25281675 2025-01-01 2025-12-31 25281675 2025-01-01 2025-12-31 1 25281675 2025-01-01 2025-12-31 1 25281675 2025-01-01 2025-12-31 1 25281675 2025-01-01 2025-12-31 2 25281675 2025-01-01 2025-12-31 3 25281675 2024-01-01 2024-12-31 25281675 2025-12-31 25281675 2024-12-31 25281675 2023-12-31 fsa:ContributedCapitalMember 25281675 2023-12-31 fsa:ReserveForDevelopmentExpenditureMember 25281675 2023-12-31 fsa:RetainedEarningsMember 25281675 2023-12-31 fsa:ProposedDividendRecognisedInEquityMember 25281675 2023-12-31 25281675 2024-01-01 2024-12-31 fsa:ProposedDividendRecognisedInEquityMember 25281675 2024-01-01 2024-12-31 fsa:ReserveForDevelopmentExpenditureMember 25281675 2024-01-01 2024-12-31 fsa:RetainedEarningsMember 25281675 2024-12-31 fsa:ContributedCapitalMember 25281675 2024-12-31 fsa:ReserveForDevelopmentExpenditureMember 25281675 2024-12-31 fsa:RetainedEarningsMember 25281675 2024-12-31 fsa:ProposedDividendRecognisedInEquityMember 25281675 2025-01-01 2025-12-31 fsa:RetainedEarningsMember 25281675 2025-12-31 fsa:ContributedCapitalMember 25281675 2025-12-31 fsa:RetainedEarningsMember iso4217:DKK xbrli:pure Joeri Ooms OXYMAT A/S Banevænget 13 3460 Birkerød Denmark 25281675 Birkerød Værkmestergade 25, 8100 Aarhus C The Board of Directors and the Executive Board have today considered and adopted the annual report of OXYMAT A/S for the financial year 1 January – 31 December 2025. The annual report has been prepared in accordance with the Danish Financial Statements Act. In our opinion, the financial statements give a true and fair view of the company’s financial po-sition on 31 December 2025 and of the results of its operations and cash flows for the financial year 1 January – 31 December 2025. We believe that the management’s review contains a fair view of the matters the review deals with. We recommend adoption of the annual report at the Annual General Meeting. Birkerød, Pompilio-Jose Hernandez de Torres Joeri Ooms Chairman Lennart Arne Remneback Katrien Wyckmans To the shareholders of OXYMAT A/S OPINION We have audited the financial statements of OXYMAT A/S for the financial year 1 January – 31 December 2025, which comprise income statement, balance sheet, statement of changes in equity, and notes, including accounting policies. The financial statements are prepared in ac-cordance with the Danish Financial Statements Act. In our opinion, the financial statements give a true and fair view of the financial position of the Company at 31 December 2025 and of the results of the Company's operations for the financial year 1 January – 31 December 2025 in accordance with the Danish Financial Statements Act. BASIS FOR OPINION We conducted our audit in accordance with International Standards on Auditing (ISAs) and ad-ditional requirements applicable in Denmark. Our responsibilities under those standards and requirements are further described in the "Auditor's responsibilities for the audit of the finan-cial statements" section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. INDEPENDENCE 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. 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 con-cern and using the going concern basis of accounting in preparing the financial statements un-less Management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our objectives are to obtain reasonable assurance as to whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an au-ditor'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 additional requirements applicable in Denmark will always detect a material misstatement when it exists. Misstate-ments can arise from fraud or error and are considered material if, individually or in the aggre-gate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the financial statements. As part of an audit conducted in accordance with ISAs and 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, inten-tional omissions, misrepresentations, or the override of internal control. • Obtain an understanding of internal control relevant to the audit in order to design au-dit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control. • Evaluate the appropriateness of accounting policies used and the reasonableness of ac-counting 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 ob-tained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclo-sures 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 Company to cease to continue as a going concern. • Evaluate the overall presentation, structure, and contents of the financial statements, including the note disclosures, and whether the financial statements represent the un-derlying 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. STATEMENT ON THE MANAGEMENT'S REVIEW Management is responsible for the Management's review. Our opinion on the financial statements does not cover the Management's review, and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the Man-agement's review and, in doing so, consider whether the Management's review is materially inconsistent with the financial statements, or our knowledge obtained during the audit, or oth-erwise appears to be materially misstated. Moreover, it is our responsibility to consider whether the Management's review provides the information required under the Danish Financial Statements Act. Based on the work we have performed; we conclude that the Management's review is in ac-cordance with the financial statements and has been prepared in accordance with the require-ments of the Danish Financial Statement Act. We did not identify any material misstatement of the Management's review. Aarhus, EY Godkendt Revisionspartnerselskab 30700228 Jonas Busk State Authorised Public Accountant Amounts in DKK ‘000 2025 2024 2023 2022 2021 Income statement Gross profit/loss (1,419) 5,135 (16,412) (1,149) 56,267 Operating loss/profit (34,841) (29,420) (50,671) (43,475) 23,100 Net financials inclusive of result from subsidiaries (548) 352 77,539 13,062 3,259 Loss/profit for the year (27,627) (27,682) 38,646 (28,463) 21,308 Balance sheet Investment in tangible assets 0 951 965 2,722 6,697 Non-current assets 6,192 7,557 10,744 58,634 47,026 Current assets 79,143 75,034 76,774 71,145 87,639 Total assets 85,335 82,591 87,518 129,779 134,665 Equity (8,713) 18,914 56,596 17,950 51,413 Non-current liabilities 1,895 1,546 - - 3,687 Current liabilities 92,153 62,131 30,922 111,829 79,565 Total liabilities 94,048 63,677 30,922 111,829 83,252 Number of full-time employees 15 21 47 63 51 Ratios Return on invested capital -40.8% -35.6% -57.9% -33.5% 17.2% (Operating profit / Total assets end of year x 100) -317.1% Return on equity -147.5% 68.3% -158.6% 41.4% (Profit for the year / Equity end of year x 100) Equity ratio -10.2% 22.7% 64.7% 13.8% 38.2% (Equity / Total assets x 100) MARINE The marine business is characterized by high barriers due to certifications. Although both oxy-gen and nitrogen are used on a wide range of vessel types, it is primarily on-site nitrogen pro-duction OXYMAT delivers for the marine industry. We are also expanding our Marine portfolio to include retrofit services for existing vessels, a segment that demands high expertise and flexibility. Oxymat is well positioned to deliver this added value, allowing us to charge premium prices for a high-margin business. MEDICAL The medical business is also characterized by high barriers due to certifications, besides requir-ing high oxygen purity. OXYMAT PSA generators can supply medical grade oxygen, and the pro-duction site in Slovakia is medically certified. Medical customers are increasingly aware of having their own on-site oxygen production to re-duce dependency on suppliers and the risk of shortage. Due to strong supply security and flex-ible capacity, on-site oxygen generators for medical use are increasingly considered the best alternative compared to traditional liquid supply or filled cylinders. INDUSTRIAL The industrial market includes many different applications; some within the processing indus-try, but also food and beverages, gold mining and oil and gas among others. While most of the other markets are either oxygen or nitrogen, the industrial segment requires both on-site oxy-gen as well as nitrogen. Some industries within this segment require specific certifications e.g. food and beverages, oil and gas etc. Further, for industries placed in remote off-grid areas, like the mining industry, where the only power supply is diesel generators, low energy consumption and security in supply is in high de-mand. WATER OXYMAT delivers on-site oxygen generators for a wide range of applications within the water industry. OXYMAT has delivered to the aquaculture industry throughout the company’s history and has a strong foothold in the segment. On-site solutions are widely used in the industry to lower production cost while at the same time getting a smaller CO₂ footprint compared to dis-tributed gas. Oxygen supply increases fish welfare and production, and a constant flow is critical for the in-dustry as an interruption will cause fish death. Increasing demand for high protein food such as salmon but also limits on saltwater conces-sions will increase the aquaculture industry and we expect to see a rise in well boats and land-based basins – both fresh and salt water. Also, new regulations with stricter requirements for wastewater treatment for both industrial companies and sewage water are expected to drive the future market growth within oxygen for ozone treatment. DEVELOPMENT IN 2025 The year has overall not been satisfying for OXYMAT. OXYMAT achieved a gross loss of T.DKK 1,419, a decrease from a gross profit of T.DKK 5,135 compared to 2024. The expectations for 2025 were gross profit of mDKK 10-15. This expecta-tion was not met. Loss from ordinary activities amounted to T.DKK 34,841 compared with a loss of T.DKK 29,420 in 2024. The operating result was worse than expected, primarily due to low profitability in the Marine business. Loss for the year amounted to T.DKK 27,627 compared with loss of T.DKK 27,682 in 2024. The positive trend in orders received continued, with an increase of 5.8% compared to the pre-vious period. This reflects stable market demand and the effectiveness of our commercial ac-tivities. Revenues improved as well, though more modestly. Increasing production output, as well as further improvement of the order intake, will have a positive impact on 2026’s revenues. OUTLOOK The operating result was worse than expected, primarily due to low profitability in the Marine business. Although production in Slovakia increased significantly, it was insufficient. Orders on hand remain high. The outlook for 2026 is promising: the company has chosen to focus exclu-sively on high-margin orders, negotiate better supplier pricing, implement price increases, ex-pect to sell the Helsinge facilities, and secured a capital contribution from the Atlas Copco Group. The outlook for the company´s performance in 2026 is positive, with an expected profit for the year of mDKK 3-4. RESEARCH AND DEVELOPEMENT No new products were added to the portfolio. KNOWLEDGE RESOURCES The company operates in a market where specialized knowledge is necessary to meet custom-ers' needs. Employees are therefore important to meet the Company’s long-term targets, and it is crucial to employ, train and maintain the best employees in the industry. In 2025, the average number of employees was 15 full-time employees (2024: 21). ENVIRONMENT The Company is aligned to Atlas Copco Group’s targets and will make continues efforts to re-duce scope 1, 2 and 3 emissions. EVENTS AFTER THE BALANCE SHEET DATE In March 2026, a capital contribution of T.DKK 32,500 have been granted from the shareholder. Based on this the equity is reestablished. No other events have occurred after the balance sheet date to this date, which could influence the evaluation of this annual report. MAIN ACTIVITIES OXYMAT´s main activities are development, production, and sales of on-site air separation plants for production of oxygen or nitrogen – Pressure Swing Adsorption systems (PSA). The supply of nitrogen and oxygen can be divided into four different categories: containerized gas distribution, liquid gas distribution, on-site gas production and pipe gas distribution, OX-YMAT’s PSA and membrane solutions are on-site gas production. OXYMAT operates within four main markets: MARINE, MEDICAL, INDUSTRIAL and WATER. -1419000 5135000 15599000 13996000 17823000 19581000 0 -978000 -34841000 -29420000 1522000 716000 2070000 364000 -35389000 -29068000 -7762000 -1386000 -27627000 -27682000 0 0 753000 0 753000 0 0 5865000 0 284000 83000 1408000 5356000 0 5439000 7557000 6192000 7557000 8332000 7714000 32954000 20853000 6923000 24489000 10999000 13383000 10385000 3386000 8731000 4243000 819000 966000 70811000 67320000 85335000 82591000 10000000 10000000 0 0 -18713000 8914000 -8713000 18914000 1895000 1546000 1895000 1546000 53338000 27619000 1042000 1383000 35564000 30218000 2209000 2911000 92153000 62131000 94048000 63677000 85335000 82591000 10000000 147000 36449000 10000000 56596000 10000000 10000000 -147000 -27535000 -27682000 10000000 0 8914000 0 18914000 -27627000 -27627000 10000000 -18713000 -8713000 true Omission of consolidated financial statements and cash flow statements Pursuant to section 86(4) of the Danish Financial Statements Act, cash flow statements have not been prepared as the Company is included in the consolidated financial statements of the ultimate parent company Atlas Copco AB, reg. no. 556014-2720. Recognition and measurement Income is recognized in the income statement when earned. This includes recognition of value adjustments of financial assets and liabilities. Furthermore, all costs are recognized which have been incurred to achieve the results for the year, including amortization, depreciation, provi-sions and reversals that result from changes in accounting estimates previously recognized in the income statement. Assets are recognized in the balance sheet when it is probable because of prior events that future economic benefits will flow to the company, and the value of the asset can be measured reliably. Liabilities are recognized in the balance sheet when the company has a legal or constructive obligation because of prior events, and it is probable that future economic benefits will flow out of the company, 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 affected as described below for each financial statement item. Predictable risks or losses arising before the time of presentation of the annual report, which confirm or invalidate affairs and conditions existing at the balance sheet date are considered at recogni-tion and measurement. Foreign currency translation On initial recognition, foreign currency transactions are translated applying the exchange rate at the date of transaction. 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 rate differences that arise between the rate at the transaction and the rate in effect at the payment date or the rate of the balance sheet date are recognized in the income statement as financial income or financial expenses, however if exchange rate transactions are considered hedging of future cash flows, the value adjustments are recognized directly in eq-uity. Income statement The income statement is classified by function. Gross loss or profit Gross loss or profit comprises revenue, other operating and other external costs. Pursuant to section 32 of the Danish Financial Statements Act, the Company has decided only to disclose gross loss or profit. Revenue The Company has chosen IAS 11 IAS 18 as interpretation for revenue recognition. Revenue of sales of goods and related services is recognized at an amount that reflects the consideration to which OXYMAT expects to be entitled. Revenue from the sale of goods to cus-tomers is recognized when control of the goods is transferred to the customer. Production costs Production costs cover the cost of goods sold. The costs include the acquisition price for raw materials, consumables, trading goods, direct labor costs and a portion of indirect production costs comprising costs related to the operation and depreciation of production facilities, as well as operation, administration, and management of production plant. Sales and distribution expenses Sales and distribution expenses include expenses for distribution of goods sold, salaries to sales personnel, advertising and exhibition expenses, depreciations etc. Administrative expenses Administrative expenses include expenses for administrative personnel, IT and management, including office expenses, salaries, depreciations etc. Staff expenses Staff expenses include salaries and wages, including vacation pay and pensions and other social security costs, etc. to employees. Financial income and expenses Financial income and expenses include interest income and expenses, gains and losses concern-ing transactions in foreign currencies. Income taxes Tax for the year, which consists of current tax for the year and changes in deferred tax, is rec-ognized in the income statement by the portion attributable to the profit for the year and rec-ognized directly in equity by the portion attributable to entries directly in equity. OXYMAT A/S is jointly taxed with other Danish group enterprises with OXYMAT A/S as manage-ment company. The current Danish income tax is allocated among the jointly taxed entities pro-portionally to their taxable income (full allocation with a refund concerning tax losses). BALANCE SHEET Intangible assets Intangible assets are measured at cost with deduction of accumulated amortization and impair-ment. Development projects on clearly defined and identifiable products for which adequate re-sources and a potential future market or development opportunity in the company can be es-tablished, and where the intention is to manufacture or market the product in question, are recognized as intangible assets. Other development costs are recognized as costs in the income statement as incurred. Completed development projects are amortized on a straight-line basis using estimated useful lives of the assets. The amortization period for development projects is up to 10 years. Tangible assets Tangible assets are measured at cost with deduction of accumulated depreciation and impair-ment. The basis of depreciation of tangible assets is costs less estimated residual value after the end of the use-full life. Straight-line depreciation is made based on the following estimated useful lives of the assets. Scrap values are estimated at 0: Buildings 10-50 years Plant and machinery 3 - 10 years Fixtures and fittings, tools, and equipment 3 - 10 years The entity classifies assets held for sale if the carrying amount will be recovered primarily through a sales transaction rather than through continuing use. The assets are measured at the lower of their carrying amount and fair value less costs to sell. The criteria for held for sale classification is regarded as met only when the sale is highly probable, the asset is availa-ble for immediate sale in its present condition, and the sale is expected to occur within one year from the date of the classification. Non-current assets are not depreciated or amortized once classified as held for sale. Inventories Inventories are measured at the lower of cost according to the FIFO method and net realizable value. The cost of raw materials and consumables and goods for resale equals landed cost. Comprised in the cost of finished goods and work in progress are the cost of raw materials, consumables, direct labor, and direct production costs. Finished goods and work in progress are measured at cost, comprising the cost of raw materials, consumables, direct wages, and salaries as well as indirect production overheads. Production overheads comprise costs of material and labor as well as maintenance of and depreciation on production machinery, buildings, and equipment as well as costs relating to plant administra-tion and management. Borrowing costs are not recognized in the cost. The net realizable value of inventories is determined as the selling price less any discounts, costs of completion and costs incurred to affect the sale, considering marketability, obsolescence and developments in the expected selling price. Receivables Receivables are measured at amortized cost, usually equaling nominal value less provisions for bad and doubtful debts. Prepayments Prepayments, recognized as assets, comprise expenses incurred in respect of subsequent financial years. Prepayments are measured at amortized cost. Cash and cash equivalents Cash and cash equivalents comprise cash at the bank and in the hand. Deferred tax Deferred tax is recognized on all temporary differences between the carrying amount and the tax base of assets and liabilities. Deferred tax is measured based on current tax legislation and rates applying at the balance date. Where the measurement of the tax base can be conducted in accordance with alternative tax legislation, deferred tax is measured based on the planned life of the asset or liability. Deferred tax assets, including the tax base of losses that may be carried forward, are measured at the value at which the asset is expected to be realized, either by settlement as tax or de-ducted in deferred tax liabilities. Deferred tax assets are offset within the same legal entity. Liabilities Provisions comprise expected costs related to warranties. Provisions are recognised when the Company has a legal or constructive obligation at the balance sheet date resulting from a past event and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are measured at net realisable value. If the obligation is expected to be settled far into the future, the obligation is measured at fair value. Financial liabilities are measured at costs which correspond to the proceeds received less trans-action costs incurred. In subsequent periods the loan is measured at amortized cost. Other lia-bilities are measured at amortized cost, which usually corresponds to nominal value. 2. GOING CONCERN Based on the loss after tax of T.DKK -27,627 the equity at year end is T.DKK -8,713, the company is in a capital loss situation. In March 2026, a capital contribution of T.DKK 32,500 have been granted from the shareholder. Based on this the equity is reestablished. To ensure sufficient capital resources, the shareholder has issued a letter of comfort, ensuring that all obligations can be fulfilled for at least the next 12 months. 3. STAFF EXPENSES Amounts in DKK ‘000 2025 2024 Staff expenses Wages and salaries (13,936) (18,515) Pension expenses (787) (1,068) Other social security expenses (193) (276) (14,916) (19,859) Staff expenses are included in the following lines: Gross loss/profit (78) (950) Sales and distribution costs (10,420) (10,921) Administrative expenses (4,418) (7,988) (14,916) (19,859) Remuneration to board of directors - - Total remuneration to management (3,590) (2,522) 15 21 4. DEPRECIATION, AMORTIZATIONS AND IMPAIRMENT Amounts in DKK ‘000 2025 2024 Depreciations, amortizations and im-pairment Development projects - (188) Capitalized software (477) - Land and buildings (689) (686) Plant and machinery - (501) Fixtures and fittings, tools and equip-ment (71) (292) (1,237) (1,667) 5. FINANCIAL INCOME Amounts in DKK ‘000 2025 2024 Financial income Foreign exchange gains 1,290 353 Interests from group companies 232 363 1,522 716 6. FINANCIAL EXPENSES Amounts in DKK ‘000 2025 2024 Financial expenses Foreign exchange losses (1,862) (249) Interests to group companies (16) (46) Other interest expenses (1) - Other financial expenses (191) (69) (2,070) (364) 7. INCOME TAXES Amounts in DKK ‘000 2025 2024 Income taxes Current tax on profit for the year 3,147 2,487 Change in deferred tax on profit for the year 4,615 (1,101) 7,762 1,386 0 -147000 -27627000 -27535000 9. DEVELOPMENT PROJECTS Amounts in DKK ‘000 2025 2024 Development projects Cost at beginning of year - 640 Disposals - (640) Cost at end of year - - Amortization at beginning of year - (452) Amortization and impairment - (188) Amortization of disposals - 640 Amortization at end of year - - Carrying amount - - Carrying amount beginning of year - 188 10. CAPITALIZED SOFTWARE Amounts in DKK ‘000 2025 2024 Capitalized software Cost at beginning of year - - Reclassification 1,431 - Cost at end of year 1,431 - Depreciation at beginning of year - - Reclassification (201) - Depreciation and impairment (477) - Depreciation at end of year (678) - Carrying amount 753 - Carrying amount beginning of year - - 11. LAND AND BUILDINGS Amounts in DKK ‘000 2025 2024 Land and buildings Cost at beginning of year 12,014 12,903 Reclassification 1,035 - Disposals - (889) Transferred to Assets held for sale (13,049) Cost at end of year - 12,014 Depreciation at beginning of year (6,149) (6,142) Reclassification (855) - Depreciation and impairment (689) (686) Depreciation of disposals - 679 Transferred to Assets held for sale 7,693 Depreciation at end of year - (6,149) Carrying amount - 5,865 Carrying amount beginning of year 5,865 6,761 12. PLANT AND MACHINERY Amounts in DKK ‘000 2025 2024 Plant and machinery Cost at beginning of year 924 12,046 Reclassification (924) - Disposals - (11,122) Cost at end of year - 924 Depreciation at beginning of year (640) (9,899) Reclassification 640 - Depreciation and impairment - (501) Depreciation of disposals - 9,760 Depreciation at end of year (640) Carrying amount - 284 Carrying amount beginning of year 284 2,147 13. FIXTURES AND FITTINGS, TOOLS AND EQUIPMENT Amounts in DKK ‘000 2025 2024 Fixtures and fittings, tools and equipment Cost at beginning of year 2,785 3,455 Reclassification (1,542) - Additions - 951 Disposals (450) (1,621) Cost at end of year 793 2,785 Depreciation at beginning of year (1,377) (1,807) Reclassification 416 - Depreciation and impairment (71) (292) Depreciation of disposals 322 722 Depreciation at end of year (710) (1,377) Carrying amount 83 1,408 Carrying amount beginning of year 1,408 1,648 14. INVENTORIES Amounts in DKK ‘000 2025 2024 Inventories Goods/services in process 560 62 Finished goods and goods for resale 684 7,268 Goods in transit 7,088 384 8,332 7,714 15. RECEIVABLES FROM AND DEBT TO GROUP COMPANIIES OXYMAT A/S’s part of a cash pool agreement is recognized as receivables from group compa-nies of T.DKK 947 (2024: T.DKK 20,028) and recognized as payables to group companies of T.DKK 11,225 (2024: T.DKK 0). 16. PREPAYMENTS Prepayments consist of prepaid costs for rent, different subscriptions, IT etc. 17. SHARE CAPITAL Amounts in DKK ‘000 2025 2024 Share capital The share capital consists of 10 mill shares of 1 DKK each 10,000 10,000 No shares have special rights. The share capital has not changed in the last 5 years. 18. DEFERRED TAX Amounts in DKK ‘000 2025 2024 Deferred tax Deferred tax at beginning of year (16,769) (17,870) Change in deferred tax on profit for the year (4,615) 1,101 Deferred tax at end of year (21,384) (16,769) Deferred tax (receivables) 10,999 13,383 Receivables regarding joint taxation (receivables) 10,385 3,386 Deferred tax (provisions) - - 21,384 16,769 Deferred tax asset regarding tax-loss is expected to be used within a 3–5-year period by de-ducting these in future expected tax gains and from tax gains from the joint taxation scheme. It is always with some uncertainty that future expected tax gains are calculated and therefore is the time period also uncertain. 19. CONTINGENT LIABILITIES Amounts in DKK ‘000 2025 2024 Operating lease commitments Due in 1 year 996 717 Due in 1-5 years 2,081 925 Due after 5 years 159 - 3,236 1,642 OXYMAT A/S is part of a Danish joint taxation scheme for Danish companies in the Atlas Copco Group. OXYMAT A/S is administration company for the companies. OXYMAT A/S is jointly and unlimited liable for the Danish income taxes together with the other jointly taxed companies, and for withholding taxes on dividends, interest and royalties related to the jointly taxed com-panies. The Company has, as part of its normal course of business, entered into customary executory contracts. 20. SECURITIES Mortgage deeds registered to the mortgagor at a nominal amount of T.DKK 9,920 have been registered. The registered mortgage deeds registered to the mortgagor are at the present time not provided as security for debt. 21. TRANSACTIONS BETWEEN RELATED PARTIES OXYMAT A/S is part of the consolidated financial statements of Atlas Copco AB, Sickla Indus-triväg 19, SE-105 23 Stockholm, Sweden, reg. no. 556014-2720. The consolidated financial statement of Atlas Copco AB can be obtained by contacting the company or by their website. Amounts in DKK ‘000 2025 2024 Sale of goods to group 10,102 36,285 Sale of services etc. to group - 27 Purchase of goods from group 174,314 92,871 Purchase of services from group - 84 Invoiced other costs to group 4,162 2,246 Other costs received from group 19,347 6,743 Interests received from group 232 363 Interests paid to group 16 46 Receivables from group 6,923 24,489 Debt to group 35,564 30,218 22. OWNERSHIP Following shareholders are recorded in the Company's register of shareholders as holding 100% of the votes and 100% of the share capital: Atlas Copco Sickla Holding AB, Sickla Industriväg 19, SE-105 23 Stockholm, Sweden, reg. no. 556309-5255. Annual report Auditor's report on audited financial statements ParsePort XBRL Converter 2025-01-01 2025-12-31 2024-01-01 2024-12-31 2026-04-15 Reporting class C, medium-size enterprise 2000-03-21 2026-04-15 25281675 OXYMAT A/S Banevænget 13 3460 Birkerød Opinion Basis for Opinion 2026-04-15 mne42771 79143000 75034000 10000000 8914000 18914000