43062913 2025-01-01 2025-12-31 6 43062913 2025-01-01 2025-12-31 43062913 2025-01-01 2025-12-31 1 43062913 2024-01-01 2024-12-31 43062913 2025-12-31 43062913 2024-12-31 43062913 2025-01-01 d:DepositsLongtermInvestmentsAndReceivablesMember 43062913 2025-01-01 2025-12-31 d:DepositsLongtermInvestmentsAndReceivablesMember 43062913 2025-12-31 d:DepositsLongtermInvestmentsAndReceivablesMember 43062913 2025-01-01 d:ContributedCapitalMember 43062913 2024-01-01 d:ContributedCapitalMember 43062913 2025-12-31 d:ContributedCapitalMember 43062913 2024-12-31 d:ContributedCapitalMember 43062913 2025-01-01 d:RetainedEarningsMember 43062913 2024-01-01 d:RetainedEarningsMember 43062913 2025-01-01 2025-12-31 d:RetainedEarningsMember 43062913 2024-01-01 2024-12-31 d:RetainedEarningsMember 43062913 2025-12-31 d:RetainedEarningsMember 43062913 2024-12-31 d:RetainedEarningsMember 43062913 2025-01-01 2025-12-31 1 43062913 2025-01-01 2025-12-31 2 43062913 2025-01-01 2025-12-31 3 43062913 2025-01-01 2025-12-31 4 43062913 2025-01-01 2025-12-31 5 iso4217:DKK xbrli:pure Årsrapport 25492145 RSM Danmark, Statsautoriseret Revisionspartnerselskab Ved Vesterport, 6, 5. sal 1612, København V 2024-01-01 2024-12-31 2025-01-01 2025-12-31 43062913 Womar (Denmark) ApS Strandvejen 100 2900 Hellerup RSM Danmark, Statsautoriseret Revisionspartnerselskab 25492145 Martin Enderberg Lassen statsautoriseret revisor mne40044 Ved Vesterport 6, 5. sal 1612 København V Danmark +45 33 93 22 33 kobenhavn@rsm.dk 2026-05-15 Shah Hitesh Chandrakant Regnskabsklasse B Erklæring om udvidet gennemgang Ja CaseWare fra Revisorgruppen Danmark anpartshaverne København V 2026-05-15 Hellerup 2026-05-15 Grundlag for konklusion Konklusion 1009743 1106243 943262 1040771 66481 65472 486 2149 11460 3755 55507 63866 12584 14608 42923 49258 42923 49258 30641 9919 30641 9919 30641 9919 264222 430232 16827 11420 10270 8160 291319 449812 23829 20690 315148 470502 345789 480421 0 6104 6104 214767 171844 220871 177948 0 2001 2918 6548 122000 293924 124918 302473 124918 302473 345789 480421 797915 900845 138190 133976 7157 5950 943262 1040771 5 5 9919 20722 30641 30641 6104 6104 6104 6104 171844 122586 42923 49258 214767 171844 Today, the Executive Board has approved the annual report of Womar (Denmark) ApS for the financial year 1 January - 31 December 2025. The annual report has been prepared in accordance with the Danish Financial Statements Act. We consider the chosen accounting policy to be appropriate, and 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. Further, in our opinion, the Management's review gives a true and fair review of the matters discussed in the Management's review. We recommend that the annual report be approved at the Annual General Meeting. Søren Hempel Morten Skjødt Hans Robert Van der Zidje Shah Hitesh Chandrakant Jain Manish We have performed an extended review of the financial statements of Womar (Denmark) ApS for the financial year 1 January - 31 December 2025, which comprise a summary of significant accounting policies, income statement, balance sheet, statement of changes in equity and notes. The financial statements are prepared under the Danish Financial Statements Act. Based on the work performed, in our opinion, the financial statements give a true and fair view of the Company's financial position at 31 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 We conducted our extended review in accordance with the Danish Business Authority's Assurance Standard for Small Enterprises and FSR – Danish Auditors' standard on extended review of financial statements prepared in accordance with the Danish Financial Statements Act. Our responsibilities under those standards and requirements are further described in the "Practitioner's responsibilities for the extended review of the Financial Statements" section of our report. We are independent of the Company in accordance with the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (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 evidence we have obtained is sufficient and appropriate to provide a basis for our conclusion. Management is responsible for the preparation of financial statements that give a true and fair view in accordance with the Danish Financial Statements Act, and for such internal control as Management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, Management is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting in preparing the financial statements unless Management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. Our responsibility is to express a conclusion on the financial statements. This requires that we plan and perform procedures in order to obtain limited assurance for our conclusion on the financial statements and in addition perform specifically required supplementary procedures to obtain further assurance for our conclusion. An extended review comprises procedures that primarily consist of making inquiries of Management and others within the Company, as appropriate, analytical procedures and the specifically required supplementary procedures as well as evaluation of the evidence obtained. The procedures performed in an extended review are less than those performed in an audit, and accordingly, we do not express an audit opinion on the financial statements. Statement on the Management’s ReviewManagement is responsible for the Management’s Review. Our conclusion 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 extended review of the financial statements, our responsibility is to read the Management’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 extended review, or otherwise 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 accordance with the financial statements and has been prepared in accordance with the requirements of the Danish Financial Statements Act. We did not identify any material misstatement in the Management’s Review. Description of key activities of the companyLike previous years, the activity has been the management of tanker groups and other ship-related business areas. Significant changes in the company's activities and financial mattersThe gross profit for the year totals USD 1.009.743 against DKK 1.106.243 last year. Profit or loss from ordinary activities after tax totals USD 42.923 against DKK 49.258 last year. Management considers the net profit or loss for the year satisfactory. Events occurring after the end of the financial yearThere are no events after the balance day, which affects the yearly report. The annual report for Womar (Denmark) ApS has been presented in accordance with the Danish Financial Statements Act regulations concerning reporting class B enterprises. Furthermore, the company has decided to comply with certain rules applying to reporting class C enterprises. The accounting policies are unchanged from the previous year, and the annual report is presented in American dollars (USD). The exchange rate from USD to DKK is per 31-12-2025 6,6209. Recognition and measurement in generalIncome is recognised in the income statement concurrently with its realisation, including the recognition of value adjustments of financial assets and liabilities. Likewise, all costs are recognised in the income statement, including depreciations amortisations, write-downs for impairment, provisions, and reversals due to changes in estimated amounts previously recognised in the income statement. Assets are recognised in the statement of financial position when it seems probable that future economic benefits will flow to the company and the value of the asset can be reliably measured. Liabilities are recognised in the statement of financial position when it is seems probable that future economic benefits will flow out of the company and the value of the liability can be reliably measured. Assets and liabilities are measured at cost at the initial recognition. Hereafter, assets and liabilities are measured as described below for each individual accounting item. Certain financial assets and liabilities are measured at amortised cost, allowing a constant effective interest rate to be recognised during the useful life of the asset or liability. Amortised cost is recognised as the original cost less any payments, plus/less accrued amortisations of the difference between cost and nominal amount. In this way, capital losses and gains are allocated over the useful life of the liability. Upon recognition and measurement, allowances are made for such predictable losses and risks which may arise prior to the presentation of the annual report and concern matters that exist on the reporting date. Foreign currency translationTransactions in foreign currency are translated by using the exchange rate prevailing at the date of the transaction. Differences in the rate of exchange arising between the rate at the date of transaction and the rate at the date of payment are recognised in the profit and loss account as an item under net financials. If currency positions are considered to hedge future cash flows, the value adjustments are recognised directly in equity in a fair value reserve. Receivables, payables, and other foreign currency monetary items are translated using the closing rate. The difference between the closing rate and the rate at the time of the occurrence or initial recognition in the latest financial statements of the receivable or payable is recognised in the income statement under financial income and expenses. Fixed assets acquired and paid for in foreign currency are measured at the exchange rate prevailing at the date of  the transaction. Gross profitGross profit comprises the revenue, cost of sales and external costs. Revenue is recognised in the income statement if delivery and passing of risk to the buyer have taken place before the end of the year and if the income can be determined reliably and inflow is anticipated. Revenue is measured at the fair value of the consideration promised exclusive of VAT and taxes and less any discounts relating directly to sales. Cost of sales comprises costs concerning purchase of freight expenses and commissions. Other external expenses comprise expenses incurred for sales, administration, premises. Staff costsStaff costs include salaries and wages, including holiday allowances, pensions, and other social security costs, etc., for staff members. Financial income and expensesFinancial income and expenses are recognised in the income statement with the amounts concerning the financial year. Financial income and expenses comprise interest income and expenses, financial expenses from debt and transactions in foreign currency. Tax on net profit or loss for the yearTax for the year comprises the current income tax for the year and is recognised in the income statement with the share attributable to the net profit or loss for the year and directly in equity with the share attributable to entries directly in equity.  DepositsDeposits are measured at amortised cost and represent lease deposits, etc. ReceivablesReceivables are measured at amortised cost, which usually corresponds to nominal value. PrepaymentsPrepayments recognised under assets comprise incurred costs concerning the following financial year. Cash and cash equivalentsCash and cash equivalents comprise cash at bank and on hand. Income tax and deferred taxCurrent tax liabilities and current tax receivable are recognised in the statement of financial position as calculated tax on the taxable income for the year, adjusted for tax of previous years' taxable income and for tax paid on account. Liabilities other than provisionsOther liabilities concerning payables to suppliers, group enterprises, and other payables are measured at amortised cost which usually corresponds to the nominal value. 3.ContingenciesContingent liabilitiesLease liabilities:The company has entered into leases agreement for office space with 6 months notice period In the new lease their is a binding period until 1. October 2027 corresponding to total liability off USD 95.300. 4.Related partiesConsolidated financial statementsThe company is included in the consolidated financial statements of Womar Logistics Pte Ltd., 8 Temasek Boulevard, Suntec Tower 3, #22-02A, Singapore 038988