33384807 2025-01-01 2025-12-31 33384807 2025-01-01 2025-12-31 1 33384807 2025-01-01 2025-12-31 1 33384807 2024-01-01 2024-12-31 33384807 2025-12-31 33384807 2024-12-31 33384807 2024-12-31 fsa:ContributedCapitalMember 33384807 2024-12-31 fsa:RetainedEarningsMember 33384807 2025-01-01 2025-12-31 fsa:ContributedCapitalMember 33384807 2025-01-01 2025-12-31 fsa:RetainedEarningsMember 33384807 2025-12-31 fsa:ContributedCapitalMember 33384807 2025-12-31 fsa:RetainedEarningsMember iso4217:DKK xbrli:pure Annual report 2026-07-31 Mads Verner Jørgensen The Executive Board has today considered and approved the annual report of Multiverse ApS for the financial year 01.01.2025 - 31.12.2025. The annual report is presented in accordance with the Danish Financial Statements Act. In my opinion, the financial statements give a true and fair view of the Entity’s financial position at 31.12.2025 and​of the results of its operations for the financial year 01.01.2025 - 31.12.2025. I believe that the management commentary contains a fair review of the affairs and conditions referred to therein. I consider the preconditions for not auditing the financial statements for the financial year 01.01.2025 - 31.12.2025 to be complied with. I recommend the annual report for adoption at the Annual General Meeting. Copenhagen Mads Verner Jørgensen Chief Executive Officer To Management of Multiverse ApS We have compiled the financial statements of Multiverse ApS for the financial year 01.01.2025 - 31.12.2025based on the Entity’s bookkeeping records and other information Management has ​provided. ​​ ​​These financial statements comprise the income statement, balance sheet, statement of changes in equity, notes and a summary of significant accounting policies. ​​ ​​We performed this compilation engagement in accordance with ISRS 4410, Compilation Engagements. ​​ ​​We have applied our expertise in accounting and financial reporting to assist Management in the preparation ​​and presentation of these financial statements in accordance with the Danish Financial Statements Act. We have complied with relevant provisions of the Danish Public Accountants Act and the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (IESBA Code), including principles of integrity, objectivity, professional competence and due care. ​​These financial statements and the accuracy and completeness of the information used to compile the financial ​​statements are Management’s responsibility. ​​Since a compilation engagement is not an assurance engagement, we are not required to verify the accuracy ​​or completeness of the disclosures Management provided to us to compile these financial statements. ​Accordingly, we do not express an audit opinion or a review conclusion about whether the financial statements ​​have been prepared in accordance with the Danish Financial Statements Act. Copenhagen Deloitte Statsautoriseret Revisionspartnerselskab 33963556 Arif Aygar State Authorised Public Accountant mne50634 Primary activitiesThe purpose of the company is to develop and distribute computer games.​​Management is aware that the company has lost its share capital and is therefore covered by section 119 of the Companies Act. It is management's assessment that despite the loss of capital, the company still has the necessary capital base to ensure continued operations. ​​The share capital is expected to be re-established through a new capital raise in the second half of 2026. Uncertainty relating to recognition and measurementDuring the financial year, the Company invested DKK 10 million in a 100% owned subsidiary that acquired assets from an existing company. Management expects the acquired assets to be integrated with the Multiverse platform and subsequently generate significant cash flows. As the expectation is based on future events, there is uncertainty associated with the valuation of the investment amounting DKK 10 million. Events after the balance sheet dateIn 2025 Multiverse made prepayments for the acquisition of Magic Find Inc. and closed the share purchase agreement on 06.03.2026 through bridge financing with one of the Company's shareholders. The acquisition and financing of Magic Find Inc. was closed at 95 million SEK with the bridge financings maturity date 12 months after the acquisition date. The bridge loan is expected to be repaid through a new capital raising round that management expects to occur in the second half of 2026.​​Furthermore, Multiverse ApS has obtained a business loan of 3 million DKK from one of the Company's shareholders on 25.06.2026 for its continued operations. The business loan's maturity date is dependant on​Multiverse' next rounds of capital increase. ​ ​No events, besides from above mentioned, have occurred after the balance sheet date to this date, which would​influence the evaluation of this annual report.​ -2288290 -1336815 3014807 1347103 -5303097 -2683918 -1659 2375543 75455 38082 -5380211 -346457 3024 0 -5383235 -346457 -5383235 -346457 -5383235 -346457 13667600 40000 13667600 40000 13667600 40000 0 4377 142165 28994 4000 4000 146165 37371 115243 20445 261408 57816 13929008 97816 515948 484369 -3025362 -610553 -2509414 -126184 15461027 0 15461027 0 31288 97330 120089 62595 185499 0 640519 64075 977395 224000 16438422 224000 13929008 97816 484369 -610553 -126184 31579 2968426 3000005 -5383235 -5383235 515948 -3025362 -2509414 1 Events after the balance sheet dateIn 2025 Multiverse made prepayments for the acquisition of Magic Find Inc. and closed the share purchase agreement on 06.03.2026 through bridge financing with one of the Company's shareholders. The acquisition and financing of Magic Find Inc. was closed at 95 million SEK with the bridge financings maturity date 12 months after the acquisition date. The bridge loan is expected to be repaid through a new capital raising round that management expects to occur in the second half of 2026 .​ ​Furthermore, Multiverse ApS has obtained a business loan of 3 million DKK from one of the Company's shareholders on 25.06.2026 for its continued operations. The business loan's maturity date is dependant on ​Multiverse' next rounds of capital increase. ​ ​No events, besides from above mentioned, have occurred after the balance sheet date to this date, which would ​influence the evaluation of this annual report. 2 Uncertainty relating to recognition and measurement During the financial year, the Company invested DKK 10 million in a 100% owned subsidiary that acquired assets from an existing company. Management expects the acquired assets to be integrated with the Multiverse platform and subsequently generate significant cash flows. As the expectation is based on future events, there is uncertainty associated with the valuation of the investment amounting DKK 10 million. 3 Staff costs2025​DKK2024​DKKWages and salaries2,989,8781,325,348Other social security costs24,92921,7553,014,8071,347,103Average number of full-time employees43 4 3 4 Other financial income ​2025​DKK2024​DKKOther interest income(1,659)1,368Remission of debt etc.02,374,175(1,659)2,375,543 5 Other financial expenses2025​DKK2024​DKKFinancial expenses from group enterprises8,54429,634Other interest expenses41,9118,448Other financial expenses25,000075,45538,082 6 Tax on profit/loss for the year2025​DKK2024​DKKAdjustment concerning previous years3,02403,0240 7 Financial assetsInvestments in group enterprises​DKKCost beginning of year40,000Additions13,627,600Cost end of year13,667,600Carrying amount end of year13,667,600Investement additions of DKK 3.6 million consists of prepayments of the acquisition of Magic Find Inc. with a closing share purchase agreement at 06.03.2026. Furthermore, the additions consists of the acquisition of Hiber ApS in 2025 for DKK 10 million.Investments in subsidiariesRegistered inCorporate formEquity​interest​%Kogama Works ApSDenmarkApS100.00Hiber ApSDenmarkApS100.00 8 Non-current liabilities other than provisionsDue after more than 12 months​2025​DKKPayables to owners and management 15,461,02715,461,027Non-current liabilities due after 5 years amount to DKK 0. 9 Contingent liabilitiesThe company has signed a lease with a monthly rent of DKK 11.702.​ The lease period can be stopped with a 3 months term of notice.The Entity serves as the administration company in a Danish joint taxation arrangement. According to the joint taxation provisions of the Danish Corporation Tax Act, the Entity is therefore liable for income taxes etc. for the jointly taxed entities, and for obligations, if any, relating to the withholding of tax on interest, royalties and dividend for these entities. This annual report has been presented in accordance with the provisions of the Danish Financial Statements ​Act governing reporting class B enterprises with addition of a few provisions for reporting class C.The accounting policies applied to these financial statements are consistent with those applied last year. Consolidated financial statementsReferring to section 110 of the Danish Financial Statements Act, no consolidated financial statements have been prepared. Foreign currency translationOn initial recognition, foreign currency transactions are translated applying the exchange rate at the transaction date. Receivables, payables and other monetary items denominated in foreign currencies that have not been settled at the balance sheet date are translated using the exchange rate at the balance sheet date. Exchange differences that arise between the rate at the transaction date and the rate in effect at the payment date, or the rate at the balance sheet date, are recognised in the income statement as financial income or financial expenses. Property, plant and equipment, intangible assets, inventories and other non-monetary assets that have been purchased in foreign currencies are translated using historical rates. Gross profit or lossGross profit or loss comprises revenue, cost of sales and external expenses. RevenueRevenue from the sale of manufactured goods and goods for resale is recognised in the income statement ​when delivery is made and risk has passed to the buyer. Revenue from the sale of services is recognised in ​the income statement when delivery is made to the buyer. Revenue is recognised net of VAT, duties and ​sales discounts and is measured at fair value of the consideration fixed. Cost of salesCost of sales comprises goods consumed in the financial year measured at cost, adjusted for normal inventory writedowns. Other external expensesOther external expenses include expenses relating to the Entity’s ordinary activities, including expenses for ​premises, stationery and office supplies, marketing costs, etc. This item also includes writedowns of receivables ​recognised in current assets. Staff costsStaff costs comprise salaries and wages, and social security contributions, pension contributions, etc for entity staff. Other financial incomeOther financial income comprises interest income, net capital gains on securities, payables and transactions in foreign currencies, amortisation of financial assets as well as tax relief under the Danish Tax Prepayment Scheme etc. Other financial expensesOther financial expenses comprise interest expenses, including interest expenses on payables to group ​enterprises, net capital or exchange losses on securities, payables and transactions in foreign currencies, ​amortisation of financial liabilities, and tax surcharge under the Danish Tax Prepayment Scheme etc. Tax on profit/loss for the yearTax for the year, which consists of current tax for the year and changes in deferred tax, is recognised in the ​income statement by the portion attributable to the profit for the year and recognised directly in equity by the portion attributable to entries directly in equity.The Entity is jointly taxed with all Danish group enterprises. The current Danish income tax is allocated among the jointly taxed entities proportionally to their taxable income (full allocation with a refund concerning tax losses). Investments in group enterprisesInvestments in group enterprises are measured at cost. Investments are written down to the ​lower of recoverable amount and carrying amount. ReceivablesReceivables are measured at amortised cost, usually equalling nominal value less writedowns for bad and ​doubtful debts. Tax payable or receivableCurrent tax payable or receivable is recognised in the balance sheet, stated as tax computed on this year's ​taxable income, adjusted for prepaid tax. CashCash comprises cash in hand and bank deposits. Other financial liabilitiesOther financial liabilities are measured at amortised cost, which usually corresponds to nominal value. true 2026-07-31 2026-07-31 true 2024-01-01 2024-12-31 København S 2300 6 Weidekampsgade Copenhagen Copenhagen 2300 Regnskabsklasse B Andre erklæringer uden sikkerhed 2025-12-31 2025-01-01 76 Njalsgade Multiverse ApS 33384807 33963556 2300 København S Weidekampsgade 6 Deloitte Statsautoriseret Revisionspartnerselskab