55112819 2025-01-01 2025-12-31 55112819 2025-01-01 2025-12-31 10 55112819 2024-01-01 2024-12-31 11 55112819 2023-01-01 2023-12-31 12 55112819 2022-01-01 2022-12-31 13 55112819 2021-01-01 2021-12-31 14 55112819 2025-01-01 2025-12-31 0 55112819 2025-01-01 2025-12-31 0 55112819 2025-01-01 2025-12-31 1 55112819 2025-01-01 2025-12-31 2 55112819 2025-01-01 2025-12-31 1 55112819 2025-01-01 2025-12-31 0 55112819 2025-01-01 2025-12-31 cmn:OtherRenderingOfReportedValueMember 55112819 2025-01-01 2025-12-31 0 55112819 2024-01-01 2024-12-31 cmn:OtherRenderingOfReportedValueMember 55112819 2024-01-01 2024-12-31 1 55112819 2023-01-01 2023-12-31 55112819 2023-01-01 2023-12-31 2 55112819 2022-01-01 2022-12-31 55112819 2022-01-01 2022-12-31 3 55112819 2021-01-01 2021-12-31 55112819 2021-01-01 2021-12-31 4 55112819 2021-01-01 2021-12-31 9 55112819 2022-01-01 2022-12-31 8 55112819 2023-01-01 2023-12-31 7 55112819 2024-01-01 2024-12-31 6 55112819 2025-01-01 2025-12-31 5 55112819 2025-12-31 cmn:OtherRenderingOfReportedValueMember 55112819 2024-12-31 cmn:OtherRenderingOfReportedValueMember 55112819 2023-12-31 55112819 2022-12-31 55112819 2021-12-31 55112819 2024-01-01 2024-12-31 55112819 2024-12-31 55112819 2025-12-31 xbrli:pure iso4217:DKK 2025-01-01 Regnskabsklasse C, stor virksomhed Annual report 55112819 Robert Bosch A/S Telegrafvej 1 2750 Ballerup xWizard version 1.1.1537.0, by EasyX Aps. www.easyx.eu 2024-01-01 2024-12-31 Independent Auditor’s Report Basis for Opinion Opinion 0.28 0.129 0.104 0.052 0.022 0.042 0.028 0.006 2026-06-22 Thore Henjum Pedersen Statement by the Board of Directors and the Executive Board Today, the Board of Directors and the Executive Board have discussed and approved the annual report   of Robert Bosch A/S for the financial year 1 January - 31 December 2025. 2025-12-31 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 December 2025 and of the results of the Company's operations for the financial year 1 January -   31 December 2025.   Further, in our opinion, the Management's review gives a fair review of the development in the   Company's operations and financial matters and the results of the Company's operations and of the   matters discussed in the Management's review.   We recommend that the annual report be approved at the annual general meeting. Ballerup 2026-06-22 Thore Henjum Pedersen Karl Frederik Nilner Chair Marianne Christa Jørgensen Thore Henjum Pedersen Independent auditor's report To the shareholders of Robert Bosch A/S Opinion   We have audited the financial statements of Robert Bosch 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 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 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 believe that the audit evidence we have obtained is sufficient   and appropriate to provide a basis for our opinion.   Independence   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 ethical   requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities in   accordance with these requirements and the IESBA Code.   Management's responsibilities for the financial statements   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.   Auditor's responsibilities for the audit of the financial statements   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 skepticisms 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.   Statement on the Management's review   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.   Vejle 2026-06-22 EY Godkendt Revisionspartnerselskab EY Godkendt Revisionspartnerselskab 30700228 30700228 Morten Østergaard Koch Louise Greve State Authorised Public Accountant State Authorised Public Accountant mne35420 mne48485 Robert Bosch A/S Telegrafvej 1 2750 Ballerup 55112819 1947-08-29 Ballerup www.bosch.dk post@dk.bosch.com +45 44 89 89 89 +45 44 89 86 68 Karl Frederik Nilner Chair Marianne Christa Jørgensen Thore Henjum Pedersen Thore Henjum Pedersen EY Godkendt Revisionspartnerselskab Innovations Allé 7 7100 Vejle, Management's review Financial highlights 1052000000 117000000 52000000 956000000 -101000000 18000000 1023000000 -86000000 37000000 987000000 -112000000 19000000 967000000 -110000000 -3000000 Result of primary operations Result of primary operations Result of primary operations Result of primary operations Result of primary operations -7000000 -8000000 -5000000 -4000000 0 35000000 4000000 22000000 1000000 -2000000 Investments in property, plant and equipment Investments in property, plant and equipment Investments in property, plant and equipment Investments in property, plant and equipment Investments in property, plant and equipment 777000000 213000000 100000000 483000000 29000000 66000000 288000000 36000000 84000000 316000000 14000000 62000000 284000000 25000000 61000000 Financial ratios For terms and definitions, please see the accounting policies. EBITDA-margin EBITDA-margin EBITDA-margin EBITDA-margin EBITDA-margin 20.5 13.6 6.2 19.3 29.1 30.8 17.2 19.4 1.2 15.6 21.4 -3.2 205 212 208 198 193 Business review   Robert Bosch A/S is a subsidiary of Robert Bosch GmbH, the world's largest supplier to the automobile   industry which is the core segment of the group. The group also operates within the segments   Automotive Aftermarket, Power Tools and Home Comfort which are marketed and sold in Denmark by   Robert Bosch A/S.   Recognition and measurement uncertainties   Recognition and measurement in the Annual Report have not been subject to any uncertainty.   Unusual matters having affected the financial statement   The financial position on 31 December 2025 of the Company and the results of the activities of the   Company for the financial year for 2025 have not been affected by any unusual events.   We don’t have experience significant increase in bad customer debt.   Financial review   The income statement for 2025 shows a gain of DKK 34,520 thousand against a gain of DKK 4,275   thousand last year, and the balance sheet on 31 December 2025 shows equity of DKK 100,307   thousand.   The new building expected to be completed in the second quarter of 2026.   Profit on ordinary activities amounted to DKK 52,003 thousand compared to DKK 18,190 thousand in   2024.   Revenue in 2025 is DKK 1,052 million, which is an increase as expected and announced in the 2024   annual report. i.e., DKK 1,103 million. The expected profit before tax was DKK 20 million the result for   2025 did meet the expectations due to turnover mix effect.   The company was previously selected by the tax authorities to be included in Transfer Pricing turnus of   audits as one of the big 500 companies in Denmark. We have closed the Transfer Pricing audit for the   year 2023 in the beginning of 2025.   The Company has received a group internal loan from the ultimate parent company in the Bosch Group in   order for the company to full-fill its obligations until 31 December 2027.   Statutory CSR report   In the Bosch Principles of Social Responsibility, management and associate representatives profess to   respect human rights, equal opportunities, and fair working conditions, and to uphold global standards in  occupational health and safety. Bosch ensures the latter with a health and safety management system   that is based on the internationally recognized OHSAS 18001 standard, which has been rolled out at   all locations. Around 126 locations have been certified by an independent certification organization.   Robert Bosch A/S does not have its own independent policies for Corporate Social Responsibility and   consequently, does not prepare an independent statement on the topic. The statement issued by the Parent   Company, Robert Bosch GmbH, constitutes Robert Bosch A/S’ statutory reporting cf. §99a.   For a statement regarding Corporate Social Responsibility at group level and actions and results   during 2025, we refer to the policies laid down by our owner Robert Bosch GmbH, and could be find   following:   https://assets.bosch.com/media/global/sustainability/reporting_and_data/2025/bosch-sustainability-report-2025.pdf The Bosch Group has joined the UN Global Compact.   https://assets.bosch.com/media/global/sustainability/reporting_and_data/2025/bosch-sustainability-report-2025.pdf Data ethics   Robert Bosch A/S observes the corporate policies that apply within the Bosch Group. These policies   include data ethics, data protection and information security.   The Bosch Group company values require us to act prudently and responsibly for the benefit of   society and to respect and observe the law in all our business transactions. Consequently, the   protection of privacy throughout the course of processing personal data as well as the security of all   business data are important concerns to Bosch.   The Bosch Code of Business Conduct requires us to ensure that privacy is safeguarded, personal data   is protected, and all business information is kept secure. Technically and organizationally, and especially   about protection against unauthorized access and loss, we apply an appropriate standard that reflects the   state of the art and takes account of the associated risks. When developing Bosch products and new   business models, we ensure that the legal requirements governing data protection and information   security are considered at an early stage. The primary contact for questions regarding how to handle   data properly is the data security officer.   The Bosch IoT (Internet of Things) Principles enshrine our commitment to high ethical standards   where our customers’ data is concerned. Data sovereignty is a key tool for fulfilling this obligation while   offering cutting-edge, data-driven solutions that are competitive in a connected world.   The internal directives of the Bosch Group align us closely with the principles of the ISO/IEC 27001   international standard regarding Information Security Management Systems. Our work with information   security and privacy is deeply rooted throughout all organizational levels of the Bosch Group, from the   central group DPO (Data Protection Officer - C/ISP) function, to the regional Data Protection and   Information Security Officers and local Data Protection & Information Security Partners. Finally, our   adherence to a Plan-Do-Check-Act cycle ensures continuous focus on and improvement of information   security as well as regular, internal audits of business units.   Events after the balance sheet date   No events materially affecting the Company's financial position have occurred subsequent to the financial   year-end.   Outlook   We continue the focus on safety and health for our people. A new concept for Smart Working has   been implemented in the Bosch Group.   In 2021 we started to build a new location on the existing premises. It's expected to be finished in   June 2026.   The turnover in January to May 2026 is -5,9 % to prior year (2025 was +19% to prior year). We   currently expect a turnover of DKK 1,093 million for the year 2026, which is an increase of 3,9%,   and a profit before tax around DKK 28 million. We experienced moderate delivery problems in   2026.   1052012000 116457000 757004000 955827000 134187000 710578000 168346000 182007000 229458000 175194000 211090000 174471000 2261000 0 2998000 15431000 52003000 1133000 18190000 6609000 7758000 14194000 45378000 10858000 10605000 6330000 34520000 4275000 34520000 4275000 0 0 93000 93000 1204000 1204000 4373000 2667000 4373000 2233000 359897000 147252000 366503000 154292000 366596000 155496000 3336000 3336000 4968000 4968000 172464000 208943000 5026000 3462000 11063000 6036000 174509000 96756000 14465000 3619000 6112000 2233000 406994000 410330000 776926000 297694000 302662000 458158000 50000000 50307000 0 50000000 15787000 0 100307000 65787000 23544000 23544000 15673000 15673000 500000000 500000000 0 0 100112000 15225000 37738000 48394000 292468000 35836000 153075000 653075000 776926000 376698000 376698000 458158000 Statement of changes in equity   Statement of changes in equity   Retained   DKK'000   Share capital   Dividend   Total   earnings   proposed for   the year   Equity on 1 January 2024   50,000   15,787   0 65,787   Dividend distributed   0 0 0 0 Transfer, see "Appropriation of   profit/loss* (note 22)   0 34,520   0 34,520   Equity on 31 December 2024   50,000   50,307   0 100,307   Accounting policies   The annual report of Robert Bosch A/S for 2025 has been prepared in accordance with the provisions   in the Danish Financial Statements Act applying to large reporting class C entities.   The accounting policies used in the preparation of the financial statements are consistent with those of   last year.   Omission of a cash flow statement   With reference to section 86(4) of the Danish Financial Statements Act, no cash flow statement is   prepared for the company, as its cash flows are included in the consolidated financial statements of Robert   Bosch GmbH.   Reporting currency   The financial statements are presented in Danish kroner (DKK'000).   Foreign currency translation   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 recognized 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 recognized in the   most recent financial statements is recognized in the income statement as financial income or financial   expenses.   Public grants   Public grants to cover expenses are recognized in the income statement when it is deemed likely that all   grant criteria have been met. Grants which must be repaid under certain circumstances are recognized only   where they are not expected to be repaid.   Income statement Revenue   The Company has chosen IAS 11 / IAS 18 as interpretation for revenue recognition.   Information on business segments and geographical segments based on the Company’s risks   and returns and its internal financial reporting system. Business segments are regarded as the   primary segments.   Revenue from the sale of goods is recognized when the risks and rewards relating to the goods sold   have been transferred to the purchaser, the revenue can be measured reliably, and it is probable that the  economic benefits relating to the sale will flow to the Company.   Income from construction contracts involving a high degree of customization is recognized as revenue by   reference to the stage of completion. Accordingly, revenue corresponds to the market value of the   contract work performed during the year (percentage-of-completion method). This method is used where   the total income and expenses and the degree of completion of the contract can be measured reliably.   Revenue is measured at the consideration received and is recognized exclusive of VAT and net of   discounts relating to sales.   Accounting policies (continued)   Revenue   Profit/loss before financial items adjusted for other operating income and   Operating profit/loss   other operating expenses.   EBITDA-margin   Earnings before interest, taxes and amortization (EBITDA) x 100   Revenue   Equity ratio   Equity, year-end x 100   Total equity and liabilities, year-end   Return on equity   Profit/loss after tax x 100   Average equity   Other operating income and operating expenses   Other operating income and operating expenses comprise items of a secondary nature relative to the   Company's core activities, including gains and losses on the sale and scrapping of fixed assets.   Raw materials and consumables, etc.   Raw materials and consumables include expenses relating to raw materials and consumables used in   generating the year's revenue.   Other external expenses   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  Staff costs include wages and salaries, including compensated absence and pension to the Company's   employees, as well as other social security contributions, etc. The item is net of refunds from public   authorities.   Amortization/depreciation   The item comprises amortization/depreciation of intangible assets and property, plant and equipment.   The basis of depreciation, which is calculated as cost less any residual value, is depreciated on a straight   line basis over the expected useful life. The expected useful lives of the assets are as follows:   Fixtures and fittings, other plant and   3-12 years   equipment   Buildings   3-33 years   Financial income and expenses   Financial income and expenses are recognized 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   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 recognized in   the income statement, whereas the portion that relates to transactions taken to equity is recognized in   equity.   The Company and its Danish group entities are jointly taxed. 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.   Income taxes   Current tax payables and receivables are recognized 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 recognized 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 crystallize as current tax. Deferred tax assets are recognized   at the expected value of their utilization; 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 recognized in the income statement.   Balance sheet Intangible assets   Goodwill acquired is measured at cost less accumulated amortization. Goodwill is amortized on a   straight-line basis over its useful life, which is assessed at 5 years, which measured by reference to   the Management's experience in the individual business segments.   Property, plant and equipment   Items 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.   The cost of self-constructed assets includes the cost of direct materials and labor, etc. directly used in   the production process and a portion of the relating production overheads.   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 recognized in the income statement as other operating income or other operating   expenses.   Leases   The Company has chosen IAS 17 as interpretation for classification and recognition of leases.   Leases that do not transfer substantially all the risks and rewards incident to the ownership to the   Company are classified as operating leases. Payments relating to operating leases and any other rent   agreements are recognized in the income statement over the term of the lease. The Company's   aggregate liabilities relating to operating leases and other rent agreements are disclosed under   "Contingent liabilities".   Impairment of fixed assets   The carrying amount of intangible assets, 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 recognized impairment losses are reversed when the reason for recognition no longer   exists. Impairment losses on goodwill are not reversed.   Inventories   Inventories are measured at cost in accordance with the FIFO method. Where the net realizable value is   lower than cost, inventories are written down to this lower value. The net realizable 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.   Receivables   Receivables are measured at amortized cost.   The Company has chosen IAS 39 as interpretation for impairment of financial receivables.   An impairment loss is recognized 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 recognized 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 realizable value of any collateral received.   The effective interest rate for the individual receivable or portfolio is used as discount rate.   Given the nature of the Group's cash pool arrangement, cash pool balances are not considered cash,   but are recognized under "Receivables from group enterprises" when a positive balance.   Work in progress for third parties   Contract work in progress for third parties are measured at the market value of the work performed less   progress billings. The market value is calculated based on the stage of completion at the balance sheet   date and the total expected income from the relevant contract. The stage of completion is calculated   based on the expenses incurred relative to the expected total expenses relating to the relevant contract.   Where the outcome of contract work in progress cannot be estimated reliably, the market value is   measured at the lower of expenses incurred and the net realizable value.   Where the total expenses relating to the work in progress are expected to exceed the total market value,   the expected loss is recognized as a loss-making agreement under "Provisions" and is expensed in the   income statement.   The value of work in progress less progress billings is classified as assets when the selling price   exceeds progress billings and as liabilities when progress billings exceed the market value.   Prepayments   Prepayments recognized under "Assets" comprise prepaid expenses regarding subsequent financial   reporting years.   Equity   Proposed dividends   Dividend proposed for the year is recognized 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".   Provisions   Provisions comprise anticipated expenses relating to warranty commitments, onerous contracts,   restructurings, etc. Provisions are recognized when the Company has a legal or constructive obligation  at the balance sheet date as a result of a past event and it is probable that an outflow of resources  embodying economic benefits will be required to settle the obligation.   Provisions are measured at net realizable value or at fair value if the obligation is expected to be   settled far into the future.   Liabilities   The Company has chosen IAS 39 as interpretation for recognition and measurement of liabilities.   Liabilities are measured at net realizable value.   Given the nature of the Group's cash pool arrangement, cash pool balances are not considered cash, but are recognized   under "Payables to group enterprises" when a negative balance.   Segment information   The allocation of revenue to activities and geographical markets is disclosed where these activities and   markets differ significantly in the organization of sales of goods and services.   Special items   Special items include items which, by their size or nature, differ from the fluctuations that would normally   be expected of the company.   Financial ratios   The financial ratios stated under "Financial highlights" have been calculated as follows:   Gross margin   Gross profit/loss x 100   Notes to the financial statements   2 Events after the balance sheet date   No events materially affecting the Company's financial position have occurred subsequent to the financial   year-end.   3 Special items   DKK'000   2025   2024   Income   Compensation for scrapping of building under construction   0 15,431   0 15,431   Expenses   Scrapping of building under construction   0 15,431   0 15,431   Special items are recognized in the below items of the financial   statements.   Other operating income   0 15,431   Other operating expenses   0 -15,431   Net profit on special items   0 0 4 Segment information   Breakdown of revenue by business segment:   Automotive technology   449,142   410,451   Consumables   370,246   360,132   Energy and building technology   232,623   185,244   1,052,011   955,827   Breakdown of revenue by geographical segment:   Revenue, Denmark   979,184   905,239   Revenue, exports   72,828   50,588   1,052,012   955,827   DKK'000   5 Staff costs   2025   2024   Wages/salaries   158,371   157,987   Pensions   13,517   13,193   Other social security costs   3,306   3,291   175,194   174,471   Average number of full-time employees   205   212   Remuneration to the Executive Board and Board of Directors has not been disclosed in accordance with section   DKK'000   2025   2024   6 Financial expenses   Interest expenses, group entities   7,165   6,407   Other interest expenses   48   45   Exchange losses   545   7,653   Other financial expenses   0 89   7,758   14,194   7 Tax for the year   Estimated tax charge for the year   10,626   3,434   Tax adjustments for previous year   75   0 Tax adjustments Transfer Pricing for the year   0 3,700   Deferred tax adjustments in the year   157   -804   10,858   6,330   8 Intangible assets   DKK'000   Goodwill   Cost at 1 January 2025   11,372   Additions   0 Cost at 31 December 2025   11,372   Impairment losses and amortization at 1 January 2025   10,168   Amortization for the year   1,111   Impairment losses and amortization at 31 December 2025   11,279   Carrying amount at 31 December 2025   93   9 Property, plant and equipment   Fixtures and   Property, plant   fittings, other   and equipment   Land and   plant and   under   DKK'000   buildings   equipment   construction   Total   Cost at 1 January 2025   29,504   18,813   147,252   195,569   Additions   0 716   212,645   213,316   Disposals   0 -372   0 -372   Cost at 31 December 2025   29,504   19,157   359,897   408,558   Impairment losses and   depreciation at   1 January 2025   25,131   16,146   0 41,277   Depreciation   0 1,150   0 1,150   Reversal of accumulated   depreciation and impairment   of assets disposed   0 -372   0 -372   Impairment losses and   depreciation at   31 December 2025   25,131   16,924   0 42,055   Carrying amount at   31 December 2025   4,373   2,233   359,897   366,503   Notes to the financial statements   10 Work in progress for third parties  DKK'000   2025   2024   Selling price of work performed   89,853   84,781   Progress billings   -89,853   -84,781   0 0 recognized as follows   Work in progress for third parties (assets)   0 0 Work in progress for third parties (liabilities)   0 0 0 0 11 Deferred tax assets  As of December 31, 2025, the Company has recognized deferred tax assets totaling to DKK 3,462   thousand. Deferred tax asset relates to temporary differences in intangible assets, fixed assets,   receivables, inventories and other provisions. Management deems it likely that future taxable profit will   be available, and will be utilized in connection to depreciation of fixed assets and payments of   warranties etc.   14 Deferred tax  DKK'000   2025   2024   Deferred tax at 1 January   -3,619   -2,815   Amounts recognized in the income statement for the year   157   -804   Deferred tax at 31 December   -3,462   -3,619   Deferred tax relates to:   Intangible assets  -359   -308   Property, plant and equipment   -563   -736   Inventories   -800   -670   Receivables   -500   -126   Provisions   -1,240   -1,779   -3,462   -3,619   Notes to the financial statements   12 Prepayments  Prepayments consist of prepaid expenses concerning rent, insurance premiums, subscriptions, etc.   13 Share capital  The share capital consists of 100 shares of a nominal value of DKK 500,000 thousand. No shares   carry any special rights.   15 Other provisions  The provisions are expected to be payable in:   DKK'000   2025   2024   0-1 year   11,059   9.854   1-5 year  11,580   4,963   > 5 year   905   855   23,544   15,672   Other provisions consist of warranty and core obligations of DKK 22,397 thousand (2024: DKK   14,276 thousand) and provision for redundancy payment and anniversary bonus of DKK 1,147   thousand (2024: DKK 1,396 thousand).   16 Non Current Liabilities  DKK'000   2025   2024   0-1 year   0 0 1-5 year  500,000   0 > 5 year   0 0 500,000   0 17 Cashpool  Robert Bosch GmbH (BOSCH group) has entered into an agreement for a cash pool arrangement with   Danske Bank, where Robert Bosch GmbH is the account holder and Robert Bosch A/S is a sub-account   holder along with the group's other affiliated companies. The terms agreed upon in the cash pool   arrangement grant Danske Bank right to settle withdrawals and balances with each other, whereby only   the net balance of the total cash pool accounts constitutes Robert Bosch GmbH's relationship with   Danske Bank. Robert Bosch A/S's accounts in the cash pool arrangement, which are recognized under "   Receivables from group enterprises ", amount to a balance of DKK 162,941 thousand as of December   31, 2025 (2024 Liability: DKK 275,355 thousand).   18 Contractual obligations and contingencies, etc.  Other contingent liabilities   As management company, the Company is jointly taxed with other Danish group entities and is jointly and  severally with other jointly taxed group entities for payment of income taxes as well as withholding   taxes on interest, royalties and dividends.   Other financial obligations   The Company has liabilities under operating leases for cars and office equipment, totaling to DKK 15,748   thousand (2024: DKK 17,069 thousand), of which DKK 6,517 thousand (2024: DKK 7,556 thousand) is   due within a year.   The Company has liabilities under operating lease for office space totaling to DKK 2,111 thousand   (2024: DKK 966 thousand) that are due within a year.   Furthermore, the Company has established work- and deliverable guarantees amounting to DKK 9,154   thousand towards clients.   The Company has entered into a contract for the construction of a new administration building. As at 31   December 2025, the remaining contractual commitments amount to DKK 77,400.   The Company has, as part of its normal course of business, entered into customary executory contracts   19 Collateral  The Company has not provided any security or other collateral in assets on 31 December 2025.   20 Related parties  Robert Bosch A/S' related parties comprise the following:   Parties exercising control   Related party   Domicile   Basis for control   Robert Bosch Investment Nederland B.V.   The Netherlands   Kruisbroeksestraat 1   5281 RV Boxtel   Netherlands   Information about consolidated financial statements   Parent   Domicile   Robert Bosch GmbH   Postfach 10 60 50   70049 Stuttgart Germany www.bosch.com  Requisitioning of the parent company's consolidated financial statements   The Group's consolidated financial statements can be requested at the website:   https://assets.bosch.com/media/global/bosch_group/our_figures/pdf/bosch-annual-report-2025.pdf   Related party transactions   Robert Bosch A/S was engaged in the below related party transactions:   DKK'000   2025   2024   Sales of goods to group entities   687   61   Sales of service to group entities   121,487   134,143   Purchase of goods from group entities   -722,890   -665,306   Purchase of service from group entities   -53,723   -48,314   Interest expense to group entities   - 7,165   -6,407  Receivables from group entities   46,002   96,756   Payables to group entities   -15,225   -17,113   Cashpool balance   162,941   -275,355   21 Fee to the auditors appointed by the Company in general meeting   Total fees to EY   2025   2024   Statutory audit   479   443   Assurance engagements   0 0 Tax assistance   0 0 Other assistance   19   19   498   462