26079489 2025-01-01 2025-12-31 26079489 2025-01-01 2025-12-31 1 26079489 2025-01-01 2025-12-31 1 26079489 2025-01-01 2025-12-31 2 26079489 2025-01-01 2025-12-31 3 26079489 2025-01-01 2025-12-31 1 26079489 2024-01-01 2024-12-31 26079489 2024-12-31 26079489 2025-12-31 26079489 2023-12-31 fsa:ContributedCapitalMember 26079489 2023-12-31 fsa:RetainedEarningsMember 26079489 2023-12-31 26079489 2024-01-01 2024-12-31 fsa:ContributedCapitalMember 26079489 2024-01-01 2024-12-31 fsa:RetainedEarningsMember 26079489 2024-12-31 fsa:ContributedCapitalMember 26079489 2024-12-31 fsa:RetainedEarningsMember 26079489 2025-01-01 2025-12-31 fsa:ContributedCapitalMember 26079489 2025-01-01 2025-12-31 fsa:RetainedEarningsMember 26079489 2025-12-31 fsa:ContributedCapitalMember 26079489 2025-12-31 fsa:RetainedEarningsMember iso4217:DKK xbrli:pure Pernille Lundin Larsen Statement by the Board of Directors and the Executive Board The Board of Directors and the Executive Board have today discussed and approved the annual report of If IT Services 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 assets, liabilities and financial position at 31 December 2025 and of the results of the operations for the financial year 1 January – 31 December 2025. Further, in our opinion, the management commentary gives a fair review of the development in the activities and financial matters, of the results for the year and of the financial position. We recommend that the annual report be approved at the annual general meeting. Ballerup Helena Jose Sardinha Petersen Hanna Inkeri Elomaa Silja Reschke Petra Susanna Kyllönen Chairman To the shareholders of If IT Services A/S Opinion We have audited the financial statements of If IT Services A/S for the financial year 1 January – 31 Decem-ber 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 and of the results of its 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 the additional requirements applicable in Denmark. Our responsibilities under those standards and requirements are fur-ther described in the "Auditor's responsibilities for the audit of the financial statements" section of this audi-tor’s report. We are independent of the Entity in accordance with the International Ethics Standards Board for Account-ants' 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 suf-ficient and appropriate to provide a basis for our opinion. Management's responsibility for the financial statements Management is responsible for the preparation of financial statements that give a true and fair view in ac-cordance with the Danish Financial Statements Act, and for such internal control, that Management deter-mines is necessary to enable the preparation of financial statements that are free from material misstate-ment, whether due to fraud or error. In preparing the financial statements, Management is responsible for assessing the Entity’s ability to con-tinue 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. 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 auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit con-ducted 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 mate-rial 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 Den-mark, 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. Statement on the Management commentary Management is responsible for the management commentary. Our opinion on the financial statements does not cover the management commentary, and we do not ex-press any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the management com-mentary 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 of the Danish Financial Statement Act. We did not identify any material misstatement of the management commentary. Copenhagen Deloitte Statsautoriseret Revisionspartnerselskab 33963556 Kristian Ehrenreich Hansen State Authorised Public Accountant mne46662 If IT Services A/S Borupvang 4 DK 2750 Ballerup Denmark 26079489 6 Weidekampsgade DK 2300 Copenhagen S Management commentary Financial highlights DKKm 2025 2024 2023 2022 2021 Revenue 1093.6 801.4 883.9 886.9 868.7 Ordinary operating profit/loss 12.3 1.8 4.0 8.1 1.9 Profit/loss from financial income and expenses -8.3 1.0 0.1 2.6 2.5 Profit for the year 3.2 2.1 3.2 8.8 3.5 Total assets 429.5 200.9 224.5 193.6 187.5 Investments in equipment -47.6 -19.6 -23.8 -38.5 -31.7 Equity 288.7 44.6 42.5 48.1 42.7 Gross margin 6.2% 7.1% 10.9% 11.4% 10.6% Operating margin 1.1% 0.2% 0.5% 0.9% 0.2% Return on invested capital 2.9% 0.9% 1.8% 4.2% 1.0% Solvency ratio 67.2% 22.2% 18.9% 24.8% 22.8% Average number of full-time employees 18 15 79 80 78 Financial ratios are calculated in accordance with the guidelines "Recommendations & Ratios" issued by the Danish Society of Financial Analysts. The financial ratios have been calculated as follows: Gross profit x 100Gross margin RevenueOperating profit x 100Operating margin RevenueOperating profit x 100Return on invested capital Total assets at year endEquity ex. non-controlling interests year end x 100Solvency ratio Total equity and liabilities at year endOperating review Primary activities If IT Services A/S has the purpose of buying and selling IT services, key in this is IT contract handling. The focus is on purchasing and integrating IT services for the If Group and Sampo. If IT Services A/S is a wholly owned subsidiary of If P&C Insurance Holding Ltd (publ). Sweden. If IT Services A/S is established with headquarters in Ballerup and branches in Sweden, Norway and Finland: — Bergshamra IT Services Branch to If IT Services A/S Denmark. Reg. no. 516403-1287, Barks Väg 15, 106 80 Stockholm Sweden — If IT Services NUF reg. no. 983 629 040. Drammensveien 264, 0283 Oslo Norway — If IT Services A/S. Suomen sivuliike. reg. no. 1964479-7, Kalevantie 3, 20520 Turku Finland. If IT Services A/S is the provider of the majority of If Group's IT-related procurement. The cost level for procured services overall has been as expected, along with good governance concerning capacity usage, and the financial result for 2025 is at the expected level. Events after the balance sheet date No events have occurred after the financial year expiration that has an effect on the current financial state-ments. Development in activities and financial position stAs of July 1 2025 Topdanmark Forsikring A/S was merged in to If P&C Insurance Ltd (publ), and the busi-ness activities conducted by Topdanmark Forsikring A/S have after the effective date of the merger been conducted by the Danish branch. A majority of the IT related contracts in Topdanmark Forsikring A/S were moved to If IT Services during 2025 and as a result the operations in If IT Services has increased and revenue in 2025 is 36 percent higher than the year before. This also comes with a more than doubling of the total assets and an increase in the need for financing, and in December 2025 If IT Services received a shareholders contribution of SEK 350m from the parent company If P&C Insurance Holding Ltd. Total equity ststis DKK 288.7m as of December 31 2025 (DKK 44.6m as of December 31 2024). There was also a move of staff from Topdanmark Forsikring A/S to If IT Services to handle the increased operations and higher ststcontract volumes and as of December 31 2025 If IT Services had 21 employees (15 as of December 312024) Profit/loss for the year in relation to the expected developments Revenue and cost of sales increased significantly during 2025, and the profit is a bit higher than the expected level. The revenue in 2025 amounts to DKK 1093.6 million (2024: DKK 801.4 million). The income statement for 2025 shows a profit of DKK 3.2 million (2024: DKK 2.1 million). Outlook Following the merger of Topdanmark Forsikring A/S into If P&C Insurance Ltd (publ) on 1 July 2025, opera-tions and revenue have increased. Revenue is expected to continue to increase in 2026 with the full year effect of the merger. The estimated revenue for 2026 is DKK 1400-1500 million with a target profit of DKK 2-3 million. Operating review Currency risks The Company balances purchase and sales in individual currencies with a main emphasis on SEK. Since vendors are paid in different currencies and all revenues are in SEK, the Company has a currency exposure. This is followed closely. Sustainability statement In accordance with section 99a, subsection 7 of the Danish Financial Statement Act, the Company has adopted the parent company’s Sustainability Statement. Thus, the Company refers to the “Sustainability Statement” in the Annual report of Sampo plc, Fabianinkatu 21, 00130 Helsinki, Finland, which is avail-able here: https://sampo_ar_archive.studio.crasman.cloud/file/dl/i/B703_Q/z6G7tweV5vaVA0Drr81jGQ/BoardofDirec-torsReportandFinancialStatements.pdf Statement on data ethics In accordance with section 99d of the Danish Financial Statements Act, the Company has a data ethics policy, which forms the basis of how we work with data. The Company is a subsidiary of the insurance company If P&C Insurance Holding Ltd (publ.) and responsible for the IT services within the If group (“If”). Consequently, the Company handles a large amount of personal data - for example when selling insurances and handling claims or employee issues - and the focus is to secure that all processing of personal data is done in a lawful, fair and transparent manner. The Company follows all policies applicable to If, including If’s Personal Data Policy and If’s Ethics policy, which contain certain aspects of data ethics. The guiding principle for processing of personal data is to always safeguard the individuals’ (usually the customers’ or employees’) personal integrity and to protect their personal information. In addition, individuals have the right not to be subject to decisions based solely on automated processing. In general, If strives to ensure that data and new technologies are used in a responsible and sustainable manner. If always seeks to implement appropriate technical and organizational measures to ensure a level of security appropriate to the risks involved in processing data. If uses artificial intelligence to support the daily work, for example to assess risks and to give our customers a good and efficient customer experience. To ensure responsible use of artificial intelligence, AI systems should be lawful, ethical and robust. Therefore, it is continuously discussed what a responsible and desirable development is and what can be done to prevent undesirable development in this area. The aim is that the data, system and AI business models should be transparent, and AI systems and their decisions should be explained in a manner adapted to the stakeholder concerned. If has ethics guidelines for the concept of trustworthy AI based on certain key requirements, such as technical robustness and safety, transparency, diversity, non-discrimination and fairness. If will periodically review and revise the data ethics principles to reflect the evolving technologies. Operating review Targets and Policy for the Underrepresented Gender This section constitutes the Company’s statutory report on the underrepresented gender in accordance with Section 99 b of the Danish Financial Statements Act. Until 19 December 2025, the Board of Directors consisted of one male chairman and two female members, and the Company therefore did not have a policy or targets for the underrepresented gender. Following the changes in the Board’s composition, the Board now consists of three female members. At the Board meeting on 26 March 2026, the Board of Directors adopted a policy for promoting the repre-sentation of the underrepresented gender in accordance with section 139 c of the Danish Company Act. Although the Board currently consists entirely of women, the policy aims to ensure continued focus on maintaining an appropriate gender balance over time. The policy includes measures such as ensuring that both genders are represented in the pool of candidates for future Board appointments, integrating diversity considerations into the nomination process, and periodically evaluating the gender composition of the Board. The Board will review the policy annually and assess whether additional initiatives are required. In accordance with the policy, the Company has established a target for the proportion of general meet-ing‑elected Board members belonging to the underrepresented gender. The target is that at least 1 out of 3 general meeting‑elected Board members, corresponding to 33%, shall belong to the underrepresented gender no later than the end of 2029. The time horizon reflects the new Board composition established in 2025. As the Board currently consists of three female members, the Company does not meet the newly estab-lished target. The target is expected to be achieved by the end of 2029 in accordance with the defined time horizon. In future nominations to the general meeting, the Board will work actively to increase the propor-tion of the underrepresented gender. No targets have been set for the proportion of the underrepresented gender at the Company’s other man-agement levels, nor has a policy been prepared for such levels, as If IT Services employed fewer than 50 employees in the 2025 financial year and had only one person (the CEO) at management level 1 and no employees in other management layers. The five‑year comparison table below includes information for the financial year 2025. In the following four financial years, the Company will continue to supplement the overview with information for the relevant fi-nancial years. 2025 2026 2027 2028 2029 Board of Directors Total number of members 3 Total number of general meeting-elected members 3 Underrepresented gender (%) 0 Target (%) 33 Other management levels Total number of employees 0 1093577000 801406000 1023889000 742844000 2385000 1933000 67303000 56629000 26613000 26185000 28371000 28608000 12319000 1836000 1157000 3354000 9484000 2344000 3992000 2846000 793000 712000 3199000 2135000 42401000 62522000 62522000 42401000 227193000 65022000 6266000 6167000 2359000 602000 131027000 86593000 366845000 158384000 101000 109000 366946000 158493000 429468000 200894000 501000 501000 288172000 44119000 288673000 44620000 106779000 68461000 0 66290000 34016000 21524000 140795000 156274000 429468000 200894000 501000 41984000 42485000 0 0 0 0 2135000 2135000 501000 44119000 44620000 0 0 0 0 3199000 3199000 0 240854000 240854000 501000 288172000 288673000 1 Accounting policies Reporting Class The annual report of If IT Services A/S for 2025 has been prepared in accordance with the provisions apply-ing to reporting class C large entities under the Danish Financial Statements Act. The annual report has been prepared in Danish kroner (DKK). Recognition and measurement Assets are recognised in the balance sheet when it is probable as a result of a prior event that future eco-nomic 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 translation On initial recognition, transactions denominated in foreign currencies are translated at the average exchange rate for the month. Foreign exchange differences arising between the exchange rates at the transaction date and the date of payment are recognized in the income statement as financial income or financial expenses. Receivables, payables and other monetary items denominated in foreign currencies are translated at the exchange rates at the balance sheet date. The difference between the exchange rates at the balance sheet date and the date at which the receivable or payable arose or was recognized in the latest financial state-ments is recognized in the income statement as financial income or financial expenses. Upon recognition of foreign subsidiaries which are integrated entities, monetary items are translated at the exchange rates at the balance sheet date. Non-monetary items are translated at the exchange rates at the date of acquisition or the date of subsequent revaluations of the asset. Income statement items are trans-lated at the exchange rates at the transaction date, whereas items derived from non-monetary items are translated at historical exchange rates for the non-monetary item. Income statement Revenue Revenue is measured at the fair value of the agreed consideration excluding VAT and taxes charged on behalf of third parties. All discounts granted are deducted from revenue. Revenue from the sale of services is recognized on a straight-line basis in the income statement as the services are provided. Services based on time spent are recognized in revenue as the work is performed. Cost of sales Cost of sales comprises costs incurred to generate revenue for the year. This item also comprises direct costs for goods for resale and charges to inventory of goods for resale. Other external costs Other external costs comprise costs for distribution and sales costs, cost for advertising, administrative ex-penses, cost of premises, etc. Staff costs Staff costs comprise wages and salaries. including holiday allowances, pension and other social security costs, excluding reimbursements from public authorities. Financial income and expenses Financial income and expenses comprise interest income and expense, gains and losses on payables and receivables and transactions denominated in foreign currencies, amortization of financial assets etc. Tax on profit for the year Tax for the year comprises current tax for the year and changes in deferred tax, including changes in tax rates. The tax expense relating to the profit/loss for the year is recognized in the income statement at the amount attributable to the profit/loss for the year and directly in equity at the amount attributable to entries directly in equity. Balance sheet Property, plant and equipment The assets consist of IT hardware. It is measured at cost less accumulated depreciation and impairment losses. Cost comprises the purchase price and any costs directly attributable to the acquisition until the date on which the asset is available for use. The basis of depreciation is cost less any projected residual value after the end of the useful life. Depreciation is provided on a straight-line basis over the estimated useful life. The estimated useful lives are as follows: Fixtures and fittings, tools and equipment: Workstation hardware 48 months Mobile phone hardware 36 months The useful life and residual value are reassessed annually. Changes are treated as accounting estimates and the effect on depreciation is recognized prospectively. Depreciation is recognized in the income statement as Depreciation cost. Gains and losses on the disposal of assets are stated as the difference between the selling price less selling costs and the carrying amount at the date of disposal. Gains and losses are recognized in the income state-ment. Impairment of fixed assets The carrying amount of tools and equipment is subject to an annual test for indications of impairment other than the decrease in value reflected by depreciation or amortization. Impairment tests are conducted of individual assets or groups of assets when there is an indication that they may be impaired. Write-down is made to the recoverable amount if this is lower than the carrying amount. The recoverable amount is the higher of an asset's net selling price and its value in use. The value in use is determined as the present value of the forecast net cash flows from the use of the asset or the group of assets, including forecast net cash flows from the disposal of the asset or the group of assets after the end of the useful life. Previously recognized write-downs are reversed when the basis for the write-down no longer exists. Receivables Receivables are measured at amortized cost. Write-down is made for bad debt losses where there is an objective indication that a receivable has been impaired. If there is an objective indication that an individual receivable has been impaired, write-down is made on an individual basis. Write-downs are calculated as the difference between the carrying amount of receivables and the present value of forecast cash flows, including the realizable value of any collateral received. The effective interest rate for the individual receivable or portfolio is used as discount rate. Prepayments and deferred income Prepayments comprise prepayment of costs incurred relating to subsequent financial years. Deferred in-come comprises payments received regarding income in subsequent years. Equity Dividends The expected dividend payment for the year is disclosed as a separate item under equity. Corporation tax and deferred tax Current tax payable and receivable is recognized in the balance sheet as tax computed on the taxable income for the year, adjusted for tax on the taxable income of prior years and for tax paid on account. Deferred tax is measured using the balance sheet liability method on all temporary differences between the carrying amount and the tax value of assets and liabilities measured on the planned use of the asset or settlement of the liability, respectively. However, deferred tax is not recognized on temporary differences relating to office buildings non-deductible for tax purposes and other items where temporary differences arise at the date of acquisition without affecting either profit/loss or taxable income. Deferred tax assets, including the tax value of tax loss carryforwards, are recognized at the expected value of their utilization within the foreseeable future; either as a set-off against tax on future income or as a set-off against deferred tax liabilities in the same legal tax entity. Any deferred net assets are measured at net realizable value. Deferred tax is measured in accordance with the tax rules and at the tax rates applicable at the balance sheet date when the deferred tax is expected to crystallize as current tax. Changes in deferred tax as a result of changes in tax rates are recognized in the income statement or equity, respectively. Liabilities other than provisions Liabilities are measured at amortized cost, which usually corresponds to nominal value. true Omission of cash flow statement Pursuant to section 86(4) of the Danish Financial Statements Act, no cash flow statement has been pre-pared. The Company’s cash flow is included in the cash flow statement in the consolidated financial state-ment of the ultimate parent. 2 Segment information Revenue per service area Provided IT Platform Workplace Consul-Provided DKKm Operations Operations tancy Licenses Total 2025 254.4 160.0 428.1 251.0 1093.6 2024 213.3 152.3 258.0 177.8 801.4 Revenue per country DKKm Denmark Norway Sweden Finland Total 2025 262.6 249.6 344.9 236.4 1093.6 2024 91.4 217.8 278.9 213.4 801.4 2025 2024 3 Fees to the auditor appointed by the Annual General Meeting Statutory audit services 297 198 Other assurance engagements 0 0 Tax services 0 0 Other services 2840 0 2840 0 297 198 4 Staff costs and incentive programmes Wages and salaries 12 831 9 154 Pensions 2 440 1 785 Other social security costs 1 811 1 608 Other staff costs 9 531 13 638 26 613 26 185 18 15 The CEO and the members of the Board of Directors have not received any specific director’s fee as they are all employed in the If Group. However, the service provided is included in the allocation of cost that has been charged to the Company. Total cost for the managing director and the Board of Directors has been calculated to DKK 1 398 thousand (2024: DKK 1 353 thousand). Other staff costs include DKK 8 006 thousand (2024: DKK 12 133 thousand) paid to other group companies for administrative services. 5 Financial income Interest income from group entities 1 112 1 570 Foreign exchange gains 20 1 765 Other interest income 1 157 25 2840 19 1 157 3 354 6 Financial expenses Interest expense to group entities 1 340 1 777 Foreign exchange losses 8 076 515 Other interest expense 9 484 67 52 9 484 2 344 7 Tax on profit for the year Current tax for the year 667 1 590 Adjustment tax. previous year 95 62 Deferred tax adjustment for the year 30 -940 793 712 3199000 2135000 9 Property, plant and equipment Fixtures and fittings, tools and equip-DKK'000 ment Cost at 1 January 2025 126 387 Foreign exchange adjustments in foreign entities 2 977 Additions 47 551 Adjustment acquisition value 0 Disposals -21 727 Cost at 31 December 2025 155 188 Depreciation and impairment losses at 1 January 2025 83 985 Foreign exchange adjustments in foreign entities 2 037 Impairment losses 0 Depreciation 28 371 Depreciation on disposals -21 727 Depreciation and impairment losses at 31 December 2025 92 665 62 522 Carrying amount at 31 December 2025 62 522 DKK'000 2025 2024 10 Deferred tax Deferred tax at 1 January 6 167 5 346 Deferred tax adjustment for the year in the income statement -30 941 Currency adjustment 129 -120 6 266 6 167 Provisions for deferred tax relate to: Property, plant and equipment 6 266 6 167 Receivables 0 0 6 266 6 167 Deferred tax is recognized in the balance as such: Deferred tax assets 6 266 6266 6 167 6 266 6 167 11 Prepayments Prepayments consist of prepaid license cost, consultancy cost and other IT related cost. 12 Contributed capital The contributed capital consists of: 501 shares of nom. DKK 1,000. The share capital has been unchanged for more than 5 years. All shares rank equally. 13 Trade Payables Accounts Payable, vendor invoices -36 032 -25 108 Accrued vendor invoice cost -70 747 -43 353 -106 779 -68 461 14 Contractual obligations. contingencies. etc. The Company has entered into operating contracts with a remaining term of up to 36 months on Consultancy Contracts, Sourcing Contracts, License Contracts and Other Contracts. The total obligations as of December st31 2025 are estimated to DKK 719 million (2024 DKK 604 million). All Danish companies and branches in the Sampo Group are jointly taxed with Topdanmark A/S being the management company. Pursuant to the specific rules on corporation taxes etc. in the Danish Companies Act, the companies are liable for the jointly taxed companies and for any obligations to withhold tax on interest royalties and dividend for companies concerned. 15 Related party disclosures The related parties comprise the following: If P&C Insurance Holding Ltd (publ) Sweden holds the majority of the contributed capital in the Company. If IT Services A/S is included in the consolidated accounts for If P&C Insurance Holding Ltd (publ) as a subsidiary. Related party transactions If IT Service A/S has had the following transactions with related parties: DKK'000 2025 2024 Sales of IT services (If Group and Sampo Group) 1 093 577 801 406 Purchased administrative services (If Group) 9 403 13 466 Interest income from group entities 1 112 1 570 Interest expenses to group entities 1 340 1 777 16 Group Relations The financial statements for If IT Services A/S are included in the consolidated financial statements for If P&C Insurance Holding Ltd (publ), Stockholm, Sweden, as the lowest group and in the consolidated financial statements for Sampo plc, Helsinki, Finland, as the highest group. Annual report Auditor's report on audited financial statements ParsePort XBRL Converter 2025-01-01 2025-12-31 2024-01-01 2024-12-31 2026-04-07 Reporting class C, large enterprise 2001-06-01 2026-03-26 33963556 DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB Weidekampsgade 6 2300 København S Opinion Basis for Opinion 2026-03-26