our conclusion.   An extended review comprises procedures that primarily consist of making inquiries of Ma­na­ge­ment and others within the Company, as appropriate, analytical procedures and the specifically required supplementary procedures as well as evaluation of the evidence obtained.   The procedures performed in an extended review are less than those performed in an audit, and accordingly, we do not express an audit opinion on the Fi­nan­ci­al Sta­te­ments.   Statement on the Management Commentary Management is responsible for the Ma­na­ge­ment Com­men­ta­ry.   Our conclusion on the Fi­nan­ci­al Sta­te­ments does not cover the Ma­na­ge­ment Com­men­ta­ry, and we do not express any form of assurance conclusion thereon.   In connection with our extended review of the Fi­nan­ci­al Sta­te­ments, our responsibility is to read the Ma­na­ge­ment Com­men­ta­ry and, in doing so, consider whether the Ma­na­ge­ment Com­men­ta­ry is materially inconsistent with the Fi­nan­ci­al Sta­te­ments or our knowledge obtained during the extended review, or otherwise appears to be materially misstated.   Moreover, it is our responsibility to consider whether the Ma­na­ge­ment Com­men­ta­ry provides the information required under the Danish Financial Statements Act.   Based on the work we have performed, we conclude that the Ma­na­ge­ment Com­men­ta­ry is in accordance with the Fi­nan­ci­al Sta­te­ments and has been prepared in accordance with the requirements of the Danish Financial Statements Act. We did not identify any material misstatement in the Ma­na­ge­ment Com­men­ta­ry.   Aalborg 2025-12-16 BDO Statsautoriseret Revisionspartnerselskab 45719375 Søren Engelund Bærentsen Erklæring om udvidet gennemgang State Authorised Public Accountant mne33757 Principal activities The principal activities comprise trading financial power in Europe.  Alpha Energy strives to predict changes in prixes of energy by analyzing large amounts of data.    Significant events after the end of the financial year No events have occurred after the end of the financial year of material importance for the Company's financial position.   73107340 21481676 4345005 1801312 130572 1334 68631763 19679030 1659550 1208519 3345417 696979 66945896 20190570 14902754 4443258 52043142 15747312 12000000 4000000 40043142 11747312 52043142 15747312 202728 78699 532937 0 735665 78699 12500 30335 12500 30335 748165 109034 27464865 8057215 40741025 26672010 262623 423085 68468513 35152310 60437631 17303992 128906144 52456302 129654309 52565336 1000000 1000000 71301380 31258238 12000000 4000000 84301380 36258238 72743 97187 72743 97187 14927198 4178432 14927198 4178432 882 0 2764032 5516039 17077363 42117 4525241 5617172 30352988 12031479 45280186 16209911 129654309 52565336 DKKSha­re ca­pi­talRetained earningsProposed dividendTotal Equity at 1 September 20241,000,00031,258,2384,000,00036,258,238 -12,000,000 Proposed profit allocation 40,043,14212,000,00052,043,142 Transactions with ownersDividend paid -4,000,000-4,000,000 Equity at 31 August 20251,000,00071,301,38012,000,00084,301,380 1000000 31258238 4000000 -12000000 40043142 -4000000 1000000 71301380 12000000 1 | Staff costs Ave­ra­ge num­ber of full ti­me em­ploy­ees42 Wages and salaries 4,255,5141,772,591 Pensions 48,0004,000 Social security costs 26,64614,752 Other staff costs 14,8459,969 4,345,0051,801,312 4 2 4255514 1772591 48000 4000 26646 14752 14845 9969 4345005 1801312 2 | Other financial expenses Other interest expenses 3,345,417696,979 3,345,417696,979 3345417 696979 3345417 696979 14927198 4447432 -24444 -4174 4 | Property, plant and equipment DKKOther plant, fixtures and equipmentLeasehold improvements Cost at 1 September 2024 80,0330 Additions 148,195639,343 Cost at 31 August 2025 228,228639,343   Depreciation and impairment losses at 1 September 2024 1,3340 Depreciation for the year 24,166106,406 Depreciation and impairment losses at 31 August 2025 25,500106,406 Carrying amount at 31 August 2025202,728532,937 80033 0 148195 639343 228228 639343 1334 0 24166 106406 25500 106406 202728 532937 5 | Financial non-current assets DKKFixed asset investments Cost at 1 September 2024 30,335Additions 12,500Disposals -30,335Cost at 31 August 2025 12,500  Carrying amount at 31 August 202512,500 30335 12500 30335 12500 12500 6 | Long-term liabilities 31/8 2025RepaymentDebt outstanding31/8 2024DKKtotal liabilitiesnext yearafter 5 yearstotal liabilities Corporation tax 14,927,198004,178,432 14,927,198004,178,432 0 7 | Charges and securities As security for the Company's debt to the stock exchanges the Company has provided locked security accounts for a total amount of DKK ('000) 16.132 The Annual Report of Alpha Energy ApS for 2024/25 has been presented in accor­dance with the pro­vi­sions of the Da­nish Fi­nan­ci­al State­ments Act for en­ter­pri­ses in re­por­ting class B  and cer­tain pro­vi­si­ons ap­ply­ing to re­por­ting class C.  Regnskabsklasse B1truetrueThe Annual Report is prepared consistently with the accounting principles applied last year.   Regnskabsklasse B true Net revenue Net revenue from is recognised in the Income Statement if supply and risk transfer to purchaser has taken place before the end of the year and if the income can be measured reliably and is expected to be received.   Net revenue is recognised exclusive of VAT and less duties and discounts related to the sale.   Other external expenses Other external expenses include other sales and administrative costs, including costs of energy, marketing, premises etc   Staff costs Staff costs comprise wages and salaries, including holiday pay and pensions, and other costs of social security etc., for the Com­pa­ny's employees. Repayments from public authorities are deducted from staff costs.   Financial income and expenses Financial income and expenses include interest income and expenses, financial expenses of finance leases, realised and unrealised gains and losses arising from securities, debt and transactions in foreign currencies, as well as charges and allowances under the tax-on-account scheme, etc. Financial income and expenses are recognised by the amounts that relate to the financial year. Interest income and expenses are calculated on amortised cost prices.   Tax The tax for the year, which consists of the current tax for the year and changes in deferred tax, is recognised in the Income Statement by the share that may be attributed to the profit for the year, and is recognised directly in equity by the share that may be attributed to entries directly to equity.   Property, plant and equipment Other plant, fixtures and equipment are measured at cost less accumulated depreciation and impairment losses.   The depreciation base is cost less estimated residual value after end of useful life.   The cost includes the acquisition price and costs incurred directly in connection with the acquisition until the time when the asset is ready to be used.    Straight-line depreciation is provided on the basis of an assessment of the expected useful lives of the assets and their residual value:   Useful lifeOther plant, fixtures and equipment 5 år0 %Furnishing of leased premises 5 år0 % Profit or loss on sale of property, plant and equipment is stated as the difference between the sales price less selling costs and the carrying amount at the date of sale. Profit or loss is recognised in the Income Statement as other operating income or other operating expenses.   Financial non-current assets Deposits include rental deposits which are recognised and measured at cost. Deposits are not depreciated.   Impairment of fixed assets The carrying amount of pro­per­ty, plant and equip­ment to­get­her with fi­xed as­sets, which are not mea­su­red at fair va­lue,, are assessed annually for indications of impairment other than that reflected by amortisation and depreciation.   In the event of impairment indications, an impairment test is made for each asset or group of assets, respectively. If the recoverable amount is lower than the carrying amount, the asset is written down to the recoverable amount.   The recoverable amount is calculated at the higher of the capital value and the sales value less expected costs of a sale. The capital value is determined as the Company's share in the current value of the net cash flows which the subsidiary is expected to generate through its activities and from sale of assets after the end of their useful lives. A discount rate is used which reflects the risk-free market rate and the owners' minimum return on interest requirements for similar assets. The growth rate in the terminal period is determined in accordance with the standards within the industry.   Receivables Receivables are measured at amortised cost which usually corresponds to nominal value. The value is written down to meet expected losses.   Write-off is performed to provide for losses when an objective indication has been assessed to have incurred that a receivable or a portfolio of receivables are impaired. If there is an objective indication that an individual receivable is impaired, the write-off is performed at individual level.   Receivables for which there are no objective indication of impairment at individual level are assessed at portfolio level for objective indication of impairment. The portfolios are primarily based on the debtors’ registered office and credit rating in accordance with the Company’s policy for credit risk management. The objective indicators, which are applied for portfolios, are determined based on the historical loss experiences.   Write-off is determined as the difference between the carrying amount of receivables and the present value of the expected cash flows, including realisable value of any received collaterals. The effective interest rate is used as discount rate for the single receivable or portfolio.   Accruals, assets Accruals recognised as assets include costs incur­red relating to the subsequent financial year.   Tax payable and deferred tax Current tax liabilities and receivable current tax are recognised in the Balance Sheet as the calculated tax on the taxable income for the year, ad­justed for tax on the taxable income for previous years and taxes paid on account.   Deferred tax is measured on the temporary dif­ferences between the carrying amount and the tax value of assets and liabilities.   Deferred tax assets, including the tax value of tax loss carryforwards, are measured at the amount at which the asset is expected to be used within a reasonable number of years, either by setoff against tax on future earnings or by setoff against deferred tax liabilities within the same legal tax entity.   Deferred tax is measured on the basis of the tax rules and tax rates that under the legislation in force on the Balance Sheet date will be ap­pli­cable when the deferred tax is expected to crystallise as current tax. Any changes in the deferred tax resulting from changes in tax rates, are recognised in the income statement, except from items recognised directly in equity.   Liabilities The amortised cost of current liabilities corresponds usually to the nominal value.