29212848 2025-01-01 2025-12-31 29212848 2025-01-01 2025-12-31 0 29212848 2025-01-01 2025-12-31 0 29212848 2025-01-01 2025-12-31 0 29212848 2024-01-01 2024-12-31 29212848 2025-12-31 29212848 2024-12-31 29212848 2024-01-01 fsa:ContributedCapitalMember 29212848 2024-01-01 fsa:RetainedEarningsMember 29212848 2024-01-01 fsa:ProposedExtraordinaryDividendRecognisedInEquityMember 29212848 2025-01-01 2025-12-31 fsa:ContributedCapitalMember 29212848 2025-01-01 2025-12-31 fsa:RetainedEarningsMember 29212848 2025-01-01 2025-12-31 fsa:ProposedExtraordinaryDividendRecognisedInEquityMember 29212848 2025-12-31 fsa:ContributedCapitalMember 29212848 2025-12-31 fsa:RetainedEarningsMember 29212848 2025-12-31 fsa:ProposedExtraordinaryDividendRecognisedInEquityMember xbrli:pure iso4217:DKK 45907880 Sønderup Godkendt Revisionsaktieselskab Jyllandsgade 9 4100 Ringsted Erklæring om udvidet gennemgang Konklusion Grundlag for konklusion Årsrapport Regnskabsklasse B 2025-01-01 2025-12-31 2024-01-01 2024-12-31 true 0 FONTANKA ApS Galionsvej 37Galionsvej 37 1437 Copenhagen 29212848 2026-06-24 Tommy Olesen Today, Management has considered and adopted the Annual Report of FONTANKA ApS for the financial year 1 January 2025 - 31 December 2025. The Annual Report is presented 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. In our opinion, the Management's Review includes a true and fair account of the matters addressed in the review. We recommend that the Annual Report be adopted at the Annual General Meeting. Copenhagen 2026-06-24 Tommy Olesen Manager To the shareholders of FONTANKA ApS ConclusionWe have performed an extended review of the financial statements of FONTANKA ApS for the financial year 2025, which comprise a summary of significant accounting policies, income statement, balance sheet, statement of changes in equity and notes. The financial statements are prepared under the Danish Financial Statements Act.Based on the work performed, in our opinion, the financial statements give a true and fair view of the Company's financial position at 31 December 2025 and of the results of the Company's operations for the financial year 1 January 2025 - 31 December 2025 in accordance with the Danish Financial Statements Act. Basis for conclusionWe conducted our extended review in accordance with the Danish Business Authority's Assurance Standard for Small Enterprises 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 "Practitioner's responsibilities for the extended review 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 statements in Denmark, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code. We believe that the evidence we have obtained is sufficient and appropriate to provide a basis for our conclusion. Management's responsibilities for the financial statementsManagement is responsible for the preparation of the 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. Practitioner's responsibilities for the extended review of the financial statementsOur responsibility is to express a conclusion on the financial statements. This requires that we plan and perform procedures in order to obtain limited assurance for our conclusion on the financial statements and in addition perform specifically required supplementary procedures to obtain further assurance for our conclusion.An extended review comprises procedures that primarily consist of making inquiries 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. Statement on the Management's reviewManagement 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 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 Statements Act. We did not identify any material misstatement in the Management's review. Ringsted, 24 June 2026Sønderup Godkendt RevisionsaktieselskabCVR-no. 45907880Tom SønderupState Authorised Public Accountantmne10489 Ringsted 2026-06-24 Sønderup Godkendt Revisionsaktieselskab 45907880 Tom Sønderup State Authorised Public Accountant mne10489 FONTANKA ApS 1437 Copenhagen 29212848 2005-12-21 2025-01-01 2025-12-31 Jyllandsgade 9 4100 Ringsted The Company's principal activitiesThe Company's principal activities consist of investing in shares and owning shares in other companies -45629 -39641 -45629 -39641 5283701 11412492 5129796 1357055 108276 10015796 33139 2212848 75137 7802948 1993829 -7802948 2049362 0 51623935 51623935 33686407 33170250 85310342 84794185 85310342 84794185 56355 0 963660 958005 1020015 958005 33503080 37132074 31539750 42290347 66062845 80380426 151373187 165174611 125000 125000 134942032 136935861 135067032 137060861 15000000 15000000 15000000 15000000 17500 17500 0 1768811 1287500 11326285 1155 1154 1306155 13113750 16306155 28113750 151373187 165174611 125000 136935861 0 0 0 -2068966 0 -1993829 2068966 125000 134942032 0 202520241. Staff costsAverage number of employees00 20253. InvestmentsParticipatinginterestsCost at the beginning of the year51,623,935Cost at the end of the year51,623,935Carrying amount at the end of the year51,623,9354. Disclosure in long-term investmentsParticipating interestsNameRegistered officeShare held in %EquityProfitArea9 Invest ApSDenmark25.0043,923,421-22,743,90043,923,421-22,743,900 5. Long-term liabilitiesDueDueDueafter 1 yearwithin 1 yearafter 5 yearsOther payables15,000,00015,000,00000 6. Contingent liabilitiesThe company is self-debtor surety for all balances with credit institutions in subsidiariesPro rata self-debtor surety:- Area9 Labs ApS- Area9 Lycerum ApsJoint and several surety:- Area9 Innovation ApS 7. Assumptions on calculation method of fair value for assetsEnd valueUnrealized gainsin balance sheetfor the year in theincome statementListed shares33,503,0802,352,294Fair value level1 The annual report of FONTANKA ApS for 2025 has been presented in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B. Basis of recognition and measurementThe financial statements have been prepared under the historical cost principle.Income is recognised in the income statement as it is earned, including value adjustments of financial assets and liabilities that are measured at fair value or amortized cost. Moreover, all expenses incurred to achieve the earnings for the year are recognised in the income statement, including depreciation, amortization, 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 accrue 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 attributable to the asset will flow out of the Company, and the value of the liability can be measured reliably. At initial recognition, assets and liabilities are measured at cost. Subsequently, assets and liabilities are measured as described for each item below. Certain financial assets and liabilities are measured at amortised cost, which involves the recognition of a constant effective interest rate over the term. Amortised cost is calculated as original cost less repayments and with the addition/deduction of the accumulated amortisation of the difference between the cost and the nominal amount. This way, exchange losses and gains are allocated over the term. In connection with recognition and measurement, consideration is given to predictable losses and risks occurring prior to the presentation of the financial statement, i.e. losses and risks which prove or disprove matters which exist at the balance sheet date. Income statement Gross profit/lossThe Company has decided to aggregate certain items of the income statement in accordance with the provisions of Section 32 of the Danish Financial Statements Act.Gross profit is a combination of the items of other external expenses. Other external expensesOther external expenses include expenses for administration etc. Fair value adjustment of investment assets and debts Adjustments of investment assets and debts measured at fair value are recognised as a separate item in the income statement. Financial income and expensesFinancial income and expenses are recognised in the income statement based at the amounts that concern the financial year. Financial income and expenses include interest revenue and expenses, financial expenses of finance leases, realised and unrealised capital gains and losses regarding securities, accounts payable and transactions in foreign currencies and surcharges and allowances under the advance-payment of tax scheme. Tax on net profit for the yearTax on net profit/loss for the year comprises current tax on expected taxable income of the year and the year's adjustment of deferred tax less the part of the tax of the year that relates to changes in equity. Current and deferred tax regarding changes in equity is recognised directly in equity. Balance sheet Equity investments in participating interestsEquity investments in participating interests are measured at cost. Dividends that exceed accumulated earnings of the participating interests during the ownership period are treated as a reduction of the cost. If cost exceeds the net realizable value, a write-down to this lower value will be performed. ReceivablesReceivables are measured at amortized cost which usually corresponds to the nominal value. The value is reduced by write-downs for expected bad debts. Other securities and equity investments recognised in current assetsEquity investments recognised as current assets comprise securities admitted for trading on a regulated market, which are measured at fair value at the reporting date. Fair value is calculated using prices quoted in the most recent transactions.Investments in unlisted companies are recognised in the balance sheet at cost. The cost includes the purchase consideration calculated at fair value plus direct acquisition costs. Where the net realisable value is lower than cost, the investments are written down to this lower value. Realised and unrealised capital gains and losses are recognised in the income statement. Cash and cash equivalentsCash and cash equivalents comprise cash at bank and in hand as well as short-term securities with a term of less than three months which can be converted directly into cash at bank and in hand and involve only an insignificant risk of value changes. EquityEquity comprises the working capital and a number of equity items that may be statutory or stipulated in the articles of association. DividendsProposed dividend for the year are recognised as a separate item under equity. Proposed dividends are recognised as a liability when approved by the Annual General Meeting. Current tax liabilitiesCurrent tax liabilities and current tax receivables are recognised in the balance sheet as estimated income tax charge for the year, adjusted for prior-year taxes and tax paid on account. LiabilitiesFinancial liabilities are recognised initially at the proceeds received net of transaction expenses incurred. In subsequent periods, financial liabilities are measured at amortized cost, corresponding to the capitalized value using the effective interest method, so that the difference between the proceeds and the nominal value is recognised in the income statement over the life of the financial instrument.Mortgage debt is accordingly measured at amortized cost, corresponding to the outstanding balance in case of cash loans. In case of bond loans, amortized cost corresponds to the outstanding balance determined as the underlying cash value of the loans at the time of borrowing adjusted for amortisation of capital losses on the loans over the repayment period. Other liabilities are measured at net realisable value. Fair value levelFair value measurements assume that a transaction takes in the principal market, or in the absence of a principal market, the most advantageous market. The most advantageous market is the market that maximizes the amount that would be received to sell the asset or minimizes the amount that would be paid to transfer the liability, after taking into account transaction costs and transport costs.All assets or liabilities measured at fair value, or for which the fair value is disclosed, are categorized according to the fair value hierarchy described below:Level 1:Level 1 inputs are quoted prices in active markets for identical assets or liabilities that the entity can access at the measurement date.Level 2:Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.Level 3:Level 3 inputs are unobservable inputs for the asset or liability.Contingent assets and liabilitiesContingent assets and liabilities are not recognised in the Balance Sheet but appear only in the notes.