14310940 2025-04-01 2026-03-31 0 14310940 2024-04-01 2025-03-31 0 14310940 2002-01-01 2002-12-31 0 14310940 2001-01-01 2001-12-31 0 14310940 2000-01-01 2000-12-31 0 14310940 2025-04-01 2026-03-31 1 14310940 2024-04-01 2025-03-31 1 14310940 2002-01-01 2002-12-31 1 14310940 2001-01-01 2001-12-31 1 14310940 2000-01-01 2000-12-31 1 14310940 2025-04-01 2026-03-31 14310940 2025-04-01 2026-03-31 1 14310940 2025-04-01 2026-03-31 1 14310940 2025-04-01 2026-03-31 1 14310940 2025-04-01 2026-03-31 2 14310940 2025-04-01 2026-03-31 3 14310940 2025-04-01 2026-03-31 4 14310940 2002-01-01 2002-12-31 14310940 2001-01-01 2001-12-31 14310940 2000-01-01 2000-12-31 14310940 2024-04-01 2025-03-31 14310940 2002-12-31 14310940 2001-12-31 14310940 2000-12-31 14310940 2026-03-31 14310940 2025-03-31 14310940 2025-04-01 d:ContributedCapitalMember 14310940 2025-04-01 d:ReserveForCurrentValueOfHedgingMember 14310940 2025-04-01 d:RetainedEarningsMember 14310940 2025-04-01 d:ProposedDividendRecognisedInEquityMember 14310940 2025-04-01 2026-03-31 d:ReserveForCurrentValueOfHedgingMember 14310940 2025-04-01 2026-03-31 d:RetainedEarningsMember 14310940 2025-04-01 2026-03-31 d:ProposedDividendRecognisedInEquityMember 14310940 2026-03-31 d:ContributedCapitalMember 14310940 2026-03-31 d:ReserveForCurrentValueOfHedgingMember 14310940 2026-03-31 d:RetainedEarningsMember 14310940 2026-03-31 d:ProposedDividendRecognisedInEquityMember 14310940 2025-04-01 14310940 2024-04-01 14310940 2025-04-01 d:AcquiredIntangibleAssetsMember 14310940 2025-04-01 2026-03-31 d:AcquiredIntangibleAssetsMember 14310940 2026-03-31 d:AcquiredIntangibleAssetsMember 14310940 2025-04-01 d:LandAndBuildingsMember 14310940 2025-04-01 d:PlantAndMachineryMember 14310940 2025-04-01 d:FixturesFittingsToolsAndEquipmentMember 14310940 2025-04-01 2026-03-31 d:LandAndBuildingsMember 14310940 2025-04-01 2026-03-31 d:PlantAndMachineryMember 14310940 2025-04-01 2026-03-31 d:FixturesFittingsToolsAndEquipmentMember 14310940 2026-03-31 d:LandAndBuildingsMember 14310940 2026-03-31 d:PlantAndMachineryMember 14310940 2026-03-31 d:FixturesFittingsToolsAndEquipmentMember 14310940 2026-03-31 d:LongtermMortgageLoansMember iso4217:DKK xbrli:pure Total cash flows Total cash flows Total cash flows Total cash flows Total cash flows Current ratio Current ratio Current ratio Current ratio Current ratio Årsrapport 30700228 EY Godkendt Revisionspartnerselskab Værkmestergade 25 Postboks 330, 8100 Aarhus C 2025-04-01 2026-03-31 2024-04-01 2025-03-31 14310940 PcP. Danmark A/S Sverigesvej 2-4 7480 Vildbjerg 1990-06-28 Herning EY Godkendt Revisionspartnerselskab 30700228 Værkmestergade 25 8100 Aarhus C Danmark +45 73 23 30 00 2026-05-27 Nils Martin Sirvell Regnskabsklasse C, mellemstor virksomhed Revisionspåtegning Grundlag for konklusion Konklusion true 2026-05-27 2026-05-27 CaseWare Working Papers Today, the Board of Directors and the Executive Board have discussed and approved the annual report of PcP. Danmark A/S for the financial year 1 April 2025 - 31 March 2026. The annual report is prepared in accordance 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 March 2026 and of the results of the Company's operations and cash flows for the financial year 1 April 2025 - 31 March 2026. Further, in our opinion, the Management's review gives a fair review of the matters discussed in the Management's review. We recommend that the annual report be approved at the annual general meeting. Vildbjerg Carsten Stubkjær Mumm Nils Martin Sirvell Chairman Carsten Stubkjær Mumm Per Brask Ikov Susanne Nørrevang Jensen To the shareholders of PcP. Danmark A/S We have audited the financial statements of PcP. Danmark A/S for the financial year 1 April 2025 - 31 March 2026, which comprise income statement, balance sheet, statement of changes in equity, cash flow statement and notes, including 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 financial position of the Company at 31 March 2026 and of the results of the Company's operations as well as the cash flows for the financial year 1 April 2025 - 31 March 2026 in accordance with the Danish Financial Statements Act. 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 further described in the "Auditor's responsibilities for the audit of the financial 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.IndependenceWe 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 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 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 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 the 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 Company'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 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 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 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 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'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 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 audit, 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 Statement Act. We did not identify any material misstatement of the Management's review. Aarhus Henrik Pungvig Jensen State Authorised Public Accountant mne24825 111148000 142465000 104754000 36275000 45509000 30541000 -1438000 -1219000 -377000 -462000 -428000 27942000 27942000 35118000 127414000 133500000 144751000 6151000 4419000 3842000 2801000 6359000 63815000 37376000 72108000 32397000 59012000 18502000 -4385000 -2580000 -6197000 -6403000 -79657000 -16309000 -1000 -1962000 21609000 -23225000 -4004000 116.4 146.9 160.0 109.3 177.6 32.6 46.5 50.1 28.0 49.8 44.5 46.8 55.2 51.0 51.4 126 132 133 For terms and definitions, please see the accounting policies. The activities continue being manufacturing of steel products for the metal industry and construction industry. Year 2025/26 has offered changes and new opportunities towards PcP. It is a satisfied management that presents an annual report that shows the gross profit for the year totals TDKK 96.443 against TDKK 97.757 last year. Income from ordinary activities after tax totals TDKK 22.669 against TDKK 28.314 last year.Profit/loss for the year compared to previously announced expectations Management expectations were a net profit for the year at the same level as in 2024/25. This goal was not met, but the executive board and the board of directors consider the net profit for the year 2024/25 still satisfactory. Price risksThe company makes the necessary agreements on delivery of raw material used in production to ensure stable supplies. Risk conditions in this context are thus unchanged.Due to substantial price fluctuations in the market, the company application of steel etc. in production implies a special risk, as an increase in prices not necessarily can be included to the full extent in the price of the finished products.Exchange rate risksIt is generally not the company's exchange rate policy to hedge exchange rate risks, etc., since it is the company's opinion that ongoing hedging is not to prefer in a context of an overall risk and cost consideration.Environmental issuesThe company is environmentally conscious and is through an ongoing process, aiming to reduce the environmental impacts of corporate operations. The company does not conduct systematic research, but there is a continuous adaptation and improvement of the company production methods. No events have occurred subsequent to the balance sheet date that would have any material impact on the company’s financial position as per 31 March 2026. Environmental focus and ESG (environmental, social, and corporate governance) are today crucial elements in PcP’s dialogue with customers and project owners. PcP is in front within these trends, and PcP’s R&D resources are focused on documentation and improvements to support the heavy customer interest. Grating solutions, where strength/weight ratio is optimized, will be the future, to save environment impact but also to improve bargaining power in a challenged marked.Internal optimization within production and supply chain will be conducted to meet the demands and the new ways of matching the market requests.Management expects net profit results for 2026/27 at the same level as in 2025/26. 119712000 114359000 82732000 70784000 6343000 5939000 30637000 37636000 12000 26000 270000 1086000 1720000 2331000 29199000 36417000 6530000 8103000 22669000 28314000 1298000 819000 1298000 819000 22770000 23534000 10623000 10134000 839000 365000 34232000 34033000 35530000 34852000 25193000 21913000 12576000 9094000 9732000 8691000 47501000 39698000 28640000 33040000 24320000 14099000 1543000 1208000 54503000 48347000 6000 7000 102010000 88052000 137540000 122904000 2100000 2100000 459000 415000 39785000 29616000 2500000 25000000 44844000 57131000 2760000 2972000 2760000 2972000 2330000 2880000 2330000 2880000 551000 534000 3110000 1590000 26436000 22493000 35460000 14846000 1521000 1514000 20528000 18944000 87606000 59921000 89936000 62801000 137540000 122904000 2100000 415000 29616000 25000000 0 20169000 2500000 44000 0 0 25000000 10000000 0 2100000 459000 39785000 2500000 22669000 28314000 14367000 15141000 -16595000 -759000 20441000 42696000 270000 1112000 1720000 2331000 6735000 6914000 12256000 34563000 870000 485000 6149000 4419000 0 120000 -7019000 -4784000 35000000 35000000 30295000 4694000 533000 1435000 -5238000 -31741000 -1000 -1962000 7000 1969000 6000 7000 The annual report of PcP. Danmark A/S for 2025/26 has been prepared in accordance with the provisions in the Danish Financial Statements Act applying to medium-sized reporting class C entities. The accounting policies used in the preparation of the financial statements are consistent with those of last year. Reporting currencyThe financial statements are presented in Danish kroner (DKK'000). On initial recognition, transactions denominated in foreign currencies are translated at the exchange rate at the transaction date. Foreign exchange differences arising between the exchange rates at the transaction date and the date of payment are recognised in the income statement as financial income or financial expenses.Receivables and payables and other monetary items denominated in foreign currencies are translated at the exchange rate 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 recognised in the most recent financial statements is recognised in the income statement as financial income or financial expenses. On initial recognition, derivative financial instruments are recognised at cost in the balance sheet and are subsequently measured at fair value. Positive and negative fair values of derivative financial instruments are presented as separate items in the balance sheet.Fair value adjustments of derivative financial instruments designated as and qualifying for recognition as a hedge of the fair value of a recognised asset or liability are recognised in the income statement along with changes in the fair value of the hedged asset or liability.Fair value adjustments of derivative financial instruments designated and qualifying as hedging of future assets or liabilities are recognised as separate items in the balance sheet and in the hedging reserve under equity. If the forecast transaction results in the recognition of assets or liabilities, amounts previously recognised in equity are transferred to the cost of the asset or liability, respectively. If the forecast transaction results in income or expenses, amounts previously recognised in equity are transferred to the income statement in the period in which the hedged item affects the income statement. The Company has chosen IAS 18 as interpretation for revenue recognition.Income from the sale of goods for resale and finished goods, is recognised in revenue when the most significant rewards and risks have been transferred to the buyer and provided the income can be measured reliably and payment is expected to be received. The date of the transfer of the most significant rewards and risks is based on standardised terms of delivery.Revenue is measured at the fair value of the agreed consideration excluding VAT and taxes charged on behalf of third parties. All discounts and rebates granted are recognised in revenue. The items revenue, other operating income and external expenses have been aggregated into one item in the income statement called gross profit in accordance with section 32 of the Danish Financial Statements Act. Other operating income comprise items secondary to the principal activities of the Company, including rental income from the temporary lease out of production facilities, compensation, government grants, refund of wages and salaries, gains on the disposal of intangible assets and property, plant and equipment, etc. Compensation and grants are recognised when there is reasonable assurance that the entity will comply with the conditions attaching to them and the grants will be received. Raw materials and consumables include expenses relating to raw materials and consumables used in generating the year's revenue. Other external expenses include the year's expenses relating to the Company's core activities, including expenses relating to distribution, sale, advertising, administration, premises, bad debts, payments under operating leases, etc. Staff costs comprise wages and salaries, including holiday allowance and pensions, and other social security costs, etc., for the Company's employees. The item comprises amortisation/depreciation of intangible assets and property, plant and equipment.The basis of amortisation/depreciation, which is calculated as cost less any residual value, is amortised/depreciated on a straight line basis over the expected useful life. The expected useful lives of the assets are as follows:Acquired intangible assets 3 years Buildings 5-45 yearsPlant and machinery 5-20 yearsFixtures and fittings, other plant and equipment 3-20 years Depreciation is based on the residual value of the asset and is reduced by impairment losses, if any. The depreciation period and the residual value are determined at the acquisition date and are reassessed annually. Where the residual value exceeds the carrying amount of the asset, no further depreciation charges are recognised.In the case of changes in the depreciation period or the residual value, the effect on the depreciation charges is recognised prospectively as a change in accounting estimates.Land is not depreciated. Financial income and expenses are recognised in the income statements at the amounts that concern the financial year. Net financials include interest income and expenses as well as allowances and surcharges under the advance-payment-of-tax scheme, etc. Tax for the year includes current tax on the year's expected taxable income and the year's deferred tax adjustments. The portion of the tax for the year that relates to the profit/loss for the year is recognised in the income statement, whereas the portion that relates to transactions taken to equity is recognised in equity.The entity is jointly taxed with other group entities. The total Danish income tax charge is allocated between profit/loss-making Danish entities in proportion to their taxable income (full absorption).Jointly taxed entities entitled to a tax refund are reimbursed by the management company based on the rates applicable to interest allowances, and jointly taxed entities which have paid too little tax pay a surcharge according to the rates applicable to interest surcharges to the management company. Other intangible assets include development projects and other acquired intangible rights, including software licences, distribution rights and development projects.Other intangible assets are measured at cost less accumulated amortisation and impairment losses. Property, plant and equipmentItems of property, plant and equipment are measured at cost less accumulated depreciation and impairment losses. Cost includes the acquisition price and costs directly related to the acquisition until the time at which the asset is ready for use.Gains or losses are calculated as the difference between the selling price less selling costs and the carrying amount at the date of disposal. Gains and losses from the disposal of property, plant and equipment are recognised in the income statement as other operating income or other operating expenses. The carrying amount of intangible assets and property, plant and equipment is assessed for impairment on an annual basis. Impairment tests are conducted on assets or groups of assets when there is evidence of impairment. The carrying amount of impaired assets is reduced to the higher of the net selling price and the value in use (recoverable amount). The recoverable amount is the higher of the net selling price of an asset and its value in use. The value in use is calculated as the present value of the expected net cash flows from the use of the asset or the group of assets and the expected net cash flows from the disposal of the asset or the group of assets after the end of the useful life.Previously recognised impairment losses are reversed when the reason for recognition no longer exists. Inventories are measured at cost in accordance with the FIFO method. Where the net realisable value is lower than cost, inventories are written down to this lower value. The net realisable value of inventories is calculated as the sales amount less costs of completion and expenses required to effect the sale and is determined taking into account marketability, obsolescence and development in the expected selling price.The cost of raw materials and consumables comprises the cost of acquisition plus delivery costs.The cost of finished goods and work in progress includes the cost of raw materials, consumables, direct labour and indirect production overheads.Indirect production overheads include the indirect cost of material and labour as well as maintenance and depreciation of production machinery, buildings and equipment and expenses relating to plant administration and management. Borrowing costs are not recognised in the cost.Goods for resale are measured at cost, which comprises the cost of acquisition plus delivery costs as well as other expenses directly attributable to the acquisition. The Company has chosen IAS 39 as interpretation for impairment write-down of financial receivables.Receivables are measured at amortised cost.An impairment loss is recognised if there is objective evidence that a receivable or a group of receivables is impaired. If there is objective evidence that an individual receivable has been impaired, an impairment loss is recognised on an individual basis.Receivables in respect of which there is no objective evidence of individual impairment are tested for objective evidence of impairment on a portfolio basis. The portfolios are primarily based on the debtors' domicile and credit ratings in line with the Company's risk management policy. The objective evidence applied to portfolios is determined based on historical loss experience.Impairment losses are calculated as the difference between the carrying amount of the receivables and the present value of the expected cash flows, including the realisable value of any collateral received. The effective interest rate for the individual receivable or portfolio is used as discount rate. Prepayments recognised under "Assets" comprise prepaid expenses regarding subsequent financial reporting years. Cash and cash equivalents comprise cash at bank and on hand. Hedging reserveThe hedging reserve comprises the cumulative net change in the fair value of hedging transactions that qualify for recognition as a cash flow hedge and where the hedged transaction has not yet been realised. The reserve is dissolved when the hedged transaction is realised, if the hedged cash flows are no longer expected to be realised or if the hedging relationship is no longer effective. The reserve does not represent a limitation under company law and may therefore be negative.Proposed dividendsDividend proposed for the year is recognised as a liability once adopted at the annual general meeting (declaration date). Dividends expected to be distributed for the financial year are presented as a separate item under "Equity". Dividend proposed for the year is recognised as a liability once adopted at the annual general meeting (declaration date). Dividends expected to be distributed for the financial year are presented as a separate item under "Equity". Current tax payables and receivables are recognised in the balance sheet as the estimated income tax charge for the year, adjusted for prior-year taxes and tax paid on account.Deferred tax is measured according to the liability method on all temporary differences between the carrying amount and the tax base of assets and liabilities. However, deferred tax is not recognised on temporary differences relating to goodwill which is not deductible for tax purposes and on office premises and other items where temporary differences, apart from business combinations, arise at the date of acquisition without affecting either profit/loss for the year or taxable income. Where alternative tax rules can be applied to determine the tax base, deferred tax is measured based on Management's intended use of the asset or settlement of the liability, respectively.Deferred tax is measured according to the tax rules and at the tax rates applicable at the balance sheet date when the deferred tax is expected to crystallise as current tax. Deferred tax assets are recognised at the expected value of their utilisation; 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. Changes in deferred tax due to changes in the tax rate are recognised in the income statement. The Company has chosen IAS 39 as interpretation for liabilities.Financial liabilities are recognised at the date of borrowing at the net proceeds received less transaction costs paid. On subsequent recognition, financial liabilities are measured at amortised cost, corresponding to the capitalised value, using the effective interest rate. Accordingly, the difference between the proceeds and the nominal value is recognised in the income statement over the term of the loan. Financial liabilities also include the capitalised residual lease liability in respect of finance leases.Other liabilities are measured at net realisable value. The cash flow statement shows the Company's net cash flows broken down according to operating, investing and financing activities, the year's changes in cash and cash equivalents as well as the cash and cash equivalents at the beginning and the end of the year.Cash flows from operating activities are calculated as the profit/loss for the year adjusted for non cash operating items, changes in working capital and paid corporate income tax.Cash flows from investing activities comprise payments in connection with acquisitions and disposals of entities and activities and of intangible assets, property, plant and equipment and investments.Cash flows from financing activities comprise changes in the size or composition of the Company's share capital and related expenses as well as raising of loans, repayment of interest bearing debt and payment of dividends to shareholders. Cash and cash equivalents comprise cash, short term bank loans and short term securities which are readily convertible into cash and which are subject only to insignificant risks of changes in value. The financial ratios stated under "Financial highlights" have been calculated as follows:Operating profit/loss Profit/loss before net financials +/- Other operating income and other operating expensesCurrent ratio Current assets x 100Current liabilitiesEquity ratio Equity, year-end x 100Total equity and liabilities, year-endReturn on equity Profit/loss after tax x 100Average equity 72860000 63107000 7843000 6035000 2029000 1642000 82732000 70784000 148 126 Total remuneration to Management: t.DKK 2.673 (2024/25: t.DKK 2.384) 12000 26000 258000 1060000 127000 141000 1593000 2190000 2500000 25000000 20169000 3314000 1141000 870000 2011000 322000 391000 713000 1298000 72807000 115267000 15460000 1213000 4287000 651000 0 1576000 0 74020000 117978000 16111000 49273000 105133000 15095000 1977000 3798000 177000 0 -1576000 0 51250000 107355000 15272000 22770000 10623000 839000 Note15provides more details on security for loans, etc. as regards property, plant and equipment. Prepayments include accrual of expenses relating to subsequent financial years, including insurance policies, IT ect. The Company's share capital has remained DKK 2,100 thousand in the past year. The share capital consists of shares, each with a nominal value of DKK 1,000 and multipla thereof. No shares hold paricular rights. 2972000 2983000 2760000 2972000 The provision for deferred tax primarily relates to timing differences in respect of intangible assets and property, plant and equipment. 2881000 551000 2330000 0 PcP. Danmark A/S part of the cash pool agreement is recognized as payables to group entities of DKK 34,989 thousand. Other contingent liabilities The Company has provided guarantees for bank debt within the Group and is jointly and severally liable, together with the other Danish group entities, for the Group’s exposure to credit institutions credit line of DKK 60,000 thousand. The company has provided guarantees for rent of property of some group enterprises DKK 440 thousand. The company have entered into operating leases with the total lease commitment amounting to DKK 432 thousand. With Lagercrantz A/S, company reg. no 81746710 as administration company, the company is subject to the Danish scheme of joint taxation and unlimitedly, jointly, and severally liable, along with the other jointly taxed companies, for the total corporation tax. The company is unlimitedly, jointly, and severally liable, along with the other jointly taxed companies, for any obligations to withhold tax on interest, royalties, and dividends. As security for bank debt to banks, the following is deposited: Mortgage deed for DKK 36,357 thousand, owner mortgage deed for DKK 14,800 thousand and letter of indemnity for DKK 8,000 thousand for a property. The total carrying amount of this asset is DKK 12,710 thousand as per 31/03/2026. Parties exercising control Related partyDomicileBasis for control PcP Corporation A/SVildbjerg, DenmarkMajority shareholder Lagercrantz A/SBrøndby, DenmarkControlling Party Lagercrantz ABStockholm, SwedenUltimate controlling party Information about consolidated financial statements ParentDomicileRequisitioning of the parent company's consolidated financial statements Lagercrantz ABSwedenwww.lagercrantz.com Related party transactions The Company solely discloses related party transactions that have not been carried out on an arm's length basis, cf. section 98c(6) of the Danish Financial Statements Act. All transactions have been carried out on an arm's length basis. 6343000 5939000 0 120000 -270000 -1112000 -1720000 -2331000 6530000 8103000 44000 0 7803000 -5944000 -6156000 -5345000 2636000 1360000 0 2000 6000 7000