40986650 2025-01-01 2025-12-31 40986650 2025-01-01 2025-12-31 2 40986650 2025-01-01 2025-12-31 memberOfBoardIdentifier_executive_board_1 40986650 2025-01-01 2025-12-31 1 40986650 2024-01-01 2024-12-31 40986650 2025-12-31 40986650 2024-12-31 40986650 2025-12-31 fsa:ConvertibleProfitYieldingOrDividendYieldingLongtermDebtInstrumentsMember 40986650 2024-12-31 fsa:ConvertibleProfitYieldingOrDividendYieldingLongtermDebtInstrumentsMember iso4217:DKK pure Årsrapport 33771231 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Strandvejen 44 2900 Hellerup 2025-01-01 2024-01-01 2025-12-31 2024-12-31 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab 33771231 Regnskabsklasse B Andre erklæringer uden sikkerhed 2026-06-18 Gianluca Ventura The Executive Board has today considered and adopted the Annual Report of Pluto 2019 ApS for the financial year 1 January - 31 December 2025. The Annual Report is prepared in accordance with the Danish Financial Statements Act. The Company complies with the exemption provisions governing the omission to have its Financial Statements audited. In my opinion the Financial Statements give a true and fair view of the financial position at 31 December 2025 of the Company and of the results of the Company operations for 2025. I recommend that the Annual Report be adopted at the Annual General Meeting. Copenhagen 2026-06-18 Gianluca Ventura Executive Officer To the Management of Pluto 2019 ApSWe have compiled the Financial Statements of Pluto 2019 ApS for the financial year 1 January - 31 December 2025 on the basis of the Company’s accounting records and other information you have provided.The Financial Statements comprise income statement, balance sheet and notes, including a summary of significant accounting policies.We performed our work in accordance with ISRS 4410, Engagements to Compile Financial Information.Based on our professional expertise, we have assisted you with the preparation and presentation of the Financial Statements in accordance with the Danish Financial Statements Act. We have complied with relevant provisions of the Danish Act on Approved Auditors and Audit Firms and the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (IESBA Code), including the principles of integrity, objectivity, professional competence and due care.The Financial Statements and the accuracy and completeness of the information forming the basis of the compilation of the Financial Statements are your responsibility.As an engagement to compile financial information is not an assurance engagement, we are under no duty to verify the accuracy or completeness of the information you provided to us to compile the Financial Statements. Accordingly, we express no audit opinion or review opinion as to whether the Financial Statements have been prepared in accordance with the Danish Financial Statements Act. Hellerup 2026-06-18 PricewaterhouseCoopersStatsautoriseret Revisionspartnerselskab 33771231 Leif Ulbæk Jensen Sune Christensen Bjerre State Authorised Public Accountant State Authorised Public Accountant mne23327 mne47832 Pluto 2019 ApS Axeltorv 2 1609 Copenhagen 40986650 Gentofte Strandvejen 44 2900 Hellerup 12300 10000 -12300 -10000 237309 258960 -249609 -268960 0 0 -249609 -268960 -249609 -268960 2982499 2982499 2982499 2982499 2982499 2982499 2982499 2982499 40000 40000 -1329120 -1079511 -1289120 -1039511 4259309 4012010 4259309 4012010 11500 10000 810 0 12310 10000 4271619 4022010 2982499 2982499 The company's equity is lost. Hence, the company is covered by the Companies Act's rules on capital losses. It is management's assessment that the equity will be restored in the future via capital contributions, earnings or a combination.Management will provide liquidity to the company for 2026 as basis for the continuing operations of the company. The company's main activity is to invest in other companies and business related hereto. 1 1 The Company has no employees apart from the Management. Interest to shareholder237,299258,960Other financial expenses100237,309258,960 Payments due within 1 year are recognised in short-term debt. Other debt is recognised in long-term debt.The debt falls due for payment as specified below:Convertible and profit-yielding instruments of debt4,259,3094,012,010 0 4012010 4259309 0 4259309 4012010 0 0 Other investments are realised in 2026 at a significant higher value than the book value. After the balance sheet date, no other events occurred which have a significant impact on the 2025 annual report. The Annual Report of Pluto 2019 ApS for 2025 has been prepared in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B as well as selected rules applying to reporting class C.The accounting policies applied remain unchanged from last year.The Financial Statements for 2025 are presented in DKK. Recognition and measurementRevenues are recognised in the income statement as earned. Furthermore, value adjustments of financial assets and liabilities measured at fair value or amortised cost are recognised. Moreover, all expenses incurred to achieve the earnings for the year are recognised in the income statement, including depreciation, amortisation, impairment losses and provisions as well as reversals due to changed accounting estimates of amounts that have previously been recognised in the income statement.Assets are recognised in the balance sheet when it is probable that future economic benefits attributable to the asset will flow to the Company, and the value of the asset can be measured reliably.Liabilities are recognised in the balance sheet when it is probable that future economic benefits will flow out of the Company, and the value of the liability can be measured reliably.Assets and liabilities are initially measured at cost. Subsequently, assets and liabilities are measured as described for each item below. Other external expensesOther external expenses comprise general administration expenses. Gross lossWith reference to section 32 of the Danish Financial Statements Act, gross profit/loss is calculated as a summary of other external expenses. Financial income and expenses are recognised in the income statement at the amounts relating to the financial year. Tax on profit/loss for the yearTax for the year consists of current tax for the year and changes in deferred tax for the year. The tax attributable to the profit for the year is recognised in the income statement, whereas the tax attributable to equity transactions is recognised directly in equity. Fixed asset investmentsFixed asset investments, which consist of other investments, are measured at cost.Investments which are not traded in an active market are measured at the lower of cost and recoverable amount. Deferred tax assets and liabilitiesDeferred income tax is measured using the balance sheet liability method in respect of temporary differences arising between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes on the basis of the intended use of the asset and settlement of the liability, respectively.Deferred tax assets are measured at the value at which the asset is expected to be realised, either by elimination in tax on future earnings or by set-off against deferred tax liabilities within the same legal tax entity.Deferred tax is measured on the basis of the tax rules and tax rates that will be effective under the legislation at the balance sheet date when the deferred tax is expected to crystallise as current tax. Any changes in deferred tax due to changes to tax rates are recognised in the income statement or in equity if the deferred tax relates to items recognised in equity. Loans are recognised initially at the proceeds received net of transaction expenses incurred. Subsequently, the loans are measured at amortised cost; the difference between the proceeds and the nominal value is recognised as an interest expense in the income statement over the loan period.Other debts are measured at amortised cost, substantially corresponding to nominal value.