28677138 2024-10-01 2025-09-30 28677138 2024-10-01 2025-09-30 1 28677138 2024-10-01 2025-09-30 2 28677138 2024-10-01 2025-09-30 1 28677138 2024-10-01 2025-09-30 2 28677138 2024-10-01 2025-09-30 3 28677138 2024-10-01 2025-09-30 1 28677138 2024-10-01 2025-09-30 2 28677138 2023-10-01 2024-09-30 28677138 2025-09-30 28677138 2024-09-30 28677138 2024-09-30 fsa:ContributedCapitalMember 28677138 2024-09-30 fsa:RetainedEarningsMember 28677138 2024-10-01 2025-09-30 fsa:RetainedEarningsMember 28677138 2025-09-30 fsa:ContributedCapitalMember 28677138 2025-09-30 fsa:RetainedEarningsMember 28677138 2024-10-01 2025-09-30 fsa:OtherShorttermPayablesMember 28677138 2024-10-01 2025-09-30 fsa:ShorttermDeferredIncomeMember iso4217:DKK xbrli:pure Annual report 2026-03-27 Søren Visti Kristensen The Board of Directors and the Executive Board have today considered and approved the annual report of One.com A/S for the financial year 01.10.2024 - 30.09.2025. 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 Entity’s financial position at 30.09.2025 and of the results of its operations for the financial year 01.10.2024 - 30.09.2025. We believe that the management commentary contains a fair review of the affairs and conditions referred to therein. We recommend the annual report for adoption at the Annual General Meeting. Copenhagen Søren Visti Kristensen Anja Agerlin Leschly Daniel Hagemeier Chair Søren Visti Kristensen Christopher Lawrence Blaine To the shareholder of One.com A/S We have audited the financial statements of One.com A/S for the financial year 01.10.2024 - 30.09.2025, which comprise the income statement, balance sheet, statement of changes in equity and ​notes, including a summary of significant accounting policies. The financial statements are prepared in accordance with the Danish Financial Statements Act.​​ ​​In our opinion, the financial statements give a true and fair view of the Entity’s financial position at 30.09.2025 and of the results of its operations for the financial year 01.10.2024 - 30.09.2025 in accordance with the Danish Financial Statements Act. We conducted our audit in accordance with International Standards on Auditing (ISAs) and additional requirements applicable in Denmark. Our responsibilities under those standards and requirements are further ​described in the "Auditor’s responsibilities for the audit of the financial statements" section of this auditor’s report. We are independent of the Company in accordance with the International Ethics Standards Board for ​Accountants' International Code of Ethics for Professional Accountants (IESBA Code) and the additional ethical requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code . We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Management is responsible for 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 Entity’s ability to continue ​as a going concern, for disclosing, as applicable, matters related to going concern, and for using the going ​concern basis of accounting in preparing the financial statements unless Management either intends to liquidate ​the Entity or to cease operations, or has no realistic alternative but to do so. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are ​free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes ​our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted ​in accordance with ISAs and the additional requirements applicable in Denmark will always detect a material ​misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, ​individually or in the aggregate, they could reasonably be expected to influence the economic decisions of ​users taken on the basis of these financial statements.​​As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark, ​we exercise professional judgement and maintain professional scepticism throughout the audit. We also:Identify and assess the risks of material misstatement of the financial statements, whether due to ​fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence ​that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a ​material misstatement resulting from fraud is higher than for one resulting from error, as fraud may ​involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.​Obtain an understanding of internal control relevant to the audit in order to design audit procedures ​that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the ​effectiveness of the Entity’s internal control.​Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates ​and related disclosures made by Management.​Conclude on the appropriateness of Management’s use of the going concern basis of accounting in ​preparing the financial statements, and, based on the audit evidence obtained, whether a material ​uncertainty exists related to events or conditions that may cast significant doubt on the Entity’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to ​draw attention in our auditor’s report to the related disclosures in the financial statements or, if such ​disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence ​obtained up to the date of our auditor’s report. However, future events or conditions may cause the ​Entity to cease to continue as a going concern.​Evaluate the overall presentation, structure and content of the financial statements, including the disclosures ​in the notes, and whether the financial statements represent the underlying transactions and ​events in a manner that gives a true and fair view.We communicate with those charged with governance regarding, among other matters, the planned scope ​and timing of the audit and significant audit findings, including any significant deficiencies in internal control ​that we identify during our audit. Management is responsible for the management commentary. ​​Our opinion 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 audit 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 in the audit or otherwise appears to be materially misstated. ​​Moreover, it is our responsibility to consider whether the management commentary provides the information ​required by relevant law and regulations.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 in the relevant law and regulations. We did not identify any material misstatement of the management commentary.​ Copenhagen Deloitte Statsautoriseret Revisionspartnerselskab Deloitte Statsautoriseret Revisionspartnerselskab 33963556 33963556 Anders Kreiner State Authorised Public Accountant mne26765 Ulrik Winkler Jakobsen State Authorised Public Accountant mne47242 Financial highlights2024/25​DKK'0002023/24​DKK'0002022/23​DKK'0002021/22​DKK'0002020/21​DKK'000Key figuresGross profit/loss259,095255,174226,084187,219162,387Operating profit/loss77,58188,34175,64450,50436,519Net financials10,5065,9878,4891,097(2,297)Profit/loss for the year66,54873,79066,18740,63829,301Total assets547,471544,834392,412152,951163,189Investments in property, ​plant and equipment14,62613,37881,32935,05315,363Equity406,798340,251266,46198,36860,779RatiosReturn on equity (%)17.8224.3236.2851.0763.52Equity ratio (%)74.3062.4567.9064.3137.24Financial highlights are defined and calculated in accordance with the current version of "Recommendations & Ratios" issued by the CFA Society Denmark.Return on equity (%) :Profit/loss for the year * 100​Average equityEquity ratio (%) :Equity * 100​Total assets Primary activitiesThe Company's activities are development and hosting of software to domain-related services, domain name registry activities, support services as well as administrative services. Development in activities and financesProfit for the year is DKK 66,548 thousand (2023/24: DKK 73,790 thousand). The decrease in profit of the year is primarily attributable to higher costs and increases in the number of employees. Profit/loss for the year in relation to expected developmentsProfit for the year is lower than Management’s expectations. A profit of DKK 80,000 - 85,000 thousand was budgeted for 2024/25. OutlookA gross profit of DKK 260,000 - 275,000 thousand and a profit of DKK 70,000 - 75,000 thousand is expected for 2025/26. In addition, the Company expects a positive cash flow. Knowledge resourcesThe ambition of the group is to be the 1st choice for SMB to master a successful online presence. ​ ​We believe that every person and every company, without regard to skill and technical ability, must be able to build their own unique online presence. And we believe that the brands of group.ONE should be the first choice to provide that service. ​ ​It is essential for the group to attract, develop and retain high-quality members of staff with an appertaining high level of competence. The realisation of the group’s goal of ensuring both quality knowledge and knowhow at each​level of staff are being facilitated through recruitment procedures and a continuous development of existing staff and their competences. Throughout the year several experienced and highly qualified members of staff have been added to the group, which have further strengthened the groups knowledge and competence base Environmental performanceThe Company takes a proactive approach to its environmental impact. ​ ​In connection with its server operations, the Company has, for example, made sure that only renewable energy consisting of electricity generated by wind turbines is being used. ​ ​In addition, the Company is continuously aware of the environmental impact of purchasing and ongoing resource​usage. Events after the balance sheet dateNo events have occurred after the balance sheet date to this date, which would influence the evaluation of this annual report. 259094906 255173585 145884287 129909073 35630070 36923033 77580549 88341479 17316734 13731707 6810238 7744553 88087045 94328633 21539529 20538670 66547516 73789963 553164 312978 0 0 553164 312978 10285332 14859447 49778115 65989768 60063447 80849215 104419504 104419504 2099060 2639994 106518564 107059498 167135175 188221691 2180467 1100910 333892711 317074028 3263399 1446949 2288015 1469767 23743734 19460655 365368326 340552309 14967271 16059898 380335597 356612207 547470772 544833898 2000000 2000000 404798054 338250538 406798054 340250538 14683981 26446224 21172833 22239365 35856814 48685589 12442185 11374212 21723239 16247667 23967040 88538685 23774066 19593244 14150326 12697555 8759048 7446408 104815904 155897771 140672718 204583360 547470772 544833898 2000000 338250538 340250538 66547516 66547516 2000000 404798054 406798054 1 Staff costs2024/25​DKK2023/24​DKKWages and salaries140,848,254125,681,220Pension costs3,269,7302,821,079Other social security costs1,766,3031,406,774145,884,287129,909,073Average number of full-time employees201190No remuneration has been paid to the Management. 201 190 2 Depreciation, amortisation and impairment losses2024/25​DKK2023/24​DKKAmortisation of intangible assets218,7971,357,298Depreciation of property, plant and equipment35,411,27335,565,73535,630,07036,923,033 3 Other financial income2024/25​DKK2023/24​DKKFinancial income from group enterprises15,015,28412,044,757Other interest income283,548519,954Exchange rate adjustments2,017,9021,150,570Other financial income016,42617,316,73413,731,707 4 Other financial expenses2024/25​DKK2023/24​DKKFinancial expenses from group enterprises194,23766,168Other interest expenses4,626,9374,698,545Exchange rate adjustments1,989,0632,017,134Other financial expenses1962,7066,810,2387,744,553 5 Tax on profit/loss for the year2024/25​DKK2023/24​DKKCurrent tax21,172,83322,239,365Change in deferred tax(1,816,450)(1,700,695)Adjustment concerning previous years2,183,146021,539,52920,538,670 6 Proposed distribution of profit and loss2024/25​DKK2023/24​DKKRetained earnings66,547,51673,789,96366,547,51673,789,963 66547516 73789963 66547516 73789963 7 Intangible assetsAcquired licences​DKKGoodwill​DKKCost beginning of year12,468,953250,000Additions458,9830Cost end of year12,927,936250,000Amortisation and impairment losses beginning of year(12,155,975)(250,000)Amortisation for the year(218,797)0Amortisation and impairment losses end of year(12,374,772)(250,000)Carrying amount end of year553,1640 8 Property, plant and equipmentLand and buildings​DKKOther fixtures and fittings, tools and equipment​DKKCost beginning of year14,859,447170,235,295Additions568,55114,056,954Disposals0(2,456,954)Cost end of year15,427,998181,835,295Depreciation and impairment losses beginning of year0(104,245,527)Depreciation for the year(5,142,666)(30,268,607)Reversal regarding disposals02,456,954Depreciation and impairment losses end of year(5,142,666)(132,057,180)Carrying amount end of year10,285,33249,778,115Land and buildings include finance leases at a booked value of DKK 10,285,332.​Other fixtures and fittings, tools and equipment include finance leases at a booked value of DKK 21,908,845. 9 Financial assetsInvestments in group enterprises​DKKOther receivables​DKKCost beginning of year104,419,5042,639,994Exchange rate adjustments02,296Additions0913,222Disposals0(1,456,452)Cost end of year104,419,5042,099,060Carrying amount end of year104,419,5042,099,060Investments in subsidiariesRegistered inCorporate formEquity​interest​%Equity​DKKProfit/loss​DKKOne.com INDIA Pvt. Ltd.GurgaonPvt. Ltd.100(47,780,000)(80,085,000)The latest annual report for One.com INDIA Pvt. Ltd. is prepared as of March 31, 2025, which is why the equity and net income figures provided above are as of March 31, 2025. 10 Deferred tax​​Changes during the year2024/25​DKK2023/24​DKKBeginning of year1,446,949(253,746)Recognised in the income statement1,816,4501,700,695End of year3,263,3991,446,949​Deferred tax assetsDeferred tax relates to intangible assets, property, plant and equipment and lease liabilities. 11 PrepaymentsPrepayments comprise prepaid expenses regarding insurance etc. Prepayments are measured at cost. ​ 12 Contributed capitalNumberPar value​DKKNominal​value​DKKOrdinary shares20,0001002,000,00020,0002,000,000 13 Non-current liabilities other than provisionsDue within 12 months​2024/25​DKKDue within 12 ​months​2023/24​DKKDue after more than 12 months​2024/25​DKKLease liabilities12,442,18511,374,21214,683,981Joint taxation contribution payable0021,172,83312,442,18511,374,21235,856,814Due after more than 5 years: DKK 0. 14 Other payables2024/25​DKK2023/24​DKKWages and salaries, personal income taxes, social security costs, etc payable5,746,4245,368,588Holiday pay obligation7,453,9026,078,054Other costs payable950,0001,250,91314,150,32612,697,555 15 Deferred incomeShort-term deferred income comprises accruals relating to revenue. 16 Contingent liabilitiesThe Entity has provided security for following group entities:​Redhalo Midco (UK) Limited: DKK 174 millionThe Entity participates in a Danish joint taxation arrangement where group.one Holding DK ApS serves as the administration company. According to the joint taxation provisions of the Danish Corporation Tax Act, the Entity is​therefore liable for income taxes etc for the jointly taxed entities, and for obligations, if any, relating to the withholding of tax on interest, royalties and dividend for the jointly taxed entities. The jointly taxed entities' total known net liability under the joint taxation arrangement is disclosed in the administration company's financial statements. 17 Transactions with related partiesParent​ DKKSubsidiaries​DKKOther related parties​DKKSale of services0227,389424,519,033Purchase of services0045,621,565Financial income563,846014,451,438Financial cost00194,237Receivables0332,020333,560,690Liabilities other than provisions22,788,11001,178,930 18 Group relationsName and registered office of the Parent preparing consolidated financial statements for the largest group: ​group.one Holding DK ApS​Kalvebod Brygge 24​1560 Copenhagen V​DenmarkName and registered office of the Parent preparing consolidated financial statements for the smallest group:​group.one Holding DK ApS​Kalvebod Brygge 24​1560 Copenhagen V​DenmarkCopies of the consolidated financial statements of group.one Holding DK ApS may be obtained at the following address:​Kalvebod Brygge 24​1560 Copenhagen V​Denmark This annual report has been prepared in accordance with the provisions of the Danish Financial Statements Act governing reporting class C enterprises (medium).The accounting policies applied to these financial statements are consistent with those applied last year. Consolidated financial statementsReferring to section 112(1) of the Danish Financial Statements Act, no consolidated financial statements have been prepared. Recognition and measurementAssets are recognised in the balance sheet when it is probable as a result of a prior event that future economic ​benefits will flow to the Entity, and the value of the asset can be measured reliably. ​​Liabilities are recognised in the balance sheet when the Entity has a legal or constructive obligation as a ​result of a prior event, and it is probable that future economic benefits will flow out of the Entity, and the ​value of the liability can be measured reliably. ​​On initial recognition, assets and liabilities are measured at cost. Measurement subsequent to initial ​recognition is effected as described below for each financial statement item. ​​Anticipated risks and losses that arise before the time of presentation of the annual report and that confirm ​or invalidate affairs and conditions existing at the balance sheet date are considered at recognition and ​measurement. ​​Income is recognised in the income statement when earned, whereas costs are recognised by the amounts ​attributable to this financial year. Foreign currency translationOn initial recognition, foreign currency transactions are translated applying the exchange rate at the transaction date. Receivables, payables and other monetary items denominated in foreign currencies that have not been settled at the balance sheet date are translated using the exchange rate at the balance sheet date. Exchange differences that arise between the rate at the transaction date and the rate in effect at the payment date, or the rate at the balance sheet date, are recognised in the income statement as financial income or financial expenses. ​​When recognising foreign subsidiaries and associates that are independent entities, the income statements ​are translated at average exchange rates for the months that do not significantly deviate from the rates at the transaction date. Balance sheet items are translated using the exchange rates at the balance sheet date. Goodwill​is considered belonging to the independent foreign entity and is translated using the exchange rate at the balance sheet date. Exchange differences arising out of the translation of foreign subsidiaries’ equity at the beginning of the year at the balance sheet date exchange rates and out of the translation of income statements from average rates to the exchange rates at the balance sheet date are classified directly as equity.​​Exchange adjustments of outstanding accounts with independent foreign subsidiaries, which are considered ​part of the total investment in the subsidiary in question, are classified directly as equity.When recognising foreign subsidiaries that are integral entities, monetary assets and liabilities are translated using the exchange rates at the balance sheet date. Non-monetary assets and liabilities are translated at the exchange rate at the time of acquisition or the time of any subsequent revaluation or writedown. The items of the​income statement are translated at the average rates of the months; however, items deriving from non-monetary​assets and liabilities are translated using the historical rates applicable to the relevant non-monetary items. Gross profit or lossGross profit or loss comprises revenue, other operating income, cost of sales and other external expenses. RevenueRevenue from the sale of services is, in general, recognised in the income statement when the service is made available to the customer. ​ ​Revenue from subscription-based services, including SaaS products and web hosting, is recognised in the income statement over the subscription period. Revenue from the sale of own domains (.one) is recognised in the income ​statement over the subscription period. ​ ​Revenue from the sale of third-party domain registrations is recognised in the income statement immediately on the date of sale. ​ ​Revenue is recognised net of VAT, duties and sales discounts. Other operating incomeOther operating income comprises income of a secondary nature as viewed in relation to the Entity’s primary ​activities, including profit from the sale of intangible assets and property, plant and equipment, and salary refunds. Cost of salesCost of sales comprises goods consumed in the financial year measured at cost, adjusted for normal inventory writedowns. Other external expensesOther external expenses include expenses relating to the Entity’s ordinary activities, including expenses for premises, stationery and office supplies, marketing costs, etc. This item also includes write-downs of receivables recognised in current assets. Staff costsStaff costs comprise salaries and wages as well as social security contributions, pension contributions, etc for entity staff. Depreciation, amortisation and impairment lossesAmortisation, depreciation and impairment losses relating to intangible assets and property, plant and equipment comprise amortisation, depreciation and impairment losses for the financial year, calculated on the basis of the residual values and useful lives of the individual assets and impairment testing. Other financial incomeOther financial income comprises dividends etc received on other investments, interest income, net capital or exchange gains on securities, payables and transactions in foreign currencies, amortisation of financial assets as well as tax relief under the Danish Tax Prepayment Scheme etc. Other financial expensesOther financial expenses comprise interest expenses, including interest expenses on payables to group enterprises, net capital or exchange losses on payables and transactions in foreign currencies, amortisation of financial liabilities as well as tax surcharge under the Danish Tax Prepayment Scheme etc. Tax on profit/loss for the yearTax for the year, which consists of current tax for the year and changes in deferred tax, is recognised in the ​income statement by the portion attributable to the profit for the year and recognised directly in equity by the portion attributable to entries directly in equity.The Entity is jointly taxed with all Danish group enterprises. The current Danish income tax is allocated among the jointly taxed entities proportionally to their taxable income (full allocation with a refund concerning tax losses). GoodwillGoodwill is the positive difference between cost and fair value of assets and liabilities arising from acquisitions. Goodwill is amortised straight-line over its estimated useful life, which is fixed based on the experience gained by Management for each business area. ​​The amortisation period is usually five years, however, in certain cases it may be up to 20 years for strategically acquired enterprises with a strong market position and a long-term earnings profile if the longer amortisation period is considered to give a better reflection of the benefit from the relevant resources.​ ​Goodwill is written down to the lower of recoverable amount and carrying amount.Intellectual property rights etcIntellectual property rights etc comprise development projects completed and in progress with related intellectual property rights, acquired intellectual property rights and prepayments for intangible assets. Intellectual property rights acquired are measured at cost less accumulated amortisation. Patents are amortised on a straight-line basis over their remaining duration, and licences are amortised over the term of the agreement,​but over no more than 20 years.​ ​Intellectual property rights etc are written down to the lower of recoverable amount and carrying amount. Property, plant and equipmentLand and buildings and other fixtures and fittings, tools and equipment are measured at cost less accumulated depreciation and impairment losses.​​Cost comprises the acquisition price, costs directly attributable to the acquisition and preparation costs of the asset until the time when it is ready to be put into operation. For assets held under finance leases, cost is the lower of the asset’s fair value and present value of future lease payments. ​​The basis of depreciation is cost less estimated residual value after the end of useful life. Straight-line depreciation is made on the basis of the following estimated useful lives of the assets:Useful life Buildings4 yearsOther fixtures and fittings, tools and equipment2-5 yearsEstimated useful lives and residual values are reassessed annually. ​​Items of property, plant and equipment are written down to the lower of recoverable amount and carrying ​amount. Investments in group enterprisesInvestments in group enterprises are measured at cost. Investments are written down to the ​lower of recoverable amount and carrying amount. ReceivablesReceivables are measured at amortised cost, usually equalling nominal value, less writedowns for bad and ​doubtful debts. Deferred taxDeferred tax is recognised on all temporary differences between the carrying amount and the tax-based value of assets and liabilities, for which the tax-based value is calculated based on the planned use of each asset. However, no deferred tax is recognised for amortisation of goodwill disallowed for tax purposes and temporary differences arising at the date of acquisition that do not result from a business combination and that do not have any effect on profit or loss or on taxable income. ​​Deferred tax assets, including the tax base of tax loss carryforwards, are recognised in the balance sheet at ​their estimated realisable value, either as a set-off against deferred tax liabilities or as net tax assets. PrepaymentsPrepayments comprise incurred costs relating to subsequent financial years. Prepayments are measured at ​cost. CashCash comprises cash in hand and bank deposits. Lease liabilitiesLease commitments are recognised in the balance sheet as liabilities other than provisions, and, at the time of inception of the lease, measured at the present value of future lease payments. Subsequent to initial recognition, lease commitments are measured at amortised cost. The difference between present value and nominal amount of the lease payments is recognised in the income statement as a financial expense over the term of the leases. Other financial liabilitiesOther financial liabilities are measured at amortised cost, which usually corresponds to nominal value. Joint taxation contributions payable or receivableCurrent joint taxation contributions receivable or joint taxation contributions payable are recognised in the ​balance sheet, calculated as tax computed on the taxable income of the year, which has been adjusted for ​prepaid tax. For tax losses, joint taxation contributions receivable are only recognised if such losses are expected to be used under the joint taxation arrangement. Deferred incomeDeferred income comprises income received for recognition in subsequent financial years. Deferred income ​is measured at cost. Cash flow statementWith reference to section 86(4) of the Danish Financial Statements Act and the cash flow statement included in the consolidated financial statements of Isthmus Danish Bidco ApS, the Entity has not prepared any cash flow statement. true Grundlag for konklusion Konklusion 2026-03-27 2026-03-27 Regnskabsklasse C, mellemstor virksomhed 2023-10-01 2024-09-30 København S 2300 6 Weidekampsgade Copenhagen Copenhagen V 1560 Revisionspåtegning 2025-09-30 2024-10-01 24 Kalvebod Brygge One.com A/S 28677138 33963556 2300 København S Weidekampsgade 6 Deloitte Statsautoriseret Revisionspartnerselskab