30898400 2025-01-01 2025-12-31 30898400 2025-01-01 2025-12-31 1 30898400 2025-01-01 2025-12-31 1 30898400 2025-01-01 2025-12-31 2 30898400 2025-01-01 2025-12-31 3 30898400 2025-01-01 2025-12-31 1 30898400 2025-01-01 2025-12-31 2 30898400 2024-01-01 2024-12-31 30898400 2025-12-31 30898400 2024-12-31 30898400 2024-12-31 fsa:ContributedCapitalMember 30898400 2024-12-31 fsa:RetainedEarningsMember 30898400 2025-01-01 2025-12-31 fsa:ContributedCapitalMember 30898400 2025-01-01 2025-12-31 fsa:RetainedEarningsMember 30898400 2025-12-31 fsa:ContributedCapitalMember 30898400 2025-12-31 fsa:RetainedEarningsMember iso4217:DKK xbrli:pure Mette Hee Christensen 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 for DANTONIT A/S for the financial year 1 January 2025 - 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 of the Company at 31 December 2025 and of the results of the Company's operations for the financial year 1 January 2025 - 31 December 2025.We recommend that the annual report be approved at the annual general meeting. Odense, Søren Graae Director Søren Graae Mette Hee Christensen Grete Aspelund Member Member Member To the shareholders of DANTONIT A/S OpinionIn 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.We have audited the Financial Statements of DANTONIT A/S for the financial year 1 January - 31 December 2025, which comprise income statement, balance sheet, statement of changes in equity and notes, including a summary of significant accounting policies (“the Financial Statements”). Basis for Opinion We conducted our audit in accordance with International Standards on Auditing (ISAs) and additional requirements applicable in Denmark. Our responsibility under those standards and requirements are further described in the “Auditors' responsibility 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' International Code of Ethics for Professional Accountants (including International Independence Standards) (IESBA Code) together with the ethical requirements that are relevant to our audit of the financial statement 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 opinion. Management’s responsibilities for the Financial StatementsManagement 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. Auditor’s responsibilities for the audit of the Financial StatementsOur responsibility is to obtain reasonable assurance as to whether the financial statements are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is no guarantee that an audit conducted in accordance with ISAs and additional requirements applicable in Denmark will always detect material misstatements. Misstatements can arise from fraud or error and can be considered material if it would be reasonable to expect that these - either individually or collectively - could influence the economic decisions taken by the users of financial statements on the basis of these financial statements.As part of an audit conducted in accordance with ISAs and 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. Hellerup, PricewaterhouseCoopersStatsautoriseret Revisionspartnerselskab 33771231 Allan Knudsen Qasam Hussain State Authorised Public Accountant State Authorised Public Accountant mne29465 mne44159 DANTONIT A/S Energivej 30 5260 Odense S Odense Strandvejen 44 2900 Hellerup 2822000 2733000 723000 1009000 2099000 1724000 87000 254000 537000 735000 1649000 1243000 377000 274000 1272000 969000 1272000 969000 2120000 2507000 1629000 613000 2281000 1352000 6030000 4472000 6030000 4472000 2844000 2367000 2522000 3462000 5366000 5829000 1579000 1954000 4060000 7455000 362000 331000 617000 755000 37000 19000 6655000 10514000 12021000 16343000 18051000 20815000 600000 600000 3534000 2262000 4134000 2862000 316000 502000 316000 502000 7500000 6000000 7500000 6000000 596000 2857000 3994000 6011000 316000 275000 1195000 2308000 6101000 11451000 13601000 17451000 18051000 20815000 600000 2262000 2862000 0 1272000 1272000 600000 3534000 4134000 true true Reporting currencyThe annual report is presented in TDKK. General informationRecognition 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.Foreign currency translationOn initial recognition, transactions denominated in foreign currencies are translated at the exchange rates 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, 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 recognised in the latest financial statements is recognised in the income statement as financial income or financial expenses.Income statementGross profitWith reference to section 32 of the Danish Financial Statements Act, gross profit is calculated as a summary of revenue, cost of sales and other external costs. RevenueIncome is recognised in revenue when delivery and transfer of risk to the buyer have taken place, and the income may be measured reliably and is expected to be received. Revenue is measured excluding VAT, taxes, and discounts related to the sale.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.Other operating incomeOther operating income comprises items secondary to the activities of the Company, including gains on the disposal of property, plant and equipment. Other external expenses Other external costs comprise costs for distribution and sales costs, costs for advertising, administrative expenses, costs of premises, bad debts, etc. Financial income and expensesFinancial income and expenses comprise interest income and expense. Tax on net profit for the yearThe Company is subject to the Danish rules on mandatory joint taxation of the NCC Group's Danish companies.NCC Danmark A/S is the administrative company for the joint taxation and, as a result, settles all corporate tax payments with the tax authorities.The current Danish corporate tax is allocated through the settlement of the joint taxation contribution among the jointly taxed companies based on their taxable incomes. In this context, companies with tax losses receive joint taxation contributions from companies that have been able to use these losses to reduce their own taxable income. The jointly taxed companies are part of the advance tax payment scheme.The tax for the year, which consists of the current year's tax, the joint taxation contribution for the year, and the movement in deferred tax, is recognized in the income statement for the portion attributable to the year's result, and directly in equity for the portion attributable to items directly in equity.Balance sheetProperty, plant and equipment Land and buildings and plant and machinery are 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. Indirect production overheads and borrowing costs are not recognised in cost.Where individual components of an item of property, plant and equipment have different useful lives, they are accounted for as separate items, which are depreciated separately.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:Buildings 10-40 years Plant and machinery 3-12 years The useful life and residual value are reassessed annually. Changes are treated as accounting estimates, and the effect on depreciation is recognised prospectively. Land is not depreciated.Fixed assets under construction are recognised and measured at cost at the balance sheet date. Upon entry into service, the cost is transferred to the relevant group of property, plant and equipment.Gains and losses on the disposal of property, plant and equipment 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 recognised in the income statement as other operating income or other operating costs, respectively.InventoriesInventories are measured at cost in accordance with the average cost method. Where the net realisable value is lower than cost, inventories are written down to this lower value.Goods for resale and raw materials and consumables are measured at cost, comprising purchase price plus delivery costs.Finished goods and work in progress are measured at cost, comprising the cost of raw materials, consumables, direct wages and salaries and indirect production overheads. Borrowing costs are not recognised in cost.The net realisable value of inventories is calculated as the sales amount less costs of completion and costs necessary to make the sale and is determined taking into account marketability, obsolescence and development in expected selling price.ReceivablesReceivables are measured in the balance sheet at amortised cost.EquityEquity comprises the working capital and a number of equity items that may be statutory or stipulated in the articles of association.Current tax liabilitiesCurrent tax payable and receivable is recognised 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.Amounts due as receivable group taxation contributions are recognized in the parent company's balance sheet under intercompany balances.Deferred tax is measured based on the tax rules and tax rates that, according to the legislation in effect on the balance sheet date, will apply when the deferred tax is expected to be realized as current tax.Deferred tax is measured using the balance sheet liability method for all temporary differences between the accounting and tax values of assets and liabilities. However, deferred tax is not recognized on temporary differences related to non-tax-deductible goodwill and other items where temporary differences arise at the acquisition date without affecting profit or taxable income. In cases where the tax value can be determined according to different tax rules, deferred tax is measured based on the planned use of the asset or the settlement of the liability as determined by management. Deferred tax assets, including the tax value of carryforward tax losses, are recognized under other long-term assets at the value at which they are expected to be used, either by offsetting against future taxable income or by offsetting deferred tax liabilities within the same legal tax entity and jurisdiction. Adjustments to deferred tax are made regarding eliminations of unrealized intra-group profits and losses. Changes in deferred tax due to changes in tax rates are recognized in the income statement.PrepaymentsPrepayments comprise prepayment of costs incurred relating to subsequent financial years. ProvisionsProvisions are recognized when the company, as a result of a past event, has a legal or constructive obligation, and it is probable that settling the obligation will result in an outflow of the company’s economic resources.Provisions are measured at their net realizable value. If the settlement of the obligation is expected to occur far in the future, the obligation is measured at its fair value.Liabilities other than provisionsLiabilities are measured at amortised cost. 1. The Company's principal activitiesDantonit A/S' main activities consist of operating a business that manages the extraction, processing and sale of the raw material Bentonite, as well as carrying out other activities that are naturally related to this. 0 0 3. Financial incomeDKK'0002025 2024Interest income from group entities 87 25487 254 4. Finance expensesDKK'0002025 2024Interest expense to group entities 537 735537 735 5. Tax on profit for the yearDKK'0002025 2024Current tax for the year 408 379Deferred tax adjustment for the year -31 -105377 274 6. Subsequent eventsNCC has conducted a strategic review of the Industry Business Area to evaluate whether the operations could develop better under a different owner. Following the evaluation, NCC has decided that the Industry Business Area will remain within NCC but be organized as a standalone company.During the first quarter of 2026, a war broke out in the Middle East, affecting people and societies. The conflict has resulted in rising and volatile energy prices, which in turn impact transportation and material costs and may also have a potential effect on the general economic development. NCC is closely monitoring the situation in order to manage and mitigate any potential adverse effects on its operations.Other than that, no events have occurred after the balance sheet date of material importance to the annual report for 2025. 7. Contractual obligations, contingencies, etc.Contingent liabilities The Company is subject to the Danish rules on mandatory joint taxation of the NCC Group's Danish companies, where NCC Danmark A/S is the administrative company. The Danish companies in the group are jointly liable for taxes on the income subject to Danish group taxation, etc. The Danish companies in the group are also jointly liable for Danish withholding taxes in the form of dividend tax, royalty tax, and interest tax. Any subsequent adjustments to corporate taxes and withholding taxes may result in the Company’s liability being a higher amount. 8. Related parties disclosureDANTONIT A/S´related parties comprise the following:ControlNCC Industry Nordic AB, 170 67 Solna, SwedenNCC Industry Nordic AB holds the majority of the contributed capital in the Company.DANTONIT A/S is part of the consolidated financial statements of NCC AB, Herrjärva torg 4, 170 80 Solna, Sweden, which is the smallest group, in which the Company is included as a subsidiary. The consolidated financial statements of NCC AB can be downloaded at http://www.ncc.se/en/about-ncc/investor-relations/annual-reports/ Related party transactions The Company engages in transactions with companies the NCC AB Group. In addition, the Company uses the group's internal bank, NCC Treasury AB. Within the area of insurance and guarantees, DANTONIT A/S operates under the Group´s framevork. Pursuant to section 98 c, subsection 7 of the Danish Financial Statement Act, the Company has not disclosed transactions with related parties, as these have been concucted on normal market terms. Annual report Auditor's report on audited financial statements ParsePort XBRL Converter 2025-01-01 2025-12-31 2024-01-01 2024-12-31 2026-07-03 Reporting class B 30898400 DK 2007-09-17 2026-07-03 30582683 Accountor Denmark A/S Herlev Hovedgade 195C 2730 Herlev Opinion Basis for Opinion 2026-07-03 33771231 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Strandvejen 44 2900 Hellerup