14909087 2025-01-01 2025-12-31 14909087 2025-01-01 2025-12-31 1 14909087 2025-01-01 2025-12-31 1 14909087 2025-01-01 2025-12-31 1 14909087 2025-01-01 2025-12-31 2 14909087 2024-01-01 2024-12-31 14909087 2025-12-31 14909087 2024-12-31 14909087 2024-01-01 d:ContributedCapitalMember 14909087 2024-01-01 d:RetainedEarningsMember 14909087 2024-01-01 2024-12-31 d:RetainedEarningsMember 14909087 2025-01-01 d:ContributedCapitalMember 14909087 2025-01-01 d:RetainedEarningsMember 14909087 2025-01-01 2025-12-31 d:RetainedEarningsMember 14909087 2025-01-01 2025-12-31 d:ContributedCapitalMember 14909087 2025-12-31 d:ContributedCapitalMember 14909087 2025-12-31 d:RetainedEarningsMember 14909087 2025-01-01 d:FixturesFittingsToolsAndEquipmentMember 14909087 2025-12-31 d:FixturesFittingsToolsAndEquipmentMember 14909087 2025-01-01 2025-12-31 d:FixturesFittingsToolsAndEquipmentMember iso4217:DKK xbrli:pure Årsrapport 30700228 EY Godkendt Revisionspartnerselskab Dirch Passers Allé 36 Postboks 250, 2000 Frederiksberg 2025-01-01 2025-12-31 2024-01-01 2024-12-31 14909087 Fortuna 1 ApS Claus Bergs Gade 7 5000 Odense C 1990-12-27 Odense 66147810 EY Godkendt Revisionspartnerselskab 30700228 Dirch Passers Allé 36 2000 Frederiksberg Danmark +45 73 23 30 00 2026-06-03 Thomas Kellner Regnskabsklasse B Erklæring om udvidet gennemgang Grundlag for konklusion Konklusion true true 2026-06-03 2026-06-03 CaseWare Working Papers Today, the Board of Directors and the Executive Board have discussed and approved the annual report of Fortuna 1 ApS for the financial year 1 January - 31 December 2025. 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 matters discussed in the Management's review. We recommend that the annual report be approved at the annual general meeting. Copenhagen Thomas Kellner Director Martina Vollmann Chairman Thomas Kellner To the shareholders of Fortuna 1 ApS We have conducted an extended review of the financial statements of Fortuna 1 ApS 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.Based on the work we have performed, 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. We conducted our extended review in accordance with the Danish Business Authority's standard on extended review for Small entities and FSR - Danish Auditors' standard on extended review of financial statements prepared in accordance with the Danish Financial Statements Act. Our responsibilities under those standards and requirements are further described in the "Auditor's responsibilities for the extended review of the financial statements" section. We believe that the evidence we have obtained is sufficient and appropriate to provide a basis for our conclusion.IndependenceWe are independent of the Company in accordance with the International Ethics Standards Board for Accountants' International 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 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 that 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 responsibility is to express a conclusion on the financial statements. This requires that we plan and perform procedures to obtain limited assurance for our conclusion on the financial statements and perform specifically required supplementary procedures to obtain additional assurance for our conclusion.An extended review comprises procedures that primarily consist of making enquiries of Management and others within the Company, as appropriate, analytical procedures and the specifically required supplementary procedures as well as evaluation of the evidence obtained.The procedures performed in an extended review are less than those performed in an audit, and accordingly, we do not express an audit opinion on the financial statements. Management is responsible for the Management's review.Our conclusion 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 extended review 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 extended review, 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. Copenhagen Morten Weinreich Larsen State Authorised Public Accountant mne42791 The main activity of the company is to be responsible partner for Casino Odense K/S and to operate Fortuna Bar, which is located at the premises of Casino Odense K/S. The income statement for 2025 shows a loss of DKK 52 thousand against a profit of DKK 157 thousand last year, and the balance sheet at 31 December 2025 shows equity of DKK 629 thousand. After the balance sheet date, no circumstances have occured that have material impact on the assessment on the annual report. 1077000 1211000 1125000 1049000 3000 3000 -51000 159000 1000 2000 -52000 157000 0 0 -52000 157000 -52000 157000 0 3000 0 3000 0 3000 89000 83000 89000 83000 3000 17000 791000 320000 25000 29000 819000 366000 182000 642000 1090000 1091000 1090000 1094000 375000 375000 254000 366000 629000 741000 151000 139000 60000 0 240000 209000 10000 5000 461000 353000 461000 353000 1090000 1094000 375000 209000 157000 375000 366000 -52000 0 -60000 375000 254000 The capital consists of 375 shares of each DKK 1.000. The annual report of Fortuna 1 ApS for 2025 has been prepared in accordance with the provisions in the Danish Financial Statements Act applying to reporting class B entities and elective choice of certain provisions applying to reporting class C entities. The accounting policies used in the preparation of the financial statements are consistent with those of last year. Assets are recognised in the balance sheet when it is probable that future economic benefits will flow to the company, and the value of the asset can be reliably measured. Liabilities are recognised in the balance sheet when an outflow of economic benefits is probable and when the liability can be reliably measured. On initial recognition, assets and liabilities are measured at cost. Subsequently, assets and liabilities are measured as described below for each individual item. In recognising and measuring assets and liabilities, any gains, losses and risks occurring prior to the presentation of the annual report that evidence conditions existing at the balance sheet date are taken into account. Income is recognised in the income statement as earned, including value adjustments of financial assets and liabilities measured at fair value or amortised cost. Equally, costs incurred to generate the year's earnings are recognised, including depreciation, amortisation, impairment and provisions as well as reversals as result of changes in accounting estimates of amounts which were previously recognised in the income statement. Reporting currencyThe financial statements are presented in Danish kroner (DKK'000). The Company has chosen IAS 11/IAS 18 as interpretation for revenue recognition. Net revenue is accounted for in the profit and loss statement, provided that the delivery and transfer ofrisk to the buyer have taken place before the end of the year, and provided that the income can be calculated properly and is expected to be received. Net revenue is accounted excluding VAT and taxes, and deducting discounts related to the sale. The items revenue, cost of sales, other operating income and external expenses have been aggregated into one item in the income statement called gross profit in accordance with section 32 of the Danish Financial Statements Act. Gross profit includes net revenue, changes in inventories, other income and other external expenses. Staff costs comprise wages and salaries, including holiday allowance and pensions, and other social security costs, etc., for the Company's employees. The item comprises depreciation of 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 equipment 5 years Financial income and expenses are recognised in the income statements at the amounts that concern the financial year. Net financials include interest income and expenses. 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 recognised in the income statement, whereas the portion that relates to transactions taken to equity is recognised in equity. Property, plant and equipmentItems 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. Property, plant and equipment are written down to the recoverable amount if this is lower than the carrying amount.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 recognised in the income statement as other operating income or other operating expenses. Inventories are measured at cost in accordance with the FIFO method. Where the net realisable value is lower than cost, inventories are written down to this lower value. The net realisable 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. The Company has chosen IAS 39 as interpretation for impairment write-down of financial receivables.Receivables are measured at amortised cost.An impairment loss is recognised 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 recognised on an individual basis.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 realisable value of any collateral received. The effective interest rate for the individual receivable or portfolio is used as discount rate. Current tax payables and receivables are recognised 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 recognised 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 crystallise as current tax. Deferred tax assets are recognised at the expected value of their utilisation; 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 recognised in the income statement. The Company has chosen IAS 39 as interpretation for liabilities.Financial liabilities are recognised at the date of borrowing at the net proceeds received less transaction costs paid. On subsequent recognition, financial liabilities are measured at amortised cost, corresponding to the capitalised value, using the effective interest rate. Accordingly, the difference between the proceeds and the nominal value is recognised in the income statement over the term of the loan. Financial liabilities also include the capitalised residual lease liability in respect of finance leases. Deferred incomeDeferred income recognised as a liability comprises payments received concerning income in subsequent financial reporting years. 953000 896000 128000 115000 12000 11000 32000 27000 1125000 1049000 2 2 3000 3000 3000 3000 1000 2000 215000 215000 212000 3000 215000 0 Fortuna 1 ApS is the only general partner of Casino Odense K/S. Casino Odense K/S have at 31 December 2025 liabilities for DKK 4,674 thousand and have submitted a guarantee to The Danish Gambling Authority and other parties of DKK 3,100 thousand. The Company has, as part of its normal course of business, entered into customary executory contracts. Parties exercising control Related partyDomicileBasis for control Casinos Austria AGRennweg 44, A 1038 WienUltimate Parent company