45285022 2025-01-01 2025-12-31 2 45285022 2025-01-01 2025-12-31 45285022 2025-01-01 2025-12-31 1 45285022 2024-12-19 2024-12-31 45285022 2025-12-31 45285022 2024-12-31 45285022 2025-01-01 2025-12-31 d:AcquiredIntangibleAssetsMember 45285022 2025-12-31 d:AcquiredIntangibleAssetsMember 45285022 2025-01-01 d:GoodwillMember 45285022 2025-01-01 2025-12-31 d:GoodwillMember 45285022 2025-12-31 d:GoodwillMember 45285022 2025-01-01 d:FixturesFittingsToolsAndEquipmentMember 45285022 2025-12-31 d:FixturesFittingsToolsAndEquipmentMember 45285022 2025-01-01 2025-12-31 d:FixturesFittingsToolsAndEquipmentMember 45285022 2025-12-31 d:OtherLongtermPayablesMember 45285022 2025-01-01 d:ContributedCapitalMember 45285022 2024-12-19 d:ContributedCapitalMember 45285022 2025-01-01 2025-12-31 d:ContributedCapitalMember 45285022 2024-12-19 2024-12-31 d:ContributedCapitalMember 45285022 2025-12-31 d:ContributedCapitalMember 45285022 2024-12-31 d:ContributedCapitalMember 45285022 2025-01-01 2025-12-31 d:SharePremiumMember 45285022 2024-12-19 2024-12-31 d:SharePremiumMember 45285022 2025-01-01 2025-12-31 d:RetainedEarningsMember 45285022 2024-12-19 2024-12-31 d:RetainedEarningsMember 45285022 2025-12-31 d:RetainedEarningsMember 45285022 2024-12-31 d:RetainedEarningsMember 45285022 2025-01-01 2025-12-31 1 45285022 2025-01-01 2025-12-31 1 45285022 2025-01-01 2025-12-31 2 iso4217:DKK xbrli:pure Årsrapport 25492145 RSM Danmark, Statsautoriseret Revisionspartnerselskab Ved Vesterport, 6, 5. sal 1612, København V 2024-12-19 2024-12-31 2025-01-01 2025-12-31 45285022 LIFA Digital ApS Lucernemarken 1 5260 Hjallese RSM Danmark, Statsautoriseret Revisionspartnerselskab 25492145 Peter Arent Benkjer statsautoriseret revisor mne35785 Ved Vesterport 6, 5. sal 1612 København V Danmark +45 33 93 22 33 kobenhavn@rsm.dk 2026-02-19 Morten Lennert Regnskabsklasse B Revisionspåtegning Ja CaseWare fra Revisorgruppen Danmark anpartshaverne København V 2026-02-19 Hjallese 2026-02-19 Grundlag for konklusion Konklusion 39345007 0 34691193 0 14565968 0 -9912154 0 74288 0 363929 0 -10201795 0 -2229179 0 -7972616 0 -7972616 0 566652 0 126034114 127749000 126600766 127749000 668579 1723000 668579 1723000 127269345 129472000 12976501 3072130 0 11241912 44160 0 1741550 300000 14762211 14614042 26836994 40000 41599205 14654042 168868550 144126042 0 50000 40000 92017384 0 92067384 40000 9012733 11241912 9012733 11241912 1591405 1356870 1591405 1356870 156682 201943 144395 0 0 465318 1705935 2130133 11020911 106677779 15637448 2210568 37531657 19801519 66197028 131487260 67788433 132844130 168868550 144126042 29964457 0 4726736 0 34691193 0 42 72930 0 290999 0 363929 0 618166 618166 51514 51514 566652 127749000 11745148 139494148 13460034 13460034 126034114 1723000 1723000 1054421 1054421 668579 156682 1490633 40000 40000 10000 0 50000 40000 99990000 0 99990000 0 -7972616 0 99990000 0 92017384 0 Today, the Board of Directors and the Managing Director have approved the annual report of LIFA Digital ApS for the financial year 1 January - 31 December 2025. The annual report has been prepared in accordance with the Danish Financial Statements Act. We consider the chosen accounting policy to be appropriate, and 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 true and fair review of the matters discussed in the Management's review. We recommend that the annual report be approved at the Annual General Meeting. Morten Lennert Geir Ingar Korsnes Hansen Erik Helland We have audited the financial statements of LIFA Digital ApS for the financial year 1 January - 31 December 2025, which comprise a summary of significant accounting policies, income statement, balance sheet, statement of changes in equity and notes, for the Company. The financial statements are prepared under 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 OpinionWe 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 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. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 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. Our objectives are to obtain reasonable assurance about 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 these financial statements. As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Den­mark, we exercise professional judgment 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. Statement on Management’s ReviewManagement is responsible for Management’s Review. Our opinion on the financial statements does not cover 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 Management’s Review and, in doing so, consider whether 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 Management’s Review provides the information required under the Danish Financial Statements Act. Based on the work we have performed, we conclude that 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 Management’s Review. Description of key activities of the companyThe company's purpose is the development and sale of digital solutions and consultancy services, as well as any other activity which, in the management's discretion, is related to this purpose.  Significant changes in the company's activities and financial mattersThere have been no significant changes in activities and financial matters. The gross profit for the year totals DKK 39.345.007 against DKK 0 last year. Profit or loss from ordinary activities after tax totals DKK -7.972.616 against DKK  last year. Management considers the net profit for the year to reflect opportunities for further improvement. In 2025, the company’s cash and cash equivalents increased by DKK 26.796.994, i.e. from DKK 40.000 to DKK 26.836.994. Events occurring after the end of the financial yearNo significant events have occurred after the balance sheet date that affect the assessment of the annual report. The annual report for LIFA Digital ApS has been presented in accordance with the Danish Financial Statements Act regulations concerning reporting class B enterprises. Furthermore, the company has decided to comply with certain rules applying to reporting class C enterprises. The accounting policies are unchanged from last year, and the annual report is presented in DKK.  Comparison with the prior year’s financial statements is not possible, as the company’s financial period in year 2024 did not cover a full financial year. Recognition and measurement in generalIncome is recognised in the income statement concurrently with its realisation, including the recognition of value adjustments of financial assets and liabilities. Likewise, all costs are recognised in the income statement, including depreciations amortisations, write-downs for impairment, provisions, and reversals due to changes in estimated amounts previously recognised in the income statement. Assets are recognised in the statement of financial position when it seems 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 statement of financial position when it is seems probable that future economic benefits will flow out of the company and the value of the liability can be reliably measured. Assets and liabilities are measured at cost at the initial recognition. Hereafter, assets and liabilities are measured as described below for each individual accounting item. Upon recognition and measurement, allowances are made for such predictable losses and risks which may arise prior to the presentation of the annual report and concern matters that exist on the reporting date. Gross profitGross profit comprises the revenue, changes in inventories of finished goods, and work in progress, own work capitalised, other operating income, and external costs. The enterprise will be applying IAS 11 and IAS 18 as its basis of interpretation for the recognition of revenue. Revenue is recognised in the income statement if delivery and passing of risk to the buyer have taken place before the end of the year and if the income can be determined reliably and inflow is anticipated. Revenue is measured at the fair value of the consideration promised exclusive of VAT and taxes and less any discounts relating directly to sales. Cost of sales comprises costs concerning purchase of raw materials and consumables less discounts and changes in inventories. Other external expenses comprise expenses incurred for distribution, sales, advertising, administration, premises, loss on receivables, and operational leasing costs. Staff costsStaff costs include salaries and wages, including holiday allowances, pensions, and other social security costs, etc., for staff members. Depreciation, amortisation, and write-down for impairmentDepreciation, amortisation, and write-down for impairment comprise depreciation on, amortisation of, and write-down for impairment of intangible and tangible assets, respectively. Financial income and expensesFinancial income and expenses are recognised in the income statement with the amounts concerning the financial year. Financial income and expenses comprise interest income and expenses, financial expenses from financial leasing, realised and unrealised capital gains and losses relating to securities, debt and transactions in foreign currency, amortisation of financial assets and liabilities as well as surcharges and reimbursements under the advance tax scheme, etc. Tax on net profit or loss for the yearTax for the year comprises the current income tax for the year and changes in deferred tax and is recognised in the income statement with the share attributable to the net profit or loss for the year and directly in equity with the share attributable to entries directly in equity.  Intangible assetsGoodwillAcquired goodwill is measured at cost less accumulated amortisation. Given that it is impossible to make a reliable estimate of the useful life, the amortisation period is set at 10 years. Property, plant, and equipmentProperty, plant, and equipment are measured at cost less accrued depreciation and write-down for impairment. Land is not subject to depreciation. The depreciable amount is cost less any expected residual value after the end of the useful life of the asset. The amortisation period and the residual value are determined at the acquisition date and reassessed annually. If the residual value exceeds the carrying amount, the depreciation is discontinued. Depreciation is done on a straight-line basis according to an assessment of the expected useful life and the residual value of the individual assets: Useful lifeResidual valueOther fixtures and fittings, tools and equipment3-5years0-20 % Minor assets with an expected useful life of less than 1 year are recognised as costs in the income statement in the year of acquisition. Profit or loss derived from the disposal of property, land, and equipment is measured as the difference between the sales price less selling costs and the carrying amount at the date of disposal. Profit or loss is recognised in the income statement as other operating income or other operating expenses. Impairment loss relating to non-current assetsThe carrying amount of both intangible and tangible fixed assets are subject to annual impairment tests in order to disclose any indications of impairment beyond those expressed by amortisation and depreciation respectively. If indications of impairment are disclosed, impairment tests are carried out for each individual asset or group of assets, respectively. write-down for impairment is done to the recoverable amount if this value is lower than the carrying amount. The recoverable amount is the higher value of value in use and selling price less expected selling cost. The value in use is calculated as the present value of the expected net cash flows from the use of the asset or the asset group and expected net cash flows from the sale of the asset or the asset group after the end of their useful life. Previously recognised impairment losses are reversed when conditions for impairment no longer exist. Impairment relating to goodwill is not reversed. ReceivablesReceivables are measured at amortised cost, which usually corresponds to nominal value. PrepaymentsPrepayments recognised under assets comprise incurred costs concerning the following financial year. Cash and cash equivalentsCash and cash equivalents comprise cash at bank. Income tax and deferred taxCurrent tax liabilities and current tax receivable are recognised in the statement of financial position as calculated tax on the taxable income for the year, adjusted for tax of previous years' taxable income and for tax paid on account. Deferred tax is measured on the basis of temporary differences in assets and liabilities with a focus on the statement of financial position. Deferred tax is measured at net realisable value. Deferred tax is measured based on the tax rules and tax rates applying under the legislation prevailing in the respective countries on the reporting date when the deferred tax is expected to be released as current tax. Changes in deferred tax due to changed tax rates are recognised in the income statement, except for items included directly in the equity. Deferred tax assets, including the tax value of tax losses allowed for carryforward, are recognised at the value at which they are expected to be realisable, either by settlement against tax of future earnings or by set-off in deferred tax liabilities within the same legal tax unit. Any deferred net tax assets are measured at net realisable value. Liabilities other than provisionsFinancial liabilities other than provisions related to borrowings are recognised at the received proceeds less transaction costs incurred. In subsequent periods, the financial liabilities are recognised at amortised cost, corresponding to the capitalised value when using the effective interest rate. The difference between the proceeds and the nominal value is recognised in the income statement during the term of the loan. Deferred incomePayments received concerning future income are recognised under deferred income. 8.Contractual obligations and contingencies, etc. DKK in thousands Lease liabilities552.050 Total contractual obligations552.050 Total contingent liabilities0 Total contractual obligations and contingent liabilities552.050 Lease liabilities:The company has entered into operational leases with an average annual lease payment of DKK 46.000. The leases have 12 months to maturity and total outstanding lease payments total DKK 552.050. 9.Related partiesConsolidated financial statementsThe company is included in the consolidated financial statements of Geomatikk Holding AS, Ørkenveien 94, 0579 Oslo, Norway.