32670075 2025-01-01 2025-12-31 32670075 2025-01-01 2025-12-31 1 32670075 2025-01-01 2025-12-31 1 32670075 2025-01-01 2025-12-31 1 32670075 2025-01-01 2025-12-31 2 32670075 2025-01-01 2025-12-31 3 32670075 2025-01-01 2025-12-31 4 32670075 2024-01-01 2024-12-31 32670075 2025-12-31 32670075 2024-12-31 32670075 2023-12-31 fsa:ContributedCapitalMember 32670075 2023-12-31 fsa:RetainedEarningsMember 32670075 2023-12-31 fsa:ProposedDividendRecognisedInEquityMember 32670075 2023-12-31 32670075 2024-01-01 2024-12-31 fsa:ContributedCapitalMember 32670075 2024-01-01 2024-12-31 fsa:RetainedEarningsMember 32670075 2024-01-01 2024-12-31 fsa:ProposedDividendRecognisedInEquityMember 32670075 2024-12-31 fsa:ContributedCapitalMember 32670075 2024-12-31 fsa:RetainedEarningsMember 32670075 2024-12-31 fsa:ProposedDividendRecognisedInEquityMember 32670075 2025-01-01 2025-12-31 fsa:ContributedCapitalMember 32670075 2025-01-01 2025-12-31 fsa:RetainedEarningsMember 32670075 2025-01-01 2025-12-31 fsa:ProposedDividendRecognisedInEquityMember 32670075 2025-12-31 fsa:ContributedCapitalMember 32670075 2025-12-31 fsa:RetainedEarningsMember 32670075 2025-12-31 fsa:ProposedDividendRecognisedInEquityMember employee iso4217:DKK Annual report Independent Auditor’s Report 2024-01-01 2024-12-31 Reporting class B Workiva Platform 25160037 25160037 Parseport ApS Roholmsvej 10F 2620 Albertslund Denmark 45 53530010 www.parseport.com Piaster Revisorernestatsautoriseret revisionsaktieselskab info@parseport.com Engholm Parkvej 8 32670075 3450 Allerød 2010-01-01 Albertslund, Denmark 2025-01-01 2025-12-31 2026-06-22 Emil Dencker Steenberg The Company’s Directors have today considered and approved the Annual Report for 2025 for ParsePort ApS.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 assets and liabilities, financial position, and results of operations for the financial year ended 31 December 2025.In our opinion the Management’s Review gives a true and fair statement regarding the content in the Management’s Review.We recommend that the Annual Report be approved at the Annual General Meeting. Albertslund 2026-06-22 Louise Harders Manager Julie Iskow Brandon Ziegler Director Director Junko Swain Barbara Ann Larson Director Director Management’s ReviewPrimary activities of the CompanyWe develop and sell digital reporting solutions for financial reporting in the well-adapted XBRL format used by authorities like the European Banking Authority (EBA), European Insurance and Occupational Pensions Authority (EIOPA), European Securities and Markets Authority (ESMA), and local business authorities. Our solutions are being used by public and private companies all over the world.Workiva Inc. is the ultimate parent company, which is registered in the United States with its registered office address being 2900 University Boulevard, Ames, IA 50010.Development in activities and financial affairsIn line with group strategy, ParsePort ApS grew during 2025 with gross profit increasing to DKK45.1 million from DKK38.0 million in the previous year. This was the result of the ramping up of sales after full Workiva support and overall expansion. We decreased to 47 employees from 52 employees in the prior year.Operating expenses for the year were DKK42.7 million (2024: DKK45.2 million), with the decrease being a result of reduction in expenditures related to staff costs to recruit, hire and retain employees. Due to greater gross profit and reduced operating expense, our total profit for the year increased to DKK4.0 million (2024: DKK(8.0) million).The growth in the company has also been observed with the increase in total assets to DKK39.5 million from DKK34.0 million in the prior year. Workiva Inc., the company’s ultimate parent, has provided written confirmation of their intention to continue to make available such funds as are needed by the company into the future. While forecasts are only prepared at the ultimate parent, consolidated level, Workiva Inc. continues to monitor the financials results of the company. Due to this support and positive financial trends, the financial statements have been prepared on a going concern basis which the directors consider to be appropriate.Significant events occurred after the end of the financial yearNo events materially affecting the financial position of the Company have occurred after the end of the financial year. Primary activities of the CompanyWe develop and sell digital reporting solutions for financial reporting in the well-adapted XBRL format used by authorities like the European Banking Authority (EBA), European Insurance and Occupational Pensions Authority (EIOPA), European Securities and Markets Authority (ESMA), and local business authorities. Our solutions are being used by public and private companies all over the world.Workiva Inc. is the ultimate parent company, which is registered in the United States with its registered office address being 2900 University Boulevard, Ames, IA 50010. 47 52 To the Shareholder of ParsePort ApS Opinion We have audited the financial statements of Parseport ApS for the financial year January 1 - 31 December 2025, which comprise the income statement, balance sheet, statement of changes in equity, notes, and a summary of significant accounting policies for the Company. The financial statements are prepared under 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 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 are independent of the Company in accordance with the International Ethics Standards Board for Accountants’ Code of Ethics for Professional Accountants (IESBA Code) and the additional 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 sufficient and appropriate to provide a basis for our option. 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 about 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 these 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 skepticism 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 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 Management’s Review.Our opinion on the financial statements does not cover 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 Management’s Review and, in doing so, consider whether 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 Management’s Review provides the information required under the Danish Financial Statements Act.Based on the work we have performed, we conclude that 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 of Management’s Review. Alleroed 2026-06-22 Piaster RevisorerneStatsautoriseret Revisionsaktieselskab Niels Kristian Tordrup Mørk State Authorised Public Accountant mne35462 Accounting policiesThe Annual Report has been prepared in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting Class B with election from reporting Class C.Change in accounting policies for revenue recognitionThe accounting policies are unchanged from last year.In general regarding accounting and measuringIncome is recognized in the income statement when they are earned. Furthermore all costs, depreciations and write downs are recognized in the income statement when incurred.Assets are recognized in the balance sheet when it is probable that future economical benefits will accrue to the Company and the assets value can be measured reliably.Liabilities are recognized in the balance sheet when it is probable that future economical benefits will be deducted from the Company and the value can be measured reliably.On initial recognition of assets and liabilities are measured to cost price. Thereafter assets and liabilities are measured as described for each entry.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.Currency retranslationTransactions denominated in foreign currency are translated into the functional currency at the exchange rates ruling at the date of the transaction. Exchange differences arising between the transaction date and the exchange rate at the date of actual payment are recognized in the income statement under financial income or financial expenses.Receivables, payables, and other monetary items denominated in foreign currencies are translated into the functional currency at the exchange rates ruling at the balance sheet date. The difference between exchange rates ruling at the balance sheet date and at the date when the receivable or payable arose is recognized in the income statement under financial income or financial expenses.Non-current assets acquired in foreign currency are measured to the exchange rate ruling at the date of the transaction.Consolidated financial statementsIn accordance with the exemption in Section 112 of the Danish Financial Statements Act no consolidated financial statements have been prepared.Income StatementGross profitWith reference to Section 32 of the Danish Financial Statements Act, the items “Revenue,”  “Other external expenses,” and “Other operating income” are consolidated into one item designated “Gross profit.Revenue RecognitionWe generate revenue through the sale of our cloud-based software and the delivery ofprofessional services. Revenues are recognized when control of these services is transferred to our customers in an amount that reflects the consideration we expect to be entitled to in exchange for those services.We determine revenue recognition through the following steps:• Identification of the contract, or contracts, with a customer• Identification of the performance obligations in the contract• Determination of the transaction price• Allocation of the transaction price to the performance obligations in the contract• Recognition of revenue when, or as, we satisfy a performance obligationSubscription and Support RevenueWe recognize subscription and support revenue on a ratable basis over the contract termbeginning on the date that our service is made available to the customer. Our subscription contracts are generally 12 months in duration, billed annually, and are non-cancelable. We consider the subscription and related support services in a customer contract to be a series of distinct services which comprise a single performance obligation because they are substantially the same and have the same pattern of transfer.Professional Services RevenueProfessional services revenue primarily consist of fees for document set up, XBRL tagging, and consulting with our customers on business processes and best practices for using the Parseport ApS platform. Revenue is recognized for document set ups when the service is complete and control has transferred to the customer. Revenues from XBRL tagging and consulting services are recognized as the services are performed.Contracts with Multiple Performance ObligationsMost of our contracts with customers contain multiple performance obligations. For these contracts, we account for the individual performance obligations separately. The transaction price is allocated to the separate performance obligations on a relative standalone selling price basis. We determine the standalone selling prices based on our overall pricing objectives, taking into consideration market conditions and entity-specific factors, including the value of our arrangements, length of term, customer demographics and the numbers and types of users within our arrangements. Other operating profitOther operating income comprises items of a secondary nature and not directly related to the principal activities of the enterprise, including profit from the disposal of intangible and tangible assets as well as salary reimbursements received.Other external expensesOther external expenses include expenses related to distribution, sales, advertising, administration, bad debt, premises, operating lease agreements, etc.Staff costsStaff costs are comprised of expenses such as wages and salaries, pensions costs, social security benefits, and other expenses related to the Company’s employees.Share-based compensationParsePort’s parent company, Workiva Inc., operates equity-settled, share-based compensation plans. The fair value of the employee services received in exchange for the grant of shares is recognised as an expense and allocated over the vesting period. The total amount to be expensed over the vesting period is determined by reference to the fair value of the shares granted. The granted shares are determined by value and expensed equally over the period they are earned.Dividends from group enterprisesReceived dividends in the financial year from group enterprises are recognized in the income statement.Depreciation, amortization, and write-down for impairmentDepreciation, amortization, and write-down for impairment comprise depreciation on, amortization of, and write-down for impairment of intangible and tangible assets, including leases, respectively.Other operating expensesOther operating expenses comprise items of a secondary nature and not directly related to the principal activities of the enterprise, including losses on the disposal of intangible and tangible assets.Financial itemsFinancial income and expenses are recognized in the income statement with the amounts related to the year. Financial income and expenses comprise interest receivable and payable, realised and unrealised capital gains on securities, and currency translation adjustments.Tax expenseTax expense comprises both current and deferred tax. It is recognized in the income statement, unless it relates to items recognized directly in equity, in which case the corresponding tax is also recorded in equity.Balance SheetProperty, plant and equipmentProperty, plant, fixtures, fittings, tools, and equipment are measured at historic cost less accumulated depreciation and impairment losses.Historic cost comprise the purchase price and any costs directly attributable to the acquisition until the date when the asset is available for use.Right-of-use assets, which are a component of fixtures, fittings, tools, and equipment, are recognised at a value corresponding to the imputed lease liability adjusted for prepayments.Assets are depreciated on a straight-line basis over the expected useful economic lives of the assets:Useful lifeScrap valueLeasehold improvementsShorter of 10 years or lease termo%Fixtures, fittings, tools, and equipment3 - 10 years or lease termo%Gains and losses on disposals are determined as the difference between selling price less sales cost and carrying amount at time of disposal and are recognized in the income statement. Gain or loss is recognized under other operating income or expenses.Financial assetsInvestments in group enterprises are recognized at historic cost less accumulated impairment losses. If the historic cost exceeds the recoverable amount, the investment is written down to this lower value.The lease liabilities are related to IFRS 16 leases, primarily for premises and include the present value of future lease payments during the lease term. Lease liabilities are initially measured at the present value of the lease payments outstanding at the commencement date, discounted using the incremental borrowing rate. The lease liability is measured using the effective interest method. The lease liability is subsequently remeasured to reflect changes in future lease payments (e.g. changes in lease terms). Issued bonds, loans, and bank overdrafts are initially recognised at the fair value of the proceeds received less transaction costs. In subsequent periods these are measured at amortised cost using the effective interest method. The difference between the proceeds received and the nominal value is recognised in financial income or financial expenses over the term of the loan. Where substantially all the risks and rewards of ownership are retained in financial assets that have been transferred, the assets are not derecognised and the proceeds obtained are recognised as other income or expenses.DepositsDeposits are measured at amortised cost and represent lease deposits, etc.ReceivablesReceivables are measured at amortized cost which corresponds in all material respects to nominal value. The value is reduced with provisions for expected bad debts.Cash and bank balancesCash comprises cash balances and bank balances.DividendsDividends expected to be paid in respect of the year are stated as a separate line item under equity.Current tax and current deferred taxCurrent tax liabilities and current tax assets are recognized in the balance sheet as estimated tax on the taxable income for the year, adjusted for change in tax on prior years’ taxable income, and for tax paid under the on-account tax scheme.Deferred tax is measured according to the balance sheet liability method on all timing differences between the tax and accounting value of assets and liabilities.Deferred tax assets, including the tax value of tax loss carry forwards, are recognised at the expected value of their utilisation 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 realisable value.Deferred income tax is measured using tax rules and tax rates that apply by the balance sheet date when the deferred tax asset is realised or the deferred income tax liability is settled. The change in deferred tax as a result of changes in tax rates is recognized in the income statement.LiabilitiesCapitalised residual leasing liabilities associated with financial leasing contracts are recognised in the financial liabilities.Other liabilities are measured at amortized cost, corresponding to the nominal value.Deferred IncomeDeferred income, recognized under liabilities, comprise income concerning subsequent financial years. true true In accordance with the exemption in Section 112 of the Danish Financial Statements Act no consolidated financial statements have been prepared. 45119964 37955608 40962247 43464414 2923 0 1706732 1707448 2448062 -7216254 0 -167656 1740691 96544 179851 675024 4008902 -7962390 46348 24431 3962554 -7986821 3962554 -7986821 3962554 -7986821 225165 450329 1038806 2016322 339408 710381 1603379 3177032 546576 530656 546576 530656 2149955 3707688 12480545 14497082 6178584 816652 0 234375 486473 623523 19145602 16171632 18236481 14148337 37382083 30319969 39532038 34027657 125000 125000 -14394370 -18356924 -14269370 -18231924 0 1096384 20528493 17744861 11434 244300 20539927 19085545 1298856 869451 1096383 1002299 27723897 27470620 3142345 3831666 33261481 33174036 53801408 52259581 39532038 34027657 125000 -10370103 0 -10245103 0 -7986821 0 -7986821 125000 -18356924 0 -18231924 0 3962554 0 3962554 125000 -14394370 0 -14269370 1  Gross ProfitWith reference to Section 32 of the Danish Financial Statements Act, the items “Revenue”  and “Other external expenses” are consolidated into one item designated “Gross profit.” 2  Staff CostsDKK20252024Wages and salaries39,436,28741,877,720Post-employment benefit expense1,131,7591,187,615Social security contributions394,201399,07940,962,24743,464,414Average number of employees4752 47 52 3  Depreciation, amortization expense, and impairment losses of property, plant, and equipment, and intangible assets recognized in profit or loss DKK20252024Leasehold improvements225,165221,081Right-of-use assets1,068,3681,068,368Fixtures, fittings, tools, and equipment413,199417,9991,706,7321,707,448 4  Tax on profit for the yearDKK20252024Current tax expense46,34824,43146,34824,431 5  DebtThe Company has no debts outstanding with a term longer than five years.